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M1 Countertrend Scalping Strategy

  • #6,921
  • Jun 23, 2023 12:52pm Jun 23, 2023 12:52pm
Mojoloyo,
I cannot show because I away from my computer, but I have been using a ZZ Channel with my recently paid 1 Wick HA Candle Black Diamond that defines all 1 wicked candles and is allowing me to play trend and countertrends especially with the very volatile gold market.
cpfleger
  • #6,922
  • Jun 23, 2023 12:56pm Jun 23, 2023 12:56pm
Quoting cpfleger
Mojoloyo, I cannot show because I away from my computer, but I have been using a ZZ Channel with my recently paid 1 Wick HA Candle Black Diamond that defines all 1 wicked candles and is allowing me to play trend and countertrends especially with the very volatile gold market. cpfleger
No problem. All good
only if you have time ...
  • #6,923
  • Jun 23, 2023 3:33pm Jun 23, 2023 3:33pm
Let's start our weekend trading....
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 416 KB
  • #6,924
  • Jun 23, 2023 3:50pm Jun 23, 2023 3:50pm
Quick system comparison... KoF EMA vs ZZ Channel.
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 496 KB
  • #6,925
  • Jun 23, 2023 4:02pm Jun 23, 2023 4:02pm
Quoting cpfleger
Quick system comparison... KoF EMA vs ZZ Channel. {image}
they are showing the same info to me the one on the right cleaner or easier to read the price action.
just my take on it, what do you think?
without patience how can you be a trader?
  • #6,926
  • Jun 23, 2023 4:16pm Jun 23, 2023 4:16pm
Steverino832,
Let's look at 3 Systems and each has a good and bad BUT we must not forget that we are trading Bitcoin for the next 72 hours with its silly spread, so we are trend trading.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 566 KB
  • #6,927
  • Jun 23, 2023 4:19pm Jun 23, 2023 4:19pm
Steverino832,
The KoF EMA Systems for trend trading rely on the Trader opening a trade above the EMAs for trend trading the 4 hour TF. The reason for the 4 HR TF is to allow the silly spread to settle down as if you watch the spread it bounces alot.
The ZZ Channel constricts the human eye and makes him / her focus more and aligns the trade position.
cpfleger
  • #6,928
  • Jun 23, 2023 4:23pm Jun 23, 2023 4:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 350 KB
  • #6,929
  • Jun 23, 2023 4:26pm Jun 23, 2023 4:26pm
Steverino832,
Make sense ?
cpfleger
  • #6,930
  • Jun 23, 2023 4:29pm Jun 23, 2023 4:29pm
Quoting cpfleger
Steverino832, The KoF EMA Systems for trend trading rely on the Trader opening a trade above the EMAs for trend trading the 4 hour TF. The reason for the 4 HR TF is to allow the silly spread to settle down as if you watch the spread it bounces alot. The ZZ Channel constricts the human eye and makes him / her focus more and aligns the trade position. cpfleger
yes that's what was about say, but the chart to the far left has the x-factor indi on it and it gives one more good buy that the arrows did not
without patience how can you be a trader?
  • #6,931
  • Jun 23, 2023 4:31pm Jun 23, 2023 4:31pm
Quoting cpfleger
Steverino832, Make sense ? cpfleger
yes 100 precent .
without patience how can you be a trader?
  • #6,932
  • Jun 23, 2023 4:34pm Jun 23, 2023 4:34pm
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 365 KB
  • #6,933
  • Jun 23, 2023 4:37pm Jun 23, 2023 4:37pm
Steverino832,
Comment noted and ZWinner X Factor Indi added and allow more comments.
cpfleger
  • #6,934
  • Jun 23, 2023 4:41pm Jun 23, 2023 4:41pm
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 310 KB
  • #6,935
  • Jun 23, 2023 4:42pm Jun 23, 2023 4:42pm
Comments welcomed, a Team effort would be nice....
cpfleger
  • #6,936
  • Jun 23, 2023 4:54pm Jun 23, 2023 4:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 328 KB
  • #6,937
  • Jun 23, 2023 4:57pm Jun 23, 2023 4:57pm
Quoting cpfleger
Comments welcomed, a Team effort would be nice.... cpfleger
trend lines are not as subjective as moving avg are. just my take price breaks the line or it does not
without patience how can you be a trader?
  • #6,938
  • Jun 23, 2023 5:03pm Jun 23, 2023 5:03pm
Quoting cpfleger
{image}
ok when we see a red one wicked candlestick because I see a lot of long wicks
without patience how can you be a trader?
  • #6,939
  • Jun 23, 2023 5:04pm Jun 23, 2023 5:04pm
Steverino832,
They are Dynamic in nature and stay put.
If you look at the bottom of the upward Channel you will see a Red Crossing Line and this Line is the reversal area from a previous sell to a new buy Channel as the market goes upwards. Now technically speaking we WAIT until we get a top Red Line across the buying channel, and it will form but because we are on the 4 HR TF it will take a while, makes sense ?
cpfleger
  • #6,940
  • Jun 23, 2023 5:05pm Jun 23, 2023 5:05pm
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 317 KB
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