What strategy do you use when leaving the trading? Share here

I'd imagine no one has replied to this yet because it seems self explanatory but it's good that you asked because having the proper exit each and every time is the REAL SECRET of consistent profit.

Too many traders are focused primarily on the entry and not enough on the exit strategy. But the reality is you only make money when you exit on a trade.

The only answer that is 100% accurate is you should exit on price exhaustion...when the trade isn't working anymore. Obviously, that means if you stay in any longer the trade reverses on you and you end up exiting with a loss. Price exhaustion leads to those types of trade reversals turning a winning trade into a losing trade.

And the price exhaustion level will be different depending on the timeframe...so your best bet is to find a way to measure momentum. Your trades are high momentum in the beginning and then lose momentum as the market stabilizes and prepares for retraces/etc.

Also, the lower the timeframe, the faster the trade will give out...ie. "loss of momentum". You can look into MACD/stochs for exits...anything that gives you an indication of momentum.

If you exit off MACD sometimes you may end up exiting early... in case there is continuation in the move. Continuations happen more in the 4hr/Daily timeframes.

Hope that helps. Cheers!

I am using the same strategy with opening order. So far I am using support and resistent methode, so for exit I am using the closest another SR.
What trading system do you using right now?

I just use TP and then I'm done with that. Lol I suggest newbies should learn how to use TPs too. )

I use a fixed TP of about 20 pips and SL 20-30 pips. You feel much better when you control the risk