Experimental Scalping

[weed 10]

 

longs

 

1. above 50 MA

2. above breakout candle's high

3. above open (01:00 EST)

4. volitile market hours

5. stop 1 pip below breakout candle

6. no more than "X#" candles after breakout candle

7. only trade with "X" candlestick color

 

breakout refers to demark trendlines

 

X refers to something i am thinking about and will update soon

 

money management

 

"X%" acct risk each trade

stop to breakeven OR 1/2 off table at 1:1

 

haven't worked up an exit strategy yet, but i will have one posted in the next day or so

 

 

i'm posting this to keep myself accountable i would love criticism fire away

newscalp.txt

[weed 10]

woulda been stopped on that one. hard to tell where the stop would have been. possibly at b/e maybe closer.

 

as i practice i'll be able to tell because my risk and exit strategies will hopefully be more defined