How to get back in with Mouteki setups?

Hi to all

I am wondering if in the Mouteki set up what you do after new spike.

Yesterday I was stopped out by a news spike and then price resumed the direction of the trade I was in. Should I have jumped back into the trade once price crossed my original entery point or, should I just scrap the trade and wait for a new Mouteki setup?

Any ideas of the best way to handle this?

Thanks!

Getting back in after the initial signal from Demark's trendline takes a little more studying because the risk of a reversal is ever so present. I use the Heiken Ashi Candles set to 2,6,3,2 on the 1 hour chart. I trade on the 4hr chart and exit on the 2nd red candle of the Heiken Ashi candles on the 1 hr chart. I usually trade 2 lots, closing the 1st at the project pips and letting the last lot ride out using the Heiken Ashi candles as my exit.

Good Luck

Thanks Kalil.
I can see how what you are doing will keep the trade from going counter trend and makes for a low risk setup.

if your stop loss hit then dont enter again on that trade.