How did you decide when to trail your stop? With multiple entries and multiple contracts per entry it seems like a lot of possible permutations. What you did makes total sense but curious how provisional those decisions were.
I'd say most of the time, after I get my initial target, I use prior bar lows (PBL). The reason being: on a smaller timeframe that's the first sign structure is breaking. My initial target is opposing supply/demand...or where the "other team" last showed themselves Price pauses, then expands. I find PBL the easiest way to capture most of the move during the expansion phase. And some days, if you're lucky, PBL might keep you in for a large move. Like on Nov. 4 on the ES - by simply trailing PBL on that down move you would have captured 75% of the days price movement Hope that helped!
How did you decide when to trail your stop? With multiple entries and multiple contracts per entry it seems like a lot of possible permutations. What you did makes total sense but curious how provisional those decisions were.
I'd say most of the time, after I get my initial target, I use prior bar lows (PBL). The reason being: on a smaller timeframe that's the first sign structure is breaking. My initial target is opposing supply/demand...or where the "other team" last showed themselves
Price pauses, then expands. I find PBL the easiest way to capture most of the move during the expansion phase. And some days, if you're lucky, PBL might keep you in for a large move. Like on Nov. 4 on the ES - by simply trailing PBL on that down move you would have captured 75% of the days price movement
Hope that helped!