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M1 Countertrend Scalping Strategy

  • #3,341
  • Feb 16, 2023 11:09pm Feb 16, 2023 11:09pm
Quoting Darwati
{quote} Everything is played by instinct
absolutely!

your reference to margin call is important money management consideration - i couldn't use your method exactly as you do because i only have 30:1 leverage - however, this also is also perfect protection for a badly managed trade or catastrophic event - you will NEVER blow your account with a single bad trade, EVER - 30% is the most you will lose!!!

so imagine you are on 50:1 then 50% wiped out, or 100:1 then 100% wiped out, now imagine 300:1, you are in serious trouble...
every minute matters!
  • #3,342
  • Feb 16, 2023 11:57pm Feb 16, 2023 11:57pm
Quoting erod84
{quote} 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.
Of course you can pass the exam, but I am using the Original kof strategy, and the way I trade is a bit different. But you are right, everyone can do it but they have to be very careful. I used to flip my account within an hour with this strategy, but the DD is high so, maybe propfirm is not for me. However, anyone can pass the evaluation with this strategy but just be careful, you have to manage your trade very carefully.
  • #3,343
  • Edited 12:46am Feb 17, 2023 12:29am | Edited 12:46am
One for the breakfast club.

Intersting to see price search for the liquidity in the demand box and interesting thought to stretch a few more pips.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #3,344
  • Edited 1:41am Feb 17, 2023 1:05am | Edited 1:41am
better off just sticking to the basics on a friday!

even though that ema200 test was SO tempting and would of ended my day! but because of the previous two attempts being exited early, i probably would of done the same so decided to let it go due to mindset

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it was also the final test before squeezing out all the shorts!

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every minute matters!
  • #3,345
  • Feb 17, 2023 2:43am Feb 17, 2023 2:43am
real poi is a bit higher on eurgbp,but could not resist when I saw price doing what is doing
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Make your own rules and stick to it.
  • #3,346
  • Feb 17, 2023 2:50am Feb 17, 2023 2:50am
Quoting charli86
real poi is a bit higher on eurgbp,but could not resist when I saw price doing what is doing {image}
that's the spirit! well done...
every minute matters!
  • #3,347
  • Feb 17, 2023 2:58am Feb 17, 2023 2:58am
Quoting erod84
{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!
Thanks,and very good analysis as well, Brandon,look usdcad ,could make some pips around those lvls,congrats for passing phasse 2
Make your own rules and stick to it.
  • #3,348
  • Feb 17, 2023 3:06am Feb 17, 2023 3:06am
Quoting niks
{quote} that's the spirit! well done...
Thank you,Niks,every day doing better and better, try putting those lvls where you see good orders stacked,good s/r , and implement you're approach, this can be one more confirmation to boost strategy ,I think you will be amazed how price respect those lvls most of the time...
Make your own rules and stick to it.
  • #3,349
  • Feb 17, 2023 4:25am Feb 17, 2023 4:25am
Quoting charli86
{quote}Thank you,Niks,every day doing better and better, try putting those lvls where you see good orders stacked,good s/r , and implement you're approach, this can be one more confirmation to boost strategy ,I think you will be amazed how price respect those lvls most of the time...
my pleasure charli, i get just as excited over price action as you are! once mastered, nothing will hold you back!
every minute matters!
  • #3,350
  • Feb 17, 2023 4:26am Feb 17, 2023 4:26am
I really like to trade London open, GU, EU forex pairs and UC30, the price returns to the retest in 90% of situations at least once during the day, most often very quickly before the New York session... The only problem is that I'm at work at that time, so if I catch something via mobile phone, then it's fine..., this week when I'm using my old annual leave, the situation is completely different...
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  • #3,351
  • Feb 17, 2023 5:05am Feb 17, 2023 5:05am
wti I think we should pay attention to lvl 76 if price goes there ...
Make your own rules and stick to it.
  • #3,352
  • Feb 17, 2023 5:13am Feb 17, 2023 5:13am
Quoting charli86
Just one more prediction and remainder for usdcad ,long shoot ,but if price reach lvl 1.35100 during Asia ,really big chances for reversal.
charli86,

did you get in on usdcad? It was a great trade. Hit 1.3515 and dropped. Poked a bit above but still managed to get 5-10 pips easy. See how this is like a weather forecast gents?
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  • #3,353
  • Feb 17, 2023 5:15am Feb 17, 2023 5:15am
Quoting charli86
{quote}Thanks,and very good analysis as well, Brandon,look usdcad ,could make some pips around those lvls,congrats for passing phasse 2
Thanks bro! yes I got some green on usdcad. Hit my alarm and confirmed on cpfleger template
  • #3,354
  • Feb 17, 2023 5:18am Feb 17, 2023 5:18am
Quoting charli86
real poi is a bit higher on eurgbp,but could not resist when I saw price doing what is doing {image}
You got this! It was a valid signal to me.
  • #3,355
  • Feb 17, 2023 5:20am Feb 17, 2023 5:20am
Quoting Homamiadana
{quote} Of course you can pass the exam, but I am using the Original kof strategy, and the way I trade is a bit different. But you are right, everyone can do it but they have to be very careful. I used to flip my account within an hour with this strategy, but the DD is high so, maybe propfirm is not for me. However, anyone can pass the evaluation with this strategy but just be careful, you have to manage your trade very carefully.
Yes! Agreed, however if you combine levels and SMC in this drawdown becomes non existent.
  • #3,356
  • Feb 17, 2023 5:23am Feb 17, 2023 5:23am
Quoting charli86
wti I think we should pay attention to lvl 76 if price goes there ...
could not help myself when saw what price is doing ,so closed 15
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Make your own rules and stick to it.
  • #3,357
  • Feb 17, 2023 5:26am Feb 17, 2023 5:26am
Quoting erod84
{quote} charli86, did you get in on usdcad? It was a great trade. Hit 1.3515 and dropped. Poked a bit above but still managed to get 5-10 pips easy. See how this is like a weather forecast gents? {image}
erod84,unfortunally no, mate, was taking a coffee with my wife ,but was easy for 5-10 pips indeed ...
Make your own rules and stick to it.
  • #3,358
  • Feb 17, 2023 5:35am Feb 17, 2023 5:35am
Quoting charli86
{quote}erod84,unfortunally no, mate, was taking a coffee with my wife ,but was easy for 5-10 pips indeed ...
and wti or price will pop out with big green candle every moment now, or will drop hard till around 76....Anyway I am out at the moment
Make your own rules and stick to it.
  • #3,359
  • Feb 17, 2023 5:55am Feb 17, 2023 5:55am
Quoting charli86
{quote}and wti or price will pop out with big green candle every moment now, or will drop hard till around 76....Anyway I am out at the moment
possible big green candles every moment now ,lets see....
Make your own rules and stick to it.
  • #3,360
  • Feb 17, 2023 6:12am Feb 17, 2023 6:12am
Quoting erod84
Now I’m calling it a day. See you tomorrow gents. {image}
Very nice result! Why do you open many smaller positions instead one bigger one? I mean, the entry price is more or less the same on all your trades...
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