Chapter 1 · Chapter 1 - Introduction to the System, Risk Management, FAQs
Multi-format
Trend Loss
1 min read · 142 words
When do I consider a trend lost?
It's a personal approach, you can adapt this as much as you want so it can fit your risk management.
Personally I consider a trend lost when
- ●Close (on the Time Frame of preference) below 10-30 EMA (or whatever your preference is to show short term trend),
- ●Retest from below and rejection.
A recent good example of I manage trend retests has been BTC/USDT D1.
Initial plan was to long a retest of $60,000-62,000 area, confluence of horizontal + D1 trend.
It ended up being lost, and the way I reacted
- ●Instantly de risked after first daily close below this confluence
- ●Waited for retest from below of the D1 trend + 59/60k confluence
- ●De risked/exited more on rejections at this level (while taking scalps in between to reduce loss).