its funny, now that I think about it, holding time is all determined by the market, I used to hold a trade for the sake of holding a trade, not knowing what the heck I'm looking for or why.
Now I see why I am holding a trade for longer time.
I have yet to get to the section of trade management if the price retraces, but I am moving my stop just above the last swing high on the 5 minute. And by swing high, I mean using the 3 bar confirmation to reduce the risk.
I don't have a solid exit rule in place besides, T1 getting hit as there is no reversal signs in place but have given back 15+ ticks, maybe using the volume spike is a good rule if no reversal pattern.
Upon using the 3 bar swing confirmation, there is no swing high on the 5 minute based on that rule. So I'm still short, in the past, I would have been stopped out @ 3710 as that is where I would have put my stop cause it looks like a "swing high".
