Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
M1 Countertrend Scalping Strategy
KoF style.
I think I'm starting to see where the price really shows the right signals. And I'm starting to trust mediation as well. I spent many hours of the weekend seeing how the price behaves with the averages, I re-read some posts from cpflager and watched some videos from Kof. Now I don't want to confuse the new thread but I'm not following the cpflager rules to the letter but there's a lot in my style of what cpflager and Kof said. I'm placing a little less emphasis on POIs although I always look to the left of the chart to see if the price has room to fill. But I focus a lot on what the price does and in particular on the attempts it makes to reach the averages and the "failures" in reaching them above all.
I think I'm starting to see where the price really shows the right signals. And I'm starting to trust mediation as well. I spent many hours of the weekend seeing how the price behaves with the averages, I re-read some posts from cpflager and watched some videos from Kof. Now I don't want to confuse the new thread but I'm not following the cpflager rules to the letter but there's a lot in my style of what cpflager and Kof said. I'm placing a little less emphasis on POIs although I always look to the left of the chart to see if the price has room to fill. But I focus a lot on what the price does and in particular on the attempts it makes to reach the averages and the "failures" in reaching them above all.
Danielesse87, Nice trades and could you share the Indicator in the bottom window on the right side - Money / Percentage Indi. In a few KoF Video's, he states the audusd is better than eurusd or gbpusd due to the base price of the aussie compared to the others, so your theory is correct. cpfleger
This was a little risky as the price hadn't shown much strength in going after the averages...however it had already dropped quite a bit and on average this pair doesn't move that many pips so I was willing to risk it. I managed the trade adding trades only when the average 9 exceeded my previous order. I increased the trade size slightly only when confidence in the retracement increased. My goal was the EMA20 because it hadn't been touched yet. When he reached it I was in profit so I closed everything. Then I had to move to lunch otherwise I would have entered again after that further push with volume towards the lows and this time with a target at the EMA 35. Even today I reached my minimum target. Time to go to work. See you soon
