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My entry Nº1 is 2-3 ticks above the previous swing high,
My stop is 3-5 ticks below the previous swing low.
And my target points depend on the number of contracts traded by normally i look for a minimum of 15 ticks and manage the trade manually.
that is how a look for my fixed target, (well i dont know if we are talking on the same page, i would like to hear your analysis! ) but i do measure the initial move to look for my target. please check that attached image, is how i do it. and i protect my self taking 1/2 at 50% of the projection.
I use only to measure from high to low the range and i have set my fib retracement tool to show me only the 50% and 61.8% levels, i mark this zone and wait the price to approach this level, if the price is rejected from this zone (up or down) depending on type of thunder pattern (Sell or Buy) this touch will validate the pattern and i will look to sell the break of the previous swing low, and measure the range to find my target.