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M1 Countertrend Scalping Strategy

  • #2,021
  • Jan 23, 2023 4:59pm Jan 23, 2023 4:59pm
Quoting cpfleger
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...
thank you for your advise, I learn that you have a set of fx pairs, Can I guess they are USD related, 7 core USD pairs that you trade? But I see you post example of BTC, I touched them and get SL hit, because spread is immense I dont know how can anyone trade profitable this market when spread is some times 900 points

I always trade 1 market gold, because it is fast so you would know your analyse is correct or not? Taken your advise I think you propose we should learn this trading strategy on AU, EU, GU, NU, UC, UF and UJ, how about the odd pairs like GA, GC, GF, GJ, GN or EA, EC, EF, EG, EN or SNGUSD, MXNUSD?
  • #2,022
  • Jan 23, 2023 5:14pm Jan 23, 2023 5:14pm
ntk,
I have a few accounts and each account has defined Instruments to each weekly balance.
I have attached a screenprint of a small account that I trade and would recommend these Instruments for most traders.
As for Bitcoin, yes the spread is our trading enemy but as you gain more experience you can tackle the biggest of spreads with ease because of the reading the Markets.
cpfleger
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  • #2,023
  • Jan 23, 2023 5:21pm Jan 23, 2023 5:21pm
Quoting cpfleger
ntk, I have a few accounts and each account has defined Instruments to each weekly balance. I have attached a screenprint of a small account that I trade and would recommend these Instruments for most traders. As for Bitcoin, yes the spread is our trading enemy but as you gain more experience you can tackle the biggest of spreads with ease because of the reading the Markets. cpfleger {image}
yes they look awesome, 6 FX USD pairs plus Gold and Usoil
  • #2,024
  • Jan 23, 2023 5:24pm Jan 23, 2023 5:24pm
Pre setup...
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  • #2,025
  • Jan 23, 2023 5:43pm Jan 23, 2023 5:43pm
As planned....
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  • #2,026
  • Jan 23, 2023 6:05pm Jan 23, 2023 6:05pm
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  • #2,027
  • Jan 23, 2023 7:23pm Jan 23, 2023 7:23pm
Quoting cpfleger
As planned.... {image}
Mansan, cpfleger I am with you lets make that 20 trade mark.
I started a new $2k demo account.
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  • #2,028
  • Jan 24, 2023 1:04am Jan 24, 2023 1:04am
Good morning guys, worm up for trading,eurchf stoped ema 100 audcad stoped,gbpcad was perfect opportunity but I am late
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Make your own rules and stick to it.
  • #2,029
  • Jan 24, 2023 1:08am Jan 24, 2023 1:08am
EURUSD lets see
Make your own rules and stick to it.
  • #2,030
  • Jan 24, 2023 1:21am Jan 24, 2023 1:21am
stoped out EURUSD,waiting better setup
Make your own rules and stick to it.
  • #2,031
  • Jan 24, 2023 1:53am Jan 24, 2023 1:53am
closed on first target better for now and more room for up...
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Make your own rules and stick to it.
  • #2,032
  • Edited 3:11am Jan 24, 2023 2:30am | Edited 3:11am
Long on UJ, usual TP supply at the top

closed UJ 130.1
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  • #2,033
  • Jan 24, 2023 2:58am Jan 24, 2023 2:58am
Goodmorning guys.. second trade of the day is waiting for profit..
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  • #2,034
  • Jan 24, 2023 3:26am Jan 24, 2023 3:26am
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as expected
  • #2,035
  • Jan 24, 2023 3:29am Jan 24, 2023 3:29am
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long UC
  • #2,036
  • Jan 24, 2023 3:39am Jan 24, 2023 3:39am
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closing now
  • #2,037
  • Jan 24, 2023 3:41am Jan 24, 2023 3:41am
wti target reached,usdcd loss 5p traped with big bear candlle at London open,chfjpy waiting profit
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Make your own rules and stick to it.
  • #2,038
  • Edited Feb 24, 2023 3:23pm Jan 24, 2023 3:43am | Edited Feb 24, 2023 3:23pm
closed chj

{ personal information deleted by staff, per request }
Make your own rules and stick to it.
  • #2,039
  • Jan 24, 2023 3:43am Jan 24, 2023 3:43am
I look at GOLD, clear up trend, clear breakout of 1940 on high volume, there is my mistake to get in for breakout everything speak for it on H1, M15 and M5 but gold retraced
Tried to look only at M1, HA, EMA and tickvolume to trade, but very hard got 2 green I was in then red come again.... Really hard, when in the back of my head it keeps saying trend is up,

Now it it at 61.8% to 72% level retracement. Gold could test 1935, if broken then it go down to 1932. I am for long pending from 1932, 1935 buy on the dip using very small lot, target 1940 1944
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  • #2,040
  • Jan 24, 2023 3:47am Jan 24, 2023 3:47am
Quoting ntk
I look at GOLD, clear up trend, clear breakout of 1940 on high volume, there is my mistake to get in for breakout everything speak for it on H1, M15 and M5 but gold retraced Tried to look only at M1, HA, EMA and tickvolume to trade, but very hard got 2 green I was in then red come again.... Really hard, when in the back of my head it keeps saying trend is up, Now it it at 61.8% to 72% level retracement. Gold could test 1935, if broken then it go down to 1932. I am for long pending from 1932, 1935 buy on the dip using very small lot, target 1940...
Hi mate,i am waiting 1933 and 1930 lvl to be honest ,but good chances is now as you said....
Make your own rules and stick to it.
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