The 10 and the 100 sma's are just a visual guide to the trend but I will use them as s/r sometimes too. The main plan is to get trades to break even and let them run as far as possible. I like breakouts but I will also trade pullbacks to support provided the trend is in place. I'm trading everything long at the moment because despite the last couple of days of selling off the environment is generally recovery/up trend at the moment. If that changes I will be quick to take profit on anything still open and watch and wait. For exits I will trail up behind market structure so when a low is in place I will put the stop behind that. I've looked into a lot of different mechanical exit methods over the years and I like the look of waiting until the 100 sma actually turns down (I use a 30 day lookback on the ma for the colour change which smooths out a lot of the chops) but that can give back quite a bit if price turns around quickly and keeps going down. If price drops below the 100 sma then I'd consider getting out depending on how much support was below it. In some ways my total approach is still evolving but I have the foundations in place from experience. I will keep posting all the time there is anything interesting to post.I don't, however im really interested to see how you do. Good luck and do keep it up..
would you care to share what you're looking at, which seems to be a break of resistance, and with the MAs on the chart, clearly looking for confluence of MAs heading in the right direction. what's your exit criteria if you dont mind me asking?