FX:US30   Dow Jones Industrial Average Index
152 3 7
Will be updating this chart as well as the earlier posted chart of UK100             in the comments :)

Hello, i'm reletively new at reading these charts. Do you have a prediction on good exit points?
Hmm there are so many different ways to exit a position. Personally I have a target, which can be an important reversal area, fibs, geometry, RSI projection, ab=cd and so on. From that target I use a dynamic Risk to Reward setup (R), which means if price is 10% from my target and 90% away from my stop loss, then I move the SL closer so the "R" is minimum 0.5. You can read more about it on Google, but one advice is to never set the SL at break even since the market doesn't care where your break even level is. Always set it behind a important area :)
+1 Reply
Biggles AleksanderThor
oh ok, great advice, thank you!
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