This is my live trade for EUR/NZD, Daily chart, which I exited just now. By just looking at the chart, we can see that this may only be a retracement and the probability of price going up again is still high. For years I have been using Heikin Ashi as one of my exit indicators. Looking at my other two exit indicators, they are all saying to exit. Even though I still don't like to exit my trade, I just have to follow my setup to the letter. Looking back, my exit indicators have saved me from losing many times. Often my exit indis saved me when price consolidates or saved me from the long boring wait until price continues to move forward again. Sadly, my exit indis doesn't give me maximum gains but only saves me from losing further pips which I should be thankful for. If I use example Moving Average Crossover to exit, I may be in for a longer wait if price consolidates and worst, could give me more lesser profit after the line crosses.
Anyway, this trade was a win so no point for me to complain :)
So if I were you, maybe it's also time to exit and re-enter when price starts moving up again :)
Anyway, this trade was a win so no point for me to complain :)
So if I were you, maybe it's also time to exit and re-enter when price starts moving up again :)