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M1 Countertrend Scalping Strategy

  • #5,461
  • May 6, 2023 7:44am May 6, 2023 7:44am
Saturday scalping for some leftover coins....
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  • #5,462
  • May 6, 2023 8:53am May 6, 2023 8:53am
Only YOU cand do this business called Trading.
Quit making trading hard, watch the SMA Line and Arrows.
The best business on earth.
cpfleger
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  • #5,463
  • May 6, 2023 9:13am May 6, 2023 9:13am
Become a process master not a Lambo chaser....
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  • #5,464
  • May 6, 2023 9:19am May 6, 2023 9:19am
Less than 2 hours of watching a Forex Market... what's your excuse today...
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  • #5,465
  • May 6, 2023 9:27am May 6, 2023 9:27am
Trading is a single person's business.
You do not need anyone to tell you how to trade.
You do not need anyone to accept your method or system.
You do not need authorization from anyone.
All YOU need is YOUR COMMITMENT and DISCIPLINE.

It's all about YOU.
  • #5,466
  • May 6, 2023 10:38am May 6, 2023 10:38am
Another successful trading day....
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  • #5,467
  • May 6, 2023 11:16am May 6, 2023 11:16am
Quoting cpfleger
Another successful trading day.... {image}
well done!
without patience how can you be a trader?
  • #5,468
  • May 6, 2023 12:37pm May 6, 2023 12:37pm
What keeps you coming back to this Forum?
Are YOU growing as a business person ?
What is YOUR strengths and weaknesses ?
How can this Forum help YOU as a Trading Business ?
  • #5,469
  • May 7, 2023 2:08am May 7, 2023 2:08am
Quoting cpfleger
See screenprint from yesterday... {image}
how do you find the best Cci setting for a new pair and timeframe? The psar system was using 500 and this is using 14, it’s a big difference
  • #5,470
  • May 7, 2023 8:39am May 7, 2023 8:39am
Quoting cpfleger
Guys, Watch the CCI for elbows as this elbow tells you in advance a change in the Market direction, very accurate at lower TF's. No guessing, just follow and the Arrows tell you when / where to enter and no pattern guessing. You want real-time data not hindsight data. Everything looks great after the event. cpfleger

Hi cpfleger. Can you specify more precisely "CCI elbow" . I guess it is a hook but i am not sure.
  • #5,471
  • May 7, 2023 8:53am May 7, 2023 8:53am
Quoting iwan73
{quote} Hi cpfleger. Can you specify more precisely "CCI elbow" . I guess it is a hook but i am not sure.
https://www.forexfactory.com/thread/...1#post14417281
without patience how can you be a trader?
  • #5,472
  • May 7, 2023 9:36am May 7, 2023 9:36am
Steverino832,
You are correct and paying attention...
cpfleger
  • #5,473
  • May 7, 2023 9:37am May 7, 2023 9:37am
Another successful trading day....
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  • #5,474
  • May 7, 2023 9:46am May 7, 2023 9:46am
Quoting Steverino832
{quote} https://www.forexfactory.com/thread/...1#post14417281
I know this screenshot. But not sure what elbow means.
Sth like this?
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  • #5,475
  • Edited 10:18am May 7, 2023 10:03am | Edited 10:18am
Quoting iwan73
{quote} I know this screenshot. But not sure what elbow means. Sth like this? {image}
Guys,
Watch the CCI for elbows as this elbow tells you in advance a change in the Market direction, very accurate at lower TF's.
No guessing, just follow and the Arrows tell you when / where to enter and no pattern guessing.
You want real-time data not hindsight data.
Everything looks great after the event.
cpfleger
4
without patience how can you be a trader?
  • #5,476
  • May 7, 2023 10:17am May 7, 2023 10:17am
Quoting Steverino832
{quote} Guys, Watch the CCI for elbows as this elbow tells you in advance a change in the Market direction, very accurate at lower TF's. No guessing, just follow and the Arrows tell you when / where to enter and no pattern guessing. You want real-time data not hindsight data. Everything looks great after the event. cpfleger 4
Steverino, my question doesnt concern what elbow is for, but how elbow looks like.
What elbow is for was clearly described in cpfleger post you have mentioned above and we all know this post .
As i understand elbow is a synonime of HOOK. Am i right?
Does arrow on my previous post indicate an ELBOW?
Is that the point?
  • #5,477
  • May 7, 2023 10:25am May 7, 2023 10:25am
iwan73,
A HOOK has a curvature and an ELBOW has a sharp angle.
Either term is telling YOU the trader to get ready for a reversal as trading only goes two way - up or down.
cpfleger
  • #5,478
  • May 7, 2023 10:32am May 7, 2023 10:32am
Quoting cpfleger
iwan73, A HOOK has a curvature and an ELBOW has a sharp angle. Either term is telling YOU the trader to get ready for a reversal as trading only goes two way - up or down. cpfleger
That's a specific and clear answer. Thanks for clarification
  • #5,479
  • May 7, 2023 3:59pm May 7, 2023 3:59pm
That would be fine? Method of outputting 3 candles, is it correct? Thank you
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  • #5,480
  • May 7, 2023 4:27pm May 7, 2023 4:27pm
javipenjamo,
Since you did not direct your question to anyone I must assume your asking me....
For basic retail traders to grow their confidence in their trading business, the 3 candle rule is a great place to start for roughly 3 months until the new Trader can show to themselves by their trading journal a performance of 85% or better as I have stated in my Trading Blueprint a few posts back, YOU are developing a new skill a steady performance is what all traders need, consistency leads to performance which enables profit.
cpfleger
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