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M1 Countertrend Scalping Strategy

  • #7,221
  • Jun 27, 2023 12:46pm Jun 27, 2023 12:46pm
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out for 3 pips
without patience how can you be a trader?
  • #7,222
  • Jun 27, 2023 1:07pm Jun 27, 2023 1:07pm
Steverino832,
More information for you.
cpfleger
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  • #7,223
  • Jun 27, 2023 1:27pm Jun 27, 2023 1:27pm
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  • #7,224
  • Jun 27, 2023 1:52pm Jun 27, 2023 1:52pm
Quoting cpfleger
Steverino832, More information for you. cpfleger {image}
thank you!
without patience how can you be a trader?
  • #7,225
  • Jun 27, 2023 2:08pm Jun 27, 2023 2:08pm
Quoting cpfleger
{image}
which broker u using ?? please tell .. need it for study
  • #7,226
  • Jun 27, 2023 2:17pm Jun 27, 2023 2:17pm
fateh888,
Answered that question a week ago.
cpfleger
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  • #7,227
  • Jun 27, 2023 2:28pm Jun 27, 2023 2:28pm
Quoting cpfleger
{image}
i am pretty sure this trades is not on IC-Markets .. must be Blueberry then ?. . it is that ICmarkets Price and time is not matching with me on IC broker .
  • #7,228
  • Jun 27, 2023 2:30pm Jun 27, 2023 2:30pm
Hi Cpfleger,
A question/observation.
Great performance as always. From observing your trades daily, majority of the money is made from gold. Am I correct? If I am, do you think the same amount of money can be made from all the fx pairs without gold on a daily basis? Just wondering since I haven't traded gold ever.

Thanks and Regards,
dreampips
  • #7,229
  • Jun 27, 2023 2:36pm Jun 27, 2023 2:36pm
dreampips,
Over the last couple of months, I only screen printed my wife's account (see attached screenprint from today) and recently I started screen printing one of my Big Boy accounts to show both small and medium sized accounts can be traded daily.
I trade Gold even on the wife's account.
cpfleger
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  • #7,230
  • Jun 27, 2023 2:37pm Jun 27, 2023 2:37pm
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  • #7,231
  • Jun 27, 2023 2:39pm Jun 27, 2023 2:39pm
Set up....
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  • #7,232
  • Jun 27, 2023 2:41pm Jun 27, 2023 2:41pm
Trading Question

Where on a typical EMA System (4 EMA's) is GREED ?
Where on a typical EMA System (4 EMA's) is FEAR?
cpfleger
  • #7,233
  • Jun 27, 2023 2:43pm Jun 27, 2023 2:43pm
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  • #7,234
  • Jun 27, 2023 2:43pm Jun 27, 2023 2:43pm
Quoting cpfleger
Set up.... {image}
Wouldn't you avoid entering now because of the two wicked candle?
  • #7,235
  • Jun 27, 2023 2:50pm Jun 27, 2023 2:50pm
Thanks Cpfleger for mentioning that gold can be traded from small account as well.

Another question - would you say statistically, there are more number of gold trades than other instruments?

Thanks,
dreampips
  • #7,236
  • Jun 27, 2023 2:51pm Jun 27, 2023 2:51pm
josh1111,
Aaaa josh1111 is in the house.
Well what type of strategy and system is being displayed within the screen printed set up ?
KoF EMA Strategy and System, did Mr KoF ever talk about a 1 wicked HA Candle ? No sir.
So his strategy was to - allow the market to go away as far as the market allowed it (Fear) and open a trade in a countertrend fashion with no mention of any type of candle, just prepare for a countertrend. So I opened a trade after the Fear (furthest market point) for a countertrend trade.
Great question dude.
cpfleger
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  • #7,237
  • Jun 27, 2023 2:57pm Jun 27, 2023 2:57pm
Gents,
To add to josh's question, I made my system based on the 1 wicked HA Candle due to the fact its a Momentum Candle (Money & Volume) after trying to master the KoF 1M Countertrend Strategy with an extra objective of Cost Averaging which I believe most traders do not have enough money in their live account to allow the Drawdown when a trader opens too early. Just review a few 1M Countertrend Charts and see where the first trade has been opened and then count how many candles had to go by to get into profit - Drawdown is expensive.
So, I added the HA Candles, 1 Wicked Candle as the entry point for less risk and drawdown which most Traders can relate to within a Live Account of less than 500 usd.
Remember, Drawdown is a RISK and if you cannot afford it, avoid it or reduce it if possible.
cpfleger
  • #7,238
  • Jun 27, 2023 2:58pm Jun 27, 2023 2:58pm
Quoting cpfleger
josh1111, Aaaa josh1111 is in the house. Well what type of strategy and system is being displayed within the screen printed set up ? KoF EMA Strategy and System, did Mr KoF ever talk about a 1 wicked HA Candle ? No sir. So his strategy was to - allow the market to go away as far as the market allowed it (Fear) and open a trade in a countertrend fashion with no mention of any type of candle, just prepare for a countertrend. So I opened a trade after the Fear (furthest market point) for a countertrend trade. Great question dude. cpfleger {image}
Thanks for clarifying. I'm in on the trade with you.
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  • #7,239
  • Jun 27, 2023 3:00pm Jun 27, 2023 3:00pm
Quoting cpfleger
josh1111, Aaaa josh1111 is in the house. Well what type of strategy and system is being displayed within the screen printed set up ? KoF EMA Strategy and System, did Mr KoF ever talk about a 1 wicked HA Candle ? No sir. So his strategy was to - allow the market to go away as far as the market allowed it (Fear) and open a trade in a countertrend fashion with no mention of any type of candle, just prepare for a countertrend. So I opened a trade after the Fear (furthest market point) for a countertrend trade. Great question dude. cpfleger {image}
If my opinion is interesting, then the turnover will be colossal. This is due to the news in the global market. I think my analysis will be useful to everyone. You can look at this
My market analysis{ virus risk deleted by staff }
Watch me trade Live on YouTube
  • #7,240
  • Jun 27, 2023 3:05pm Jun 27, 2023 3:05pm
Gents,
My latest ZZ Channel System to add more understanding.
cpfleger
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