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M1 Countertrend Scalping Strategy

  • #7,841
  • Jul 4, 2023 9:52pm Jul 4, 2023 9:52pm
Quoting Amiraven
{image}
great trade! in before me and out after me... held just a bit too long, the first touch and rejection of ema200 would of been a good place to exit, well done!
every minute matters!
  • #7,842
  • Jul 4, 2023 10:12pm Jul 4, 2023 10:12pm
Quoting josh1111
{quote} Nice work! You're regularly killing it with all of the negative cost averaging just like KOF. It feels like when I do that I always end up doing really well then I eventually blow an account, you really have a good hold of its implementation. I will be focusing on positive cost averaging. Cheers
thanks josh, its true when KoF says you must practice a lot and it will get easier because it is very hard to master - i think we all had that moment where we do really well then end up taking a hit or blowing an account, it's that moment when we realise we have a LOT more work to do!

some will not recover from the negative impacts this will cause and forever chase their tail, others will thrive on the opportunity to learn from the experience and get better, because after all, prior to taking the big hit, your doing really well right? so why not focus on that without concern for profits or blowing an account and see where that leads - stick to M1 and negative cost averaging for RECOVERY only, not additional profits - its your choice, but i cannot recommend cost average up for countertrend if trading KoF EMA basic strategy

having said that, i recall you mentioned having KoF's 1% course, i'd imagine that talks about cost average up for trend following, in that case then it would make sense, so it's really up to you, that's just my experience...
every minute matters!
  • #7,843
  • Jul 5, 2023 12:04am Jul 5, 2023 12:04am
Quoting niks
{quote} great trade! in before me and out after me... held just a bit too long, the first touch and rejection of ema200 would of been a good place to exit, well done!
Thank you Niks !
I haven't come this far to only come this far !
  • #7,844
  • Jul 5, 2023 12:10am Jul 5, 2023 12:10am
Quoting niks
{quote} thanks josh, its true when KoF says you must practice a lot and it will get easier because it is very hard to master - i think we all had that moment where we do really well then end up taking a hit or blowing an account, it's that moment when we realise we have a LOT more work to do! some will not recover from the negative impacts this will cause and forever chase their tail, others will thrive on the opportunity to learn from the experience and get better, because after all, prior to taking the big hit, your doing really well right? so...
I agree, we all go through these tendencies at some point and that is where the system tests you, that is where you should focus to ask yourself this question "how do I do it in this situation"?

As I said before, it operates with reduced risk and when the trend is very strong, it goes up to higher timeframes to manage new turns.
  • #7,845
  • Jul 5, 2023 12:11am Jul 5, 2023 12:11am
Fast
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  • #7,846
  • Jul 5, 2023 12:15am Jul 5, 2023 12:15am
EURUSD now
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  • #7,847
  • Jul 5, 2023 12:25am Jul 5, 2023 12:25am
I would have added more positions but the volume was not adequate
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  • #7,848
  • Jul 5, 2023 12:46am Jul 5, 2023 12:46am
Quoting Amiraven
{quote} Thank you Niks !
always a pleasure amiraven!

here are some more quick M1 GBP scalps!
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every minute matters!
  • #7,849
  • Jul 5, 2023 1:41am Jul 5, 2023 1:41am
Done for Asian Session
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Jakepuia
  • #7,850
  • Jul 5, 2023 3:11am Jul 5, 2023 3:11am
Quoting Karmaw
{quote} I agree, we all go through these tendencies at some point and that is where the system tests you, that is where you should focus to ask yourself this question "how do I do it in this situation"? As I said before, it operates with reduced risk and when the trend is very strong, it goes up to higher timeframes to manage new turns.
all you say is correct, you are doing very well, keep up the great work, best of luck to you!
every minute matters!
  • #7,851
  • Jul 5, 2023 3:13am Jul 5, 2023 3:13am
M1 GBP scalps - taking all the pound has to offer!
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every minute matters!
  • #7,852
  • Jul 5, 2023 3:43am Jul 5, 2023 3:43am
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  • #7,853
  • Jul 5, 2023 3:57am Jul 5, 2023 3:57am
Target 1 - 500 usd.
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  • #7,854
  • Jul 5, 2023 4:17am Jul 5, 2023 4:17am
M1 Countertrend Scalps = quick profits!
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every minute matters!
  • #7,855
  • Jul 5, 2023 4:18am Jul 5, 2023 4:18am
Even small accounts grow up and become bigger accounts...
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  • #7,856
  • Jul 5, 2023 4:21am Jul 5, 2023 4:21am
Getting closer....
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  • #7,857
  • Jul 5, 2023 4:32am Jul 5, 2023 4:32am
Next target 750 usd.
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  • #7,858
  • Jul 5, 2023 4:43am Jul 5, 2023 4:43am

  1. cpfleger .. i want to ask this question .. What is better .The performance to attain 85% plus profit position or ability to make money with less than 50% profitable position... i am able to be make money money .. but cannot achieve this 85% plus win-rate on all position .. please answer this ... Thanks for you time

  • #7,859
  • Jul 5, 2023 4:58am Jul 5, 2023 4:58am
fateh888,
Forget profit, focus on the process.
Name me a sport, an activity or business that thinks profit at the beginning of the work shift, beginning of the game or running a marathon before he / she can walk... I do not know any.
The Trading Blueprint 85% Performance Examination is to validate your learning curve not your profitability. If you opened a Business today, you need material (inventory), you need clients (sales & marketing) and you need a location - know where did I say Profits.
When you went to school, did you not take an Exam (Test), yes sir and do you pass or fail ?
Exact same thing, PROCESS MASTERY.
cpfleger
  • #7,860
  • Jul 5, 2023 5:01am Jul 5, 2023 5:01am
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