you do not know to exit point / exit position where? okay this thread will discuss about how to hold position as maximum as possible. if you have entry entry diakar / under trend, then please just hold position so that apply trendline breakout. while it's worth my thread trip to enter a rooted position by getting to know the changing trend.
a trendline line is very helpful for traders to understand the market situation is still in a state of trending or going to make a reversal. while still trending, we just hold position. how to know the true reversal is to see the happening trendline already breakout. then when the trendline is break, we close the position that follows the previous trend. the example below is about the market in uptrends and how to exit the market when the uptrend is over:
uptrend example:
If a trader still hesitates determining the point of pointing to a trend increase, use the zigzag indicator. then the rounded dibopu is starting with a low zone, and so on High, low, higher high and higher low (L, H, L, HH, HL, HH)
step:
- label a series of trends ie H, L, HH, HL. (Using zigzag indicator or if skilled not necessary
- outline a line of trenches at the tangent point / vertex two as in the picture.
- if there is a break, then immediately close the position
that's just the way to get an idea of how to get the exit point properly so that it can hold a profitable position as shown in the picture for the usdchf pair of 500 pips.