M1 Countertrend Scalping Strategy

GOLD to the Moon!

Thanks but the news is my friend and yes I am always on alert for it as it is my first check every trading day.

Thanks buddy. Been in deep contemplation/experimentation mode.
Nice to see your examples and adventure.
Cheers

Trades for today.

Wearily got into a trade on USDCAD. I say wearily since I had a previously over the weekend trade on this pair and it usually moves slow outside NY session. Not today lol. Made 2 more averaging entries as the night went on. Was able to make each entry unique again by 0.00001 units so they could all have a TP (which I made all the same). They were hit just moments ago for a total of 22.7 pips. (I'm condensing all trades on a setup/pair to the trade line image unless others request the more detailed play by play. I just don't want to take up so much forum post space.):



Saw a nice setup forming on AUDUSD and then took it when confirmations lined up. It meandered a bit and I contemplated buying in again lower. But then it went to my TP for 4.2 pips:




That's it for today. This chatty new guy at work (I used to have the shift to myself) distracts me from taking some setups. I counted about 5 or 6 I missed because they call for my attention to show me crappy music from... I think it was a band called Nightwish (sorry if anyone likes them. I find them cringey.) Anyway. I'll be back to morning shift in July and will trade from home around this same time distraction free once again!

LOL goodnight, morning, afternoon, evening, what have you!

Donny3rd,
My comments in the attached screenshot, open sooner and close sooner for consistent Performance.
cpfleger

Amiran,
I guess Ronin's comment in another Forum was not acceptable to you, so please remove as your system is not part of the 1M Countertrend Strategy, new approach deserves a new Forum.
cpfleger

Ok !

another fine example of M1 countertrend scalping KoF style to inspire everyone into the weekend!


all M1 countertrend scalping approaches are welcome, show us yours if you can!

the price was above the average and it kept going up and tracing that resistance in 5 minutes but it went fast and I decided to close...

If I was adding postiong and had more patience I will close with profits..

Countertrend or riding the trend ?!

the inspiration worked!!! an exemplary trade to say the least amiraven, now you will inspire even more to do the same...

Nice setup on a mid Friday morning....

Im stuck with multiple orders on EURJPY ,
20 % DD
The JPY's turn out weak and the EUR Strong

how is above a good sell setup for usdjpy . cpfleger . i have read all posts . i will be very grateful if u answer

zidro,
Always attach a screenprint.
cpfleger

fateh888,
Look and see for yourself...
cpfleger

I appreciate the feedback as always but a little confused. Are you saying I should make my entry before the no wick green candle forms above the LWMA? I always try to be ready 10 seconds before the new candle forms and make the order right when it does. I guess, since the system is supposed to be a guide for learning market flow that I could enter earlier when price is at the formed supdem box with signs of rejection. It's forever a honing process.

[EDIT:] I think I get what you meant now. It should have been 2 trades? The first with few pips, then enter again for the second larger upthrust? The spreads make it hard to not make the "first trade" of the pic example possible without a loss. I've since set my live accouunt (not in use yet) to lower spread with commissions, but it won't let me utilize that pricing option in the demo account sadly. Demo accounts seems to be locked to spread only.


I would love to work on exiting at a new ZZ/supdem box, however, it seems the several runner trades I've experienced has me leery as I don't know if it's going to bounce off EMAs and run away or blow past them and make a ZZ/box.


Here's my report for the last 7 weeks of demo trading:

Donny3rd,
According to my experience with RSI and the Synergy Continuation Histogram, when they both turn Green, I immediately look upwards to the MA and Candle for final confirmation and entry criterion. According to your screenshot, my finger is on the mouse 10 seconds before the next candle opens and then I watch the MA Line elbow form (when MA Line is about to form a new color and the fact, we already have a Green double wicked candle open and closed before the present candle) I am preparing in seconds to open a trade. I do not think about anything else, market structure, supdem boxes, etc, a clear mind based on my system indicators. I zoom inwards and watch that opened candle until the Wick extrudes from the candle body, and I then place a red dotted horizontal line right on top of this present candle box as a SL / TP point. If the candle starts to reverse above this dotted line into my dotted line I close the trade, a penny makes a pound. I do not think and only follow, I do not care about Lambo's or potential fortunes, I only care about one thing - performance, 95%+ winning trades is all I trade for.....
cpfleger

great job Donny!