Profit Targets are an essential part of intra-day trading. As the market moves in your favor, you would like to take a profit.
Markets can and do ‘turn on a dime’. Fast Moves have demonstrated that if you are in a position, you would likely want to take a profit or at least protect yourself from losing the profits that you have not locked in.
The goal of the Intra-Day Momentum Methodology is to give a level of certainty to an area where there is none. What does that mean? It means that mathematically defining patterns we can find out how often the patterns occur. This allows us to find out what percentage of the time historically the pattern would have created a successful trade and more importantly how often it would not. Realistically, it gives us a level of expectancy as well as a
If it can be measured, it can be improved.