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M1 Countertrend Scalping Strategy

  • #8,841
  • Aug 6, 2023 2:58am Aug 6, 2023 2:58am
Quoting hostwey
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...
Hi, here are the real volumes
https://it.ampglobal.com/
  • #8,842
  • Aug 6, 2023 3:50am Aug 6, 2023 3:50am
M1 BTC scalps - challenging conditions!
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every minute matters!
  • #8,843
  • Aug 6, 2023 3:54am Aug 6, 2023 3:54am
Hail to the King
Inserted Video
  • #8,844
  • Aug 6, 2023 4:08am Aug 6, 2023 4:08am
Quoting niks
M1 BTC scalps - challenging conditions! {image}
Such long time in trading? Make sure your health will not decreasing that fast.
Perfection is the enemy of good enough!
  • #8,845
  • Aug 6, 2023 4:13am Aug 6, 2023 4:13am
Quoting zkchyo
Hail to the King https://www.youtube.com/watch?v=KEuskljL8vY
He is a great trader but he would destroy his account if he was late a few minutes. But somehow always manages to profit. Great experience with great timing I can say.
  • #8,846
  • Aug 6, 2023 4:26am Aug 6, 2023 4:26am
Quoting MichaelSch
{quote} Such long time in trading? Make sure your health will not decreasing that fast.
no, not that long, just a few minutes to click buy button every now and then, take profits takes care of the rest...

appreciate your concern for my health but my focus on trading is with increasing profits, you also can learn how to do this if you follow the thread...
every minute matters!
  • #8,847
  • Aug 6, 2023 5:23am Aug 6, 2023 5:23am
Quoting niks
{quote} no, not that long, just a few minutes to click buy button every now and then, take profits takes care of the rest... appreciate your concern for my health but my focus on trading is with increasing profits, you also can learn how to do this if you follow the thread...
You must overview the ongoing process to react on the flow the ema take. So you are from begin to close the trades caught on the trading desk to care out you not killed by a movement against your pisitions. Sorry I can not think you trade that way several minutes. No you sit very long infront of that. This is a real time eater if things going against the first positions.
Perfection is the enemy of good enough!
  • #8,848
  • Aug 6, 2023 5:43am Aug 6, 2023 5:43am
Quoting MichaelSch
{quote} You must overview the ongoing process to react on the flow the ema take. So you are from begin to close the trades caught on the trading desk to care out you not killed by a movement against your pisitions. Sorry I can not think you trade that way several minutes. No you sit very long infront of that. This is a real time eater if things going against the first positions.
while you are learning how to increase your profits by reading the entire thread, do not skip by the lessons on trader psychology and money management, if you really knew anything about these concepts, you would realise how ridiculous your statement is!
every minute matters!
  • #8,849
  • Aug 6, 2023 5:51am Aug 6, 2023 5:51am
Quoting niks
{quote} while you are learning how to increase your profits by reading the entire thread, do not skip by the lessons on trader psychology and money management, if you really knew anything about these concepts, you would realise how ridiculous your statement is!
Sorry your pictures are about hours and trades spread over the period. So you invest massive time. Why not stand behind it? If it is in the end green all good. But by all positv here this point I count on the negative side.
Perfection is the enemy of good enough!
  • #8,850
  • Aug 6, 2023 6:00am Aug 6, 2023 6:00am
Quoting MichaelSch
{quote} Sorry your pictures are about hours and trades spread over the period. So you invest massive time. Why not stand behind it? If it is in the end green all good. But by all positv here this point I count on the negative side.
ok, i will burst your bubble and tell you trading is HARD work, so we keep ourselves positive...

the trade you have referenced is a very bad example to make your point on, my btc trades are literally set and forget, you trying watching that robotic tick movement all day and see how long you last!

you are absolutely correct, this is a very RISKY strategy and it CAN consume massive amounts of time if you let it, but with practice and over time, trade management becomes a lot easier and screen time a lot less, in my experience anyway...
every minute matters!
  • #8,851
  • Aug 6, 2023 8:04am Aug 6, 2023 8:04am
Quoting niks
{quote} ok, i will burst your bubble and tell you trading is HARD work, so we keep ourselves positive... the trade you have referenced is a very bad example to make your point on, my btc trades are literally set and forget, you trying watching that robotic tick movement all day and see how long you last! you are absolutely correct, this is a very RISKY strategy and it CAN consume massive amounts of time if you let it, but with practice and over time, trade management becomes a lot easier and screen time a lot less, in my experience anyway...

Completely agree with you.
Different people have different life responsibilities and and this reflects how long you can trade. If you have 8 hours a day to trade then why not do that if that's what you like to do. If you like me have limited time to trade then that's also ok.

Better to spend 6 hours a day earning a lot more than an employer will pay if you are good at what you do.

Some people have a negative outlook so will never make good traders when the going gets tough.
you have to believe in your self to become a good trader and understand that trading is a probabilities game.

Weekend bitcoin trading is difficult because of the spreads. If you can master that you can master any symbol.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #8,852
  • Aug 6, 2023 9:13am Aug 6, 2023 9:13am
trading is a single person's business.
You do not need anyone to tell you how to trade.
You do not need anyone to accept your method or system.
You do not need authorization from anyone.
All YOU need is YOUR COMMITMENT and DISCIPLINE.

It's all about YOU.

cpfleger
without patience how can you be a trader?
  • #8,853
  • Aug 6, 2023 9:28am Aug 6, 2023 9:28am
[quote=Steverino832;14525685]trading is a single person's business. You do not need anyone to tell you how to trade. You do not need anyone to accept your method or system. You do not need authorization from anyone. All YOU need is YOUR COMMITMENT and DISCIPLINE. It's all about YOU. cpfleger[/quote


Amen Steverino832
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #8,854
  • Aug 6, 2023 9:29am Aug 6, 2023 9:29am
Sunday coins
Based on the fact that Bitcoin hasn't wanted to be below these prices for a couple of weeks now and the use of cpflegers template.
as cpfleger says less talk more action.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #8,855
  • Aug 6, 2023 9:48am Aug 6, 2023 9:48am
Gents,
I feel out of place here, I have nothing to say but - PERFORMANCE....
cpfleger
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  • #8,856
  • Aug 6, 2023 11:53am Aug 6, 2023 11:53am
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  • #8,857
  • Aug 6, 2023 12:04pm Aug 6, 2023 12:04pm
BTCUSD. A small 1 minute kof scalp in the red rectangle area turned into a major drama as I got distracted and it fell back on me. Averaging in saved the day!
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  • #8,858
  • Aug 6, 2023 12:09pm Aug 6, 2023 12:09pm
hostwey,
Nice recovery. May I ask the name of your candles as you have zoomed out so far that an old man like me cannot see them well.
Thanks.
cpfleger
  • #8,859
  • Edited 12:41pm Aug 6, 2023 12:24pm | Edited 12:41pm
Quoting cpfleger
hostwey, Nice recovery. May I ask the name of your candles as you have zoomed out so far that an old man like me cannot see them well. Thanks. cpfleger
Sorry about that cpfleger. Its basically your (synergy?) template I think, so APB candles for the MT5 platform. Think I've just added some supply/demand zones.

Here is the 15 minute chart.

A nice double bottom formed into the demand area, so was able to double dip and reload.

EDIT: Just realised that when I added the APB indicator I still had Heiken Ashi candles on, so those charts had both on! LOL


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  • #8,860
  • Aug 6, 2023 12:43pm Aug 6, 2023 12:43pm
hostwey,
Excellent information and may I drop an old man's tip with Synergy Indicators and scalping - I have found over the last 4 years to use the Green TDI Line ELBOW to buy or sell without incurring too much Drawdown or Risk as I am allergic to risk being a retired man.
cpfleger
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