M1 Countertrend Scalping Strategy

Quoting zkchyo

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I know this one. It's kof's strategy; however, his live trading is on a demo account. Therefore, I don't really trust him. I test it on a demo account. Here is what I learned from it. You have to trade small in case you get caught by a tough trend, so avoid news. In a tough trend, you have to guess tops and bottoms and add positions repeatedly until you are right or you won't even have a chance to break-even. If you get caught by a multiple day volatility explosion, it could be very hard to close your positions. What's worse is if your margin runs...

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Quoting Seabreeze

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I had a few minutes to look at the charts today so thought I would pop in and say hello. {image}

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Quoting cpfleger

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What's your Probability of your trade being profitable ??? Trading is an Odds and Probability Game - do play by numbers or emotions ??? cpfleger {image}

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Quoting niks

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the sequence begins at the top of an uptrend as price begins to stall... a range is anticipated with exit points for longs and shorts at which no more longs or shorts will be opened and the fun begins! {image} at this point, the exit point for shorts has been breached, so no more shorts, just longs... {image} longs are going well and on target to close, started flirting with shorts again to balance out the margin a bit plus a new bottom had formed {image} gave up on shorts and just aimed to close out the longs picking up a few more along the way!...

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Quoting Seabreeze

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A few Saturday coins collected entry off 5M but watched it bounce off M15 support box. {image}

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Quoting Seabreeze

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I had a few minutes to look at the charts today so thought I would pop in and say hello. {image}

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Quoting niks

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it ended up forming a nice "W" pattern in the end, an ideal scenario for these trades! {image}

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Quoting Donny3rd

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{quote} Hello! Always good to sea you around {quote} A second thank you for taking the time to break down you thoughts and method! Appreciated and engaging.

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Quoting hostwey

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{quote} Agreed. I've seen him trade with over $1m in his (demo) account. And even if I really had that much cash, couldn't risk so much margin. That said being able to flip accounts live on Youtube is a skill in itself

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Quoting hostwey

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Does anyone know what Kof is getting at with volume? I've never been able to get it. Always thought volume with a retail broker account was just tick volume. Would be broker dependent. Its not like trading futures or stocks. Yes can see tick volume above the 20 ema sometimes but it doesn't seem to suggest a change of direction. Seems almost random Higher volume sometimes suggests larger candlesticks but sometimes a doji can have high volume. Absorption? I dunno. Someone posted about Kof having a secret trick with volume, but in some videos he hardly...

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