Profit Taking

Profit taking in this framework follows the thesis, not a fixed target. The thesis describes a condition — buyers dominant on a specific timeframe with a defined wrong point. When that condition changes — when the expansion reaches a point where continuation requires a fundamentally different thesis, or when thesis weakening markers appear strongly — the trade is over. Exiting because a predetermined pip number was reached is not a structural decision. The structure itself signals when the trade has completed. Partial exits are legitimate when markers of weakening are present but not conclusive — reducing exposure while giving the trade room to resolve.