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Old 10-22-2007, 12:22 PM
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Re: Position Management Strategies

"last quarter is left to run and I have 3 or 4 exit criteria to look for"

Keymoo,

I use a very similar system with my trading of YM. I'm using 5 min charts so set my targets a bit higher and I'm only trading 2 contracts. 15 pt stop, moved to BE+1 once first target hit. Target 1 is 20 pts, Target 2 is based on 3 exit criteria for the running contract. I use pivots, a 50 pt trailing stop in case market really takes off and get volatile then I'm not using just the pivots for exit, and trendline break is my third sell signal. I draw tighter and tighter trendlines which then tightens the exit.

Seems to work for me.

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