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M1 Countertrend Scalping Strategy

  • #5,041
  • Apr 17, 2023 2:03pm Apr 17, 2023 2:03pm
Quoting Seabreeze
This will probably be the last one of these I post as I think the point has been made and I don't want to bore people. 400 trades now reached. {image}
Great work Seabreeze.. awesome results. Do you use any confluence in your trades? or just strictly the template signals? i didn't see any mention in your earlier posts so just curious.
  • #5,042
  • Apr 17, 2023 2:18pm Apr 17, 2023 2:18pm
Quoting erod84
{quote} Great work Seabreeze.. awesome results. Do you use any confluence in your trades? or just strictly the template signals? i didn't see any mention in your earlier posts so just curious.
I do look for price to approach levels on higher time frames and if I see the template entry signal I’m good to go.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #5,043
  • Apr 17, 2023 2:53pm Apr 17, 2023 2:53pm
Pre-Setup on GBP/USD:

I'm watching 1.2415 / 1.2424 on GBPUSD if anybody want's to trade it with me.. I expect during London open (4/18) price will fill this level and drop further to 1.2350ish. Set your price alarm, open your cpfleger template and let's see if we can get some good trades out of this zone.
Attached Image (click to enlarge)
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  • #5,044
  • Apr 17, 2023 3:47pm Apr 17, 2023 3:47pm
Another good day.

4-0 this morning. Modest gains (50 pips). But when you are trading with no losses, that's on the lower end of "ok".
Had to cut the day short so ended trading at 7:30Est.

That's 25 wins in a row from last week through today.

Really enjoy counter trading. I love to see price go further away from short ema, even after my initial entry. It just means more room for profits. I'm using a smaller lot size for first entry and in the past, I just focused on closing at price retuning to short ema. Now, I've been better at holding out for the 20 or 50 ema.
Golden nuggets of wisdom not offered here.
  • #5,045
  • Apr 18, 2023 12:14am Apr 18, 2023 12:14am
This mornings breakfast trade.
The sell entry was taken because of confluence with 5m to 1H charts
Attached Image (click to enlarge)
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #5,046
  • Apr 18, 2023 12:50am Apr 18, 2023 12:50am
A few gold nuggets before work.
Attached Image (click to enlarge)
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #5,047
  • Apr 18, 2023 2:02am Apr 18, 2023 2:02am
Quoting cpfleger
Dato il 1988, anche per aggiungere ai commenti di Seabreeze, se una nuova persona in questo forum leggesse l'intero forum che so che è una seccatura ma avresti letto che ho passato un'azienda di prop mesi fa con questo sistema, quindi funziona e funziona ma come tutti i sistemi il Santo Graal è il COMMERCIANTE. Ci sono molte informazioni all'interno di questo forum dal primo giorno di Abade e poi altre nel tempo... Leggi per preparare la tua attività di trading. cpflegert
First, thank you for what you do, thanks to those who help the community can never be enough.
In which post can I find your indicators and signals for entering the market?
Or are the ones in the first few posts of the Thread okay?
Thanks again
  • #5,048
  • Apr 18, 2023 3:26am Apr 18, 2023 3:26am
Quoting erod84
I hope everyone has been trading and making some green. My wife is recovered, and now i'm back to trading. Yes, TFT did successfully pay me out on the withdrawal made on Apr 6th using this strategy alone. It's a 5 figure payout. However, i'm now moving to pass a challenge at 5%ers prop firm.. in 7 days I passed phase 1 of the 100K challenge. This one not only pays you the percentage of profit, but also as you scale up pays a monthly salary: https://the5ers.com/high-stakes What are your dreams? I have done nothing but scalp around liquidity...
do you use a stop loss? im also with 5ers 100k bootcamp, they require sl for all orders and only allow max 2% positions opened per currency pair
Seek first to understand, then to be understood
  • #5,049
  • Apr 18, 2023 4:40am Apr 18, 2023 4:40am
4-0 But low volume. Sitting at 40 pips.

Looking for 100 today, which is good for me.

Still no losses.

Watch TV, make money. A little exercise every morning now that I'm back to trades only lasting 5-20 minutes to play out. I'm probably overdue for one that drags on for an hour and a half
Golden nuggets of wisdom not offered here.
  • #5,050
  • Apr 18, 2023 4:48am Apr 18, 2023 4:48am
Does anyone else have charts set up for multiple strategies?

Here's my basic KOF with a 25/150 EMA crossover (white buy arrow) and a PSAR.
Attached Image (click to enlarge)
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Golden nuggets of wisdom not offered here.
  • #5,051
  • Apr 18, 2023 5:17am Apr 18, 2023 5:17am
Quoting toshio
{quote} do you use a stop loss? im also with 5ers 100k bootcamp, they require sl for all orders and only allow max 2% positions opened per currency pair
The bootcamp program requires SL yes, but not HighStakes. I don’t use SL.
  • #5,052
  • Apr 18, 2023 5:47am Apr 18, 2023 5:47am
Quoting erod84
{quote} The bootcamp program requires SL yes, but not HighStakes. I don’t use SL.
what about size per position? How much did you use? You mentioned trading from your phone, i do that too. attached screenshot of my interpretation of the strategy plot on Tradingview.
Attached Image (click to enlarge)
Click to Enlarge Name: TradingView_Screenshot_1681814713689.jpg Size: 407 KB
Seek first to understand, then to be understood
  • #5,053
  • Apr 18, 2023 7:41am Apr 18, 2023 7:41am
Finished my 100 pips on this one.

10-0
Attached Image(s) (click to enlarge)
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Golden nuggets of wisdom not offered here.
  • #5,054
  • Apr 18, 2023 8:12am Apr 18, 2023 8:12am
Quoting toshio
{quote} what about size per position? How much did you use? You mentioned trading from your phone, i do that too. attached screenshot of my interpretation of the strategy plot on Tradingview. {image}
You have to define your own risk management.. i won't comment on this. However, the strategy shown in the screenshot is 100% and i can see you scalped around the levels I posted from the pre setup. Good job! Did anyone else bank on GBP/USD? it was a great trade this morning. And still more opportunity now.
  • #5,055
  • Apr 18, 2023 8:31am Apr 18, 2023 8:31am
Latest system creativity...comments welcomed.
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  • #5,056
  • Apr 18, 2023 9:45am Apr 18, 2023 9:45am
AJ pips
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  • #5,057
  • Apr 18, 2023 9:47am Apr 18, 2023 9:47am
Quoting erod84
I hope everyone has been trading and making some green. My wife is recovered, and now i'm back to trading. Yes, TFT did successfully pay me out on the withdrawal made on Apr 6th using this strategy alone. It's a 5 figure payout. However, i'm now moving to pass a challenge at 5%ers prop firm.. in 7 days I passed phase 1 of the 100K challenge. This one not only pays you the percentage of profit, but also as you scale up pays a monthly salary: https://the5ers.com/high-stakes What are your dreams? I have done nothing but scalp around liquidity...
Outstanding!
Thanks for sharing and congrats on the wife recovery.
  • #5,058
  • Apr 18, 2023 10:36am Apr 18, 2023 10:36am
Quoting erod84
{quote} The bootcamp program requires SL yes, but not HighStakes. I don’t use SL.
Are you still Hedging when the price gets away from you?
I know we all need our own risk management tactics but when do you personally make the call to hedge or kill the trade?
Thanks for the input I am still dreaming of some 5 figure payouts! So far all I have done is payout.
The 5% High Stake program looks pretty cool. I like how they keep scaling and eventually go to 100% profits +wages. This really tells me they are looking for the good traders not just a bunch of prop challenge losers.
  • #5,059
  • Apr 18, 2023 11:40am Apr 18, 2023 11:40am
Quoting josh1111
{quote} Are you still Hedging when the price gets away from you? I know we all need our own risk management tactics but when do you personally make the call to hedge or kill the trade? Thanks for the input I am still dreaming of some 5 figure payouts! So far all I have done is payout. The 5% High Stake program looks pretty cool. I like how they keep scaling and eventually go to 100% profits +wages. This really tells me they are looking for the good traders not just a bunch of prop challenge losers.
Hey josh111,

If, and the big "IF" price ever runs past my analyzed levels, and not hit my 5 pip TP I will open hedge positions to cover losses. However, this is very rare! I can count the number on my hand this has occurred and it was stupid noob mistakes like trading during news of war going on etc. In instances and cases as that now, I stay out of the market period. It's part of my trading plan and rules. When do i make the call to hedge or kill? if the trade goes against me 2% or more.. again I haven't seen this since early 2022 with the Ukraine war drumming in the news. My hedge covered my loss, and I still moved on to profit later in the week.

You can make it buddy! for some it takes years, other's i've seen a year or less to become consistently profitable. Consistent is the keyword here. Never give up on your dreams. I had to payout for many many years until I become profitable. Forex is no different than becoming a doctor, lawyer, dentist, a marine. We have to pass trials and tribulations to get the end result.

I don't do anything special at all.. I select a pair *Take note of pair, not PAIRS* mark my zones put my alarms on tradingview. Wait for price to come near, and watch with cpflegers template. If the stars align, I load my orders up with 5 pip TP get in and get out. GBPUSD was a good example today! and I made a huge profit scalping around with 5 pips each.
  • #5,060
  • Apr 18, 2023 11:51am Apr 18, 2023 11:51am
GBP/JPY pre-setup (Sells/Short)

If anybody want's to trade GBPJPY with me, i'm watching 167.440 / 167.700 as a potential sweep target for sells. Below at 165.410 is a ton of SSL liquidity which will be swept and filled. London (4/19) will be the most likely timeframe it'll reach as NY is about wrapped up and this is a GBP pair.

As always, use this as confluence for your trades and watch cpflegers template for triggers around it.
Attached Image (click to enlarge)
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