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M1 Countertrend Scalping Strategy

  • #6,681
  • Jun 21, 2023 6:13am Jun 21, 2023 6:13am
Steverino832,
If you are determined to use the 1M TF then go from the RSI upwards... 3 beauty trades for me.
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  • #6,682
  • Jun 21, 2023 6:13am Jun 21, 2023 6:13am
ok then i should use mtf? (m15/m5) then no noise. For example GBPUSD real time give me 2 potencial long for SL. I understand, that is lose is normal. But you talking only about winning trades If I was catching short trade in morning, i have place for trying buy with safe money. For Sure , two long transactions(blue square) was correct ? Third trade Very good and give me profit.
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  • #6,683
  • Jun 21, 2023 6:17am Jun 21, 2023 6:17am
pelagiusz,
Your blue boxes are correct BUT what you as a trader have not accepted is the next candle can change, so if you scalp on a 1 or 5M TF EXPECT a Pullback or do not trade yet, there is no such thing as a safe trade, you trading a human emotional market with no guarantees.
cpfleger
  • #6,684
  • Jun 21, 2023 6:17am Jun 21, 2023 6:17am
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  • #6,685
  • Jun 21, 2023 6:20am Jun 21, 2023 6:20am
Quoting cpfleger
Steverino832, Why was it a bad trade then ? Your still determined to use the 1M TF, yes but you enter late and I will screenprint and show you. cpfleger
tried to get cute and enter on the 1min chart, but it turned on me right away was down at one point for almost 20 pips and I could hear your voice in my head say stay on the 5 min.
without patience how can you be a trader?
  • #6,686
  • Jun 21, 2023 6:21am Jun 21, 2023 6:21am

  1. cpfleger as far as i see .. myself would have hit SL on first m15 buy on GBPUSD... Don't know how you have pulled it out in profits .

  • #6,687
  • Jun 21, 2023 6:21am Jun 21, 2023 6:21am
Steverino832,
Did I not explain the power of wicks Monday this week ???
Lower TF's will have more pullbacks than a higher TF BUT how does one know when this change is going to happen by watching the WICKS...
You guys need to read the last 15 pages and not just drop in with the same questions over and over. Read and learn first, trading is no different than riding a bicycle or kicking a football.
cpfleger
  • #6,688
  • Jun 21, 2023 6:25am Jun 21, 2023 6:25am
fateh888,
View the Report including gbpusd, I have learned the hard way and you going down that path too.
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  • #6,689
  • Jun 21, 2023 6:25am Jun 21, 2023 6:25am
Quoting cpfleger
Steverino832, If you are determined to use the 1M TF then go from the RSI upwards... 3 beauty trades for me. {image}
yes at that point it would have been great had I got in there but I was way too early and then I did not get out I let it turn again and had to wait for it to come back in to profit
without patience how can you be a trader?
  • #6,690
  • Jun 21, 2023 6:29am Jun 21, 2023 6:29am
Quoting cpfleger
Steverino832, Did I not explain the power of wicks Monday this week ??? Lower TF's will have more pullbacks than a higher TF BUT how does one know when this change is going to happen by watching the WICKS... You guys need to read the last 15 pages and not just drop in with the same questions over and over. Read and learn first, trading is no different than riding a bicycle or kicking a football. cpfleger
I know you are right and yes you did, but the trigger finger wants to trade right now lol.
without patience how can you be a trader?
  • #6,691
  • Jun 21, 2023 6:32am Jun 21, 2023 6:32am
Steverino832,
5M TF - Yes
1 Wicked HA Candle - Yes when it opens or a few seconds after it opened for confirmation (and yes it can change during the TF) - we accept this.
RSI is the same color as the Candle - Yes
SupDem Box painted - Yes
Arrow painted - Yes

There is your checklist.

Dumb question for you - why is your RSI Fat Line always RED in color ?
cpfleger
  • #6,692
  • Jun 21, 2023 6:35am Jun 21, 2023 6:35am
Mojoloto,
KoF Strategy Guide evidence.
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  • #6,693
  • Jun 21, 2023 6:37am Jun 21, 2023 6:37am
Quoting cpfleger
Steverino832, 5M TF - Yes 1 Wicked HA Candle - Yes when it opens or a few seconds after it opened for confirmation (and yes it can change during the TF) - we accept this. RSI is the same color as the Candle - Yes SupDem Box painted - Yes Arrow painted - Yes There is your checklist. Dumb question for you - why is your RSI Fat Line always RED in color ? cpfleger
I don't know I might not have it set up right I will have a look at it.
without patience how can you be a trader?
  • #6,694
  • Jun 21, 2023 6:44am Jun 21, 2023 6:44am
Steverino832,
RSI Settings.
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  • #6,695
  • Jun 21, 2023 6:45am Jun 21, 2023 6:45am
Quoting cpfleger
Mojoloto, KoF Strategy Guide evidence. {image}
I belive you Cpfleger! I see your trades.
Pfleger is btw a german word. One could translate it to NURSERER funnily enough

Thank you.
  • #6,696
  • Jun 21, 2023 6:48am Jun 21, 2023 6:48am
Mojoloto,
Additional evidence, Messr Pfleger (Southern Bavaria)....
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  • #6,697
  • Jun 21, 2023 6:53am Jun 21, 2023 6:53am
Quoting cpfleger
Steverino832, 5M TF - Yes 1 Wicked HA Candle - Yes when it opens or a few seconds after it opened for confirmation (and yes it can change during the TF) - we accept this. RSI is the same color as the Candle - Yes SupDem Box painted - Yes Arrow painted - Yes There is your checklist. Dumb question for you - why is your RSI Fat Line always RED in color ? cpfleger
Nice sound. I take this for me also.
  • #6,698
  • Jun 21, 2023 6:54am Jun 21, 2023 6:54am
Here are by the way some nicely coded indis by Kvak maybe someone could use:

HA Candles with 2 ema's with a button and a rsi which also shows signals when the rsi is exiting the OB OS zones ...
Attached File(s)
File Type: ex4 ribbon(+SMHA).ex4   347 KB | 200 downloads
File Type: ex4 rsi (2xlevels).ex4   157 KB | 233 downloads
  • #6,699
  • Jun 21, 2023 6:56am Jun 21, 2023 6:56am
pelagiusz,
If you read the entire Forum I use to have a defined Checklist on the left side of the Chart to remind the Trader daily.
If you visit the Paperclip I think V3 or V4 may still have the Checklist.
cpfleger
  • #6,700
  • Jun 21, 2023 6:56am Jun 21, 2023 6:56am
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