Why You’re Never Satisfied in Trading - Fix It With StructureEuro/US DollarSAXO:EURUSDDavid_PerkAs traders we are never happy. If you take TP and price movement continue without you, you regret not to holding longer. If you didn't take profit and price starts to make a pullback you must be watching your profit floating back to the market and you regret for not closing it earlier. See ? Never happy, whatever you do, you could always do it better. This is usually problem of the strategies which don't have fixed RR for TP or fixed pattern for targets. Also there can be a psychological problem of extending TP if the trade is in the profit or closing trades early which is usually caused by too big position size which will not let you stay in the trade calmly. 🟣1) Fixed RR solution This works because you are not predicting where the market will go, you simply have your level where pattern must play and once it's done you execute. And you set you TP with ration dependent on the SL distance. Obviously it's higher reward to risk is better. But not in all cases. Let me explain. First of all you need to backtest your strategy to find optimal risk to reward and your win rate. Refer to the tab below. This will tell you how your win rate should be in order to be profitable. Yeah, it's easy to see it in tab, but reality is usually different. It looks easy to be right just in 30% of trades with high RR trades. But it's also not easy to hold high RR trades , because with 1:3 and above there is usually pullback where you can close the position if you are not patient enough. Also with 30% win rate you lose 70 trades out of 100. Be honest not many traders are psychologically strong enough to go thru this. 🟣 Setting Optimal RR I have seen guys trading with 1:1 and being profitable. Advantage is that smaller RR has high win rate. You are also quite quickly out of the trades. But I personally prefer having positive RR. Here is a catch. I was aiming for 1:3 but there was always that pullback that usually came back to my entry and hit break even or at least it was very uncomfortable. After some time I found that 2.3 is my golden Risk reward target. This is what is usually hit without pullback so thats what Im aiming for and it's working well. 💢 Summary If you trading strategy without predefined fixed levels use fixed RR as targets and stick to it. You will be psychologically ok with outcomes. As much as you remove decisions and you make it mechanical. Trading gets better. 🟣2) Fixed Targets based on Trading Pattern. This is might even easier than having fixed RR. If you follow me for some time you can see my ranges. Always horizontally drawn , no diagonal drawings , no subjective stuff. I trade 2 models. 🧪Model 1 After the range manipulation Im entering with the OB confirmation and model 1 always has TP around 50% of the range or high / Low ( liquidity) around the 50%. True is that sometimes this model doesn't offer best RR. But Model 1 works well also as countertrend setup Trades are usually 1:1,2 - 1,5 RR. And this is what was forcing me to extend the targets, but then that pullback always came and price was back on the entry. Now I always take TP at 50% as per the diagram below. 🧪 Model 2 Model 2 is pullback entry which comes after Model 1. There cannot be Model 2 without price reaching 50% of the range. Also Model 2 cant be traded as countertrend setup and model 2 is not always offered, but if you catch it this is usually 1:3 RR and more setup. 💢 Summary: Advantage of this method is that you can be collecting decent profits on Model 1 setups with 1:1.5 RR. And once the model 2 occurs you get homerun with 1:3 and more. Everything is predefined by the range so you are reducing subjective decisions. ❌Don't do this 📍 Trade 1 you enter the trade and set your TP at 50% correctly. Price hits your TP and continue to complete the full range without you. 📍 Trade 2 Because in the last trade price made full range and you could make more money this time you set TP to the full range. And price reach 50% and then it reverses on you. But if you sticked to the plan. You would be out. With profit. at 50% Never bring outcome of last trade to the current one. Always Stick to the plan Adapt useful, Reject useless and add what is specifically yours. David Perk