M1 Countertrend Scalping Strategy

VERY important, read carefully.

The Market can change anytime especially on lower TF's, so be aware and on the average, after a decent trend the Market tends to go into a Range to allow the Banks time to perform their risk analysis and determine the future direction.

1st Target hit....

As instructed...

2nd and 3rd hit.
Live teaching people.
Learn and earn.

my trade

In Summary
1 Wicked HA Candles are the entry point.
Possible small Drawdown.
SL defined (protect the account Balance).
TP's defined (1 to 3).
2 Colors, 2 directions, 2 wicks, 2 decisions (open and close)
cpfleger

Steverino832,
Move upwards to 5M TF and go slower and fine tune that performance.
cpfleger

Are the 2nd & 3rd Trade from the initial enter point or 1 pip and 2 pips below with 1 pip tp?

Ronin,
Based on previous Candle WICKS, the Market talks through the wicks.
cpfleger

The indicators will repaint purposely because of the Market inputs / data, you must remember at all times the Forex Market is NOT centralized and is an actual AUCTION HOUSE of buying and selling financial Instruments, so it will bounce alot, less than 30% trending unlike Stocks or other Markets. The biggest Market but the worse trending one...
cpfleger

I see. Before the one wicked candle the market was choppy / ranging as lots of double wicks within a range.

Ronin,
True and ART of forex trading is knowing how the Market talks. Double Wicks are the ENEMIES, and 1 Wick Candles are my (Our) Friends.
We use them with gratitude.
cpfleger

cpfleger, thank you for today I had fun it was a blast!

i missed it

Anytime as I pay forward...
cpfleger