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M1 Countertrend Scalping Strategy

  • #7,981
  • Jul 6, 2023 7:58am Jul 6, 2023 7:58am
Huzy,
Whats bad ? The News is the reason for the downward motion.
cpfleger
  • #7,982
  • Jul 6, 2023 8:05am Jul 6, 2023 8:05am
Quoting cpfleger
BfromG, Usually, most Trader fear the spread size and Indexes have less trading time available and require larger account balances BUT they can be traded... cpfleger {image}
Hi, why not trade futures, there is no spread there.
  • #7,983
  • Jul 6, 2023 8:42am Jul 6, 2023 8:42am
Attached Image (click to enlarge)
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without patience how can you be a trader?
  • #7,984
  • Jul 6, 2023 9:16am Jul 6, 2023 9:16am
Spank1969,
Most Traders have not received any formal education about financial trading which gives them a bad taste in their mouth.
All Markets are great if the Human understands the Market, Stocks, Binary Options, Futures, Forex, etc. they all have good and bad. But until the Human gets educated, he has not ideal reason why is his / her is trading except some salesman on YouTube saying - trade and buy a Lambo.
I was taught Forex over 15 years ago in London and have enjoyed it ever sense. Range Bars, Renko, HA Candles are all types of trading tools and each Human has a different view of them and Indicators and there is no perfect system or trader. Once a Trader gets past his doubts, fears and/or greediness, he / she will blossom into a professional trader using whatever system / indicators he / she is happy with. Performance is King.
cpfleger
  • #7,985
  • Jul 6, 2023 9:27am Jul 6, 2023 9:27am
Quoting cpfleger
Huzy, Whats bad ? The News is the reason for the downward motion. cpfleger
no i'm talking about the chart, it doesn't seem nice or correct on my mt4
  • #7,986
  • Jul 6, 2023 9:35am Jul 6, 2023 9:35am
Huzy,
Zoomed In view is the only I can see wrong. Use the Magnifying Glass and zoom outwards.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 155 KB
  • #7,987
  • Jul 6, 2023 9:49am Jul 6, 2023 9:49am
Careful people it is the Bank's harvesting time!
Watch for the fake or double reversal everything is loaded up across the board.
  • #7,988
  • Jul 6, 2023 9:52am Jul 6, 2023 9:52am
Yes sir, I harvested some more money, I started my own US Federal Reserve Printing Press.
Attached Image (click to enlarge)
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  • #7,989
  • Jul 6, 2023 11:23am Jul 6, 2023 11:23am
Quoting Steverino832
good morning every one or after noon whatever the case bite be
I realy love your cpfleger's gift lol
  • #7,990
  • Jul 6, 2023 11:56am Jul 6, 2023 11:56am
Elsaloon,
Your welcomed, enjoy and make yourself proud.
cpfleger
  • #7,991
  • Jul 6, 2023 12:00pm Jul 6, 2023 12:00pm
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  • #7,992
  • Jul 6, 2023 12:05pm Jul 6, 2023 12:05pm
1750 usd is the next target.
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  • #7,993
  • Jul 6, 2023 12:18pm Jul 6, 2023 12:18pm
Quoting Jakepuia
Today is a bad day for me.. have lost 25% of my account
I am sorry to hear that, what happened?!
can you provide screenprint ?
I haven't come this far to only come this far !
  • #7,994
  • Jul 6, 2023 12:56pm Jul 6, 2023 12:56pm
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 191 KB
  • #7,995
  • Jul 6, 2023 1:36pm Jul 6, 2023 1:36pm
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Click to Enlarge Name: KoF.jpg Size: 190 KB
  • #7,996
  • Jul 6, 2023 2:03pm Jul 6, 2023 2:03pm
Thank you to cpfleger for sharing all of the tools and motivation. Here is an indi to play with. It is a non repainting arrow indi.
Attached File(s)
File Type: ex4 NO REPAINT ARROWS.ex4   27 KB | 469 downloads
  • #7,997
  • Jul 6, 2023 2:06pm Jul 6, 2023 2:06pm
Quoting charlienoble
Thank you to cpfleger for sharing all of the tools and motivation. Here is an indi to play with. It is a non repainting arrow indi. {file}
thank you going to try it!
without patience how can you be a trader?
  • #7,998
  • Jul 6, 2023 2:11pm Jul 6, 2023 2:11pm
Quoting cpfleger
Elsaloon, Your welcomed, enjoy and make yourself proud. cpfleger
cpfleger, you said it was mine now I have to share well alright
without patience how can you be a trader?
  • #7,999
  • Jul 6, 2023 2:15pm Jul 6, 2023 2:15pm
charlienoble,
Thank you but Non Repainting Indicators are LATE and if you trade lower TF's you missed the real value of trend / countertrend trading.
Also, this Arrow Indicator as stated inside the settings is only applicable to 15M and higher, not applicable to 1M or 5M.
cpfleger
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  • #8,000
  • Jul 6, 2023 2:32pm Jul 6, 2023 2:32pm
Trading done for the day - 2000 plus usd.
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