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In some cases the exit can be an entry; for eg., in the case of a
reversal signal. But, only in some cases, because, long-term trend
changes are not that frequent and it is not generally advisable to go
against the long-term trend. In such cases, price action is the
effect not the cause for the movement. The real cause is the
fundamentals driving the movement.
In short-term trading (going against or with the long-term trend),
one can reverse you position making an exit and reverse at the same
time, but such short-term trading involve high transaction costs and
frequent slippage, that in real-life makes them unattractive.
Of course, everyone is aware that the trend depends on the trader's
preferred time-frame in the trade. For me, the preferred time-frame
is the "Daily" as opposed to the "Weekly" and "Monthly".
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, "Pal Anand" <palsanand@xxxx> wrote:
>
> --- In amibroker@xxxxxxxxxxxxxxx, "duke.jones" <Duke.Jones@xxxx>
> wrote:
>
> > However, price action is always the ultimate ruler in exits and
> risk management.
> >
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