Attachments: M1 Countertrend Scalping Strategy

M1 Countertrend Scalping Strategy

#9,881
Oct 13, 2023 3:19am Oct 13, 2023 3:19am

sonicvista12
Joined Aug 2010 | Status: Trader | 429 Posts

Quoting Amiraven

Disliked

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 .

Ignored

yes Amiraven it definitely was a low point in KOF's youtube appearances, and I could tell he knew it wasn't going to go well, but continued anyway... like you said, he could have showed more consideration for the newbie traders who hang on his every word and do as he does. That was indeed irresponsible.

I was following him live, and just did the opposite trades to what he was doing, and it turned out very well for me. I've always maintained you need to know when to countertrend, and when to go with the flow, using the EMAs kind of the other way around, if you get my meaning. If only that was a part of this thread!

Hang in there all!

We don't see things as they are - we see things as we are.

#9,882
Oct 13, 2023 4:05am Oct 13, 2023 4:05am

niks
Joined Dec 2022 | Status: Trader | 3,259 Posts

M1 GBP countertrend scalps - big overextension, quick profits!

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every minute matters!

#9,883
Oct 13, 2023 10:24am Oct 13, 2023 10:24am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

KoF LIVE on YouTube - learn from the Master and not an Amateur Trader....................

#9,884
Oct 13, 2023 6:04pm Oct 13, 2023 6:04pm

sonicvista12
Joined Aug 2010 | Status: Trader | 429 Posts

Quoting cpfleger

Disliked

KoF LIVE on YouTube - learn from the Master and not an Amateur Trader....................

Ignored

I am watching the replay, and this quote stood out...

"I have never lost a cent in forex trading." KOF

He certainly does not lack self esteem or self belief!

We don't see things as they are - we see things as we are.

#9,885
Oct 13, 2023 9:06pm Oct 13, 2023 9:06pm

niks
Joined Dec 2022 | Status: Trader | 3,259 Posts

M1 BTC countertrend scalps - chasing quick profits!

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every minute matters!

#9,886
Oct 13, 2023 10:51pm Oct 13, 2023 10:51pm

niks
Joined Dec 2022 | Status: Trader | 3,259 Posts

M1 BTC countertrend scalps - chasing quick profits, again!

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every minute matters!

#9,887
Oct 13, 2023 11:21pm Oct 13, 2023 11:21pm

vishal1221
| Joined Mar 2015 | Status: Trader | 44 Posts

Quoting niks

Disliked

M1 BTC countertrend scalps - chasing quick profits, again! {image}

Ignored

Hi bro sorry if i interrupt you.
where i can get indicator name and value.
if you don't mind sharing template.

#9,888
Oct 14, 2023 12:18am Oct 14, 2023 12:18am

niks
Joined Dec 2022 | Status: Trader | 3,259 Posts

Quoting vishal1221

Disliked

{quote} Hi bro sorry if i interrupt you. where i can get indicator name and value. if you don't mind sharing template.

Ignored

hi vishal, the indicator is EMA's 9, 20, 50 and 200 and volumes with EMA 20, there is no template for this, you make it yourself...

every minute matters!

#9,889
Oct 14, 2023 1:08am Oct 14, 2023 1:08am

Juki55
| Joined Sep 2021 | Status: Trader | 11 Posts

I'm trapped, will see next week how the price goes. If this situation arises, I trade both ways to maintain a sufficient margin reserve.

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#9,890
Oct 14, 2023 3:02pm Oct 14, 2023 3:02pm

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

sonicvista12,
He (KoF) has never lost the overall trade but has lost maybe the first or second trade positions BUT even after 11 hours of patiently waiting for the Market to turn, he won the overall trade... his last two video's last week were his best after over 3 years. He is confident, yes sir.
cpfleger

#9,891
Oct 14, 2023 9:02pm Oct 14, 2023 9:02pm

niks
Joined Dec 2022 | Status: Trader | 3,259 Posts

Quoting sonicvista12

Disliked

{quote} I am watching the replay, and this quote stood out... "I have never lost a cent in forex trading." KOF He certainly does not lack self esteem or self belief!

Ignored

he doesn't lack shrewdness either, that is "marketing" for his live streams, OBVIOUSLY not a statement of fact, to be taken in context with all his other statements

"in my early early days, i lost a lot"
"when we lose, we only lose a fraction of our accounts"
"if anybody tells you they have a strategy that never loses, i have a bridge to sell you"

plus the live blowout that was never shown to be recovered...
https://www.forexfactory.com/thread/...0#post14289660

every minute matters!

#9,892
Oct 15, 2023 3:23am Oct 15, 2023 3:23am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

Gents,
KoF cannot be too bad or YOU would follow someone else, facts are simply facts.
cpfleger

#9,893
Oct 15, 2023 4:09pm Oct 15, 2023 4:09pm

sonicvista12
Joined Aug 2010 | Status: Trader | 429 Posts

Quoting niks

Disliked

{quote} he doesn't lack shrewdness either, that is "marketing" for his live streams, OBVIOUSLY not a statement of fact, to be taken in context with all his other statements "in my early early days, i lost a lot" "when we lose, we only lose a fraction of our accounts" "if anybody tells you they have a strategy that never loses, i have a bridge to sell you" plus the live blowout that was never shown to be recovered... https://www.forexfactory.com/thread/...0#post14289660

Ignored

Gents,
KoF cannot be too bad or YOU would follow someone else, facts are simply facts.
cpfleger

I agree with both of you gentlemen, there is much to be gained from studying the KOF methods, but at the same time I feel responsible to let our thread followers know that occasionally KOF makes outlandish & outrageous claims during his live feeds, that's all... it's the same with ICT, Oliver Velez, Al Brooks, all these great traders & teachers at some point or other make unsustainable claims. But I learn valuable lessons from all of them in the meantime, which I put in my folders of knowledge and experience.

We don't see things as they are - we see things as we are.