Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

strategy builder/tester for new scalping strategy 1 reply

1M & 5M Scalping System (Scalping Paradise) 21 replies

Reversals vs. CounterTrend Trade 28 replies

CounterTrend Trading 58 replies

Attachments: M1 Countertrend Scalping Strategy
Exit Attachments

M1 Countertrend Scalping Strategy

The Market is beautiful, just look.
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 287 KB
Nothing but ME...
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 269 KB
Quoting cpfleger
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

yep I did see that the trade was born from the 1m chart and that if you entered on a 1m chart and switched to 5m chart after the 3 candle rule on a trend continuation trade you might see that 5m chart has set up nicely to continue trading from the 5m chart for 3 5m rule. If not close trade. But difficult to explain from work on mobile. So I will keep quiet as I’ve no intentions of buying a Lamborghini.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
37 to 39 Viewers and only 2 to 3 participants... proves my point.
I spent many years perfecting Baseball as a teenager, practice and f*cking practice but it paid off, 3 State Championships before my 16th Birthday, I was great.
Now after over 40 years serving many Companies in my career I retired and now I am a Process Master.
No one but ME.
Have a great day people.
cpfleger
Quoting cpfleger
37 to 39 Viewers and only 2 to 3 participants... proves my point. I spent many years perfecting Baseball as a teenager, practice and f*cking practice but it paid off, 3 State Championships before my 16th Birthday, I was great. Now after over 40 years serving many Companies in my career I retired and now I am a Process Master. No one but ME. Have a great day people. cpfleger
you still did not answer my question
Quoting erod84
{quote} Thanks good to see the regulars still active. I've been taking care of the wife after a recent surgery.. so this was all done on a mobile phone watching the signals on a VPS i have.
Hey erod, hope your wife is recuperating and doing well and you're able to dedicate more times to the screens.
How are you finding the prop trading? Decent fills and slippage not an issue?
Dear cpfleger
I don't post my tade but i practice a lot.
I don't know why, but i'm not as successfull as others and for sure less less than you
I don't like to enter a lot of positions like KOF (big risk of big loss and too much stress for me)
I put a SL at 5 pips
Question:
When you are in a loosing position, do you close the trade at the 3rd candle ?
When you have a reverse signal with a loosing position, do you close ?
Thank you for your help
Chris
Quoting Elsaloon
Dear cpfleger I don't post my tade but i practice a lot. I don't know why, but i'm not as successfull as others and for sure less less than you I don't like to enter a lot of positions like KOF (big risk of big loss and too much stress for me) I put a SL at 5 pips Question: When you are in a loosing position, do you close the trade at the 3rd candle ? When you have a reverse signal with a loosing position, do you close ? Thank you for your help Chris
I'm not cpfleger so apologies. What's your target on the 5 pips stop? Assume you're trading the 1 minute?
Not as succesful as others! So you make money but not happy?
last trade before sleep, practise and patient
Attached Image (click to enlarge)
Click to Enlarge Name: Capture3.JPG Size: 263 KB
Some AU pips, just focusing on being a process master.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 37 KB
Watching CHFJPY for one more trade before the Brits go home.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 39 KB
Quoting cpfleger
37-39 néző és csak 2-3 résztvevő... bizonyítja az álláspontomat. Sok évet töltöttem azzal, hogy tinédzserként tökéletesítsem a baseballt, edzek és rohadt gyakorlatokat, de kifizetődő volt, 3 állami bajnokság a 16. születésnapom előtt, nagyszerű voltam. Most, miután több mint 40 évet szolgáltam több vállalatnál karrierem során, nyugdíjba vonultam, és most folyamatmester vagyok. Senki, csak ÉN. Szép napot emberek. cpfleger
Dear cpfleger, I also use your indicators, I like them all very much. I try really hard to follow the rules, but I make mistakes several times... and even then I'm still profitable in Demo. There is also (I know this is not necessarily good) I open a position on both sides and wait for the loss to be minimized.
Do you like the KOF 6 template, can you share it?
Thanks.
Quoting fxdragon
last trade before sleep, practise and patient {image}
If you are scalping for a few pips on lower time frame it is better to choose something with lower spread.
Or is there a reason you chose this pair?
We cut the winners short and let the losers run.
thanks for your advise my friend
Quoting Ryd3n
{quote} If you are scalping for a few pips on lower time frame it is better to choose something with lower spread. Or is there a reason you chose this pair?
Quoting Terpinko
{quote} Dear cpfleger, I also use your indicators, I like them all very much. I try really hard to follow the rules, but I make mistakes several times... and even then I'm still profitable in Demo. There is also (I know this is not necessarily good) I open a position on both sides and wait for the loss to be minimized. Do you like the KOF 6 template, can you share it? Thanks.
not sure if this is the one
Attached File(s)
File Type: tpl KoF EMA Strategy V5.tpl   105 KB | 101 downloads
without patience how can you be a trader?
Quoting HitTheBid
{quote} I'm not cpfleger so apologies. What's your target on the 5 pips stop? Assume you're trading the 1 minute? Not as succesful as others! So you make money but not happy?
Yes 1 min
My target is MA20 or I close on 3rd candle
I have some loosing days
just a quick trade be for heading out
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 57 KB
without patience how can you be a trader?
Quoting Steverino832
just a quick trade be for heading out {image}
Hi good trade congratulate
Quoting Steverino832
just a quick trade be for heading out {image}
Hi Steverino
Can you show next eurusd chart where your tp hit
Quoting HitTheBid
{quote} Hey erod, hope your wife is recuperating and doing well and you're able to dedicate more times to the screens. How are you finding the prop trading? Decent fills and slippage not an issue?
Thanks for asking! And good question. I trade on Eightcap live broker with TFT, instant fills and no slippage at all. Plenty of liquidity. Although I trade mostly during London/NY overlap (early EST) timeframe.
7 traders viewing now, 2 are members:
catafx
,
korosh1350