M1 Countertrend Scalping Strategy

gbpnzd should be good that price fill more gaps before reverse....

charli86
what do you think ?
cpfleger

ahh missed gbpnzd need bigger monitor or something

Pre setup...

Nice little oil Trade before going out for a few hours. Thanks cpleger and Abade

cpfleger,exactlly ,per you're approach is perfect,good level 89200,but personally for me I was looking if price goes more up maybe till 89800 but it is so long shot so I miss this one ,I really can not make prediction for this now

Drop baby....

Broke the 400 usd net profit mark, the Market is moody until 7am News.

just how I see it with interesting levels on the left, conclusion,for better opportunity ,wait, will miss a lot entry ,sometime very hard as I want to test the limits with this approach recognising fake moves....

charli86,
I get confused due to your drawn trendlines in red and then you propose an entry at a later point instead of an earlier point after trendline. Due to the fact I have been using the zigzagm Pip Number for over a few years I am biased, sorry.
cpfleger

trendlines are interesting moves that i am trying to recognize and validate for reversal, lasting for a couple of minutes , aggressive ,not touching emas, sometimes touching a bit, then the price reaches the beginning of that moves, from there I am trying to wach interesting lvls on the left ,s/r...

cpfleger,and your eurgbp drop like a stone

charli86,
as I said earlier, waiting for 7am news and it paid off, patience is the main ingredient needed for trading.

and mine gbpnzd popped out like a geyser...

indeed ,indeed

EUR News at 8:15 to 8:45, expect a spike or two...

cpfleger , let me briefly explain the Moving Average strategy that I know for FF readers

*Price(SimpleMA 0 /Line Chart)
*Trigger (LWMA 6/7/8/9)

Trends:
*EMA-small ( 9,10,11,12)
*EMA-middle (14-20)
*EMA-big (21-50)

1. Trend buy
if the bottom EMA big, above the middle EMA and the top EMA small
EMAsmall>EMAmiddle>EMAbig

1.a Follow trends
open Buy would be good if:
TrendBuy and LL/LH have formed and price crosses the trigger from the bottom to up

1.b Countertrend
openSell on trendBuy and have formed new HH/HL , SupDem line, and price crosses the trigger from top to bottom

2. Trend Sell = opposite of Trend Buy

You can use any of the LWMA and EMA values
because they are just measuring scales

What needs to be considered is to be loyal to the values that you have been using for a long time

to be able to generate a lot of Pips, you should be able to use the Follow Trend and CounterTrend Strategies at the same time

Good luck

Darwati,
agree and I have been using this system for over 2 years with daily success but as I have stated many times here in this forum, I am retired and enjoy trading as performance is King.
cpfleger

Another stress free trade...

Broke 500 usd net profit, shooting for 750 usd net profit today...