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M1 Countertrend Scalping Strategy

  • #6,201
  • Jun 7, 2023 9:48am Jun 7, 2023 9:48am
Sweet...........
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  • #6,202
  • Jun 7, 2023 9:52am Jun 7, 2023 9:52am
Come on baby, you know you want tooooooooooo.
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  • #6,203
  • Jun 7, 2023 10:25am Jun 7, 2023 10:25am
I love trading...
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  • #6,204
  • Jun 7, 2023 10:32am Jun 7, 2023 10:32am
Sweet results....
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  • #6,205
  • Jun 7, 2023 10:41am Jun 7, 2023 10:41am
How far will she roll ??????????
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  • #6,206
  • Jun 7, 2023 10:47am Jun 7, 2023 10:47am
Will she hit my 20 MA Target ??????
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  • #6,207
  • Jun 7, 2023 11:15am Jun 7, 2023 11:15am
Never nice to fight a battle for too long. Secure small gains, off to bed
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  • #6,208
  • Jun 7, 2023 11:22am Jun 7, 2023 11:22am
Quoting cliffjaded
{quote} Let's do an analysis on AUDUSD. Actually, today was a fantastic opportunity to load up on shorts. W1 {image} D1{image}M15{image}M1 {image} If you drew the W1 Liquidity level from 3 weeks ago, you might have recognised it as a huge BSL (Buyside Liquidity) and hence held the trade further. Furthermore, it was also D1 REH (Relatively Equal Highs) aka EQH (Equal Highs). On smaller timeframes, they appear as Double Tops, Triple Tops, Areas of Congestion/Consolidation, Ranges, etc. A lot of stops rest at these areas on bigger timeframes. Plus...
Fuh, that's a very descriptive analysis of why price went southwards. All these are based on the price action of the chart?

Ahh shucks, that EA's for MT4. Gotta find the MT5 equivalent then. Thanks for sharing the link hehe
  • #6,209
  • Jun 7, 2023 1:11pm Jun 7, 2023 1:11pm
Quoting cpfleger
Will she hit my 20 MA Target ?????? {image}
I am going to go out on a limb and say yes!
without patience how can you be a trader?
  • #6,210
  • Jun 7, 2023 1:53pm Jun 7, 2023 1:53pm
Quoting BlackCap
{quote} Fuh, that's a very descriptive analysis of why price went southwards. All these are based on the price action of the chart? Ahh shucks, that EA's for MT4. Gotta find the MT5 equivalent then. Thanks for sharing the link hehe
Yup, it's based on Price Action. As I mentioned before, I use ICT as an alternative form of Technical Analysis. However, I do not consider it "Smart Money" or "Trading like the Banks".

You can try and see if this works for MT5. It's ridiculously difficult to find a free trailing stop EA for MT5, surprisingly.
https://www.mql5.com/en/code/29797
Leave the Gun, Take the Armani
  • #6,211
  • Jun 7, 2023 2:35pm Jun 7, 2023 2:35pm
Steverino832,
Not yet my man but when she returns in the next hour I will add positions.
cpfleger
  • #6,212
  • Jun 7, 2023 3:13pm Jun 7, 2023 3:13pm
She continues upward....
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  • #6,213
  • Jun 7, 2023 4:54pm Jun 7, 2023 4:54pm
Continuing Thursday trades...
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  • #6,214
  • Jun 7, 2023 4:55pm Jun 7, 2023 4:55pm
Quoting cliffjaded
{quote} Yup, it's based on Price Action. As I mentioned before, I use ICT as an alternative form of Technical Analysis. However, I do not consider it "Smart Money" or "Trading like the Banks". You can try and see if this works for MT5. It's ridiculously difficult to find a free trailing stop EA for MT5, surprisingly. https://www.mql5.com/en/code/29797
Eh, you're Malaysian. Hi from across the Causeway lol.
Leave the Gun, Take the Armani
  • #6,215
  • Jun 7, 2023 5:17pm Jun 7, 2023 5:17pm
Quoting cpfleger
KoF Cost Averaging done in real-time with confidence. {image}
Hi cpfleger
a question on a practical level, the suppdem box button 1.02 works really well in identidying suppdem/turning points, etc, but I've noticed it really sucks the juice out of the CPU - do you have on many charts at once? I notice you mainly trade AU & Gold... For me I find if i have it on more than about 5 charts it slows my PC down to the point of freezing up...
Thanks
We don't see things as they are - we see things as we are.
  • #6,216
  • Jun 7, 2023 5:43pm Jun 7, 2023 5:43pm
Quoting sonicvista12
{quote} Hi cpfleger a question on a practical level, the suppdem box button 1.02 works really well in identidying suppdem/turning points, etc, but I've noticed it really sucks the juice out of the CPU - do you have on many charts at once? I notice you mainly trade AU & Gold... For me I find if i have it on more than about 5 charts it slows my PC down to the point of freezing up... Thanks
hi mate i have a gold cpu runs all my 10 charts i have a very large ram sticks dont know if that helps kindest regards
people leave, but this thread will go on for ever
  • #6,217
  • Jun 7, 2023 5:57pm Jun 7, 2023 5:57pm
sonicvista12,
I only ever have 2 Charts open, so I do not have a solution for you about SupDem Indicator.

Adding to Thursday trades.
cpfleger
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  • #6,218
  • Jun 7, 2023 6:21pm Jun 7, 2023 6:21pm
Quoting Aussi
{quote} hi mate i have a gold cpu runs all my 10 charts i have a very large ram sticks dont know if that helps kindest regards
thanks mate that helps a lot. I do have 7 screens and 7 diff acc'ts so that does contribute to the cpu drain! I know what you're thinking, less is more, and you're right, I just gotta choose what to look at
We don't see things as they are - we see things as we are.
  • #6,219
  • Jun 7, 2023 6:23pm Jun 7, 2023 6:23pm
Quoting cpfleger
sonicvista12, I only ever have 2 Charts open, so I do not have a solution for you about SupDem Indicator. Adding to Thursday trades. cpfleger {image}
thanks cpfleger, you've helped answer my question, only 2 charts with the suppdem box would be fine, not too much cpu drain.
much appreciated for your response
We don't see things as they are - we see things as we are.
  • #6,220
  • Jun 7, 2023 6:25pm Jun 7, 2023 6:25pm
Pretty straightforward trade
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