The session focused on effective strategies for taking profit in day trading, emphasizing the use of "building blocks" such as order blocks, liquidity zones, and fair value gaps across relevant timeframes.
The speaker explained their personal approach to setting multiple take profit targets and prioritized practical examples over theory.
Key recommendations included adapting profit targets to the execution timeframe and prioritizing higher confluence areas likely to attract price movement.
Upcoming topics include stop loss strategies and further Q&A based on viewer feedback.
Action Items
No explicit action items or assignments were mentioned during this meeting.
Taking Profits in Day Trading
Taking profits should be based on the "building blocks" identified in prior lessons (order blocks, liquidity sweeps, fair value gaps, and draws on liquidity) within the execution or one higher timeframe.
Example approach: If entering a trade on a 5-minute chart, scale up to the 15-minute to identify the first draw on liquidity as a potential take profit.
Multiple profit targets can be set based on:
One higher timeframe draw on liquidity (e.g., 15m for a 5m trade)
Order blocks at the top or bottom
Fair value gaps within the relevant timeframe
Additional liquidity zones or imbalances
While multiple take profits (3-4) are possible, traders should personalize this based on preference and trading plan.
Higher timeframes have stronger confluences; however, take profit should align with the timeframe used for execution.
Price is naturally drawn to areas with liquidity voids and order blocks, thus these should be chosen as profit targets.
A practical example was provided where a trade was entered at a lower timeframe and take profits were set at higher-confluence zones in the same or higher timeframes.
The primary focus should be on execution and daily bias, with profit-taking being of secondary concern if trades are executed well.
Decisions
Focus profit targeting on building blocks (order blocks, liquidity, fair value gaps) in execution or one higher timeframe — rationale: these areas present high-probability, high-confluence zones where price is likely to react or fill orders.
Open Questions / Follow-Ups
The speaker requested viewers to share topics or questions in the comments for future lessons and check-ins.
Tomorrow’s session will cover stop loss strategies, with further Q&A and content to be shaped by viewer feedback.