Disliked{quote} So I decided to trade the 5 minute order flow as opposed to the 30 minute order flow and a question I have is regarding trailing. 1. How aggressively do you start trailing your winners if you are within a 1-3 point range of harmonic or ratio exhaustion? I've noticed that price sometimes gets exhausted within a small margin of harmonic or ratio exhaustion and watching a winner turn into a breakeven is difficult. I also don't want to strangle the trade. 2. I know that harmonic and ratio exhaustions are relative to time scale so a 1-3 point...Ignored
If price comes within 3 points of a harmonic or ratio exhaustion whichever occurs firs, then I will trail on decision candle if you wish or you can trail on immediate order flow structure.
If you fail to plan, you plan to fail.