If you follow your trading plan and then get stopped most of the time ending in loses versus gains and you see the current price still go to the tp you originally thought of, then maybe it is an issue of entry.
Note. If you make good gains and you profit, this advise may not be for you.
Okay here it goes. Put your entry where your stop loss used to be and then use atr to determine your stop loss and take profit.
Start with 1 to 1 win ratio and work your way to more as you adapt this system.
Weird? I know. Test it out and see the difference.
Basics
Trending markets.
D1 and 4h agree.
1h time frame
1. News first to see if you ought to trade
2. No news, check the charts for entry. You see that nice shooting star. Meaning sell. Check the floor and ceiling so you know if chances of your tp is good.
3. Put sell limit order on top of the morning star.
4. Stop loss the atr or average true range
5. The same as your stop loss.
The reverse for buy.
Note. If you make good gains and you profit, this advise may not be for you.
Okay here it goes. Put your entry where your stop loss used to be and then use atr to determine your stop loss and take profit.
Start with 1 to 1 win ratio and work your way to more as you adapt this system.
Weird? I know. Test it out and see the difference.
Basics
Trending markets.
D1 and 4h agree.
1h time frame
1. News first to see if you ought to trade
2. No news, check the charts for entry. You see that nice shooting star. Meaning sell. Check the floor and ceiling so you know if chances of your tp is good.
3. Put sell limit order on top of the morning star.
4. Stop loss the atr or average true range
5. The same as your stop loss.
The reverse for buy.