M1 Countertrend Scalping Strategy | Page 79 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

strategy builder/tester for new scalping strategy 1 reply

1M & 5M Scalping System (Scalping Paradise) 21 replies

Reversals vs. CounterTrend Trade 28 replies

CounterTrend Trading 58 replies

Attachments: M1 Countertrend Scalping Strategy
Exit Attachments

M1 Countertrend Scalping Strategy

  • #1,561
  • Jan 13, 2023 1:47am Jan 13, 2023 1:47am
UJ

I took this trade earlier, my target was the 20 ema. I thought if price does not reach the 20 ema with this pull back and break the low (pin bar/wick) I would close. If not I would have been in a potential downtrend.

Next time I would sell after I close.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 62 KB
Click to Enlarge Name: screenshot.png Size: 35 KB
  • #1,562
  • Edited 2:27am Jan 13, 2023 2:13am | Edited 2:27am
Quoting Chucun
UJ I took this trade earlier, my target was the 20 ema. I thought if price does not reach the 20 ema with this pull back and break the low (pin bar/wick) I would close. If not I would have been in a potential downtrend. Next time I would sell after I close. {image} {image}
it was a late entry, there was very small profit potential - i also notice the downtrend prior to your entry was strong with increasing volume, therefore decreasing volume at that point would indicate a weak pullback when you entered, however, it wasn't strong enough to net a profit - the best thing about this trade is you pulled out when you did, otherwise you would of been heavily averaged down and working hard to recover it.

and yes, perfect opportunity to sell and catch the trend, i am not at that stage yet, but looking at the last image you posted, i would of closed just after the big bearish bar and hammer, which would of been perfect!
every minute matters!
  • #1,563
  • Jan 13, 2023 2:26am Jan 13, 2023 2:26am
Its precision scalping Friday.....
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 379 KB
  • #1,564
  • Jan 13, 2023 2:31am Jan 13, 2023 2:31am
Gold ART...........
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 284 KB
  • #1,565
  • Jan 13, 2023 2:39am Jan 13, 2023 2:39am
Quoting cliffjaded
{quote} This was about 8 months back when i was trying out Footprint charts and following RickM and RyuRyu's posts on CumDelta. My subscription has since lapsed. I've never been able to properly interpret volume. But with the information presented in this thread, I might just try again!
petefaders is good enough for VSA and volume, look at his live videos (and he shows his real account) from december and november
  • #1,566
  • Jan 13, 2023 2:44am Jan 13, 2023 2:44am
short and sweet...

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB
every minute matters!
  • #1,567
  • Jan 13, 2023 2:54am Jan 13, 2023 2:54am
Correlation ?????
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 432 KB
  • #1,568
  • Jan 13, 2023 3:06am Jan 13, 2023 3:06am
HI Cpfleger,eurnzd looks interesting for targeting ema20? I exited on ema 9 already ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurnzd.png Size: 49 KB
Click to Enlarge Name: eurnzd13_01.png Size: 46 KB
Make your own rules and stick to it.
  • #1,569
  • Jan 13, 2023 3:09am Jan 13, 2023 3:09am
charli86,
nice one.
cpfleger
  • #1,570
  • Jan 13, 2023 3:22am Jan 13, 2023 3:22am
Scalping is FUN............
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 366 KB
  • #1,571
  • Jan 13, 2023 3:35am Jan 13, 2023 3:35am
"as predicted". ,doing better with m5 to be honest
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurnzd2___13_01.png Size: 47 KB
Click to Enlarge Name: eurnzd2__13_01.png Size: 46 KB
Make your own rules and stick to it.
  • #1,572
  • Jan 13, 2023 3:35am Jan 13, 2023 3:35am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 27 KB
My template
  • #1,573
  • Jan 13, 2023 3:41am Jan 13, 2023 3:41am
charli86,
I find the M5 to easier on my old eyes...
nice one.
cpfleger
  • #1,574
  • Jan 13, 2023 3:43am Jan 13, 2023 3:43am
Elsaloon,
just a comment but check your pipmeter 5 Indicator (bottom right indicator) as it looks like you still have the color Black engaged and is in the background near the HA Button...other than that - good dude.
cpfleger
  • #1,575
  • Jan 13, 2023 3:48am Jan 13, 2023 3:48am
Quoting cpfleger
Elsaloon, just a comment but check your pipmeter 5 Indicator (bottom right indicator) as it looks like you still have the color Black engaged and is in the background near the HA Button...other than that - good dude. cpfleger
Thank you
  • #1,576
  • Jan 13, 2023 3:48am Jan 13, 2023 3:48am
Pips everywhere, join in people, anyone can watch but can your trade with over a 905% plus performance ????
Lambo dreams are for Boys, performance is for Kings.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 370 KB
  • #1,577
  • Jan 13, 2023 4:11am Jan 13, 2023 4:11am
Quoting cpfleger
charli86, I find the M5 to easier on my old eyes... nice one. cpfleger
cpfleger,i'll take your findings as well.Now only performance and patience ,as for everything in life.I am also not so young,almost 40 .Thank you
Make your own rules and stick to it.
  • #1,578
  • Jan 13, 2023 5:38am Jan 13, 2023 5:38am
something to think about over the weekend, most will look at this including myself and say "lucky i didn't caught in this downtrend!", the smart money would of sold as soon as i closed my counter trade...

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB
every minute matters!
  • #1,579
  • Jan 13, 2023 6:00am Jan 13, 2023 6:00am
Quoting niks
something to think about over the weekend, most will look at this including myself and say "lucky i didn't caught in this downtrend!", the smart money would of sold as soon as i closed my counter trade... {image}
Yes, this can happen anytime. No matter how good your analysis is. Therefore I think averaging in is still the way to go (no stop loss), but not blindly or strictly after x pips. There has to be some kind of reversal signal. Secondly, keeping the lot size small helps to survive these trends with minimal retracements.
  • #1,580
  • Jan 13, 2023 6:03am Jan 13, 2023 6:03am
Olarion1975,
small opening lot size, reversal signal is the support box, and then we add positions as the Balance states...
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 370 KB
38 traders viewing now, 2 are registered:
Peretola
,