I am sure that each of you have your own system in place for how you manage an ongoing trade (long or short). For me, I typically use a 5 minute chart with a 3 day horizon – once I have entered the trade.
For an example of what I am watching in a trade, here is current chart on my screen of GS (Goldman Sachs Group Inc) in a 5 minute timeframe with the 20 Simple Moving Average applied:
You may notice the interesting volume pattern at the end of each day recently. Certainly worth noting (yellow TL drawn at the bottom). Although my trailing stop was tight and was taken out (good job Stop Hunters), I did manage to scale out several partials before the balance was hit.
Now bring on Thursday.