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M1 Countertrend Scalping Strategy

  • #8,941
  • Aug 8, 2023 2:47am Aug 8, 2023 2:47am
Quoting niks
M1 GBP scalps - profits in minutes! {image}
I think its a combination of two indicators. TickSeperateVolumes and rsima div (there are a few variants of it). All I think can be found by clicking the file paperclip above.
  • #8,942
  • Aug 8, 2023 2:54am Aug 8, 2023 2:54am
Quoting niks
{quote} yes it is, have no mercy on the market! {image}
niks = Il Maestro
We don't see things as they are - we see things as we are.
  • #8,943
  • Aug 8, 2023 3:15am Aug 8, 2023 3:15am
Quoting sonicvista12
{quote} niks = Il Maestro
thanks! but not quite there yet, the day i master these 1% setups then i'll gladly take the title!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
every minute matters!
  • #8,944
  • Aug 8, 2023 3:17am Aug 8, 2023 3:17am
Quoting niks
{quote} thanks! but not quite there yet, the day i master these 1% setups then i'll gladly take the title! {image}
So in this example... how do you pinpoint the ideal time to buy? The market ran away for a long time to the downside. At this point you would have accumulated a number of buy positions...

Say your profit target was the purple EMA.
  • #8,945
  • Aug 8, 2023 3:24am Aug 8, 2023 3:24am
Quoting samsha786
{quote} So in this example... how do you pinpoint the ideal time to buy? The market ran away for a long time to the downside. At this point you would have accumulated a number of buy positions... Say your profit target was the purple EMA.
this is a potential 1% trend trade that i didn't take, not an ema countertrend trade, if i ran my shorts as a 1% setup instead of closing them as a countertrend setup, i would of been adding sell orders to it. not longs...

if you ran this down as a countertrend trade and were stuck with a bunch of longs, then you still have a lot to learn!!!
every minute matters!
  • #8,946
  • Aug 8, 2023 3:34am Aug 8, 2023 3:34am
Follow Cfpleger's instructions, you would only have placed 2 or 3 trades for now, depending on were you started.
  • #8,947
  • Aug 8, 2023 3:44am Aug 8, 2023 3:44am
Long position on gbpusd (5m) now opened.
  • #8,948
  • Aug 8, 2023 4:17am Aug 8, 2023 4:17am
Quoting niks
{quote} this is a potential 1% trend trade that i didn't take, not an ema countertrend trade, if i ran my shorts as a 1% setup instead of closing them as a countertrend setup, i would of been adding sell orders to it. not longs... if you ran this down as a countertrend trade and were stuck with a bunch of longs, then you still have a lot to learn!!!
Yes, recognizing institutional orderflow is essential, knowing when to stay away (if you do not trade with IOF in a trending situation), and when you can see signs of reversals beginning. Just like GU is showing right now (I'm long)
We don't see things as they are - we see things as we are.
  • #8,949
  • Aug 8, 2023 4:26am Aug 8, 2023 4:26am
Quoting sonicvista12
{quote} Yes, recognizing institutional orderflow is essential, knowing when to stay away (if you do not trade with IOF in a trending situation), and when you can see signs of reversals beginning. Just like GU is showing right now (I'm long)
I closed my short from 350 and am waiting for a long setup now.
KoF doesn't do this but I like to draw some HTF s/r lines to prepare for a possible reversal.
  • #8,950
  • Aug 8, 2023 4:29am Aug 8, 2023 4:29am
Quoting zkchyo
{quote} I closed my short from 350 and am waiting for a long setup now. KoF doesn't do this but I like to draw some HTF s/r lines to prepare for a possible reversal.
it might take a little longer than I initially thought...
We don't see things as they are - we see things as we are.
  • #8,951
  • Aug 8, 2023 4:39am Aug 8, 2023 4:39am
Quoting sonicvista12
{quote} it might take a little longer than I initially thought...
It drops again. Wait for the next support line for the ema setup.
  • #8,952
  • Aug 8, 2023 5:15am Aug 8, 2023 5:15am
not much happening in the market.
  • #8,953
  • Aug 8, 2023 5:31am Aug 8, 2023 5:31am
mbfx,
There is always some fish in the Market...........
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 597 KB
  • #8,954
  • Aug 8, 2023 6:15am Aug 8, 2023 6:15am
Quoting zkchyo
{quote} It drops again. Wait for the next support line for the ema setup.
M1 GBP countertrend scalps - watching the flow...
Attached Image (click to enlarge)
Click to Enlarge Name: D559FF52-7DE3-4FD1-8AD7-0369F8F6245E.png Size: 87 KB
every minute matters!
  • #8,955
  • Aug 8, 2023 6:19am Aug 8, 2023 6:19am
Quoting niks
{quote} M1 GBP countertrend scalps - watching the flow... {image}
Now it's time for me. I wait for a touch on 200.
  • #8,956
  • Aug 8, 2023 6:26am Aug 8, 2023 6:26am
M1 GBP countertrend scalps - double dip!
Attached Image (click to enlarge)
Click to Enlarge Name: 806007C1-0480-4175-9CFF-C95E1400CAE7.png Size: 95 KB
every minute matters!
  • #8,957
  • Aug 8, 2023 6:33am Aug 8, 2023 6:33am
M1 GBP countertrend scalps - triple dip!
Attached Image (click to enlarge)
Click to Enlarge Name: B81CA552-AA71-4A2C-BA65-BDB6C5B0DCE2.png Size: 104 KB
every minute matters!
  • #8,958
  • Aug 8, 2023 7:19am Aug 8, 2023 7:19am
Basic EMA style
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  • #8,959
  • Aug 8, 2023 8:05am Aug 8, 2023 8:05am
Quoting cpfleger
mbfx, There is always some fish in the Market........... cpfleger {image}
  • #8,960
  • Aug 8, 2023 8:31am Aug 8, 2023 8:31am
Quoting atnrvrdi
This strategy works %99 of the time. Thanks to king I have been a profitable trader since I learned from him , including a lot of risk management. {image}
Do you mind sharing indicators and template
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