M1 Countertrend Scalping Strategy | Page 454 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

strategy builder/tester for new scalping strategy 1 reply

1M & 5M Scalping System (Scalping Paradise) 21 replies

Reversals vs. CounterTrend Trade 28 replies

CounterTrend Trading 58 replies

Attachments: M1 Countertrend Scalping Strategy
Exit Attachments

M1 Countertrend Scalping Strategy

  • #9,061
  • Aug 10, 2023 6:25am Aug 10, 2023 6:25am
cpfleger
Just lots of patience.
  • #9,062
  • Aug 10, 2023 7:44am Aug 10, 2023 7:44am
I just love trading for real money.... daily dosage keeps the wife happppppppy.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 564 KB
  • #9,063
  • Aug 10, 2023 7:53am Aug 10, 2023 7:53am
Quoting Darwati
19.9% See U later , bye bye {image}
Do you have the secret? The Holy Grail ?
  • #9,064
  • Aug 10, 2023 7:56am Aug 10, 2023 7:56am
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 450 KB
  • #9,065
  • Aug 10, 2023 8:02am Aug 10, 2023 8:02am
US News scalping
Attached Image (click to enlarge)
Click to Enlarge Name: news.png Size: 19 KB
  • #9,066
  • Aug 10, 2023 8:04am Aug 10, 2023 8:04am
Quoting hostwey
{quote} Similar setup using Stochastics and the synergy continuation indicator. {image} RSI Div indicator with synergy continuation. Its all the same data really, all based on price action obviously. {image}
Hostwey, mind sharing which indicator you use for the vertical lines and for the stochastic? I couldn't locate them at first glance on the forum clipboard.
  • #9,067
  • Aug 10, 2023 8:13am Aug 10, 2023 8:13am
Quoting BfromG
{quote} Hostwey, mind sharing which indicator you use for the vertical lines and for the stochastic? I couldn't locate them at first glance on the forum clipboard.
Here they are. Got them all of this forum I think.

Attached Image (click to enlarge)
Click to Enlarge Name: stoch.png Size: 25 KB
  • #9,068
  • Aug 10, 2023 8:13am Aug 10, 2023 8:13am
M1 EUR countertrend scalps - successfully targeting a return to ema200!
Attached Image (click to enlarge)
Click to Enlarge Name: 72CFC98C-A619-4389-B440-2691FA76ACCE.png Size: 103 KB
every minute matters!
  • #9,069
  • Aug 10, 2023 8:28am Aug 10, 2023 8:28am
M1 EUR countertrend scalps - successfully targeting a break of ema200!
Attached Image (click to enlarge)
Click to Enlarge Name: 70AFA876-F056-46EB-B576-C9F42DD7DDE5.png Size: 110 KB
every minute matters!
  • #9,070
  • Aug 10, 2023 8:56am Aug 10, 2023 8:56am
Quoting cpfleger
What's your Probability of your trade being profitable ??? Trading is an Odds and Probability Game - do play by numbers or emotions ??? cpfleger {image}
@cpfleger, the 20ma / 200ma strategy is one that Oliver Velez lives by. However, your indicators makes it almost fool proof.
I can do all things through Christ who gives me strength
  • #9,071
  • Aug 10, 2023 9:11am Aug 10, 2023 9:11am
ainz99,
As Mr. Oliver Velez would say - there is no need to think - thinking is your enemy.
2 Colors, 2 Moving Averages, 2 Directions, 2 Locations - The Power of 2 by O Velez....
ainz99 - Thank you for your comments.
cpfleger
  • #9,072
  • Aug 10, 2023 9:38am Aug 10, 2023 9:38am
Quoting niks
{quote} hi zidro, to keep it simple, i'll provide ratios, it varies due to margin of course... standard KoF ratio is 1 lot assuming a 100k account, i rarely use that and only for high frequency scalps when i do so for gold i would use 0.2, silver 0.5, forex major 0.5-0.7, exotics and bitcoin 0.1, as a rough guide the drawdown on the gold and silver trades look worse than they were which was barely noticeable!
Found it. Thank you.
Are you a follower of King of Forex on YouTube? Hence the many references to him?
I have no clue where it's going
  • #9,073
  • Aug 10, 2023 10:06am Aug 10, 2023 10:06am
Quoting LifeRider
{quote} Found it. Thank you. Are you a follower of King of Forex on YouTube? Hence the many references to him?
no problem...

that is an understatement! he showed me how to do this and make a living on trading...
Attached Image (click to enlarge)
Click to Enlarge Name: 185B837E-D4DA-4922-BFE3-E191F7DA5B3A.png Size: 126 KB
every minute matters!
  • #9,074
  • Aug 10, 2023 10:44am Aug 10, 2023 10:44am
Quoting cpfleger
ainz99, As Mr. Oliver Velez would say - there is no need to think - thinking is your enemy. 2 Colors, 2 Moving Averages, 2 Directions, 2 Locations - The Power of 2 by O Velez.... ainz99 - Thank you for your comments. cpfleger
Some similarities between Velez strategies and KoF. Namely 2 moving average system and the wide state, narrow state concept.
  • #9,075
  • Aug 10, 2023 10:52am Aug 10, 2023 10:52am
Quoting hostwey
{quote} Some similarities between Velez strategies and KoF. Namely 2 moving average system and the wide state, narrow state concept.
Sounds like the MACD histogram...
I have no clue where it's going
  • #9,076
  • Edited 12:51pm Aug 10, 2023 11:02am | Edited 12:51pm
Quoting atnrvrdi
For this countertrend strategy the best way I found is using a netting account instead of hedge. You can increase your position in line with your risk management strategy. It works like charm as long as you can manage your risk. %99 of the time it works in your favor. %1 is humanatarian mistakes. Thanks king for opening a new path to my trading journey. {image}
Hi atnrvrdi! I am curious, what's the benefit of using a netting account vs a hedging one with this strategy?

As far as I remember the only difference is a directional restriction in the netting account.

Thanks.

Edit: Was just messing around a bit with a netting account. I notice it can be advantageous to know what's the breakeven point when having multiple positions.

Such thing wouldn't be visible in a hedging account, but in a netting account the "visual mark" of the entry point changes dynamically as you add positions:

First postion:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 36 KB


A second position is added, so the breakeven (entry point) in the chart is modified slightly:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 30 KB


Other than that, it's the same thing unless I am missing something.
  • #9,077
  • Aug 10, 2023 11:07am Aug 10, 2023 11:07am
Just another successful trading day - loads of action...........
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 374 KB
  • #9,078
  • Aug 10, 2023 3:54pm Aug 10, 2023 3:54pm
Quoting cpfleger
Just another successful trading day - loads of action........... {image}
Another forex BS artist,multiple systems,multiple chart colours,never has a lose.....you should post on Aussi's thread.
  • #9,079
  • Aug 10, 2023 3:55pm Aug 10, 2023 3:55pm
Quoting Darwati
19.9% See U later , bye bye {image}

Unintelligible garbage.
  • #9,080
  • Aug 10, 2023 5:03pm Aug 10, 2023 5:03pm
edge540,
Its nice to see your back with positive thoughts about other Reviewers systems and reports.
I just armchair critics who do not screenprint anything but do know how to use their mouth and finger.
Just move on little man.... there are plenty of Forums for you to mouth off from Darwati and myself............
cpfleger
23 traders viewing now