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M1 Countertrend Scalping Strategy

  • #3,961
  • Mar 3, 2023 4:15am Mar 3, 2023 4:15am
Kaboooooooooom.
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  • #3,962
  • Mar 3, 2023 4:17am Mar 3, 2023 4:17am
Trust is your new friend, the SYSTEM, let it work for YOU...
  • #3,963
  • Mar 3, 2023 4:18am Mar 3, 2023 4:18am
Quoting cpfleger
Kaboooooooooom. {image}
I told you, proper harakiri move
Make your own rules and stick to it.
  • #3,964
  • Mar 3, 2023 4:23am Mar 3, 2023 4:23am
The SYSTEM does talk to YOU...
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  • #3,965
  • Mar 3, 2023 4:24am Mar 3, 2023 4:24am
gold for NY season 1853 to be observed ,if reach there today
Make your own rules and stick to it.
  • #3,966
  • Mar 3, 2023 4:25am Mar 3, 2023 4:25am
Are YOU listening ????? 2 Ears and 1 Mouth.
  • #3,967
  • Mar 3, 2023 4:29am Mar 3, 2023 4:29am
Quoting cpfleger
The SYSTEM does talk to YOU... {image}
Yes, I exited my long EJ @ 50 ema on 1 minute for 4.5 pips. Should've switched up to 5 minute and exited at 20 ema.... I'll take the pips
  • #3,968
  • Mar 3, 2023 4:35am Mar 3, 2023 4:35am
Cpfleger is right, for me on ss marked is why this zone and more down if that falls, with ema and rsi mix,,starting from 27 of February
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Make your own rules and stick to it.
  • #3,969
  • Mar 3, 2023 4:37am Mar 3, 2023 4:37am
Friday Food For Thought.

The EMA System is all YOU need, adhere to the RULES.

Trend or Countertrend, your decision BUT become a Process Master.

Have a great day.
cpfleger
  • #3,970
  • Mar 3, 2023 4:42am Mar 3, 2023 4:42am
One more and see you guys,gbpcad I am waiting 63300,maybe reaction now but for me I am waiting nothing before around 63300....
Make your own rules and stick to it.
  • #3,971
  • Mar 3, 2023 4:49am Mar 3, 2023 4:49am
Quoting charli86
One more and see you guys,gbpcad I am waiting 63300,maybe reaction now but for me I am waiting nothing before around 63300....
Thanks for the heads up. Nice zone. Resistance and supply
  • #3,972
  • Mar 3, 2023 5:56am Mar 3, 2023 5:56am
1 System...
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  • #3,973
  • Mar 3, 2023 6:37am Mar 3, 2023 6:37am
Gentlemen,
For someone like me who would like to turn trading into something more than a hobby, and doesn't have large funds available to start with, what would be a correct progression in position sizing with this system? By correct I mean, a progression that avoids margin calls, and that allows the inexperienced trader to gradually grow along with the account. I address my question to the more experienced traders in here like cpflager, erod84 and others.
Thanks a lot.
  • #3,974
  • Mar 3, 2023 6:45am Mar 3, 2023 6:45am
Danielesse87,
I trade my wife's very small account every week as she withdrawals over 90% of the profits as her weekly spending money.
This can be 10 to 25 usd balance on a Monday, its hard but builds discipline.
Lot size 0.01 with a target of 2 to 5 Pips at the 20 EMA each trade, grow slow and steady.
Have a great weekend.
cpfleger
  • #3,975
  • Mar 3, 2023 7:00am Mar 3, 2023 7:00am
Quoting cpfleger
Danielesse87, I trade my wife's very small account every week as she withdrawals over 90% of the profits as her weekly spending money. This can be 10 to 25 usd balance on a Monday, its hard but builds discipline. Lot size 0.01 with a target of 2 to 5 Pips at the 20 EMA each trade, grow slow and steady. Have a great weekend. cpfleger
Cpflager Thank you for your answer. However, it doesn't answer my question. Starting from a small account, I would like to gradually grow it to allow me to pay the grocery but also the bills . I don't want to do it recklessly and risk burning the account, but I also don't want to get there after years. I'm not talking about getting rich but getting to an average salary (which in Italy is around €1000 a month) stressing the system just enough not to lose everything. And above all without overtrading. Aiming for 1-5% per day. I don't think it's impossible. I'm trying to build an excel sheet to help me with this but I wanted to know the opinion of traders with more experience. Thank you very much
  • #3,976
  • Mar 3, 2023 9:49am Mar 3, 2023 9:49am
Quoting Danielesse87
{quote} Cpflager Thank you for your answer. However, it doesn't answer my question. Starting from a small account, I would like to gradually grow it to allow me to pay the grocery but also the bills . I don't want to do it recklessly and risk burning the account, but I also don't want to get there after years. I'm not talking about getting rich but getting to an average salary (which in Italy is around €1000 a month) stressing the system just enough not to lose everything. And above all without overtrading. Aiming...
I think you know the answer yourself, if you don't think to invest a lot of money, the prop firm like MFF or TFF is the right answer for you... after 2-3 months of challenge period you can have enough trading capital to live on those incomes...
  • #3,977
  • Mar 3, 2023 12:44pm Mar 3, 2023 12:44pm
Quoting zozon99
{quote} I think you know the answer yourself, if you don't think to invest a lot of money, the prop firm like MFF or TFF is the right answer for you... after 2-3 months of challenge period you can have enough trading capital to live on those incomes...
I hadn't actually considered this alternative. I'll keep that in mind thanks
  • #3,978
  • Mar 4, 2023 7:06am Mar 4, 2023 7:06am
Saturday morning coin collecting...
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  • #3,979
  • Mar 4, 2023 7:31am Mar 4, 2023 7:31am
Patience is Profits (PIPs)
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  • #3,980
  • Mar 4, 2023 8:26am Mar 4, 2023 8:26am
Managing the Market...
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