Forecasting profit targets intraday is very tough for a new trader to do. However, when you start with a very simple tool and recent price action extremes, you can have a very clear path to locating where you can plan to book profits on your trade. There are a handful of aspects to managing your trade that sound more complicated than they really are. More than likely, you were told when getting started that you need to identify your entry, identify your stop and limit point and identify your trade size. One key way to identify the stop and limit point is to use the current market behavior. Identifying the current ... (full story)