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M1 Countertrend Scalping Strategy

  • #4,081
  • Mar 9, 2023 5:09am Mar 9, 2023 5:09am
Quoting Danielesse87
Master Cpfleger, in the supdem box indicator is it not possible to add shifting somehow? This way you could better see the action of the current candle
Click the SupDem green box on bottom right corner to hide
  • #4,082
  • Mar 9, 2023 5:12am Mar 9, 2023 5:12am
Looks like US$ weakness and retrace some of Tuesday's move
  • #4,083
  • Mar 9, 2023 6:00am Mar 9, 2023 6:00am
i will try to explain it. The right end of the box coincides with the current candle. This makes it impossible to see the wicks of the current candle. Mine was just a question if it was possible to do that.
  • #4,084
  • Mar 9, 2023 6:03am Mar 9, 2023 6:03am
Danielesse87,
You cannot adjust the shift on the SR Indicator, this is why I use the zigzagm Indicator along with the SR Indicator.
cpfleger
  • #4,085
  • Mar 9, 2023 6:44am Mar 9, 2023 6:44am
Quoting cliffjaded
Taken out at $5.67. {image} I want to show some screenshots on how to use M1 zones to counter-trend scalp back to the 20ema or even to an opposite zone. They are by no means fool-proof but they provide pretty sharp reaction levels. {image} {image}
Good to see another fellow trader using levels!
  • #4,086
  • Mar 9, 2023 7:05am Mar 9, 2023 7:05am
today I experienced the fear of being stuck in a breakout. Luckily then, thanks to a Cpfleger signal I was pretty sure where to exit and managed to recover by closing with a small win. My mistake was to use an already tested area. Lesson learned, from tomorrow only cool areas. I closed the day with a +0.66%. Not so much but I had more conservative management today.

Attached Image (click to enlarge)
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I could have exited at the 20 EMA but I closed everything at break even
  • #4,087
  • Mar 9, 2023 8:14am Mar 9, 2023 8:14am
Another day, another profit gents. I'm closing up for today! never be greedy. See my thoughts and psychology below. Do you see how AWESOME and powerful using levels are? I was in and out of this trade within 5 minutes. By the way, who would be interested in trading with me? perhaps I could post pre setups? I know one trader suggested it but let me know if there's enough interest i'll do it.

1 ) USD/JPY entered my 1 hour POI (refined on 15 min chart) alarm signaled. I patiently waited for the signals to align up

2 ) Checked 15 min chart and saw RSI 14 divergence another confidence it's going in my direction

3 ) Pulled the trigger and closed almost $900 in profit

The video is coming! I promise. Taking the time to ensure it's quality.
Attached Image(s) (click to enlarge)
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  • #4,088
  • Mar 9, 2023 8:28am Mar 9, 2023 8:28am
Just pickin and a grinin...
Attached Image (click to enlarge)
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  • #4,089
  • Mar 9, 2023 8:30am Mar 9, 2023 8:30am
Quoting cpfleger
Just pickin and a grinin... {image}
Did you manage to grab USD/JPY boss?
  • #4,090
  • Mar 9, 2023 8:45am Mar 9, 2023 8:45am
erod84,
No Sir, too busy pickin Gold...
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  • #4,091
  • Mar 9, 2023 8:53am Mar 9, 2023 8:53am
USDJPY now...
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  • #4,092
  • Mar 9, 2023 8:58am Mar 9, 2023 8:58am
USDCAD now...
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  • #4,093
  • Mar 9, 2023 8:59am Mar 9, 2023 8:59am
Quoting cpfleger
Just pickin and a grinin... {image}
What are the arrows on your chart?
  • #4,094
  • Mar 9, 2023 9:08am Mar 9, 2023 9:08am
rcbarlow,
Open up the above paperclip and go to page 2, see screenprint.
cpfleger
Attached Image (click to enlarge)
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  • #4,095
  • Mar 9, 2023 9:19am Mar 9, 2023 9:19am
Thank you very much. Don't know how I missed that.
  • #4,096
  • Mar 9, 2023 9:21am Mar 9, 2023 9:21am
If anyone wants to trade GBPUSD with me 1.1968 / 1.19850 is my area to load up if the stars align.
Attached Image (click to enlarge)
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  • #4,097
  • Mar 9, 2023 9:59am Mar 9, 2023 9:59am
Quoting erod84
If anyone wants to trade GBPUSD with me 1.1968 / 1.19850 is my area to load up if the stars align. {image}
your logic is perfect to trade the system
  • #4,098
  • Mar 9, 2023 10:16am Mar 9, 2023 10:16am
Quoting mizi123
{quote} your logic is perfect to trade the system
Thank you. It might not hit today being London just closed, but keep it as your POI and watch. There’s liquidity up there to fill. Be a sniper! Chris Kyle.
  • #4,099
  • Mar 9, 2023 10:24am Mar 9, 2023 10:24am
Quoting erod84
If anyone wants to trade GBPUSD with me 1.1968 / 1.19850 is my area to load up if the stars align. {image}
erod84, why did you use that doji candle as your POI rather than the buliish candle before it?
  • #4,100
  • Mar 9, 2023 11:20am Mar 9, 2023 11:20am
Quoting sol4live
{quote} erod84, why did you use that doji candle as your POI rather than the buliish candle before it?
If you zoom out on the 1 hour chart, there’s a bunch of lower wicks in this area. This is where orders are stacked, I’m also watching that bullish candle area.
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