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M1 Countertrend Scalping Strategy

  • #3,361
  • Feb 17, 2023 6:23am Feb 17, 2023 6:23am
charli86 usdcad hit 1.3540 and is melting down. Hope you got some green.
  • #3,362
  • Feb 17, 2023 6:30am Feb 17, 2023 6:30am
Quoting Olarion1975
{quote} 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...
On the trades you see they are more or less the same. However if price spikes 5 pips above I take another 5-6 trades at a better price and get additional 5 pips.
  • #3,363
  • Feb 17, 2023 6:44am Feb 17, 2023 6:44am
Quoting erod84
{quote} On the trades you see they are more or less the same. However if price spikes 5 pips above I take another 5-6 trades at a better price and get additional 5 pips.
Ok, got it. Makes sense. Do you hedge manually or somehow automated with an EA?
  • #3,364
  • Feb 17, 2023 6:45am Feb 17, 2023 6:45am
Quoting charli86
{quote} possible big green candles every moment now ,lets see....
lesson learned, always wait for poi to be reached, even second one for more relaxed trades, closed all in plus 13p
Attached Image (click to enlarge)
Click to Enlarge Name: wti closed 13 pips.png Size: 49 KB
Make your own rules and stick to it.
  • #3,365
  • Feb 17, 2023 6:48am Feb 17, 2023 6:48am
Quoting erod84
charli86 usdcad hit 1.3540 and is melting down. Hope you got some green.
ahh,i missed,menaging wti as I did not wait lvl 76
Make your own rules and stick to it.
  • #3,366
  • Feb 17, 2023 7:15am Feb 17, 2023 7:15am
eurgbp again, if sink more down in around 30-40 minutes from now good for reversal
Make your own rules and stick to it.
  • #3,367
  • Feb 17, 2023 7:23am Feb 17, 2023 7:23am
Quoting Olarion1975
{quote} Ok, got it. Makes sense. Do you hedge manually or somehow automated with an EA?
its all manual. I don’t use any EA’s.
  • #3,368
  • Feb 17, 2023 7:44am Feb 17, 2023 7:44am
Usdcad still melting down hard from 1.3540. Congrats to all who took it in this area.
  • #3,369
  • Feb 17, 2023 8:19am Feb 17, 2023 8:19am
Quoting erod84
Usdcad still melting down hard from 1.3540. Congrats to all who took it in this area.
well done mate, big fish was there indeed
Make your own rules and stick to it.
  • #3,370
  • Feb 17, 2023 8:21am Feb 17, 2023 8:21am
Did I say this morning that the price is coming buck to retest the London open once or more times a day...?
Attached Image(s) (click to enlarge)
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  • #3,371
  • Feb 17, 2023 8:24am Feb 17, 2023 8:24am
gu is possible trap for bigger move up before continue down ,waiting...
Make your own rules and stick to it.
  • #3,372
  • Feb 17, 2023 8:44am Feb 17, 2023 8:44am
Quoting charli86
gu is possible trap for bigger move up before continue down ,waiting...
I think it was 50-50 for this so I missed ...
Attached Image (click to enlarge)
Click to Enlarge Name: gu was 50 50 chances .png Size: 59 KB
Make your own rules and stick to it.
  • #3,373
  • Feb 17, 2023 9:06am Feb 17, 2023 9:06am

  1. GU

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 69 KB
  • #3,374
  • Feb 17, 2023 9:32am Feb 17, 2023 9:32am
Quoting charli86
{quote}I think it was 50-50 for this so I missed ... {image}
that was I am talking about
Attached Image (click to enlarge)
Click to Enlarge Name: gu 20 pips.png Size: 45 KB
Make your own rules and stick to it.
  • #3,375
  • Feb 17, 2023 9:36am Feb 17, 2023 9:36am
Quoting zozon99
Did I say this morning that the price is coming buck to retest the London open once or more times a day...? {image} {image} {image} {image}
DEAR ZOZON99
WILL YOU BE SO KIND TO TELL ME WHAT
INDICATOR IT IS IN YOUR FIRST SUB-WINDOW
THANK VERY MUCH FOR YOUR HELP

Dan
  • #3,376
  • Feb 17, 2023 9:37am Feb 17, 2023 9:37am
cadchf possible if reach 68600
Make your own rules and stick to it.
  • #3,377
  • Feb 17, 2023 9:42am Feb 17, 2023 9:42am
GU
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 14 KB
  • #3,378
  • Feb 17, 2023 9:45am Feb 17, 2023 9:45am
also cadjpy some reaction ,possible ,if reach 99300
Make your own rules and stick to it.
  • #3,379
  • Feb 17, 2023 10:01am Feb 17, 2023 10:01am
Quoting dansmol
{quote} DEAR ZOZON99 WILL YOU BE SO KIND TO TELL ME WHAT INDICATOR IT IS IN YOUR FIRST SUB-WINDOW THANK VERY MUCH FOR YOUR HELP Dan
PVSRA ( Volume) indicator
https://www.forexfactory.com/thread/...me-sr-analysis
  • #3,380
  • Feb 17, 2023 10:08am Feb 17, 2023 10:08am
Another US30, I got out too early...
Attached Image (click to enlarge)
Click to Enlarge Name: US30.JPG Size: 335 KB
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