Regardless of your entry method, after you open a position the next few bars are critical. You can save some bucks by getting out before your stop is hit, if you can recognize that the trade doesn't look like a winner. Example: NihabaAshi wrote last week about trading hammers: if the next couple bars have long upper shadows, that's a sign of resistance and a heads up to bail out. My question for the group is: what kinds of go/no go criteria do you have for this critical time? For one method i'm looking at, it seems like for most of the winners, the next two bars close in the direction of the trade. So when I trade it, if that's not the case, i'll bail.