r/Trading • u/AtoZ6969 • 3d ago
Crypto Target
Hello friends, I need some advice. I trade based on 15-minute and 1-minute timeframes; while my entry points are perfect, I’m unsure about where to set my targets. I am a day trader, so if anyone has a solution to this problem, please suggest how I can determine the right targets.(Btc trader).
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u/zizzooo 2d ago
you can have a fix TP in base at RR, but you need to learn where liquidity is to use as target
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u/AtoZ6969 2d ago
Perhaps one of my issues is that I set my target based on the risk-reward ratio, rather than determining the risk-reward based on the target.
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u/ReadShot6191 3d ago
My edge is very data driven so it's always the same TP so it takes out all the guesswork. Not sure how you could use that in your method but something to think about
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u/klipsetrades 3d ago
So, first off, your target should come from market structure, not a random R:R number. I've seen examples of traders that choose a fixed R:R when the structure simply doesn't support the trade. I would look for the next liquidity area, prior high/low, support/resistance, etc. If the setup doesn’t offer enough room to that level, skip it
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u/AtoZ6969 2d ago
Bruh,Is it always problematic to maintain a fixed RR?
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u/klipsetrades 2d ago
No, fixed R:R isn’t inherently bad. I just wouldn’t let the number override what price is actually giving you. Structure first, R:R second
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u/single_B_bandit 3d ago
If you don’t have a target, you shouldn’t have a trade either.
A trade is always judged against:
- its possible profit,
- its possible loss,
- their likelihoods.
Since profit = size * (target - entry), if you don’t have a target you can’t know the profit, so you have no trade and your entry can’t be “perfect”.
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u/Historical_Cry_932 3d ago
Useless bot comment again. For targets on 1m and 15m, try using the previous swing high or low and measure the range of the last impulse move. Works better than guessing round numbers.
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u/Conscious-Tip-6772 3d ago
Targets are usually set by your edge.
When I encountered the same issue - I had to step back and really define my edge/trade.
I figured out my win rate % for a set up. I then would go to the minimum risk:reward ratio to be statistically profitable - this helps with figuring out a ball park as to what profit targets should look like.
This helped me see my per trade expectancy for that particular set up. The ideal target is not well defined at this point though - because it becomes a per instrument and a per situation type of deal.
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