What do you focus on in price actions?

[SimpleMeLike]

Basically yes. Once you see your actual risk and can measure it in points or whatever, then you extrapolate that upwards (in this particular trade) from your blue dot entry. So that would be your new PT (Based on dynamic PA) right around your red dot area and right at the top of a bull channel line. Which is a good exit point for a long position but considering you got 7 consecutive bull bars after that dynamically calculated yellow new SL you may want to bet it will at least BO of the top of the channel a little more Before heading back down. Pushing that top channel line higher thus you may want then adjust your red PT to a 2:1 R:R since the dynamic PA to reach it was 7 consecutive bull bars with gaps between the closes of a bar and the close of the previous bar and the high of a bar and the close of a previous bar and such PA was more than once in those 7 bars Indicating continual buying pressure. I would probably move my adjusted red PT to 2:1 making a second adjustment Based on the dynamic PA taking place on those 7 bull bars. Hopefully that makes sense. I always like to continually be comparing dynamic PA with my initial projected PA. Dynamic rules like a king. It issues the final orders. My initial projections for entry help me select a decent trade with a potentially decent R:R but what actually happens overrides all projections. I am not a slave to my projections. I must follow dynamics. But projections help me get initial odds in my favor on trades.

Thank you Volpri,

I agree on the dynamic PA decision making after entry. Yes you make excellent sense.

However, lately (well 95% of the time), I am slave to my projections. I been keeping my Risk = reward regardless of the PA dynamics after entering the trade. I do this as a way to gain more PA experience for now. And Always seek to re-enter a trade after exit with loss or win. I know Brooks says to always aim for higher than 1RR, buttttt, taking more trades and aiming at high win rate gives me more trade experience for now. I do measure how far the trade went in my favor once I exited.

Adjust the PT (red dot) after the 7 bull bars buying pressure was good logical reasoning to adjust PT to a higher R:R.

Dynamic rules. I recall about this time last year, I was using hard 20 tick stop loss regardless of PA dynamic. Well, after getting about 7 losses in a roll over 1 day span, I quickly change that behavior.

We must read and adjust to PA. PA will never adjust to what we want.