There are many types trading strategies out there. It will confused many beginners in terms of which one must have in their trading plan.

However, there are a few plain and simple strategies you should have to determine the right time to take profits.

So without further delay, let's get started!

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1.Know where the smart money key base

The very first step when it comes to take profits is to know where the key support and  resistance levels are on your chart.

Knowing where key support and resistance is vital in trading. Because you should always have a solid ideas of exactly where the market may encounter an change in supply and demand. 

But it is not enough to simply draw a few lines on your chart and call it smart money key base.

Click here to learn on how to draw key support & resistance level

If you want to learn more advance technique on spotting smart money key base, you should join our Advance program.

2. Swing Highs and Lows are More important than you think.

If you have been following my weekly analysis videos, you may notice that I always check the market swing highs and lows first before I go in details.

Obviously, it is very important to determine the big picture and current market conditions first. The very foundation of price action is built upon highs and lows. They give us an ideas of key levels and also provide us Profit targets.

Sadly, Many Futures traders overlook this basic yet important tool. They should not skip this part when comes to analyze chart. They are extremely helpful when it comes to determine the strength of a trend.

3. Watch for threatening price actions

For example:

As you can see from chart above, there is a bullish engulfing formation. And this is a sign that market may be getting ready to reverse from down trend to up trend. Of course, you don't want to risk giving back all your profits to the market.

The signals you use to enter the market can telling you when you should take profits as well. Price action is not just about using price momentum to enter the market at favorable price, but it's also about analyze the entire market to identify when is your best time to take profits.

Click here to learn about price action and  here and here

You need more advance price actions technique? Join our Advance program here.

My little advise to Futures Trader

If you really passion about trading business, you should spend times to learn How other profitable Futures Traders trade Futures professionally.

It's time to take your trading business seriously! 

If you are traders in JB, do come to our upcoming seminar on 15 July 2017. Let's exchange our trading experiences and improve our skill further more!

Click here for registration!

See you there!