Need advice on Trading BIG TF with only TL

Hi,
Juz as my title. Here's my scenario, during every weekend, I will do analysis on BIG TF such as H4, Daily, Weekly.

I did take those trade. But I have no idea on how to manage the trades effectively.

Everyday I do my own intraday trade as well, but When I'm doing intraday trade, I saw a retracement in 15m chart (I trade 15m usually) / reversal trend. I will go over my LONGer Term TRades and close them out.

So, am I doing the right thing? Or the wrong thing?

I trade free hand, only use TL, Horizontal SR and Fibo. Every Trade I did set up the SL TP at the moment I entering it.

So, my question is, how to manage the trades effectively, I need advice from those who trade BIGGER TF.

Juz let me know If I didn't make my question / scenario clear.

English not my primary

you cant base a long term trade on a four hour chart and close it out because of a reversal on a fifteen minute chart. that's ludicrous. if you are long term trading, pay attention to long term swings and reversals. if you trade based on the shorter term moves, then you are short term trading. so for you, if you are trading on a day chart, TRADE ON A DAY CHART. don't go to the fifteen min chart.

I'm totally agree with BALCKSUN!

Got it. Means when the trades was taken using DAILY TF, then I only use DAILY TF to manage the trades.

Dont let my intraday trades to effect my LONG TERM trades. Guess I gonna make me more discipline and dont touch my LONG TERM trades.

Yesterday I did the same as well. I short GU and GJ (laz week) and aiming for a ridiculuous TP (I thought It is ridiculous). When yesterday I saw I was in great profit, and I see a sense of small reversal in m15 chart, and I exit my trades.

And today, gosh, my ridiculuous TP was get hit for both GU and GJ. Guess I gonna make myself more discipline.

Besides, how to settle the SL in LONG TF, did you guys feel the SL is too big? Or I'm the only one who setting a initial SL of 200pips +-. Then when I'm in +150pips, I move my SL to +1. Doing correctly???

Sorry guys if I sound annoying, I wanna be a better trader in trading LONG TF

Ok, Now is an live example. Where should I place my SL. My trades taken using Daily TF. So, now I using daily TF to determine my SL.

Intraday I know what to do. But not in longer TF trading.

So wish for some advice here.

stoploss, you can move it to yesterday bar perhaps and keep on trailing bar by bar. or if there is a small consolidation, top of it. or for whatever reason, originally when you enter you have 100 pips stoploss. the trade already goes twice the 100, you can make it break even or when it reach 200 (twice) you locked a +100.

maybe as when the trade goes on. you can also bank in some money and reduce some of your exposure. such as, you can closed 1/2, another 1/4, everytime it reach a resistance or support or round number or closed half of it when reach half of the range or the too much of pips you can stomach if you lose it in 5 minutes hehe.

some people only manage the trade when it was winning. how about when it was losing. find your way. there are many ways to do it. how much and when its all up to you. not advice just sharing what i know.

Try this indicator for stops.

Thanks for the both idea. And I prefer using the scale out method. Thanks.