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M1 Countertrend Scalping Strategy

  • #3,881
  • Mar 2, 2023 9:23am Mar 2, 2023 9:23am
erod84, cpfleger, charli86 I stil don't understand erod's strategy Can you help me my friends
  • #3,882
  • Mar 2, 2023 9:27am Mar 2, 2023 9:27am
Quoting cpfleger
josh1111, Are you getting use to watching the Diamond and then the Gann MA Colored Line??? cpfleger
yup
entries are pretty sharp
dealing with the trades that go the wrong way are my issue.
Still hedging, but only if it gets out of whack
  • #3,883
  • Mar 2, 2023 9:30am Mar 2, 2023 9:30am
josh1111,
Try just following the Gann MA Colored Line until the next Diamond, maybe the 5M TF also since its slightly slower than 1M.
cpfleger
  • #3,884
  • Mar 2, 2023 9:30am Mar 2, 2023 9:30am
Quoting erod84
{quote} You got this bro! I’m so proud to see you progress. Never quit! We are family on this thread! Brothers. I don’t know if you ever saw the Rocky series with Stallone (my fav) but man!! Some motivation there. This is for you charli86 https://youtube.com/shorts/CSC65eCVopk?feature=share
Thank you Brandon,love this speech,it's a legend .We are here all brothers my man,i bet all of us so much energy invest in this ,that option of failing is not acceptable anymore.You know,in previous career ,i was programming robots in car-automotive industry for 10+ years all over the globe, it took me years to learn with practice,countless hours of work,all the manuals and learning is nothing compare to working with them on site and getting more and more experience and "feel" ,does not matter witch model of robot it was at the end, basic was the same,and what tool is caring,small 200kg or 3 tons, at the and all became very very easy not matter how complicated it was looking at the beggining....For market,i got that same attitude like when I was working on site, only I have a bit less energy then 10-15 years ago .
Make your own rules and stick to it.
  • #3,885
  • Mar 2, 2023 9:32am Mar 2, 2023 9:32am
Quoting cpfleger
josh1111, Try just following the Gann MA Colored Line until the next Diamond, maybe the 5M TF also since its slightly slower than 1M. cpfleger
ok
here is where I am currently sitting
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  • #3,886
  • Mar 2, 2023 9:37am Mar 2, 2023 9:37am
Quoting josh1111
{quote} ok here is where I am currently sitting {image}
got out in small profit
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  • #3,887
  • Mar 2, 2023 9:45am Mar 2, 2023 9:45am
Quoting erod84
{quote} You got this bro! I’m so proud to see you progress. Never quit! We are family on this thread! Brothers. I don’t know if you ever saw the Rocky series with Stallone (my fav) but man!! Some motivation there. This is for you charli86 https://youtube.com/shorts/CSC65eCVopk?feature=share
Nice positivity!
erode84 I would love to see you start posting presetup screenshots so we can learn your process a little better by taking trades with you.
Thanks for all of the contributions.
  • #3,888
  • Mar 2, 2023 9:51am Mar 2, 2023 9:51am
watching gcad
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  • #3,889
  • Mar 2, 2023 9:56am Mar 2, 2023 9:56am
Quoting josh1111
{quote} Nice positivity! erode84 I would love to see you start posting presetup screenshots so we can learn your process a little better by taking trades with you. Thanks for all of the contributions.
Pre Setup’s that’s a good suggestion. Ok, coming up once I get back to trading next week. I’m out for family remainder of this week.
  • #3,890
  • Mar 2, 2023 10:00am Mar 2, 2023 10:00am
Quoting josh1111
watching gcad {image}
entered now going wrong way
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  • #3,891
  • Mar 2, 2023 10:01am Mar 2, 2023 10:01am
Quoting charli86
{quote}Thank you Brandon,love this speech,it's a legend .We are here all brothers my man,i bet all of us so much energy invest in this ,that option of failing is not acceptable anymore.You know,in previous career ,i was programming robots in car-automotive industry for 10+ years all over the globe, it took me years to learn with practice,countless hours of work,all the manuals and learning is nothing compare to working with them on site and getting more and more experience and "feel" ,does not matter witch model of robot it was at...
We have a similar background! Computer science major Java/C++ programmer here but laid off in 2013 after 8 years.

I’m now just doing Forex primarily and currently work part time in the insurance industry to keep busy.

Forex is no different! Being a Doctor is no different! Hard work, long hours and lots and lots of practice.
  • #3,892
  • Mar 2, 2023 10:05am Mar 2, 2023 10:05am
Quoting Elsaloon
erod84, cpfleger, charli86 I stil don't understand erod's strategy Can you help me my friends
Hi Elsaloon,i think the best answer will Brandon(erod84)give regarding levels and liquidity grab, he is mastered this,i think Cpfleger mastered ema20 approach,kof approach, with or without looking on levels he is getting great results, on another hand,i mark points of interest(points where price hover for some time, days etc) and when price approach those levels, if rsi is giving me green light(rsi div), and price aggressively approach those poi, with good distance towards ema 9 (as my safe target ) I take a shoot,also watching m1 tf and distance between price and especially ema 50 and 100) ,thing is,ema 9 will got hit,just metter of time, sometimes I wait more and miss opportunity,as I put common sense ,like before on ga I was kinda sure that first level will not hold as I was thinking it is too obvious for that support and everyone see this ,if I am on dd I may charge more, exit again on ema 9,or wait ema 20,but I think the safest is ema 9 no matter what...This is ga,first level I was skipping ,took 5 pips from second level, waited more down but price respected third level and now smashing it .Sorry if I give you confused answer
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Make your own rules and stick to it.
  • #3,893
  • Mar 2, 2023 10:06am Mar 2, 2023 10:06am
Quoting Elsaloon
erod84, cpfleger, charli86 I stil don't understand erod's strategy Can you help me my friends
Elsaloon,

My strategy is exactly the same as cpfleger.. however what I do is scalp around order blocks on the higher time frames. What you do is zoom out to 1 or 4 hour chart look for sharp moves up or down mark up your levels go down to 15 minute and refine the level.

Wait for price to be close to this area, and if cpfleger template aligns with it you scalp big orders with big profit. I posted some good videos in earlier posts.. stay tuned! I’m making my own and the thread op (Abade) gave me the green light. I believe this is going to be a game changer for all! Ask charli86 and daniesse87.

The video will be ready soon! Where I’ll explain how to put the zones and use as confluence with cpfleger template.
  • #3,894
  • Mar 2, 2023 10:08am Mar 2, 2023 10:08am
Quoting charli86
{quote}Hi Elsaloon,i think the best answer will Brandon(erod84)give regarding levels and liquidity grab, he is mastered this,i think Cpfleger mastered ema20 approach,kof approach, with or without looking on levels he is getting great results, on another hand,i mark points of interest(points where price hover for some time, days etc) and when price approach those levels, if rsi is giving me green light(rsi div), and price aggressively approach those poi, with good distance towards ema 9 (as my safe target ) I take a shoot,also watching m1 tf and...
Also,sometimes price touch ema 9 and goes more from there living us a pinbar that in one moment may be filled ,again ,for me all depends how price behaves,i do not know how to describe differently
Make your own rules and stick to it.
  • #3,895
  • Mar 2, 2023 10:16am Mar 2, 2023 10:16am
Quoting charli86
{quote}Hi Elsaloon,i think the best answer will Brandon(erod84)give regarding levels and liquidity grab, he is mastered this,i think Cpfleger mastered ema20 approach,kof approach, with or without looking on levels he is getting great results, on another hand,i mark points of interest(points where price hover for some time, days etc) and when price approach those levels, if rsi is giving me green light(rsi div), and price aggressively approach those poi, with good distance towards ema 9 (as my safe target ) I take a shoot,also watching m1 tf and...
Well said! And elsaloon you aren’t required to put levels or follow my approach to trade this successfully. However, if you want 99.999% stress free trading and no cost averaging in and out of trades within minutes.. then levels are for you. I don’t ever have drawdown or worry about a big trend that kof talks about because as I’ve explained. I know the weather forecast with the levels! Price is a magnet to them and it comes down to orders. Banks have to cost average their positions so they will break it down into small pieces or hence you get gaps “liquidity voids” and bad prices for them as a result. Banks and hedge funds move the market! These levels are where you’ll see price make sudden moves.

Have you ever seen on a chart where a gap in price is? It will always get tested to dump their orders and get a better price.

The video should help you and other members if they want to use this in their trading. Consider it a tool. It’s been a game changer for me! And I know several other members.
  • #3,896
  • Mar 2, 2023 10:17am Mar 2, 2023 10:17am
Quoting josh1111
{quote} entered now going wrong way {image}
worked out
Hopefully I will get my funding challenge account back to where I started at $200K soon. The second day of trading I found out the hard way my EA DD safety closer was calculated differently than the Prop Firm calculates it and it close $9k of hedge trades in loss. Basically like starting over but at least I didn't lose my initial investment.
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  • #3,897
  • Mar 2, 2023 10:20am Mar 2, 2023 10:20am
josh1111,
Why did you enter earlier than the Gann MA Line after the last white Diamond, less risk and drawdown.
cpfleger
  • #3,898
  • Mar 2, 2023 10:22am Mar 2, 2023 10:22am
Quoting cpfleger
josh1111, Why did you enter earlier than the Gann MA Line after the last white Diamond, less risk and drawdown. cpfleger
I didn't it just appears that way because it repainted
  • #3,899
  • Mar 2, 2023 10:37am Mar 2, 2023 10:37am
josh1111,
Are you looking at the RSI before you open a trade because your last screenprint shows a conflict with the RSI where you opened a trade. I thought the Diamond did not repaint and I have been watching it for the last 5 minutes on the 1M TF Chart and have not seen a repaint, only when the candle is still open but once closed no repaint, correct me if I am wrong.
cpfleger
  • #3,900
  • Mar 2, 2023 10:40am Mar 2, 2023 10:40am
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