[Anonymous]

I struggle with this one.

My sensei uses WRB's to scale out of positions. That is, as partial profit taking opportunities. WRB's represent changes or shifts in supply/demand. They also are support and resistance zones created by the market itself.

I however, must stay true to my own belief system. I believe in surrendering to the market, in following it. In mirroring it. I am partial to the idea of staying in the trade as long as the market will let me.

Taking a profit at a profit target is about what I want and it is trying to predict the future when it is not necessary to do so.

I believe the amount of profit that can be realized by staying in a market that trends beyond expectations, will more than offset those times when the market takes you out at a lesser amount than had you exited at a target.

WRB are created by the market itself and are thus superior to mathematical targets however.

Because of what WRBs can be, I am more inclined to move a trailing stop to just below the most recent WRB. This way one is using the markets own information to manage the trade while refraining from unnecessary prediction and speculation.