Hi All

I understand that both of these exit techniques require that you do not over leverage your account and they are not particularly main stream stop loss techniques , but never the less they are both acceptable statagies if used correctly.

As part of my own trading I trade the 1 minute chart and scalp the market for only 4-7 points and as a result have a high success rate, I only trade with the trend. What I then do is if the trade goes against me, at approx 30-40 pts I hedge the trade usually EURUSD and pass the trade to my 15 minute trending system, which I also use to determine the trend direction, so it works quite nicely. I then trade the 1min lossing trade back into profit on the 15 minute trending until in profit then close it.

Does anybody else use any similar sort of egy or does everybody view it as to much of a risk, I think it would be great if we could discuss this.

I have also considered using Averaging down my position and trading it into a profit that way, but obviously slightly more risk involved, good money money management is a must for this for form of exit, I have considered using both.

If anybody uses or has an opinion on either of these methods I would love to here your views?

Happy Trading
.