M1 Countertrend Scalping Strategy

Quoting Amiraven

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100% Profit in one month ! {image}

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Quoting Donny3rd

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Had a good gut surf day. And here's my report so far since starting thing demo account. 97.97% win rate! WTF! LOL. Many thanks are due. Hope you know who you are. Goodnight and good weekend everyone. {image}

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Quoting SurMoose

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I use a daily profit target to encourage discipline and control greed. If I haven't met my profit target, it gives me the self-discipline to put a little more screen time in for the day. It's kind of like working overtime. However, if I hit my daily target early in the session, it controls my greed by making me get out and not chase more money. Some argue against daily profit targets, and I can see the validity of their arguments. For me though, it meshes well with my personality. My daily target is an amount that I know I can reasonably do even on slower days. It also helps me keep an even equity curve, so I can plan for my expected profits. Just like any other business, my trading business needs a business plan and that includes revenue projections.

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Quoting SurMoose

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Was almost out with my daily profit and got stuck in a trade. To be continued…

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Quoting SurMoose

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{quote} Next time you're on the sim, try averaging with a naked chart. I counter-trend traded the EMAs for so long that when I see them, I instinctively want to go counter-trend. Turning them off removes this bias and helps me see the chart more clearly. I still toggle them on occasionally though. Interestingly, here's a KoF trend-following video and he's using a naked chart. In the video he says "the indicators are in my head." https://youtu.be/756L5M8rGLs?si=2d_6NjXS2RxlFnls

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Quoting maxfx678

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{quote} Hello niks , You are doing great How did you come to this result?, did you use other tips or tools other than KOF and Abade in trading or did you trade with what abade said? Yesterday at the end of the market, I traded in the Eur/Usd with the KOF strategy, but as you saw, the price dropped sharply and I lost. Where did the mistake come from? Didn't you trade on the eur/usd yesterday at the end of the market?

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Quoting niks

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{quote} they are phenomenal results amiraven - i'd say the best presented here so far, and your trades are just getting better and better!

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Quoting niks

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on monday i guess!?

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Quoting SurMoose

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{quote} Ha ha. Well, Sunday night for me. With Monday being a U.S. bank holiday and there being less news next week, I’m getting ready to babysit this one for a few days. With hedging (virtually because of FIFO) and reversing direction, I don't worry about whether I’ll lose anymore. These days it’s more about how many days this is going to cost me to manage it back into profit. I’ll still scalp within the position during my normal trading sessions to speed things up.

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Quoting niks

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{quote} is your virtual hedging managed yourself or is it related to the link i posted?

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Quoting Amiraven

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August's Statement {image}

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Quoting pret

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{quote} Good trading Amirivan . Like your charts and style no fancy indis and you are very consistant and disciplined Well done

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