M1 Countertrend Scalping Strategy

Quoting niks

Disliked

{quote} thanks for the support and am looking forward to sharing my experience with trading the KoF EMA yes, ideally we want to avoid tough trends, and we should do our best to do so, however we will get caught in more than one and dealing with it in the right way is critical to the development of this strategy here's a follow up to the tough trend i'm currently in, i missed the entry on the previous swing lows, if it gets there or lower again i will take another entry, the exit plan is based purely on price action at this stage, margin is still...

Ignored

Quoting MichaelSch

Disliked

{quote} Why that so early trade long? If you take trendlines in account you will see that the first trades in red circle would be not taken. I know is not part of the original, but i look also for that. Another hint is you take buy trades so fast and do not wait enough for building space between the ema. It is a waiting game. {image}

Ignored

Quoting MichaelSch

Disliked

How about to compound positions that are in positive? No one here? Keep in background every succed compounding will buy you more space if things going against you in future trades.

Ignored

Quoting RieseP

Disliked

{quote} Wow. Some Risk. You and your wife trade the same or completely different. here goes me! I trade by entering my first open position and if price gains traction I add position. so I will only average UP - once. After that I will add position every 10 pips averaging down. Using BRN. I will max open 6 average down positions and if price reaches the 7th close all positions. Or if reaches 3% of my capital. I am backtesting on individual pairs but always looking to hear people advice in ways to improve. Futhermore- my recovery trades are designed...

Ignored

Quoting niks

Disliked

{quote} thanks for the feedback, yes, most certainly using the original without variation other than having to be a lot less aggressive due to very restrictive leverage of 30:1, so i'm unable to work out of a tough trend at the pace i'd like, ideally within a couple of hours, i've had to accept it will always take a lot longer, i was also trying to get into one to demonstrate how i would handle it, so here it is timing of orders and leaving gaps for risk management requires development, the initial gaps look close relative to the large swing but...

Ignored

Quoting niks

Disliked

{quote} thanks for the support and am looking forward to sharing my experience with trading the KoF EMA yes, ideally we want to avoid tough trends, and we should do our best to do so, however we will get caught in more than one and dealing with it in the right way is critical to the development of this strategy here's a follow up to the tough trend i'm currently in, i missed the entry on the previous swing lows, if it gets there or lower again i will take another entry, the exit plan is based purely on price action at this stage, margin is still...

Ignored

Quoting charli86

Disliked

{quote} Niks,how it is going, au seems start to recover

Ignored

Quoting niks

Disliked

{quote} well, it is still going, here is a tough choice to take profit and refill or wait to break this high just a little bit more to close all orders?! {image}

Ignored

Quoting charli86

Disliked

{quote} Right now price rejected nicely , can go more down from now and then go back up....What do you think?

Ignored

Quoting niks

Disliked

{quote} right now, i think i've been in the spa long enough, my skin is getting wrinkly! commission covered plus small profit, good enough, tp's will get hit, just wasn't sure when and its bedtime! i hope that helps anybody wondering how i handle tough trends, let me know if you have any questions, i have plenty of examples like this, i will dig one up when i first started where i was almost margin called a bit later tough trends can be VERY rewarding as this one may have turned out if i wasn't paying so much attention to it, the more you look at...

Ignored

Quoting cpfleger

Disliked

The bottom line.... {image}

Ignored

Quoting cpfleger

Disliked

but it paid off... {image}

Ignored