Im so happy that i found this thread
i Started at 01/05 of this month with KOF strategy.
Im done for the day
i Started at 01/05 of this month with KOF strategy.
Im done for the day
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4
M1 Countertrend Scalping Strategy
- #5,683
- May 22, 2023 8:09am May 22, 2023 8:09am
- Joined Oct 2010 | Status: Trader | 2,033 Posts
Night game
- #5,690
- May 22, 2023 11:09am May 22, 2023 11:09am
{quote} Adding to winning positions (pyramiding) sounds good in theory, but in reality later trades have worst expectancy than your earlier trades and make you susceptible to reversals, unless you catch a huge move. I don't know any trader who applies pyramiding consistently, if someone knows let me know.
If going by KOF theory, he does not enter on every reversal but some specific ones. So what he waits for is the first reversal from 50 EMA after a new trend forms above/below 200 EMA. Post which, he checks continuous rejection and lastly the volume.
But yes, the pyramids can still be added if you know how to take small profits. He always says, take your profit and enter the trade from the same point again.
The best traders hone their skills through practice and discipline.
Hello to all friends
I would like to thank my dear friends Abade and Cpfleger and other loved ones for their guidance, who introduced me to Haft Juan Trade and revealed its obscure angles with transactions and charts. Although I am still at the beginning of the journey, I am moving forward by studying and practicing. I do and I know that whatever the end of this move is, at least it will not be a loss.
Thank you thank you thank you
I would like to thank my dear friends Abade and Cpfleger and other loved ones for their guidance, who introduced me to Haft Juan Trade and revealed its obscure angles with transactions and charts. Although I am still at the beginning of the journey, I am moving forward by studying and practicing. I do and I know that whatever the end of this move is, at least it will not be a loss.
Thank you thank you thank you
Hello to all friends I would like to thank my dear friends Abade and Cpfleger and other loved ones for their guidance, who introduced me to Haft Juan Trade and revealed its obscure angles with transactions and charts. Although I am still at the beginning of the journey, I am moving forward by studying and practicing. I do and I know that whatever the end of this move is, at least it will not be a loss. Thank you thank you thank you
- #5,696
- Edited 6:41pm May 22, 2023 5:59pm | Edited 6:41pm
- Joined Oct 2010 | Status: Trader | 2,033 Posts
- #5,699
- May 22, 2023 7:19pm May 22, 2023 7:19pm
Exited USDJPY at 50 EMA touch for 7 pips profit. I actually wait till the relevant bid/ask price gets to the ema. By the time I hit print screen it went above the 50 EMA. But I actually exited right when the asking price was on it.
I hate when this happens, but I had my the cursor hovering over the exit 'x' with my finger placed and patiently waiting over the mouse pad. Well, I guess my finger was lowering without me realizing it and touched the mouse pad. Closed me in 1.7 pips profit. Oh well.
I hate when this happens, but I had my the cursor hovering over the exit 'x' with my finger placed and patiently waiting over the mouse pad. Well, I guess my finger was lowering without me realizing it and touched the mouse pad. Closed me in 1.7 pips profit. Oh well.
- #5,700
- Edited 8:08pm May 22, 2023 7:39pm | Edited 8:08pm
Do I not learn? LOL. The same way I exited the last trade I just accidentally entered on GBPUSD. I might need to get an actual physical mouse for use with the laptop. I mean, it's still a good setup, just a bit early by the rules.
