Today we reached my final objective from the short killing ride from 2200 I say the S&P has topped at 3481 and will not close over 3516 before it touches 3280 As always 1% deviation stop on the trade good luck my friends
Move it to the polling thread. @Magna Thought I caught you in time when the double posts were reported, so you could kill this one.
Or if you wanted a longer post, the links to the manifold overbought “calling the top here” threads he’s started over the years.
Luckily for day traders, we don't have to bother about the market has topped or bottomed. Let's say you long the index futures with 3 lots. how to set target profit? 1st lot - you target decent profit of say reward risk ratio of 2.5:1 2nd lot - target RR ratio > 2.5:1 3rd lot - you hold your position for many many hours. why? because we wouldn't know how far the market will go. It might move a little or a lot. Well. If you have a crystal ball, then definitely the strategy will be very different. and the way you set the target profit will be very different.