Trade management
The prior-extreme decision, breakeven, trailing, and profit-taking rules.
Begin with the Range Model: two setups and two targets. This page gives supporting detail or an entry-method reference within that map. Its method-specific conditions apply when you choose that method.
First decision point
- Long: prior high.
- Short: prior low.
Rejection, a lower high in a long, or a higher low in a short may justify breakeven or exit. Clean breaks may justify staying with the move and trailing.
Trailing references shown in the live session
- a large completed 5-minute candle
- a newly formed PTB
- the 10/20 moving-average area
- the 50 SMA when the declared plan is a larger hold
No single reference always wins. The source leaves management case-specific.
Profit objectives
- 2R is a good scalp.
- 2R to 4R can be enough to end the day.
- 5R may be available when structure offers room.
- Strong extension away from the 20 SMA is a scalp profit-taking condition.
Continuation and adds
Later clean PTBs may continue the active move while the 10/20 momentum structure holds. Any add must still pass the account's combined-risk rule.
The current source does not require a specific opposite pattern as the final exit. It also does not define fixed partial quantities or one universal trailing formula.
Final technical exit
Module 01 uses a confirmed opposite Step 3 as the final technical exit for any remaining position. Earlier protective stops and account risk limits still apply; this condition does not authorize exceeding the initial risk.