I typically take 1/4 to 1/2 at M1 ATR*3, then another 1/4 at M5 ATR*3. Then I take the rest depending on higher TF trend or S&R levels, or other criteria. I prefer scaling out because it assures profit and you can leave a small amount in for those really big runs, with no risk (assuming stops at BE).
- Post #7,621
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- Mar 6, 2009 11:19am Mar 6, 2009 11:19am
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- Post #7,624
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- Mar 6, 2009 11:27am Mar 6, 2009 11:27am
- | Joined Jan 2008 | Status: a small step to the future | 560 Posts
Manage your risk accordingly and you're half done your home work.
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- Edited 12:26pm Mar 6, 2009 11:39am | Edited 12:26pm
~*~You are only one trade away from humility~*~
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- Edited 12:12pm Mar 6, 2009 11:58am | Edited 12:12pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,250 Posts
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FUBAR...
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- Mar 6, 2009 1:08pm Mar 6, 2009 1:08pm
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FUBAR...