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M1 Countertrend Scalping Strategy

  • #9,601
  • Sep 15, 2023 7:13am Sep 15, 2023 7:13am
Quoting niks
M1 AUD countertrend "scalps"! {image}
so please if You can show me post with similar number of entrys and massive DD if this trend would not change dirrection ? i would like to se in witch point you kill this trades / have some stoploss etc to understand this strategy better?
i searched many pages and did no found ?
  • #9,602
  • Sep 15, 2023 7:15am Sep 15, 2023 7:15am
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I haven't come this far to only come this far !
  • #9,603
  • Sep 15, 2023 7:44am Sep 15, 2023 7:44am
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I haven't come this far to only come this far !
  • #9,604
  • Sep 15, 2023 8:10am Sep 15, 2023 8:10am
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I haven't come this far to only come this far !
  • #9,605
  • Sep 15, 2023 8:14am Sep 15, 2023 8:14am
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I haven't come this far to only come this far !
  • #9,606
  • Sep 15, 2023 8:51am Sep 15, 2023 8:51am
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I haven't come this far to only come this far !
  • #9,607
  • Sep 15, 2023 8:51am Sep 15, 2023 8:51am
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I haven't come this far to only come this far !
  • #9,608
  • Sep 15, 2023 9:21am Sep 15, 2023 9:21am
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  • #9,609
  • Sep 15, 2023 9:31am Sep 15, 2023 9:31am
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I haven't come this far to only come this far !
  • #9,610
  • Sep 15, 2023 9:31am Sep 15, 2023 9:31am
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I haven't come this far to only come this far !
  • #9,611
  • Sep 15, 2023 9:32am Sep 15, 2023 9:32am
Quoting d00lar
{quote} so please if You can show me post with similar number of entrys and massive DD if this trend would not change dirrection ? i would like to se in witch point you kill this trades / have some stoploss etc to understand this strategy better? i searched many pages and did no found ?
you can see my posts describing where i place stop losses during the time i used them, simply click on my name and search for "stop loss"

you can also see my posts describing how i manage drawdowns, just search for "drawdown"

i now use hedging to manage drawdown risk, you can see those posts by searching for "hedge" and "hedging"

you will understand how to manage risk by following KoF and reading this entire thread, not just from my posts, but you will only LEARN how to manage risk by doing it for yourself, then you will have the ability to answer your own questions...
every minute matters!
  • #9,612
  • Sep 15, 2023 11:41am Sep 15, 2023 11:41am
Quoting niks
{quote}
best of luck with it mate, it's not your first rodeo now is it!
Thanks Niks. Definitely not the first LOL
  • #9,613
  • Sep 15, 2023 4:22pm Sep 15, 2023 4:22pm
Weekend warrior it is.

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Enjoy the last weekend of the summer everyone!
  • #9,614
  • Edited Sep 16, 2023 12:55am Sep 15, 2023 6:13pm | Edited Sep 16, 2023 12:55am
Quoting xinitial
I attach a summary of the Naked Chart that I saved and read over and over again. Hope this helps friends here who are still confused. Template and indicator attached on the page 326. xinitial. {file}
Thanks for generating this document. Continuing with my background reading and review until it becomes second nature. Cheers.
  • #9,615
  • Sep 15, 2023 6:36pm Sep 15, 2023 6:36pm
Quoting Ronin-
{quote} Thanks for generating this document. Doing my background reading and review until it become second nature. Cheers.
You are welcome, I hope it help you to drain the bank
xinitial.
  • #9,616
  • Sep 17, 2023 8:02am Sep 17, 2023 8:02am
Quoting Amiraven
{quote} Honestly, I am at a loss for words ,but it is a great honor for me to be compared to professional traders such as Niks and Abade !!! The way that niks trades always surprises me ,challenges me, makes me to think differently ! and I believe this is the most important activity here in this thread: to think differently. He is a humble genius who made me understand not only KoF strategy but "trading" in a different level. I don't consider myself as a trader who has any expertise but maybe it's worth mentioning that it took more that 7 hours...
it's a fact that those who take action are a rare breed of people and you are one of those people!

i am sincerely grateful for your gratitude and extremely kind words amiraven, sharing ideas and thinking differently is the highest value activity in this thread and you are a major contributor of those idea's from which many others are deriving inspiration...

anyway, they say finding your edge is just the beginning, maintaining it is the hard part!
every minute matters!
  • #9,617
  • Sep 17, 2023 8:28am Sep 17, 2023 8:28am
another useful guide for learning to read price action in addition to ema's is a keltner channel

https://www.mql5.com/en/code/16740
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however. the most important rule is to feel the emotion, not just see price - if you subscribe to the market price being controlled by forces other than traders making trading decisions, then this rule will not work for you...
every minute matters!
  • #9,618
  • Sep 17, 2023 8:44am Sep 17, 2023 8:44am
weekend BTC trades - warming up for the week ahead with a bounty of pips!
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the big picture...
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long on the dips off support, targeting resistance in a tight range...
every minute matters!
  • #9,619
  • Sep 17, 2023 6:02pm Sep 17, 2023 6:02pm
M1 BTC countertrend scalps - couldn't resist the shorts off resistance targeting minor support for quick profits as the range continued!
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every minute matters!
  • #9,620
  • Sep 17, 2023 6:37pm Sep 17, 2023 6:37pm
however. the most important rule is to feel the emotion, not just see price - if you subscribe to the market price being controlled by forces other than traders making trading decisions, then this rule will not work for you...[/quote]

"feel the emotion, not just see price" - there, right there... that's the secret sauce, being able to read price action, but more importantly understand the narrative behind the candlesticks. For me, the candlesticks themselves offer us so much information regarding momentum, buyers or sellers commitment, fading interest, etc that heiken ashi just covers up and hides.
We don't see things as they are - we see things as we are.
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