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M1 Countertrend Scalping Strategy

  • #8,301
  • Jul 12, 2023 5:44am Jul 12, 2023 5:44am
M1 GBP countertrend scalps with LARGE amount of positive slippage!
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every minute matters!
  • #8,302
  • Jul 12, 2023 5:55am Jul 12, 2023 5:55am
Try to catch legs from news.
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  • #8,303
  • Jul 12, 2023 5:56am Jul 12, 2023 5:56am
They caught me on foot changed the news, it's time to recover...
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  • #8,304
  • Jul 12, 2023 6:02am Jul 12, 2023 6:02am
Close ALL.
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  • #8,305
  • Jul 12, 2023 6:06am Jul 12, 2023 6:06am
Quoting xinitial
Close ALL. {image}
WOW, great trade!
without patience how can you be a trader?
  • #8,306
  • Jul 12, 2023 6:17am Jul 12, 2023 6:17am
Friday and today are terrible days...it's time to recover...
  • #8,307
  • Jul 12, 2023 6:28am Jul 12, 2023 6:28am
Quoting javipenjamo
Friday and today are terrible days...it's time to recover...
Guy don't feel bad in the same boat, we will get them next week!
enjoy the rest of the week everyone, see you all Monday!
without patience how can you be a trader?
  • #8,308
  • Jul 12, 2023 7:19am Jul 12, 2023 7:19am
M1 EUR scalps - nice trend!
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every minute matters!
  • #8,309
  • Jul 12, 2023 1:21pm Jul 12, 2023 1:21pm
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  • #8,310
  • Jul 12, 2023 2:18pm Jul 12, 2023 2:18pm
Quoting cpfleger
{image}
Hope you right!

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Edit: not as bad as it looks. Have 18 wins during that, while scaling out
  • #8,311
  • Jul 12, 2023 5:00pm Jul 12, 2023 5:00pm
Quoting cpfleger
Donny3rd, See screenprint. cpfleger {image}
I didn't make buy entries at those points. I made them much earier.
Here's how it looked at every new buy entry on EURJPY yesterday:

1st entry:
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2nd entry:
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3rd entry:
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Much earlier than where your arrows were as that was much later into the trades. Perhaps I'll start dropping vertical dotted lines at every new entry going forward
  • #8,312
  • Jul 12, 2023 5:38pm Jul 12, 2023 5:38pm
Update on all ongoing trades:

EURJPY almost hit my TP. Considering lowering it. Think I was a bit greedy:
Attached Image (click to enlarge)
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In fact I did just that now. Lowered TPs by 14 pips to just 4 above initial entry. Might hit before I finish making this post LOL:
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EURUSD kinda ran away like crazy. YEESH!:
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Click to Enlarge Name: 2023-07-12 172443_01abcd EURUSD current as of 7-12-2023 5-25pm.png Size: 66 KB


The swing scalp (HAHA) AUDUSD from June 19 is looking MUCH better right now:
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-07-12 172713_04 AUDUSD current as of 7-12-2023 5-27pm.png Size: 85 KB



So no new trades today. Just going to monitor these ongoing ones.
  • #8,313
  • Jul 12, 2023 5:48pm Jul 12, 2023 5:48pm
I lied. Made one more sell entry on EURUSD since it looks like it's about to head back down soon. If anything it greatly raises the break even point. But who am I kidding, I'll ride this out till the TP:
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OH yeah, EURJPY hit TPs for 46.3 pips total:
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Hehe, got a little meta in that last pic
  • #8,314
  • Jul 12, 2023 8:36pm Jul 12, 2023 8:36pm
FINALLY!

The 3 week long AUDUSD trades hit their TPs for a total of 462.9 pips:
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Well, that was fun.

I'm off for the night. EURUSD trades are still active. No real movement yet. Night everybody.
  • #8,315
  • Jul 12, 2023 10:13pm Jul 12, 2023 10:13pm
Quoting Donny3rd
FINALLY! The 3 week long AUDUSD trades hit their TPs for a total of 462.9 pips: {image} Well, that was fun. I'm off for the night. EURUSD trades are still active. No real movement yet. Night everybody.
handled with skill and poise... congratulations donny, initiation is over! the eur should be a walk in the park for you now...
every minute matters!
  • #8,316
  • Jul 12, 2023 11:23pm Jul 12, 2023 11:23pm
Quoting niks
M1 GBP countertrend scalps with LARGE amount of positive slippage! {image}
4me it looks like it should be all sell and not buy ;P


what would You do if there would be no bull spike like here that saved this? what if it would go 100/1000 pips down more? would You still hold it?
  • #8,317
  • Edited 11:35pm Jul 12, 2023 11:24pm | Edited 11:35pm
Quoting Donny3rd
FINALLY! The 3 week long AUDUSD trades hit their TPs for a total of 462.9 pips: {image} Well, that was fun. I'm off for the night. EURUSD trades are still active. No real movement yet. Night everybody.
same question

4me it looks like it should be all sell and not buy ;P


what would You do if it would go 100/1000 pips down more? would You still hold it?
  • #8,318
  • Jul 13, 2023 12:14am Jul 13, 2023 12:14am
Quoting d00lar
{quote} 4me it looks like it should be all sell and not buy ;P what would You do if there would be no bull spike like here that saved this? what if it would go 100/1000 pips down more? would You still hold it?
an inexperienced trader may do something unproductive like this!

https://www.forexfactory.com/thread/...0#post14273350

a more experienced trader will know better and do something like this!

https://www.forexfactory.com/thread/...7#post14269387
https://www.forexfactory.com/thread/...7#post14269577
https://www.forexfactory.com/thread/...3#post14269743
https://www.forexfactory.com/thread/...5#post14269815
https://www.forexfactory.com/thread/...2#post14269852

only you can answer that question...
every minute matters!
  • #8,319
  • Jul 13, 2023 2:18am Jul 13, 2023 2:18am
M1 EUR countertrend scalps - very late entries but still profits!
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every minute matters!
  • #8,320
  • Jul 13, 2023 3:30am Jul 13, 2023 3:30am
M1 EUR countertrend scalps - better entries, better profits!
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every minute matters!
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