Exit Strategies...
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Thread: Exit Strategies...

  1. #1
    Dear All,

    I'm using a simple Trend Following Method (trendlines largely ) which is giving me great entry points, but on pairs like EURUSD I have a couple of hundreds in green, then the commerce reverses and most time leaves me with very little or no profit. The exit egy I'm using (which apparently isn't working) is to exit on final above/below 75 EMA. I want to hear from all you, what's your exit egy?

    Thanks for your time!

  2. #2
    Quote Originally Posted by ;
    Dear All,

    I'm using a straightforward Trend Following Method (trendlines mostly) which is giving me good entry points, however on pairs such as EURUSD I have a few hundreds in green, then the trade reverses and time leaves me with very little or no profit. The exit egy I'm using (which evidently is not functioning ) is to exit on closing above/below 75 EMA. I would like to hear from all of you, what is your departure egy?

    Thank you for your time!
    Hi n000b!

    I would suggest that really does trader called Jacko use. He is trading only EU and utilize 100p trailing stop loss.
    WellI might sayit works really good!

  3. #3
    Quote Originally Posted by ;
    Hi !

    I would suggest that does trader called Jacko use. He's trading just EU and utilize 100p trailing stop loss.
    Well, I might say, it works really good!
    Yeah, I understand that thread, and I did try that egy. But unfortunately it almost always gets hit before I am in green, yeah I want to improve the entry farther but for pairs such as UJ/GJ the same egy of entry/exit produces good outcomes.

  4. #4
    How I see it you've got three options:

    1) goal S/R

    2) path a cease profit

    3) exit on reversal signal


    I can't tell you which is better. Targeting S/R can be a great policy, and I have a tendency to split my positions up into three components, two of which goal S/R, one near term and one further out. The third and final part is given some space and I track the stop profit under (or above if brief ) the swing factors, so provided a the trend is shifting in my direction and price will be making higher highs, then I am in the match. This is a combination of 2) and 3).

    Trailing stops or exiting on reversal will mean that you never get straight out at the top (or bottom), and you might believe you haven't milked what was a reasonable entry for sufficient profit. But , if you target S/R, then you're never going to encounter those occasional times when you ch a vertical move, or put in at the start of something large that does some amazing things for your own Travels. And therein lies the dilema. I expect that both policies could have a similar expectancy if you base them on logical rules that have some statistical significance, but for me personally the plogy of obtaining a good entry and taking nothing from it is slightly more painful than getting from a trade and then watching it run, which is the reason I split my rankings up with distinct profit objectives slightly favouring profit targets.

  5. #5
    Quote Originally Posted by ;
    Yeah, I understand that thread, and I did try that egy. But unfortunately it almost always gets hit before I am in green, yeah I need to improve the entry further but for pairs such as UJ/GJ the exact same egy of entry/exit generates great results.
    You intend on UJ/GJ depart with 75MA?

  6. #6
    Perhaps I ought to also mention that the market condition that you expect to manifest itself after your entry must have some bearing on how much profit you could expect from a trade. I don't claim to know where a market is going to go or how far it's going to move, but I am much more inclined to leave a trade conducting if I anticipate a continuation of a trend rather than if we're in a range. The time of day may also be a variable. A fantastic trade set-up at the London open is more inclined to operate and not look back than a opened at NY afternoon, so that this has profit taking impliions too.

  7. #7
    Quote Originally Posted by ;
    You intend on UJ/GJ depart with 75MA?
    Yeah and it works, why are you really surprised?

  8. #8

  9. #9
    Quote Originally Posted by ;
    The way I see it you've got three options:

    1) goal S/R

    2) trail a cease profit

    3) leave on reversal signal


    I can't tell you which is best....
    Thank you for your input, appreciated! I will look into the S/R way to doing this. I concur with trailing stop item, it's a issue of getting you out of trade early most times if not necessarily since the price is bound to retrace. The EMA has an advantage, that it is going to take you to the top most times and back occasionally.

  10. #10
    I'd also like to include that jacko's egy is perhaps alright, only difficulty with me isI'm not daring enough to re-enter a commerce once my SL has been hit, not atleast today, I like to have a change or a strong retracement before shooting a brief or long commerce. So combined with a proper re-entry monitoring the stoploss is your way to go.

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