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M1 Countertrend Scalping Strategy

  • #7,581
  • Jun 30, 2023 10:03am Jun 30, 2023 10:03am
Quoting Amiraven
Inspired by Niks … {image}
unreal! i couldn't remember placing these trades then i saw it was you! the pips really rack up in no time and its lots of fun, very well done, and i see your already addicted with a second batch... it is very hard but very rewarding and will improve your reading of the market significantly, great to see and keep up the great work, i'm humbled!
every minute matters!
  • #7,582
  • Jun 30, 2023 10:25am Jun 30, 2023 10:25am
Like your trading guys. I have traded on an off with counter trend with ok results. Just until the big 200+ pips move against me.

How do you guys avoid this? Do you have a % stop loss for account?
  • #7,583
  • Jun 30, 2023 10:27am Jun 30, 2023 10:27am
Attached Image (click to enlarge)
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a Lil kof acton just for fun
without patience how can you be a trader?
  • #7,584
  • Jun 30, 2023 10:28am Jun 30, 2023 10:28am
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I haven't come this far to only come this far !
  • #7,585
  • Jun 30, 2023 10:42am Jun 30, 2023 10:42am
Quoting cpfleger
Hit 500 usd - 3 trades left before I call it a day. {image}
Sorry cpfleger, i don't understand your rules
Fur gold you buy above the ball and out of the ribbon ok
For crude you buy inside the ribbon ????
Chris
  • #7,586
  • Jun 30, 2023 10:52am Jun 30, 2023 10:52am
Elsaloon,
On the Forex Ribbon System as I stated this week for the newbies learning this system to TREND trade only by using the 8 Ball (green and Red).
I have been trading this system for awhile and can Countertrend (without the 8 Ball) and Trend with the 8 Ball.
cpfleger
  • #7,587
  • Jun 30, 2023 10:54am Jun 30, 2023 10:54am
Quoting cpfleger
Elsaloon, On the Forex Ribbon System as I stated this week for the newbies learning this system to TREND trade only by using the 8 Ball (green and Red). I have been trading this system for awhile and can Countertrend (without the 8 Ball) and Trend with the 8 Ball. cpfleger
Thank you cpfleger
  • #7,588
  • Jun 30, 2023 3:29pm Jun 30, 2023 3:29pm
Quoting Amiraven
Inspired by Niks … {image}
Nice scalps my friend:

Attached Image (click to enlarge)
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Trust your gut.

Quoting josh1111
{quote} Calling it a week boys and girls. Here is my 5K Demo results for this week. {image}
Awesome josh1111, that's +28% for the week.
  • #7,589
  • Edited 4:34pm Jun 30, 2023 4:14pm | Edited 4:34pm
enjoy the weekend guys, it has been great trading with all of you.
happy 4 the of July every one have fun and be safe
without patience how can you be a trader?
  • #7,590
  • Jun 30, 2023 10:09pm Jun 30, 2023 10:09pm
Quoting Karmaw
Countertrend becomes trend {image}
well done... this is ideal for maximising profits and works very well for me (thanks darwati!)

use ema200 to your advantage, study it VERY carefully, your on the right path...
every minute matters!
  • #7,591
  • Jun 30, 2023 10:22pm Jun 30, 2023 10:22pm
Quoting smeden
Like your trading guys. I have traded on an off with counter trend with ok results. Just until the big 200+ pips move against me. How do you guys avoid this? Do you have a % stop loss for account?
you can't avoid it, you manage it! managing it is simple, you either take a loss or you don't...

your management plans need to account for this scenario and then ten times more, if you assume this will NEVER happen throughout the course of your trading then you will be disappointed when it does rather than being prepared for it...

learning to manage it is where your true trading development lies, not finding the perfect entry, because it doesn't exist - it takes a lot of hard work and dedication just to start feeling comfortable let alone make big profits with this strategy

the best advice offered by the most experienced including KoF is to TRADE LIGHTLY relative to your account until you have enough proven experience to do otherwise, everybody starting out should take that on board...
every minute matters!
  • #7,592
  • Jun 30, 2023 10:30pm Jun 30, 2023 10:30pm
Quoting Steverino832
enjoy the weekend guys, it has been great trading with all of you. happy 4 the of July every one have fun and be safe
take care mate - use the time to soak in your great achievements and looking forward to more!
every minute matters!
  • #7,593
  • Jun 30, 2023 10:36pm Jun 30, 2023 10:36pm
Quoting niks
{quote} take care mate - use the time to soak in your great achievements and looking forward to more!
thank you, and best wishes to my friend
without patience how can you be a trader?
  • #7,594
  • Jul 1, 2023 4:25am Jul 1, 2023 4:25am
Quoting smeden
Like your trading guys. I have traded on an off with counter trend with ok results. Just until the big 200+ pips move against me. How do you guys avoid this? Do you have a % stop loss for account?
I use a 30% hard stop. It will happen.
Leave the Gun, Take the Armani
  • #7,595
  • Jul 1, 2023 5:45am Jul 1, 2023 5:45am
Quoting cliffjaded
{quote} I use a 30% hard stop. It will happen.
I think it Iis a very good solution. It the only way to stay alive and make some money
  • #7,596
  • Jul 1, 2023 6:25am Jul 1, 2023 6:25am
Quoting Steverino832
{image} a Lil kof acton just for fun

Hi Steverino , could you share the indicator ,you are using in your chart sub-window?
  • #7,597
  • Jul 1, 2023 6:42am Jul 1, 2023 6:42am
Quoting kasrafx
{quote} Hi Steverino , could you share the indicator ,you are using in your chart sub-window?
sure
Attached File(s)
File Type: ex4 RSI jurik.ex4   82 KB | 352 downloads

Attached File(s)
File Type: ex4 Synergy_Continuation.ex4   39 KB | 324 downloads
Attached File(s)
File Type: tpl EMA Strategy with Rules Feb 2023.tpl   126 KB | 344 downloads
without patience how can you be a trader?
  • #7,598
  • Jul 1, 2023 7:05am Jul 1, 2023 7:05am
Quoting Steverino832
{quote} sure{file} {file} {file}

Thanks a lot
  • #7,599
  • Jul 1, 2023 7:31am Jul 1, 2023 7:31am
earlier btc scalps...
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and one just now!
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every minute matters!
  • #7,600
  • Jul 1, 2023 7:39am Jul 1, 2023 7:39am
Quoting kasrafx
{quote} Thanks a lot
you are welcome!
without patience how can you be a trader?
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