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M1 Countertrend Scalping Strategy

  • #9,681
  • Sep 22, 2023 3:01am Sep 22, 2023 3:01am
Quoting Amiraven
{quote} {image}
i saw that coming, WELL DONE!!!
every minute matters!
  • #9,682
  • Sep 22, 2023 7:39am Sep 22, 2023 7:39am
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I haven't come this far to only come this far !
  • #9,683
  • Sep 22, 2023 8:38am Sep 22, 2023 8:38am
Quoting Amiraven
{image}
in true countertrend style, thanks for the lead amiraven!
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every minute matters!
  • #9,684
  • Sep 22, 2023 8:49am Sep 22, 2023 8:49am
Quoting niks
{quote} in true countertrend style, thanks for the lead amiraven! {image}
Thank you niks !
Attached Image (click to enlarge)
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I haven't come this far to only come this far !
  • #9,685
  • Sep 22, 2023 11:58am Sep 22, 2023 11:58am
Quoting Amiraven
{image}
Hi amir

Do you find any way to control big losses?

Best wishes
  • #9,686
  • Sep 22, 2023 12:57pm Sep 22, 2023 12:57pm
Quoting korosh1350
{quote} Hi amir Do you find any way to control big losses? Best wishes
Hi Korosh,

Big drawdowns are inevitable in this strategy, but I think it's manageable and there might be a chance to prevent big losses.(nothing is certain!)
Understanding the price action had a huge impact on my timing and it's all about timing ! that's why I prefer normal candlesticks and plain charts.

Good luck,
I haven't come this far to only come this far !
  • #9,687
  • Sep 23, 2023 6:54pm Sep 23, 2023 6:54pm
Superb @Amiraven:

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Trading should be 100% fearless like this.
  • #9,688
  • Sep 23, 2023 7:32pm Sep 23, 2023 7:32pm
Quoting Abade
Superb @Amiraven: {image} {image} Trading should be 100% fearless like this.
agreed the guys are killing it big time!
without patience how can you be a trader?
  • #9,689
  • Sep 24, 2023 9:26pm Sep 24, 2023 9:26pm
came across this shallow but honest review of KoF -

https://theforexgeek.com/king-of-forex-review/

but the website did have some useful information i was looking for on tick charts and range bars

https://theforexgeek.com/tick-charts-vs-range-bars/

as well as keltner channel information

https://theforexgeek.com/?s=keltner

you can setup your own tick charts in MT5 starting from here

https://www.mql5.com/en/articles/60
every minute matters!
  • #9,690
  • Sep 25, 2023 12:49am Sep 25, 2023 12:49am
weekend BTC trades...
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plus a quick scalp earlier today!
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every minute matters!
  • #9,691
  • Sep 25, 2023 1:21am Sep 25, 2023 1:21am
M1 GBP countertrend scalp - getting warmed up!
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every minute matters!
  • #9,692
  • Sep 25, 2023 1:46am Sep 25, 2023 1:46am
M1 EUR countertrend scalp - warm up is over, time to take action!
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every minute matters!
  • #9,693
  • Sep 25, 2023 2:21am Sep 25, 2023 2:21am
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I haven't come this far to only come this far !
  • #9,694
  • Sep 25, 2023 3:17am Sep 25, 2023 3:17am
Quoting Amiraven
{image}
excellent, picked the top with precision!

i was not so precise...

M1 GBP countertrend scalps, action was taken, profits were made!
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every minute matters!
  • #9,695
  • Sep 25, 2023 4:41am Sep 25, 2023 4:41am
M1 GBP trend scalps - catching the end of the trend!
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every minute matters!
  • #9,696
  • Sep 25, 2023 4:45am Sep 25, 2023 4:45am
M1 BTC countertrend scalps - entry on resistance, targeting support!
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every minute matters!
  • #9,697
  • Sep 25, 2023 5:59am Sep 25, 2023 5:59am
hi all! i've finally finished reading through this entire thread. it's taken a few months because i'm a real newbie so had to do lots of research along the way. discovered my love for trading a few months ago and luckily found this thread around May! still struggling with lots of the basic things like times of market sessions. lol

Thanks you absolute legends for all the work and thought you've put into these strategies! cpfleger, Niks, Abade, Josh, Donny! when I grow up I hope to be half as good as you guys.

Here's what's happening today:

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  • #9,698
  • Sep 25, 2023 7:55am Sep 25, 2023 7:55am
Quoting rodney204
hi all! i've finally finished reading through this entire thread. it's taken a few months because i'm a real newbie so had to do lots of research along the way. discovered my love for trading a few months ago and luckily found this thread around May! still struggling with lots of the basic things like times of market sessions. lol Thanks you absolute legends for all the work and thought you've put into these strategies! cpfleger, Niks, Abade, Josh, Donny! when I grow up I hope to be half as good as you guys. Here's what's happening today: {image}...
hi rodney, with a start like this, you'll be twice as good when you grow up! you have absorbed everything you studied very well as it shows in your trades, congratulations for starting on the right path and wishing you the best success on your journey!
every minute matters!
  • #9,699
  • Sep 25, 2023 7:59am Sep 25, 2023 7:59am
M1 GBP countertrend scalps
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following through with trend scalps!
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every minute matters!
  • #9,700
  • Sep 25, 2023 8:11am Sep 25, 2023 8:11am
hi niks! thanks for the warm welcome! i never realised how much fun trading could be, especially counter-trend scalping - the danger is part of the fun I reckon, going into terrifying drawdown is quite something.

quick question, I've noticed you quite often exit trades earlier than the rest of the batch, like in the first bunch of trades in your screenprint above when price crossed the 200. why do you do that?
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