Recently I have noticed an increase in "good" trades taken on a 10 min time frame in the eminis that ultimately go in the direction and target price i am looking for but unfortuneately i have been getting prematurely stopped out due to incorrect stop loss limit. i.e.- my stops are too tight. I have read about using Wilders Parabolic indicator as an exit strategy . USE the parabolic to set a stop loss when entering the trade. Does anyone use the parabolic for this use or has anyone tried using it unsuccessfully?? THANK YOU
The parabolic indicator tightens the stop the more the position trades in your favour. I have used it before but dumped it in favour of trend analysis and previous support and resistance zones.