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M1 Countertrend Scalping Strategy

  • #6,301
  • Jun 10, 2023 3:48am Jun 10, 2023 3:48am
Quoting niks
{quote} thank you aussi, amiraven and steve, that is very encouraging and much appreciated... your longevity and trading style amongst others in the forum aussi have provided the best hope i have found that i can make it too, i'm still finding my feet but those pesos are looking good, cheers! the last two brushstrokes were missing amiraven! i didn't enter on the last two dips in case the break below that low ran deeper, luckily it didn't but still it smudged the painting a little bit!
Thank you Niks ,
Still a masterpiece no doubt about it .
also I have a question for you, How do you know that price is going to break that resistance ? It seems that you started placing your orders form the top this time ? Did you expect that kind of spike ?
I haven't come this far to only come this far !
  • #6,302
  • Jun 10, 2023 4:56am Jun 10, 2023 4:56am
Quoting Amiraven
{quote} Thank you Niks , Still a masterpiece no doubt about it . also I have a question for you, How do you know that price is going to break that resistance ? It seems that you started placing your orders form the top this time ? Did you expect that kind of spike ?
cheers amiraven! it is never known what price will do next, that's why we have to work for it, i'm assuming your referring to the resistance level at the top of the uptrend just before my initial orders and the focus of my targets - my first two orders were wasteful, the third questionable, the uptrend showed signs of stalling after the break below ema50 so i should of waited to see the reaction off ema200 first, i would of taken the last two dips if it wasn't for the first two orders - so although i did not expect the spike, i did anticipate a break of that resistance level as it reversed suddenly during a strong move up sucking in a new wave of shorts into a strong uptrend while longs are looking to exit asap, then the bullish sentiment by new longs entering and those that just exited RE-ENTERING kicks in to take out all the weak shorts - due to double momentum - price only moves as a result of traders making trading decisions, that's it!
every minute matters!
  • #6,303
  • Jun 10, 2023 7:08am Jun 10, 2023 7:08am
Its Saturday coin collecting again....
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  • #6,304
  • Jun 10, 2023 12:05pm Jun 10, 2023 12:05pm
Saturday Bitcoin tends to be slow and we will set a Target for 1500 Points similar to last Saturday.
cpfleger
  • #6,305
  • Jun 10, 2023 12:09pm Jun 10, 2023 12:09pm
Hit Target 1 (1500 Points) and now we go for Target 2 (2000).
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  • #6,306
  • Jun 10, 2023 12:18pm Jun 10, 2023 12:18pm
Target 2 hit, now we go for Target 3 (3000 Points)...
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  • #6,307
  • Jun 10, 2023 12:20pm Jun 10, 2023 12:20pm
I hope you guys appreciate this System due to its lack of higher risk than other systems and the consistency it give traders.... learn and earn.
Look at other Forums, especially on the weekends.....
cpfleger
  • #6,308
  • Jun 10, 2023 12:26pm Jun 10, 2023 12:26pm
Target 3 hit and now we continue to Target 4 (4000 Points).
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  • #6,309
  • Jun 10, 2023 12:27pm Jun 10, 2023 12:27pm
All I do is lose with this system so something is definitely wrong.
  • #6,310
  • Jun 10, 2023 12:30pm Jun 10, 2023 12:30pm
rcbarlow,
The key word in your sentence is - I.
You have bounced from system to system, just look at your profile, you have not learned to slow down and enjoy trading because your chasing a cosmetic system that other show you.
A system is only as good as the Trader, when you use a hammer does it put the nail into the piece of wood, No Sir, The Human swings the hammer and puts the nail into the wood.
cpfleger
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  • #6,311
  • Jun 10, 2023 12:34pm Jun 10, 2023 12:34pm
Target 4 (4000 Points) and no system works without the Trader, the Holy Grail is YOU.
cpfleger
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  • #6,312
  • Jun 10, 2023 12:35pm Jun 10, 2023 12:35pm
Master the process and quit chasing the Lambo, you cannot afford the oil change afterwards....
Done trading for the day.
cpfleger
  • #6,313
  • Jun 10, 2023 2:37pm Jun 10, 2023 2:37pm
No fear or greed, just satisfaction.
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  • #6,314
  • Jun 10, 2023 3:35pm Jun 10, 2023 3:35pm
Just another successful trading day while others talk....
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  • #6,315
  • Jun 10, 2023 7:10pm Jun 10, 2023 7:10pm
Excellent day....
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  • #6,316
  • Jun 10, 2023 7:16pm Jun 10, 2023 7:16pm
Quoting cpfleger
Excellent day.... {image}
I would say so!
without patience how can you be a trader?
  • #6,317
  • Jun 10, 2023 10:59pm Jun 10, 2023 10:59pm
Quoting cpfleger
Its Saturday coin collecting again.... {image}
Love how you do it. Saturdays and Sundays are so boring that I can't help opening terminal at times but btc doesn't worth it for how big the spread is..
Protect your capital
  • #6,318
  • Edited 3:25am Jun 11, 2023 3:03am | Edited 3:25am
Quoting encryptedehs
{quote} Love how you do it. Saturdays and Sundays are so boring that I can't help opening terminal at times but btc doesn't worth it for how big the spread is..
a few
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one must change tact when tackling bitcon , and cpfleger does it so well
people leave, but this thread will go on for ever
  • #6,319
  • Jun 11, 2023 7:00am Jun 11, 2023 7:00am
The spread is evil but the good will overcome with focus and discipline.....
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  • #6,320
  • Jun 11, 2023 9:43am Jun 11, 2023 9:43am
Patience is the input to Performance....
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