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M1 Countertrend Scalping Strategy

  • #5,261
  • Apr 24, 2023 8:22am Apr 24, 2023 8:22am
josh1111,
Try and layer a CCI (8) with Level 0 over your RSI bottom window and see if you like or do not like.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 367 KB
  • #5,262
  • Apr 24, 2023 8:25am Apr 24, 2023 8:25am
josh1111,
Actually, I like 20 and 100 MAs and not the 200 because its too flat for my trading style - 5M and 3 Candle Man.
cpflege
  • #5,263
  • Apr 24, 2023 8:34am Apr 24, 2023 8:34am
First entry look right?
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  • #5,264
  • Apr 24, 2023 8:36am Apr 24, 2023 8:36am
josh1111,
yes sir.
cpfleger
  • #5,265
  • Apr 24, 2023 8:37am Apr 24, 2023 8:37am
Just in case, someone asks, I do have a good habit of checking 1M to 1 Hour TF's because each TF will have an effect on all Indicators.
cpfleger
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Click to Enlarge Name: KoF.jpg Size: 396 KB
  • #5,266
  • Apr 24, 2023 8:38am Apr 24, 2023 8:38am
Quoting cpfleger
Spank1969, Default setting but colors are your choice, my screenprint. cpfleger {image}
Thanks
  • #5,267
  • Apr 24, 2023 8:38am Apr 24, 2023 8:38am
But I prefer to stick to 1 TF - 5M and 3 Candles which YOU may not.
cpfleger
  • #5,268
  • Apr 24, 2023 8:42am Apr 24, 2023 8:42am
Quoting josh1111
First entry look right? {image}
Killed it after 5 candles with a loss.
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Click to Enlarge Name: screenshot.png Size: 30 KB
  • #5,269
  • Apr 24, 2023 8:43am Apr 24, 2023 8:43am
Quoting cpfleger
josh1111, Try and layer a CCI (8) with Level 0 over your RSI bottom window and see if you like or do not like. cpfleger {image}
Like this?
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Click to Enlarge Name: screenshot.png Size: 30 KB
  • #5,270
  • Apr 24, 2023 8:45am Apr 24, 2023 8:45am
josh1111,
why did you close it ???
Arrow is below the 200 MA...
Go to 5M TF and allow the Market to breathe...
cpfleger
  • #5,271
  • Apr 24, 2023 8:53am Apr 24, 2023 8:53am
cpfleger, a question after attempting to use it for a few hours. What's the optimal entry? After arrow appears, I wait for the PSAR line like the screenshot 1, or i take it the counter trend way like the screenshot 2.

Thanks again!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
Click to Enlarge Name: screenshot.png Size: 14 KB
  • #5,272
  • Apr 24, 2023 8:56am Apr 24, 2023 8:56am
Hi Guys, I'd like to show you something, I started a 5k MFF challenge for testing, a week ago, the day after I started with my own technique, I came back here to the forum and decided to give the KoF technique a try... I don't know if it was luck or what, but in 1 week I passed phase 1.

Attached Image (click to enlarge)
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  • #5,273
  • Apr 24, 2023 8:57am Apr 24, 2023 8:57am
Quoting cpfleger
josh1111, why did you close it ??? Arrow is below the 200 MA... Go to 5M TF and allow the Market to breathe... cpfleger
3 candle rule
In this case I gave it five then it became a my way or the highway situation.
What do you suggest?
  • #5,274
  • Apr 24, 2023 9:00am Apr 24, 2023 9:00am
josh1111,
Layering Indicators.
cpfleger
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  • #5,275
  • Apr 24, 2023 9:03am Apr 24, 2023 9:03am
josh1111,
I understand your last trade theory but remember the old too close of MA's theory too, they were all clumped together and sometimes you may have to allow the Market to at least go somewhere up or down and not consolidate... we learn daily.
cpfleger
  • #5,276
  • Apr 24, 2023 9:08am Apr 24, 2023 9:08am
Brits are gone home now, Market will slow down in volume now.
cpfleger
  • #5,277
  • Apr 24, 2023 9:10am Apr 24, 2023 9:10am
sbongo,
SAR System - when the past SAR last Dot is painted and the new SAR Dot is painted, draw a vertical line to intersect both Dots and from this vertical line to the right is entry time. The SAR becomes your Stop Loss. My next screenprint after my coffee.
cpfleger
  • #5,278
  • Apr 24, 2023 9:13am Apr 24, 2023 9:13am
sbongo,
see screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 300 KB
  • #5,279
  • Apr 24, 2023 9:17am Apr 24, 2023 9:17am
sbongo,
See screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 334 KB
  • #5,280
  • Apr 24, 2023 9:18am Apr 24, 2023 9:18am
Quoting sbongo
cpfleger, a question after attempting to use it for a few hours. What's the optimal entry? After arrow appears, I wait for the PSAR line like the screenshot 1, or i take it the counter trend way like the screenshot 2. Thanks again! {image} {image}
According to cpfleger , you need to wait for the psar appears the first screenshot looks more reawarding because it painted close by the big arrow,
On second screenShot is far away but meeting the rules , and you exit when a green arrow apears
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
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