DislikedJust 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}Ignored
i want to know how i'm performing
M1 Countertrend Scalping Strategy
- #8,443
- Jul 19, 2023 11:41am Jul 19, 2023 11:41am
- Joined Mar 2023 | Status: Trader | 1,007 Posts
where is cpfleger today
? not like him not to post
? not like him not to post
without patience how can you be a trader?
- #8,445
- Edited 1:04pm Jul 19, 2023 12:32pm | Edited 1:04pm
A bit of silver:
Spread is huge, but there is still money to be made with a bit of patience and a good over-extension.
Aerial view:
Update: EURUSD making a transition
I like to wait until all the EMAs have crossed and price does a considerable pullback before making a new entry.
Update: My gut tells me that the bid wants to hit this support:
Update: And it does:
The trade was a bit off as I missed a third entry on top.
Spread is huge, but there is still money to be made with a bit of patience and a good over-extension.
Aerial view:
Update: EURUSD making a transition
I like to wait until all the EMAs have crossed and price does a considerable pullback before making a new entry.
Update: My gut tells me that the bid wants to hit this support:
Update: And it does:
The trade was a bit off as I missed a third entry on top.
Gold trade:
Price is inside a rectangle and the small congestion zone below is a good target:
My friend, every trader has his own trading style and reasoning. I recommend you follow Post #1 and watch all KoF videos as a starting point, and then stick to something that suits your style.
Price is inside a rectangle and the small congestion zone below is a good target:
Hi evryone Can someone point me to the actual post that everyone is following? Thanks You
- #8,450
- Edited 3:29pm Jul 19, 2023 2:50pm | Edited 3:29pm
EURUSD setup:
Decided to close near the 200 EMA, as I thought price is more likely to bounce from it.
Update: EURUSD seems to be crawling up for a specific resistance (marked with pink), so I place a few countertrend orders beforehand:
Update: Gold setup, closed at support, volume is drying up.
One last EURUSD trade before volume dries up completely:
Spread is widening.
Performance report for the session:
Decided to close near the 200 EMA, as I thought price is more likely to bounce from it.
Update: EURUSD seems to be crawling up for a specific resistance (marked with pink), so I place a few countertrend orders beforehand:
Update: Gold setup, closed at support, volume is drying up.
One last EURUSD trade before volume dries up completely:
Spread is widening.
Performance report for the session:
- #8,452
- Jul 19, 2023 4:02pm Jul 19, 2023 4:02pm
- Joined Mar 2023 | Status: Trader | 1,007 Posts
without patience how can you be a trader?
We often think of price 'reverting to the mean' happens only in sideways/rangebound markets, but it occurs in trending markets also. It's always seeking liquidity (the expansion move) then mitigates/takes profits (the reversion move). I think of it as the market breathing in & out. Often the sideways market precedes a large moving 'trending' market (see charts) {image} {image}
However, I feel safe in a wide range as price most likely doesn't have enough gas to make a huge uninterrupted breakout:
Another example:
Thanks for your input @Sonicvista12 and @Steverino832
- #8,460
- Jul 19, 2023 6:28pm Jul 19, 2023 6:28pm
- Joined Mar 2023 | Status: Trader | 1,007 Posts
without patience how can you be a trader?