KarmaSenge

38.2% Profit Target is the best!

FX:USDJPY   美元/日元
Guys, This is why I don't take multiple profit targets. Most harmonic traders will take targets at the 38.2% Fib level, and the 61.8% Fib level and maybe even a third profit target at the 100% level.

I ONLY take at the 38.2% Fib level. And I take everything off at that point.

The Reason:
In my testing,(backtesting, demo trading and Live trading) I found that more patterns will hit the 38.2% level and then reverse before hitting the 2nd profit target. Moving down all the way to at least the original entry position. Not all of them, just the majority.

So instead of me only taking half of my profit, I am taking all of it. Yes I have the potential of making more money IF price action were to hit the 2nd profit target, but I find that 68% of the time, nearly 70% of the time, it never hits the 2nd target without first reversing and going back to the original entry.

And if you are taking multiple entries, you will usually roll your stops up to entry level once it hits the first target. Then you get stopped out before it returns back up to hitting the second profit level IF it goes back up.
交易结束:到达目标
That's interesting observation, let's see this pair how to unfold.
回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出