Standard Deviations - How to be exit before the pullback

Hey whats up guys, in this post Ill show you easy method which can help you to set your targets, stay in the positions, prevent cutting position too early or hold for too long. You will basically have more objectives to stay in trade and give it a frame to which key levels you should use. Standard deviations are projection deviations of the manipulation leg. Which is the price swing that sweeps liquidity and then changes the order flow. In simple words, it is the move that takes out stops and then flips the structure - Order block.

📌Fibonacci tool settings
We will be measuring deviations from the order block and here is the Fibonnaci settings

0 - 1 is where you measure the manipulation leg and then you got your projections.

Zone between 2 - 2.5 is my main focus for taking partials of full profits Price obviously can go further but between 2 - 2.5 is where I tend to take something of the table. Because my longterm statistics says most of my trades has 2.3 RR. 📌What to do at 2- 2.5
Obviously don't start doing what Im saying here on your next trade. First test it and if you find it useful, never put any idea from someone from the internet to your money without verifying by yourself then add it to your arsenal or reject it. If your strategy has fixed TP based on structure stick with it. Standard deviations can be just a little helper. Let's look at few examples.

1️⃣ Example: GBPUSD
This is the example which has Benn posted here on TV

And as you can see it has made some gain, didn't hit full TP and reversed, back to the entry. But look where it reversed - Exactly at the 2 - 2.5 I saw it has my average profit and it was Friday so I closed it . as we can see it was a good decision to close position fully here and not sticking to to the full target. Im not saying that closing trader before the initial target is good decision, but considering that its Friday and I got my average 2.3 gains. Its a no brainer to take what the market offers to me. 2️⃣Example: EURUSD
My strategy is has two defined targets. 50% of the range and full range. After taking 50% partial at 50% I should be targeting opposing range low after the sweep of the liquidity highs. So I should hold the trade until the target. But as it was a Friday and price been between 2 - 2.5 means my trade was around 2.3 RR in profit, which is my average reward so I decided to close it completely and as we can see it was a good decision as the price just completely reversed before hitting my target. 3️⃣ Example: XAUUSD
This is model 2 entry on Weekly range and Model 1 on Daily CLS range.

Let's not overcomplicate. Look at the order block our initial point for the measuring our target and check where is the 2 Std. Projecting 2 St.D gave me confidence that CLS highs could be reached easily as it all was aligned with HTF trend so I held the trade for the whole week. Exited little bit bellow, but as it was reaction on LTF OB and Friday, I didnt want to hold in the trade over the weekend. 4️⃣Example :EURUSD
Another EURUSD trade example after sweeping a low and creating order block

We can that 2 STD aligns with CLS highs so its perfect target and we can see sharp expansion to the 2 St. D then price started retracing and consolidating, If we targeting bigger targets we would be for 2 days in this choppy range now. 📌This tool is not a strategy it self its just something what can help us to set reasonable targets while we don't have to face big pullbacks. Im not saying you should go only for 2.3 RR as I do. If you can hold traders for 3RR and more you are great trader.

📌However I found that when Im targeting 3R and more, I must face pullback and watch how my gains go back to the markets which I dont like. Im still human and have emotions and you know how it feels when you have a great trade developing and then in a blink of the eye its back on your entry.

📌Also by targeting just 2.3 RR is a clean shot and I realized that I can increase my risk per trade for such setups because they are hitting TP more often than 3RR trades. So in the end it's less stress and better profits. But it's all about a personal preferences.

Let me know what is your average RR and reason you targeting it.

David Perk aka Dave Fx Hunter