theres a big hns there if that 98-00 holds for a top of right shoulder, not a big believer in those playing out in cl tho
Exit +20 Exit based on 60-min upper channel line, but there's a key swing level @ .93 for further upside potential
doj , just for fun heres a simple moving avg(sma) with a 7 day ,3.5% above and below (7 x5) biblical number 7 times 5(days in a week) on a 2 day instead of a 1 day daily chart
Here's a 1-min chart of the long setup. The upper line is the 60-min upper channel line and the lower line is the 5-min upper trend line drawn across the 9:30 and 10:20 highs (ET). These lines automatically transfer to all three of the time frames I use (5-min main, 60-min for key levels, 1-min for entries).
These mid 90's are key levels on the daily chart: Swing high zone from 12/11 and previous support (which tends to act as resistance) from 9/30 swing low zone.
Sometimes if a move is really strong and blows through my minimum profit target level, I'll trail for more, but in the price action environment we've had lately, I tend to just try and get 20 ticks, sometimes less if there's not enough airspace from my entry to the next key level. If the market tries to do something a couple times and fails, I'll often move to break even, especially on counter-trend trades.
So your target exit is not a placed order ? You're manually exiting ? What about when price runs +20 then quickly retraces never to see + 20 again. (as happens to me too often) Or perhaps your minimum is less than 20 ? TIA