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M1 Countertrend Scalping Strategy

  • #8,161
  • Jul 9, 2023 7:33pm Jul 9, 2023 7:33pm
javipenjamo,
Excellent, please do not forget to save each Pair as a separate Template because no matter what other people say, each Instrument is different just like each Human is different. Save use to each Pair.
Performance is King.
cpfleger
  • #8,162
  • Jul 9, 2023 7:35pm Jul 9, 2023 7:35pm
Quoting cpfleger
Godspromise, Okay, your using candlesticks, pivot or horizontal zones / points and an Oscillator on the bottom... I understand your system, whats your question ? cpfleger
Remember we were discussing a trade with usdcad but you said because of low volume and it being a Friday not much buying strength so I was just saying if we going to continue with buying since a retracement is at play
  • #8,163
  • Jul 9, 2023 7:39pm Jul 9, 2023 7:39pm
Godspromise,
Okay, I forgotten about our chat, my bad, it's an age thing, one day you will understand, I live and trade daily only, arhhhhhhhhhhhhhhhhh.
cpfleger
  • #8,164
  • Jul 9, 2023 7:45pm Jul 9, 2023 7:45pm
Godspromise,
I tend to stop trading on my live accounts Monday to Friday before the Brits go home (11 EST) because the Volume drops too big for my slow mouse finger....
cpfleger
  • #8,165
  • Jul 9, 2023 8:01pm Jul 9, 2023 8:01pm
Quoting cpfleger
Godspromise, I tend to stop trading on my live accounts Monday to Friday before the Brits go home (11 EST) because the Volume drops too big for my slow mouse finger.... cpfleger
I see bro that peice knowledge added to my repertoire
  • #8,166
  • Jul 9, 2023 8:17pm Jul 9, 2023 8:17pm
The Brits own over 90% of the forex market as they invented it also years ago for the very rich people within the UK and when they go home the Volume drops tenfold and the US Session is only the USD even though you can trade any Pair but you lost too much volume to make it worth your while as a retail trader.
  • #8,167
  • Jul 9, 2023 8:29pm Jul 9, 2023 8:29pm
Quoting cpfleger
The Brits own over 90% of the forex market as they invented it also years ago for the very rich people within the UK and when they go home the Volume drops tenfold and the US Session is only the USD even though you can trade any Pair but you lost too much volume to make it worth your while as a retail trader.
I see thank you for that information
  • #8,168
  • Jul 9, 2023 8:30pm Jul 9, 2023 8:30pm
Goodnight....
cpfleger
  • #8,169
  • Edited 1:16am Jul 10, 2023 12:17am | Edited 1:16am
Did what not to do on Friday. Tried to fade the NFP, but that late second push caught me bad.

Hope it works out

Lesson learned.

Edit: worked out fine. With the momentum coming with London open, it'll probably push further down, but did close for almost a full R. No need to get greedy when in that situation..

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  • #8,170
  • Jul 10, 2023 1:23am Jul 10, 2023 1:23am
Good start.
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  • #8,171
  • Jul 10, 2023 2:08am Jul 10, 2023 2:08am
M1 GBP scalps - active drawdown management you can SEE!
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every minute matters!
  • #8,172
  • Jul 10, 2023 3:10am Jul 10, 2023 3:10am
M1 GBP countertrend scalps - nice and quick!
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every minute matters!
  • #8,173
  • Jul 10, 2023 3:11am Jul 10, 2023 3:11am
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I haven't come this far to only come this far !
  • #8,174
  • Jul 10, 2023 3:16am Jul 10, 2023 3:16am
Just took this trade
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Jakepuia
  • #8,175
  • Jul 10, 2023 3:35am Jul 10, 2023 3:35am
M1 GBP fast scalp!
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every minute matters!
  • #8,176
  • Jul 10, 2023 4:21am Jul 10, 2023 4:21am
Jakepuia,
Excellent trade my man.
cpfleger
  • #8,177
  • Jul 10, 2023 4:25am Jul 10, 2023 4:25am
xinitial,
You are definitely having too much fun here, you need to lose a few trades or the Banks will call in the Boys after you, arhhhhhhhhhhhhhh.
cpfleger
  • #8,178
  • Jul 10, 2023 4:26am Jul 10, 2023 4:26am
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  • #8,179
  • Jul 10, 2023 4:35am Jul 10, 2023 4:35am
Quoting Amiraven
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the last order was perfectly timed for a quick bonus, nicely traded amiraven!
every minute matters!
  • #8,180
  • Jul 10, 2023 4:47am Jul 10, 2023 4:47am
M1 GBP countertrend scalps - active trade management!
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every minute matters!
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