M1 Countertrend Scalping Strategy

20 EMA targets are everywhere...

How many 20 EMA targets are there daily???

waiting !!!

There are A TON of 20 EMA hits every day, and a lot of 50 EMA hits in the M1 TF as well!

Thanks for helping and sharing your knowledge with us

Lets do it! ..

Countertrending the GBPJPY is scary! Let us know how it goes.

Closed on profit ..
but it took a long time because I missed some recovery zones.

Well done! Practice makes master.

I'd say that trading at least 200 setups is good enough for statistical significance and confidence in knowing what the usual performance looks like for that instrument.

Performance is King, practice with focus and discipline to reach 90% of hitting 20 EMA even if its small profits, this build confidence and self motivates you daily, its achievable... cpfleger

Opportunities are everywhere...

Focus and discipline is very important as he says.
But managing losses is also, this is where management becomes vital since the positive paths are very small.
cpfleger can indicate when it turns against how it manages the output in that small percentage that does not return to the average?
If it's in the answered thread I haven't seen it, thanks for sharing.

Good morning!

And here we go!

amrhamdy,

nice one, build that confidence upwards and let the money flow. cpfleger

gerval,
can you provide a countertrend chart that shows the price action never returning to the 20 EMA?
I have never seen one.....
I await your evidence for the community can see and learn.
cpfleger

The beauty of small profits, eventually you will have enough to buy yourself a Beer or two...

Perhaps the translation was not exact, I am not saying that the price will never return to the average, it will always return. They are those cases in which the entry does not touch the average and the price continues, touching it later but in losses.
That is what I mean, if it exits when the price closes above the entry, if it closes when the color candle changes again, if it waits for the price to return to profit, if it makes re-entries again...
I ask because you have been using his system and you have a trained eye and experience with it.
A simple example like the one in the photo (any strong movement with almost no setbacks), which the extension of the price, the indicator and the color of the candlestick could have given us input, observing how the price continues without touching MA.

amrhamdy,
just a comment or two, the more Indicators the more eye distraction. keep it simple and clean, less is best, I have an excuse - old age. cpfleger