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M1 Countertrend Scalping Strategy

  • #1,361
  • Jan 10, 2023 5:57am Jan 10, 2023 5:57am
Quoting chhico
{quote} Start with simple things... price needs high volume to move.. movements with low volume are fakes...
ok, thank you, so looking at your current trade on usdjpy, you are still holding because the retrace was lower volume and you now set stop on ema200 or have you closed already?
every minute matters!
  • #1,362
  • Jan 10, 2023 6:02am Jan 10, 2023 6:02am
As showed above I closed on the 20ema because of the difficulties that price was facing at the top of the movement (this is also a key resistence level). Now I am long on GU
  • #1,363
  • Jan 10, 2023 6:08am Jan 10, 2023 6:08am
Quoting chhico
As showed above I closed on the 20ema because of the difficulties that price was facing at the top of the movement (this is also a key resistence level). Now I am long on GU
yes, thank you, sorry i missed your post closing the trade - is your long gu a counter trend trade? also sorry if i'm distracting you...
every minute matters!
  • #1,364
  • Jan 10, 2023 6:27am Jan 10, 2023 6:27am
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waiting for my profit
  • #1,365
  • Jan 10, 2023 6:35am Jan 10, 2023 6:35am
Quoting chhico
{image} waiting for my profit
congratulations for your profits!!!
every minute matters!
  • #1,366
  • Jan 10, 2023 6:48am Jan 10, 2023 6:48am
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and after that is time to trend
  • #1,367
  • Jan 10, 2023 6:54am Jan 10, 2023 6:54am
Quoting chhico
{image} and after that is time to trend
now i'm starting to see the picture... you are very generous, thank you
every minute matters!
  • #1,368
  • Jan 10, 2023 7:01am Jan 10, 2023 7:01am
12 winners and 1 loss, half way.
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  • #1,369
  • Jan 10, 2023 7:04am Jan 10, 2023 7:04am
13 winners and 1 loss, I love Trading.
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  • #1,370
  • Jan 10, 2023 7:13am Jan 10, 2023 7:13am
Abade's EA entry points are excellent - 14 winners and 1 loss.
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  • #1,371
  • Jan 10, 2023 7:22am Jan 10, 2023 7:22am
Process mastery....
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  • #1,372
  • Jan 10, 2023 7:39am Jan 10, 2023 7:39am
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Volume down... time to take profit
  • #1,373
  • Jan 10, 2023 7:45am Jan 10, 2023 7:45am
chhico,
so there is loads of trading opportunities, yes sir.
cpfleger
  • #1,374
  • Jan 10, 2023 7:46am Jan 10, 2023 7:46am
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another beer for me
  • #1,375
  • Jan 10, 2023 7:46am Jan 10, 2023 7:46am
Quoting chhico
{image} Volume down... time to take profit
you picked it at the perfect time, well done!
every minute matters!
  • #1,376
  • Jan 10, 2023 7:50am Jan 10, 2023 7:50am
now I'll take a little rest waiting for the FED speech and acting accordingly. You always have to take news into consideration during your trading journey.
  • #1,377
  • Jan 10, 2023 7:55am Jan 10, 2023 7:55am
Quoting chhico
now I'll take a little rest waiting for the FED speech and acting accordingly. You always have to take news into consideration during your trading journey.
you deserve it! feel free to share your insights into how you handle news events
every minute matters!
  • #1,378
  • Jan 10, 2023 7:57am Jan 10, 2023 7:57am
Performance is King. 15 winners and 1 loss.
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  • #1,379
  • Jan 10, 2023 8:03am Jan 10, 2023 8:03am
Pennies make Pounds.
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  • #1,380
  • Jan 10, 2023 8:08am Jan 10, 2023 8:08am
Quoting Olarion1975
{quote} KoF will simply open a new demo account and do the same thing again . He does not really trade live anyways, his income is based on selling his "systems"...
Yeah, Oliver Velez is EMA done right, both as trend and counter-trend trading, and has way more interesting things to say.
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