M1 Countertrend Scalping Strategy

What is that RSI/timing indicator cpfleger?

hostwey,
What or Where ?
RSI Timing Indicator (white text in the bottom window) is just a test summary of whom is Buying or Selling instead of a Histogram.
cpfleger

hostwey,
Big fingers - test - should be text.
cpfleger

Be welcome my friend, feel free to share your knowledge and experiences.

Thank you KOF !

If you can combine ICT concept with this KOF you will kill the market because you know the price will go next, up or down.

This is the EMA 20,34,50 and 100

on EMA 20 and 34 I use MarCo-MA2Color

on EMA 50 and 100 I use different data

Now I can used the counter trend M1 and follow trend M1

The scenario is Lime Arrow = Buy for trend
Magenta Arrow =Sell for Trend

For EMA Kof Tpl
Buy if 4 Line Green/Lime
Sell if 4 Line Red

If you don't understand the Meta editor, here I include a template for 4EMA using MarCo-MA2Color

Now you can add other indicator as cpfleger template

In essence, all indicators will produce very similar signals, maybe even twins, even though the indicators are different and the appearance may be different,

but if different indicator data is entered into 1 EMA indicator, for example,
the results will be similar, maybe even twins

My point here as a trader is just trying to find or make the display that is the easiest for me to understand

Whatever the indicator is not important, but the display that is easiest for me to understand is more important, same data source different views





MarCo-MA2Color indicator can see in Post #1
EMA Kof tpl view

My Custom indikator view


My Indicator with Cloud Ichimoku & Stochastic




Different people - Different Luck
Good Luck

Darwati,
Excellent news.
cpfleger

With all due respect to Abade and all Reviewers, the paid KoF EMA Strategy course does emphasize both trend and countertrend trading unlike the free YouTube video's that KoF has released as he is only discussing the basic version and not the full paid version. Also, he explains how to buy using cost averaging if you have enough financial balance as he explained many times within the course you may bust your account if you do NOT have enough money.

There is two types of cost averaging and they are; negative (entering early) and positive (entering after reversal point) and after three years of using this Strategy, I recommend using positive cost averaging to bring confidence to any retail trader.
cpfleger

M1 GBP countertrend scalps - the KoF way!

Patience brings the good setups!

kof latest video


https://www.youtube.com/live/FgMcMuLiIc8?feature=share

Out at 5.1 pips and past 50 EMA with ZZ number:

I bought down there.

thx mate I watched it yesterday, nothing new in it is there really... same old platitudes and generalizations... and his sound quality/volume is appalling! From what I've picked up from reading this forum from the start, I reckon we've got some great lower timeframe trend & countertrend traders right here, yourself included. For me, it's keepign a balance between the two, as cpfleger has been sharing recently (thx mate). I'm always lookign to trade with institutional orderflow (IOF), whichever way it's going.

Decided to kill two experiments with the same stone lol.

Took a 0.01 trend entry and in case it went the other direction I would try a 0.01001 hedge:



Well, it did start to go the other way and made a countertrend setup as well. So I tried to make a sell for 0.01001. It closed the initial buy entry even though the entries amounts were technically unique. Since it was a good setup I immediately made a sell entry since the other two canceled out:



So I kinda got robbed some fractions of a cent LOL. I also now have ruined my ongoing win streak. Oh well. Just a demo account and I've been meaning to try a hedge. Now I know it's not possible in the U.S. regulated brokers. But at least the nano lots get me around FIFO for multiple entries in the same direction on the same pair.

welcome to the 1% club amiraven, KoF would be proud!

at least you tried! still very weird, but you are doing very well without hedging so far and you shouldn't need it, your performance is excellent!

thank you for the kind words, and yes some excellent traders here, but I would not include myself on that list I am still learning something new every day.