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M1 Countertrend Scalping Strategy

  • #4,221
  • Mar 13, 2023 10:38am Mar 13, 2023 10:38am
AU
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  • #4,222
  • Mar 13, 2023 10:50am Mar 13, 2023 10:50am
I really like this trade, I noticed this OB last night, but I was late from work, I didn't make it on time to take a trade...
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  • #4,223
  • Mar 13, 2023 11:23am Mar 13, 2023 11:23am
Quoting zozon99
I really like this trade, I noticed this OB last night, but I was late from work, I didn't make it on time to take a trade... {image} {image}
Beautiful quality A+ setup. Combine with this strategy and you will be a winner. You can even swing it if you want.. I take my 5 pips and go. AU dropped 45 pips since touching this level 50 mins ago.. it’s what I tell the group. What fear? Use SMC and become unstoppable.
  • #4,224
  • Mar 13, 2023 11:30am Mar 13, 2023 11:30am
Thanks erod84
I don't want to be boring, but I found another one...
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  • #4,225
  • Mar 13, 2023 11:38am Mar 13, 2023 11:38am
Quoting zozon99
Tnanks erod84 I don't want to be boring, but I found another one... {image} {image}
Wow!! Good one. I can see you’ve been taking lessons to heart last bearish candle on 1 or 4 hour chart before run up.. that’s the liquidity level. Drop down to 5 or 15 min chart and wait for it to enter your level “shaded area” I set alerts in TradingView that pop on my phone.

I can see it swept the low, came back filled the area and now climbing. Also divergence there if you noted. Good work! You’ve got this zozon99
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  • #4,226
  • Mar 13, 2023 11:48am Mar 13, 2023 11:48am
Today's trading stats, from a mobile phone, is not easy... and a letter from MyForexFounds...
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  • #4,227
  • Mar 13, 2023 12:03pm Mar 13, 2023 12:03pm
Quoting zozon99
Today's trading stats, from a mobile phone, is not easy... and a letter from MyForexFounds... {image} {image}
Woo Hoo!!!! Smash Phase 2! you can do it.
  • #4,228
  • Mar 13, 2023 12:08pm Mar 13, 2023 12:08pm
My progress in first 14 days (2 weeks of trading my first $300k funded account at TFT) I'm not showing this to impress you but to impress UPON you what's possible with this system. I'm not ostentatious or like to flash lambos or rolex watches, so this is the only time i'll show a balance like this. It's purely for motivation only.

I traded nothing but this 100% that Abade, cpfleger, and KOF teach.. the only modification i implemented in my strategy is:

1 ) SMC concepts. Using daily/4hour/1hour order block levels to trade around using signals from the template.

2 ) I take profit at 5 pips.

That's about all. So... Can you live with 5-10 pips a day? do the math.

Yes, I scratched out my account number for privacy.
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  • #4,229
  • Mar 13, 2023 12:36pm Mar 13, 2023 12:36pm
Quoting erod84
My progress in first 14 days (2 weeks of trading my first $300k funded account at TFT) I'm not showing this to impress you but to impress UPON you what's possible with this system. I'm not ostentatious or like to flash lambos or rolex watches, so this is the only time i'll show a balance like this. It's purely for motivation only. I traded nothing but this 100% that Abade, cpfleger, and KOF teach.. the only modification i implemented in my strategy is: 1 ) SMC concepts. Using daily/4hour/1hour order block levels to trade around using signals from...
Just, wow...
  • #4,230
  • Mar 13, 2023 12:49pm Mar 13, 2023 12:49pm
Hi erod84 and zozon99
Congratulation to the both of you, we love your progress and we are glad that this strategy is evolving and we can see the potential of waiting for your POI, but some of us are a little bit confuse, because your POI is subjective, we are not clear if it's and order block, previous breaker, range or fvg you are using to mark out your levels. We know how busy life can be, so we understand and we are grateful for you charts, but we employ either of you both to give us a clear view of your strategy, i thank every body that has help build this thread to this stage...
  • #4,231
  • Mar 13, 2023 1:43pm Mar 13, 2023 1:43pm
Quoting erod84
{quote} Beautiful quality A+ setup. Combine with this strategy and you will be a winner. You can even swing it if you want.. I take my 5 pips and go. AU dropped 45 pips since touching this level 50 mins ago.. it’s what I tell the group. What fear? Use SMC and become unstoppable.
The problem I think is that not everyone can be accurate in identifying POIs with precision. The fear that the drawn POI will be ignored is always present. I speak for myself. My small $200 account has been in profit every day since I've been using this method but the fear of getting caught in a beakout is always there.
  • #4,232
  • Mar 13, 2023 2:06pm Mar 13, 2023 2:06pm
KoF is live on Youtube....
  • #4,233
  • Mar 13, 2023 2:25pm Mar 13, 2023 2:25pm
For me, if I see two large candles of the same color, and a small doji of a different color has settled between them, it is a very good sign that it is a reinvestment of a large bank, which is pushing the market further in the desired direction... you should always pay attention to those places...
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  • #4,234
  • Mar 13, 2023 8:26pm Mar 13, 2023 8:26pm
Quoting Danielesse87
{quote} The problem I think is that not everyone can be accurate in identifying POIs with precision. The fear that the drawn POI will be ignored is always present. I speak for myself. My small $200 account has been in profit every day since I've been using this method but the fear of getting caught in a beakout is always there.
Which makes me lean towards a stop-loss or using a small account with big lot sizes. Using a $100 account with 0.01 lots should allow you to average down and get lucky enough times to flip your account and take out your capital. If you want to go with conservative lot sizing, it would make more sense to use a stop loss because those small profits WILL get wiped out eventually by a non-relenting trend. No point averaging down with small lots (relative to account size) only to get all wiped out eventually. Unless you do something like set a protective stop (30%) - the assumption here is that you're able to profit consistently enough that an eventual 30% stop-out still allows you to come out profitable.

Even if you refine your POIs or use LTF confirmation and other confluences, nothing is set in a stone. POIs do fail.
Leave the Gun, Take the Armani
  • #4,235
  • Mar 14, 2023 1:29am Mar 14, 2023 1:29am
Hello traders!!

I hope everyone is progressing in their trading journey.
Just getting back to it, was traveling for work.
Catch the beginning of the trend my trailing stop was a little too close to close 2.5 pips, just barely tapped it and continued up. Then catch the sell back to the 9 ema.
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  • #4,236
  • Mar 14, 2023 2:04am Mar 14, 2023 2:04am
Quoting Danielesse87
{quote} The problem I think is that not everyone can be accurate in identifying POIs with precision. The fear that the drawn POI will be ignored is always present. I speak for myself. My small $200 account has been in profit every day since I've been using this method but the fear of getting caught in a beakout is always there.
Look for price to run hard into your POI. erod84 has also mentioned this. Even if it is not the "true" turning point of the move, price will often turn to bring traders and liquidity into the market before retesting the POI. Take your quick pips and reevaluate on a possible retest.
  • #4,237
  • Mar 14, 2023 2:55am Mar 14, 2023 2:55am
EC on intresting POI
  • #4,238
  • Mar 14, 2023 3:14am Mar 14, 2023 3:14am
Quoting Danielesse87
EC on intresting POI
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  • #4,239
  • Mar 14, 2023 3:31am Mar 14, 2023 3:31am
Danielesse87,
Do you see the zigzag Pip Number to the right of the candles above the last white Diamond?
Wait for that number to paint above vertically the last candle and then exit. This number is counting the Pips between the last number (below the white Diamond at the bottom) and the actual present candle, smart Indi.
cpfleger
  • #4,240
  • Mar 14, 2023 3:34am Mar 14, 2023 3:34am
Danielesse87,
Example for your eyes.
cpfleger
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