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M1 Countertrend Scalping Strategy

  • #4,621
  • Mar 28, 2023 1:05am Mar 28, 2023 1:05am
Getting better with exits. process over money. Profit by a cats whisker

Time for work.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,622
  • Mar 28, 2023 1:10am Mar 28, 2023 1:10am
try to catch a small money before take lunch
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  • #4,623
  • Mar 28, 2023 1:11am Mar 28, 2023 1:11am
Seabreeze,
May I make two comments-
1) Wait for the resistance or support Box to start to paint and then look for an opposite trade position. Your last trade was early - due to no resistance box yet, wait for the box to paint one to two candles and then a Sell. Zoom in.
2) Look at the Red MA Line and use this as your trading plan - to buy only as all candles are above this Line. Trend or countertrend, this system does both.

Timing and location of the Market is vital.
cpfleger
  • #4,624
  • Mar 28, 2023 1:22am Mar 28, 2023 1:22am
Seabreeze,
An example...
cpfleger
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  • #4,625
  • Mar 28, 2023 1:25am Mar 28, 2023 1:25am
Quoting cpfleger
Seabreeze, An example... cpfleger {image}
Noted, printed and above my screens for reference to remind me.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,626
  • Mar 28, 2023 1:31am Mar 28, 2023 1:31am
Seabreeze,
Sometimes the old RSI is better too.
cpfleger
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  • #4,627
  • Mar 28, 2023 2:21am Mar 28, 2023 2:21am
some pips here
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  • #4,628
  • Mar 28, 2023 2:24am Mar 28, 2023 2:24am
Quoting TransparentT
{quote} Interesting indicator on the bottom right showing your results! Where did you get it from?
Hi!it was shared a few posts ago
  • #4,629
  • Mar 28, 2023 2:55am Mar 28, 2023 2:55am
out a bit early but i was in profit...don't want to be greedy
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  • #4,630
  • Mar 28, 2023 3:25am Mar 28, 2023 3:25am
Quoting TransparentT
{quote} Interesting indicator on the bottom right showing your results! Where did you get it from?
post 4570
  • #4,631
  • Mar 28, 2023 3:32am Mar 28, 2023 3:32am
Thanks in advance.
Hi.

I want to prevent Arrow_Signal(1) from being repainted.Is it possible?
If it is not possible, I would like to create it myself, so is it possible to tell me specifically which rule is used for drawing?
Thank you again.
  • #4,632
  • Mar 28, 2023 4:22am Mar 28, 2023 4:22am
here too I exit before my goal which was at EMA35 where, among other things, the box that cpflager talks about began to print. All handled KOF style. I apologize if these are not trades that follow the cpflager rules to the letter but in this thread there has always been a lot of talk about KOF and the template also has his name.
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  • #4,633
  • Mar 28, 2023 4:46am Mar 28, 2023 4:46am
Hello from Poland.I read the topic and practice on a demo account
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  • #4,634
  • Mar 28, 2023 5:04am Mar 28, 2023 5:04am
Danielesse87,
I am not sure if I understand your comments or not, so I will try.

The SupDem Indicator was introduced over 2 years ago once I watch all of KoF's Video's at the time because of the negative cash trade positions as demonstrated by KoF to this date which I did not like due to too much Drawdown, so the SupDem Indicator starts to paint vertically above or below a candle to state a reversal is coming. Additionally, by KoF Video's, tough / runway trades will happen due to the fact there are usually 3 to 4 minor pullbacks before a true reversal happens, which happened on your last screnprint. This is why I tell traders to WAIT for SupDem BOX to start to paint, it is stating the little pullbacks are over and a major change will happen shortly. I do not like the DD stress and strain, one small lot size in DD is enough for me.

I prefer positive cash trading, once the initial trade is in profit I will add if the balance can handle the extra position(s). All MA's state two facts, directional and act as dynamic support and resistance zones even though they are lines. I hope this makes sense.
cpfleger
  • #4,635
  • Mar 28, 2023 5:31am Mar 28, 2023 5:31am
Trying for another 100 Pip Gold trade today...
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  • #4,636
  • Mar 28, 2023 5:41am Mar 28, 2023 5:41am
Quoting cpfleger
Danielesse87, I am not sure if I understand your comments or not, so I will try. The SupDem Indicator was introduced over 2 years ago once I watch all of KoF's Video's at the time because of the negative cash trade positions as demonstrated by KoF to this date which I did not like due to too much Drawdown, so the SupDem Indicator starts to paint vertically above or below a candle to state a reversal is coming. Additionally, by KoF Video's, tough / runway trades will happen due to the fact there are usually 3 to 4 minor pullbacks before a true reversal...
I apologize if my messages are not very clear as English is not my first language. I meant in my previous message that I could have waited to exit near the EMA35. And that the box had appeared right next to the EMA. I hope it is clear. Greetings
  • #4,637
  • Mar 28, 2023 5:43am Mar 28, 2023 5:43am
74 Pips...
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  • #4,638
  • Mar 28, 2023 5:49am Mar 28, 2023 5:49am
More Dollars...
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  • #4,639
  • Mar 28, 2023 5:59am Mar 28, 2023 5:59am
Quoting cpfleger
Danielesse87, I am not sure if I understand your comments or not, so I will try. The SupDem Indicator was introduced over 2 years ago once I watch all of KoF's Video's at the time because of the negative cash trade positions as demonstrated by KoF to this date which I did not like due to too much Drawdown, so the SupDem Indicator starts to paint vertically above or below a candle to state a reversal is coming. Additionally, by KoF Video's, tough / runway trades will happen due to the fact there are usually 3 to 4 minor pullbacks before a true reversal...
As for minor pullbacks. How do you locate them? which ones do you consider? The ones that touch the 9 or 20 EMA? or do you look at HA candles and only consider pulbacks when there are color changes?
  • #4,640
  • Mar 28, 2023 6:04am Mar 28, 2023 6:04am
Danielesse87,
I refer to candle color changes and if you look at your last screen-printed Chart you will see roughly around 4 minor pullbacks before the actual resistance Box.
These minor pullbacks are what messes up other traders as they think it is going for a major reversal and its not - fake out, and leads to big DD, I do not like.
So if a Trader makes an early entry using a small lot size, his DD will be acceptable until the Box paints and then he will add a position whilst in profit and make up for the stress and strain to his facial wrinkles, arhhhhhhhhhhhhh.
cpfleger
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