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M1 Countertrend Scalping Strategy

  • #9,781
  • Oct 3, 2023 6:52am Oct 3, 2023 6:52am
yes yes of course, Niks is a professional, I studied all his pictures, I just don't understand how he knows where the price will reach, when is the best time to close the trade
  • #9,782
  • Oct 3, 2023 8:13am Oct 3, 2023 8:13am
Quoting Juki55
yes yes of course, Niks is a professional, I studied all his pictures, I just don't understand how he knows where the price will reach, when is the best time to close the trade
hello juki, welcome and i'm glad to hear you find value in what we share!

ema's are just a guide, INITIALLY aim for whichever will provide the most profit in the quickest time, but that can change for better or worse as price moves on and the initial analysis is no longer valid, a better and more fixed target to aim for are support and resistance levels, knowing exactly when to exit WILL come with experience, knowing that you will never get it exactly right is the important part...

however, to quote KoF, always remember and reaffirm to yourself:

"don't rush it, stick to one entry at each level, keep it light at first, then you will become more advanced, keep your distance between your orders, aim for it when you gain more experience, but do don't do it when you are starting out, start lightly, then you will move to the advanced stage - learn exactly when to enter and when to close, never be afraid, trust yourself and trust your trading strategy, if you don't have trust you will never win, ok"
every minute matters!
  • #9,783
  • Oct 3, 2023 9:20am Oct 3, 2023 9:20am
Some NASTEC pippage
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  • #9,784
  • Oct 3, 2023 9:26am Oct 3, 2023 9:26am
A successful Demo week.
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  • #9,785
  • Oct 3, 2023 11:02am Oct 3, 2023 11:02am
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I haven't come this far to only come this far !
  • #9,786
  • Oct 3, 2023 5:49pm Oct 3, 2023 5:49pm
for those that say we never post the bad trades
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  • #9,787
  • Oct 3, 2023 9:15pm Oct 3, 2023 9:15pm
Quoting josh1111
A successful Demo week. {image} {image}
great effort josh, wishing you many more successful weeks to come!

Quoting rodney204
for those that say we never post the bad trades {image}
thanks for sharing rodney, in hindsight, it was obviously a tough trend possibly fueled by a big news event - it is always a tough lesson learning when NOT to countertrend - my advice based on what helped me during my development is to open a notepad and take notes, detailed notes in real time - why did you enter, and then enter again, did you consider you might be wrong and what actions to take if you were, why did you close your trades at a loss, what were your plans to recover that loss, did you consider reversing positions, do you have hedging capabilities etc... and then after the trade ends, apply some vigorous post trade analysis as if you are an expert outsider looking in and analysing your performance!
every minute matters!
  • #9,788
  • Oct 3, 2023 9:20pm Oct 3, 2023 9:20pm
Quoting Amiraven
{image}
hi amiraven, i was wondering, was this a trend trade?
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every minute matters!
  • #9,789
  • Oct 3, 2023 11:34pm Oct 3, 2023 11:34pm
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  • #9,790
  • Oct 3, 2023 11:48pm Oct 3, 2023 11:48pm
Quoting Juki55
{image}
excellent, very nice entries picking the bottom and exits in the third and toughest resistance zone between ema50 and ema200...

as a tip on maximising profits, it is clear there were four very recent touches of ema200 and that the break of support where your entries lie had failed, so in that case i would of targeted a return to ema200 which also lies at the base of a price action resistance level...
every minute matters!
  • #9,791
  • Oct 4, 2023 1:05am Oct 4, 2023 1:05am
Quoting niks
{quote} hi amiraven, i was wondering, was this a trend trade? {image}
Hi Niks , yes it was !
I haven't come this far to only come this far !
  • #9,792
  • Oct 4, 2023 2:09am Oct 4, 2023 2:09am
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I haven't come this far to only come this far !
  • #9,793
  • Oct 4, 2023 2:26am Oct 4, 2023 2:26am
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I haven't come this far to only come this far !
  • #9,794
  • Oct 4, 2023 3:43am Oct 4, 2023 3:43am
Drawdown management !

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I haven't come this far to only come this far !
  • #9,795
  • Oct 4, 2023 6:55am Oct 4, 2023 6:55am
Quoting Amiraven
Drawdown management ! {image} {image}
you nailed the exit spot on, and ended in a profit, very well done!!!
every minute matters!
  • #9,796
  • Oct 4, 2023 7:19am Oct 4, 2023 7:19am
KoF strategy is no nonsense, simple as that - no useless MT4 trash indicators and rules that NEVER work in the long run, only intuition and skill makes it profitable - it's obvious to see those who have not achieved this level of confidence or success simply because they will never settle on one system constantly searching for something better and better...

they cannot face their own lack of trading ability and refuse to work on themselves instead they boast about the latest future innovation they have just discovered or invented, yeah right!!!
every minute matters!
  • #9,797
  • Oct 4, 2023 8:29am Oct 4, 2023 8:29am
awesome strategy thank you thank you
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  • #9,798
  • Oct 4, 2023 9:20am Oct 4, 2023 9:20am
Very choppy Wednesday. Took some losses but got it back up to my goal of 2% return for the day.
I'm done for today.
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  • #9,799
  • Oct 4, 2023 4:49pm Oct 4, 2023 4:49pm
Quoting niks
{quote} great effort josh, wishing you many more successful weeks to come! {quote} thanks for sharing rodney, in hindsight, it was obviously a tough trend possibly fueled by a big news event - it is always a tough lesson learning when NOT to countertrend - my advice based on what helped me during my development is to open a notepad and take notes, detailed notes in real time - why did you enter, and then enter again, did you consider you might be wrong and what actions to take if you were, why did you close your trades at a loss, what were your...
thanks niks, much appreciated advice! i've done the hedging thing a few times but decided to go back to basics cos i'm new to this game (and obv stuffed it up). at the moment i have a hard stoploss that i decide beforehand and i don't adjust it. once i get a better feel i'll go back to more advanced things like your hedge/unhedge method as i call it. i'm recording all my trades with their indicator values so i can go back and analyse. on holiday with the whole fam damily at the moment so not trading much but i'll definitely have some analysis to do when i get back.

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  • #9,800
  • Oct 5, 2023 12:10am Oct 5, 2023 12:10am
Quoting rodney204
{quote} thanks niks, much appreciated advice! i've done the hedging thing a few times but decided to go back to basics cos i'm new to this game (and obv stuffed it up). at the moment i have a hard stoploss that i decide beforehand and i don't adjust it. once i get a better feel i'll go back to more advanced things like your hedge/unhedge method as i call it. i'm recording all my trades with their indicator values so i can go back and analyse. on holiday with the whole fam damily at the moment so not trading much but i'll definitely have some analysis...
it's my pleasure rodney, your approach towards improvement is perfect, take it one step at a time, master the basics before moving on, continually review and experiment with advanced material so you fully understand it once you are ready to use it, you're off to a flying start and should do very well, best of luck to you!
every minute matters!
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