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M1 Countertrend Scalping Strategy

  • #3,061
  • Feb 10, 2023 12:17am Feb 10, 2023 12:17am
Quoting niks
the trap is set {image} the trap goes off, prey gets caught but escapes (because its friday and i want out early so i have set aggressive target, plus price action of course!) {image} trap is re set again, trap goes off again, prey is caught again, prey struggles, almost gets out {image} but is finally trapped {image} and then finally acquired (gotta love slippage when it goes YOUR way, makes the trading day that little bit shorter) {image} and if i wasn't so busy typing this i would of caught the immediate aftermath! oh well, missing opportunities...
Goog job niks , contertrend open sell on HH M1 , and M5-M15-H1 in trend
  • #3,062
  • Edited 1:11am Feb 10, 2023 12:36am | Edited 1:11am
Quoting Darwati
{quote} Goog job niks , contertrend open sell on HH M1 , and M5-M15-H1 in trend
thanks darwati, yes, i combined three methods on this one, PA first, CT second, and then with your wisdom in mind, let it ride for a mini trend to establish the target

still, i would of preferred if the subsequent moves didn't happen so quickly after that, i missed them all unfortunately, but never in a rush on a friday, especially after a good first trade

the PA trap was on the left half circled

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oh, and of course, the beautiful head and shoulder break that provided the profits!


but now its in crazy friday mode - proceed with extreme caution!

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every minute matters!
  • #3,063
  • Feb 10, 2023 1:35am Feb 10, 2023 1:35am
Good Morning from the UK. Still got a few issues with my charts. Going to try and iron them out today.
Breakfast trade today. My early morning finger missed first exit due to very quick price movement but got it right second time round.
think I'm going to set TP in future just in case I miss it again.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #3,064
  • Feb 10, 2023 3:20am Feb 10, 2023 3:20am
Seabreeze,
Make a desktop Folder labelled EMA, download all Indi's and Template from this site, now delete all Indi's and Template from MT4, turn off MT4 and turn back on, upload Indi's and Template from the desktop Folder, open a Pair and add Template.
Think about cleaning MT4 too by deleting Log entries, show you next.
cpfleger
  • #3,065
  • Feb 10, 2023 4:09am Feb 10, 2023 4:09am
Quoting cpfleger
Seabreeze, Make a desktop Folder labelled EMA, download all Indi's and Template from this site, now delete all Indi's and Template from MT4, turn off MT4 and turn back on, upload Indi's and Template from the desktop Folder, open a Pair and add Template. Think about cleaning MT4 too by deleting Log entries, show you next. cpfleger
Sorted Thanks cpfledger
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #3,066
  • Feb 10, 2023 4:18am Feb 10, 2023 4:18am
Seabreeze,
Great news, now your cooking on Gas.
When you want to trade, zoom in all the way and watch and learn price action...
cpfleger
  • #3,067
  • Feb 10, 2023 5:10am Feb 10, 2023 5:10am
Quoting cpfleger
Seabreeze, Great news, now your cooking on Gas. When you want to trade, zoom in all the way and watch and learn price action... cpfleger
Cheers buddy

Nice little oil trade as I'm pottering around my desk.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #3,068
  • Feb 10, 2023 6:44am Feb 10, 2023 6:44am
Hi Cpfleger,
I need your advice to trade this system better.
I had two losses today. I'd like to know how you would manage these trades if they are not loss cases for you. thanks in advance.


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  • #3,069
  • Feb 10, 2023 7:51am Feb 10, 2023 7:51am
Cpfleger please at which level or moving average should I takeprofit
  • #3,070
  • Feb 10, 2023 7:51am Feb 10, 2023 7:51am
There is NO Holy Grail Secret to Trading Success!
Stop looking for one.
And get back to work
.
every minute matters!
  • #3,071
  • Feb 10, 2023 8:15am Feb 10, 2023 8:15am
USDCAD
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  • #3,072
  • Feb 10, 2023 8:26am Feb 10, 2023 8:26am
Not cooperative
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  • #3,073
  • Feb 10, 2023 8:33am Feb 10, 2023 8:33am
yup in da end
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  • #3,074
  • Feb 10, 2023 8:46am Feb 10, 2023 8:46am
taking a M5 position
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  • #3,075
  • Feb 10, 2023 8:53am Feb 10, 2023 8:53am
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  • #3,076
  • Feb 10, 2023 8:54am Feb 10, 2023 8:54am
Huzy,
Firstly, have you watched any of KoF Video's on YouTube ?
Secondly, have you read the entire Forum here ?
Thirdly, this is your first post here, so I assume you have not understood the theory of countertrending....
Please do the above tasks over the weekend and we shall continue Monday.

You are the Holy Grail by the way.
cpfleger
  • #3,077
  • Feb 10, 2023 8:55am Feb 10, 2023 8:55am
josh1111,
On the same Pair, great minds think alike.
cpfleger
  • #3,078
  • Feb 10, 2023 8:55am Feb 10, 2023 8:55am
yupo
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  • #3,079
  • Feb 10, 2023 9:03am Feb 10, 2023 9:03am
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  • #3,080
  • Feb 10, 2023 9:03am Feb 10, 2023 9:03am
Nice work Josh keep going.

Just got a bit of time to analyse the charts and took advanced of this one. Had a lot more in it though. Will stop for today soon as markets can be strange on a Friday.
Attached Image (click to enlarge)
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
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