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M1 Countertrend Scalping Strategy

  • #5,361
  • Apr 27, 2023 1:02pm Apr 27, 2023 1:02pm
KOF V6 - SELL NZDUSD
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  • #5,362
  • Apr 27, 2023 1:13pm Apr 27, 2023 1:13pm
will love to do a zoom video with you one day so you can teach me how you use your candles
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  • #5,363
  • Apr 27, 2023 1:17pm Apr 27, 2023 1:17pm
T721 might not be online at the moment I need some one to put me true on the I have been learning a wrong ob all these while despite all this things in the pdf I downloaded from T721 post
  • #5,364
  • Apr 27, 2023 2:59pm Apr 27, 2023 2:59pm
Quoting Enagy
T721 might not be online at the moment I need some one to put me true on the I have been learning a wrong ob all these while despite all this things in the pdf I downloaded from T721 post
sent you dm. lets get on zoom
  • #5,365
  • Apr 27, 2023 3:19pm Apr 27, 2023 3:19pm
have replied you
  • #5,366
  • Apr 27, 2023 4:44pm Apr 27, 2023 4:44pm
Hello everyone. I'm new to the forum. I have been testing in a demo and live account a counter-trend strategy with times of wins and times of losses, bad management, lousy psychology and without consistency. However, I still think counter-trend trading has a lot of potential, especially in the M1 timeframe. I would like to know if I should read the whole thread or if someone can provide me with the status of the strategy initially published here. Have you had changes? Has anyone tested it on a live account with consistency? Thank you.
  • #5,367
  • Apr 27, 2023 7:28pm Apr 27, 2023 7:28pm
Quoting cpfleger
Abade / Gents, It's the last week in April 2023 and part of April's act of kindness, I hope everyone has had fun talking, trading and enjoying themselves here within Abade's Countertrend Scalping Forum, I have had fun also. I am off this Forum as of today for greener pastures as a retired man and I wish everyone the best in their trading business. Thanks again Abade and Viewers, Have a great life. cpfleger
cpfleger, thank you for your post and your help. Best wishes
without patience how can you be a trader?
  • #5,368
  • Apr 27, 2023 7:51pm Apr 27, 2023 7:51pm
Quoting Amiraven
{quote} Cpfleger , I have an Idea , How about adding Heikenashi Rsi to your system ? {image}
Hi Amiraven,

Can you share your Heikenashi RSI indicator and setting ?

Thanks
  • #5,369
  • Apr 27, 2023 9:39pm Apr 27, 2023 9:39pm
Quoting CarlosE84
Hello everyone. I'm new to the forum. I have been testing in a demo and live account a counter-trend strategy with times of wins and times of losses, bad management, lousy psychology and without consistency. However, I still think counter-trend trading has a lot of potential, especially in the M1 timeframe. I would like to know if I should read the whole thread or if someone can provide me with the status of the strategy initially published here. Have you had changes? Has anyone tested it on a live account with consistency? Thank you.
the status of the strategy as initially published has not changed - i have been trading it live daily for six months with small but consistent weekly profits after many months of successful demo trading and planning

i'm still using smaller lot sizes on my live account and still suffer many drawdowns and sporadic losses - live trading is a development process that continually evolves and is never set in stone, demo trading just provides a foundation to work from - just remember this is a VERY high risk strategy that must be traded responsibly otherwise it WILL blow an account very quickly - patience is the key, volatility can never be controlled...

here's a typical countertrend trade using this strategy, its worth reading the entire thread for sure...

as price pulls away from ema9 after a weak break of ema200, expect a return
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like this!
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so now we should watch for trend continuation if it breaks and holds above ema200 to make full use of the strategy...
every minute matters!
  • #5,370
  • Edited Apr 28, 2023 12:36am Apr 27, 2023 11:03pm | Edited Apr 28, 2023 12:36am
and if it doesn't then go for another countertrend opportunity! there is additional support on this one...
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with a reasonable target just below ema200 in this case...
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so now it looks like holding below ema200 as it breaks support level , here you want to be very careful to countertrend now, better to look for with trend opportunity on a pullback instead!
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which would of led to a nice profit...
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then at some point, start considering countertrend opportunities back to ema200 on the dips!
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that double bottom was a perfect countertrend entry
every minute matters!
  • #5,371
  • Apr 28, 2023 1:33am Apr 28, 2023 1:33am
Quoting cpfleger
Abade / Gents, It's the last week in April 2023 and part of April's act of kindness, I hope everyone has had fun talking, trading and enjoying themselves here within Abade's Countertrend Scalping Forum, I have had fun also. I am off this Forum as of today for greener pastures as a retired man and I wish everyone the best in their trading business. Thanks again Abade and Viewers, Have a great life. cpfleger
Just wanted to say thank you Cpfleger for everything, you have helped me tremendously. Thanks Abade for starting this awesome thread and also to everybody sharing
  • #5,372
  • Apr 28, 2023 2:48am Apr 28, 2023 2:48am
Quoting xinitial
{quote} Hi Amiraven, Can you share your Heikenashi RSI indicator and setting ? Thanks
Hi Xinitial,

Here is the HARSI indicator and the setting .
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Attached File(s)
File Type: ex4 !!rsi heiken ashi averages smoothed (sw).ex4   135 KB | 364 downloads
I haven't come this far to only come this far !
  • #5,373
  • Apr 28, 2023 9:19am Apr 28, 2023 9:19am
Quoting Amiraven
{quote} Hi Xinitial, Here is the HARSI indicator and the setting . {file} {image}
Thank you Amiraven.
  • #5,374
  • Apr 28, 2023 10:51am Apr 28, 2023 10:51am
cpfleger you have been an inspiration.
It's been an honor following you on this thread, you have taught me soooo much!
Muchos Gracias
  • #5,375
  • Apr 28, 2023 2:27pm Apr 28, 2023 2:27pm
My last Gift to the Forum.
Some may enjoy and some may not but it's a good read.
Have a great life.
cpfleger
Attached File(s)
File Type: pdf Trading Blueprint.pdf   57 KB | 987 downloads
  • #5,376
  • Apr 28, 2023 3:17pm Apr 28, 2023 3:17pm
Quoting cpfleger
My last Gift to the Forum. Some may enjoy and some may not but it's a good read. Have a great life. cpfleger {image}
Thanks
I haven't come this far to only come this far !
  • #5,377
  • Apr 28, 2023 4:48pm Apr 28, 2023 4:48pm
Quoting cpfleger
My last Gift to the Forum. Some may enjoy and some may not but it's a good read. Have a great life. cpfleger {image}
CPfleger, thank you mate.
  • #5,378
  • Apr 28, 2023 5:27pm Apr 28, 2023 5:27pm
Quoting Amiraven
{quote} This is the same template used by cpfleger ( you can find it in previous posts ) , I just added HARSI and Parabolic SAR .
There are several different templates. That is why I asked which one. Also, how did you get this on Tradingview?
Thanks
  • #5,379
  • Apr 28, 2023 9:26pm Apr 28, 2023 9:26pm
Quoting cpfleger
My last Gift to the Forum. Some may enjoy and some may not but it's a good read. Have a great life. cpfleger {image}
Thank you.
  • #5,380
  • Apr 29, 2023 6:01am Apr 29, 2023 6:01am
Gents,

Thank you for allowing an old man to enjoy himself here.

My Absolute Art for your eyes only.
cpfleger
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