felt like writing this post because
1. I saw some people took longs yday
2. many people gave up their shorts much earlier
been there done the above ... so sharing some thoughts
whatever your system you should have an intraday trend indicator ....it could be 5min 20ema or 15min 8ema or 15min ama or VPs etc
2nd you should have SL criteria 5ama or 5min 8ema or mp etc
for strong vertical moves maybe you can have another agg SL criteria like 2 bar, 2ema etc
once that is there then we should
1. stick to that .....like if on short side then no longs
2. no exits before aggSL
these help to ride a trend especially one that comes in afternoon after a morning sideways as it is then a failed attempt to go in the other direction.
as you may have guessed my aggSL is 2ama SL 5ama and trend 15ama. some SD levels also I will use if these far away