M1 BTC countertrend scalps - couldn't resist the shorts off resistance targeting minor support for quick profits as the range continued! {image}
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
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- Sep 17, 2023 8:21pm Sep 17, 2023 8:21pm
- Joined Sep 2013 | Status: Member | 17,916 Posts | Online Now
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- Sep 17, 2023 10:36pm Sep 17, 2023 10:36pm
{quote} Again well done Niks , a real weekend warrior
- Post #9,623
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- Sep 18, 2023 2:11am Sep 18, 2023 2:11am
M1 EUR trend scalps - attempt at KoF 1%
riding the trend - the first session of the week typically provides nice trends to ride, so thought i'd give it a go!
entered long anticipating uptrend as midline becomes support and break above ema200 holds - resistance was encountered and price dropped below ema200 so cautiously entered two more orders at support levels
price bounced around in a range for a bit until it finally broke higher where a second set of orders were entered
they also encountered resistance but only down to a higher support level so added one more order - all i could see
now were two prime resistance levels waiting to be broken!
the first resistance area broke and almost reached targets then stalled for a bit, so a final order was entered - then a
pullback ran deep breaking the lower keltner channel, but as with the previous break where the second last order was entered, i anticipated a bounce back to the upper channel for a third push higher but there was also caution as this is now a complex pullback within a downtrend which may continue the downtrend...
after struggling to break the midline resistance one last time, price makes a third push higher taking out the major
resistance and then finally moves onto targets!!!
should of kept riding it!
riding the trend - the first session of the week typically provides nice trends to ride, so thought i'd give it a go!
entered long anticipating uptrend as midline becomes support and break above ema200 holds - resistance was encountered and price dropped below ema200 so cautiously entered two more orders at support levels
price bounced around in a range for a bit until it finally broke higher where a second set of orders were entered
they also encountered resistance but only down to a higher support level so added one more order - all i could see
now were two prime resistance levels waiting to be broken!
the first resistance area broke and almost reached targets then stalled for a bit, so a final order was entered - then a
pullback ran deep breaking the lower keltner channel, but as with the previous break where the second last order was entered, i anticipated a bounce back to the upper channel for a third push higher but there was also caution as this is now a complex pullback within a downtrend which may continue the downtrend...
after struggling to break the midline resistance one last time, price makes a third push higher taking out the major
resistance and then finally moves onto targets!!!
should of kept riding it!
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- Edited 4:43am Sep 18, 2023 4:29am | Edited 4:43am
I haven't come this far to only come this far !
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- Sep 18, 2023 5:51am Sep 18, 2023 5:51am
M1 GBP countertrend scalps - now that was a trend i should of followed!
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- Sep 18, 2023 8:27am Sep 18, 2023 8:27am
I haven't come this far to only come this far !
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- Sep 18, 2023 9:02am Sep 18, 2023 9:02am
I haven't come this far to only come this far !
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- Sep 18, 2023 9:31am Sep 18, 2023 9:31am
I haven't come this far to only come this far !
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- Sep 18, 2023 10:10am Sep 18, 2023 10:10am
M1 EUR countertrend scalps - an alternative view using a keltner channel...
once price touches the upper channel into an area of price action resistance, its a good time to sell, i entered very late but the trade was still wholesale, so started entering short on the break of the midline resistance back up to price action
resistance which held and pushed price back down to lower channel where targets were set!
once price touches the upper channel into an area of price action resistance, its a good time to sell, i entered very late but the trade was still wholesale, so started entering short on the break of the midline resistance back up to price action
resistance which held and pushed price back down to lower channel where targets were set!
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- Sep 18, 2023 12:05pm Sep 18, 2023 12:05pm
M1 GBP countertrend scalps - fool me once, shame on you!
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- Sep 18, 2023 2:37pm Sep 18, 2023 2:37pm
I haven't come this far to only come this far !
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- Sep 18, 2023 5:58pm Sep 18, 2023 5:58pm
- Joined Aug 2010 | Status: Member | 159 Posts
M1 EUR countertrend scalps - an alternative view using a keltner channel... once price touches the upper channel into an area of price action resistance, its a good time to sell, i entered very late but the trade was still wholesale, so started entering short on the break of the midline resistance back up to price action resistance which held and pushed price back down to lower channel where targets were set! {image} {image} {image}
thanks again
We don't see things as they are; we see things as we are. MantisClaw
- Post #9,634
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- Sep 18, 2023 9:37pm Sep 18, 2023 9:37pm
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...
That's why I watch both at the same time.
AUDJPY TPs from last week got hit around 11-12 hours ago. Just now checked. 108.6 pips:
LOL I'm a $0.28 away from the next compounding level of trading 0.013 lots. Close enough.
- Post #9,635
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- Edited 10:12pm Sep 18, 2023 10:02pm | Edited 10:12pm
{quote} hi niks thanks for sharing the keltner channel charts, they print very similar to the Bollinger Bands 2.0 standard deviations, except I notice the keltner outer channels react slightly differently, but the concept is basically the same, illustrating price deviation from and subsequent return to the mean. Certainly having fewer moving averages on the charts means we can see price action more clearly, without wiggly lines getting in the way
That's why I watch both at the same time. AUDJPY TPs from last week got hit around 11-12 hours ago. Just now checked. 108.6 pips: {image} LOL I'm a $0.28 away from the next compounding level of trading 0.013 lots. Close enough.
{image}
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- Sep 19, 2023 1:58am Sep 19, 2023 1:58am
M1 GBP countertrend scalps - boosted with positive slippage!
- Post #9,637
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- Sep 19, 2023 3:04am Sep 19, 2023 3:04am
M1 GBP countertrend scalps - should of double dipped a bit deeper!
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- Sep 19, 2023 4:39am Sep 19, 2023 4:39am
I haven't come this far to only come this far !