Courses › The STT Strategy: A Proven System for Every Timeframe
Setting Targets (Part 2)
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What this lesson covers
This lesson updates the target setting for level one of the Sniper Trading Technique and rebuilds the structure from the beginning so nothing is assumed. The technique looks for a symmetrical triangle structure made up of six movements, and Daniel numbers each one on the chart as it forms. With the structure marked, the targets follow from it rather than being estimated. The lesson works through each numbered movement in turn, shows where the target sits relative to it, and explains why the structure has to be complete before a target means anything. Taken with the first part of this pair, it gives you a repeatable way to set targets that does not change based on how confident the trade feels at the time.