|
DPT and UPT profit targets are unique and uncanny. For example when UPT or DPT reached on the high time frame say 20 min it will stop price cold on the 5 min chart. Use multiple time frames to find profit targets. This is not reversal points but when confirmed by other indicators or in conjunction with tcp.channel will provide logical points to exit multiple contracts. I use profit targets with ES on 3 min 5 min and 20 min charts there is no reason why this profit targets would not work with other equities or commodities however all in life is relative and profit targets are relevant to the time frames mentioned above.
|