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M1 Countertrend Scalping Strategy

  • #5,001
  • Apr 15, 2023 9:56am Apr 15, 2023 9:56am
Quoting cpfleger
Seabreeze, I see the dog is happier, talk soon. cpfleger
Lol
Yeah
Happy dog, happy wife = happy life.

Signing Off.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #5,002
  • Apr 15, 2023 3:13pm Apr 15, 2023 3:13pm
Thank you for the indicators, cpfleger.

Nice work.

I've recently gone back to using KOF after a couple of years floundering with other strategies. I have been successful in the last few months using another strategy, but KOF is a lot of fun and I can still remember the one King trade I lost. It was late in the day and I was trading on something like Aud/Cad. Volume went down to zero for hours and stayed in a loss. I closed it rather than wake up the next day to disaster.

Lesson learned.
Golden nuggets of wisdom not offered here.
  • #5,003
  • Apr 15, 2023 3:29pm Apr 15, 2023 3:29pm
Low volume makes a slow afternoon of trading, but we are still performing... next target 2000 points.
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 391 KB
  • #5,004
  • Apr 16, 2023 6:52am Apr 16, 2023 6:52am
Sunday morning trades, low volume means slow trading...
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 444 KB
  • #5,005
  • Apr 16, 2023 7:16am Apr 16, 2023 7:16am
I know there are only few people attending right now but if you have any questions, now is the time to ask...
cpfleger
  • #5,006
  • Apr 16, 2023 8:04am Apr 16, 2023 8:04am
Not much happening today, very slow but manage this one
and a few little scalps. That will do me for today.
Lovely weather outside so off to enjoy it.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD5.png Size: 33 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #5,007
  • Apr 16, 2023 8:05am Apr 16, 2023 8:05am
Quoting cpfleger
Dino10, As requested, MT5 Indi's and Template, please read the screenprint NOTE. cpfleger {file} {file} {file} {file} {file} {file} {file} {image}
Hi, new to the thread and really interested after watching some of KoF videos before I saw this.

Thank you for generously sharing your advice and indicators to help us lesser mortals. I noticed your MT5 indicators are lacking the RSI with MA that you have on MT4. Do you know what makes the line red or green on that indicator and I will code it up then share on here. It's not as simple as up = green down = red, it seems to be a little late to change colour some time, but I don't see the reason.
  • #5,008
  • Apr 16, 2023 8:10am Apr 16, 2023 8:10am
Quoting cpfleger
I know there are only few people attending right now but if you have any questions, now is the time to ask... cpfleger
cpfleger, I don't understand the RSI, I can't seem to read what it is trying to tell me
without patience how can you be a trader?
  • #5,009
  • Apr 16, 2023 8:29am Apr 16, 2023 8:29am
Steverino832,
See screenprint my man.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 475 KB
  • #5,010
  • Apr 16, 2023 8:35am Apr 16, 2023 8:35am
Steverino832,
See screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 425 KB
  • #5,011
  • Apr 16, 2023 8:42am Apr 16, 2023 8:42am
Steverino832,
See screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 417 KB
  • #5,012
  • Apr 16, 2023 8:53am Apr 16, 2023 8:53am
Last screenprint for a while, lunch with the Family.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 480 KB
  • #5,013
  • Apr 16, 2023 8:57am Apr 16, 2023 8:57am
Quoting cpfleger
Last screenprint for a while, lunch with the Family. cpfleger {image}
thank you so much!
without patience how can you be a trader?
  • #5,014
  • Apr 16, 2023 9:19am Apr 16, 2023 9:19am
Quoting cpfleger
Last screenprint for a while, lunch with the Family. cpfleger {image}
Nice clear explanation.
Enjoy your family time.

Was watching this one setting up so could not resist.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD6.png Size: 34 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #5,015
  • Apr 16, 2023 9:32am Apr 16, 2023 9:32am
Quoting cpfleger
Steverino832, See screenprint. cpfleger {image}
what is the template that you have on your chart now?
without patience how can you be a trader?
  • #5,016
  • Apr 16, 2023 1:05pm Apr 16, 2023 1:05pm
is this right?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 74 KB
without patience how can you be a trader?
  • #5,017
  • Apr 16, 2023 2:26pm Apr 16, 2023 2:26pm
Steverino832,
Change the RSI settings to 10.0 from 14.0. Lower TF's need lower settings.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 132 KB
  • #5,018
  • Apr 16, 2023 2:34pm Apr 16, 2023 2:34pm
Quoting cpfleger
Steverino832, Change the RSI settings to 10.0 from 14.0. Lower TF's need lower settings. cpfleger {image}
will do that, thank you for all your help.
without patience how can you be a trader?
  • #5,019
  • Apr 16, 2023 2:37pm Apr 16, 2023 2:37pm
Weekend trades over ....
Attached Image (click to enlarge)
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  • #5,020
  • Apr 16, 2023 7:38pm Apr 16, 2023 7:38pm
watching AU
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