M1 Countertrend Scalping Strategy

g'day giyani, it is not an indicator, it is the MT5 apple mobile app making it automatically...

M1 EUR countertrend scalps - big news, big pips, Pure Profit Intake!

M1 AUD countertrend scalps - M1 provides the quickest profits with the lowest risk, why wait all day for just a few pips!

M1 AUD countertrend scalps - one instrument a day keeps the debt collectors away!

M1 AUD countertrend scalps - trading takes time and energy, use it wisely!

early on in my trading development, so much time and energy was spent on analysis OUTSIDE of a trade that once i ENTERED the trade there was no energy left to review my initial analysis and manage the running trade accordingly, instead relying on my now very outdated analysis to make the trade successful and always wondered why i'm not being rewarded for all my hard work!

watching and analysing indicators or working on ea's all day long is one example where time and energy could be better spent...

it was because my time and energy was focused on the wrong area, always working harder rather than smarter - now, i will only enter a trade starting with a blank slate fully refreshed and committed and start focusing all my time and energy on managing the trade through to completion!

M1 AUD countertrend scalps - waiting for the right moment!

an overextension of ema9 or keltner channel is a good time to enter, the bigger the better...
ema50, 200 or the opposing keltner channel are always good targets in these cases!

that is some real masterful trading amiraven, the complete trading skillset on display!!! congratulations for your profits, well done!

Thank you Niks !
I can't trade like this one on a regular basis , it happens rarely !

KoF LIVE 1% right now...

and that is fine amiraven, it is very hard work to begin with, but you WILL get used to it and once you do, you won't be able to stop yourself!!!

I am watching the full KOF Youtube GBPUSD countertrend video, taking notes and screenshots... at the highest price he bought 10L at around 1.2270, and kept buying multiple lots as price dropped 100 pips... that would wipe out most people's accounts. Did he only countertrend because he doesn't do the 1% method for Youtube?

So my question is, is his full EMA strategy that he sells on his website worth it?

(Disclaimer, I sold GU all the way down, and I'm now out of all my shorts. KOF is still 100P in the red with many many lots...)

Posting this with respect and out of curiosity to understand this method better.

just skimmed through it, yes, adverse moves like this against his trades are because he will only trade the basic ema strategy live and he openly claims that his weapons are limited and the full ema strategy has everything covered - i have yet to see it in action live...

however, he also claims he does trade the full strategy live for members only, so unless someone has actually sat through one of his daily trading sessions, which i have not, it is difficult for me to criticise his free live performance...

it should be obvious though to anyone following that it is very risky due to his "limited" ability on his free live streams so why anybody would blindly follow with real money despite his success rate is beyond me...

whether or not his course is worth it is dependent on the value you get out of it, i have not seen it so can't comment...

his profits are certainly not reflective of the capital and leverage his target audience can trade with but his strategy is solid, he has also openly admitted that the basic ema strategy he trades live for free can easily blow your account...

his dedication, commitment and skills are unquestionable, and he always cautions against being as aggressive as he is with entries. in this case, the consolidation he was waiting for took many hours, it happens - was it the right choice to countertrend in this market, obviously not in hindsight, but he was already committed and stayed the course, that's what i admire most...

you may have missed it but he did close all his trades in profit, and provided valid short term profit targets for those wanting or needing to to hang on a bit longer, the problem is, not everyone would have made the same entries he did to end in profit where he did, trading is full of risk so trader beware!

[quote=niks;14615616]{quote} just skimmed through it, yes, adverse moves like this against his trades are because he will only trade the basic ema strategy live and he openly claims that his weapons are limited and the full ema strategy has everything covered - i have yet to see it in action live... however, he also claims he does trade the full strategy live for members only, so unless someone has actually sat through one of his daily trading sessions, which i have not, it is difficult for me to criticise his free live performance...

hey niks yes I agree with all you say here, and it's becoming more obvious that he witholds his 'with trend' methods for his paying customers, making them feel special... in reality the only 'limited ability' is his decision not to demonstrate it free on youtube...

I am generally very positive about his methods, there is so much I can improve on in my own trading as a result of learning from KOF. As you say, he would not normally trade that GU move in that way, but he had already started his live stream after the US news. My only observation/criticism would be that with USD strength as it has been (for a while now), and it was clear it was continuing being strong, would he have been better off closing all his trades earlier - there was a point in the video where GU was sitting around 1.2215, and he was up around $2500-ish - harry hindsight at work here maybe...?!

I have read his psychology book, and while there's nothing new in it in terms of psychological methods, It's good to see them applied to the trading arena. He has encouraged me to find my own style and trust my ability to 'feel' the markets, which I realize now is the only thing really holding me back. I have the skills, I have the experience, I can read candlestick price action really well, and it's rhythm, tempo, momentum, I just have to act when my gut instinct tells me 'Now!'.

The journey continues..............................

his methods provide a very high positive expectancy unlike any other which is why they work - it is all about framing the right mindset to trade this way - following your gut instinct requires two things, trust in the strategy, and trust in your ability to execute it, as KoF says, without trust, you will never win - it takes lots of time and much practice to build that trust within yourself, so as long as you keep working on it, you will get there sonicvista!

he makes bold claims which on the surface seem outrageous, "everything outside my website is pure nonsense", "i am the best forex trader in the world, the top 1%", "i have traded hundreds of millions of dollars to make more hundreds of millions of dollars in the end of my career", but in reality, MIGHT actually be TRUE!!!

i don't think anyone will ever know...

but one thing i do know is that this would never have been possible for me without him, so i am grateful for that...


bugger, should of held longer!

He always says that this is not about keep buying and buying ..., but yesterday on GBP/USD he kept buying and buying without any consideration !!! causing a huge drawdown which was unnecessary in my opinion. This method does not work this way ,you have to pick the right moment ,we don't have unlimited sources to place multiple entries in every step that market takes against us , there should be a reasonable logic behind every entry ( like what niks explains in his post trade analysis )
I have lost my trust in him .

that is correct amiraven, his entries cannot be matched by most traders in drawdown situations like this and his insistence to continue on is without consideration for others who may be following especially those starting out instead being focused purely on recovery to maintain reputation and proving the strategy works - the end result was that he did end the session in profit

to be fair, he does emphasize the importance of leaving gaps and entering at the right moments like near support and resistance levels or other price action indications, he just doesn't always practice it!

but i fully understand your sentiment, and felt exactly the same myself for a period of time, until i started reading between the lines of what KoF is really all about, he really is extremely intelligent, he values his offerings VERY highly and is a business man at the end of the day, after all, that's what trading is - so to give ALL is hard work away for free makes no business sense - all his free material is purely marketing and should be treated as such, all in my opinion...

but it was enough for me and i did not need to purchase any of his products, maybe one day i will for completeness...

anyway, i'm sure his next live video will revive your confidence again amiraven! and regardless, you have extracted the best bits of what he has to offer from what i can see in your trades, so the rest is up to us i think!