M1 Countertrend Scalping Strategy | Page 522 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

strategy builder/tester for new scalping strategy 1 reply

1M & 5M Scalping System (Scalping Paradise) 21 replies

Reversals vs. CounterTrend Trade 28 replies

CounterTrend Trading 58 replies

Attachments: M1 Countertrend Scalping Strategy
Exit Attachments

M1 Countertrend Scalping Strategy

  • #10,421
  • Dec 19, 2023 12:10am Dec 19, 2023 12:10am
the entries were really no good, i need much more work on trend trades, the exit was well timed looking back, thanks!
every minute matters!
  • #10,422
  • Dec 19, 2023 2:51am Dec 19, 2023 2:51am
M1 XAGUSD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB


M1 XAUUSD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
every minute matters!
  • #10,423
  • Dec 19, 2023 4:16am Dec 19, 2023 4:16am
M1 AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
every minute matters!
  • #10,424
  • Dec 19, 2023 4:18am Dec 19, 2023 4:18am
M1 AUDUSD!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
every minute matters!
  • #10,425
  • Dec 19, 2023 5:12am Dec 19, 2023 5:12am
M1 AUDUSD - result...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
every minute matters!
  • #10,426
  • Dec 19, 2023 8:16am Dec 19, 2023 8:16am
Quoting niks
M1 AUDUSD - VHF scalps! {image}
I'm sorry if you've answered this question before. What spreads if any do you have on this pair? Some of the wins seem quite small on the 1 min chart (not so for others...) which would make them quite insignificant when spread is accounted for.
Thank you.
I have no clue where it's going
  • #10,427
  • Dec 19, 2023 7:23pm Dec 19, 2023 7:23pm
M1 XAGUSD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB


Quoting LifeRider
{quote} I'm sorry if you've answered this question before. What spreads if any do you have on this pair? Some of the wins seem quite small on the 1 min chart (not so for others...) which would make them quite insignificant when spread is accounted for. Thank you.
i've not answered it with regard to VHF scalping - i have a RAW spread account which means mostly zero spread for AUDUSD, it may fluctuate a few points - each win you see has already accounted for the spread, yes they are small, but they are FAR from insignificant! the purpose of VHF scalping is to extract something from nothing, during those times when everybody else is saying there is nothing to trade, the market is dead, price action is choppy etc.

the spread is not a factor for VHF scalping, i've used it on BTC, gold and silver...

what you don't see is the commissions if any being charged and they are not insignificant - each scalp needs to account for that before running into profit - roughly 6 points per trade at my commission rate, so if i recall correctly, the sequence you have referenced grossed ~160 points, minus 6 points x 10 trades = 100 points or 10 pips within a less than 5 pip range...
every minute matters!
  • #10,428
  • Dec 19, 2023 8:27pm Dec 19, 2023 8:27pm
M1 AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
every minute matters!
  • #10,429
  • Dec 19, 2023 10:11pm Dec 19, 2023 10:11pm
M1 AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
every minute matters!
  • #10,430
  • Dec 20, 2023 2:49am Dec 20, 2023 2:49am
Quoting niks
M1 XAGUSD {image} {quote} i've not answered it with regard to VHF scalping - i have a RAW spread account which means mostly zero spread for AUDUSD, it may fluctuate a few points - each win you see has already accounted for the spread, yes they are small, but they are FAR from insignificant! the purpose of VHF scalping is to extract something from nothing, during those times when everybody else is saying there is nothing to trade, the market is dead, price action is choppy etc. the spread is not a factor for VHF scalping, i've used it on BTC, gold...
Thank you
I have no clue where it's going
  • #10,431
  • Dec 20, 2023 4:02am Dec 20, 2023 4:02am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-12-20 133129.png Size: 33 KB
I haven't come this far to only come this far !
  • #10,432
  • Dec 20, 2023 6:04am Dec 20, 2023 6:04am
Quoting Amiraven
{image}
that's a very nice tight fitting channel, i might have to tune mine up a bit! the trades are first class, and there you are at it again averaging up inspiring me to do the same! excellent job...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
every minute matters!
  • #10,433
  • Dec 20, 2023 6:18am Dec 20, 2023 6:18am
Quoting LifeRider
{quote} Thank you
you're welcome - when i expect very little, i receive a lot, when i expect a lot, i receive very little!
every minute matters!
  • #10,434
  • Dec 20, 2023 7:29am Dec 20, 2023 7:29am
Quoting niks
{quote} that's a very nice tight fitting channel, i might have to tune mine up a bit! the trades are first class, and there you are at it again averaging up inspiring me to do the same! excellent job... {image}
My trading style has been inspired by yours, thank you Nik !
I haven't come this far to only come this far !
  • #10,435
  • Dec 20, 2023 12:24pm Dec 20, 2023 12:24pm
Quoting niks
M1 AUDUSD - crappy trend trade result! {image}
Niks... I noticed you said crappy trend trade results... but educate me on this, what actually went wrong here?.... as I would have been very happy trading this chart or scalping it anyway.
  • #10,436
  • Dec 20, 2023 1:59pm Dec 20, 2023 1:59pm
Gold, 1 minute:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 45 KB

Setup 1: Catched price moving towards a strong support (market reversal). Exited early, just in case.

Setup 2: Price is over-extended and close to a strong support, all EMAs have closed below 200 so I risk a countertrend entry and exit at 9 EMA touch.

Edit:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 59 KB


Setup 3: Volume is very weak near support, so I make a quick scalp back to the zone between 9 and 20 EMA, which is also a new resistance.

Looks like price is getting ready to breakout, so I stand aside.
  • #10,437
  • Dec 20, 2023 8:06pm Dec 20, 2023 8:06pm
Quoting Amiraven
{quote} My trading style has been inspired by yours, thank you Nik !
and that's the value of sharing our trades, you're always welcome and your posts are much appreciated amiraven!

Quoting CM-PunkFX
{quote} Niks... I noticed you said crappy trend trade results... but educate me on this, what actually went wrong here?.... as I would have been very happy trading this chart or scalping it anyway.
nothing went wrong in terms of the result! the execution itself was poor, the initial entry was very late and should of been lower closer to ema200 the second entry was good, but then the trend crapped out as it dropped back below ema200, the third order was good once the break above ema200 held, but at this point i should of stacked on a lot more orders at least up to the point of my second order, especially as it bounced off ema50 which is obvious in hindsight!

so it was crappy in terms of the trend itself mainly, but also due to what i consider poor execution, overall though i was happy with the result!

Quoting Abade
Gold, 1 minute: {image} Setup 1: Catched price moving towards a strong support (market reversal). Exited early, just in case. Setup 2: Price is over-extended and close to a strong support, all EMAs have closed below 200 so I risk a countertrend entry and exit at 9 EMA touch. Edit: {image} Setup 3: Volume is very weak near support, so I make a quick scalp back to the zone between 9 and 20 EMA, which is also a new resistance. Looks like price is getting ready to breakout, so I stand aside.
very nice price action trading Abade! the first trade was interesting catching the move with trend down to support as the ema's crossed ema200 and then scalping the pullbacks after they crossed!

i also noticed the channel as well, it looks good!
every minute matters!
  • #10,438
  • Dec 20, 2023 8:08pm Dec 20, 2023 8:08pm
M1 XAGUSD
Attached Image (click to enlarge)
Click to Enlarge Name: xag11.PNG Size: 9 KB

Attached Image (click to enlarge)
Click to Enlarge Name: xag12.PNG Size: 17 KB
every minute matters!
  • #10,439
  • Dec 20, 2023 8:22pm Dec 20, 2023 8:22pm
Quoting niks
M1 XAGUSD {image} {image}
That's very impressive @Niks, you got the top, and almost got the very bottom as well, lots of pips!!
  • #10,440
  • Dec 20, 2023 8:31pm Dec 20, 2023 8:31pm
Quoting Abade
{quote} That's very impressive @Niks, you got the top, and almost got the very bottom as well, lots of pips!!
the only disappointment was it closed about an hour before rollover so i missed out on TRIPLE swaps! bugger... thanks Abade!
every minute matters!
22 traders viewing now, 1 is registered:
Balti90