I haven't come this far to only come this far !
M1 Countertrend Scalping Strategy
- #8,270
- Jul 11, 2023 2:54pm Jul 11, 2023 2:54pm
"No emotions allowed." - CPfleger 2023
Here's a setup of 3 trades I took Yesterday. Adhered to my timeframe of trading 4pm-8pm Arizona time. Set TPs and closed laptop at 8pm. TP's hit while I was snoozing for a total of 25.3 pips.
Still in the AUDUSD trade from June 19th. 8 more day and it's a month old LOL.
Here's a setup of 3 trades I took Yesterday. Adhered to my timeframe of trading 4pm-8pm Arizona time. Set TPs and closed laptop at 8pm. TP's hit while I was snoozing for a total of 25.3 pips.
Still in the AUDUSD trade from June 19th. 8 more day and it's a month old LOL.
- #8,273
- Jul 11, 2023 3:05pm Jul 11, 2023 3:05pm
- Joined Mar 2023 | Status: Trader | 1,007 Posts
"No emotions allowed." - CPfleger 2023 Here's a setup of 3 trades I took Yesterday. Adhered to my timeframe of trading 4pm-8pm Arizona time. Set TPs and closed laptop at 8pm. TP's hit while I was snoozing for a total of 25.3 pips. {image} Still in the AUDUSD trade from June 19th. 8 more day and it's a month old LOL. {image}
without patience how can you be a trader?
- #8,274
- Edited 6:09pm Jul 11, 2023 3:08pm | Edited 6:09pm
- Joined Mar 2023 | Status: Trader | 1,007 Posts
without patience how can you be a trader?
- #8,275
- Edited 6:13pm Jul 11, 2023 3:13pm | Edited 6:13pm
{quote} Well done bro!
Also remember folks, probably not wise to cost average unless you have a $1k USD or equivalent in your currency account. Big moves will tear up your margin with a small account. I'm planning on starting with a $2k account once I go live. I'm demoing with a $1k account for ease of scalability in analytics.
- #8,278
- Jul 11, 2023 6:02pm Jul 11, 2023 6:02pm
- Joined Dec 2022 | Status: Trader | 3,246 Posts
{quote} Thank you Niks for sharing your valuable insights with me ! I really appreciate it . yes the second order could have been placed later in a better position , I realized that waiting for ema 200 depends on my emotional state ! how ever I doubled my lot size and made a small profit at the end .
also take note that a relatively large bar during a trend signals weakness to follow, as it did in this case, so your last entry was perfect and positioned you well to recover that trade - waiting for ema200 is not easy, it takes practice and a good read of the price action but you WILL get better at waiting for it, here's a couple of examples to think about...
first, for this gold trade for example, waiting for ema200 was a good choice...
and then again, for your recent KoF style trade, very nice by the way! waiting for ema200 was also a good choice...
looking forward to seeing a lot more excellent trades from you amiraven!
every minute matters!
