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Old 04-15-2007, 02:33 AM
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kolachi kolachi is offline
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Hi,
I usually quote myself as below:
"Entry saves your capital and exit makes you rich."

Hence, exit is very important.In Kolachi Method we exit when wma5 changes slope but it is not an easy condition.It needs a lot of experience and homework to get accustomed to it.We use different tools like ema, Bollinger Bands, different timeframes, MACD to confirm that move is finished or a major retracement is coming which will undo our earlier gains.We exit market to re enter at more better place and to preserve hard earned pips.

kolachi
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