Stops and Targets as shown. This is a swing trading idea. Follow your own trading plan!
Follow me also on ->
The same trade here too, TradZ - The thing is you need to have stright rules for how you go about in the markets. If you dont have trict rules for your entry, stop and targets that can me tested and mesured over 500-1000 trades then you got no edge. Your gut don´t have a 60% win ratio on these loose predictions. How will you build and maintain a proper money management system from your gut feel trades. Felix, me and other traders know that over hundreds of trades a Bat pattern with the correct ratios as used here will have a 60% win ratio with a good R:R = it´s making money. This one trade does not matter, this month don´t matter. This year matters at the end! Trading is long term with strict rules that is tested to be profitable over years. Then a real traders job is to just execute that egde day in and day out without any emotions. Build yourself a tradeplan and stop spending time guessing, then you are better of in a casino.
I see. I do not spend time on feelings. For me it's a pattern that fits my plan and therefore it's completed at that 88,6 % Retracement. It's not about winning this particular trade. It's about taking those trade in the long run to be profitable. That is what "I FEEL". Greets