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M1 Countertrend Scalping Strategy

  • #2,961
  • Feb 8, 2023 9:44pm Feb 8, 2023 9:44pm
Quoting mizi123
It's beginners luck or what i don't know i'm amazed from these way of trading... {image}
no, not beginners luck, once one masters PRICE ACTION, it becomes a lot easier to manage risk, well done, you are learning the system fast...

yourtradingcoach.com
every minute matters!
  • #2,962
  • Feb 8, 2023 10:32pm Feb 8, 2023 10:32pm
hello please im new on board so i will like to know where to start from

thanks to anyone who might help
  • #2,963
  • Feb 9, 2023 12:48am Feb 9, 2023 12:48am
Quoting Huzy
hello please im new on board so i will like to know where to start from thanks to anyone who might help
Welcome Huzy

I can only tell you what I did to get started. Watch as many king of forex YouTube videos as you can to learn the basic concept of countertrend trading and that will give you the basic understanding of what we do here.

When you do that you will understand why Abade started this thread. So read from page one to the end. Grab yourself a coffee and take your time don't skim read as there is a lot of golden nuggets along the way.

By the time you reach the end you will have a greater understanding of how cpleger has taken the method to another level. Don't be in a rush the markets will be here longer than us.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #2,964
  • Feb 9, 2023 12:49am Feb 9, 2023 12:49am
Quoting niks
{quote} no, not beginners luck, once one masters PRICE ACTION, it becomes a lot easier to manage risk, well done, you are learning the system fast... yourtradingcoach.com
G morning friends i'm old wolf
  • #2,965
  • Feb 9, 2023 1:00am Feb 9, 2023 1:00am
07:00 here in the UK , enjoying my toast before work and this trade developed so thought it would be rude not to take it.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #2,966
  • Feb 9, 2023 1:36am Feb 9, 2023 1:36am
Quoting Seabreeze
{quote} Welcome Huzy I can only tell you what I did to get started. Watch as many king of forex YouTube videos as you can to learn the basic concept of countertrend trading and that will give you the basic understanding of what we do here. When you do that you will understand why Abade started this thread. So read from page one to the end. Grab yourself a coffee and take your time don't skim read as there is a lot of golden nuggets along the way. By the time you reach the end you will have a greater understanding of how cpleger has taken the method...
thanks man lemme start it right way then
  • #2,967
  • Feb 9, 2023 1:40am Feb 9, 2023 1:40am
First trade these morning GU
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  • #2,968
  • Feb 9, 2023 2:00am Feb 9, 2023 2:00am
Quoting mizi123
First trade these morning GU {image}
looking good old wolf... initial entries are early - if you had started your entries from where you entered your last two positions, then you would of caught the top, excellent start to the day...

there were a couple of nice setups on the two prior swing highs as well although the second would of taken longer, the third was the best
every minute matters!
  • #2,969
  • Feb 9, 2023 2:06am Feb 9, 2023 2:06am
[quote=niks;14319439]{quote} looking good old wolf... initial entries are early - if you had started your entries from where you entered your last two positions, then you would of caught the top, excellent start to the day... there were a couple of nice setups on the two prior swing highs as well although the second would of taken longer, the third was the best[/quote
Thank you Nick but i'm still trying to find the best spot on these look's awesome.
  • #2,970
  • Feb 9, 2023 2:13am Feb 9, 2023 2:13am
Quoting mizi123
Thank you Nick but i'm still trying to find the best spot on these look's awesome.
of course, you only just started, it will not take you long at all to get a feel for it then you will really amaze yourself and us i'd imagine!

it will definitely test your risk management plan, that's for sure!
every minute matters!
  • #2,971
  • Feb 9, 2023 2:18am Feb 9, 2023 2:18am
Quoting Seabreeze
07:00 here in the UK , enjoying my toast before work and this trade developed so thought it would be rude not to take it. {image}
I missed something or you enter with 6 LWMA and not 4
  • #2,972
  • Feb 9, 2023 2:28am Feb 9, 2023 2:28am
Elsaloon

no buddy that’s a LWMA 4 shifted by 2
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #2,973
  • Feb 9, 2023 2:37am Feb 9, 2023 2:37am
Seabreeze,
You need to download the latest EMA System Template as your is the previous version, don't forget to remove the old files first and then update MT4.
cpfleger
  • #2,974
  • Feb 9, 2023 2:44am Feb 9, 2023 2:44am
Quoting cpfleger
Seabreeze, You need to download the latest EMA System Template as your is the previous version, don't forget to remove the old files first and then update MT4. cpfleger
Thanks cplfleger

I thought I had but will double check when I get home after work.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #2,975
  • Feb 9, 2023 3:04am Feb 9, 2023 3:04am
Sorry maybe is answered but when it come to pairs wich ones perform best!? THank you.
  • #2,976
  • Feb 9, 2023 3:33am Feb 9, 2023 3:33am
Quoting mizi123
Sorry maybe is answered but when it come to pairs wich ones perform best!? THank you.
low spread pairs
  • #2,977
  • Feb 9, 2023 3:40am Feb 9, 2023 3:40am
Quoting Elsaloon
{quote} low spread pairs
yes, low spread and also with a decent amount of volatility - you don't want to wait forever for price to return - GU, EU, AU, UJ are great starting pairs
every minute matters!
  • #2,978
  • Feb 9, 2023 3:48am Feb 9, 2023 3:48am
Quoting niks
{quote} yes, low spread and also with a decent amount of volatility - you don't want to wait forever for price to return - GU, EU, AU, UJ are great starting pairs
I do agree niks
  • #2,979
  • Feb 9, 2023 4:45am Feb 9, 2023 4:45am
Calibrating the mouse finger...
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  • #2,980
  • Feb 9, 2023 5:23am Feb 9, 2023 5:23am
Quick 10 Pips...
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