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Dropping down to lower time frames for exit has served
well. I use time frames that are separated by a factor
of 3.
Example: entered trade on 45 minute. When it is
possible to lower stop to break even, switch to 15
minute. If price moves substantially in favor of the
trade, switch to 5 minute. If it comes to a "boil"
lower stop using 1 minute.
Dropping down to smaller time frames enables the trade
to take profits.
Thoughts?
Sauve
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