KrisL wrote:Been a while between posts for me. Other commitments have been reducing my time on the forum. I've managed to do some trading the last couple of weeks, but much less than usual.
Here's an example of when not to exit a trade....however, the wave was old even on H1, so I really didn't want to push my luck.
Lets focus on the positive first, you traded a very nice setup and you have a good exit signal in the form of a fruit that appeared. But on a critical note, is exiting on Fruit part of your trading plan, did you follow your exit signal? is it part of your plan to exit on gut feeling, or exit on how you "feel like" (I'm not being sarcastic, if you want you can have that in your trading plan but you must use it "consistently"). as long as your exit is at least more than 1:1 you can say NEXT and laugh, if you exited without an exit signal before 1:1 you can Say next and sigh!
cheers
