Forex Tip: Intraday Target Location

Hello traders!

As you probably know, knowing when to exit a trade is as important as knowing when to enter. That is especially true for intraday traders since decisions need to be made quickly and accurately.

In today’s video we’re going to review the optimal locations to set your profit taking levels as an intraday trader so you manage to squeeze as many pips as possible out of every intraday trade. And not only that, I am also going to share with you my custom indicator that will help you in this regard!



Download My Custom Indicator

Anyway, I hope you enjoyed today’s post. Leave your comments below!

-Hector DeVille



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WE HAVE 21 COMMENTS SO FAR...
  1. Linda says:

    Thank you Hector, very kind of you to share your indicators and answering my emails from previous videos.

    Thank you for excellent and genuine content and helping newbie traders with quality material.

    Linda

  2. Jan says:

    Hi Hector,

    You surprise me today-like always before-with a good fx education,with a logical,informative and most of all practical and usefull lesson.

    Big thanks for that and for indicators as well.

    Have a good day.

    Jan

    Answer by Hector Deville
    No worries Jan, I am happy to help :)

    -Hector

  3. Brian says:

    Thank you for the video, indicators, and great explanation on how to use them. A very informative lesson!

  4. Olanrewaju says:

    I can not thank you enough Hector, infact you are God sent because i,m almost quit forex due to the amount fo lost already incure both in trading and buying of different system and series of indicator that fail but here you are giving me what works for free (your video teachings with the indicators).

    You are different men!

    May you always find help whenever you need one in Jesus name.

  5. M. Terry says:

    Thanks Hector!! I really appreciate all of your insight and information including the indicators! Great job and keep up the excellent work! By the way, what broker do you use??

    Please e-mail me if possible. Thanks again!

  6. M. Terry says:

    Another question, can you use the ATR Projections indicator with the “Daily” chart? Thanks Hector!

    Answer by Hector DeVille
    Hello M. Terry,

    By definition, using the ATR on Daily charts doesn’t make much sense since the information provided by that indicator is only useful from an intraday trading point of view.

    Hector

  7. Jerry says:

    Super video, Hector…

    I have known about round numbers for awhile… but your video really brought the truth of them home to me… I had an open trade on the GBP/JPY that was in a loosing trade since last Friday afternoon… just a few minutes ago, the market opened for the week and the pair experienced a breakout to the upside and stalled right on the 142.50 mark with great precision. I promptly turned my looser into a winner by closing everything out without hesitation for a $12k gain on all of the lots I had open in my demo account.

    Amazing how not 5 minutes after watching your video, I was able to turn it into direct action for a great profit.

    Jerry

    Answer by Hector DeVille
    Hello Jerry,

    Yes indeed, round numbers should always be in any intraday trader’s mind as far as locating their partial exit orders around them. Like I said in the video, they kind of work as the pivot points of intraday’s price action and therefore price does usually react off them in one way or another.

    Congratulations on your trade by the way!

    -Hector

  8. Marcia Gillies says:

    Hi Hector,

    A friend sent me an email with a link to your videos and I must say they are the best I have seen. They are clear and the information given I find to be very useful. They have cleared up lots of cobwebs I had and maybe these were preventing me from making money through trading. I think you have put a lot of thought and effort into making these videos so people can understand them. you are certainly a good teacher.

    If I had seen this before I paid for the course I did, I would have done this instead. I will definitely be getting some of the materials and indicators as soon as I start making some money.

    Well done and thanks.

    Answer by Hector DeVille
    Thank You Marcia for the kind words, I am happy to hear you’ve found the videos useful!

    Hector

  9. Chinedu says:

    Good day hector,

    All i can say to you is thank you. not only are you a true professional trader, but also, i have almost become a professional trader by following your trading strategies religiously. You speak the truth about this market, and I wish every other trader knew about you so that they can become profitable. It is usually very interesting to see how market bias goes in my favor once my entry is hit. It is either that a lot of traders are using your strategy, or that this is a universal law of trading. Any of the two options is fine because i am profiting.

    Thanks once more for the videos and indicators.

    God bless you, Hector.

    Answer by Hector DeVille
    Yes Chinedu, it does work as you’re witnessing by yourself. In my opinion, simple systems work best which is why I’ve tried to explain the basics of my strategies as straight forward as possible. I am glad to hear that you’re benefiting from them. Well done :)

    Hector

  10. Vignesh says:

    Hi Hector,

    Thanks again, good commentary on the target and the whole number, appreciated. What is your thoughts on applying this for your 3SMA strategy? I am thinking perhaps not, whether 15m or 1h, your thoughts please? Thanks

    Regards
    Vignesh

    Answer by Hector
    Absolutely, they’re perfectly compatible. Using the Round Numbers and the Average Daily Range in order to establish your intraday targets is a good idea no matter what system you use.

  11. Teo says:

    What about major news during the day ? How to put it together with your trading system ?

  12. Jason Lee says:

    Dear Hector,

    Thank you for you kind effort to teach others. I found every information you released was very practical and usefull lesson to me. Every morning the first thing I do is visiting your blog to see a new lesson (I live in New Zealand), which became my habit .
    Thanks again for you kindness!

    Happy New Year!!

  13. jean-charles says:

    Dear Hector “Robin Hood from the swiss alps”

    Your teaching is so clear and trading strategies so well defined, that i was wondering if there is still trading days to avoid? Mondays and Fridays seems to have a bad reputation while tuesdays and thursdays seems to be cherished… but your trading strategy seems to be day proof.
    What do you think?

    you are a great teacher!

    Answer from Hector
    Hello Jean-Charles – I personally avoid trading Fridays beyond noon (London time) because price action slows down to a crawl prior the weekend break :)

    Hector

  14. Tasos says:

    Hi Hector
    Thanks for such important information that you provide. It is very generous to share with us and enriches our knowledge.
    Τhank you!

    Τasos

  15. Mumma says:

    Thanks, waiting for next
    Regards Mumma

  16. Lawton says:

    Happy New Year Hector
    Greetings from Melbourne (Australia) I enjoy watching and learning from your videos. Thank your time. God Bless
    Lawton

  17. Peter says:

    Dear Hector,

    In the last couple of years I have tried so many expensive software packages, programs and trading strategies. But your very clear, informative video’s are among the very best I have ever come across!!

    In a few more weeks I will definitly purchase your program to learn your simple yet VERY effective trading methods.

    Warm regards,

    Peter Noppen
    the Netherlands

  18. Waldemar says:

    Very kind of you to share your private custom indicators and ideas. It is very rare to find support and help from profesional traders without spending big money. Thank you again.

    Waldemar, Canada

  19. Galen says:

    Thank you Hector

    I hope to put this to good use. My understanding on the larger time frames support and resistance still cloudy but with time I’ll understand there use and their influence on smaller time frames.

    As always Hector

    Galen

  20. Joshua Bulus Bulus says:

    Sir Hector,

    Positive response to what you are doing and offering is a

    must for any sane individual that comes across it. Your honesty has made you outstanding. You are my HERO! I am more than ready to embrace your instructions so that I may be able to help others the way you are a blessing to us.

    Cheers! Hector

  21. Charles says:

    Hello Hector, Its been an experience watching your videos and i love your indicators. It’s good to know in this forex wold there are people who would hold their integrity true. Can’t say how i started getting your super freebies but, but one thing is for sure, you are God sent. More grease to your elbow. Thanks.

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