Dislikedsteverin832, You still have not fixed that SL TP Indicator, sorry I am a perfectionist. cpflegerIgnored
1
M1 Countertrend Scalping Strategy
- #8,081
- Jul 7, 2023 1:51pm Jul 7, 2023 1:51pm
- Joined Jul 2023 | Status: Aspiring trader | 1,132 Posts
- #8,082
- Jul 7, 2023 2:06pm Jul 7, 2023 2:06pm
- Joined Mar 2023 | Status: Trader | 1,007 Posts
without patience how can you be a trader?
- #8,085
- Edited Jul 8, 2023 5:17am Jul 7, 2023 2:42pm | Edited Jul 8, 2023 5:17am
- Joined Mar 2023 | Status: Trader | 1,007 Posts
Target is now 3000 usd.... {image}
well done!
without patience how can you be a trader?
- #8,086
- Jul 7, 2023 2:48pm Jul 7, 2023 2:48pm
- Joined Mar 2023 | Status: Trader | 1,007 Posts
without patience how can you be a trader?
- #8,088
- Jul 7, 2023 2:57pm Jul 7, 2023 2:57pm
- Joined Mar 2023 | Status: Trader | 1,007 Posts
without patience how can you be a trader?
- #8,089
- Jul 7, 2023 3:00pm Jul 7, 2023 3:00pm
- Joined Jul 2023 | Status: Aspiring trader | 1,132 Posts
Godspromise, See screenprint. cpfleger {image}
. didnt notice the words sorry
- #8,091
- Jul 7, 2023 6:03pm Jul 7, 2023 6:03pm
- Joined Mar 2023 | Status: Trader | 1,007 Posts
{quote} I assume you meant me. If so, thanks and good to be back. Forgot it was Friday due to new schedule weirdness, so obviously not posting trades today lol. {quote} Absolutely crushing it man!!! Incredibly inspiring yet again.
without patience how can you be a trader?
- #8,092
- Jul 7, 2023 9:27pm Jul 7, 2023 9:27pm
- Joined Dec 2022 | Status: Trader | 3,228 Posts
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?
in general, i will let it run up to a certain point and then start scalping both directions, not necessarily hedging it, but my primary goal is to ALWAYS protect my margin and maintain a breakeven level that can be reached short to mid term...
in reality, each trade is unique and must be handled accordingly and there are MANY factors that are considered when managing a drawdown, a major consideration for me in letting a trade run is whether the swap is negative or positive, but regardless of the situation, the most important aspect is to ACTIVELY manage the drawdown and don't just watch it whither away at your account!!! at this point you need to be a good money manager and have a solid understanding of the market you are stuck in...
one example i can think of that was a potential trap for me was from last night when i saw a gap that didn't get filled, had i been stuck short for whatever reason in this tough uptrend on the EUR yesterday, then i would of started scalping long after the line i've drawn, my shorts would be attracting POSITIVE swap, and i would aggressively manage the longs until it started turning around whenever that might be...
every minute matters!
- #8,096
- Jul 8, 2023 3:20am Jul 8, 2023 3:20am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
a sprinkling of satoshi on my french fries!
every minute matters!
- #8,099
- Jul 8, 2023 7:14am Jul 8, 2023 7:14am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
every minute matters!
- #8,100
- Jul 8, 2023 7:27am Jul 8, 2023 7:27am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 BTC countertrend scalps - direct to target!
every minute matters!