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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Teresa Lo who wrote (941)6/21/1999 10:44:00 PM
From: shasta23  Read Replies (2) of 18137
 
HI IP!

Observed some sessions in your chatroom...great stuff!
But regarding 2b's and holy grail setups: was wondering about exits in these cases or targets if you prefer that term?
And you always mention that it's important to let your winners run to improve the risk-reward matrix. So if a trade originally is set up on a 5min scale do you let it run into a longer time frame if it keeps going? An example would be a 2b setup(short) on 5min scale and then it crashes through the low after breaking the uptrend line. Do you just let it run? Any clarification would be really appreciated!

Thanks for offering all these insights...

Stefan
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