In trading, TP1, TP2, and TP3 refer to different Take Profit levels set by traders. Each TP level indicates a specific price point where a trader plans to take partial or full profits from a trade. Here’s what each term generally means:

1. TP1 (Take Profit 1): This is the first level where a trader intends to secure profits. It's typically set at a price point that reflects a smaller, yet reasonable, gain. Traders often secure a portion of their position here to lock in profits while allowing the remaining position to run further.

2. TP2 (Take Profit 2): This level is usually set at a higher price point compared to TP1. Once TP1 has been reached and executed, traders may adjust their stop-loss orders to protect against losses while looking for further gains at TP2. This level allows traders to capture additional profits if the price continues to move in their favor.

3. TP3 (Take Profit 3): This is the third level for taking profits, marked at an even higher price point than TP2. It’s often used for traders with a longer-term view, allowing them to maximize profits from a favorable trade.

Overall, using multiple TP levels helps in risk management and enables traders to lock in profits at various stages of price movement. More information about these concepts can be found in discussions and articles, such as the one on Quora here.

Sources

TP1, TP2, TP3... Partial Profits is a SCAM! - YouTubeWhat is TP1 TP2, and how to trade them? - QuoraIm following a signal and when to take tps when i have given ...How and where to place Orders, Stop Losses and Take ProfitsHow to place multiple take profit levels in crypto - TP1, TP2, TP3 and ...How to add, place TP1, TP2 and TP3 in mt4/mt5. Put ... - YouTubeThe 3 Bar Counter Trend Strategy - Orbex

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