
092: Dario Mofardin – Observing the Whole Board, Building a Body of Evidence, Swinging at Fat Pitches
Chat With Traders
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How to Determine Your Exit Points
If I see a small degree five-wave rally on say an hourly chart or a four-hourly chart, then I know that the bigger picture trend has changed and I can start to add to the position. The exit is basically where at the start of the trade, I kind of know where my entry, my risk, and where my exit point are. So my exits are predetermined. But I'll take the majority of my profits at my initial targets based on Elliott wave rules and Fibonacci extensions and so forth.
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