M1 Countertrend Scalping Strategy

Gents,
this screenprint will probably cause a few comments but it meant to open your eyes only, there are numerous ways to Trade, so dont be argumented, be open minded.
The screenprint is here to show you the difference in TF's as they will cause your brain to be confused, so again I will support Oliver Veliz / Kof in saying - pick a TF and stick to it because we are scalping people, not intraday or swing trading.

Please review the differences between the 3 TFs as risk is really defined as the amount of TIME you want the Market to hold onto your hard earned MONEY before your close the trade in profit or loss, nothing more or less (sorry youtubers). Your biggest weakness you must overcome is when we have DRAWDOWN (RISK), your emotions will kick in and guess what - you will be upset. You must get stronger and accept Drawdown is part of trading, start with the smallest Lot size to your Balance, one position per trade until you perfect the performance goal (90% plus), do not leap frog or ignore this message.
cpfleger

Please refer to this https://www.forexfactory.com/thread/...7#post14253377

Gents,
until you meet the performance goal, there is no reason to talk about lot sizing, so do not think about money yet, Master the Process first, money grows after performance meets the process, thats the Law.

Days and maybe weeks need to go by before we can go to the next step, sorry but this is the way Humans learn, through process steps (first you stand as a baby, then you crawl, then you walk, then you jog and then you run - you CANNOT change the process), sorry its a Factoid.
cpfleger

Gents,
this your Business, treat like a Business, and if you never owned or ran a business, then Yell...
Commission and Swap fees are expenses, you will pay them, so quit fighting it, accept this factoid, even when you have a 6 figure account you will pay something as expenses....other Platforms that are not free like MT4 / 5 will cost you even more expenses, so be happy.
Gross = profit or loss (P&L Statement)
Expenses = fees paid
Net Profit = after expenses and transferred from your Broker to your Bank

Open a spreadsheet and start acting like a professional Trader even if you have Hedge Fund (FTMO / Trading Edge, etc.) accounts - its a Business.
Get ready for your Business.
If you want to be a Trader then act like a Business Person. Think local but act Global.
cpfleger

Wednesday opportunities have started...

Excellent! Thank you dear cpfleger Could you please also share the RSI settings for this strategy? My best regards!!

Performance leads to profits..

ross.d
attached.
cpfleger

Silver anyone...

You know you want to Master this trading technique....

Cpfleger, you are the man. Thank you for the sup demand indicator and other settings. This will definitely help ALOT of people. Surely will help me.

Chucu,
as the KoF would say = thank you for the kind words...
the sun is up and its time to play outside....
cpfleger

Thanks for sticking around and for being so open with what you have learned cpfleger it is much appreciated.
Watching KOF trade has always blown me away as he seems to be the best I have seen anywhere. Seeing how you have improved upon his strategies seems to really dial it in more for people that aren't expert traders. I was pretty disappointed after buying and practicing his 1% strategy intently to not find success but I think you have shed some light on it for me. A really a big part of being successful with KOF strategies is being very keen on when to apply each strategy.
Your RSI crossover confirmation really helps a lot.
Thanks again and looking forward to more success secrets from the ex NASA Rocket Scientist.

Indeed, I am learning and made USD 7 stand-alone after your guidance and yesterday's session with King (aka KOF). Special mention, Abade for starting this thread and leading the path. Many thanks to both cpfleger and Abade!!

KoF is Live:



Mimic to learn the basic premise/feel:



9 EMA crossing the latest entry level = open a new position (don't go crazy with the entries).

Thanks for letting us know KOF is live!

I dont think i could trade anything else. It be like cheating.

Nice profits! This one chops all day long: