I primarily want to trade S&R, which means targets are anywhere from 100-300 pips from the entry points. This is because I seem to work better off 4HR charts than 1 or less.
People on this forum often talk about simple targets like 50-100 pips.
Is it better to lock off a target at that range and wait for the next entry, which could be days away?
I usually take my profit sooner, rather then later…sometimes I curse when I wake up in the morning and look at a chart that has shooted my way…but this is what I am struggling with as well now…