Trading Plan Position Sizing

If a trend trade is on its often difficult to get back in once the first target is hit.
So today for example we had GBPUSD and NZDUSD short. Both had 5 targets, and after the first target prices retraced more than 50% so a very volatile market.

In such cases I think it pays off more to exit

• 1/3 of the position at target 1 or 2 (usually at the first Decision Point Area)
• 1/3 of the position at target 3
  
• 1/3 of the position at target 4 (often at a decision point area from a higher timeframe)

Or if you are not clear if the trade will be a day/swing or position trade:

• 1/3 of the position at the 15 Min Decision Area
• 1/3 of the position at the 60Min Decision Area
• 1/3 of the position at the 240 Min Decision Area

What makes also sense is looking at yesterdays ranges and if its a trend continuation trade and not a breakout then dont expect a larger range and therefore exiting at 1 measured move.