M1 Countertrend Scalping Strategy

cpfleger, did I set this up right?

Steverino832,
See screenprint for HA Candle Button. Bottom Indicator next.
cpfleger

Steverino832,
Save the Template again once settings sorted and move upwards to the 4-hour TF, look for those lovely 1 wicked candle legs.
cpfleger

thank you!

Cpfleger.
Can you explain me how you use the Synergy range factor
Thanks

Elsaloon,
The Synergy Range Factor is a directional bias Indicator and in simple terms, when the Line is above the zero horizontal line it's a BUY and below is a SELL.
But the reason why I introduced it was to tell me from the Extreme Spike Green / Red Bar to its opposite Bar. Makes sense ???
cpfleger

Range Factor acts a supporting directional bias and can be a entry / exit confirmation Indicator.

Ok Thanks you my retired Friend

Hi Cpfleger,
The last post you mentioned about the investing was like a synchronicity happened to me. I was thinking a lot about the invesing since the last two days as i was looking at the D1, W and even monthly charts with your template wondering why can't i use the same rules that you teach us.

If you don't want to go in detail about investing in this thread, it is ok and i understand.

But would you please give some short insight about investing rules from your experience? Ex like which time frame to use, would you go to a smaller time frame to enter the position etc to reduce the SL etc by keeping in mind the large time frame etc.

Any nuggets is highly appreciated.

Thanks for all you do.God Bless.

Thanks and Regards,
dreampips.

dreampips,
When a Retail Trader performs over 90 days successfully, his mind starts to wonder about other opportunities....
I have two large accounts, MT4 / MT5 and both use M4 for medium (weekly targets) and/or Daily for monthly targets.
When you start stepping out of the trading method and start thinking like an Investor you do slightly change your trading methodology.
I have learned from a few external Montors especially Oliver Velez that we should quit multi TF'ing (analysis) because its leads down the wrong rabbit hole as I have described here over the past week.
I use the same Systems I use to scalp but quit trying for quick performance but longer term as I screenprinted earlier about Trader vs Investor. You look at that screenprint and you have very good feeling that Bitcoin is going down next week on the Daily TF. Be aware of flopping TF's again as they will report different outcomes.
So, open a second Platform apply a Daily TF, system Template and find a currency pair that moves in big cycles and watch for a week, simulate a few trades, start small and build the account.
cpfleger