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M1 Countertrend Scalping Strategy

  • #7,701
  • Jul 3, 2023 7:51am Jul 3, 2023 7:51am
A true criminal must be one step or wick ahead of those Bastard Banks...................
  • #7,702
  • Jul 3, 2023 7:53am Jul 3, 2023 7:53am
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  • #7,703
  • Jul 3, 2023 8:01am Jul 3, 2023 8:01am
pounding the pound...
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every minute matters!
  • #7,704
  • Jul 3, 2023 8:03am Jul 3, 2023 8:03am
heavy metal for the headbangers!
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every minute matters!
  • #7,705
  • Jul 3, 2023 8:13am Jul 3, 2023 8:13am
Quoting cpfleger
{image}
I think you are preparing to sell.
xinitial
  • #7,706
  • Jul 3, 2023 8:14am Jul 3, 2023 8:14am
Quoting niks
heavy metal for the headbangers! {image} {image}
Hi niks can i ask you what is your's account size and lot size that are you trading to manage a that DD ?

Thanks!!
  • #7,707
  • Jul 3, 2023 8:34am Jul 3, 2023 8:34am
xinitial,
Correct with patience.
cpfleger
  • #7,708
  • Jul 3, 2023 8:34am Jul 3, 2023 8:34am
Trapped in a tough trend ...
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I haven't come this far to only come this far !
  • #7,709
  • Jul 3, 2023 8:46am Jul 3, 2023 8:46am
Amiraven,
See screenprint.
cpfleger
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  • #7,710
  • Jul 3, 2023 8:49am Jul 3, 2023 8:49am
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  • #7,711
  • Jul 3, 2023 8:52am Jul 3, 2023 8:52am
My 6 month Prop Firm Challenge is coming around the corner....
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  • #7,712
  • Jul 3, 2023 8:52am Jul 3, 2023 8:52am
Quoting zidro
{quote} Hi niks can i ask you what is your's account size and lot size that are you trading to manage a that DD ? Thanks!!
hi zidro, to keep it simple, i'll provide ratios, it varies due to margin of course...

standard KoF ratio is 1 lot assuming a 100k account, i rarely use that and only for high frequency scalps when i do

so for gold i would use 0.2, silver 0.5, forex major 0.5-0.7, exotics and bitcoin 0.1, as a rough guide

the drawdown on the gold and silver trades look worse than they were which was barely noticeable!
every minute matters!
  • #7,713
  • Edited 9:09am Jul 3, 2023 8:56am | Edited 9:09am
Quoting cpfleger
My 6 month Prop Firm Challenge is coming around the corner.... {image}
awesome job cpfleger now let us win it! love it!
they don't stand a chance!
without patience how can you be a trader?
  • #7,714
  • Jul 3, 2023 8:58am Jul 3, 2023 8:58am
Quoting cpfleger
My 6 month Prop Firm Challenge is coming around the corner.... {image}
Wowwww.
  • #7,715
  • Jul 3, 2023 9:14am Jul 3, 2023 9:14am
Quoting Amiraven
Trapped in a tough trend ... {image}
yes you are, its always better to get stuck long on gold and silver, especially when its cheap, you can either try and hit breakeven or scalp the other way until it reverses, good luck!
every minute matters!
  • #7,716
  • Jul 3, 2023 9:32am Jul 3, 2023 9:32am
What you do in this case ?
Put a SL open more sells ?
I opened a sell on red wicked candle Extreme spike red, was rising like hell before news
Im kinda lost with this, actualy cpfleger i dont know how you manage so well this scalpings, maybee have some trail stoploss of 2 pips or something like that,
and so purprised how you make always profit " almost 100 % " like a Wizard

I read all the suff actualy i was going well with 1 minut KOF but some weeks ago the DD took advantage from me
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  • #7,717
  • Edited 9:55am Jul 3, 2023 9:32am | Edited 9:55am
Crazy ...
My first order drag me into it !!!
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I haven't come this far to only come this far !
  • #7,718
  • Jul 3, 2023 9:36am Jul 3, 2023 9:36am
Quoting niks
{quote} hi zidro, to keep it simple, i'll provide ratios, it varies due to margin of course... standard KoF ratio is 1 lot assuming a 100k account, i rarely use that and only for high frequency scalps when i do so for gold i would use 0.2, silver 0.5, forex major 0.5-0.7, exotics and bitcoin 0.1, as a rough guide the drawdown on the gold and silver trades look worse than they were which was barely noticeable!
Thanks for you answer for that account size will be no issues xD
  • #7,719
  • Jul 3, 2023 9:45am Jul 3, 2023 9:45am
zidro,
See screenprint.
cpfleger
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  • #7,720
  • Jul 3, 2023 9:49am Jul 3, 2023 9:49am
Quoting Amiraven
Crazy ... My first order drag me into it !!! {image}
bugger, that was a tough one, normally i'd say wait for ema200 but it doesn't work like that for gold, and i'd have a hard time waiting for it to come down, i always expect it to go up mid to long term - however, you did have very nice spacing between orders which made it advantageous to aim for at least a break even, oh well, onto the next one!
every minute matters!
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