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M1 Countertrend Scalping Strategy

  • #2,121
  • Jan 25, 2023 8:35am Jan 25, 2023 8:35am
charli86,
mansan has it wrong - you should save some pips for rest of the team... arhhhhhhhhh congrats.
cpfleger
  • #2,122
  • Jan 25, 2023 8:43am Jan 25, 2023 8:43am
Quoting cpfleger
mansan, yes sir, since your moving up the ladder quickly... cpfleger
"The bigger they come, the harder they fall" just saying...one big loss can wipe out all your wins...
  • #2,123
  • Jan 25, 2023 8:47am Jan 25, 2023 8:47am
Quoting cpfleger
charli86, mansan has it wrong - you should save some pips for rest of the team... arhhhhhhhhh congrats. cpfleger
Cpfleger ,thanks a lot ,I am just mastering one process, repeat over and over, and from today will try to find only good setups,like now eu ,probably I would take but do not like setup like setup before ,so I skip and soon news will hit as well .
Make your own rules and stick to it.
  • #2,124
  • Jan 25, 2023 8:47am Jan 25, 2023 8:47am
Olarion1975,
you have been reading the news too much, earthquakes, Biden, Putin, damn too much negativity but guess what, EMA works over 95% if one wants it tooooooo.
pennies makes pounds.
cpfleger
  • #2,125
  • Jan 25, 2023 8:58am Jan 25, 2023 8:58am
Gbpcad to much tempting making good setup for sell,but news in 5 minutes .
Make your own rules and stick to it.
  • #2,126
  • Jan 25, 2023 8:58am Jan 25, 2023 8:58am
Eating Pips, preparing for lunch paid by The Market...
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  • #2,127
  • Jan 25, 2023 9:04am Jan 25, 2023 9:04am
Quoting cpfleger
Olarion1975, you have been reading the news too much, earthquakes, Biden, Putin, damn too much negativity but guess what, EMA works over 95% if one wants it tooooooo. pennies makes pounds. cpfleger
Yes, 95%. What about the other 5%?? They wipe you out...
Even one badly timed entry and you find yourself in huge drawdown which you might not be able to recover from.

Personally I have decided not to trade any strategy without a stop loss and R/R at least 1:1, better 2:1 and higher.
  • #2,128
  • Jan 25, 2023 9:14am Jan 25, 2023 9:14am
Olarion1975,
please quit being negative, life is Risk.... I know I am old man, I love Life.
cpfleger
  • #2,129
  • Jan 25, 2023 9:19am Jan 25, 2023 9:19am
I am also an old man. 75 y/o.
  • #2,130
  • Jan 25, 2023 9:21am Jan 25, 2023 9:21am
Quoting cpfleger
Olarion1975, please quit being negative, life is Risk.... I know I am old man, I love Life. cpfleger
Not negative, only realistic.... It would not be fair to give people false expectations. I am old too and I can say from experience that systems without SL will never work in the long run. And now I keep quiet.
  • #2,131
  • Jan 25, 2023 9:22am Jan 25, 2023 9:22am
rcbarlow,
Old Folks Rule, arhhhhhhhhhhhh.
cpfleger
  • #2,132
  • Jan 25, 2023 9:22am Jan 25, 2023 9:22am
Quoting Olarion1975
{quote} Yes, 95%. What about the other 5%?? They wipe you out... Even one badly timed entry and you find yourself in huge drawdown which you might not be able to recover from. Personally I have decided not to trade any strategy without a stop loss and R/R at least 1:1, better 2:1 and higher.
I have to agree, it’s the only problem I see with this strategy.

I think most users here are trading with demo account. However, once you start using real money, going into drawdown like that is emotionally really hard for any trader… in the back of your mind you know price might not come back…and if this is your job, that could mean an end to your account.


fundamentally though the strategy is solid.
  • #2,133
  • Jan 25, 2023 9:32am Jan 25, 2023 9:32am
Olarion1975,
I thank you for your opinion and experience but this stream was off the back of KoF EMA Strategy and Abade has introduced this strategy to others here at FF and I along with others have found it to be usable. So yes SL and TP are good management tools and have their place but its up to the Trader to decide his / her fate. But your input has been noted.
cpfleger
  • #2,134
  • Jan 25, 2023 9:36am Jan 25, 2023 9:36am
Missed opportunity...
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  • #2,135
  • Jan 25, 2023 9:38am Jan 25, 2023 9:38am
Pre setup...
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  • #2,136
  • Jan 25, 2023 9:41am Jan 25, 2023 9:41am
audchf price dancing a lot....
Make your own rules and stick to it.
  • #2,137
  • Jan 25, 2023 9:43am Jan 25, 2023 9:43am
Quick and dirty...
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  • #2,138
  • Jan 25, 2023 9:47am Jan 25, 2023 9:47am
More PIPs sir...
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  • #2,139
  • Jan 25, 2023 9:48am Jan 25, 2023 9:48am
Which HA candles are you using and setting?
  • #2,140
  • Jan 25, 2023 9:50am Jan 25, 2023 9:50am
took audchf and out ema 100
Make your own rules and stick to it.
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Aromos