M1 Countertrend Scalping Strategy

Quoting zidro

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Today results with KOF Yesterday i was cauth on a GPBUSD breakout i had to deposit some Euros on my account to hold my positions it ended well i withdraw after that the amount that , it ended up well , but it was hard to manage The mistake was to use larger lot sizes and the account was not able to breath. Risk managment is the most important thing Lesson learn {image}

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Quoting Donny3rd

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{quote} Good job man! I wasn't the only one learning hard lessons yesterday LOL. That had to be a strange feeling depositing more to keep the trade alive! Ok, I've attached the time zone indicator below. I wanted to test it out and see it's placement options and such. I really like it. Simple, to the point, and customizable. I scooted cpfleger's "0 - Chart Symbol" indicator some and also changed the corner, font size and color on the time zone guy. {file} Here's screen shots of my settings: {image}{image} And how it all looks on the chart. Me likey!...

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Quoting zidro

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{quote} Thanks man yes it was hard to see about that huuuuge breakout . I will try that indi that are you sharing its usefull!!

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Quoting Donny3rd

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{quote} I know you're conversing with Niks, but another thing I notice him and KoF do is spread out their averaging. I started doing this too where the next entry is a bit farther than the last. Like an expanding fan if that makes sense. Let's say it goes 5 pips against you so you make a 2nd entry. Then the next entry may be 8-10 pips from that, and a 4th entry 12-15 pips. That way you are increasing profit when it reverses closer to your entry /break even point without increasing lot size while also moving that break even point farther away from...

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Quoting Aussi

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{quote} {file} {file}

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Quoting sonicvista12

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Morning all (6.00am in Australia)... I've been following with interest and appreciation all the contributions to this thread, as well as watching all KOF's youtube videos and studying his trading style. I am learning a lot, specifically about price tendency to revert back to the mean from an extended deviation (think stretched rubber bands)... anyway I thought I'd share some observations I've made, excerpts from my journal... sorry about that. Cheers MantisClaw/sonicvista12 {image}

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Quoting Donny3rd

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{quote}That's it so far. [EDIT:] No other trades taken today. Some setups forming on the JPY pairs I watch, but really close to 200 EMA. Others were all jumbled EMAs. Night everyone.

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Quoting encryptedehs

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I would like to extend my thanks to all the contributors to this thread. I am using this cost avg system and accumulating profits or atleast I am now more confident as I dont have to worry about the precise entry point. I am sticking to the rules as in always remain small with the lot size and never get greedy. But I am still new to this sytem and I understand it's a matter of time that market tests my mentals. With that being said, I need experts guys like you: - I always wait for a considerable distance between 9ema & 200ema before I execute my...

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Quoting cpfleger

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Be patient my man, let the Market come to YOU.... {image}

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Quoting Amiraven

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Fear and doubt ! {image}

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Quoting Aussi

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{image} {image} ...keep it simple small amounts build you accounts so you can get the bigger lots dont rush it .

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Quoting Aussi

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{quote} {file} {file}

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