Hi all,
was just wondering about when to get out of an intraday trade when price moves against us after the entry ( 5 min TF) : So when would we call a setup like HnS or double top etc. has been invalidated? Depending on price, time or some other factor? No doubt all the TA books tell where you should place your stoploss, but am aiming at active trade management to minimize the loss. Would seniors please throw some light on it? Or point to some resource?
Regards
Krist.
was just wondering about when to get out of an intraday trade when price moves against us after the entry ( 5 min TF) : So when would we call a setup like HnS or double top etc. has been invalidated? Depending on price, time or some other factor? No doubt all the TA books tell where you should place your stoploss, but am aiming at active trade management to minimize the loss. Would seniors please throw some light on it? Or point to some resource?
Regards
Krist.