Used my many successful traders, when a candle closes below the 21MA we will exit any bullish/long positions
Momentum indicators can also be a valuable tool to coincide with closes below the 21MA on shorter time frames as they may indicate a whipsaw instead of a true reversal in price action
Look for closes below the previous candle to exit
Look at volume/effort of the candle
Look for large spokes in volume on weak candles
Use previous areas of support and resistance for quick exits
Avoid setting your stop loss immediately at your resistance/support
If you can see it, so can everyone else
Learn to move your stop loss as price moves in your favor
Use previous candles as profit taking points or exits
1 - inside candle
2 - takes out a high or low of the previous candle
3 - engulfing candle (we want to target 2's and 1's that will hopefully turn into 3's
Taking out highs and lows is the struggle between buyers and sellers agreeing on a price