QuoteDislikedI'd also like to agree with FXkabab. You need strict moneymanagement skills. If you have a setup that is correct go in with a multiple size. Take 1/2 out at an achievable Support or Resistance zone. You may not have got the 100-200 pip out of the balll park daily move...
i've seen some of exit strategies in these last pages against which i can only rise up !
it's like "break even" , that's non sens ! why exit at the middle of nowhere or when it can really retrace in your favor, that's just psychologic => fear
in this thread the importance of waves,etc were highlighted a ton of times , so you must be strong enough to hold until a true indication of end of your movement,
take 1/2 has no sens , either it breaks the support and you continue with full lot, either not and you exit,
put an SL close to the support/resistance , that, it's ok,
it can be logical also to decrease size of position if you count the number of stops,waves,etc in the movement,
you have really all the arms you need with the indicator alien furnished, multiple stochastic and rsioma are really good to exit