How to Improve Probability of Hitting Your Long Term Target

In this video today I go over how to improve probability of hitting your long term term target on a position. I take a look at a recent buy trade I closed on EURUSD this week as an example of this tip.

Trade Details: The trade was a EURUSD buy trade taken from the 1.1125 bullish zone area on this market with the 1.1256 area as a management point area and the 1.1363 zone area as the long term target. Trade management aspects mentioned in this recent review.

The tip refers to setting take profit on a trade 15 to 20 pips before the long term target area. This ensures a higher chance of being filled in case the market turns around just before testing this area.

 
Above – Above video on How to Improve Probability of Hitting Your Long Term Target?

About Timon Weller

Timon Weller is the professional Writer and Trader behind the blog Forex Reviews. Timon Weller is also a professional Teacher of Price Action Trading and creator of the popular Training Series teaching people how to trade Price Action effectively called The Engulfing Trader. For other Forex Training available here at Forex Reviews click here.

For more on Timon Weller Click Here. To Learn more about How to Trade the Market and get updates Click Here.

Speak Your Mind

*