M1 Countertrend Scalping Strategy

Elsaloon,
Still working on the system...
cpfleger

Last 1% Club Template for the day, Thunder Light System.
Elsaloon, you may like this system better than the previous 1% Clube system.
cpfleger

TLS example..

Sunday Art....
Last post today, enjoy.
cpfleger

[quote=cpfleger;14382529]Last 1% Club Template for the day, Thunder Light System. Elsaloon, you may like this system better than the previous 1% Clube system. cpfleger {image} {file}[/quote
Thanks a lot Have a good night

This mornings breakfast trade.
A nice long row of 15 bearish candles with last bearish candle body being small with large double wicks.
Price bounce off a double demand box and forms a green candle and only has a very small lower wick but larger upper wick indicating volatility to the up side.
Green continuation indicator
RSI green and crossing.
Enter the trade and look to exit.
my reasons to enter a trade are either.
price reaches ma's
price starts to form supply box
Zigzagm number moves from side of candle to above candle.
Either one of these I'm looking to exit.
Not the ideal pair this one. Look for pairs with lowest spreads.

GU

Good morning gentlemen.
This is my first month of real account trading. They are quite satisfactory results however I am thinking of not trading anymore. After a month I thought I had more confidence and more security but in reality it is not like that. It's not a question of money because as you can see I have +24% since I started. I can't find coherence in what I do, too based on emotions, on sensations. I know that this way of doing will not get me far. I continue to study the charts even when the market is closed and I see too many situations in which I wouldn't have known how to handle. As I have already said, entering the market is simple, it is the management that is complicated. I wish there were more posts about management rather than entry. And more posts on how to read price behavior. This would help. We have many rules on how to enter, but very few on how to manage operations. Happy trading everyone... see you soon

Danielesse87,
Its sad to hear you are having difficulty in managing your trades and it would be beneficial to all here if we could see your system to support your future endeavors...
cpfleger

Food for thought - which system is easier to use, manage and exit ???
Await your feedback.
cpfleger

both good system if know how to use it on the right time. just wait and patient

Dear CPflager
the systems I use are those indicated in this forum. All entry methods are good enough but that's not the problem. The problem is: you and the more experienced ones here, what do you do when the trade turns the other way?? it is obvious that even by following the rules to the letter, operations occur where the price does not do what we want. I don't think a fixed SL is a solution, and it seems to me that nobody here uses it. It could therefore be a signal in what the price does that takes us out ... but what are these signals? Something as simple as "change candle color" won't work. Just look at any graph to understand it. If we follow this rule sometimes we will have a big loss, other times we will eat our hands because then the price reverses again but we are already out. All this combined with the fact that profitable trades are only for a few pips. In some posts I read; it's simple, it's easy, just follow the rules...let me say it's not like that. Here everyone interprets those rules in their own way. Some are successful and some are not. I don't want to be critical of anyone. I have no pretensions because here everyone shares for free and I am very grateful to everyone. But this thread to improve should have more educational posts on management, on reading the behavior of prices. It doesn't need new entry methods. It was good V1,V2,V3 etc. Greetings

I am eating Bitcoin today, 10k in Pips already.

Danielesse87,
I understand and want to support as I have learned over the last 2 years that the first trade position is the most critical and my smallest lot size to keep the stress and strain down to an acceptable level. But every Trader must define his / her risk appetite before opening a trade position.
This is a Business, and all expenses must be defined and accepted before we open the door of trading.
This is why I tell most retail traders to start with a small live account which I do every week for the wife and learn to feel the Market, watch the HA Candle body and wick make different sizes, feel the price cycles and become a process master. The metric should be win / loss ratio and not profit.
And fear and greed is man made and not Market made, so the human element is the priority.
cpfleger

My opinion:
Left one is more simple and more acurate if we want to build wining ratios.

i will test it with M1 TF

% agree!

acknowledging what doesn't work is just another step of the development process towards improvement - do NOT trade live until you are ready, use a simulator and demo until you are - hang in there mate, you'll make it!

The TLS will be easier to manage

AU

I haven't tried TLS yet. I saw the video and I didn't quite understand the relationship with the zoom of the graphs. it actually left me a bit perplexed