I DO NOT have a position in TOPS right now... this is for Alecw645 @Alecw645 Here would be my TOPS gameplan if I was in your shoes. Sell at 2.79 or add (ideally double but that's not always practical) 1.61. ☺️
— On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
Hi, Im wondering if you know how to use the "Long Position Tool", which is graphic representation of R:R on a trade. I always see your charts having 1:1 R:R ratio, which is... You know... You use it as range, or?
SPYder_QQQueen_Trading
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@eriboz, Yes... the Long position tool actually has a built in way to calculate the range... so what I do is take whichever time frame you use (4hr, 1 day or whatever) right click and hit reset chart... then put the Long position tool right at your average and it will calculate a target based on the price movement you have on your screen. It's a great little tool...
eriboz
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@LadyAmalthea12, Oh, wow. Thanks for your reply. That is useful.
RajBhatt
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@eriboz, eriboz, you are correct, she more than likely doesn't know how the position tools work. If being used for range, why is the midpoint so arbitrarily placed? there isn't a justification for the placement at all.