M1 Countertrend Scalping Strategy | Page 277 | Forex Factory

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Attachments: M1 Countertrend Scalping Strategy
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M1 Countertrend Scalping Strategy

  • #5,521
  • May 11, 2023 10:07am May 11, 2023 10:07am
Waiting for Double Top
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  • #5,522
  • May 11, 2023 10:10am May 11, 2023 10:10am
Waiting is the hardest part to Trading... I have picked up sooo many bad habits while waiting, according to the Wife.
cpfleger
  • #5,523
  • Edited 1:25pm May 11, 2023 10:53am | Edited 1:25pm
I want to share this free indicator I discovered today. Maybe not new to you guys but new to me.
It lets you set lines for price alerts in MT4 like Trading View works. You can also set this up with MT4 Notifications to send alerts to your phone from your desktop if you can't be near it.
ENJOY:
https://www.earnforex.com/metatrader...ce-line-alert/

!!!!EDIT: You might want to hold off this was working great but now isn't working correctly. Not sure what is up but I can't adjust the line for price level after using it for a few hours.
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  • #5,524
  • May 11, 2023 11:11am May 11, 2023 11:11am
looks interesting
Mickey
Mickey All Time Return: -58.3%
  • #5,525
  • May 11, 2023 1:26pm May 11, 2023 1:26pm
Quoting josh1111
I want to share this free indicator I discovered today. Maybe not new to you guys but new to me. It lets you set lines for price alerts in MT4 like Trading View works. You can also set this up with MT4 Notifications to send alerts to your phone from your desktop if you can't be near it. ENJOY: https://www.earnforex.com/metatrader...ce-line-alert/ !!!!EDIT: You might want to hold off this was working great but now isn't working correctly. Not sure what is up but I can't adjust the line for price level after using it for a few...

This one is way better, much easier to use and stable:
https://www.earnforex.com/metatrader...s/Price-Alert/
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  • #5,526
  • May 11, 2023 1:38pm May 11, 2023 1:38pm
Clean and simple
Two trades a day
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  • #5,527
  • Edited 7:03pm May 11, 2023 6:49pm | Edited 7:03pm
Quoting cpfleger
Donny3rd, It may be just my opinion but your Broker spread is always above 1.5 pips and was wondering if this could be a reason for your unhappiness with M1 TF and/or as you say lack of volume considering you have no Volume Indicator to judge the actual volume per trade. cpfleger

Yes the spread is pretty much the reason for not wanting to use the M1 timeframe. The spread would be better if I was able to trade during the NY or London sessions, but my work schedule doesn't allow it. I pretty much am relegated, for now, to the Tokyo session and spreads seem to be wide during that time. I'm thinking of demoing Oanda's tighter spread but with commission pricing. The volume comment is based on low pips between swing highs and lows and also how slow the price moves while trading the session. Some days it's much better, other it's slow going. All things indicative of the Asian session.
  • #5,528
  • May 11, 2023 7:40pm May 11, 2023 7:40pm
Frist trade of the day. Everything lined up except for the RSI cross. Not entering a TP so I can average down/up if it goes against me:
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Click to Enlarge Name: 01 AUDUSD 2023-05-11 173506 sell entry - everythign lined up except RSI cross.png Size: 73 KB



Setup I'm watching on GBPUSD:
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Click to Enlarge Name: Setup GBPUSD 2023-05-11 173748.png Size: 74 KB
  • #5,529
  • May 11, 2023 7:53pm May 11, 2023 7:53pm
Quoting spacetravel
Clean and simple Two trades a day {image} {image}
hi spacetravel, what indicator are you using to detect the divergence in your chart? Thanks
  • #5,530
  • May 11, 2023 8:11pm May 11, 2023 8:11pm
Phone call made me miss ema touch(es):
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Click to Enlarge Name: 01 AUDUSD Screenshot 2023-05-11 175832 phone call missed ema exit.png Size: 74 KB


Exited at 1 pip profit. Not much action at this time today:
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Click to Enlarge Name: 01 AUDUSD 2023-05-11 180815 exit at 1 pip.png Size: 71 KB



[UPDATE:] Could have got more. I might start exiting at zigzag numbers when range is small.
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  • #5,531
  • May 11, 2023 8:59pm May 11, 2023 8:59pm
Trade #2 for the day.
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Click to Enlarge Name: 02 USDJPY 2023-05-11 182027 Entry.png Size: 76 KB


Greed kept me from getting out at a nice EMA touch. I thought it might go to the 200 EMA (still might). When price came around the EMAs again I hopped out at 2 pips profit:
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Click to Enlarge Name: 02 USDJPY 2023-05-11 184746 exit 2 pips.png Size: 76 KB


Watching pre setup on EURUSD as the supply box keeps getting redrawn higher and higher away from EMAs. Looks like it might bounce off the 200 EMA.
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  • #5,532
  • May 11, 2023 9:30pm May 11, 2023 9:30pm
Thursday night creativity.
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  • #5,533
  • May 11, 2023 9:49pm May 11, 2023 9:49pm
Last trade of the night. EURUSD bouncing off 200 EMA as I thought it might.

First entry:
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Click to Enlarge Name: 03 EURUSD 2023-05-11 191533 entry bounce off 200 ema.png Size: 73 KB


Second entry as it went higher but still bouncing off 200:
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Went straight to 35 EMA pretty quick and jumped out of both trades:
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Click to Enlarge Name: 03ab 2023-05-11 193541 exit both trades.png Size: 70 KB



That's it for tonight. Thanks for looking.
  • #5,534
  • May 12, 2023 6:18am May 12, 2023 6:18am
watching KoF videos are always inspiring, more so the more i watch them... the volume analysis on this one was spot on!

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every minute matters!
  • #5,535
  • May 12, 2023 7:02am May 12, 2023 7:02am
Thanks for this amazing Thread, im learning alot.
I Started on 1 of this Month using KOF on 1 Minute,
On IC markets real acc ,
only trade EURUSD / GBP USD / USDCHF
Im Checking if there any newys coming, not trade,
Starting of a new session not trade,
Im looking for clear support and ressistance on 5 minutes that possably bonce on 1 minute
and extended EMAS
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  • #5,536
  • May 12, 2023 7:13am May 12, 2023 7:13am
zidro,
Nice trades and keep pushing.

ross.d,
Thanks and my latest 1% Strategy.
cpfleger
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  • #5,537
  • May 12, 2023 7:44am May 12, 2023 7:44am
GU setup
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  • #5,538
  • May 12, 2023 7:58am May 12, 2023 7:58am
Quoting josh1111
GU setup {image}
little pips
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  • #5,539
  • May 12, 2023 8:11am May 12, 2023 8:11am
more KoF EMA strategy in action!
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every minute matters!
  • #5,540
  • May 12, 2023 8:17am May 12, 2023 8:17am
Quoting cpfleger
zidro, Nice trades and keep pushing. ross.d, Thanks and my latest 1% Strategy. cpfleger {image}
sir, can you share psar setup ?
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