M1 Countertrend Scalping Strategy

Quoting cpfleger

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xinitial, Correct HA Candles information. Now what most other sites do Not talk about is - the height of the candle BODY defines how the Market talks to YOU. The longer the Body the more volume within that candle and the smaller the Body the less volume in that candle which is telling you change is coming. So we open a trade on a 1 wicked candle and when the candle body starts to drop in volume we get ready to exit - the purpose of the 3 candle theory especially on lower TF's. cpfleger

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Quoting cpfleger

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Quoting cpfleger

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xinitial, Yes and true which enables ME to have a very strong performance... {image}

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Quoting cpfleger

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Quoting cpfleger

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xinitial, All Indicators only indicate at the painted candle. It does not matter which candle you use, Bar, Candlestick, HA or even Renko, they do only one thing - indicate present data. The candle measures and paints the TF data in an illustration to assist the Trader to make a decision or not. All trading Platforms (MT4 / 5 / TradingView / Ninja Trader) all do the same thing also. Collect Broker feed and speed of data and enable a trader to trade, no magic. The arrow tells us change is coming soon, the 1 wicked candle tells us Volume is here now,...

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Quoting cpfleger

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xinitial, Excellent entry point, good countertrend trade and watch like a Hawk, improve your daily performance. cpfleger

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Quoting cpfleger

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zinitial, Use the X's as exit points. cpfleger

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