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Cat Fx 50 exit systems
I'd like to start a thread that focuses on exit strategies that traders using the CatFx50 system are using.
I personally have been using several things:
Pivot & S/R lines (using these as targets, if they cannot penetrate - then close the trade)
EMA 100 & EMA 120's (if they cannot penentrate these levels - then close the trade)
EMA 5 & EMA 8 cross (once the 5 and 8 lines cross on the 15 Min chart, close the trade)
I'd say that I have had low to moderate success with these.
** By low to moderate success, I mean that I always end up leaving without getting the maximum potential Pips -- or I leave after the price has peaked and cut out some of my profit by leaving too late.
What do others use?
Last edited by reemul99; 05-29-2006 at 05:57 AM.
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