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M1 Countertrend Scalping Strategy

  • #6,721
  • Jun 21, 2023 9:01am Jun 21, 2023 9:01am
Quoting Mojoloto
{quote} I understand the bid and ask part and what you are going for. I just dont understand what your trigger is. Fading micro movements and averaging it out if price doesn't come back instantly? Sorry for my ignorance
overconfidence and bad luck afflicts all of us in trading thus the need to manage money and risk!

discretionary trading is just that, the only vocabulary i have relates to raw price, and the most commonly used is support and resistance - ema's are used as a guide

i cannot tell you what my trigger is because i don't have one! if your really interested just check my previous posts if it might help

the vhf scalps are intense tick by tick focus and need quick trigger and the right tools
every minute matters!
  • #6,722
  • Jun 21, 2023 9:11am Jun 21, 2023 9:11am
Target 3 hit - 1500 usd. Trading done for the day....
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  • #6,723
  • Edited 9:29am Jun 21, 2023 9:17am | Edited 9:29am
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sell usd/jpy
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result was comeing into snr so I closed
without patience how can you be a trader?
  • #6,724
  • Jun 21, 2023 9:39am Jun 21, 2023 9:39am
Quoting niks
{quote} overconfidence and bad luck afflicts all of us in trading thus the need to manage money and risk! discretionary trading is just that, the only vocabulary i have relates to raw price, and the most commonly used is support and resistance - ema's are used as a guide i cannot tell you what my trigger is because i don't have one! if your really interested just check my previous posts if it might help the vhf scalps are intense tick by tick focus and need quick trigger and the right tools
It's ok. No problem
Thx
  • #6,725
  • Jun 21, 2023 9:40am Jun 21, 2023 9:40am
cpfleger, one thing wrong with this new template to many good trade setups don't know which one to take lol
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without patience how can you be a trader?
  • #6,726
  • Jun 21, 2023 9:42am Jun 21, 2023 9:42am
Steverino832,
Thats great, now focus and get 85% winners, talk later tonight.
cpfleger
  • #6,727
  • Jun 21, 2023 9:51am Jun 21, 2023 9:51am
Quoting cpfleger
Steverino832, Thats great, now focus and get 85% winners, talk later tonight. cpfleger
will do, talk to you later
without patience how can you be a trader?
  • #6,728
  • Jun 21, 2023 10:10am Jun 21, 2023 10:10am
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one more
without patience how can you be a trader?
  • #6,729
  • Jun 21, 2023 10:31am Jun 21, 2023 10:31am
Hello, sorry but what are these two indicators? Thank you
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  • #6,730
  • Jun 21, 2023 10:38am Jun 21, 2023 10:38am
Quoting cpfleger
Steverino832, As requested, screenprint for Indicators and Template attached. cpfleger {image} {file}
check out this post cpfleger gives the full run down of every thing on the template
without patience how can you be a trader?
  • #6,731
  • Jun 21, 2023 10:41am Jun 21, 2023 10:41am
Quoting Spank1969
Hello, sorry but what are these two indicators? Thank you {image}
Have You reading skill ? I think you should gain this skill, maybe start trading later
  • #6,732
  • Jun 21, 2023 10:51am Jun 21, 2023 10:51am
Quoting Steverino832
{quote} check out this post cpfleger gives the full run down of every thing on the template
Thanks
  • #6,733
  • Jun 21, 2023 2:00pm Jun 21, 2023 2:00pm

  1. cpfleger again.. I am asking why you bought there at blue lines on chart .. please reply

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  • #6,734
  • Jun 21, 2023 2:06pm Jun 21, 2023 2:06pm
Quoting fateh888
cpfleger again.. I am asking why you bought there at blue lines on chart .. please reply {image}
I think when you look on the 1m you'll see why.
a 1 wick reversal candle
  • #6,735
  • Jun 21, 2023 3:01pm Jun 21, 2023 3:01pm
fateh888,
I explained earlier what YOU need to do not me.
cpfleger
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  • #6,736
  • Jun 21, 2023 3:55pm Jun 21, 2023 3:55pm
Exceeded 2500 usd today before the close of the NY Session...
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  • #6,737
  • Jun 21, 2023 3:56pm Jun 21, 2023 3:56pm
Sorry my bad - 2250 usd today, big fingers and small keyboard.
cpfleger
  • #6,738
  • Jun 21, 2023 4:06pm Jun 21, 2023 4:06pm
Quoting cpfleger
Sorry my bad - 2250 usd today, big fingers and small keyboard. cpfleger
great job!
without patience how can you be a trader?
  • #6,739
  • Jun 21, 2023 4:34pm Jun 21, 2023 4:34pm
Gents,
YOU can do this, just relax and let the 1 Wick Candle come to YOU. You can buy or sell anytime this candle opens until it closes - you have time.
Watch the Wicks once a trade opens.
Use either 5M or 15M TF and go SLOW.
One trade at a time, record all trades in a Journal, log your data and every Friday do feedback to yourself or spouse.
Trading is about the 2 - 2 of simple Indicators, 2 decisions, 2 colors, etc.
Quit thinking just follow the Banks (trend or countertrend)
cpfleger
Attached File(s)
File Type: pdf Trading Blueprint.pdf   57 KB | 594 downloads
  • #6,740
  • Jun 21, 2023 4:43pm Jun 21, 2023 4:43pm
NOTE: A pound of prevention is worth more than an ounce of cure.

Clear you mind of the world issues, your personal money issues, the wife, the dog or cat, the weather and begin to FOCUS now. Only YOU are listening and learning here, no one else.
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