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M1 Countertrend Scalping Strategy
- #6,402
- Jun 14, 2023 1:24am Jun 14, 2023 1:24am
Finally out of the nano lot test trades on EURUSD made on Sunday night. Was able to average in with 4 entries on the same pair that were all unique amount of lots. What's crazy is they were separated 0.0001 lots. The entries were 0.01, 0.01001, 0.01002, 0.01003. This was to get around FIFO regulations here in the USA. All four trades on the same pair had a TP. I'm glad it's working. They show up as 0.01 lot orders in MT4.
What I need to do is trade like normal as there are many EMA touches I could have taken profit on. But I'm always thinking, 'If I'm going to keep the first trade open, I might as well wait on all trades to maximize profit. Not sure if this is a good or not mindset. But it's not as comfortable as I rather enjoy the in and out within a short amount of time trades better. It is great for developing patience and emotional control though.
What I need to do is trade like normal as there are many EMA touches I could have taken profit on. But I'm always thinking, 'If I'm going to keep the first trade open, I might as well wait on all trades to maximize profit. Not sure if this is a good or not mindset. But it's not as comfortable as I rather enjoy the in and out within a short amount of time trades better. It is great for developing patience and emotional control though.
- #6,414
- Jun 14, 2023 9:15pm Jun 14, 2023 9:15pm
- Joined Mar 2023 | Status: Trader | 1,007 Posts
without patience how can you be a trader?
