roameri, IMHO, intraday traders should not pre-empt things in so much detail... if i say, i m expecting a bounce from 4100 area, i m expecting only 15-20 points... as first target for part-booking... and because, this is a prev, triple top area, i may trail stop for balance lots...
Maybe because u r more of a positional trader, your day ends at EOD (3:30).... my trade starts & ends at every 10-15 mins... I cannot have a fixed view thru-out the session... I respect each & every level as it comes... and enter long/short accordingly, making sure my stop loss is comfy and risk:reward ratio is slightly in favour of my trade