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M1 Countertrend Scalping Strategy

  • #8,881
  • Aug 7, 2023 1:43am Aug 7, 2023 1:43am
M1 AUD countertrend scalps - basic ema strategy in action!
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every minute matters!
  • #8,882
  • Edited 7:45am Aug 7, 2023 1:54am | Edited 7:45am
Gents,
There seems to be a slight misinterpretation about KoF Countertrend Strategy.
The basic strategy is on YouTube videos, but the full strategy is defined in his paid Courses which I have Screenprinted for your awareness.
Now, he clearly tells his paid customers as defined within the screenprint to wait for the Candle to pass the 9 EMA before entering a trade and not before, so a few folks have misinterpreted this requirement.
I would release the entire 2-part videos, but I am sure Abade would not like this factoid since it was a paid course and most people have only seen the basic YouTube videos only.
The paid course explains the trade opening requirement, adding positions and the exiting at the EMA's and the attached Screenprint provides this evidence.
So, please do not criticize someone else's strategy or system if you have not read and understood the full trading strategy course even if you do not want to pay the price.
cpfleger
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  • #8,883
  • Aug 7, 2023 1:59am Aug 7, 2023 1:59am
Quoting cpfleger
Gents, There seems to be a slight misinterpretation about KoF Countertrend Strategy. The basic strategy is on YouTube videos, but the full strategy is defined in his paid Courses which I have Screenprinted for your awareness. Now, he clearly tells his paid customers as defined within the screenprint to wait for the Candle to pass the 9 EMA before entering a trade and not before, so a few folks have misinterpreted this requirement. I would release the entire 2-part videos, but I am sure Abade would not like this factoid since it was a paid course...
Sometimes I just can't tell the difference between trend strategy in full ema strategy and 1%.
  • #8,884
  • Aug 7, 2023 2:01am Aug 7, 2023 2:01am
M1 AUD countertrend scalps - basic ema again...
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and both the full and basic side... it is all in his free videos...
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every minute matters!
  • #8,885
  • Aug 7, 2023 2:10am Aug 7, 2023 2:10am
Quoting cpfleger
Gents, There seems to be a slight misinterpretation about KoF Countertrend Strategy. The basic strategy is on YouTube videos, but the full strategy is defined in his paid Courses which I have Screenprinted for your awareness. Now, he clearly tells his paid customers as defined within the screenprint to wait for the Candle to pass the 9 EMA before entering a trade and not before, so a few folks have misinterpreted this requirement. I would release the entire 2-part videos, but I am sure Abade would not like this factoid since it was a paid course...
thanks cpfleger for your generous explanation of the finer details - they do clarify a lot of KoF's Youtube actions actually. thanks again
We don't see things as they are - we see things as we are.
  • #8,886
  • Edited 7:45am Aug 7, 2023 2:22am | Edited 7:45am
Gents,
Additional paid course information and the free YouTube videos are the basic structure and strategy, and the paid courses are better with details that the free videos fail to acknowledge - that the price for investments in trading.
Free videos are just that free and not the devil in the details.
cpfleger
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  • #8,887
  • Aug 7, 2023 2:27am Aug 7, 2023 2:27am
Quoting cpfleger
Gents, Additional paid course information and the free YouTube videos are the basic structure and strategy, and the paid courses are better with details that the free videos fail to acknowledge - that the price for investments in trading. Free videos are just that free and not the devil in the details. cpfleger {image}
this is the 1% strategy right? I think it is for trending markets only.
  • #8,888
  • Aug 7, 2023 2:35am Aug 7, 2023 2:35am
Maybe someone could open a new discussion about trend strategy in the full ema course and 1%. Sometimes KoF buys when big candle away from ema 9 and sometimes he buys when price returns back to the last support/resistance zone. I'm confused.
  • #8,889
  • Edited 7:45am Aug 7, 2023 2:37am | Edited 7:45am
mbfx,
The course explains the How first and the last screenprint was to explain the How of KoF Strategy - you must stand before you can walk.
The attached screenprint is countertrend but again the course is teaching you the How first, we still have more course minutes and Part 2 - the beauty of paid courses versus free YouTube videos which we all know does not teach you everything.
cpfleger
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  • #8,890
  • Aug 7, 2023 2:47am Aug 7, 2023 2:47am
Pre setup

EURUSD T5

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  • #8,891
  • Aug 7, 2023 3:03am Aug 7, 2023 3:03am
Quoting cpfleger
mbfx, The course explains the How first and the last screenprint was to explain the How of KoF Strategy - you must stand before you can walk. The attached screenprint is countertrend but again the course is teaching you the How first, we still have more course minutes and Part 2 - the beauty of paid courses versus free YouTube videos which we all know does not teach you everything. cpfleger {image}

I got it thanks
  • #8,892
  • Aug 7, 2023 3:07am Aug 7, 2023 3:07am
executed

EURUSD t5
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  • #8,893
  • Aug 7, 2023 3:22am Aug 7, 2023 3:22am
mbfx,
Good news and only if you desire, I recommend not to use the PSAR Indicator as it lags and your eyes should be on the Gann elbow with the HA Candle as your entry point and then watch the candle wicks as they tell the market story, just my suggestion.
cpfleger
  • #8,894
  • Aug 7, 2023 4:26am Aug 7, 2023 4:26am
M1 GBP countertrend scalps - built in risk and drawdown management!
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a deep understanding of price action and a brave heart will go a long way trading KoF style!
every minute matters!
  • #8,895
  • Aug 7, 2023 4:28am Aug 7, 2023 4:28am
Another successful trading day - Performance Rules.
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  • #8,896
  • Aug 7, 2023 4:31am Aug 7, 2023 4:31am
Quoting niks
M1 GBP countertrend scalps - built in risk and drawdown management! {image} a deep understanding of price action and a brave heart will go a long way trading KoF style!
But provided you have sound risk and money management and enough "dry powder" in the form of margin, its possible to recover!
  • #8,897
  • Aug 7, 2023 5:03am Aug 7, 2023 5:03am
Quoting cpfleger
mbfx, Good news and only if you desire, I recommend not to use the PSAR Indicator as it lags and your eyes should be on the Gann elbow with the HA Candle as your entry point and then watch the candle wicks as they tell the market story, just my suggestion. cpfleger
thank you got plenty of pips.
And I am not solely relying on PSAR indicator. I just follow your templates and your instructions and make execute decisions based on that. I have opened 4 templates that you have shared here on one pair side by side
  • #8,898
  • Aug 7, 2023 5:04am Aug 7, 2023 5:04am
Quoting cpfleger
Another successful trading day - Performance Rules. {image}
I find trading Gold very tough. I am so happy to see your results. It motivates me more. Indeed performance is king
  • #8,899
  • Aug 7, 2023 5:07am Aug 7, 2023 5:07am
my day so far...
I made couple of pips on my demo account. I was doing good there and got greedy so went on to live to trade. still be cautious though.

trailing stop loss kills you profits
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  • #8,900
  • Aug 7, 2023 5:17am Aug 7, 2023 5:17am
Some Ger40

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