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M1 Countertrend Scalping Strategy

  • #1,041
  • Jan 3, 2023 12:23pm Jan 3, 2023 12:23pm
Elsaloon,
if my memory serves me, the Black Line implies a change due to new data but I have not used this element of this Indicator over the past few years as I like it in a basic view.
cpfleger
  • #1,042
  • Jan 3, 2023 12:29pm Jan 3, 2023 12:29pm
Down the rabbit hole we go. How far does it go?
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  • #1,043
  • Jan 3, 2023 12:49pm Jan 3, 2023 12:49pm
Quoting josh1111
Down the rabbit hole we go. How far does it go? {image}
That's THE question with cost averaging IMHO. We need to find a way to manage these types of runaways, it doesn't matter what type of entry is used, they'll happen eventually.

Does the full EMA strategy mention something we are missing here on this subject?
  • #1,044
  • Jan 3, 2023 12:53pm Jan 3, 2023 12:53pm
Today's result and eight days of training
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Click to Enlarge Name: 8 dienas prof.png Size: 36 KB
  • #1,045
  • Jan 3, 2023 12:56pm Jan 3, 2023 12:56pm
Quoting Magiruss
Today's result and eight days of training {image} {image}
Nice Seems you used stop loss?
  • #1,046
  • Jan 3, 2023 1:00pm Jan 3, 2023 1:00pm
Quoting Magiruss
Today's result and eight days of training {image} {image}
what’s your reasons to close a position on a loss? Is this just averaging to B/E
  • #1,047
  • Jan 3, 2023 1:04pm Jan 3, 2023 1:04pm
Quoting josh1111
Down the rabbit hole we go. How far does it go? {image}
The start of this trend looks more manageable with extreme entries and exits on the 9 EMA instead of momentum:

Attached Image (click to enlarge)
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I think Cfleger's approach works best in the M5 timeframe (there is no entry signal yet in the M5):

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Quoting Magiruss
Today's result and eight days of training {image} {image}
Congratulations! This looks very good Magiruss!

Could you show us a few of your trades and money management examples?
  • #1,048
  • Jan 3, 2023 1:07pm Jan 3, 2023 1:07pm
Getting pretty deep and dark down here guys.
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  • #1,049
  • Jan 3, 2023 1:09pm Jan 3, 2023 1:09pm
GBPUSD Madness!
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  • #1,050
  • Jan 3, 2023 1:14pm Jan 3, 2023 1:14pm
Quoting josh1111
GBPUSD Madness! {image}
I think your platform or data is bugged, it looks like this here:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 58 KB


Edit: NVM Your platform didn't download any data between december 30 and today, that's why you see this big jump.
  • #1,051
  • Jan 3, 2023 1:20pm Jan 3, 2023 1:20pm
Closed it all for a couple hundred profit.
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  • #1,052
  • Jan 3, 2023 1:51pm Jan 3, 2023 1:51pm
Quoting Abade
{quote} I think your platform or data is bugged, it looks like this here: {image} Edit: NVM Your platform didn't download any data between december 30 and today, that's why you see this big jump.
Thanks for the insight. I was just trying to download more history for it.
Probably didn't set the date right.
  • #1,053
  • Jan 3, 2023 2:04pm Jan 3, 2023 2:04pm
Guys, this RSI Divergence Indicator may help with counter trend points.

Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 366 KB

cpfleger
Attached File(s)
File Type: ex4 rsima + baseline (divergence + alerts + arrows).ex4   93 KB | 465 downloads
  • #1,054
  • Jan 3, 2023 2:07pm Jan 3, 2023 2:07pm
MTF with SR Zones version...
cpfleger
Attached File(s)
File Type: ex4 rsima + baseline (mtf + divergence + alerts + arrows + zones).ex4   110 KB | 594 downloads
  • #1,055
  • Jan 3, 2023 2:13pm Jan 3, 2023 2:13pm
Quoting cpfleger
Guys, this RSI Divergence Indicator may help with counter trend points. {image} cpfleger {file}
This looks good mate
  • #1,056
  • Jan 3, 2023 2:13pm Jan 3, 2023 2:13pm
Quoting cpfleger
MTF with SR Zones version... cpfleger {file}
I'll check it out. Thanks again.
  • #1,057
  • Jan 3, 2023 2:19pm Jan 3, 2023 2:19pm
11 positions in on EURUSD. The market doesn't want to let me quit for the day.
Patiently waiting to at least breakeven and call it a day.
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  • #1,058
  • Jan 3, 2023 2:24pm Jan 3, 2023 2:24pm
Closed it all for a mere ~$50 profit.
That's a wrap for me today guys. Very happy with a $800 day.
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  • #1,059
  • Jan 3, 2023 2:24pm Jan 3, 2023 2:24pm
Quoting cpfleger
Guys, this RSI Divergence Indicator may help with counter trend points. {image} cpfleger {file}
Thanks for sharing my friend!
  • #1,060
  • Jan 3, 2023 2:31pm Jan 3, 2023 2:31pm
Quoting josh1111
Closed it all for a mere ~$50 profit. That's a wrap for me today guys. Very happy with a $800 day. {image}
$800 Monopoli Money
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