Question to those who are trading Smart Trader DP method, do you use previous days major swing pivots as DP ? most people i have seen are using RN, BRN, PLOD, PHOD and close as DP.
Please help me in formulating strategy for multiple part exit for NF.
How you guys handle multiple parts ?
i was thinking of exiting part 1 around breakeven for initial risk(less than 10 in most cases), does exiting P1 this way proves profitable in long term or should i exit it like rest of the parts only ?
How you factor market environment in exit strategy ?
Please help me in formulating strategy for multiple part exit for NF.
How you guys handle multiple parts ?
i was thinking of exiting part 1 around breakeven for initial risk(less than 10 in most cases), does exiting P1 this way proves profitable in long term or should i exit it like rest of the parts only ?
How you factor market environment in exit strategy ?
IMO exiting some lots at say 10 points every time , may not be profitable in long run , as you will then miss out in big moves. any way lots of successful NF day traders here lets see whats their opinion.