Set your profit target like a pro: Winning tips
Want to master setting profit targets like a pro? In this video, Ali breaks down how to use the Average True Range (ATR) and market conditions to create effective profit strategies. Learn how to adjust targets for trending and mean-reversion markets, calculate risk-reward ratios, and refine your trades using technical analysis tools like Fibonacci retracements. 🚀 Whether you're a scalper, day trader, or position trader, this guide has something for you. 💡 Key takeaways: How ATR reveals market volatility Adapting targets for trending vs. mean-reversion markets Using support, resistance, and Fibonacci levels for precision 📈 Don’t miss out! Watch now to sharpen your trading edge. And don’t forget to like, share, and subscribe for more expert trading insights! Check out our video on how to set stop-losses: • The right way to set a stop-loss (beginner... Watch our video on how to use the ATR: • The Average True Range Trading Strategy Listener Questions: Have questions or feedback? Reach out to us at [email protected] or via our social media channels. Subscribe & Follow: If you found today’s episode helpful, make sure to subscribe and like our channel to stay updated with future content. TIMESTAMPS 0:00 Intro 1:14 What is the ATR? 1:37 Setting up the ATR 1:56 Looking at market conditions 2:29 Setting your take profit trading example 3:47 Setting your profit target in a trending market 4:30 Summary of what we've learnt so far 5:10 Look at the price action 5:34 Using Fibonacci Retracements 6:34 Thanks for watching! Join us on our social media channels: FxScouts on Facebook: https://t.ly/CAjgH FxScouts on Instagram: / fxscouts FxScouts on LinkedIn: / fxscouts Website: https://fxscouts.com/ FxScouts DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
