Trader Dale Volume Profile

Position management
Profit Target and then runs into a full SL. Unfortunately, this approach doesn't deal with
such cases.
I personally use this approach when I trade the Asian session (because I am asleep and
unable to manage my positions manually).
Neutral approach: you move your SL to the reaction point (the place where the price
actually turned) when the price makes it to 70-80 % of your Profit Target.
With 10 pip Profit Target, the situation would look like this:
This way, you can prevent the scenario when you miss your Profit Target by few pips and
then the price turns and hits your full Stop-loss. Usually, when the price has made the 70-
80 % move you can be pretty sure that this was the actual reaction to your level. If the
price returns back to the reaction point after the 70-80 % move, it is best to quit the trade
because the reaction was already there, only not as strong as you would like.
*I prefer this approach when I trade the EU and the US trading sessions.
Conservative approach: When the price makes 70-80 % of your Profit Target move your
SL to your entry point (Break-even point) so the trade can’t end up as a loss.
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