M1 Countertrend Scalping Strategy

Looks like those bankers are feeling another thorn in their side today.
Sweet job kicking their booties this week.
I am ready to help you slaughter them next week.
Anyone else ready???

josh1111,
Lets do this thing - Drain the Banks by Smoothed Criminals.
cpfleger

Yes I am my friend

Elsaloon,
Your always welcomed my young man.
cpfleger

For all you small account holders, even they can grow - this is a Forum members accounts I populated with profits for him today.....
Sprinkle performance everyday.
cpfleger

Abade,
Please do not look, your Forum is making money while other Forums are talking.
cpfleger

Pre setup.

The Brits are going home now, the Market Volume will drop big time....
cpfleger

Squeezed 2300 usd today before the UK Session closed.
Leave the rest until Sunday night.
Good day.
cpfleger

I have been watching it for so long hoping to catch that train right up to the top I believe it is shining into a uptrend because the US economy made corrective measures 120 -200+ pips

niks,
I just wanted to express my admiration for your trading style. I've been using a similar method for a few months and have been pleased with the results. I have a question for you: When you find yourself in a situation where you have taken several trades and the market keeps moving against you, do you opt to hedge your position or do you prefer to patiently wait for the market to eventually move in your favor?

Wow niks, talk about catching a falling knife!!!


Hi everyone! Has it really been 2 weeks since I posted last? Took a break waiting for the July 19th AUDUSD trades to swing back around. I'm STILL in it with 8 open positions now LOL. Here's where that is currently. Used H1 to fit it on screen. Lime green vertical line is entry point. Pink dotted horizontal line is break even. Tp's set for all entries 2 pips above first entry:


Then I had a huge schedule change over the weekend. Going from 2pm-10pm nights to 7am-3pm mornings. I knew this was coming in advance. It's the reason why I'm learning the 4pm-8pm slot (AZ time) pertaining to the tokyo/aussie open for trading as it would transition well to trading at home with no distractions once my schedule changed. The change period actually let me have the first weekend off with my wife in 6 months! We took the time to go on a nice leg burner mountain hike in Sedona on July 2nd (Sterling Pass trail to Vultee Arch and back). Then on the 4th we took a friend visiting from out of state to a historic old mining town (Jerome, AZ) at the top of a mountain to hang for a day. Was a great holiday weekend.

On the 5th I got back to taking trades. It went overnight but hit my TPs for 48.5 pips. Here's the entry screenshot and the final tradelines screenshot using the Naked system:



Played around with colors and added timezone and swap indi's.


I'm finding my last chink to get over is letting greed override intuition. After the initial entry, and within 3 candles, price was up 4 pips and my intuition was screaming to get out and start scanning other pairs for setups. But my greed thought, "maybe hold until 5 pips and we're out?" Well, as it usually is, intuition was right at the moment. Greed played out too but much more delayed. These cost averaging runners can be great for more profit but eat way too much time from what what is intended for the trade length. But at least my intuition is there and is correctly reading the markets. I just need to listen to it! More practice. More mastering. Getting there.

Special thanks to cpfleger. You know why.

Till I make more trades (maybe later toaday) green pips to all!

Godspromise,
You are right, a nice 100 Pip drop and since its Friday, a slow upward buy...
cpfleger

it is great to have you back bro!

Dedication and patience - 2500 plus usd, my best day yet... I love Draining The Banks.

wondering when to buy? In this situation still kinda new to this enjoying even though lost on a bad trade I knew I should sell

Godspromise,
Why wait....
cpfleger

Patience.....

steverin832,
You still have not fixed that SL TP Indicator, sorry I am a perfectionist.
cpfleger