Sunday, February 24, 2013

My profit targets

Right now I am trading with 2 contracts because it will be the same if I am trading with 2 or 50 (not including the issue of slippage of course).  My first target is 1 point for the first contract.  The 2nd target is initially set at 2 points but it will change each and every time depending on how price is moving.  I will use different techniques such as measured prices moves, support and resistance levels and channels to determine my most profitable exit for my 2nd contract.

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