Just a question for those of you who use profit taking targets.
What do you use to determine profit targets?
Fib numbers, fundamentally predetermined fair value, a multiple of risk, astrology???
I personally don't use a profit target but prefer to trail my stops and let the price eventually stop me out.
But I am interested in how people out there work out their profit targets and whether it is done with short, med or long term (or all) systems.