Hi - a great question, this is something that falls into the personal risk attitude category.kudrpenk wrote: Fri Aug 08, 2025 3:49 am Good day, Cagliostro! I'll erase your picture, how to find out just how to close a deal or close a profit?
I avoid putting TP on charts for this reason, everyone has a different risk preference. This is what I feel to share with some degree of wisdom:
-Consider instrument and TF you are trading, the easiest and most scientific way to set a target is using ATR/ multiplier. It works very good also for SL. If you want a RR1 it will be 150% ATR SL and 150% ATR TP.
-Black levels, are wonderful targets, if contrarian levels exist, be sure that during the trading day they will be hit again. Fixes are also wonderful.
-When an opposite swing appears it's time to close the deal as well, you can wait for candle color to get neutral or opposite, but I usually close almost instantly when have an opposite swing.
There is a lot of literature about the topic, I suggest you do some researches.
+C+