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M1 Countertrend Scalping Strategy

  • #3,261
  • Feb 15, 2023 11:47pm Feb 15, 2023 11:47pm
Quoting Abade
{quote} I am glad you find it helpful! He's got a lot of content you can trust. {quote} We've seen the spring fail during NFT, US elections, war, important economic announcements and (almost) always moves against the majority of retail traders.
Yes. Thing to remember with this style of trading is that you are playing the role of a liquidity provider. Although of course when the spring snaps stoppies being run also provides liquidity . When taking the other side via counter trend trading you are doing what the MM's want, and not taking a longer term positional bias.
  • #3,262
  • Feb 16, 2023 12:33am Feb 16, 2023 12:33am
This morning breakfast trade.

I think most people should know now what to do.

I get messages about how to trade this method and all I can say is read the whole thread because there lots of nuggets of gold in this thread and you will miss them if you skim read.thanks to Adade and cpfledger this has been a pleasurable thread so far. Might be time to go back to man cave now.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #3,263
  • Feb 16, 2023 1:15am Feb 16, 2023 1:15am
Anyone have any advice for trading time (tokyo, UK, NY...) and which currency pairs are suitable for this strategy? Thank you.
  • #3,264
  • Feb 16, 2023 2:31am Feb 16, 2023 2:31am
Quoting Darwati
{quote} Dont run EA full automaticaly , EA must have user intervension use EA as a manual trading tool, keep using the kof strategy, click to true for "open orders" & "closebysignal" if your analysis is buy and there is a blue arrow under the candle and if price have new HH you can click open order to false then click closeprofit to true Dont used the EA on ZERO/RAW spread Account , EA used spread as TakeProfit
Darwati,
I am impressed with the function of the system. Working on how and when to use the toggles, but slowly getting it. Seems to be a very valuable tool to use for KoF multiple strategies.
  • #3,265
  • Feb 16, 2023 3:05am Feb 16, 2023 3:05am
Quoting Chucun
{quote} Darwati, I am impressed with the function of the system. Working on how and when to use the toggles, but slowly getting it. Seems to be a very valuable tool to use for KoF multiple strategies.
to be honest it's just a trading tool,

which may be useful for those who understand it and become MT4 trash for those who don't
  • #3,266
  • Feb 16, 2023 3:11am Feb 16, 2023 3:11am
Quoting Darwati
{quote} to be honest it's just a trading tool, which may be useful for those who understand it and become MT4 trash for those who don't
i was just briefly looking it at it myself - and i think i'm finally starting to get how you haul those pips now! but still curious about your risk management technique, it sounded very interesting and like it somehow looks after itself?
every minute matters!
  • #3,267
  • Feb 16, 2023 3:15am Feb 16, 2023 3:15am
Quoting cpfleger
charli86, Did you see my Tough Trend screenprint today, go to page 1 and watch KoF Video, you will be amazed. Latest view but go back a few pages and find the earlier screenprint too. cpfleger {image}
cpfleger,thanks ,I saw, and I am aware of kof video as well, timing of the day was issue for more waiting and implement more orders when ema 9 cut the orders,m5 tf does not matter as well, same concept, if you check ss I was right that price will fall more ,but it does not fit time of the day and was in profit so I close all with first target.I am wrong when said close ema 9 win or lose,but I am eager to hit safe ema 9 first ,than you right,it can be more advanced ,to wait kof style ,for price to go much further up, and than fall hitting say ema 20/50...Also my head was over white area that should get filled soon or later....
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Make your own rules and stick to it.
  • #3,268
  • Feb 16, 2023 3:23am Feb 16, 2023 3:23am
guys, look eurgbp,may give us good opportunity soon
Make your own rules and stick to it.
  • #3,269
  • Edited 7:20am Feb 16, 2023 3:25am | Edited 7:20am
a failed breakout of EMA200 typically provides a golden opportunity as it traps many traders, but of course, they don't always go to plan, this one tried to prove me wrong and turn the whole theory around! but market forces always prevail...

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breakout pullbacks also work very well with EMA200 (despite the first failed attempt!)

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complex pullback (aptly named!) to EMA200 - took longer than expected due to stall on final leg and two prior failed attempts

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EMA200 also works very well after being tested for support\resistance
every minute matters!
  • #3,270
  • Feb 16, 2023 3:30am Feb 16, 2023 3:30am
Quoting charli86
guys, look eurgbp,may give us good opportunity soon
closed couple of pips
Make your own rules and stick to it.
  • #3,271
  • Feb 16, 2023 3:44am Feb 16, 2023 3:44am
The Forex Market is very consistent in its delivery of Price Action, can you be consistent in your Timings ????
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  • #3,272
  • Feb 16, 2023 3:58am Feb 16, 2023 3:58am
Beautifulllllll.....
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  • #3,273
  • Feb 16, 2023 4:14am Feb 16, 2023 4:14am
ga looks tempting,trending down nicely ,this may be a pullback ,but I would pay attention for lvl 74800,so waiting more
Make your own rules and stick to it.
  • #3,274
  • Feb 16, 2023 4:20am Feb 16, 2023 4:20am
gbcad interesting lvl 1700 if not fall now
Make your own rules and stick to it.
  • #3,275
  • Feb 16, 2023 4:29am Feb 16, 2023 4:29am
Quoting josh1111
I am trying a new experiment you guys let me know if you want me to post the results as I am changing the program from our thread. No more cost averaging or hedging. 4 pip SL on every order. My hypothesis: In the end cost averaging is going to kill any Prop Firm Account as the rules are just too tight to work. Using Hedging to deal with cost averaging when it gets out of control will eventually amplify to a point that accounts will be blown as well. cpfleger's entry conditions are accurate enough to not matter about the few losses compared to the...
I do not really recommend using this strategy to pass prop firm evaluation because of their rules. you can deposit to your own broker.
  • #3,276
  • Feb 16, 2023 4:46am Feb 16, 2023 4:46am
Quoting Homamiadana
{quote} I do not really recommend using this strategy to pass prop firm evaluation because of their rules. you can deposit to your own broker.
Just recently @cpfleger passed an evaluation and @Erod84 was on second stage of his evaluation I believe. The prop firms say they allow scalping but I understand what you are saying...
  • #3,277
  • Feb 16, 2023 6:37am Feb 16, 2023 6:37am
Run baby, run....
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  • #3,278
  • Feb 16, 2023 6:47am Feb 16, 2023 6:47am
Quoting niks
{quote} i was just briefly looking it at it myself - and i think i'm finally starting to get how you haul those pips now! but still curious about your risk management technique, it sounded very interesting and like it somehow looks after itself?

Let you stay curious

because to be honest there is no black and white in forex, there is only gray
  • #3,279
  • Feb 16, 2023 7:14am Feb 16, 2023 7:14am
Consistency is a great skill.....
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  • #3,280
  • Feb 16, 2023 7:17am Feb 16, 2023 7:17am
Quoting Homamiadana
{quote} I do not really recommend using this strategy to pass prop firm evaluation because of their rules. you can deposit to your own broker.
I’m $6k away from passing phase 2 for a $300k funded account. Should wrap it by end of week.

You are your greatest enemy! if you say it can’t be done, it can’t be.
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