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M1 Countertrend Scalping Strategy

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  • Post #621
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  • Dec 21, 2022 9:23pm Dec 21, 2022 9:23pm
  •  cpfleger
  • Joined Jul 2015 | Status: Member | 5,327 Posts
selling...
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  • Post #622
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  • Dec 22, 2022 2:59am Dec 22, 2022 2:59am
  •  Chucun
  • | Joined Dec 2022 | Status: Member | 145 Posts
Quoting david79454
Disliked
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"...
Ignored
Hi David79454,

What indicators do you use on Tradingview to help avoid big trends?
 
1
  • Post #623
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  • Dec 22, 2022 4:10am Dec 22, 2022 4:10am
  •  Magiruss
  • | Joined Feb 2019 | Status: Member | 35 Posts
Hello to all.
Thanks for the great thread.
For my part, I want to recommend the news indicator.
He is convenient in that the news release time appears on the candlestick chart at the exact time.
Respectfully
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  • Post #624
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  • Dec 22, 2022 5:17am Dec 22, 2022 5:17am
  •  charli86
  • Joined Jan 2017 | Status: Member | 618 Posts
fast scalp, following rsi and ema 9 distance
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  • Post #625
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  • Dec 22, 2022 5:30am Dec 22, 2022 5:30am
  •  cpfleger
  • Joined Jul 2015 | Status: Member | 5,327 Posts
consistency...
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  • Post #626
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  • Dec 22, 2022 6:28am Dec 22, 2022 6:28am
  •  charli86
  • Joined Jan 2017 | Status: Member | 618 Posts
NZDUSD GBPUSD was good opportunities ,now is to late
 
2
  • Post #627
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  • Dec 22, 2022 7:15am Dec 22, 2022 7:15am
  •  charli86
  • Joined Jan 2017 | Status: Member | 618 Posts
usdchf closed -2p not good
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  • Post #628
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  • Dec 22, 2022 7:19am Dec 22, 2022 7:19am
  •  RieseP
  • Joined Nov 2016 | Status: Member | 905 Posts
Quoting charli86
Disliked
usdchf closed -2p not good {image}
Ignored
E/U good opportunity
 
1
  • Post #629
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  • Dec 22, 2022 7:21am Dec 22, 2022 7:21am
  •  RieseP
  • Joined Nov 2016 | Status: Member | 905 Posts
Quoting charli86
Disliked
usdchf closed -2p not good {image}
Ignored
I wouldn’t have exited me personally
 
2
  • Post #630
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  • Dec 22, 2022 7:27am Dec 22, 2022 7:27am
  •  charli86
  • Joined Jan 2017 | Status: Member | 618 Posts
Quoting RieseP
Disliked
{quote} E/U good opportunity
Ignored
Yeah,i made it small eu already,was not sure,usdchf did not like what price doing at all, can go much further before the drop
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  • Post #631
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  • Dec 22, 2022 7:28am Dec 22, 2022 7:28am
  •  RieseP
  • Joined Nov 2016 | Status: Member | 905 Posts
Quoting charli86
Disliked
{quote} Yeah,i made it small eu already,was not sure,usdchf did not like what price doing at all, can go much further before the drop {image}
Ignored
keep eyes on Ger30
 
1
  • Post #632
  • Quote
  • Dec 22, 2022 7:45am Dec 22, 2022 7:45am
  •  turnip15
  • Joined Sep 2006 | Status: Member | 9,927 Posts
Quoting cpfleger
Disliked
turnip, I would not take the previous sell due to NO Resistance Box, I trade support and resistance zones first... cpfleger
Ignored
Is not my arrow sitting on a resistance beginning from the high on the left of my arrow?
What makes a support /resistance for you since I see other such levels on your chart?
every Saint has a past. Every Sinner has a Future
 
1
  • Post #633
  • Quote
  • Dec 22, 2022 9:18am Dec 22, 2022 9:18am
  •  cpfleger
  • Joined Jul 2015 | Status: Member | 5,327 Posts
one pair, steady profits...
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  • Post #634
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  • Dec 22, 2022 9:45am Dec 22, 2022 9:45am
  •  cpfleger
  • Joined Jul 2015 | Status: Member | 5,327 Posts
turnip15,
your arrow is above the MAs and since this is a counter trend strategy, the MAs imply a Buy even with a few red candles as a minor pullback. The support Box is way below your arrow implying again a Buy, so we wait for the market to his the resistance Box(es) as defined by my two arrows implying a future Sell.
cpfleger
 
 
  • Post #635
  • Quote
  • Dec 22, 2022 11:46am Dec 22, 2022 11:46am
  •  Magiruss
  • | Joined Feb 2019 | Status: Member | 35 Posts
My first day of training
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  • Post #636
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  • Dec 22, 2022 12:59pm Dec 22, 2022 12:59pm
  •  josh1111
  • | Joined Nov 2022 | Status: Member | 590 Posts
Quoting david79454
Disliked
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"...
Ignored
I too was disappointed with the 1% strategy and even went through learning to program EA's only to see it fail backtests and front tests and drain real dollars from my account. Well at least I am not the only one that went through all of that. I am feeling a lot more confident with the EMA strategy though. If it keeps going well with manual trading I might start programming an EA for the EMA strategy as well. If the KOF's EMA strategy ends up being what makes me a consistently profitable trader I really have no reason to be sour about the 1% not working for me.
 
1
  • Post #637
  • Quote
  • Dec 22, 2022 1:04pm Dec 22, 2022 1:04pm
  •  josh1111
  • | Joined Nov 2022 | Status: Member | 590 Posts
Quoting charli86
Disliked
{quote} :-) He’s very good, seems he can enter market in every condition, got really good feeling of the market... As Cpfleger mentions, a lot of stuff is in his videos and i watched a bunch of them almost all ... Do you think his 1% strategy is worth purchasing, i already made refined a system a bit to work for me like RieseP mention above....
Ignored
I bought the 1% strategy and was disappointed after working with it intensely for a month and even programming an EA to run it perfectly.
Backtests failed. All of KOF's videos he uses the EMA Counter trend strategy we are discussing here.
 
1
  • Post #638
  • Quote
  • Dec 22, 2022 2:55pm Dec 22, 2022 2:55pm
  •  charli86
  • Joined Jan 2017 | Status: Member | 618 Posts
Quoting josh1111
Disliked
{quote} I bought the 1% strategy and was disappointed after working with it intensely for a month and even programming an EA to run it perfectly. Backtests failed. All of KOF's videos he uses the EMA Counter trend strategy we are discussing here.
Ignored
Thanks Josh,i suppose it is like you said...
 
1
  • Post #639
  • Quote
  • Dec 22, 2022 2:57pm Dec 22, 2022 2:57pm
  •  charli86
  • Joined Jan 2017 | Status: Member | 618 Posts
My lap top died today, using wife small mac,lucky I got mt4 backup...Kof said, unbeatable ,next time will trade pair with smaller spreads....
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  • Post #640
  • Quote
  • Dec 22, 2022 3:41pm Dec 22, 2022 3:41pm
  •  RieseP
  • Joined Nov 2016 | Status: Member | 905 Posts
Like CPFLEGER, i have my own version. I happy to take losses. always think if you was trading a £500,000 account. The two losses on AUD/USD was a capital recovery trade. opening postions to recoup the losses on bad entries and come out with slight profit on trade. Dont be trigger happy with postions. Because you wil need to send in extra soliders to help with troops in trouble. Dont be greedy. Wait for the best set-ups.

Counter-trending can be lethal in the wrong hands. So having a strategy for capital perservation is just as important to making money
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