M1 Countertrend Scalping Strategy

very nicely managed into back into profits, and taking profits along the way, great work amir!

M1 AUD countertrend scalp

M1 EUR countertrend scalp, followed by a trend scalp!

Profits Consistently Earned!
missed one of the targets on my trend scalps and decided to make the most of it!

Brits have gone Home, the Market has decreased in Volume and my last trade for the day.....

Elsaloon,
Nice to see you still are committed and alive young man.
Have a great weekend.
cpfleger

M1 BTC countertrend scalps - using the keltner channel for precise target adjustments to maximise profits!

as price moved forward and the keltner channel along with it, the top channel remains a prime target during an uptrend, so it is worth moving targets to track it as long as price moves in my favour and price action supports it...


in this case, as the top channel moved higher, it also moved above a resistance area that looks to be retested again in which case i anticipate it will break and the top channel will be reached

the break of resistance occurs, and the top channel was reached where the adjusted targets were waiting to collect profits!

M1 BTC countertrend scalps - using the keltner channel for precise entry...

after the strong move up price stalls and within the keltner channel, price does not enter into the lower section exhibiting buying pressure instead so enter long on break above midline targeting top channel where resistance lies and expected to remain flat but will be tracked again if it moves up above it...


the channel moves upwards a bit as price hovers above the midline which is now indicating uptrend so target is moved along with it a few times...




then it runs sideways for a bit but did not venture into the lower channel so target remained valid and then it is finally hit!

M1 BTC countertrend scalps - if it worked twice, why not a third time!

in this instance, price did venture into the lower channel as it stalled, but was quickly rejected and continued on within the lower mid channel and was about to test ema200 for support just after entry so it's going to be a tougher ride, especially if it breaks and holds below ema200 - targets will be adjusted lower if it does, and remain if it holds...

same entry principle...


same target principle...


ema200 was tested threatening targets...

the move below ema200 was shallow and into support levels trapping shorts and attracting new
buyers who are now looking to exit on the resistance levels once price broke back above ema200...


note how price still did not venture into the lower channel while direction was being decided around ema200, as long as that remains the case, targets will remain valid...



and then they were hit!

every trade is unique and must be handled accordingly...

KoF is the author of the the basic EMA strategy and it is the basis of what Abade has presented here in this M1 Countertrend Scalping Strategy thread...

everything we post in this thread is based on public domain material and our trades are our own proprietary work on which a lien cannot be claimed, surely that is clearly understood...

don't follow anybody, make yourself worth following, then follow yourself!