What is your exit strategy?

[bph]

Re: What is your exit strategy?

 

I am using the Donchian channels and

the StochasticRSI overbought or oversold levels for exit.

[cashflow08]

Re: What is your exit strategy?

 

I set my exits to the nearest fib S/R pivot. For example if price is nearer to R2 OR S2 and touches plus closes and retraces back. Then I;ll take profit there. I wait for the retracement because sometimes or most of times the price usually pierce through these Fib s/r areas thus the breakout becomes a bonus. ;)

[cfchai]

Re: What is your exit strategy?

 

hi,

 

using channel exit and switch to chandelier exit. it's a way for trailing stop.

 

regards,

derek

[djadja]

Re: What is your exit strategy?

 

I use Fibo lines (162% - 262%) in combination with divergence.

Most of my trades exits around +/- 162/262%.

[druman1]

Re: What is your exit strategy?

 

hi you just have to know if you are on trend or on a counter-trend, for trend I use fib extenssion, and for counter-trend just check the up or down line of the price action channel. I hope you can read Triad Trading Formula in this forum and you will get all the information

GOOD TRADING!!!!!!!!

[henryadex]

Re: What is your exit strategy?

 

Find strong S&R as TP, after price goes by my wish, i move my SL into +5 or +10, and just let it go until reach Support or Resistance that i believe it will go there... then close your chart, time to downtown :-bd

Hi

Exit strategies depend on your trading system and your entry point, if you are quick to enter depending on your strategy you should know the daily range of the currency you are trading all you need is to deduct the total pips the currency have traveled b4 your entry then deduct some few pips depending on your discretion.

I believe that is a save take profit position.

[winfx]

Re: What is your exit strategy?

 

s/r levels should be good and safe place to exit

[emaster70]

Re: What is your exit strategy?

 

I'm using donchian channel, current timeframe and next longer timeframe momentum and it tends to work fine for trades lasting about 1 to 3 hours.

[digitalman88]

Re: What is your exit strategy?

 

Trailing Stop By Using Higher Time Frame:

http://clc4x.wordpress.c0m/2010/01/03/trailing-stop-by-using-higher-time-frame/

[jtimpson]

Re: What is your exit strategy?

 

According to statistic, 80% or entry has been right, but only 10% of people make a live out of trading.

 

Last two times, I have see my 10 pips profits turned back into breakeven and get stoploss out, and asked myself why I did not take hte 10 pips profits when it was there?

 

What is your exit strategy?

 

 

I like buying pullbacks once they move back in the direction of the prevailing trend. I place my stop below the low of the pullback. Then when I have profit = to half my initial risk, I exit half the trade and move my stop to break even. That stop I trail below confirmed swing lows.

 

Another rule I have is if I'm holding a position long term and get a double, I sell half the position and thereafter have a free trade.

[WilteredFire]

Re: What is your exit strategy?

 

When trading on the m1 or m5 chart, I move stoploss near Break even at +10 pips, take half profit off the trade, and let the other half run until I see definate sentiment change in short term trend direction or a reversal candle before closing the trade.

[Greenrisen]

Re: What is your exit strategy?

 

Initial stop behind next S/R-level. Then I'm trailing my stop according to Parabolic SAR

[bgrtz]

Re: What is your exit strategy?

 

1. Fixed TP

2. Dynamic TP; move SL to half TP and raise TP according to your indicator

3. S/R level, Fibo level, combined with bands

[yash]

Re: What is your exit strategy?

 

my exit strategy is based on Astro planetary hour this works good probability for me

[nongball]

Re: What is your exit strategy?

 

i use fibo exit so time i use tp 30 pip

[Starting]

Re: What is your exit strategy?

 

yash, nongball,

 

Please explain in more details what have you meant.

 

In case of fibos, please specify how do you plot these levels (from which point to which).

 

Let's say it was a recent swing from 1.5250 to 1.5320, how you would enter (on what level of retracement) and where you would exit (take profit or close the trade) if 1.5250 is 0% level and 1.5320 is 100% level.

 

In case of Astro, just say when Mars is taking 0 angle to Earth or so I exit. So one who is in Astro would check if this exit strategy is ok for use.

 

To prevent misinterpretation and teach newbies what you do well, please be more detailed in posts.

 

Details could consist the whole exit strategy which is definetely of interest for most of us. Instead of just saying general phrazes. Thanks, guys! :)

[nongball]

Re: What is your exit strategy?

 

ok so sorry i usally take porfit at 61.8 or 76.4 , however it perhaps always at the price will reach to follow the aim always

[te-foder]

Re: What is your exit strategy?

 

i use daily fibonacci pivot points, i think they are the best for intraday strategies and scalping for exists, but if you trade them in london time you have to use them in london gmt or est time if you if you trade new york session.

[yash]

Re: What is your exit strategy?

 

hi Starting

 

my exit based on vedic astrology that is based on hourly planetary.

 

in each day planet will rule

example

sun - sun will rule

mon - moon will rule

tue - mars will rule

wed - mercury will rule

thru - jupiter will rule

fri - ven will rule

sat - saturn will rule

 

in same way planet will rule on every hour

 

monday 9:30 to 10:30 MARS will rule on that hour generally its is considered as trending hour

 

 

i found this method more effective rather using fibnoic or indicators u can overcome many whipsaws by seeing stellar movements.

 

for more of stock astrology tutorials information visit

www.eastrovedica.com/html/astrologyforstockmarket.htm

[Starting]

Re: What is your exit strategy?

 

hi Starting

 

my exit based on vedic astrology that is based on hourly planetary.

 

in each day planet will rule

example

sun - sun will rule

mon - moon will rule

tue - mars will rule

wed - mercury will rule

thru - jupiter will rule

fri - ven will rule

sat - saturn will rule

 

in same way planet will rule on every hour

 

monday 9:30 to 10:30 MARS will rule on that hour generally its is considered as trending hour

 

 

i found this method more effective rather using fibnoic or indicators u can overcome many whipsaws by seeing stellar movements.

 

for more of stock astrology tutorials information visit

www.eastrovedica.com/html/astrologyforstockmarket.htm

 

 

Yash,

Mate, I REALLY appreciate your comprehensive reply, trust everyone now can understand your exit and trading logic and if interested to get more info on this, will be able check your link.

 

This was a perfect example of what I call co-operation and sharing and caring ["CSC"] attitude from you, please keep it up, mate :shand:

[nayan205]

Re: What is your exit strategy?

 

Exit when more than 85% of securities up.

 

next day you see big gap.

[anwarsheriff]

Re: What is your exit strategy?

 

Exit at a financial goal, My day trading goal is 0.5% to 0.8% and once that is achieved exit partly and leave the rest with a stop loss at cost price.

[cbot]

Re: What is your exit strategy?

 

starting

 

have you some expample ? or statictic win your exit strategy thanks

[Starting]

Re: What is your exit strategy?

 

starting

 

have you some expample ? or statictic win your exit strategy thanks

 

I prefer to exit with profit at fibo 1.38 and 1.61 levels. This exit strategy works pretty accurate on GBPUSD H1.

[chaggs]

Re: What is your exit strategy?

 

I kinda use Darvas stops...mainly modern darvas i.e ghost boxes...its doesnt involve any emotions...helps me get out automatically :P