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M1 Countertrend Scalping Strategy

  • #8,701
  • Jul 31, 2023 7:02am Jul 31, 2023 7:02am
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I haven't come this far to only come this far !
  • #8,702
  • Jul 31, 2023 8:00am Jul 31, 2023 8:00am
M1 EUR scalps - money in the middle!
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every minute matters!
  • #8,703
  • Jul 31, 2023 8:17am Jul 31, 2023 8:17am
Quoting Amiraven
{image}
tough trend and well traded amiraven, always be cautious shorting gold and silver!
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every minute matters!
  • #8,704
  • Jul 31, 2023 8:29am Jul 31, 2023 8:29am
Quoting niks
{quote} tough trend and well traded amiraven, always be cautious shorting gold and silver! {image}
That's right , Thank you !
I haven't come this far to only come this far !
  • #8,705
  • Jul 31, 2023 8:37am Jul 31, 2023 8:37am
Usd/Jpy New York Session
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  • #8,706
  • Jul 31, 2023 8:57am Jul 31, 2023 8:57am
Eur/Jpy
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  • #8,707
  • Jul 31, 2023 9:57am Jul 31, 2023 9:57am
M1 EUR scalps - just a few more!
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every minute matters!
  • #8,708
  • Jul 31, 2023 11:43am Jul 31, 2023 11:43am
Quoting niks
M1 BTC scalps - very slow, very tight but got there in the end! {image}
My friend, amazing trades as always, that exit in particular is simply sublime.

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  • #8,709
  • Edited 12:52pm Jul 31, 2023 12:17pm | Edited 12:52pm
Quoting niks
{quote} finally, a trader that makes sense! thanks for sharing Abade, truly inspirational! technically, it is countertrend scalping with cost averaging and no stop loss so i think this thread suits it just fine, especially the risk management side of it, i think we can all learn something from that!
I was thinking that hedging + cost averaging may be a superior risk control approach, especially when we consider all these strong trends and runaways that are bound to happen unexpectedly.

I also like that this trader is actually showing his face and not hidding secrets behind a paywall. As a matter of fact, the whole strategy is explained in a single free video:

Inserted Video


I believe this risk control structure may change the original KoF a bit too much, so it should be expanded/tested in a new thread in my opinion.

I am also interested in reading everybody's experiences and thoughts of this hedging approach.
  • #8,710
  • Jul 31, 2023 10:48pm Jul 31, 2023 10:48pm
M1 GBP countertrend scalps - warming up!
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every minute matters!
  • #8,711
  • Jul 31, 2023 11:20pm Jul 31, 2023 11:20pm
Quoting Abade
{quote} I was thinking that hedging + cost averaging may be a superior risk control approach, especially when we consider all these strong trends and runaways that are bound to happen unexpectedly. I also like that this trader is actually showing his face and not hidding secrets behind a paywall. As a matter of fact, the whole strategy is explained in a single free video: https://www.youtube.com/watch?v=1wyOkEeZ34c I believe this risk control structure may change the original KoF a bit too much, so it should be expanded/tested in a new...
after seeing the way this guy explains it and from my own recent experience, i would agree - i no longer sit idle when a trade goes wrong, i just continue to work my way out of it making profits along the way!

it'd be great to see this guy trade a live session like KoF, only problem is he runs higher timeframes, i believe his risk control is aligned with KoF's full version of the ema strategy where remedial action is taken once a trade is proven wrong, the nature of that action may differ but both are aiming for the same result of always achieving a breakeven or small loss at worst by the end of it... and both are able to withstand deep drawdowns...

your right though, the way this guy does it is more involved and has a lot to consider, mostly positive...

i don't think we see enough examples of how other traders are dealing with deep drawdowns - so whether we see it in this thread or some other, i'd be more than happy to contribute!
every minute matters!
  • #8,712
  • Aug 1, 2023 1:04am Aug 1, 2023 1:04am
Positive Swaps can play a part in drawdown and have used it many times over the years mxn gold jpy just to name a few , but the big thing with drawdown is peoples inability to cull the trade , i do 99% scalping i do not do longer term trades anymore no need to

Swaps for the interest rate long term is a different form of trading but that's another story unto itself
people leave, but this thread will go on for ever
  • #8,713
  • Aug 1, 2023 1:42am Aug 1, 2023 1:42am
Quoting Aussi
Positive Swaps can play a part in drawdown and have used it many times over the years mxn gold jpy just to name a few , but the big thing with drawdown is peoples inability to cull the trade , i do 99% scalping i do not do longer term trades anymore no need to Swaps for the interest rate long term is a different form of trading but that's another story unto itself
hey aussi, you completely changed my perspective on swaps, since then, i have actively used them to my advantage rather than to my detriment due to ignorance, so thanks for that! even with scalping i still get trapped every so often, but i no longer care if it's a positive swap position!

i can't recall seeing you hedge any of your trades, do you use it at all?
every minute matters!
  • #8,714
  • Aug 1, 2023 2:05am Aug 1, 2023 2:05am
Quoting niks
{quote} hey aussi, you completely changed my perspective on swaps, since then, i have actively used them to my advantage rather than to my detriment due to ignorance, so thanks for that! even with scalping i still get trapped every so often, but i no longer care if it's a positive swap position! i can't recall seeing you hedge any of your trades, do you use it at all?
and thats a plus for you mate , well i will take a hedge if its short term gain niks , its a hard one because i do take the ups and downs all the time
people leave, but this thread will go on for ever
  • #8,715
  • Aug 1, 2023 3:05am Aug 1, 2023 3:05am
Quoting cpfleger
Godwin Igili, Please screenprint the system on a Gold Chart with your preferred TF and I will investigate the CCI possibility. cpfleger
Hello mr cpfleger, I want to learn system you talk on Naked Trading With HA Handles thread plz
Can you help me please?
Now I work with a system almost similar to yours, but it has problems
As I am a new member, my private message is limited
How can i contact you mr cpfleger ?
  • #8,716
  • Aug 1, 2023 5:12am Aug 1, 2023 5:12am
maxfx678.
Leave your email address on the other FF Forum please.
cpfleger
  • #8,717
  • Aug 1, 2023 5:17am Aug 1, 2023 5:17am
Hi everyone

I will be posting my trades here. got a small live account... dont get the feel of live trading.
started with $1000 and with rookie mistakes got it down to $890.
I will using lot size 0.01 and will try to scale it back to $1000 before I increase my lot size.

I have been reading this forum from start.... fast forwarded in the end lol.

Friends guide me in this journey of becoming a better trader. It is learning process. excuse my stupid questions in advance. looking forward to you all
  • #8,718
  • Aug 1, 2023 5:52am Aug 1, 2023 5:52am
Quoting mbfx
Hi everyone I will be posting my trades here. got a small live account... dont get the feel of live trading. started with $1000 and with rookie mistakes got it down to $890. I will using lot size 0.01 and will try to scale it back to $1000 before I increase my lot size. I have been reading this forum from start.... fast forwarded in the end lol. Friends guide me in this journey of becoming a better trader. It is learning process. excuse my stupid questions in advance. looking forward to you all
Best of luck to you!
  • #8,719
  • Aug 1, 2023 6:10am Aug 1, 2023 6:10am
Quoting mbfx
Hi everyone I will be posting my trades here. got a small live account... dont get the feel of live trading. started with $1000 and with rookie mistakes got it down to $890. I will using lot size 0.01 and will try to scale it back to $1000 before I increase my lot size. I have been reading this forum from start.... fast forwarded in the end lol. Friends guide me in this journey of becoming a better trader. It is learning process. excuse my stupid questions in advance. looking forward to you all
My advice is do not think about increasing lot size from 0.01 if you not double account that way. Highly dangerous to trade this style with such small account and be new to this method. Print it out and place in the near so you can ever see it!
Perfection is the enemy of good enough!
  • #8,720
  • Aug 1, 2023 10:43am Aug 1, 2023 10:43am
Quoting cpfleger
maxfx678. Leave your email address on the other FF Forum please. cpfleger
thank you mr cpfleger , I wrote my email in Trade Explorers on my profile
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