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M1 Countertrend Scalping Strategy

  • #6,641
  • Jun 20, 2023 9:45pm Jun 20, 2023 9:45pm
Quoting Steverino832
{image} evening trade
if you could add more info to the chart that would help understand the trade a bit better, i see four trade lines but your display says you have five trades open and i'm not sure which one is first or last, but i do see positive pips so that's always a good sign!
every minute matters!
  • #6,642
  • Jun 20, 2023 9:48pm Jun 20, 2023 9:48pm
Good morning from Malaysia! I go for XAUUSD trades only. Earlier I placed orders that were not targeted yet. I should look for the first entry on 1-wicked candlestick.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.M1.png Size: 23 KB
We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #6,643
  • Jun 20, 2023 9:48pm Jun 20, 2023 9:48pm
last one for the night
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (40).png Size: 26 KB
without patience how can you be a trader?
  • #6,644
  • Jun 20, 2023 9:50pm Jun 20, 2023 9:50pm
[quote=niks;14469285]{quote} if you could add more info to the chart that would help understand the trade a bit better, i see four trade lines but your display says you have five trades open and i'm not sure which one is first or last, but i do see positive pips so that's always a good sign![/quoter, I know right I only see 4 myself.
without patience how can you be a trader?
  • #6,645
  • Jun 20, 2023 9:51pm Jun 20, 2023 9:51pm
Quoting Steverino832
last one for the night{image}
great work mate! gotta love those double bottoms!
every minute matters!
  • #6,646
  • Jun 20, 2023 9:54pm Jun 20, 2023 9:54pm
[quote=Steverino832;14469293]
Quoting niks
{quote} if you could add more info to the chart that would help understand the trade a bit better, i see four trade lines but your display says you have five trades open and i'm not sure which one is first or last, but i do see positive pips so that's always a good sign![/quoter, I know right I only see 4 myself.
maybe the display is a bit dodgy, it doesn't appear to translate pips consistently either, i would not place my trust in a tool like that, maybe search for a better option, i don't know...
every minute matters!
  • #6,647
  • Jun 20, 2023 9:58pm Jun 20, 2023 9:58pm
well guys have a great night, time for some tv before bed
without patience how can you be a trader?
  • #6,648
  • Jun 21, 2023 1:10am Jun 21, 2023 1:10am
Another waterfall upon UK CPI news...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDM1.png Size: 21 KB
Click to Enlarge Name: XAUUSD.M1.png Size: 21 KB
We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #6,649
  • Jun 21, 2023 1:59am Jun 21, 2023 1:59am
@cpfleger, thanks for the new template. Clear and clean view.
Just steal some gold.
xinitial.
Attached Image (click to enlarge)
Click to Enlarge Name: image_2023-06-21_135641943.png Size: 22 KB
  • #6,650
  • Jun 21, 2023 2:01am Jun 21, 2023 2:01am
Quoting xinitial
@cpfleger, thanks for the new template. Clear and clean view. Just steal some gold. xinitial. {image}
Happy GOLD Trading!
We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #6,651
  • Jun 21, 2023 2:44am Jun 21, 2023 2:44am
Starting the day off on a good foot....
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Click to Enlarge Name: KoF.jpg Size: 81 KB
  • #6,652
  • Jun 21, 2023 2:51am Jun 21, 2023 2:51am
Quoting deaftrader
{quote} Happy GOLD Trading!
Hope you have a happy trading day too.
  • #6,653
  • Jun 21, 2023 3:52am Jun 21, 2023 3:52am

  1. cpfleger was my sell good ??

Attached Image (click to enlarge)
Click to Enlarge Name: Sell EURUSD FF.PNG Size: 25 KB
  • #6,654
  • Jun 21, 2023 3:57am Jun 21, 2023 3:57am
fateh888,
One candle too late but the intent was correct. Open up the Extreme Spike Indicator settings and you can remove the red and green circles on the main chart and rely on the supdem Boxes instead. Yell if you need help.
cpfleger
  • #6,655
  • Jun 21, 2023 3:57am Jun 21, 2023 3:57am
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 230 KB
  • #6,656
  • Jun 21, 2023 4:03am Jun 21, 2023 4:03am

  1. cpfleger . okay .. so now it is going up .. should i wait and average or be brave and use Stop loss ?

  • #6,657
  • Jun 21, 2023 4:11am Jun 21, 2023 4:11am
fateh888,
Always screenprint the chart please.
When scalping on the 1 or 5M TF expect pullbacks and the real secret is to open on a 1 wicked candle and be ready to close within 2 to 3 candles without using the SL.
Zoom inwards and watch the candles form, 2 wicks candles are your enemies and we trade the 1 wick candles only and close as soon as possible due to pullbacks.
Screenprint everytime.
cpfleger
  • #6,658
  • Jun 21, 2023 4:16am Jun 21, 2023 4:16am
fateh888,
See screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 181 KB
  • #6,659
  • Jun 21, 2023 4:29am Jun 21, 2023 4:29am
Setting daily target of 500 usd...
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  • #6,660
  • Jun 21, 2023 4:34am Jun 21, 2023 4:34am

  1. cpfleger .

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Click to Enlarge Name: buy FF.PNG Size: 21 KB
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