M1 Countertrend Scalping Strategy

there's no better feeling than being in sync with the market, trades like this would not be possible otherwise amiraven!

M1 EUR countertrend scalps - the basic ema strategy is very basic, entries long on ema9 overextension into support, targeting a return to ema's where i could of taken profits but targeted resistance for bigger profits instead, all on an M1 chart delivering profits within minutes!

M1 EUR countertrend scalps - stay calm and trade on, it's friday!




+191!

Great !!!

M1 BTC countertrend scalps - basic ema strategy in action on BTC, enter on ema9 overextension, target return to ema's!

M1 BTC countertrend scalps - adapting a keltner channel for optimum performance...

a major advantage using the keltner channel is the ability to configure it to suit any market condition and risk profile - put simply, the ability to expand or narrow the channels to wrap the most recent price action accordingly offering aggressive or conservative entry and exit points depending on the settings...


i adjusted the settings on BTC for the weekend to suit the lower volumes and tighter ranges aiming for quicker scalps rather than longer term as they normally end up for me on the weekend...

which isn't a problem because there are no swaps until monday rollover, but it adds extra risk...

a couple of BTC scalps yesterday were using the basic ema strategy which seems to work on everything for a quick scalp to a certain degree! but after seeing the two previous keltner channel overextensions on BTC today, i wanted to take the next one...



this one didn't go as well, mainly because i started entering too early, and also because the first breach failed to return to the midline, never a good sign, the second breach did return to and break above the midline but was quickly rejected close to ema200 and fell back down to the midline but within the upper channel, which is still a positive sign!




now looking for a break back above ema200 to hold in order to reach targets but it breaks back down below the midline and into support within the lower channel instead and sits there for a while as price runs sideways until finally breaking back above ema200 and into targets!

picked up a healthy dose of positive slippage as well!

M1 BTC countertrend scalps - a better result!

another long opportunity presents itself and i am unable to resist so enter a couple of orders - price reaches midline very quickly allowing profits to be taken - i took the riskier option waiting for a break above given the strength of the overextension...




price moves just shy of targets twice, could of exited manually for quicker profits, but i took the riskier option for a reason so i lifted targets instead for extra profits on the anticipated third push!



and then targets are reached on the third push up within the upper channel and with zero drawdown!

M1 BTC countertrend scalps - back to basic ema...

M1 BTC countertrend scalps - less information, easier decisions!

successful scalping is all about decisiveness and timing - it is most important on volatile pairs so the less information i have to deal with, the easier it is for me to make trading decisions!

Does this help?

Order block with Cap channel

I like adding the MACD at 8, 15, 6 too.

Hi guys,
I am still learning how to apply this great trading technique. This month I reviewed the account by almost 100%. However, I have one big problem, how to recognize as quickly as possible that this is a very hard trend. According to KoF, I should wait for the price to reach EMA200, but this may not happen either. How do you handle this situation? Please, give me an advice. Thank you very much.

hi Juki,

have you read through the whole thread? some ideas were covered, but ultimately it comes down to discretion and how much risk you are happy with.

M5 gu scalp to get the week started

thanks, it won't help me, but it may help others...

doesn't look like you have a problem to me by your results! recognising a trend is easy, i think we all know how to do it, it's how you manage a countertrend trade that is stuck in one, that is the tough part - price will always reach back to ema200, you just may not be in profit when it does, and that's where trade management kicks in...

the ONLY way you will ever learn is by getting stuck in many of them, and if you find your way out of them each time, and minimise entering into them in the future, then you have learnt how to deal with them...

and as rodney says, there are many ideas in this thread on how to manage risk and money under these circumstances... best of luck to you!

great start to the week rodney, hope the rest of it goes just as well!

and another one

thanks niks! id wish you luck too but i know you dont need it :-)

cheers rodney, i think we all need luck in trading - the market is uncertain after all!

another nice trade i see, great work!

here's my warm up for the week...

M1 GBP countertrend scalps - warming up...

price stalls on a break above ema200 into a resistance area offering a short opportunity so i took it as price action
remains within the range of the big candle to the left - targeting support and bottom of big candle anticipating a break
as there should be lots of stops there now, but will take profits on support just in case it doesn't break...




resistance holds and price breaks and holds back below ema200 providing an easy path to targets!

M1 AUD trend scalps - advanced ema strategy in action!