Signs to Exit

The technical analysis system comes with everything you need to time the perfect exit:

Take Profit & Stop Loss Levels

  • Three take profit levels and a stop loss level are automatically generated for each buy/sell signal.
  • If your trade goes below the stop loss level or above any of the take profit levels, that’s typically a good time to consider taking profits or cutting your losses.

Caution Candles and Dots‍

  • Yellow candles and caution dots can indicate the current trend is slowing down or changing.
  • If you start to see multiple yellow candles or caution dots, that’s typically a good time to consider taking profits or cutting your losses.

Trend Changes

  • ‍Signs of an opposite trend or a change in trend are worth evaluating.
  • For example, if you’re in a long position, consider taking profits or exiting a position when you see sell signals, bear caution dots, or bear trend reversal diamonds.
  • If you’re in a short position, consider taking profits or exiting a position when you see buy signals, bull caution dots, or bull trend reversal diamonds.

Look for the above signals to determine the best time to take profits or exit a position.

You can also create swing alerts to be notified of any change in trend, which would be a good time to take profit or exit completely.

Remember to stick to your trade plan and keep emotion out of the process.

 
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