M1 Countertrend Scalping Strategy | Page 214 | Forex Factory

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M1 Countertrend Scalping Strategy

  • #4,261
  • Mar 14, 2023 11:41am Mar 14, 2023 11:41am
Even More 15s imbalances you could comfortably trade to the 80ema. Very often, there's an opposite imbalance at where at the 80ema is.
Do take note that this is still M1 counter-trend trading. I'm just using the 15s to refine entries.

P.S. Ignore the running trade. That one is a non-related SMC trade placed on the 15s.
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Leave the Gun, Take the Armani
  • #4,262
  • Mar 14, 2023 12:29pm Mar 14, 2023 12:29pm
Took a counter-trend trade.
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Leave the Gun, Take the Armani
  • #4,263
  • Mar 14, 2023 12:41pm Mar 14, 2023 12:41pm
Quoting cliffjaded
Took a counter-trend trade. {image}
very intresting! Thanks for sharing!
  • #4,264
  • Edited 1:26pm Mar 14, 2023 1:00pm | Edited 1:26pm
Another one. Included a before screenshot to indicate where i put the stop as well as when i move to break-even. Entry is about 50% of of the imbalance. Target at 50% of opposite imbalance with close watch on the 80ema due to liquidity (equal lows) at the area.

8.5 min TP. I need to study and backtest this more!

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Leave the Gun, Take the Armani
  • #4,265
  • Mar 14, 2023 2:14pm Mar 14, 2023 2:14pm
Quoting erod84
My trade for today. I’m done and wrapped up. USDCAD hit the gap down created on Sunday opening (liquidity void) I waited and opened my positions. It’s a riskier trade for beginners, however I was confident in my analysis and zone. As you can see price diverged and is currently going south hard. I was in and out of this trade in 4 minutes total... for those who say they are afraid. Use SMC concepts, and you'll never have drawdown. It's a PERFECT compliment to this system. Thanks cpfleger again for the awesome template. {image} {image} {image}
So just to clarify did you place 12+ different 1 lot Sell positions all at almost the same time? If so why?
What was your lot sizing/quantities when you were working on passing your challenge?
Thanks
https://www.forexfactory.com/attachm...l?d=1678713528
  • #4,266
  • Mar 14, 2023 4:22pm Mar 14, 2023 4:22pm
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...
HI do you have a ballpark figure on lotsize we should be using on Funded accounts using the KOF method with multiple entries. I was thinking 0.25 lots per 100k accounts
  • #4,267
  • Mar 15, 2023 12:19am Mar 15, 2023 12:19am
UJ trade. Good setup, price approach the Resistance area,
We should get a reaction from the level.
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  • #4,268
  • Mar 15, 2023 6:06am Mar 15, 2023 6:06am
If I had managed to hold this trade... now waiting for a minimum reaction... it doesn't seem to want to stop anymore
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  • #4,269
  • Mar 15, 2023 8:03am Mar 15, 2023 8:03am
After News sales....
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  • #4,270
  • Mar 15, 2023 8:18am Mar 15, 2023 8:18am
It wasn't easy today because the price didn't respect anything of what has been done in the last few days. I made some small trades in the areas where the price slowed down, following the price closely on M1 because on higher time frames it practically never reacted (at least on EJ). Minimum target of 20 pips daily reached. Glad I didn't get stuck. I heard the market. Although it could have been better because I could have ridden some of this strong movement. But I kept asking myself: and if does it reverse right now? Lots to improve still. Meanwhile, my account continues to grow steadily. See you soon.
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Results of last 7 days of trading
  • #4,271
  • Mar 15, 2023 8:39am Mar 15, 2023 8:39am
Less than 1 hour - over 120 Pips...
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  • #4,272
  • Mar 15, 2023 8:49am Mar 15, 2023 8:49am
Damn I love scalping....
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  • #4,273
  • Mar 15, 2023 8:53am Mar 15, 2023 8:53am
yup
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  • #4,274
  • Mar 15, 2023 8:56am Mar 15, 2023 8:56am
josh1111,
Now we are cookin, steaks for a wednesday lunch, sir.
cpfleger
  • #4,275
  • Mar 15, 2023 9:15am Mar 15, 2023 9:15am
Another 20 Pips, scalping is soooo smooth.
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  • #4,276
  • Mar 15, 2023 9:19am Mar 15, 2023 9:19am
A little Gold nuggets from the good ole Swiss Bank...
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  • #4,277
  • Mar 15, 2023 11:00am Mar 15, 2023 11:00am
Some swiss cheese after the Gold run, mmmmm scalping is the BEST.
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  • #4,278
  • Mar 15, 2023 11:06am Mar 15, 2023 11:06am
NAS100
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  • #4,279
  • Mar 15, 2023 1:27pm Mar 15, 2023 1:27pm
Quoting cpfleger
Another 20 Pips, scalping is soooo smooth. {image}
HI CP do you place a stoploss or enter multiple entries like the KOF system thanks
  • #4,280
  • Mar 15, 2023 7:33pm Mar 15, 2023 7:33pm
Watching EJ
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