M1 Countertrend Scalping Strategy

Thanks for all your input. Where did you get your Trade Panel?

M1 BTC trades - timing and patience!

M1 XAU trade - cheap gold pays off!

M1 AUD countertrend scalps- warming up!

Hi niks,

Excellent work, keep doing!

Could you please share your setup, they are EMAs or SMAs and their values?

Thanks

hi leo, thank you and i will keep doing!

it is a very simple setup as described on the first page - there are four EMA's on the main chart with values 9, 20, 50 and 200 and a single EMA 20 on the volume sub window...

M1 GBP countertrend scalps - one point double top saves the day!

excellent trades amiraven, the basic ema strategy just works!

M1 GBP countertrend scalps

M1 GBP countertrend scalps- it works well enough to trust after much practice combined with discipline and patience!

M1 GBP countertrend scalps - so as long as it keeps working, i'll keep using it!

M1 GBP countertrend scalps - that's gotta be a pound of pips by now!

M1 EUR countertrend scalps - tracking ema200 for targets

entered short on ema9 overextension as price moved up then stalled forming resistance targeting ema200, as price moves on, but so does ema200 and there is buying pressure on the way down to targets, so targets were adjusted to ensure quick profits!

M1 EUR countertrend scalps - drawdown drama!

not entering into tough trends is one way to minimise drawdown or loss, but they are inevitable in an uncertain market and getting caught in one is the ultimate test of trust in the strategy and my ability to execute it - it is the toughest challenge in the strategy to overcome - each drawdown is unique and must be handled accordingly...

this drawdown occurred as a result of moving initial targets - price then reached initial targets but missed revised targets and entered into drawdown - a wrong decision but potentially offering unseen opportunities!



i'll analyse the reason for moving targets later to remain focused on this recovery... first and foremost remain calm!

once it was clear that support had broken and a downtrend was imminent i stopped entering orders but also had no intention of reverse hedging on the basis that i am just dealing with a wider sideways range than anticipated waiting for it to bottom out, plus margin was safe, so then started entering a second set of orders once i felt the bottom was reached taking profits on the lower half of the now wider range...




the final three orders were backed up by a nice double bottom and massive ema9 overextension, all i need now is a nice strong break back above ema200 to hold and then through resistance into targets to get out of this drawdown, waiting and watching...

the break above ema200 takes more profits but also encounters strong resistance almost pushing back down to ema200 and below the second set of orders, but it bounces off ema50 and continues back up fighting to break resistance...

the middle layer of resistance is broken providing an easy path to final targets and my way out of this drawdown!!!

i can be lazy and uncommitted and just take a loss, or i can thrive on the challenge and do whatever it takes to get out of it and minimise future occurrences, the choice is mine to make... that's the reality of trading!

M1 EUR countertrend scalp - zero drawdown, always nice!

you are looking lonely here niks, here's some trades. thanks for all your posts please keep it up

cheeky little one off the BB


Nice volatility on the EU


left some yen on the table but hey!


some cheeze

going for a baby one

50 still looking good

thanks eu!

same trade with a later entry and waiting for the ha to show a tail

lets see what happens