M1 Countertrend Scalping Strategy | Page 193 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

strategy builder/tester for new scalping strategy 1 reply

1M & 5M Scalping System (Scalping Paradise) 21 replies

Reversals vs. CounterTrend Trade 28 replies

CounterTrend Trading 58 replies

Attachments: M1 Countertrend Scalping Strategy
Exit Attachments

M1 Countertrend Scalping Strategy

  • #3,841
  • Mar 1, 2023 10:36am Mar 1, 2023 10:36am
[quote=charli86;14343323]{quote}63217 before from marked pic, but so-so...We'll see[/quote
worked outstanding 40 pips and not stoping ,unfortunally I took 3 pips loss on eurchf as I can not monitor anymore and closed, thing is that is big chance that price will hit ema 9 ,1h tf,nice level there, I just close ,I am sure it will drop a bit, ,but can not monitor at the moment so moving on...Important obligation , see you guys, all the best, as always
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf loss.png Size: 56 KB
Make your own rules and stick to it.
  • #3,842
  • Mar 1, 2023 1:05pm Mar 1, 2023 1:05pm
just got back from work... I see that the levels I had marked basically all worked. I kindly ask you if you still consider a level/zone that has already been tested by the price to be valid or if you are aiming directly for the next one?
  • #3,843
  • Mar 1, 2023 1:12pm Mar 1, 2023 1:12pm
Quoting Danielesse87
just got back from work... I see that the levels I had marked basically all worked. I kindly ask you if you still consider a level/zone that has already been tested by the price to be valid or if you are aiming directly for the next one?
If it’s a higher time frame level and price left in a quick violent fashion I would not use it beyond twice. The more it touches the level, more orders are absorbed. To be safe keep it once in my opinion and just be patient for next level.
  • #3,844
  • Edited 1:57pm Mar 1, 2023 1:41pm | Edited 1:57pm
Quoting erod84
{quote} If it’s a higher time frame level and price left in a quick violent fashion I would not use it beyond twice. The more it touches the level, more orders are absorbed. To be safe keep it once in my opinion and just be patient for next level.
Wise. I like using the EMA as a target but I'm observing now that a good exit point could also be the last 1H candle of the same color as the direction of our trade. I'll show you an image to clarify the idea which is just an idea for now. The principle is the same as the entry zone (POI)but to exit. What do you think master?

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 42 KB

EDIT: Maybe not the last 1H candle but simply the nearest zone of trapped traders by an impulsive mouvment
  • #3,845
  • Mar 1, 2023 1:59pm Mar 1, 2023 1:59pm
Quoting Danielesse87
{quote} Wise. I like using the EMA as a target but I'm observing now that a good exit point could also be the last 1H candle of the same color as the direction of our trade. I'll show you an image to clarify the idea which is just an idea for now. The principle is the same as the entry zone (POI)but to exit. What do you think master? {image} EDIT: Maybe not the last 1H candle but simply the nearest zone of trapped traders by an impulsive mouvment
Spot on!! Wow you are becoming dangerous. It’s just my personal risk tolerance but I either target ema9 or just 5 pips and get out with my green bag. But the area you highlighted is a great exit point.

Also note on your chart the wick bounces, it’s grabbing liquidity on the order block below building a position for a swing up. Take note of the RSI 14 see the divergence? Another green light to take a position. Good work on this.
  • #3,846
  • Mar 1, 2023 2:12pm Mar 1, 2023 2:12pm
Quoting erod84
{quote} Spot on!! Wow you are becoming dangerous. It’s just my personal risk tolerance but I either target ema9 or just 5 pips and get out with my green bag. But the area you highlighted is a great exit point. Also note on your chart the wick bounces, it’s grabbing liquidity on the order block below building a position for a swing up. Take note of the RSI 14 see the divergence? Another green light to take a position. Good work on this.
Thanks again for your feedback! I'm just trying to learn! For the moment I will try to continue to keep EMAS as a goal but in the meantime I will observe carefully. See you tomorrow... dinner time for me
  • #3,847
  • Mar 2, 2023 12:26am Mar 2, 2023 12:26am
Quoting cpfleger
Small account holders, YOU can do this.... {image}
The kind of spreads I have ....
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 451 KB
Miles to go B4 I sleep...
  • #3,848
  • Mar 2, 2023 2:33am Mar 2, 2023 2:33am
I took 5 pips from EU. Not much confidence in this POI as already tested multiple times and below it plenty of room for the price to keep going down until the next POI.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 32 KB

5 pips from EJ as well. Not much confidence with trades in favor of the trend (200 EMA). I exited near the low of the last green candlestick
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 28 KB
  • #3,849
  • Mar 2, 2023 2:42am Mar 2, 2023 2:42am
Another beautiful day - nice spike.
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 269 KB
  • #3,850
  • Mar 2, 2023 3:04am Mar 2, 2023 3:04am
Quoting cpfleger
Another beautiful day - nice spike. {image}
Have you changed the rules? Looking at this trade for example, the rules have not matured on it.
  • #3,851
  • Mar 2, 2023 3:26am Mar 2, 2023 3:26am
another 10 pips stolen from banks on GU. Exit on the high of last red candle (which was also close to EMA). 20 pips today in 1.5 hours of trading. That's all I need

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 29 KB
  • #3,852
  • Mar 2, 2023 3:26am Mar 2, 2023 3:26am
sol4live,
This is the original V1 KoF EMA Strategy and since I am not home but at my In Laws I can only access their laptop with limited capability.
But according to KoF EMA Strategy, the trade is correct for countertrending and above the Support Box and Green Arrow that I added for V1.
cpfleger
  • #3,853
  • Mar 2, 2023 3:33am Mar 2, 2023 3:33am
Danielesse87,
I warned you yesterday about DRAINING THE BANKS, its a No No... please stop now or you will become a trading master.....arhhhhhhh.
cpfleger
  • #3,854
  • Mar 2, 2023 3:53am Mar 2, 2023 3:53am
Quoting cpfleger
Danielesse87, I warned you yesterday about DRAINING THE BANKS, its a No No... please stop now or you will become a trading master.....arhhhhhhh. cpfleger
crumbs are enough for me... they shouldn't notice
  • #3,855
  • Mar 2, 2023 4:17am Mar 2, 2023 4:17am
Just collecting some Pips on a Thursday morning... before the sun rises.
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 370 KB
  • #3,856
  • Mar 2, 2023 4:23am Mar 2, 2023 4:23am
Power of levels and emas
Attached Image (click to enlarge)
Click to Enlarge Name: the power of levels and emas.png Size: 68 KB
Make your own rules and stick to it.
  • #3,857
  • Mar 2, 2023 4:28am Mar 2, 2023 4:28am
Ive been using this strategy and I can see how good it is. Did anyone manage to create a EA or auto trading program in MT4 and with any success? My discipline and patience is not the best.

best
J
  • #3,858
  • Mar 2, 2023 4:38am Mar 2, 2023 4:38am
I exited, but just look the force from that level , if i wait for only this kind of setup,only this kind , dd is a minimum and chances that ema 9 got hit is enormous
Make your own rules and stick to it.
  • #3,859
  • Mar 2, 2023 4:47am Mar 2, 2023 4:47am
charli86
As I have said many times within this Forum, EMA Ratio is;
9 EMA = 100%
20 EMA = 90%
50 EMA = 50%
200 EMA = 25%
Grab an EMA and enjoy.
cpfleger
  • #3,860
  • Mar 2, 2023 5:06am Mar 2, 2023 5:06am
Fast PIPS on UJ.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 27 KB
27 traders viewing now