M1 Countertrend Scalping Strategy

Closed 4 Hour TF trades with 110 Pips...

You weren’t alone… I grabbed another $1.2k profit on gbpjpy. Now I’m officially done for today $3k day.

closed for couple of pips ema 9 also couple of positions usdchf ema 9 ,5min tf, for couple of pips.....

wti expecting some reaction around 74.27 if pa allow us....

also eurcad looks good if reach 143700

Hello, erod84! I dont really understand the SMC narrative behind this trade (you wrote you normally use POIs to have a confirmation to enter). Could you explain please? Thanks in advance!

And if you could explain your POI selection rules in general that you use within your plan it would be also very-very helpful, as there are like hundreds ways SMC traders mark them.. Want to do some backtesting for this strat and like the way you trade it very much, but not sure if I will be able to mark same levels as you do..

exiting wti for couple of pips,74.27 worked in exact point

also,ga looks very very promising to reach 76600,but to late for entry

And ,if I may ,I pollute thread a bit more ,I apologise, but when i wrapped my head around lvls ,I always know about lvls , but never have patience ,to be honest, to dig deeper ,and now all new doors open for me with conjunction with ema strategy, price really respect even lvls from July last year.For 12 hours price did not test ema 9 gbpnzd ,seems strong trend up, but lvl is clear visible ,and now in free fall reaching ema 20...I do not know, but I see this everywhere,i'll continue with lower tf but not overestimate biger tf...

Good morning,wish you all nice trading day,cadchf may be now, but I am waiting if pa allow 68965 for poi 1. 69046 poi 2 and poi 3 69125,nzdchf poi 1 58170 ,better poi 2 58922 poi 3 58374

Hi all, I started running through all 179 pages to find out what's going on. I have been trying out the indicators as what cpfleger shared on post #2887, but I have not been getting consistent results. This group has probably been the most helpful people in paying forward and I would also love to pick up this strategy and pay forward. I hope those getting results from this strategy would also be happy to help traders like me that are not really getting the full picture of this entire strategy. I hope someone could correct my understanding if I am wrong. I am happy to learn from all.

Long Entries
1. RSI & Continuation is GREEN
2. HA Candle is GREEN
3. The candle is below 4 LWMA
4. LWMA should be in a downtrend momentum
5. Candle bouncing off from GREEN support box
6. SL set below support box
7. TSL 30 pips

For short entries, it will be the opposite for points 1 to 5. I have attached a photo for points 1 to 5 for reference.

I have only been entering 1 trade per entry but I see most of you enter quite a number of trades, may I also understand this?
Can someone advise me on what am I missing out on this?

I thank anyone and everyone in advance

ej 142.9 poi1

poi2 142.71

Experimenting again....

Pre setup.

ej ej ,was better I exited immediately with 6 pips proffit ,anyway exited ema 9 around 13 pips...

eu may reverse around 1.058 but I'll probably skip as much stronger lvl to observe in the future 1.050

gbcad poi 1 reaching ,not so strong, better if price fall more around 62300 and maybe even more but pa must be observed, how fast come there and how is the distance between emas

Darrenchong,
Firstly, the rules you wrote are slightly different than the Rules defined within V3 which is your screenprinted Chart.
Follow the V3 Rules as this will get an good entry and then YOU must feel the Market as sometimes we may make a temporary Target of the 20 EMA but the Market reverses and we must EXIT quickly. You should never leave the computer once a trade is opened either.
Practice these V3 Rules, one trade position until you have reached over 85% of winning trades and only then start adding positions if YOU want too.
cpfleger