M1 Countertrend Scalping Strategy

M1 EURUSD

hi Niks, i see you often average down multiple times within the same candle, and sometimes you average up as well. i assume the multiple on a single candle was because you got unexpectedly good spread / little slippage? and the averaging up, does that have something to do with your keltners?

hi rodney, actually the averaging down on a single candle is not to do with spread or slippage, it is to do with the feeling of the candle at the time and its potential to trap and i generally do this when chasing quick targets, for example, take a look at this silver spike during rollover, if i had anticipated it, i would of entered many short positions on the same candle, it's an extreme example but the same principle applies when i do it elsewhere...


i don't recommend averaging up on a countertrend trade, and i don't do it very often, amiraven's trading style however changed my perspective on that and i will average up if i anticipate the countertrend turning into a mini trend...

the keltners have helped add confidence taking positions with trend so yes, it has contributed to my averaging up...

thanks for waiting!

M1 BTCUSD - gap filler

in slow motion!

M1 BTCUSD - the candle trap

when i have a feeling of a certain direction but am not "sure" until a candle makes a climactic move in that direction and i jump in at the end of the move only to have it reverse almost immediately...


they are the candles i enter multiple positions on in the opposite direction!

M1 BTCUSD - the candle trap
another trap laid...


and another dinner preyed!


100 tick brick view of M1 candle traps...

M1 BTCUSD - ema


complementary keltner channel view

ema9 and ema200 on 100 tick renko chart!

M1 BTCUSD

ema9 does not appear to be useful on the 100 tick renko chart, but ema20, 50 and 200 look like they might be...

M1 GBPUSD

M1 GBPUSD

M1 GBPUSD

M1 GBPUSD