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M1 Countertrend Scalping Strategy

  • #9,501
  • Sep 8, 2023 8:15am Sep 8, 2023 8:15am
love KoF during news.

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  • #9,502
  • Sep 8, 2023 8:47am Sep 8, 2023 8:47am
Quoting cpfleger
{image}
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Pip Student
  • #9,503
  • Sep 8, 2023 12:19pm Sep 8, 2023 12:19pm
Quoting niks
positive swaps are addictive! also be aware that to make up for the weekend, currency pairs are charged TRIPLE swap on wednesday rollover and fridays for crypto... {image}
I did not know that Niks. Thanks!


Just checked and my TPs on USDJPY were hit about 50 minutes ago for 123.2 pips:
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Good weekend to all!
  • #9,504
  • Sep 8, 2023 12:33pm Sep 8, 2023 12:33pm
Quoting Donny3rd
{quote} I did not know that Niks. Thanks! Just checked and my TPs on USDJPY were hit about 50 minutes ago for 123.2 pips: {image} Good weekend to all!
Great job!, have a great week end, Donny and everyone
without patience how can you be a trader?
  • #9,505
  • Sep 9, 2023 3:24pm Sep 9, 2023 3:24pm
Forgot to mention, I'm adding something new to my practice trades. I'm implementing compounding sooner. Since I can and am trading in nano lots, I can change entry amount based on 0.001 units per $100 instead of 0.01 per $1000.

So my entry averaging structure for, lets say, a $1200 account would be:

1st entry 0.01201
2nd entry 0.01202 etc.

It'd stay 0.012xx until the account balance crosses $1300. Then the structure would obviously be:

1st entry 0.01301
2nd entry 0.01302 etc.

I did this starting with my September trades. So hopefully my report curve will reflect a quicker compounding curve sooner. It'll be interesting to see 3 months of static entries and then compounding entries. Especially since it technically wasn't compounding at all yet.

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  • #9,506
  • Sep 9, 2023 4:38pm Sep 9, 2023 4:38pm
Quoting Donny3rd
Forgot to mention, I'm adding something new to my practice trades. I'm implementing compounding sooner. Since I can and am trading in nano lots, I can change entry amount based on 0.001 units per $100 instead of 0.01 per $1000. So my entry averaging structure for, lets say, a $1200 account would be: 1st entry 0.01201 2nd entry 0.01202 etc. It'd stay 0.012xx until the account balance crosses $1300. Then the structure would obviously be: 1st entry 0.01301 2nd entry 0.01302 etc. I did this starting with my September trades. So hopefully my report curve...
That's a great idea @Donny3rd, let us know how it all goes

Compounding is the most powerful force in the world, and yet it's usually overlooked/missunderstood.
  • #9,507
  • Sep 10, 2023 1:19am Sep 10, 2023 1:19am
M1 BTC scalps - from yesterday, very little on offer, but that is still no reason not to take it!
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every minute matters!
  • #9,508
  • Sep 10, 2023 8:18am Sep 10, 2023 8:18am
Quoting ForexTradey
Hello all, I have been following this thread for a few weeks and going through the several hundred pages (currently on 200 something) as well as watching the youtube videos from KOF, is anyone currently trading this system and being consistent with it? This seems like quite an aggressive trading strategy when I see KOF trading and opening several of the same position, it worries me to think if the markets take a turn this will quickly blow your profits/account, I see his main goal is to counter trend and buy/sell when price moves away from the MA...
I have been following and have also watched KOFs youtube clips. Definitely nothing is 100% and it can ALL turn against you. Anyone trading for years knows this.
If you pay attention in one KOF clip he run out of margin on a 100k account, now that is not a way to trade, that is gambling.
You need to have a plan before you get in this type of situation with real money. Not just add with the belief that "it has to" return to the mean.
Adding to a position just with the idea that it will sooner or later return is a disaster waiting to happen, and it will happen 100% sooner or later.
But "averaging" your position and having a complete plan, when to add, when to cut your lose, how to cut your lose, when to take profit is the way to trade this type of system. You have to take this concept and make it your own.
Good luck with your plan!
Those who don't believe in magic will never find it
  • #9,509
  • Sep 10, 2023 9:23am Sep 10, 2023 9:23am
knowledge of a strategy is not enough - one must also learn to trust the strategy and trust their ability to trade that strategy, the basic ema strategy is just that, an introduction to the complete strategy - KoF can trade it live because he trusts his ability to do so, it is not recommended that it be adopted as a standalone strategy...

trust is the only way to achieve mastery over the subconscious, allowing trading decisions to be based upon market related analysis rather than subconscious fear - being decisive is more important than being right...

advanced trading involves simplification - less analysis and more intuition and trust, successful scalping requires decisiveness - decisiveness requires simplicity...
every minute matters!
  • #9,510
  • Sep 10, 2023 2:26pm Sep 10, 2023 2:26pm
The price ALWAYS returns to the averages, that makes me 100% calm about what I do, what you don't know is when it will do it, or how it will do it, but it always comes back. The important thing to manage these counter-movements is to look at higher times, open operations at specific points and manage them very well, so you will always win no matter what happens.
  • #9,511
  • Sep 10, 2023 8:03pm Sep 10, 2023 8:03pm
price returning to the mean is a guide, the strategy is driven by price action!

yesterdays BTC countertrend scalps off support levels, targeting resistance...
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every minute matters!
  • #9,512
  • Sep 10, 2023 9:49pm Sep 10, 2023 9:49pm
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  • #9,513
  • Sep 11, 2023 12:08am Sep 11, 2023 12:08am
Hello all been reading for the last few days and chewing through the pages. A question to those trading is there enough price action during the Asian / Aussie session to trade or as with most better during UK /US. I live in New Zealand and battle staying up for the US session at my age

Cheer G
  • #9,514
  • Sep 11, 2023 12:27am Sep 11, 2023 12:27am
M1 AUD countertrend scalp - long off support, targeting resistance!
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Quoting forexgrh
Hello all been reading for the last few days and chewing through the pages. A question to those trading is there enough price action during the Asian / Aussie session to trade or as with most better during UK /US. I live in New Zealand and battle staying up for the US session at my age Cheer G
there is less volatility so trades generally take longer to hit targets, but price action setups can still be found, big news events during these sessions also helps
every minute matters!
  • #9,515
  • Sep 11, 2023 1:40am Sep 11, 2023 1:40am
M1 AUD countertrend scalps - long off support, targeting resistance, with extra confidence this time!
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every minute matters!
  • #9,516
  • Sep 11, 2023 2:24am Sep 11, 2023 2:24am
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I haven't come this far to only come this far !
  • #9,517
  • Sep 11, 2023 2:33am Sep 11, 2023 2:33am
M1 AUD countertrend scalps - long off support, targeting a break of resistance this time as shorts are squeezed out!
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every minute matters!
  • #9,518
  • Sep 11, 2023 2:50am Sep 11, 2023 2:50am
Quoting Amiraven
{image}
looking good amiraven, ema200 is a good target after the break below ema50 held, hope you catch it, good luck!
every minute matters!
  • #9,519
  • Sep 11, 2023 3:08am Sep 11, 2023 3:08am
Quoting niks
{quote} looking good amiraven, ema200 is a good target after the break below ema50 held, hope you catch it, good luck!
yes , hit the target but still going down..
Thank you niks !
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I haven't come this far to only come this far !
  • #9,520
  • Sep 11, 2023 4:52am Sep 11, 2023 4:52am
Quoting forexgrh
Hello all been reading for the last few days and chewing through the pages. A question to those trading is there enough price action during the Asian / Aussie session to trade or as with most better during UK /US. I live in New Zealand and battle staying up for the US session at my age Cheer G
hi there I live and trade in Australia, so to answer your question, yes there is enough price movement to trade the KOF Countertrend strategy, as long as you trade the currencies that are relevant to Asia - i.e. AUD JPY NZD SGD CNH. My best pairs for Asia are (in no order of importance) AUDJPY AUDUSD USDJPY EURJPY NZDJPY SGDJPY USDCNH XAUUSD, that should be enough! Just don't expect pairs like USDCAD EURCHF EURGBP USDCHF etc to move much during Asia...
We don't see things as they are - we see things as we are.
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