Lem how do you determine how to exit a trade? simply get a few pips then bank or first signs of market goes against You? Just trying to understand the psychological aspects of your trading.
For The DAX, I ''aim'' for between three and five pips (just as a guide figure in my head) but I am playing off momo (momentum) and so I do acknowledge that there is a large portion of ''feel'' involved in knowing when enough is enough.
When you have lived and breathed your chosen instrument, you get a real feeling for when hings are coiling to break and when they are running out of steam.
Combine that with the technical side of it - the
information, the micro S+D, Fib-Levels, Wick Zone overlays etc etc et al - and you can build your mental foundations under your trade.
