Support & Resistance Trailing http://www.21-trading-systems.com/exit5_n8GfE3wZq_im7gbvXse.

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Support & Resistance Trailing http://www.21-trading-systems.com/exit5_n8GfE3wZq_im7gbvXse.html

With this exit strategy we are going to use the most recent areas of
support and resistance.

Looking at the screenshot above we see both the long and short entries
highlighted, with the blue lines and the red lines indicating where the
support and resistance points are.

The first trade (number 1) is a long entry and the stop-loss order would
be placed at the support areas where the red lines have been drawn on
the price chart. The strategy here is to keep moving the stop-loss order
up to the new support areas as the price makes a pull-back before
continuing on its upward journey. The first move would have reduced
the risk associated with the trade and the next move would have locked
in some profit. The last move would have locked in 300+ pips – an
extremely rewarding trade compared to the initial risks.

The second trade (number 2) is a short entry, and at the moment this
trade is just slightly in a negative position, but this is it still a very
favourable trade and the stop-loss order is in an excellent place of
resistance (red line).

This style of trading (of using this exit strategy) can produce some really
big winners at times. The trick is to keep it tight when the market is in a
period of consolidation (non-trending) and then ride the market when a
strong trend is in place.

end

My teaching style is a little back-to-front from that considered normal, as

the actual entry is the last part in my sequence of importance.

The Plan
Money Management
The Exit

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The system

www.21-trading-systems.com is a complete trader`s guide.

You must remember a trading system is a component part of a trading

plan and by having a structured, short, medium and long-term plan in
place your chances of wealth building will greatly increase.

Warmest regards

David Curran & (21-Trading-Systems Team)

Helping people to understand how to trade

P.S. If you have any support issues with any of these 21-exit-strategies
please email them to Support@21-trading-systems.com

quoting reference {Exit _ _} number of the exit strategy.

We aim to answer all support enquiries within 24 hours

Disclaimer & Warning

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Disclaimer
Forex Commodity Futures and Stock speculation is not without risk, please note that no method of trading is foolproof or
without difficulty. There is risk of loss trading any financial product. All the trading systems and trading methodologies
presented in this book are for traders educational purposes only and do not constitute investment advice. You must be
aware that there are risks in any type of trading.

The writer and publisher of this book is not a licensed financial advisor and no part of this document or associated
documents is to be construed as a recommendation to “buy” or “sell” any investment. The information given in this book was
researched as thoroughly as possible however the writer and publisher take no responsibility for any inaccuracy, omissions
or mistakes nor accepts liability as a result of actions arising from it. The reader/purchaser has no connection to the
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checking the legalities of any action undertaken by them.

Whilst every effort has been made to ensure the accuracy of the information in this book the author does not accept
responsibility and will not be held liable for any loss of profit or capital, directly or otherwise as a result of using the
information presented. The opinions expressed are those of the author who is acting in good faith in accordance with
extensive research.

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All rights reserved. First published in 2011

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