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A sample for your initial question about TPs.
Trades like this show why it is usually a mistake to set TPs
for systems that live and die by momentum.
Miss out on some of these trades or cut them and you cripple
the entire performance.
Not at all.There have been many occasion when 60-100 points were on the table. But as waited until the said exit time only say 10-30 were taken ( even ended in negative points ). It works both ways??
A a classical fallacy of using ex post knowledge for judging individual trade results ...
Following that line of thought consequently, you would take every 60-100, every 50, every 40,
... and finally every single point - just because it could disappear. Or you would "optimize"
TPs until they perfectly fit ... the past.
The "real" problems are different:
fear of losing (the stop or money that once was on the table)
impatience
...
Only some out of many reasons why so many people finally end up scalping for ticks
Over the years you will find that people who follow systems like @GFIs1 are much more enduring
in the markets - although many parts of momentum (or trend) systems are somewhat counter-intuitive
Thx for the question..
Yesterday the range was intraday 260 points
Between 150 and 250 points we have a high incertainty on the next day.
Above this zone a normal trade can be taken - with a slighly higher risk.
I am aware of this and took the trade. There is a well traded zone around
11500 - which could be reached before weekend.
We are nearing end of 2nd quarter of the year - where the numbers
of many companies have to look good!