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M1 Countertrend Scalping Strategy

  • #8,321
  • Jul 13, 2023 7:49am Jul 13, 2023 7:49am
M1 EUR countertrending a strong trend scalps - having faith in ema200!
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every minute matters!
  • #8,322
  • Jul 13, 2023 8:39am Jul 13, 2023 8:39am
M1 EUR scalps - easier to follow the trend!
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every minute matters!
  • #8,323
  • Jul 13, 2023 10:10am Jul 13, 2023 10:10am
M1 EUR scalps - managing risk...
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every minute matters!
  • #8,324
  • Jul 13, 2023 10:18am Jul 13, 2023 10:18am
Quoting niks
M1 EUR scalps - managing risk... {image}
... looks for me you fire trades at random places.
Perfection is the enemy of good enough!
  • #8,325
  • Jul 13, 2023 10:20am Jul 13, 2023 10:20am
Quoting MichaelSch
{quote} ... looks for me you fire trades at random places.
LOL
without patience how can you be a trader?
  • #8,326
  • Jul 13, 2023 10:21am Jul 13, 2023 10:21am
Quoting MichaelSch
{quote} ... looks for me you fire trades at random places.
looks can be deceiving, besides, the market is random, ema's are the guide...
every minute matters!
  • #8,327
  • Jul 13, 2023 10:26am Jul 13, 2023 10:26am
Quoting niks
{quote} looks can be deceiving, besides, the market is random, ema's are the guide...
Your trades are everywhere. Sometime far above ema, sometime between some ema and sometimes no trades at ema. So you can after opening trades look for a collection of ema that suit well in picture.
Perfection is the enemy of good enough!
  • #8,328
  • Jul 13, 2023 10:40am Jul 13, 2023 10:40am
Quoting MichaelSch
{quote} Your trades are everywhere. Sometime far above ema, sometime between some ema and sometimes no trades at ema. So you can after opening trades look for a collection of ema that suit well in picture.
did you have a question? do you understand price action? please take a look at a series of posts where i have provided very DETAILED explanations of my trading style - if you still think its random i'll be more than happy to clear it up for you...

https://www.forexfactory.com/thread/...-sense?page=16
every minute matters!
  • #8,329
  • Jul 13, 2023 10:45am Jul 13, 2023 10:45am
Quoting niks
{quote} did you have a question? do you understand price action? please take a look at a series of posts where i have provided very DETAILED explanations of my trading style - if you still think its random i'll be more than happy to clear it up for you... https://www.forexfactory.com/thread/...-sense?page=16
I understand this here:
Some words i share in my thread.

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Perfection is the enemy of good enough!
  • #8,330
  • Jul 13, 2023 12:42pm Jul 13, 2023 12:42pm
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kind of the same thing Michael talking about
without patience how can you be a trader?
  • #8,331
  • Jul 13, 2023 2:48pm Jul 13, 2023 2:48pm
Quoting d00lar
{quote} 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?

1) we are counter trending here. It a style of trading. It not THE end all be all style. Just one of many valid ways to see the market. Go trend if you want that. Nothing wrong with it. But it's not the subject or scope of this thread.

2) It's easy to say they looked like something after the fact. A counter trend sell obviously would look like a it should have been a late trend buy to someone who trades with the trend. Again this is mean reversion counter trending.

2) price DID go down that much LOL. For over 3 week at that. Kind of obvious how I would and did handle it.

3) I currently have over a 96% win rate from 126 trades using this method. WAY higher than any other method I've tried since 2016.

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  • #8,332
  • Jul 13, 2023 4:39pm Jul 13, 2023 4:39pm
Quoting Donny3rd
{quote} 1) we are counter trending here. It a style of trading. It not THE end all be all style. Just one of many valid ways to see the market. Go trend if you want that. Nothing wrong with it. But it's not the subject or scope of this thread. 2) It's easy to say they looked like something after the fact. A counter trend sell obviously would look like a it should have been a late trend buy to someone who trades with the trend. Again this is mean reversion counter trending. 2) price DID go down that much LOL. For over 3 week at that. Kind of obvious...
wow, 96% that's awesome!
without patience how can you be a trader?
  • #8,333
  • Jul 13, 2023 6:51pm Jul 13, 2023 6:51pm
Quoting Donny3rd
{quote} 1) we are counter trending here. It a style of trading. It not THE end all be all style. Just one of many valid ways to see the market. Go trend if you want that. Nothing wrong with it. But it's not the subject or scope of this thread. 2) It's easy to say they looked like something after the fact. A counter trend sell obviously would look like a it should have been a late trend buy to someone who trades with the trend. Again this is mean reversion counter trending. 2) price DID go down that much LOL. For over 3 week at that. Kind of obvious...
You are the next rock star !
  • #8,334
  • Jul 13, 2023 11:51pm Jul 13, 2023 11:51pm
M1 AUD countertrend scalps - more "random" entries!
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every minute matters!
  • #8,335
  • Jul 14, 2023 8:51am Jul 14, 2023 8:51am
M1 AUD scalps - stirring the tumbleweeds!
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every minute matters!
  • #8,336
  • Jul 14, 2023 10:35am Jul 14, 2023 10:35am
Quoting niks
M1 AUD scalps - stirring the tumbleweeds! {image}
Hi Nicks, but your system is so in common with that of cpfleger and this discussion I do not understand.
  • #8,337
  • Jul 14, 2023 11:15am Jul 14, 2023 11:15am
Week ended well. Got real hairy on USDJPY, but managed it into a ~5% gain.

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  • #8,338
  • Jul 14, 2023 1:15pm Jul 14, 2023 1:15pm
Quoting cpfleger
2nd Gift in July 2023. All other Indicators are within the Paperclip, look at the screenprint called Indicators List, open Paperclip and download as required. Enjoy. cpfleger {image} {file} {file}
Hi cpfleger, how did you set the Heikin ashi, Smoothing Ma method and Smoothing Ma period, thanks
  • #8,339
  • Jul 14, 2023 2:57pm Jul 14, 2023 2:57pm
Quoting Norscalp
Week ended well. Got real hairy on USDJPY, but managed it into a ~5% gain. {image}
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  • #8,340
  • Jul 14, 2023 3:28pm Jul 14, 2023 3:28pm
Spank1969,
Since you did not provide a screenprint I must assume by saying everything is set a default settings / inputs.
cpfleger
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