How and When to Take Profits | FOREX
ฝัง
- เผยแพร่เมื่อ 25 มิ.ย. 2024
- Hello traders! Glad to see you here!
I really hope you are having a great and profitable week so far!
In this video, I will show you how I calculate my take profit targets and where I exit my positions. I am sharing 2 strategies that I use for both day and swing trading. They are easy to implement and quite accurate! Let me know if you liked them!
If you need any help or you want me to analyze another pair, create a specific video on a topic or anything else, please make sure to hit me a message or leave a comment! I really hope you will enjoy the content and will implement some of the details I mention!
I wish you an amazing week full of profits and high-quality trades! Stick to your plan and be disciplined!
Iliya Sivkov
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DISCLAIMER:
This video expresses my personal opinion only. Trading the financial markets involves risk and is not suitable for all investors. Before deciding to invest in foreign exchange or another financial market, you should carefully consider your investment objectives, level of experience and risk appetite. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to place are your own.
#forex #forextrading #forexanalysis
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Another Great lesson, took my notes 👍
"S&R are between the price, S&D are levels where tapped and strongly reversed"
I always find the answer of my questions in another video for few seconds! You are great!
So much value as always! Thanks bro!👊🏼
My pleasure man!!
This is always an important topic and as a student I have always struggled to find a good way to measure TP. Thank you so much for breaking this topic down along side some rules to help with the stress of it all. Thank you and I love your way of explaining these topics!!!
Profit taking is a whole section of your trading strategy. Make sure that you very well define how you are going to take profit, because else you are going to suffer from closing trades early or not taking profit when you should have. Make sure to work on that!
Your channel is gold thank you lliya for sharing your knowledge. Glad I found your channel
I am happy to have you here with us, Don!
Extremely underrated channel
Happy to hear you think so!! Thank you :)
Thanks for this video btw been waiting for it so long
I appreciate the content you put out. It's really useful!
Glad to hear it! Thank you so much!
I keep coming back to these vídeos.so educational
So happy to hear!!
sorry to be so off topic but does someone know of a way to get back into an Instagram account?
I was stupid forgot the login password. I would appreciate any help you can offer me
All your lesson are always amazing
Thank you so much, Ghazal! This really means a lot!
thanks!.great man!-)
Thank you 💕💕💕💕❤❤❤❤❤❤
Nice one y🎉
your explanation on support and resistance is just brilliant! LOL!
Super happy you loved it!
Very good stuff you make a great teacher thanks
Thanks so much, Chris!
Ultimate Explanation....
Really Excellent tutorial 🎖🎖🎖
Really happy to hear this, Sasi! Thank you for the feedback!
The best guy ever ❤❤❤
worthy content
Thank you 🙏
Always welcome, Anne!
I will definitely test this out! Thank you!☺️
Let me know how it works out!
Bro hats off to you man you are the best!! I just try this and it literally went straight for the tp!!!☺☺keep up the good work we need more educational videos like these!!!!
Let's go my man!
Best content
I've been waiting for this secret sauce for a while now 😂😂😂 thanks man appreciate you
Hehe glad you appreciate it man! Hope it will improve your accuracy ;)
Excellent 😘😘👏👏👏👏
Thank you! Cheers!
Thanks bro. I've been looking out for the video.
Glad you were bro. Hope it was valuable :)
Awesome 👍
Thank you!
I always gain watching your videos
I am really happy to hear this brother! Thank you!
Great video I use the ATR for my stop loss and take profit . Currently using the 1 hour ATR for my stop loss and the 4 hour ATR as my take profit
That's great! I've heard about the ATR, but never used it for my trading. It's probably more for swing, right?
@@TradingFanatic The idea behind it is that the 4 hour ATR is that it's a target that's achievable in a day. If the target works with market structure then it is an achievable target
Nice video bro. Good content
Personally I don't set take profit I just trail my stop loss and let the market move
Totally agree bro! That's a great approach to milk the market!
wow how do u do that? Im a new trader and on a losing streak since i started lol
@@1nilu1 you should still trade on demo not on live bro learn price action and market structure that all what you need and mantain a good riskmanagemnt risk not more than 1% and stick to it no matter what
Thank you for sharing your knowledge. I appreciate it very much. I have something to ask it is necessary to trade the pairs on the sessions you were encounter or you can trade all the pairs?
I didn't get your question completely. I usually trade the most volatile sessions - London and New York. All pairs move during that time.
Salute
Making it look so easy. 😅. Thanks bro
Always my brother!
I’m using an android phone know the extension levels and the extension magic numbers?
i didnt know the difference between support -resistance and suply and demand but today i got it
Glad you did!
How to know when to buy or sell
✌️
Iliya thanks so much,,, I have been waiting for this,,,,please why is it that I can't set the negative fib,, like the -0.27,,, I can't insert the - sign
You are welcome John! For me it's possible! You have to delete the whole number and type it in again. It should work..
Hi Iliya,
First of all, congratulations on the video and it's content. Perfect presentation and organization of the information.
I have a question on this specific topic: Does it really matter the way you draw the Fibonacci levels?
The reason I am asking is the following: I have watched a few tutorials regarding this subject and it is recommended to draw the Fibonacci levels in the direction of the push, meaning that for an upward push, the Fibonacci shall be drawn from 0 level (the bottom) to level 1 (the top) and for an downward push, the Fibonacci changes it's style, consisting of level 0 (the top) to level 1 (the bottom).
This being said, it means that the position of the extensions will change and obviously the meaning of those extensions will change (aka TP levels), which would be contradictory to the information exposed in between 6:06 - 6:53 (approximately).
It would be really helpful to hear your position on this matter and to clear the things out inside my head and exclude the confusion.
Thank you in advance!
Hi Andrei!! Amazing question and I love your curiousity.
The Fib use in this case is solely for Profit Taking, which is why I draw it in the opposite way.
Usually, you indeed draw it dependent on the Direction of the market, from the lowest to higher or vice versa. You are correct in what you say.
Make sure to watch my newest market structure video and study the PD Ranges section. You'll see the Fibs there ;)
@@TradingFanatic Hi Iliya, thank you much for your answer. Now I understand the intention of drawing it in the opposite way. Always good to find out other people ideas regarding market reading.
I will make sure to watch all of the videos on open source in order to understand market reading on macro, but also micro scale!
Please what’s your EMA value?
14 EMA
Bro now you have explained how to used fib retracement toll, Kindly make a video on how to use fin extension tool
Hey bro! Actually right here I explained how to use it for take profit :) I have another video on how to use the Fib also.
@@TradingFanatic on fib extension?
Can you please type down the fibonnaci levels numbers down cause its hard to see them
Okay.
You start with 1.272, 1, 0.786, 0.681, 0.5, 0.382, 0, -0.27 and -0.62. If you put all these numbers on your Fib tool, it should all be fine!
U r an intelligent teacher.but pl go a little slow n repeat the imp points so that people will understand n retain what knowledge u r sharing. God bless u.
Thank you so much for the feedback! I will try to go slower. You can always slow down the video speed from the settings as well!
Is the EMA and the MA the samething?
I am not entirely sure of the precise difference, but the EMA is exponential and places a bigger significance on the recent moves. So it's much sharper than the MA.
@@TradingFanatic thankd bro ur the best
There is difference MA means Moving Average(MA) this moving average(MA) can be exponential moving average(EMA) or simple moving average(SMA)
So instead
Let me give you a simple way to take profit,
Take profit between supply and demand solution solved
Great tip my man! I agree!
Please Sir Can you Re-Make A Recent Video ? I Already Changed My Fibonacci to P&D RANGE that I Learn From you
That is smart, yes. That one is outdated. Thanks for the suggestion.
Great video, however i don't quite understand where the 0.27 came from?
Hmm what do you mean? You include it into the Fib Settings and I explained how. Let me know what exactly you mean.
Thank you, at 3.30 you show how to adjust the fib levels, however 27% is not a typical fib level, I just wondered how you derived that number. Thanks again
This nice clear and easy to understand. I lost from yesterday just because of aiming for huge TPs which end up in losses... Thank you for this piece of knowledge.
Always have an exit strategy bro! Don't be greedy and set your targets!
There is no support and resistance where you marked it
are u use 50 ema?
I use the 14 EMA :)
👍
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noice
Thank you!
Could you explain better , I’m having a hard time understanding
I have a question regarding Take Profit and Stop Loss.
Do you also use the ATR indicator to place your stop loss?
Thank you and have a nice day!
Hey Mag! No, I don't use ATR. My SLs and TPs are solely based on market structure and S&D zones.