Exit!! When?

One of the hardest thing when planning a trade, I believe is the exit strategy. Now, there are alot of opinions out there, using various indicators.

I came across this article abt the Chandelier Exit (I know, it sounds romantic, haha!). Basically it's using ATR (Average True Range) as guidance to time the exit and place the stop loss. Yeh, placing stop loss.

http://www.esignallearning.com/education/marketmaster/Default.asp

Have a close read of the article, as it mentioned how to tighten the stop loss as the trade goes by. Main reason being the entry date price predicts movement for the next few days more accurately and the correlation will weakens with time. Hence, constantly readjusting the stop loss will ensure profit protection and less damage.

Having said that, these strategies work well in trendind market. With the volatility currently in the market, any sound advice from the experts?