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M1 Countertrend Scalping Strategy

  • #4,701
  • Mar 29, 2023 1:11pm Mar 29, 2023 1:11pm
Today’s trades. I only traded Monday and Today.. still taking care of domestic affairs. But shows you it’s still possible! This was all done on an iPhone with a VPS (to check cpfleger template)

April 6th I’ll take a nice withdrawal. So… as cpfleger says master the process!! You don’t need SMC to trade it successfully but it helps to filter and avoid long trends in my 2 years of experience trading KOF style.

I’m done for this week.
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  • #4,702
  • Mar 29, 2023 1:14pm Mar 29, 2023 1:14pm
Quoting erod84
Today’s trades. I only traded Monday and Today.. still taking care of domestic affairs. But shows you it’s still possible! This was all done on an iPhone with a VPS (to check cpfleger template) April 6th I’ll take a nice withdrawal. So… as cpfleger says master the process!! You don’t need SMC to trade it successfully but it helps to filter and avoid long trends in my 2 years of experience trading KOF style. I’m done for this week. {image}
Awesome Dear!
  • #4,703
  • Mar 29, 2023 1:24pm Mar 29, 2023 1:24pm
Will my tp Hit?
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  • #4,704
  • Mar 29, 2023 2:50pm Mar 29, 2023 2:50pm
Quoting cpfleger
Uraim, a KoF EMA V6 szitanyomással készült, szívesen fogadjuk a megjegyzéseket. cpfleger {image}
Dear cpfleger, that's what I was thinking... Thanks.
  • #4,705
  • Mar 29, 2023 5:01pm Mar 29, 2023 5:01pm
Quoting cpfleger
More Dollars... {image}
LOL! cp why are you afraid to answer my question about this trade? was it closed with loss or did averaging like KOF? did it work with your 3 candle strategy? you only show winning trades
  • #4,706
  • Mar 29, 2023 5:33pm Mar 29, 2023 5:33pm
Quoting ahsan321
{quote} Hi Steverino Can you show next eurusd chart where your tp hit
sorry for the bad screenshot, it was a small trade had to close it early .it ran for a mile after I closed it
without patience how can you be a trader?
  • #4,707
  • Mar 29, 2023 7:23pm Mar 29, 2023 7:23pm
My trades from the last 2 1/2 weeks.

No one is perfect. Losses are imminent. Some losses are due to cost averaging, where most of my trades are in profit but some are not; overall, either BE or in profit. Some losses are from me trying to catch a trend and exiting when I see the price crossing the 200 EMA. The goal is to be consistently profitable. I did get caught in a few trends but managed it well. I have a decent appetite for drawdown, though they were not extreme. What I find useful in those situations is going to the 5 min, sometimes 15 or 1 hour, and marking those levels (turning points/extreme highs or lows) in the market and anticipating a major reaction in those areas. The majority of the time, the price reverses at those levels. I don't jump in any trade, most of my trades, I trade at a level in the market where the price reacted before.
Don't try to get rich quickly, build your tolerance and slowly level up. I will increase my lot size to .02 soon, maybe next month or the month after.
Trading is a process, master it.
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  • #4,708
  • Mar 29, 2023 8:20pm Mar 29, 2023 8:20pm
Quoting erod84
{quote} 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.
Good to hear your wife is on the improve. I've heard mixed reports regards Eightcap but happy to hear your experience has been a positive one. I'll take a challenge with tft, as you're happy . Prop I'm with is still slipping me beyond what I consider "reasonable".
Cheers
  • #4,709
  • Mar 29, 2023 8:28pm Mar 29, 2023 8:28pm
Quoting mario777
{quote}LOL! cp why are you afraid to answer my question about this trade? was it closed with loss or did averaging like KOF? did it work with your 3 candle strategy? you only show winning trades
You have made your mind up, so let it go. The strat is viable.
  • #4,710
  • Mar 30, 2023 12:05am Mar 30, 2023 12:05am
Todays breakfast trade. Gold nuggets are becoming my stable breakfast diet.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,711
  • Mar 30, 2023 1:11am Mar 30, 2023 1:11am
Quoting Seabreeze
Todays breakfast trade. Gold nuggets are becoming my stable breakfast diet. {image}
Hi Seabreeze can you share Gold H1 chart here
  • #4,712
  • Mar 30, 2023 2:08am Mar 30, 2023 2:08am
GU
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  • #4,713
  • Mar 30, 2023 6:34am Mar 30, 2023 6:34am
Quoting fxdragon
last trade before sleep, practise and patient {image}
Love this your template. Do you mind sharing?
  • #4,714
  • Mar 30, 2023 7:22am Mar 30, 2023 7:22am
Boy, you guys are awesome.

I've been into forex trading back in 2006 and I was blown away during the 2008 crisis. To never look into it anymore.

Just recently, I decided to have a look into it (man, we were trading cable at the 2,00 level in those days).

And this strategy plus the KoF videos are helping a lot.

Been very careful (VERY CAREFUL) these days, and making 100% winning trades as I go on getting to know the aspects of this strategy.

Like, today, I was caught up shorting USDCAD but I trusted the system and ended up in the green (the averages! the averages!!!!).

Back in the day I would have swallowed a bitter loss.

Anyways, thanks for your inputs here. Long way to go for me here, but I'm confident now trading by instruments instead of flying visual.
  • #4,715
  • Mar 30, 2023 8:09am Mar 30, 2023 8:09am
Quoting erod84
Today’s trades. I only traded Monday and Today.. still taking care of domestic affairs. But shows you it’s still possible! This was all done on an iPhone with a VPS (to check cpfleger template) April 6th I’ll take a nice withdrawal. So… as cpfleger says master the process!! You don’t need SMC to trade it successfully but it helps to filter and avoid long trends in my 2 years of experience trading KOF style. I’m done for this week. {image}
Impressive as usual!
Congrats on getting your first payout soon and for your wife's recovery.
  • #4,716
  • Mar 30, 2023 8:43am Mar 30, 2023 8:43am
EURJPY baby pips
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  • #4,717
  • Mar 30, 2023 8:43am Mar 30, 2023 8:43am
setup
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  • #4,718
  • Mar 30, 2023 12:57pm Mar 30, 2023 12:57pm
I got into the market for the last time this week. I liked the rhythm and liquidity movement. Wanted to make it a goal $20k for the week.. and well I made it.

Made the gif to show I cut some losses early. The reasons behind it:

1 ) USDCHF broke my 1 hr order block. So I cut with a small loss.

2 ) EURUSD broke my 4 hour zone I marked out.. it was a bit higher than 1.0920 but dropped right after hitting this area. Again, it’s OK! I cut my loss and moved on. I was strict on where my zone was.

3 ) USDCAD same here. I mapped out a 4 hour order block zone at 1.3565/1.3550 it broke my level and I let my trade go.

in the end I was profitable! Zero emotions involved. No revenge trades etc. I’m not perfect either, but still at the end of the day/week I’m in profit. Just wanted to leave my reasons to help you understand my psychology.

Can you do $20k a week from an iPhone with this strategy?
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  • #4,719
  • Mar 30, 2023 5:54pm Mar 30, 2023 5:54pm
Quoting erod84
I got into the market for the last time this week. I liked the rhythm and liquidity movement. Wanted to make it a goal $20k for the week.. and well I made it. Made the gif to show I cut some losses early. The reasons behind it: 1 ) USDCHF broke my 1 hr order block. So I cut with a small loss. 2 ) EURUSD broke my 4 hour zone I marked out.. it was a bit higher than 1.0920 but dropped right after hitting this area. Again, it’s OK! I cut my loss and moved on. I was strict on where my zone was. 3 ) USDCAD same here. I mapped out a 4 hour order block...
You must have a live myfxbook account to prove such results don't you?
Discouragement is the language of the devil. Results over hype.
  • #4,720
  • Mar 30, 2023 8:05pm Mar 30, 2023 8:05pm
Quoting callmechief
{quote} You must have a live myfxbook account to prove such results don't you?
I don't think he needs to prove you anything, why would he lie about it here if there is no gain for him by doing it (other than inflate his ego)
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