M1 Countertrend Scalping Strategy

M1 XAUUSD - golden profits!

@Niks and Abade,

Your advice is much appreciated, will keep that in mind.

BTCUSD . practice pays!

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1. niks what do you think short sell is write way ?

Yes indeed.

M1 XAUUSD - always trade responsibly!

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SikandarShah, the right way is according to your strategy, it changes too quickly for M1 scalping! also, you didn't mention which pair you were asking about, maybe somebody else can help you if you mention it...

there is an example where i made profits entering short and amiraven made profits entering long on the same subset of candles, so there is no right or wrong in M1 scalping, you enter, then manage whatever happens after!!!

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I've only been doing this strat a short while so dont take what I say as gospel. To play it safe I mostly short when price is above the 200 and long when it is below. There are some exceptions if price is bouncing around in a range and sometimes I get too excited on seeing a spike and enter without paying attention to the 200. Its a bad habit that Im working on.

There seems to be two ways to go about entering here. I see some wait for price to cross back over the 9, others and myself included will jump in once price spikes away from the 9. Try out bollinger bands, dont enter unless price breaks the band and is also a good bit away from all EMA's. Try with both HA and normal candles, see which one fits best. To avoid too many orders in a tight space I look at the PA and see what sort of pip range the waves form and set my entry spacing from that, a sort of ATR if you will. Today I would only open another order once price moved 8 pips away and another spike or 9 cross occurred. I've found its vital not to weight the trend early on, keep it loose at the beginning.






Another day of gain which continues the winning streak. Had one hiccup where I forgot to move TP's and the trades closed in a slight loss however a small mistake in the big picture, my fault for trying to multitask. Otherwise a good day and overall I feel I'm improving, profit is increasing and the number of trades taken per day is decreasing. When will the big trend appear though?!

Some screen grabs with notes attached Amah to give you some insight in my thinking for the day.

excellent advice! nice pick up on the entries, both methods are valid, and i have recently been using the cross back over 9 method as added confirmation, those trades tend to hit their target a lot faster!

i also agree that the use of bollinger bands or keltner channels in my case complement this ema strategy very well and is highly recommended...

you appear to be on the right path, all you need now is lots of practice and you will make it, best of luck to you!

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