Disliked{quote} Impressive indeed. What money management rule did you trade?Ignored
M1 Countertrend Scalping Strategy
- #8,425
- Edited 9:30pm Jul 18, 2023 9:18pm | Edited 9:30pm
- Joined Dec 2022 | Status: Trader | 3,246 Posts
{quote} Congrats Niks ! I could have done better ... {image}
i'm sure i'll be saying the same to myself once i decide to exit my xau and xag trades!
updated xau snapshot to show entry points, they were missing on original
every minute matters!
- #8,426
- Jul 18, 2023 10:21pm Jul 18, 2023 10:21pm
- Joined Dec 2022 | Status: Trader | 3,246 Posts
M1 EUR countertrend scalp - clean incision!
every minute matters!
M1 EUR countertrend scalp - clean incision! {image}
I also find your hedging style very interesting and unique:
You keep making new scalps, even if you have a few losing trades open. I'd be nervous in that position but your psychology seems to be rock solid.
Just want to say thank you guys. Been away from trading for a long time. Did follow your charts and did start on demo again. 1 day of demo trading {image}
A few pictures of the trades would enrich this beautiful thread even further, feel free to do so!
I notice you have a high risk profile
- #8,428
- Jul 18, 2023 11:30pm Jul 18, 2023 11:30pm
- Joined Dec 2022 | Status: Trader | 3,246 Posts
M1 EUR countertrend scalps - back to basics, using ema9 overextension for entry and emas 9 and 20 for targets!
every minute matters!
- #8,429
- Jul 18, 2023 11:51pm Jul 18, 2023 11:51pm
- Joined Dec 2022 | Status: Trader | 3,246 Posts
{quote} My friend, I can tell your style is evolving and improving every day, kudos for your hard work! I also find your hedging style very interesting and unique: {image} You keep making new scalps, even if you have a few losing trades open. I'd be nervous in that position but your psychology seems to be rock solid. {quote} Impresive performance @smeden. A few pictures of the trades would enrich this beautiful thread even further, feel free to do so! I notice you have a high risk profile
the trade above targeting ema20 is a perfect example, you might recall a post i made while training on the sim about millimeters and milliseconds when hitting targets, well the trade above originally had a higher target for ema20, but i kept following ema20 as it lowered in price, had i not done this, i'd be in DEEP drawdown now, i learnt the importance of doing that within the SIM!!!
with the hedging, i think you'll find and the feeling i get is that's the way KoF does it - he has shared very little of this style and i do not have his courses so don't know if he ever declares it, but in one video he buys and sells and says "don't ask me why"!
it is still evolving for me and i still get trapped on one end every so often, the trick is to get in and out flat while making the money in the middle
every minute matters!
- #8,432
- Jul 19, 2023 1:17am Jul 19, 2023 1:17am
- Joined Dec 2022 | Status: Trader | 3,246 Posts
{quote} Hedging is a bit tricky for me, but I feel it gives me a lot more flexibility than a hard stop-loss as one can pick when and how to exit, I can have multiple theories of what price may do next.
i had the same apprehension about hedging as i did when i first started trading without stops, it gets easier with practice but is more complex to manage, it is especially useful for protecting margin using positive swap positions allowing more trades to be made but aggressive management is required and it can be very hard work...
{quote} Incredible trades!!!! How did you do that ? did you use fundamental analysis ?
just a philosophy that gold and silver is ALWAYS cheap and a bit of luck!
every minute matters!
- #8,434
- Jul 19, 2023 1:34am Jul 19, 2023 1:34am
- Joined Mar 2023 | Status: Trader | 1,007 Posts
{quote} in hindsight we look back and often say to ourselves we could have done better, i think that is an excellent result considering the tough trend you were dealing with and it looks like it still ended up in profit so well done! i'm sure i'll be saying the same to myself once i decide to exit my xau and xag trades! updated xau snapshot to show entry points, they were missing on original {image} {image}
without patience how can you be a trader?
- #8,435
- Jul 19, 2023 3:59am Jul 19, 2023 3:59am
- Joined Dec 2022 | Status: Trader | 3,246 Posts
{quote} well done!
every minute matters!
- #8,437
- Jul 19, 2023 5:21am Jul 19, 2023 5:21am
- Joined Dec 2022 | Status: Trader | 3,246 Posts
{image} {image}
every minute matters!
- #8,439
- Jul 19, 2023 5:49am Jul 19, 2023 5:49am
- Joined Dec 2022 | Status: Trader | 3,246 Posts
M1 EUR countertrend scalp - taking opportunities without hesitation!
every minute matters!
- #8,440
- Edited 6:36am Jul 19, 2023 6:05am | Edited 6:36am
- Joined Dec 2022 | Status: Trader | 3,246 Posts
M1 EUR countertrend scalps - gaps are also hot targets!
and another!
and another!
and another!
and another!
every minute matters!