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M1 Countertrend Scalping Strategy

  • #8,281
  • Jul 11, 2023 7:08pm Jul 11, 2023 7:08pm
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  • #8,282
  • Edited Jul 12, 2023 1:17am Jul 11, 2023 7:48pm | Edited Jul 12, 2023 1:17am
Quoting cpfleger
{image}
Hi,
This is my gift to the system.
Attached File(s)
File Type: mq4 88-filter.mq4   7 KB | 387 downloads
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #8,283
  • Jul 11, 2023 8:13pm Jul 11, 2023 8:13pm
Alright, it's 8pm. Trade time over. Set my TPs and closing laptop. Here's my action for the day on EURUSD and EURJPY:

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-07-11 200342_01abcd EURUSD TPs Set at 1.10085 because 8pm.png Size: 147 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-07-11 201003_02abc EURJPY TPs Set at 154.293 because 8pm.png Size: 140 KB


Goodnight all. Happy trading! May our TPs be blessed.
  • #8,284
  • Jul 12, 2023 2:33am Jul 12, 2023 2:33am
Donny3rd,
See screenprint.
cpfleger
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  • #8,285
  • Edited 3:55am Jul 12, 2023 3:34am | Edited 3:55am
Quoting niks
{quote} and thank you for sharing back everything you learn, i really appreciate it! 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... {image} and then again,...
That’s right ,I remember the same thing mentioned by kof about large candles at the end of a trend , also Al Brooks has introduced climax candlestick pattern which I think is related as well .By the way thank you very much for your support as well as the examples and the explanation Niks !
I haven't come this far to only come this far !
  • #8,286
  • Jul 12, 2023 3:45am Jul 12, 2023 3:45am
Trying new template.
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  • #8,287
  • Jul 12, 2023 3:52am Jul 12, 2023 3:52am
xinitial,
Nice dude, where did you find that nugget of a Template...... clean and clear.
cpfleger
  • #8,288
  • Jul 12, 2023 4:04am Jul 12, 2023 4:04am
Quoting cpfleger
xinitial, Nice dude, where did you find that nugget of a Template...... clean and clear. cpfleger
When I was still half awake from sleep this morning. I found it somewhere around here. .
Thank you, I like clear charts and simple charts.
xinitial.
  • #8,289
  • Jul 12, 2023 4:08am Jul 12, 2023 4:08am
xinitial,
Be aware she has long legs, and they are delicious...
cpfleger
  • #8,290
  • Jul 12, 2023 4:13am Jul 12, 2023 4:13am
Quoting cpfleger
xinitial, Be aware she has long legs, and they are delicious... cpfleger
Even though it looked delicious, I couldn't eat it, I could only glare at it.
xinitial.
  • #8,291
  • Jul 12, 2023 4:17am Jul 12, 2023 4:17am
Delicious leg.
xinitial.
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  • #8,292
  • Jul 12, 2023 4:35am Jul 12, 2023 4:35am
xinitial,
I believe you are having too much fun here in this Forum..... Be aware our Forum Motto is - Drain the Banks in 2023.
Excellent trade.
cpfleger
  • #8,293
  • Jul 12, 2023 4:36am Jul 12, 2023 4:36am
The leg power.
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  • #8,294
  • Jul 12, 2023 4:40am Jul 12, 2023 4:40am
Quoting cpfleger
xinitial, I believe you are having too much fun here in this Forum..... Be aware our Forum Motto is - Drain the Banks in 2023. Excellent trade. cpfleger
I still can't control my emotions well. Sometimes I still like to panic and feel insecure.
xinitial.
  • #8,295
  • Jul 12, 2023 4:48am Jul 12, 2023 4:48am
Still need more practice.
xinitial
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  • #8,296
  • Jul 12, 2023 4:53am Jul 12, 2023 4:53am
Quoting xinitial
Still need more practice. xinitial{image}
looks great to me!
without patience how can you be a trader?
  • #8,297
  • Jul 12, 2023 5:16am Jul 12, 2023 5:16am
xinitial,
Just slow down and watch those legs, they are good for the soul.
cpfleger
  • #8,298
  • Jul 12, 2023 5:19am Jul 12, 2023 5:19am
07:30 EST USD News next....
  • #8,299
  • Jul 12, 2023 5:20am Jul 12, 2023 5:20am
Quoting Steverino832
{quote} looks great to me!
We can do it.
  • #8,300
  • Jul 12, 2023 5:22am Jul 12, 2023 5:22am
Quoting cpfleger
xinitial, Just slow down and watch those legs, they are good for the soul. cpfleger
Sure, I love legs .
xinitial
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