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M1 Countertrend Scalping Strategy

  • #10,921
  • Feb 15, 2024 1:47am Feb 15, 2024 1:47am
Hi

I am new to this strategy. This is from 5 minutes ago. /flex
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  • #10,922
  • Feb 15, 2024 7:35am Feb 15, 2024 7:35am
M1 XAUUSD
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every minute matters!
  • #10,923
  • Feb 15, 2024 10:44am Feb 15, 2024 10:44am
Quoting Choppie
Hi I am new to this strategy. This is from 5 minutes ago. /flex {image}
Nice trade, be welcome!
  • #10,924
  • Feb 15, 2024 3:28pm Feb 15, 2024 3:28pm
Quoting niks
M1 XAUUSD {image} {quote} there is no right or wrong in M1 scalping, you enter, then manage whatever happens after!!!
Great advice. I had a few less than perfect entries today which I managed to get out of. Ended up thinking to myself they could of been avoided if I had just stuck to my rules and not jumped in when I felt it was right.

Here is my worst trade of todays session. I got in on the red arrows, you'll see two red arrows close together, second being where I felt price would turn and yet it kept going. Breaking my rule of not waiting for the 8 pip gap between orders before reentering. Ultimately it panned out but I exited too early, I should of waited for price to touch the 50. Still, gain is gain. The win streak continues.
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  • #10,925
  • Feb 15, 2024 7:33pm Feb 15, 2024 7:33pm
Quoting PR31D
{quote} Great advice. I had a few less than perfect entries today which I managed to get out of. Ended up thinking to myself they could of been avoided if I had just stuck to my rules and not jumped in when I felt it was right. Here is my worst trade of todays session. I got in on the red arrows, you'll see two red arrows close together, second being where I felt price would turn and yet it kept going. Breaking my rule of not waiting for the 8 pip gap between orders before reentering. Ultimately it panned out but I exited too early, I should of...
every pair is unique and behaves in its own way - eurgbp is a very slow mover so an extra level of patience and lower expectations are required to trade it - pips are paid in pounds so for most that adds an extra boost to profits!

apart from the first two orders being too close together, the entries and exits look good, the last order was well spaced...
every minute matters!
  • #10,926
  • Feb 16, 2024 1:37am Feb 16, 2024 1:37am
M1 XAUUSD
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every minute matters!
  • #10,927
  • Feb 16, 2024 2:54am Feb 16, 2024 2:54am
M1 XAUUSD
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every minute matters!
  • #10,928
  • Feb 16, 2024 4:32am Feb 16, 2024 4:32am
M1 XAUUSD
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every minute matters!
  • #10,929
  • Feb 16, 2024 4:48am Feb 16, 2024 4:48am
M1 XAUUSD
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every minute matters!
  • #10,930
  • Feb 16, 2024 7:19am Feb 16, 2024 7:19am
M1 XAUUSD
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every minute matters!
  • #10,931
  • Feb 16, 2024 9:15am Feb 16, 2024 9:15am
M1 XAUUSD - friday night delight!
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every minute matters!
  • #10,932
  • Feb 16, 2024 9:26am Feb 16, 2024 9:26am
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I haven't come this far to only come this far !
  • #10,933
  • Feb 16, 2024 10:12am Feb 16, 2024 10:12am
Quoting niks
M1 XAUUSD {image}
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I haven't come this far to only come this far !
  • #10,934
  • Feb 16, 2024 3:18pm Feb 16, 2024 3:18pm
Another good day. With being busy with work I didnt get much screen time but the orders I did get in went well. Going to paper trade btc over the weekend to get a feel/for something to do. I should of rode the downtrend towards the news event for a while longer however I was keen to get out.

Hope everyone has a good weekend.
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  • #10,935
  • Feb 16, 2024 4:15pm Feb 16, 2024 4:15pm
checking in. haven't posted for ages but i've been reading. Great to see some new guys in here that are properly operating! PR31D well done, am aspiring to trade like you.

This week treated me well. low risk and consistent. +800

played on some different pairs, AC:
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  • #10,936
  • Feb 16, 2024 4:58pm Feb 16, 2024 4:58pm
heres a cool one over valentines day. GC m5
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and on GU
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  • #10,937
  • Feb 16, 2024 9:29pm Feb 16, 2024 9:29pm
Quoting Amiraven
{quote} {image}
that was this trend continuation trade, i was watching and saw the break below ema9 failed to hold and entered on the break back above, the exit was based on a previous resistance which held making the trade look good! the following countertrend short was not so nice though, thanks amiraven!

your post news trades were superlative, you really have an excellent feel for the market now, well done!!!

Quoting rodney204
Great to see some new guys in here that are properly operating!
i agree, and good to see you back and trading well rodney!
every minute matters!
  • #10,938
  • Feb 17, 2024 8:09pm Feb 17, 2024 8:09pm
M1 BTCUSD

waiting for it to close
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ended with a nice amount of positive slippage!
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every minute matters!
  • #10,939
  • Feb 17, 2024 9:59pm Feb 17, 2024 9:59pm
M1 BTCUSD - deliberate practice!
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every minute matters!
  • #10,940
  • Feb 18, 2024 2:59am Feb 18, 2024 2:59am
M1 BTCUSD
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"practice makes perfect - of
course with more practice you the trader
actually can only improve through more
practice and experience" - KoF
every minute matters!
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