M1 Countertrend Scalping Strategy

4th trade got stopped out.... 2 winners and 2 loosers.

5th trade...

Forex tick volume has been proven to 90% accurate compared with futures true volume..Tick volume is a rock part of my trading. It is very difficult to read but once you are able to interpret it it gives you a big hedge on the market

i'm not confident enough yet to trade with trend like this live, still running them on demo and sim - how did the audusd counter trade go?

It took my TP at first attempt.. little profit but still profit...

Big red candle.. it's time to close

profit is profit for sure, gu looking good, even better when you close, nicely picked

5th trade got stopped out...

Cpfleger
Wish SL_Distance_Percent do you use ?

Elsaloon,
100.0% (1 to 1 Risk to Reward) as instructed by Abade as a Test.
cpfleger

[quote=cpfleger;14283991]Elsaloon, 100.0% (1 to 1 Risk to Reward) as instructed by Abade as a Test. cpfleger[/quot
Thank you

6th trade teaser...

would you have closed on ema200 at a loss if it got there?

have you had any tough trades or losses or can you please show how you handle them?

I was too much sure that ptice would have gone down to close at ema200...but of course anything depends from my live analysis.. if I have bias that I am wrong then I accept the loss.. but after my long experience this is a very rare case..


I am long on UJ at the moment

thanks, you know very well when to hold and when to fold - and more importantly when to take a loss by the sounds of it

uj looking good atm, the hardest part for me with this style is when to take profit, i just saw big bullish candle, is that now a sign to exit?

Big candle at the beginning af a trend is a sign of strongness.. big candle at the end of a trend means that traders are taking profits

ok, i just saw another big one after that sideways, which was engulfed then engulfed again, so i guess your still holding which looks like a good choice, i would still struggle to know when to take profit, but i'd probably take it now as it tops out, i feel like i'm losing if i wait for return to ema's

shooting star... time to close

ok, thanks, starting to get it now, sounds like a variety of reasons to trigger take profit, in this case a clear price action signal triggers take profit

Scalping with leverage is an art not a science... you have to evaluate many things at each moment and make the right decision according with your analysis. There are no stricted rules or anything like monkey's trading where you simply push the button when you see the colored arrow appearing. It is very difficult to master but when you get there trading will become boring. Be a trader is a tough career and you need to apply yourself seriously and with discipline. The hard part for me was to accept losses but once I understood that losses cannot always be avoided everything changed.. If you take a trade based on several factors and you realize that those factors are no more on the fields just close it and go on with your trading journey. With time you will be more precise day after day and at one point you will suddenly become profitable.. This will take time but this will be the better spent time in your working life.. I am not here to teach anything but when I saw this thread I felt that I had to show you that you were doing the job in the wrong way.. as you can see from my posts the best profits come riding the trend and nor reaching the emas. Keep working on this and you will get it.