M1 Countertrend Scalping Strategy

Quoting erod84

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I'm leaving a video for the group that helped me a lot, and i highly recommend ipdatatrader's channel to learn this concept. Again, it's a tool to put green in your pocket in my opinion. Combine this with Countertrend, you'll be a rockstar! because ultimately the market is always countertrend trading. It goes from level to level back and forth. https://youtu.be/rh7-Wu_MSrk

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Quoting cpfleger

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charli86. Your Order Block but on MT4. cpfleger {image}

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Quoting charli86

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gbpjpy I would like to see more down, but maybe some from you guys want to analyse for entry now....,

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Quoting erod84

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{quote} Thank you! josh1111. I'm $3k away from passing phase 2. Combining SMC is a must in my opinion! once I implemented this into my strategy of how i trade the cpfleger/KOF countertrend system, my winning rates are pretty much 100% at this point. Even in the rare instance I go into small drawdown, i hedge my positions and still close out with a small profit. Although 99% of the time, my open / close times are around max of 10 minutes due to the SMC concepts in my trading plan.

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Quoting charli86

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Just one more prediction and remainder for usdcad ,long shoot ,but if price reach lvl 1.35100 during Asia ,really big chances for reversal.

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Quoting josh1111

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{quote} So you don't use cost averaging then? At what level of DD do you decide to hedge your positions? I assume you hedge a greater number of lots to close out in a small profit? Thanks

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Quoting erod84

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{quote} josh1111 I don’t cost average because the way I trade this system rarely calls for it. DD is around 1% to trigger a hedge but again 99% of the time i don’t require any hedging. Use SMC and even RSI divergence with cpfleger template, grab your 5 pips and get out. Wait for next setup. It’s how I do it, of course you have to decide what your risk tolerance is etc. I prefer to get in, and get out. I can ride trades out for many pips prefer not to.. never get greedy! It will kill your trading career. I learned less is more in all avenues of life.....

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Quoting erod84

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{quote} charli86, doubtful during Asia however you are very close! 1.35150 is the first level to watch 1.35400 is the bigger fish for sells. When I mark my levels, i also set alerts in tradingview like "approaching 1 hour order block @ price" so i can watch for confirmation on the cpfleger template. If all is a go i pull my machine gun and orders away. Very good analysis though!

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Quoting niks

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friday is already starting to play tricks with me... need to stay composed after missing so much! first trade was a test of resistance on ema200, entered a bit too early and it failed so closed it, then a golden ema200 breakout failure presented itself and i took it, but in hindsight i exited too early... {image}

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Quoting Darwati

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{quote} niks , here a part of my risk management {image}{image}gray area = not all colors are uniform, sometimes I still stick to the most dominant color

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Quoting erod84

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Pushed myself but made $8k in profits today and passed phase 2.. 100% with this system alone with SMC concepts that I shared. So if anybody tells you it can’t be done, here it is. $300k funded here we go. {image}

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Quoting niks

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{quote} terima kasih darwati, setiap sedikit membantu... mungkin saya salah paham - tampaknya Anda mengikuti tren, membuka dan menutup sepanjang jalan menggunakan metode counter trend - tetapi pada titik mana Anda mengakhiri urutan? saya kira setelah garis ema200 Anda berubah warna? atau apakah itu area abu-abu yang dimainkan sesuai kebijaksanaan Anda?

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