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M1 Countertrend Scalping Strategy

  • #9,121
  • Aug 11, 2023 3:54pm Aug 11, 2023 3:54pm
Quoting Amiraven
{quote} Thank you Niks ! I am focusing on FxBlue to improve my performance ,dealing with of the toughest trend I have ever seen ,Thanks to Abade and you for mentioning it . {image} {image}
If you want to try an account killer go to GBPUSD December 15th of 2022, US session. There are more like these of course, but that one is particularly bad.
  • #9,122
  • Aug 11, 2023 5:56pm Aug 11, 2023 5:56pm
Quick update before the wife and I go to a Beck concert.

EURUSD trades hit TPs at 6:18am AZ time for 27.8 pips:
Attached Image (click to enlarge)
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and the USDJPY trades hit TPs at 8:39am for 38.5 pips:
Attached Image (click to enlarge)
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That is all! Two turntables and a microphone.
  • #9,123
  • Aug 12, 2023 9:42am Aug 12, 2023 9:42am
M1 BTC scalps - very slow uptrend!
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every minute matters!
  • #9,124
  • Aug 12, 2023 2:55pm Aug 12, 2023 2:55pm
Quoting niks
M1 EUR scalps - that support i was looking for didn't really hold so drawdown management kicked in! {image}
Looking at this I can hear the No Doubt song: "Sorry I'm not home right now I walking in a spiders web" LOL.

You are KoF. You're WoF (Wizard of Forex)! 176 win streak! Good golly! Congrats. I am starting to look for the mini trends after pullbacks as well. Need more practice!
  • #9,125
  • Aug 12, 2023 3:14pm Aug 12, 2023 3:14pm
Quoting Abade
{quote} If you want to try an account killer go to GBPUSD December 15th of 2022, US session. There are more like these of course, but that one is particularly bad.
will do , thanks !
I haven't come this far to only come this far !
  • #9,126
  • Aug 12, 2023 5:25pm Aug 12, 2023 5:25pm
[quote=Amiraven;14532345]{quote} ¡Gracias Niks! Me estoy centrando en FxBlue para mejorar mi rendimiento, lidiando con la tendencia más difícil que he visto, gracias a Abade y a ti por mencionarlo. {imagen} {imagen}[/cita]

EURUSD January 6, 2023 15:00 h hehe
  • #9,127
  • Aug 12, 2023 6:12pm Aug 12, 2023 6:12pm
This thread just gets stronger and stronger.
Keep up the good work everyone. niks nice work man you are to kof style god. Abade the thread starter thankyou for introducing this to us,steverino832 great support and encouragement to fellow traders, cpfleger a massive thank you for your input and guidance, Darwati great contribution and ideas, amiraven doing great buddy and all the others who believe and succeed.

Keep going and achieve your dreams everyone and don't listen to nay Sayers, they are just forex failures with bitterness . I'm sorry I cant contribute as much as I would like right now due to personal circumstance but I do keep up to date with the thread everyday.
keep trying, be positive and take control of your lives.
Have a good one.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #9,128
  • Aug 12, 2023 10:42pm Aug 12, 2023 10:42pm
Quoting Seabreeze
This thread just gets stronger and stronger. Keep up the good work everyone. niks nice work man you are to kof style god. Abade the thread starter thankyou for introducing this to us,steverino832 great support and encouragement to fellow traders, cpfleger a massive thank you for your input and guidance, Darwati great contribution and ideas, amiraven doing great buddy and all the others who believe and succeed. Keep going and achieve your dreams everyone and don't listen to nay Sayers, they are just forex failures with bitterness . I'm sorry I cant...
wishing you all the best seabreeze, my mantra during challenging periods is "tough times never last" - look forward to seeing you back in action!
every minute matters!
  • #9,129
  • Aug 12, 2023 10:58pm Aug 12, 2023 10:58pm
Quoting Donny3rd
{quote} Looking at this I can hear the No Doubt song: "Sorry I'm not home right now I walking in a spiders web" LOL. You are KoF. You're WoF (Wizard of Forex)! 176 win streak! Good golly! Congrats. I am starting to look for the mini trends after pullbacks as well. Need more practice!
thank you donny, i'm just trying to emulate your excellent results! i really am not looking for any titles and would not make claim to any - i've only been at it for 8 months so far and am still learning very much!!!

i really feel uncomfortable sharing performance results but do it for the sake of transparency, and will continue to do so on a regular basis, i am really only interested in seeing other traders trading styles and sharing my own so we can all benefit from each others knowledge...

yes, keep looking for those mini trends after pullbacks, it does take lots of practice but they are worth it, and when you start catching them, you'll see why!
every minute matters!
  • #9,130
  • Edited 2:48pm Aug 13, 2023 6:41am | Edited 2:48pm
Main Trend, Mini Trend and Counter Trend

These are just the markers I have

Main Trend Buy = Green Line ( TDI>50)
Main Trend Sell = Red Line(TDI<50)

Mini Trend Buy = Green+Aqua Line
Mini Trend Sell= Red+Magenta Line

Counter Trend ... Green+Magenta=Sell
Red+Aqua= Buy

i used to identify through 3 markers (2 cross & 1 dot) + TDI and Signal Intersect
at a glance if there is a Dot Red and Cross Aqua + Cross Green in the previous candle, + TDI and Signal Intersect ,I consider it an opportunity to sell
At a glance, if there is Dot Lime and Cross Red + Cross Magenta in the previous candle, + TDI and Signal Intersect ,I consider it an opportunity to buy

Close option if TDI and Signal Intersect, cross Aqua/Magenta , Dot Lime/Red

The indicator can only be used for demo accounts, for real accounts it will only work if your history today is below 6 orders (every day )

if you read carefully the previous post, of course you can understand and make indicators like this

Attached File(s)
File Type: ex4 TDI Pro.ex4   15 KB | 320 downloads


Attached File(s)
File Type: ex4 TDI Pro2.ex4   11 KB | 364 downloads


Attached Image (click to enlarge)
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Forex is always full of uncertainties, but sometimes they are too clear

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  • #9,131
  • Aug 13, 2023 7:28am Aug 13, 2023 7:28am
I’ve been following this thread for a few months and finally joined FF so I can participate. Thank you to everyone who’ve contributed. I’ve learned a lot from your posts. I’ve been trading live and demo using KOF’s methods for a few months. I have a question for cpfleger:
I’ve read through the thread and studied your screen prints. Even though you’ve used different indicators over time, it seems that your basic method is to wait for price to reach support/resistance and then use a one-wicked HA candle as confirmation of the reversal. Is that correct?
  • #9,132
  • Aug 13, 2023 9:52am Aug 13, 2023 9:52am
SurMoose,
Correct my man.
The candle 4 elements are the real secret to all my systems and will make every retail trader a better trader when he / she realizes this factoid.
cpfleger
  • #9,133
  • Aug 13, 2023 10:29am Aug 13, 2023 10:29am
Quoting cpfleger
SurMoose, Correct my man. The candle 4 elements are the real secret to all my systems and will make every retail trader a better trader when he / she realizes this factoid. cpfleger
Thanks for confirming that for me, cpflegger.

When it moves against you, do you average down or stop out? I wasn't able to figure that out looking through your posts. Thanks!
  • #9,134
  • Aug 13, 2023 12:16pm Aug 13, 2023 12:16pm
SurMoose,
I do both depending on the account balance and trade lot size, this is an Odds and Probability Game.
cpfleger
  • #9,135
  • Aug 13, 2023 1:32pm Aug 13, 2023 1:32pm
Samuels final - trade to pay your airline ticket, food and hotel, thats pressure...

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  • #9,136
  • Aug 14, 2023 4:22am Aug 14, 2023 4:22am
Thank the market and netting account Happy trades to you all.
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  • #9,137
  • Aug 14, 2023 7:03am Aug 14, 2023 7:03am
M1 EUR countertrend scalps - tricky conditions!
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every minute matters!
  • #9,138
  • Aug 14, 2023 9:31am Aug 14, 2023 9:31am
M1 EUR trend scalps - still not the KoF way but it's a start! it also highlights when a countertrend should not be taken!
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every minute matters!
  • #9,139
  • Edited 12:09pm Aug 14, 2023 10:05am | Edited 12:09pm
Eurusd trade. Had to trade this on limit orders as I had to go out. Were I able to manage the trade, would have been 0.10 lot size. On limits I tend to get in too early.
Attached Image (click to enlarge)
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  • #9,140
  • Aug 14, 2023 2:08pm Aug 14, 2023 2:08pm
The simple secret to trading success
Sell on High , Buy on Low
I love my vertical lines

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