DislikedHi Evaluator
Signals in 60m and entries in 5m..... but what about the exit strategy?
"SPECIAL EXCEPTION to Exit Strategy This exception applies to all Exit Strategies and supersedes them. When a trade produces an Extreme Spikes before reaching 30 pips....,EXIT THE TRADE IMMEDIATELY."
I take the exit strategy in 5m so these weeks I have lots of negative stops
but u mentioned the trade could be hold for days, so I guess it is consider in hr TF?
thanks !!!Ignored
frontline141,
Great question!
Because I am following 60 min. I use the 60 min chart to determine entry and exits.... I wait for 60 min to give signal then move to 5 min for actual order entry point then swtich back to 60 min and I usually follow Exit Strategy #2.
So for exception rule...I look to 60 min once I have enter a trade.
But why switch to 5 min??? Simple. It is normal for pullback at the beginning of a Symphonie Signal so I use the 5 min chart to determine the pullback and give me the best entry level for the larger timeframe move. I am playing off my post #2449 but with a twist because I let the 5 min chart do the work for me and find the better entry point.
Good luck!
Evaluator.:nerd: