Stops and targets from structure
Where your idea is wrong
A stop is not a random number of points. It goes just beyond the level that proves your idea wrong: for a buy, under the last higher low; for a sell, above the last lower high. If price gets there, structure has broken and you want out.
Targets at the next obvious level
Aim for the opposite swing: for a buy, the last swing high, where resting orders sit. Measure the distance to your target against the distance to your stop before you enter, never after.
Remember: Stop beyond the swing. Target at the opposite swing.
Test yourself
Why not use a very tight stop right under your entry?
Normal pullbacks will hit it before the idea is actually wrongStops belong where the idea is invalid, not where it feels comfortable.
Price is moving against you and nears your stop. A disciplined trader…
Lets the stop do its jobWidening stops turns small planned losses into big unplanned ones.
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Candlr is educational. Nothing here is financial advice, and trading involves a high risk of loss.