DCX academy: DCX114 – take profit (exchange order book)

Notes on Apr 5, 2022

13:17 minutes

Crypto Academy - Technical Ninja

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  • What is a Target Zone?

  • Twin Trading and Layered Targets

  • Averaging your investments entry

  • Does this work in FOREX?


Target Zones

With any trade or investment, it’s important to have an idea of where you’ll take profits!

Regardless of your strategy, you must consider Market Timing.

When you are able to identify turning points in the Market before the move happens with a high degree of accuracy, you’d be placing orders where the institutions are!

Commonly it is sought after to experience low risk, high reward, high probability trades.


Twin Trading & Layered Targets

It can be highly effective to split up your orders into partial positions, minimizing the risks of entering the market at an inopportune time. There is no way to achieve 100% certainty on any trade which is why we wait patiently until the scenario we are expecting is confirmed.

Even after receiving several data points of confirmation, the trade may fail to reach or, may even exceed our anticipated target which is why this method of layered order works!

Taking a risk-conscious approach allows you to develop a calm and patient trading attitude.

In Summary: Identifying Low Risk, High Reward, and High Probability trades before the move happens is possible if you continue to practice developing a patient and calm trading attitude.