M1 Countertrend Scalping Strategy | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

strategy builder/tester for new scalping strategy 1 reply

1M & 5M Scalping System (Scalping Paradise) 21 replies

Reversals vs. CounterTrend Trade 28 replies

CounterTrend Trading 58 replies

Attachments: M1 Countertrend Scalping Strategy
Exit Attachments

M1 Countertrend Scalping Strategy

  • #521
  • Dec 17, 2022 11:34pm Dec 17, 2022 11:34pm
@Abade
With the sup dem indicator from Cpfleger, if I see a support or resistance box and the arrow appears it also let me know that this is a valid zone, it may be broken, we never know until it happens. The price usually retraces after the arrow forms. Sometime it goes higher or lower but eventually it will retrace.
  • #522
  • Dec 17, 2022 11:40pm Dec 17, 2022 11:40pm
As you can see, it usually retraces or reverses after the arrow. There might be a similar indicator that is free that produces similar results.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 104 KB
  • #523
  • Dec 18, 2022 12:12am Dec 18, 2022 12:12am
Quoting Chucun
As you can see, it usually retraces or reverses after the arrow. There might be a similar indicator that is free that produces similar results. {image}
Not exactly a fan of arrows, I'd prefer an oscillator or non-repainting band, unless I know how the arrow is calculated.

I find it really hard to feel comfortable around "black box" indicators.
  • #524
  • Dec 18, 2022 1:38am Dec 18, 2022 1:38am
Quoting xoy
BTCUSD 1min.. sell every current candle higher then prev candle high... take profit as soon as possible. {image}
Welcome Xoy! Feel free to share your trades and variants of the KoF system.

Let us know how it goes in the BTC, good luck!

Edit: I wish price always looked like this (chop, chop, chop that tree):

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB
  • #525
  • Dec 18, 2022 1:54am Dec 18, 2022 1:54am
Quoting Abade
{quote} Not exactly a fan of arrows, I'd prefer an oscillator or non-repainting band, unless I know how the arrow is calculated. I find it really hard to feel comfortable around "black box" indicators.
I don't rely on it to take a trade. It's not there to sway my decision. I take my setups with price action, I usually look at every candle movement through the chart and make my decisions based on candle formation and volume in the market, distance from the EMAs, and if there are supports or resistances to left. If it forms when I take my trades it's just another small psychology builder. But Cpfleger's indicators are interesting because they may improve my timing with the strategy. That is why I am going to continue taking my trades as i would but evaluate the HA candles as I take them and see if the HA candles would improve my entries, 5-15 minutes after the trade was executed.
  • #526
  • Dec 18, 2022 2:12am Dec 18, 2022 2:12am
Quoting Chucun
{quote} I don't rely on it to take a trade. It's not there to sway my decision. I take my setups with price action, I usually look at every candle movement through the chart and make my decisions based on candle formation and volume in the market, distance from the EMAs, and if there are supports or resistances to left. If it forms when I take my trades it's just another small psychology builder. But Cpfleger's indicators are interesting because they may improve my timing with the strategy. That is why I am going to continue taking my trades as...
Cpfleger definitely does a good job with his indicators, and it shows in his results . I believe HA candles may be helpful to exit unproductive trades where price stalls and then continues with the trend.

Best regards! Hope you make amazing/profitable discoveries.
  • #527
  • Dec 18, 2022 6:58am Dec 18, 2022 6:58am
Gents,
the best way to learn scalping is to focus on the MAs especially the 9 and 20 EMAs as these two are your entry and target lines. The type of candles may assist you as a Trader in reducing the risk factor as KoF uses normal candlesticks but has years of pattern experience which most Traders do not, the HA Candles are averaging candles and allow your Brain through your eyes to relax (in my opinion as I am not a Doctor). Scalping is a focused process and requires alot of trader discipline but the benefits of having money in your account daily out weighs any disadvantage.

Each Trader must find his / her trading system, KoF is based on MAs and has been around since the 60's in many industries before the financial markets, so it has years of development. Because of my age, I needed a better entry and exit mechanism and I looked for many hours to solve my aging issue, but if you add the the supdem Indicator and zoom inwards you will see the Rectangle Box start to paint vertically on a Candle and you can start to see the entry or exit timing begin, when in doubt always zoom inwards and watch the Market talk to You....The Market cycles everyday because its based on human emotions.

Practice on a very small demo account and perfect those entries and exits, Lambo's are just toys for boys but performance is for Kings.
cpfleger
  • #528
  • Dec 18, 2022 7:04am Dec 18, 2022 7:04am
example of scalping...
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 95 KB
  • #529
  • Dec 18, 2022 8:18am Dec 18, 2022 8:18am
Quoting cpfleger
example of scalping... {image}
what do you find best timeframe to trade? I believe the 1m to reach 21ema more successful but obviously less profit to make.
  • #530
  • Dec 18, 2022 8:36am Dec 18, 2022 8:36am
RieseP,
Play with the 1 and 5M TF's and let your eyes tell you which is better for You. I prefer the 5M TF due to my eyes only but I have used both is the past and have calculated statistically which is better for my trading style...1m is quicker for entry but will also give quicker reversals, the 5M is slightly later entries but usually a little more profit, but either one is good, just find a TF and stick to it or it will confuse your brain cells. No Best answer until You find your solution. KoF says 1 or 5M for scalping.
cpfleger
  • #531
  • Dec 18, 2022 9:40am Dec 18, 2022 9:40am
Quoting cpfleger
RieseP, Play with the 1 and 5M TF's and let your eyes tell you which is better for You. I prefer the 5M TF due to my eyes only but I have used both is the past and have calculated statistically which is better for my trading style...1m is quicker for entry but will also give quicker reversals, the 5M is slightly later entries but usually a little more profit, but either one is good, just find a TF and stick to it or it will confuse your brain cells. No Best answer until You find your solution. KoF says 1 or 5M for scalping. cpfleger
how do you manage loosi by trades that you don’t think will make a recovery? I know abade spoke on this but could give a more in-depth strategy towards loosing trades
  • #532
  • Dec 18, 2022 9:55am Dec 18, 2022 9:55am
Quoting cpfleger
Abade, I have been waiting for a while to see if anyone would discuss the King of Forex strategy and I have been using this system for over a year with very good results. I have added a few Indicators for my old eyes and methodology and am proud to say It Works daily. I amaze my friends with scalping the Market everyday especially us retired folks. So, keep going forward and enjoy. cpfleger {image}
Thats me !
every Saint has a past. Every Sinner has a Future
  • #533
  • Dec 18, 2022 10:30am Dec 18, 2022 10:30am
Hello to all,

First of all, thank you and again thank you for creating this thread.
I've been following KoF for many years now and I'm convinced that his strategy works and this thread is a great morale booster.
At the very beginning, I really didn't know if he was a hustler or not, the only thing that made me say no was the fact that he was doing live games regularly and that he never lost!
That's what kept me hoping.
So for several years now I have devoted my days to trying to practice straigy and especially trying to find a way not to get "stuck" in the big trends. Because indeed the strategy can make you earn a lot of money quickly until the day you find yourself in this huge trend and the price does not return until very late on the EMA 50 for example and you have already lost -70% of your account.
I also tried to develop an EA to trade his "1%" strategy, after hundreds of euros spent paying developers (see thousands) I never got any results and that demoralized me.
Today I dedicate myself only to the "EMA strategy" and I use several indicators on tradingview allowing me to avoid the big trend or the price comes back only very late on the EMA.

I have just read the entire 27 pages of discussions and I am more than grateful to see finally a communication around this strategy.
  • #534
  • Dec 18, 2022 10:42am Dec 18, 2022 10:42am
Quoting cpfleger
example of scalping... {image}
Hi Cfleger,

Sorry If I am asking again, but just wanted to make sure I am clear when you enter in this case you presented earlier. When will you enter this trade; at 1 or 2 highlighted on your screenshot (as that candle opens or when it ends)? Do you only enter after the sup dem box starts to form/paint and it crosses below the 9EMA or 6EMA shifted?

One last question, you use a 6EMA shifted 2 vs the 9EMA, what is the reason for using the 6EMA shifted for HA candle? Does it equate to the 9EMA?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 179 KB
  • #535
  • Dec 18, 2022 11:50am Dec 18, 2022 11:50am
Quoting ausar
{quote} Checkout Cedar FX they have no commissions and tight spreads and you can load and withdraw with crypto. They are valid I've done real withdrawals with them. Works for me because I can use nft/ crypto money and move it around
CedarFX does not have "tight spreads"
  • #536
  • Dec 18, 2022 3:29pm Dec 18, 2022 3:29pm
Quoting RickJames300
{quote} CedarFX does not have "tight spreads"
I disagree man i dont ever have a issue with spreads however if you have a better recommendation im sure we would all like to hear it. Thanks
  • #537
  • Dec 18, 2022 4:46pm Dec 18, 2022 4:46pm
Chucun,
the KoF EMA Strategy is based on 9, 20, 50 and 200 EMA's, please use this strategy firstly to gain confidence in your ability and do not follow mine as my version is tuned to my eyes as I have said numerous times, I am old man.

To answer your question, once the candle starts to open under the 9 EMA, open a sell trade and set your SL a few pips above the resistance Box above the previous candles. Allow the trade to go downwards but remember the 3 candle Rule and watch the length of the candle Box (if it goes longer that means more volume (money) and if it starts to decrease in length that means its loosing volume (money) and you can exit with a profit. Do not ever think you can walk away when scalping.
cpfleger
  • #538
  • Dec 18, 2022 4:50pm Dec 18, 2022 4:50pm
see attachment..
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 329 KB
  • #539
  • Dec 18, 2022 5:01pm Dec 18, 2022 5:01pm
Kaaaaabbbboooooooom.
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 400 KB
  • #540
  • Dec 18, 2022 9:08pm Dec 18, 2022 9:08pm
Sunday trading...
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 276 KB
23 traders viewing now