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M1 Countertrend Scalping Strategy

  • #541
  • Dec 19, 2022 1:05am Dec 19, 2022 1:05am
Nice input here. Because im getting older i trade a similar method with focus not only closing trades at one day.
For those who are have more trouble to the entry point, i watch candles not HA. If you have wicks on both sides will give a clue momentum is about loosing steam.
Perfection is the enemy of good enough!
  • #542
  • Dec 19, 2022 3:18am Dec 19, 2022 3:18am
quick scalping for 8pips
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Make your own rules and stick to it.
  • #543
  • Dec 19, 2022 3:59am Dec 19, 2022 3:59am
Simple scalping....
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  • #544
  • Dec 19, 2022 7:54am Dec 19, 2022 7:54am
Go go ema 9
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Make your own rules and stick to it.
  • #545
  • Dec 19, 2022 8:08am Dec 19, 2022 8:08am
My purpose is to get more experience and feel the market, for now, is going nicely ...
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Make your own rules and stick to it.
  • #546
  • Dec 19, 2022 8:20am Dec 19, 2022 8:20am
Hello, just joined this thead
Studying
Thanks a lot to all, especialy Abade and cpfleger
Cheers
  • #547
  • Dec 19, 2022 9:35am Dec 19, 2022 9:35am
took the plunge, open a Traders Edge free trail just to support KoF's EMA Strategy and first days Profits attached, 29 more days to go...
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  • #548
  • Dec 19, 2022 10:16am Dec 19, 2022 10:16am
Been a while guys.
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Leave the Gun, Take the Armani
  • #549
  • Dec 19, 2022 10:51am Dec 19, 2022 10:51am
In a shitty situation now.
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But i just need to the floating loss to drop below $12.41 profits which i have already banked to flatten out my day.
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Leave the Gun, Take the Armani
  • #550
  • Dec 19, 2022 11:09am Dec 19, 2022 11:09am
Quoting cpfleger
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...
Hi Cpfleger,
Thanks for the feedback. I am pretty familiar with the KOF Full EMA strategy. Have been using it for a while. Your entries are more precise so that is why I was curious.
  • #551
  • Dec 19, 2022 12:28pm Dec 19, 2022 12:28pm
cliffjaded,
you like to longer trades than what was KoF's original intent.. you should have exited within 5 candles on the entry, waited for the reversal and sold again, keeps the stress and risk down.
cpfleger
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  • #552
  • Dec 19, 2022 12:28pm Dec 19, 2022 12:28pm
Chucun
the 6 LWMA Shifted 2 is more precise for my bad eyes.
cpfleger
  • #553
  • Dec 19, 2022 12:34pm Dec 19, 2022 12:34pm
Quoting cpfleger
cliffjaded, you like to longer trades than what was KoF's original intent.. you should have exited within 5 candles on the entry, waited for the reversal and sold again, keeps the stress and risk down. cpfleger {image}
Yeah i forgot to mention those earlier trades were taken on the M5 chart (i didn't check the timeframe) then i switched to M1 chart so the entries don't make sense for the first 2 trades.
Leave the Gun, Take the Armani
  • #554
  • Dec 19, 2022 12:39pm Dec 19, 2022 12:39pm
next victim, TE Trial 50k...
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  • #555
  • Dec 19, 2022 1:44pm Dec 19, 2022 1:44pm
Final push.
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Leave the Gun, Take the Armani
  • #556
  • Dec 19, 2022 6:31pm Dec 19, 2022 6:31pm
pre setup trade....
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  • #557
  • Dec 19, 2022 9:05pm Dec 19, 2022 9:05pm
Kept the trade running overnight (i was at night shift at work). Switched to M15 timeframe to larger TF mean reversion to recover the losing basket. Just as I closed in profit, the price pushed much higher as I suspected it would (just as i predicted, traders!). Sigh. Oh well. All baskets from yesterday closed for net profit of $30.44.

$1000 balance, starting with 0.02 lots.

I'm going to see if a basket starts to lose heavily as the trend moves strongly, perhaps switching to higher TF mean reversion might be a good way to mitigate it.
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Leave the Gun, Take the Armani
  • #558
  • Dec 19, 2022 9:44pm Dec 19, 2022 9:44pm
reverse time for JPY
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  • #559
  • Dec 19, 2022 9:59pm Dec 19, 2022 9:59pm
In a similar trade USDJPY as well. Now it is a waiting game. Patience is the key.
Big returns as KOF would say.
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  • #560
  • Dec 20, 2022 4:08am Dec 20, 2022 4:08am
AU quick,plus some of my observation
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Make your own rules and stick to it.
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