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M1 Countertrend Scalping Strategy

  • #4,661
  • Mar 28, 2023 12:59pm Mar 28, 2023 12:59pm
Squeezed over 330 Pips from Gold today and over 100 Pips yesterday, no too bad so far this week.
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  • #4,662
  • Mar 28, 2023 1:15pm Mar 28, 2023 1:15pm
Quoting cpfleger
Making a 4 Hour stretched target... {image}
Congranulate 1973 gold is tp hit?
  • #4,663
  • Mar 28, 2023 1:18pm Mar 28, 2023 1:18pm
Quoting cpfleger
Squeezed over 330 Pips from Gold today and over 100 Pips yesterday, no too bad so far this week. {image}
Nice brother
  • #4,664
  • Mar 28, 2023 2:40pm Mar 28, 2023 2:40pm
Quoting ART2498
Day -7 (Week 2- Day 2) Account BLOWN Was caught in a trend with cost averaging and down about 25-30% account size in gold when a sudden spike came and I had a 45 Pip 1 minute candle, and upto 60 pips in a few more candles. The sudden move brought me to the edge of a margin call and the move didnt seem to be slowing down either so I closed everything down. Gonna start round 2 tommorow. maybe I'll try a $200 account this time arround.
ART2498, you are using the wrong lot size for your account balance or Demo balance, whatever it is. KOF says that minimum is $1000 for .01 lot, but if you do not have that amount of money, then the minimum is $500. You were using .02, .03 and .05 and .06, you will blow your account sooner or later. In addition, trading Gold with that low balance is not a good idea.
  • #4,665
  • Mar 28, 2023 2:45pm Mar 28, 2023 2:45pm
EMA 200
Quoting anonymus
{quote} Hy can i ask the yellow indicator name and settings? Thanks
  • #4,666
  • Mar 28, 2023 3:53pm Mar 28, 2023 3:53pm
Quoting cpfleger
Squeezed over 330 Pips from Gold today and over 100 Pips yesterday, no too bad so far this week. {image}
Top Man
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,667
  • Mar 28, 2023 4:58pm Mar 28, 2023 4:58pm
Quoting ART2498
Day -7 (Week 2- Day 2) Account BLOWN Was caught in a trend with cost averaging and down about 25-30% account size in gold when a sudden spike came and I had a 45 Pip 1 minute candle, and upto 60 pips in a few more candles. The sudden move brought me to the edge of a margin call and the move didnt seem to be slowing down either so I closed everything down. Gonna start round 2 tommorow. maybe I'll try a $200 account this time arround.
that is what im talking about! D:
  • #4,668
  • Mar 28, 2023 5:00pm Mar 28, 2023 5:00pm
Quoting cpfleger
More Dollars... {image}
how about this one? did you closed it with a loss? or did you add your position as it goes down? Now its 76 pips drawdpwn?
  • #4,669
  • Mar 28, 2023 5:38pm Mar 28, 2023 5:38pm
Quoting cpfleger
Squeezed over 330 Pips from Gold today and over 100 Pips yesterday, not too bad so far this week. {image}
very well done!
without patience how can you be a trader?
  • #4,670
  • Mar 29, 2023 4:50am Mar 29, 2023 4:50am
How do YOU perfect your Trading Business ???
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  • #4,671
  • Mar 29, 2023 5:04am Mar 29, 2023 5:04am
GU
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  • #4,672
  • Mar 29, 2023 5:18am Mar 29, 2023 5:18am
Quoting cpfleger
How do YOU perfect your Trading Business ??? {image}
Hello cpfleger.
I have been following this thread for some time and find it very interesting and am still testing. I am trying other combinations of indicators to adapt it to my trading style. Thank you very much for your advices.
Gerry
  • #4,673
  • Mar 29, 2023 5:20am Mar 29, 2023 5:20am
Perfect that Trading Business - today.
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  • #4,674
  • Mar 29, 2023 5:26am Mar 29, 2023 5:26am
Perfect that SKILL.
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  • #4,675
  • Mar 29, 2023 5:50am Mar 29, 2023 5:50am
What do YOU see ?
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  • #4,676
  • Mar 29, 2023 5:56am Mar 29, 2023 5:56am
gerryjam,
Your welcomed but try and keep it simple and sweet, then you will become a Process Master.
Performance is King.
cpfleger
  • #4,677
  • Mar 29, 2023 6:01am Mar 29, 2023 6:01am
Quoting cpfleger
What do YOU see ? {image}
Answering from my mobile at work but couldn’t help myself getting involved (naughty me)

Trend continuation
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,678
  • Mar 29, 2023 6:03am Mar 29, 2023 6:03am
Excuses on a Wednesday... please apply.
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  • #4,679
  • Mar 29, 2023 6:05am Mar 29, 2023 6:05am
Seabreeze,
Yes but the thought was around the difference in the Timeframes - M1 to M5, your eyes do not align properly and all most retail Traders see is the 5M line of green candles and Money, not the 1 Trade or many trades on the 1M because we want a Lambo and NOT to become a Process Master, thats soooo boring.. More money for me then.
cpfleger
  • #4,680
  • Mar 29, 2023 6:08am Mar 29, 2023 6:08am
Lambo's
It cost 5k within the first month to replace the clutch plates that you will wear out burning rubber.
Oil change is 3,5k in 6 weeks.
Tires (Tyres for the Brits) will set you back 15k in 8 weeks.

Oh sh*t I only won 175k on Forex and not another 20k for maintenance, damn miscalculated again.
cpfleger
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