Need help to overcome my greed

[torero]

5-tick bar???? Let me just say that you're on your way to overtrading, if you're not already. If this hasn't hit you already, need to step back and use higher frames. This is hyper-scalping. Anyway, just an opinion.

As for your exit strategy based on screen-shot, since this is a fast in and out trade, as soon as you see a red bar or 2 consective red bars, signifying the up momentum is over, get out. I wouldn't use indicators, period. It's lagging, you'll get out too late if you do. Price action should be your guide. Good luck.

[januson]

torero, thanks for your input.

I use a screen setup of 55minutes, 987 seconds, 233 seconds and 5-tick. I use the 233 sec to watch for setups. The 55minutes and 987sec are for the trend and the 5-tick is when I'm in a trade.

[brownsfan019]

	Quote:	januson
	torero, thanks for your input. I use a screen setup of 55minutes, 987 seconds, 233 seconds and 5-tick. I use the 233 sec to watch for setups. The 55minutes and 987sec are for the trend and the 5-tick is when I'm in a trade.

Wow... interesting arrangement of chart settings there.

All the best to you jan! Let us know how it goes.