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M1 Countertrend Scalping Strategy

  • #6,701
  • Jun 21, 2023 7:10am Jun 21, 2023 7:10am
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i think i have it now.
without patience how can you be a trader?
  • #6,702
  • Jun 21, 2023 7:12am Jun 21, 2023 7:12am
Steverino832,
Beautiful ART, just look at those Candles and those sexy legs.
cpfleger
  • #6,703
  • Jun 21, 2023 7:14am Jun 21, 2023 7:14am
Steverino832,
Add the Chart Symbol to the top right corner and it will be perfect, save the template too.
cpfleger
Attached File(s)
File Type: ex4 0 - Chart Symbol.ex4   9 KB | 242 downloads
  • #6,704
  • Jun 21, 2023 7:24am Jun 21, 2023 7:24am
Steal some pips.
Thanks cpfleger.
xinitial
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  • #6,705
  • Jun 21, 2023 7:27am Jun 21, 2023 7:27am
xinitial,
Your welcomed.
cpfleger
  • #6,706
  • Jun 21, 2023 7:32am Jun 21, 2023 7:32am
Hit target 1 = 500 usd.
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  • #6,707
  • Jun 21, 2023 7:35am Jun 21, 2023 7:35am
i'm working. Both pairs was still in supprt-ressitance indicator. I have a questions- what is important for OBV ? IN this example, red point is the same, but black line is different. Is it matter?
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  • #6,708
  • Jun 21, 2023 7:40am Jun 21, 2023 7:40am
pelagiusz,
OBV - On Balance Volume is volume collected over time and gives a Directional Bias.
The Red Extreme Spike Bar tells you in advance a Sell is coming and the OBV confirms with directional line.
cpfleger
  • #6,709
  • Jun 21, 2023 7:42am Jun 21, 2023 7:42am
750 usd - Target 2 is coming.
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  • #6,710
  • Jun 21, 2023 7:44am Jun 21, 2023 7:44am

  1. cpfleger . have i done correctly this time ???? . really wants to know . please

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  • #6,711
  • Jun 21, 2023 7:46am Jun 21, 2023 7:46am
fateh888,
Yes sir.
cpfleger
  • #6,712
  • Jun 21, 2023 7:48am Jun 21, 2023 7:48am
Damn, I love trading...................
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  • #6,713
  • Jun 21, 2023 8:05am Jun 21, 2023 8:05am

  1. cpfleger . i have a concern about scalping .. i know you are the right one to ask this question. in this system we use SL . and do scalping . in pullbacks there are high chances of hitting SL . as SL is placed a little further and we are scalping . this will create uneven ratio on win to lose .. suppose we make 5 trades which makes 10$ by scalping and just one SL hit create -10$ down .. So, should we not use SL and average trade only ? or SL must be used ?

  • #6,714
  • Jun 21, 2023 8:16am Jun 21, 2023 8:16am
fateh888,
First we must learn the basics and that will include using a SL around the x point. Do not worry about risk to reward and some people may not like this comment, but KoF and I trade around the Market and not a futuristic thought / request from the Market. You will have to Feel the Market just like when you kick a football, balance on a bicycle. Now just practice and master the Process and when you can get your performance up to 85% or better then you're ready for phase 2.
cpfleger
  • #6,715
  • Jun 21, 2023 8:29am Jun 21, 2023 8:29am
A little bit more please....
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  • #6,716
  • Jun 21, 2023 8:33am Jun 21, 2023 8:33am
Target 2 hit - 1000 usd.
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  • #6,717
  • Jun 21, 2023 8:34am Jun 21, 2023 8:34am
M1 Countertrend Scalps!
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every minute matters!
  • #6,718
  • Jun 21, 2023 8:48am Jun 21, 2023 8:48am
1200 usd hit, a beautiful day.
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  • #6,719
  • Edited 9:10am Jun 21, 2023 8:57am | Edited 9:10am
My setup:

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Recovered 100 pip loss from yesterday already! More pips please........

Price stuck in narrow range on EURUSD good for scalping.
  • #6,720
  • Jun 21, 2023 9:00am Jun 21, 2023 9:00am

  1. cpfleger the blue line is where is you buy gold .. How so .?? there is no Buy 1 wick HA candle there ? please can u explain why you bought at that place ? please

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