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M1 Countertrend Scalping Strategy

  • #2,001
  • Jan 23, 2023 9:16am Jan 23, 2023 9:16am
if price reach 1912 again on gold possible long, anyone?
Make your own rules and stick to it.
  • #2,002
  • Jan 23, 2023 9:18am Jan 23, 2023 9:18am
rcbarlow,
We are trading the EMA Strategy which is counter trend trading.
In my humble opinion all newcomers should spend a day watching KoF Video's on Youtube firstly.
Please read entire thread too.
cpfleger
  • #2,003
  • Jan 23, 2023 9:24am Jan 23, 2023 9:24am
Thank you. His videos are not in order so I'm trying to figure out how to watch from the system we are trading here.
  • #2,004
  • Jan 23, 2023 9:33am Jan 23, 2023 9:33am
Quoting charli86
if price reach 1912 again on gold possible long, anyone?
locked ema100 awaiting next targets
Attached Image (click to enlarge)
Click to Enlarge Name: gold 23_01_locked ema 100.png Size: 57 KB
Make your own rules and stick to it.
  • #2,005
  • Jan 23, 2023 9:44am Jan 23, 2023 9:44am
Good day to every one, I Hope you having a lot of green pips

Cpfleger, May you kindly share supply and demand indicator same to the one You are using in mt4 but in trading view.

I just wish to back-test it in (replay mode ) were i can see supp and demm boxes drawn so i exercise opening trades and simulate real previous opportunities in the market.

Thanks
  • #2,006
  • Jan 23, 2023 9:51am Jan 23, 2023 9:51am
chfjp took some fast scalp, gold locked on ema 200 still going good...
Attached Image (click to enlarge)
Click to Enlarge Name: chfjp 23_01.png Size: 62 KB
Make your own rules and stick to it.
  • #2,007
  • Jan 23, 2023 10:02am Jan 23, 2023 10:02am
Ahmed30,
sorry but I do not anything about Trading View Platform.
cpfleger
  • #2,008
  • Jan 23, 2023 10:06am Jan 23, 2023 10:06am
Another opportunity...
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 406 KB
  • #2,009
  • Jan 23, 2023 10:26am Jan 23, 2023 10:26am
gold out,took small opportunity eu and now watching closely gbpchf
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold out 23_01.png Size: 48 KB
Click to Enlarge Name: eurusd out 23_01.png Size: 55 KB
Make your own rules and stick to it.
  • #2,010
  • Jan 23, 2023 10:59am Jan 23, 2023 10:59am
Quoting charli86
gold out,took small opportunity eu and now watching closely gbpchf {image} {image}
gbpchf closed 5 pips price have difficulties to reach target ema 100,lets see usdchf
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf 5pips 23_01.png Size: 51 KB
Make your own rules and stick to it.
  • #2,011
  • Jan 23, 2023 11:04am Jan 23, 2023 11:04am
Quoting charli86
{quote} gbpchf closed 5 pips price have difficulties to reach target ema 100,lets see usdchf {image}
usdchf better but I am out...
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf target reached 23_03.png Size: 56 KB
Make your own rules and stick to it.
  • #2,012
  • Jan 23, 2023 1:44pm Jan 23, 2023 1:44pm
Quoting rcbarlow
Thank you. His videos are not in order so I'm trying to figure out how to watch from the system we are trading here.
Be welcome! You can watch his old live streams to understand the basic premise:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 395 KB

Or his oldest (first) videos in the channel (you have to scroll down to the bottom):

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 209 KB

Please be aware that this strategy is risky, don't trade with money you cannot afford to lose.
  • #2,013
  • Jan 23, 2023 1:54pm Jan 23, 2023 1:54pm
My friends, @Elsaloon is getting the following message:

"...you don't have the credentials required to access this page. If you can't post to a certain thread, you might be blocked by the thread-starter (learn more). If you believe you have reached this notice in error, please submit a contact form."

Has anyone else experienced this before or know what it's about? To be clear I have NOT (and will not) block anyone from posting in this thread. I want this to remain a free space for sharing and learning, including new and veteran traders.

If someone knows something let me know, thank you!

The thread settings:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 72 KB
  • #2,014
  • Jan 23, 2023 2:09pm Jan 23, 2023 2:09pm
Took one more, lets see will it drop more
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 23_01_profit small.png Size: 61 KB
Make your own rules and stick to it.
  • #2,015
  • Jan 23, 2023 2:12pm Jan 23, 2023 2:12pm
Quoting FerruFx
Definitely a good one for (large) ranging markets ... but once you are caught in a strong trend, all your previous gains will be wiped out.
Looking like what I would try
  • #2,016
  • Jan 23, 2023 2:14pm Jan 23, 2023 2:14pm
Quoting Ahmed30
Good day to every one, I Hope you having a lot of green pips Cpfleger, May you kindly share supply and demand indicator same to the one You are using in mt4 but in trading view. I just wish to back-test it in (replay mode ) were i can see supp and demm boxes drawn so i exercise opening trades and simulate real previous opportunities in the market. Thanks
My friend, I don't think you can get the exact same indicator for tradingview. However, you can use this free simulator for MT4 to do the same thing:

https://www.fxblue.com/appstore/39/m...ding-simulator

Hope this helps.
  • #2,017
  • Jan 23, 2023 3:00pm Jan 23, 2023 3:00pm
Quoting charli86
Took one more, lets see will it drop more {image}
Closed on retouch ema100
Make your own rules and stick to it.
  • #2,018
  • Jan 23, 2023 3:43pm Jan 23, 2023 3:43pm
Aubade no problem . I don't understand
  • #2,019
  • Edited 4:28pm Jan 23, 2023 4:14pm | Edited 4:28pm
Quoting cpfleger
Market is speaking to YOU... {image}
I have a question regarding SL/TSL for gold , or indices or crypto. Usually we enter the trade when the HA body with the wick point to the direction of market movement, and clearly positioned to the 6LWMA line. The SL is just above/below the Supply demand box for Sell/Buy trade, and you said we set TSL for 30 points.

Is this TSL rules general for all market or do we have to set differently for Gold, JPY pairs, FX pairs, indices or crypto pairs? I thought they should be different, because obviously their ATR, spread are different

Also how do you calculate which lot size for BTC or indices if you trade with a risk 1% and RRR 2:1? with an account size of 5000$, my ATR calculation for 1% would be trading with a max lot size of 0.15 lot? Is it roughly correct trade size? the lot size based on ATR does not work for indices or crypto how can you get the right trading size?

In this example I enter a little too early, right?
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 71 KB
  • #2,020
  • Jan 23, 2023 4:46pm Jan 23, 2023 4:46pm
ntk,
the reason behind the TSL was for mansan (or anyone learning to be more consistent) to learn how to ensure performance and profitability.
you are correct, each Instrument has different value and spread and you will need to adjust to each Instrument.
I would recommend you master the process with forex pairs firstly as another weakness to most traders is trading too many Instrument.
Hedge Fund Traders trade less than 3 Instruments and usually are one off specialists.
feeling the Market is about reading the candle Body sizes as this defines the volume and possible reversals.
cpfleger
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