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Hi
When entering in a TR, lets say in an H2, sometimes the prices moves up fast and we are happy to take quick profits, buy there are times when you enter that it creates some kind of Micro TR in the lower part of the TR and does not go up inmediatelly.
Here I have the doubt of whether to be patient and wait, or to exit in Breakeven. So my question is, when you enter in a TR and the price stands still and does not move in your direction soon, what do you recomend? To exit in Breakevent or just to wait?
Thanks
Javier.
Hi Javier,
Al discussed this issue here: https://www.brookstradingcourse.com/ask-al/time-stops-al-brooks-approach/
If the market is not acting as you expected when taking the trade (for example if it enters a tight trading range as you describe), it is better to exit.
