M1 Countertrend Scalping Strategy | Page 247 | Forex Factory

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M1 Countertrend Scalping Strategy

  • #4,921
  • Apr 9, 2023 9:33pm Apr 9, 2023 9:33pm
Over 75 Pips on Gold...
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  • #4,922
  • Apr 9, 2023 9:39pm Apr 9, 2023 9:39pm
Quoting cpfleger
Over 75 Pips on Gold... {image}
well done sir!
without patience how can you be a trader?
  • #4,923
  • Apr 9, 2023 9:43pm Apr 9, 2023 9:43pm
Over 85 Pips and shooting for 100 before bedtime...
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  • #4,924
  • Apr 9, 2023 9:47pm Apr 9, 2023 9:47pm
Quoting cpfleger
Over 85 Pips and shooting for 100 before bedtime... {image}
very nice!
without patience how can you be a trader?
  • #4,925
  • Apr 9, 2023 9:51pm Apr 9, 2023 9:51pm
Over 110 Pips within 2 hours, great Sunday night trading... Bitcoin is too slow.
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  • #4,926
  • Apr 9, 2023 10:12pm Apr 9, 2023 10:12pm
Quoting cpfleger
Over 110 Pips within 2 hours, great Sunday night trading... Bitcoin is too slow. {image}
awesome!
without patience how can you be a trader?
  • #4,927
  • Apr 10, 2023 12:56am Apr 10, 2023 12:56am
This mornings breakfast coin collecting.
A black box forms and good strong candles form upwards.
Strong Candle with single wick forms
Continuation Green
Rsi Turns green and crosses.
Enter Trade.
Entry looks high above candle due to spread
being large.
Exit/ 3 candle rule or if candles look strong exit at ema's
Wick also started to turn black
Price close to busy price area.
I'm happy to exit.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDM510042023.png Size: 26 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,928
  • Apr 10, 2023 1:18am Apr 10, 2023 1:18am
Just I wanted to enter this one before work.
Black box formed below price
Thinner black box above from 5m time frame(added confidence)
Single wick candle forms
Continuation red
RSI crosses and turns red
Enter trade.
Look for either 3 candle rule, ema's wicks forming black or shorter bodies on candles.
Happy to exit.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1100423.png Size: 28 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,929
  • Apr 10, 2023 9:33am Apr 10, 2023 9:33am
After work coin collecting.

Black box forms is also showing on 15M,30M,and 1H timeframes.
Single wick green candle forms.
Continuation indicator Green
RSI turns green and crosses
Enter trade
First price hits ma but good sized body so wait to see what next candle does.
Price stalls and 3 candle rule met and touched ma
close to a busy area where price might stall
Happy to exit trade.
Attached Image (click to enlarge)
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,930
  • Apr 10, 2023 10:02am Apr 10, 2023 10:02am
Nothing really new here but my old eyes are getting tired of colors, SR Box to SR Box...
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  • #4,931
  • Apr 10, 2023 10:23am Apr 10, 2023 10:23am
Normal M15 Chart for everyone else...
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  • #4,932
  • Apr 10, 2023 10:29am Apr 10, 2023 10:29am
Bitcoin still playing Drawdown since Friday...
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  • #4,933
  • Apr 10, 2023 12:07pm Apr 10, 2023 12:07pm
Quoting cpfleger
Nothing really new here but my old eyes are getting tired of colors, SR Box to SR Box... {image}
Like my dad always said it's not the tools it's the carpenter!
without patience how can you be a trader?
  • #4,934
  • Apr 10, 2023 12:22pm Apr 10, 2023 12:22pm
Steverino832,
A wise man, tools enable the human efforts.
cpfleger
  • #4,935
  • Apr 10, 2023 12:24pm Apr 10, 2023 12:24pm
Golden nuggets...
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  • #4,936
  • Apr 10, 2023 1:35pm Apr 10, 2023 1:35pm
A couple of gold nuggets for a last trade of the day. its well into evening so time for a nice cup of tea and relax.

Price moving away from box also visible on 5M chart
Single wick candle closes
Green continuation Indicator
RSI turn green and crossed
Enter Trade
price moves into MA's
Rejection off busy area
Happy to close trade.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM1aazz.png Size: 30 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,937
  • Apr 10, 2023 2:41pm Apr 10, 2023 2:41pm
A little more Gold please...
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  • #4,938
  • Apr 10, 2023 7:13pm Apr 10, 2023 7:13pm
Double trouble....
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  • #4,939
  • Apr 10, 2023 7:17pm Apr 10, 2023 7:17pm
Tuesday Gold trade..
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  • #4,940
  • Apr 11, 2023 4:12am Apr 11, 2023 4:12am
Overnight trades with Gold.
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