Re: Exiting an uptrend
Trailing Exits. I use Hawkeye Trend+Stops b/c it flattens and gives the market space when the trend pauses.. Something like Parabolic will keep trailing tighter and exit during a normal correction (with most settings).
Alternatively, you can use targets based on swings and swing ratio analysis/fib projections or measured moves.
For intraday, you can look at the Average Daily Range (5), this can be projected from likely hi or lo at beginning of session and give you an idea of maximum reasonably expected range for the day. I suppose that could be extended or contracted to other time periods. |