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M1 Countertrend Scalping Strategy

  • #8,801
  • Aug 4, 2023 7:42am Aug 4, 2023 7:42am
Quoting Spank1969
{quote} Hi, what indicator is it? Thanks
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All indicators have been posted by cpfleger, and can be found on paperclips.
xinitial.
  • #8,802
  • Aug 4, 2023 7:48am Aug 4, 2023 7:48am
Quoting xinitial
{quote} {image} All indicators have been posted by cpfleger, and can be found on paperclips. xinitial.
Thanks
  • #8,803
  • Aug 4, 2023 8:17am Aug 4, 2023 8:17am
Gents,
If you had read this entire Forum you would have seen that a retail trader cannot trade the KoF Strategy until he has put 1000 real money into a live account and even then he is limited on using cost averaging, so quit dreaming and let reality hit your minds... YOU must walk before you can run...
cpfleger
  • #8,804
  • Aug 4, 2023 8:29am Aug 4, 2023 8:29am
I closed my trades before NFP and turned to trend trading mode. When price retraced and touched ema20, I exited positions.

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  • #8,805
  • Aug 4, 2023 8:46am Aug 4, 2023 8:46am
Quoting cpfleger
Gents, If you had read this entire Forum you would have seen that a retail trader cannot trade the KoF Strategy until he has put 1000 real money into a live account and even then he is limited on using cost averaging, so quit dreaming and let reality hit your minds... YOU must walk before you can run... cpfleger
I'll go for a prop firm 10k challenge, so I am practicing controlling risk and used margin at a low level.
  • #8,806
  • Aug 4, 2023 8:52am Aug 4, 2023 8:52am
zkchyo,
If you back a few pages you will see my next 100k Challenge in 7 days, maybe you can enroll quickly.
Samuels & Co in the UK.
cpfleger
  • #8,807
  • Aug 4, 2023 8:57am Aug 4, 2023 8:57am
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EURUSD almost ready
  • #8,808
  • Aug 4, 2023 9:03am Aug 4, 2023 9:03am
Quoting cpfleger
zkchyo, If you back a few pages you will see my next 100k Challenge in 7 days, maybe you can enroll quickly. Samuels & Co in the UK. cpfleger
I already have other prop firm in mind. Thanks.
You probably don't need it but good luck to you.
  • #8,809
  • Aug 4, 2023 10:38am Aug 4, 2023 10:38am
Quick update on last nights AUDUSD trades. TPs were hit around 3:13am my time for 27.3 pips:
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Quoting zkchyo
What's funny is that I start to expect price goes against me more to give me chances to scale in, so that I can make more profits.
Glad to know I'm not the only one who sometimes feels that way LOL.


Have a good weekend everyone!
  • #8,810
  • Aug 4, 2023 10:51am Aug 4, 2023 10:51am
Quoting Donny3rd
Glad to know I'm not the only one who sometimes feels that way
i have that feeling too, until it gets out of control!

M1 GBP scalps - go with the flow!
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every minute matters!
  • #8,811
  • Aug 4, 2023 2:17pm Aug 4, 2023 2:17pm
Quoting niks
M1 GBP countertrend scalps - warming up! {image}
Hello niks, can you teach me this trading system? I want to learn this
  • #8,812
  • Aug 4, 2023 4:12pm Aug 4, 2023 4:12pm
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I haven't come this far to only come this far !
  • #8,813
  • Aug 4, 2023 4:20pm Aug 4, 2023 4:20pm
Quoting niks
{quote} i have that feeling too, until it gets out of control! M1 GBP scalps - go with the flow! {image}
A flawless performance !
I haven't come this far to only come this far !
  • #8,814
  • Aug 4, 2023 4:33pm Aug 4, 2023 4:33pm
Quoting niks
{quote} i have that feeling too, until it gets out of control! M1 GBP scalps - go with the flow! {image}
How do you keep track of all that? Impressive!
  • #8,815
  • Aug 4, 2023 8:23pm Aug 4, 2023 8:23pm
Quoting niks
{quote} i have that feeling too, until it gets out of control! M1 GBP scalps - go with the flow! {image}
How do you know it's a big reversal day? NFP conflicts with Unemployment rate? If it's an unidirectional day, will you still hedge?
  • #8,816
  • Aug 4, 2023 10:45pm Aug 4, 2023 10:45pm
Quoting maxfx678
{quote} Hello niks, can you teach me this trading system? I want to learn this
hello max, the trade you have referenced is a standard KoF basic ema strategy and is the topic of this thread, if you read it all and follow it, you will learn this system very well, i cannot teach it, i am learning it myself!

Quoting Amiraven
{quote} A flawless performance !
never flawless but we always try! thanks amiraven, you also did very well remaining patient in the last few hours of the trading week with low volume to produce an excellent result using a well picked target, nicely traded!

Quoting Donny3rd
{quote} How do you keep track of all that? Impressive!
cheers donny! i wonder that myself sometimes! i will start documenting my thoughts on these trades as i haven't done so yet so i'll start with this one while it's still fresh in my mind...

Quoting zkchyo
{quote} How do you know it's a big reversal day? NFP conflicts with Unemployment rate? If it's an unidirectional day, will you still hedge?
i don't ever know what kind of day it will be, i simply use price action - other than the fact that they exist, big news events do not factor into my trading decisions, i am not an economist...
every minute matters!
  • #8,817
  • Aug 5, 2023 3:34am Aug 5, 2023 3:34am
Quoting zkchyo
I closed my trades before NFP and turned to trend trading mode. When price retraced and touched ema20, I exited positions. {image}
You were lucky. I ended up fading the entire move up by the EURUSD (as well as GBPUSD). One was enough. And then the stupid thing decided to stay up there, with some kind of bull flag thing going on. Thankfully averaging in and a small retracement saved the day. Was in the trade hours! Worried I'd be stuck with them over the weekend. KOF extreme trend trading! But only microlots!

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  • #8,818
  • Aug 5, 2023 3:49am Aug 5, 2023 3:49am
Beautiful as a strategy you enter the market and then expect the price to invert sooner or later it will happen, the important thing is to be still alive to close the operation,
  • #8,819
  • Aug 5, 2023 3:58am Aug 5, 2023 3:58am
Quoting hostwey
{quote} You were lucky. I ended up fading the entire move up by the EURUSD (as well as GBPUSD). One was enough. And then the stupid thing decided to stay up there, with some kind of bull flag thing going on. Thankfully averaging in and a small retracement saved the day. Was in the trade hours! Worried I'd be stuck with them over the weekend. KOF extreme trend trading! But only microlots! {image}
excellent risk and drawdown management in these trades, terrific job!
every minute matters!
  • #8,820
  • Aug 5, 2023 6:01am Aug 5, 2023 6:01am
I had a few minutes to look at the charts today so thought I would pop in and say hello.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
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