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M1 Countertrend Scalping Strategy

  • #4,341
  • Mar 17, 2023 8:12am Mar 17, 2023 8:12am
Quoting Chucun
Another quick scalp before I go to bed. Goodnight traders. {image}
Very nice Chucun! The bands seem to be adding clarity to those extremes.

Practice makes the master.
  • #4,342
  • Mar 17, 2023 11:09am Mar 17, 2023 11:09am
Quoting Tuatuanlq
{quote} Can you give me the indication of supply and demand and set the parameters for that indication? thank you very much
Hi tuatuanlq, I'm at work at the moment. I will provide it to the thread later today.
  • #4,343
  • Mar 17, 2023 12:05pm Mar 17, 2023 12:05pm
Quoting Abade
{quote} Very nice Chucun! The bands seem to be adding clarity to those extremes. Practice makes the master.
Abade, yes, you are 100% correct. Practice makes YOU a master.
The zones are not exactly Bollinger Bands, similar to it, but they are 50 moving average, shifted up and down, with an ATR multiplier applied to them. You can use Bollinger bands or envelopes in its place. I believe you use Bollinger bands in your trading.
  • #4,344
  • Mar 17, 2023 12:51pm Mar 17, 2023 12:51pm
Quoting Chucun
{quote} Abade, yes, you are 100% correct. Practice makes YOU a master. The zones are not exactly Bollinger Bands, similar to it, but they are 50 moving average, shifted up and down, with an ATR multiplier applied to them. You can use Bollinger bands or envelopes in its place. I believe you use Bollinger bands in your trading.
Amen! Chucun.. you are getting better by the day! I love this quote by Michael Jordan:

"Practice like you've never won. Play like you've never lost." - -Michael Jordan

When you get a chance I would love to check out your BB indicator and settings you use.
  • #4,345
  • Mar 17, 2023 6:08pm Mar 17, 2023 6:08pm
going with the trend is more beneficial than going against it
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  • #4,346
  • Mar 17, 2023 6:09pm Mar 17, 2023 6:09pm
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  • #4,347
  • Mar 17, 2023 6:21pm Mar 17, 2023 6:21pm
Quoting mario777
going with the trend is more beneficial than going against it {image}
sure, it might be for you, but this thread is primarily about the development of a COUNTER trend strategy
every minute matters!
  • #4,348
  • Mar 17, 2023 6:54pm Mar 17, 2023 6:54pm
Quoting Chucun
{quote} Hi tuatuanlq, I'm at work at the moment. I will provide it to the thread later today.
thank you very much
  • #4,349
  • Mar 17, 2023 9:25pm Mar 17, 2023 9:25pm
Quoting mario777
going with the trend is more beneficial than going against it {image}
Interesting setup! What indicator are you using to form the red and green/blue lines on the chart, and what settings do you use?
  • #4,350
  • Mar 17, 2023 11:41pm Mar 17, 2023 11:41pm
Quoting mario777
going with the trend is more beneficial than going against it {image}
Bitcoin trends nicely, sadly that's not the case for most forex pairs in the lower time-frames.

I believe that catching homeruns is possible with any strategy. However, there are very long spans of time where they won't happen and will get whipsaw instead, that's why I'd rather have a short term target and stick to the hit & run approach.

Best regards!
  • #4,351
  • Mar 18, 2023 12:26am Mar 18, 2023 12:26am
A few morning coins collected.
Not sure why pips counter not working
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,352
  • Mar 18, 2023 3:25am Mar 18, 2023 3:25am
Seabreeze,
Open Indicator settings and compare or submit here asap.
cpfleger
  • #4,353
  • Mar 18, 2023 3:31am Mar 18, 2023 3:31am
Coin collecting on a Saturday morning...
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  • #4,354
  • Mar 18, 2023 4:36am Mar 18, 2023 4:36am
Mouse finger is calibrated....
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  • #4,355
  • Mar 18, 2023 5:54am Mar 18, 2023 5:54am
Quoting cpfleger
Seabreeze, Open Indicator settings and compare or submit here asap. cpfleger
I can get pips realised to show these figures which are my accumulated trades from yesterday and today on BTCUSD.

Is there any way of of re-setting back to 0 for a new trading day.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDM5.png Size: 16 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,356
  • Mar 18, 2023 6:14am Mar 18, 2023 6:14am
Seabreeze,
Only by going to Account History and defining todays date which will clear yesterdays data OR re-install the Indicator again.
cpfleger
  • #4,357
  • Mar 18, 2023 7:16am Mar 18, 2023 7:16am
Quoting cpfleger
Seabreeze, Only by going to Account History and defining todays date which will clear yesterdays data OR re-install the Indicator again. cpfleger
Think I was having a senior moment these realised pips are from today. I was concentrating on the process and didn't realised I had accumulated as many pips today.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDM11.png Size: 18 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,358
  • Mar 18, 2023 7:18am Mar 18, 2023 7:18am
Your having too much fun matey....
  • #4,359
  • Mar 18, 2023 7:43am Mar 18, 2023 7:43am
Quoting cpfleger
Your having too much fun matey....
Your indicators make it fun.

Maybe a tad early getting into this one but a nice bounce of subdem confirmed by Arrow and Zigzagm plus nice tick volume on sellers side, just had to be a few pips in it.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDM12.png Size: 16 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,360
  • Mar 18, 2023 7:49am Mar 18, 2023 7:49am
Agree, too early but watch the colored MA Line and Candle Timer - 10 seconds before a new candle - finger on the mouse, get ready, ready fire...
cpfleger
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