IamJon

using an example of 4 contracts taking 2 off pretty quickly (just below swing high or a close above SMA(5), or maybe an overbought signal on an oscillator such as RSI or CCI) and moving stop loss up to half what it was or just a tick or two below nearest support or swing low... again subjective depending on the circumstances... then take off 1 contract if it hits the 23.6% extention of the measured swing on entry.... that leaves a balance of 1 contract to trail or set to full 100% extension of pattern or measurement of trade swing... again subjective on trailing method... sometimes i'll use micro swing lows (1600 or 400 tick chart), or a 1.5 ATR(5) trail or a a tick or two below an MA like the 5 or 20.... also i'll look at pivots, or key market levels like the open, yesterdays OHLC levels and also globex AH levels HL... major MA's like the 20, 50, 200... trend-line support/resistance... etc.