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M1 Countertrend Scalping Strategy

  • #2,301
  • Jan 29, 2023 9:33am Jan 29, 2023 9:33am
Quoting cpfleger
mansan, Did you know you are not suppose to have FUN whilst trading ??? Excellent work my man. cpfleger
They always say that trading should be boring ... but I disagree
veni vidi vici
  • #2,302
  • Jan 29, 2023 9:35am Jan 29, 2023 9:35am
As Mr Oliver Velez would say - I have been trading for over 35 years and I still get butterflies in my stomach.....
Smile, enjoy and do fall in love with YOUR BUSINESS.
cpfleger
  • #2,303
  • Jan 29, 2023 9:45am Jan 29, 2023 9:45am
Gents,
Revised Feb 23 Template and TRO Notes including Preset File.
Enjoy.....
cpflkeger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 510 KB
Attached File(s)
File Type: zip TroNotes.zip   31 KB | 316 downloads
  • #2,304
  • Jan 29, 2023 10:21am Jan 29, 2023 10:21am
Revised TRO Notes due to incorrect wording and distance from 1 Click window.
Mrs QC is sleeping, so I blame her, arhhhhhhh.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 194 KB
Attached File(s)
File Type: zip TroNotes.zip   31 KB | 381 downloads
  • #2,305
  • Jan 29, 2023 10:25am Jan 29, 2023 10:25am
Gents,
Just update the Preset Fil and the attached Template, we are good to Go Houston.
cpfleger
Attached File(s)
File Type: tpl EMA Strategy with Rules Feb 2023.tpl   94 KB | 359 downloads
  • #2,306
  • Jan 29, 2023 3:50pm Jan 29, 2023 3:50pm
Gents,
Some feedback on todays revised Notes and Template would be beneficial.
cpfleger
  • #2,307
  • Jan 29, 2023 5:22pm Jan 29, 2023 5:22pm
Quoting cpfleger
Gents, Some feedback on todays revised Notes and Template would be beneficial. cpfleger
Cpfleger,

Out with the family at the moment, I will take a look at it in 6-8 hours.
  • #2,308
  • Jan 29, 2023 6:02pm Jan 29, 2023 6:02pm
5 PIP Wonder...
Attached Image (click to enlarge)
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  • #2,309
  • Jan 29, 2023 6:03pm Jan 29, 2023 6:03pm
Damn, wrong screenprint...
Attached Image (click to enlarge)
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  • #2,310
  • Jan 29, 2023 6:54pm Jan 29, 2023 6:54pm
Easy 20 Pips.... opportunities are everywhere, do YOU want some ???
Attached Image (click to enlarge)
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  • #2,311
  • Jan 29, 2023 6:58pm Jan 29, 2023 6:58pm
Pre setup....
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 461 KB
  • #2,312
  • Jan 29, 2023 11:32pm Jan 29, 2023 11:32pm
Quoting cpfleger
Gents, Some feedback on todays revised Notes and Template would be beneficial. cpfleger
cpfleger,

Is this a good sell? Does it meet all the requirements in your eyes? Did I enter at the right time?
You mention in the trading rules 7. exiting at the 6 LWMA, as one of the exit criteria, do you mean if the price goes back above the 6 LWMA line, I should close it? Where it is a loss or a gain?
Attached Image (click to enlarge)
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  • #2,313
  • Jan 29, 2023 11:42pm Jan 29, 2023 11:42pm
20 EMA target hit.
Attached Image (click to enlarge)
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  • #2,314
  • Jan 30, 2023 1:54am Jan 30, 2023 1:54am
Hi, I've been following this thread for a while and I understand the strategy, which will eventually tend to burn the account, but the whole thing could work well enough to use an account, let it grow for a while, and make continuous withdrawals until it burns.

My question is:
Has anyone who has been using it since the beginning, a history of how often the account burns and how long the positive streak lasts?
  • #2,315
  • Jan 30, 2023 2:02am Jan 30, 2023 2:02am
Chucun.
Your entry was good and your 20 ema was a good target but remember due to the fact you are learning the Process always add a 3 PIP Trailing Stop Loss (TSL) to give you a boost of profitable confidence.
cpfleger
  • #2,316
  • Jan 30, 2023 2:42am Jan 30, 2023 2:42am
Time to calibrate the mouse finger - morning first trade test...
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 507 KB
  • #2,317
  • Jan 30, 2023 3:09am Jan 30, 2023 3:09am
Finger works and another 5 Pip Wonder trade...
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 514 KB
  • #2,318
  • Jan 30, 2023 3:19am Jan 30, 2023 3:19am
This things get me annoying a bit ,when I got direction but close too soon....Anyway,issue was gold so was menage it and get distracted a bit...All in profit but must do better performance .Let's wait another opportunity
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: xauusd win 4 positions 28_01.png Size: 53 KB
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Make your own rules and stick to it.
  • #2,319
  • Jan 30, 2023 3:34am Jan 30, 2023 3:34am
charli86.
In my opinion, you should try the 3 Candle Rule for awhile, open a trade and close within 3 candles later to boost your confidence... we are trading the 1M TF and the Market reverses alot.
cpfleger
  • #2,320
  • Jan 30, 2023 4:17am Jan 30, 2023 4:17am
Quoting cpfleger
charli86. In my opinion, you should try the 3 Candle Rule for awhile, open a trade and close within 3 candles later to boost your confidence... we are trading the 1M TF and the Market reverses alot. cpfleger
cpfleger,
thank you for the advice,i am watching to many currencies at the same time also, i think I need more patience as well ....
Make your own rules and stick to it.
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jrpeng