My trading recipe is a combo of Ichimoku, Guppy and Stochastics with Fibonocci Retracement thrown in for extra seasoning. I have (generally) dialed in a pretty good entry process based on support levels and Fib Retracement.
I am having major challenges in building a good exit strategy. I have had numerous positions where I would have 100-200 pips in profit and want to just exit for the purpose of locking in those profits, but I don’t want to close my winning positions. As such, when they invariably pullback I end up losing 50% of the gains, get stopped out then the position goes on it’s merry way making profits again.
With all of this, it has really messed with my mental state around which time frame to trade and how to use multi-time frame strategies.
1H is too stressful for me, but I keep feeling pulled to that level to “find a trade”,
4H seems like it is the gateway drug to the 1H for me but it “calm” enough that I can go about my day and not have to check my screens all the time.
1D is where I am most calm.
1W is wayyyyy to slow.
Any ideas, thoughts, questions or suggestions?