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M1 Countertrend Scalping Strategy

  • #741
  • Dec 27, 2022 11:06am Dec 27, 2022 11:06am
The result of today's training day.

And, a total of three days of training
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  • #742
  • Dec 27, 2022 11:11am Dec 27, 2022 11:11am
Quoting Magiruss
The result of today's training day. And, a total of three days of training {image} {image}
Amazing performance my friend. Equity line is moving in the right direction (up) with a very low DD, that's all we need in the long term
  • #743
  • Dec 27, 2022 11:28am Dec 27, 2022 11:28am
Quoting Magiruss
The result of today's training day. And, a total of three days of training {image} {image}
Good performance. Are you be willing to share your money management? How your way to cut loosing trades, how far you let trades run?
This far more important as the entry.
Perfection is the enemy of good enough!
  • #744
  • Dec 27, 2022 11:29am Dec 27, 2022 11:29am
Quoting Magiruss
The result of today's training day. And, a total of three days of training {image} {image}
Nice one boss..!!
Okechukwu Jacob.C.
  • #745
  • Dec 27, 2022 11:58am Dec 27, 2022 11:58am
Quoting Abade
{quote} 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: {image} You lower your risk by using small lot sizes and avoiding pairs that don't chop/bounce well enough after a breakout.
Abade all my trades would be losers with hard stop loss and no averaging. Stop loss are tool used to profit the brokers.
  • #746
  • Dec 27, 2022 12:11pm Dec 27, 2022 12:11pm
Quoting RieseP
{quote} Abade all my trades would be losers with hard stop loss and no averaging. Stop loss are tool used to profit the brokers.
That's why some people call them the "death of a thousand cuts", brokers and banks love when traders use them.

A hard stop loss only makes sense when trading breakouts.
  • #747
  • Dec 27, 2022 4:15pm Dec 27, 2022 4:15pm
trading time again.
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  • #748
  • Dec 27, 2022 6:15pm Dec 27, 2022 6:15pm
E/J looks nice
  • #749
  • Dec 28, 2022 1:30am Dec 28, 2022 1:30am
Two trades this morning,audcad traded 6 positions, target reached ema200
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Make your own rules and stick to it.
  • #750
  • Dec 28, 2022 4:36am Dec 28, 2022 4:36am
1 pair for 8 hours, you can do this people....
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  • #751
  • Dec 28, 2022 4:46am Dec 28, 2022 4:46am
And the Fun continues;
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  • #752
  • Dec 28, 2022 5:07am Dec 28, 2022 5:07am
Jan 23 Bills paid today in 1 day... master the process.
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  • #753
  • Dec 28, 2022 5:51am Dec 28, 2022 5:51am
Eurchf looks good, but price has to fall a bit more I would say
Make your own rules and stick to it.
  • #754
  • Dec 28, 2022 5:59am Dec 28, 2022 5:59am
charli86,
good call.
cpfleger
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  • #755
  • Dec 28, 2022 6:03am Dec 28, 2022 6:03am
DAX Lovers...
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  • #756
  • Dec 28, 2022 6:06am Dec 28, 2022 6:06am
An odd Pair - usd chinese Yuan...
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  • #757
  • Dec 28, 2022 6:13am Dec 28, 2022 6:13am
Scalping is FUN...
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  • #758
  • Dec 28, 2022 6:22am Dec 28, 2022 6:22am
DAX paid off...
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  • #759
  • Dec 28, 2022 6:24am Dec 28, 2022 6:24am
Quoting cpfleger
charli86, good call. cpfleger {image}
Cpfleger,
I took some pips, price may explode ,but we got our targets ...
Make your own rules and stick to it.
  • #760
  • Dec 28, 2022 6:26am Dec 28, 2022 6:26am
Agree....another 8 Pips... pennies make pounds.
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