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M1 Countertrend Scalping Strategy

  • #2,241
  • Jan 27, 2023 7:23am Jan 27, 2023 7:23am
Quoting cpfleger
cossee, The arrow is my bought and not for sale Indicator, Gann was an alternative for some Traders if you read the post. cpfleger
Oh okay. What pairs do you have your eyes on at the moment?
  • #2,242
  • Jan 27, 2023 7:23am Jan 27, 2023 7:23am
Its 2023 Gift time again, I am paying it forward.
Feb 2023 Template and few Indicators, see screenprint, if you so desire.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 454 KB
Attached File(s)
File Type: ex4 ForexFactoryCalendar-FFCal2.ex4   61 KB | 402 downloads
File Type: ex4 SL TP-OE PIP CALC INDY.ex4   6 KB | 449 downloads
File Type: ex4 Synergy_Continuation.ex4   39 KB | 513 downloads
File Type: tpl EMA Strategy Feb 23.tpl   28 KB | 430 downloads
  • #2,243
  • Jan 27, 2023 7:26am Jan 27, 2023 7:26am
Pre setup....
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 381 KB
  • #2,244
  • Jan 27, 2023 7:38am Jan 27, 2023 7:38am
Gents,
You can add the zigzagm Indicator which duplicates the Yellow Arrow Indicator that I use as its based on Fractal Points.
Try and use the SR Boxes to decide to Buy or Sell (trend following) and the 6 LWMA Line for countertrend decisions.....
Enjoy its a Gift, no returns, arhhhhhhh.
cpfleger
  • #2,245
  • Jan 27, 2023 7:39am Jan 27, 2023 7:39am
Quoting cpfleger
Gents, You can add the zigzagm Indicator which duplicates the Yellow Arrow Indicator that I use as its based on Fractal Points. Try and use the SR Boxes to decide to Buy or Sell (trend following) and the 6 LWMA Line for countertrend decisions..... Enjoy its a Gift, no returns, arhhhhhhh. cpfleger
Thanks alo How do you use the continuation indicator?
  • #2,246
  • Jan 27, 2023 7:41am Jan 27, 2023 7:41am
Quoting cpfleger
Gents, You can add the zigzagm Indicator which duplicates the Yellow Arrow Indicator that I use as its based on Fractal Points. Try and use the SR Boxes to decide to Buy or Sell (trend following) and the 6 LWMA Line for countertrend decisions..... Enjoy its a Gift, no returns, arhhhhhhh. cpfleger
Cpfleger, thank you once again ... you keep giving
veni vidi vici
  • #2,247
  • Jan 27, 2023 7:46am Jan 27, 2023 7:46am
cossee,
Both supporting (really all 3) show red or green or volume (3rd) as directional bias, so when the RSI and continuation show the same color we then go upwards to the Candle and validate when it turns the same color and we then wait for a candle to open above or below the 6 LWMA to enter a trade.

Step 1 - RSI / Continuation color
Step 2 - HA Candle color (the same or not (if no WAIT)
Step 3 - Candle open on below 6 LWMA (Sell) - opposite for a Buy
Step 4 - Open trade
Step 5 - Manage position (Trade)
Step 6 - TSL if desired
Step 7 - Exit at 6 LWMA or opposite SR Box

cpfleger
  • #2,248
  • Jan 27, 2023 7:48am Jan 27, 2023 7:48am
Gents,
You can use the EMAs as temprary Targets but I have learned to watch the Candle BODY and make a decision, you need to learn your Method.
cpfleger
  • #2,249
  • Jan 27, 2023 7:51am Jan 27, 2023 7:51am
Quoting cpfleger
cossee, Both supporting (really all 3) show red or green or volume (3rd) as directional bias, so when the RSI and continuation show the same color we then go upwards to the Candle and validate when it turns the same color and we then wait for a candle to open above or below the 6 LWMA to enter a trade. Step 1 - RSI / Continuation color Step 2 - HA Candle color (the same or not (if no WAIT) Step 3 - Candle open on below 6 LWMA (Sell) - opposite for a Buy Step 4 - Open trade Step 5 - Manage position (Trade) Step 6 - TSL if desired Step 7 - Exit at...
cpfleger,
Step 1 - RSI / Continuation color
For example, the moment the RSI crosses up and goes green, and the continuation bar is also green that is when I enter for a buy and if they are of the opposite colors I stay out?
  • #2,250
  • Jan 27, 2023 7:52am Jan 27, 2023 7:52am
Gents,
To some KoF may use a Demo account and not a Live account, I personally do NOT care because I know its about the PROCESS.
Yesterday KoF did a live youtube video which turned into 3 sessions due to the Market and not the EMA Strategy.
I since my teenage years have learned the importance of practicing and practicing, I made the state Allstars Team 3 years on the trot before serving my country in USAF (Vietnam Veteran), so practice makes alot of damn sense traders.
Even KoF has to watch the Market, so lean and develop your own Trading Business, he and I only supply YOU the Tools.
cpfleger
  • #2,251
  • Jan 27, 2023 7:57am Jan 27, 2023 7:57am
PMF, price must fall
Attached Image (click to enlarge)
Click to Enlarge Name: audcad win 27_01.png Size: 48 KB
Make your own rules and stick to it.
  • #2,252
  • Jan 27, 2023 8:03am Jan 27, 2023 8:03am
cossee,
Please re-read the steps, you leaped frogged a step, read and read my man.
cpfleger
  • #2,253
  • Jan 27, 2023 8:07am Jan 27, 2023 8:07am
Quoting cpfleger
cossee, Please re-read the steps, you leaped frogged a step, read and read my man. cpfleger
LOL. I am sorry I just got excited and went straight to reading step 1
  • #2,254
  • Jan 27, 2023 8:11am Jan 27, 2023 8:11am
Entered maybe a bit to soon
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM11.png Size: 23 KB
veni vidi vici
  • #2,255
  • Jan 27, 2023 8:13am Jan 27, 2023 8:13am
a candidate I am watching right now
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM1.png Size: 22 KB
veni vidi vici
  • #2,256
  • Jan 27, 2023 8:15am Jan 27, 2023 8:15am
mansan,
Yes you did enter early, slow down and watch the supporting Indicators first (Steps 1 and 2) and then look upwards...
cpfleger
  • #2,257
  • Jan 27, 2023 8:19am Jan 27, 2023 8:19am
My Trading Rules - post-it notes.
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  • #2,258
  • Jan 27, 2023 8:40am Jan 27, 2023 8:40am
pmdh price must drop hard
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 27_01__pricemustdropp hard.png Size: 50 KB
Make your own rules and stick to it.
  • #2,259
  • Jan 27, 2023 8:43am Jan 27, 2023 8:43am
usdcad closed ema 200
Make your own rules and stick to it.
  • #2,260
  • Jan 27, 2023 8:49am Jan 27, 2023 8:49am
gbpchf looks tempting,but not fit 100% in my style ...Probablly pass ,only if clear evidence of slow down
Make your own rules and stick to it.
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