Attachments: M1 Countertrend Scalping Strategy

M1 Countertrend Scalping Strategy

#6,621
Jun 20, 2023 10:06am Jun 20, 2023 10:06am

Amiraven
| Joined Apr 2023 | Status: Trader | 388 Posts

Quoting niks

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{quote} probably only what i have posted if nothing else appears, reading the price action is the key for me and the best resource see i helped you and amiraven! out of your drawdown! look what gold is doing now! {image} too early in my opinion amiraven, wait for it to bottom out and retrace first, the double bottom hints at a return to at least ema200 - ALWAYS wait for ema200 when in drawdown, ALWAYS!

Ignored

A soul in tension that's learning to fly
Condition grounded but determined to try...

I haven't come this far to only come this far !

#6,622
Jun 20, 2023 10:40am Jun 20, 2023 10:40am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

Shooting for Target 2 - 1000 usd

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#6,623
Jun 20, 2023 10:59am Jun 20, 2023 10:59am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

UK Session closes shortly and a drop in volume is next....

#6,624
Jun 20, 2023 11:12am Jun 20, 2023 11:12am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

Little by little...

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#6,625
Jun 20, 2023 11:14am Jun 20, 2023 11:14am

Steverino832
Joined Mar 2023 | Status: Trader | 1,007 Posts

Quoting cpfleger

Disliked

Little by little... {image}

Ignored

love it!

without patience how can you be a trader?

#6,626
Jun 20, 2023 11:17am Jun 20, 2023 11:17am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

Watch those wicks my man....

#6,627
Jun 20, 2023 11:20am Jun 20, 2023 11:20am

Steverino832
Joined Mar 2023 | Status: Trader | 1,007 Posts

Quoting cpfleger

Disliked

Watch those wicks my man....

Ignored

will do that! life and my wife are calling me to pay some bills and be back later

without patience how can you be a trader?

#6,628
Jun 20, 2023 11:24am Jun 20, 2023 11:24am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

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#6,629
Jun 20, 2023 11:38am Jun 20, 2023 11:38am

fateh888
| Joined Apr 2021 | Status: Trader | 193 Posts

cpfleger . I know that u use Stop Loss ... has it ever hit ??
. Also do u do Top Down analysis on HA charts ??
Thanks for your contributions .. Love it

#6,630
Jun 20, 2023 11:50am Jun 20, 2023 11:50am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

fateh888,
I use a SL on my wifes account due to the small Balance and I limit a loss to the maximum of 50% of the small Balance.
I do not do top-down analysis as I do bottom-up analysis as I have said in this post a few times. The lower TF's move before the higher TF's and the higher Tf's are not accurate in the direction especially when it comes to news or unscheduled events.
If you go over last night's Posts (past 10 pages) you will see the simplest way to trade.
cpfleger

#6,631
Jun 20, 2023 11:54am Jun 20, 2023 11:54am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

Top down analysis - you decide....

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#6,632
Jun 20, 2023 11:55am Jun 20, 2023 11:55am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

I know which TF is prefer..... I follow the momentum candles (mo money).

#6,633
Jun 20, 2023 11:57am Jun 20, 2023 11:57am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

Seeking Target 2....

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#6,634
Jun 20, 2023 12:06pm Jun 20, 2023 12:06pm

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

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#6,635
Edited 5:41pm Jun 20, 2023 12:49pm | Edited 5:41pm

Steverino832
Joined Mar 2023 | Status: Trader | 1,007 Posts

Quoting cpfleger

Disliked

My last Gift to the Forum. Some may enjoy and some may not but it's a good read. Have a great life. cpfleger {image}

Ignored

guys this is a great read, and IMHO it is a must read check the paper clip at the top of the page
https://www.forexfactory.com/attachm...8?d=1682709986

without patience how can you be a trader?