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M1 Countertrend Scalping Strategy

  • #10,781
  • Feb 1, 2024 3:10am Feb 1, 2024 3:10am
Quoting Amiraven
Thanks Nik and Abade for all the support and guidance ! {image}
Good job sir !
  • #10,782
  • Feb 1, 2024 3:14am Feb 1, 2024 3:14am
Quoting niks
M1 XAGUSD {image} {image}
Can you explain how did you follow this trade please?
  • #10,783
  • Feb 1, 2024 6:16am Feb 1, 2024 6:16am
Attached Image (click to enlarge)
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  • #10,784
  • Feb 1, 2024 6:31am Feb 1, 2024 6:31am
M1 XAUUSD
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every minute matters!
  • #10,785
  • Feb 1, 2024 6:39am Feb 1, 2024 6:39am
Quoting Amiraven
Thanks Nik and Abade for all the support and guidance ! {image}
it's always my pleasure amiraven, thank you for continuing to share the fruits of your labour!

Quoting BixLeVert
{quote} Can you explain how did you follow this trade please?
yes, the decision to enter short was based on a series of lower highs after a strong move up, the target was based on a break of a prior support level...

and that was it! which is unfortunate because if i had actually followed it closely, i should of waited for the large bars to exhaust the move down prior to exiting on a break back above ema9...

Attached Image (click to enlarge)
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active trade management would of yielded a much better result is what i realise in hindsight about this trade...
every minute matters!
  • #10,786
  • Feb 1, 2024 7:04am Feb 1, 2024 7:04am
Quoting niks
{quote} it's always my pleasure amiraven, thank you for continuing to share the fruits of your labour! {quote} yes, the decision to enter short was based on a series of lower highs after a strong move up, the target was based on a break of a prior support level... and that was it! which is unfortunate because if i had actually followed it closely, i should of waited for the large bars to exhaust the move down prior to exiting on a break back above ema9... {image} active trade management would of yielded a much better result is what i realise in...
good game ! The important thing is not to have regrets
  • #10,787
  • Feb 1, 2024 9:19am Feb 1, 2024 9:19am
Attached Image (click to enlarge)
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I haven't come this far to only come this far !
  • #10,788
  • Feb 1, 2024 9:51am Feb 1, 2024 9:51am
Quoting Amiraven
{image}
DD please ?*
  • #10,789
  • Feb 1, 2024 11:18am Feb 1, 2024 11:18am
Quoting BixLeVert
{quote} DD please ?*
2.8%
I haven't come this far to only come this far !
  • #10,790
  • Feb 1, 2024 11:30am Feb 1, 2024 11:30am
Quoting Amiraven
{quote} 2.8%
Thanks sir
  • #10,791
  • Feb 1, 2024 11:38am Feb 1, 2024 11:38am
Quoting BixLeVert
{quote} Thanks sir
No problem.
I haven't come this far to only come this far !
  • #10,792
  • Feb 1, 2024 11:52am Feb 1, 2024 11:52am
Quoting Amiraven
{quote} Pas de problème.
I have to learn to enter tactfully....This is the big problem I'm having...Do you wait for a minimum of pips before buying/selling?
  • #10,793
  • Feb 1, 2024 1:06pm Feb 1, 2024 1:06pm
Is the EMA Strategy (V4) available for MT5?
  • #10,794
  • Feb 1, 2024 7:37pm Feb 1, 2024 7:37pm
Quoting Amiraven
{image}
nice trades amiraven, you missed the third opportunity long off support targeting a break of ema200 considering the previous breach...

it was a strong move up which is hard to catch after it starts, so i guess you were looking for shorts at that point and started entering on the stall, i would of done the same!

you managed them extremely well in tough conditions and produced profits, well done!
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every minute matters!
  • #10,795
  • Feb 1, 2024 11:52pm Feb 1, 2024 11:52pm
M1 EURUSD
Attached Image (click to enlarge)
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every minute matters!
  • #10,796
  • Feb 2, 2024 12:45am Feb 2, 2024 12:45am
Quoting BixLeVert
{quote} I have to learn to enter tactfully....This is the big problem I'm having...Do you wait for a minimum of pips before buying/selling?
Not sure what you mean ! but it's all about timing, so read from the beginning please.
There are tons of helpful points in between which will help you.

Good luck
I haven't come this far to only come this far !
  • #10,797
  • Feb 2, 2024 1:07am Feb 2, 2024 1:07am
Quoting niks
{quote} nice trades amiraven, you missed the third opportunity long off support targeting a break of ema200 considering the previous breach... it was a strong move up which is hard to catch after it starts, so i guess you were looking for shorts at that point and started entering on the stall, i would of done the same! you managed them extremely well in tough conditions and produced profits, well done! {image}
That's right, not only I missed the third one but the whole uptrend !
Thank you !
I haven't come this far to only come this far !
  • #10,798
  • Feb 2, 2024 1:31am Feb 2, 2024 1:31am
M1 EURUSD
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Attached Image (click to enlarge)
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Quoting Amiraven
{quote} That's right, not only I missed the third one but the whole uptrend ! Thank you !
that's okay, it was very fast and hard to pick, we will always miss a piece of the action otherwise we are perfect!
every minute matters!
  • #10,799
  • Feb 2, 2024 2:16am Feb 2, 2024 2:16am
M1 EURUSD
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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every minute matters!
  • #10,800
  • Feb 2, 2024 4:03am Feb 2, 2024 4:03am
M1 EURUSD
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every minute matters!
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