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M1 Countertrend Scalping Strategy

  • #5,061
  • Apr 18, 2023 11:53am Apr 18, 2023 11:53am
A few teatime nuggets.
Taken from a level that showed from 5m to 1H time frame.
Attached Image (click to enlarge)
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #5,062
  • Apr 18, 2023 7:50pm Apr 18, 2023 7:50pm
Continuing the trading standards....
Attached Image (click to enlarge)
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  • #5,063
  • Apr 19, 2023 1:48am Apr 19, 2023 1:48am
Golden nuggets for breakfast again today.
Taken from a level also showing on 5m to 1H Timframe.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD7.png Size: 30 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #5,064
  • Apr 19, 2023 1:58am Apr 19, 2023 1:58am
Hello, everyone.
I wanna develop EA with hedging strategy but I need someone's help. How can I develop this? If you teach me, ill thank very much for u.
  • #5,065
  • Apr 19, 2023 5:12am Apr 19, 2023 5:12am
Good morning gents.. did anyone bank on GBPJPY? It was a great A+ setup.
  • #5,066
  • Apr 19, 2023 8:21am Apr 19, 2023 8:21am
Quoting erod84
Good morning gents.. did anyone bank on GBPJPY? It was a great A+ setup.
Good morning. I wasn't up early enough but it was a great setup, please keep posting them. Thanks for putting it up and also for sharing more details on your approach with the prop firms.
Just to clarify if you have a trade go the wrong way you just patiently wait for it to go the right way and take your profits or you wait until you hit 2% equity loss and then decide to hedge or kill it?
Cheers
  • #5,067
  • Apr 19, 2023 9:30am Apr 19, 2023 9:30am
Quoting erod84
Good morning gents.. did anyone bank on GBPJPY? It was a great A+ setup.
Looks like it is approaching the same level.
I am going to try this time.
Attached Image (click to enlarge)
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  • #5,068
  • Apr 19, 2023 10:09am Apr 19, 2023 10:09am
Gold vas very nice today. It was easy to trade it with Cplager's setup. Thank you one more time
  • #5,069
  • Apr 19, 2023 10:36am Apr 19, 2023 10:36am
Quoting skerla
Gold vas very nice today. It was easy to trade it with Cplager's setup. Thank you one more time
I agree. Thanks cpfleger! I'm good for the week.
  • #5,070
  • Apr 19, 2023 1:50pm Apr 19, 2023 1:50pm
Quoting cpfleger
Latest system creativity...comments welcomed. {image}
Thank you!

Clean chart... looks straightforward. The bottom window says MA(5), not MA(50). Can you post the template for this one?
  • #5,071
  • Apr 19, 2023 2:36pm Apr 19, 2023 2:36pm
Quoting josh1111
{quote} Good morning. I wasn't up early enough but it was a great setup, please keep posting them. Thanks for putting it up and also for sharing more details on your approach with the prop firms. Just to clarify if you have a trade go the wrong way you just patiently wait for it to go the right way and take your profits or you wait until you hit 2% equity loss and then decide to hedge or kill it? Cheers

Yes I second what josh says. I too would be interested if you could post some more set ups for us to follow.
very interesting.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #5,072
  • Edited 4:35pm Apr 19, 2023 4:24pm | Edited 4:35pm
Another good morning.

6-0.

Up to 51 wins in a row now since I started KOF again last week.

I did most of my damage on Eur/Usd this morning.

Traded from 5 to 8:30am GMT-5.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4-19-239.png Size: 45 KB
Click to Enlarge Name: 4-19-2311.png Size: 40 KB
Golden nuggets of wisdom not offered here.
  • #5,073
  • Apr 19, 2023 4:59pm Apr 19, 2023 4:59pm
Quoting josh1111
{quote} Looks like it is approaching the same level. I am going to try this time. {image}
Hi Josh1111,

I see you are using Hankotrade broker; how do you like them?
  • #5,074
  • Apr 19, 2023 5:05pm Apr 19, 2023 5:05pm
Quoting Chucun
{quote} Hi Josh1111, I see you are using Hankotrade broker; how do you like them?
So far I have only Demo traded but that has gone well and I plan to use a Live Account with them soon.
  • #5,075
  • Apr 19, 2023 6:05pm Apr 19, 2023 6:05pm
Quoting Present
Another good morning. 6-0. Up to 51 wins in a row now since I started KOF again last week. I did most of my damage on Eur/Usd this morning. Traded from 5 to 8:30am GMT-5. {image} {image}
51 wins in a row? That's illegal!

You are supposed to slowly lose all your balance to stop loss and predefined risk/reward schemes.
  • #5,076
  • Apr 19, 2023 9:53pm Apr 19, 2023 9:53pm
shamsha786,
That system is still being tested but he MA50 is the main chart and the MA5 is in the bottom chart.
cpfleger
  • #5,077
  • Apr 20, 2023 1:47am Apr 20, 2023 1:47am
Quoting cpfleger
shamsha786, That system is still being tested but he MA50 is the main chart and the MA5 is in the bottom chart. cpfleger
Thanks for clarifying. What settings are you using to apply the MA(5) to the Bollinger Bands?
  • #5,078
  • Apr 20, 2023 3:56am Apr 20, 2023 3:56am
Quoting josh1111
{quote} Looks like it is approaching the same level. I am going to try this time. {image}
How many pips do you usually take profit?
  • #5,079
  • Apr 20, 2023 4:25am Apr 20, 2023 4:25am
Quoting Present
Un altro buongiorno. 6-0. Fino a 51 vittorie di fila ora da quando ho ricominciato il KOF la scorsa settimana. Ho fatto la maggior parte del mio danno su Eur/Usd questa mattina. Negoziato dalle 5 alle 8:30 GMT-5. {immagine} {immagine}
Hi, how calculate position end StopLoss?
  • #5,080
  • Apr 20, 2023 4:28am Apr 20, 2023 4:28am
A great morning again.

5-0

56 wins in a row.

I checked, and even though I am still practicing and using very small lot size entries, I am on pace to increase my account by 3% at month's end (I only started KOF again last Tuesday so the 3% is for about half a month).

I still close way too early and need to get better at when I place my entries, so when I do get better, 10% a month account increase seems doable.

I'll get there.

Can't wait until I finish my self-imposed disciplinary period. I promised myself I'd only use small lot sizes until June.
Golden nuggets of wisdom not offered here.
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