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M1 Countertrend Scalping Strategy

  • #721
  • Dec 27, 2022 9:12am Dec 27, 2022 9:12am
Quoting katman
{quote} se ve igual que con mi EURCAD, espero que tengas un SL
I go with very little risk to be able to hold the situation, in fact I am aware that this pair can give me a boost of 70-120 pips before returning
  • #722
  • Dec 27, 2022 9:18am Dec 27, 2022 9:18am
I think we need observation how price behave, for this trade I wait good rejection, than another rejections was really super sure that price will reverse
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Make your own rules and stick to it.
  • #723
  • Dec 27, 2022 9:49am Dec 27, 2022 9:49am
100$ account
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  • #724
  • Dec 27, 2022 9:53am Dec 27, 2022 9:53am
closed cycle, this gave more work but also more management learning
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  • #725
  • Dec 27, 2022 10:07am Dec 27, 2022 10:07am
Guys, you are getting better, just focus on the correct entry and exit the 20 ema until your performance exceeds 90%....
cpfleger
  • #726
  • Dec 27, 2022 10:07am Dec 27, 2022 10:07am
have to wait
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  • #727
  • Dec 27, 2022 10:16am Dec 27, 2022 10:16am
javipenjamo,
add the zz indicator (go to settings and remove the Color Red) to highlight the highs and lows, watch the zz number on the right side of the chart as this will help your Brain calculate the direction in Pips and re-save Template.
cpfleger
Attached File(s)
File Type: ex4 zigzagm.ex4   32 KB | 318 downloads
  • #728
  • Dec 27, 2022 10:17am Dec 27, 2022 10:17am
eurgbp
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  • #729
  • Dec 27, 2022 10:18am Dec 27, 2022 10:18am
Quoting cpfleger
javipenjamo, add the zz indicator (go to settings and remove the Color Red) to highlight the highs and lows, watch the zz number on the right side of the chart as this will help your Brain calculate the direction in Pips and re-save Template. cpfleger {file}
ok, thank you very much
  • #730
  • Dec 27, 2022 10:20am Dec 27, 2022 10:20am
Done for the day
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  • #731
  • Dec 27, 2022 10:22am Dec 27, 2022 10:22am
ZZ Indicator...
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  • #732
  • Dec 27, 2022 10:22am Dec 27, 2022 10:22am
RieseP,
nice one.
cpfleger
  • #733
  • Dec 27, 2022 10:30am Dec 27, 2022 10:30am
ZZ Indicator...
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  • #734
  • Dec 27, 2022 10:38am Dec 27, 2022 10:38am
Here I found it interesting because we are in resistance on h1. Is it well executed?
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  • #735
  • Dec 27, 2022 11:00am Dec 27, 2022 11:00am
That was my first day of assimilation of the system, tomorrow more and better
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  • #736
  • Dec 27, 2022 11:19am Dec 27, 2022 11:19am
Everyone is doing better, slow down and make your entries precise and close on the 20 ema. Become a process master.
cpfleger
  • #737
  • Dec 27, 2022 12:04pm Dec 27, 2022 12:04pm
Lunch time trading...
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  • #738
  • Dec 27, 2022 12:41pm Dec 27, 2022 12:41pm
Copper buying my beer today...
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  • #739
  • Dec 27, 2022 12:44pm Dec 27, 2022 12:44pm
Quoting katman
{quote} Kaboom {image}
My friend! Try using cost averaging instead of a hard stop loss. In this case the EURCAD bounced all the way back to the 50 and 200, you can be slightly wrong and still have a profitable setup, that's the whole point of the original strategy:

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You lower your risk by using small lot sizes and avoiding pairs that don't chop/bounce well enough after a breakout.
  • #740
  • Dec 27, 2022 12:54pm Dec 27, 2022 12:54pm
EMA Strategy works....
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