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M1 Countertrend Scalping Strategy

  • #10,981
  • Feb 22, 2024 11:40pm Feb 22, 2024 11:40pm
M1 EURUSD - and down it goes!

re-enter on the pullback to ema9...
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every minute matters!
  • #10,982
  • Feb 22, 2024 11:52pm Feb 22, 2024 11:52pm
M1 EURUSD - enter cautiously if price breaks and holds back above ema9, especially if it crosses sma20, the quicker the break back below ema9 the better!

at this point you will know if you got it right or wrong!
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every minute matters!
  • #10,983
  • Feb 23, 2024 1:56am Feb 23, 2024 1:56am
M1 EURUSD - catching trend continuation!

the break above ema9 holds during a down move in an uptrend, and then ema9 crosses above sma20...
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pushing price into outer channel where targets are waiting!
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every minute matters!
  • #10,984
  • Feb 23, 2024 2:26am Feb 23, 2024 2:26am
M1 AUDUSD - always be on the lookout for the best opportunities and snap them up without hesitation!

outer channel breach and ema9 over extension countertrend short targeting ema200 within opposing outer channel...
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and there it is!
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every minute matters!
  • #10,985
  • Feb 23, 2024 2:48am Feb 23, 2024 2:48am
M1 EURUSD - if it looks like it's going down...
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then it's going DOWN!
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every minute matters!
  • #10,986
  • Feb 23, 2024 4:34am Feb 23, 2024 4:34am
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I haven't come this far to only come this far !
  • #10,987
  • Feb 23, 2024 4:43am Feb 23, 2024 4:43am
and REGRET AGAIN !
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I haven't come this far to only come this far !
  • #10,988
  • Feb 23, 2024 5:10am Feb 23, 2024 5:10am
Quoting Amiraven
and REGRET AGAIN ! {image}
no regrets amiraven, just future opportunities! they are excellent trades, that was a classic countertrend into mini trend, an ideal re-entry would of been after the break below ema9 then back above it and ema200 at the same time...
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every minute matters!
  • #10,989
  • Feb 23, 2024 5:36am Feb 23, 2024 5:36am
Quoting niks
{quote} no regrets amiraven, just future opportunities! they are excellent trades, that was a classic countertrend into mini trend, an ideal re-entry would of been after the break below ema9 then back above it and ema200 at the same time... {image}
That's right , Thank you !
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I haven't come this far to only come this far !
  • #10,990
  • Feb 23, 2024 10:18am Feb 23, 2024 10:18am
Quoting niks
M1 EURUSD - catching the emerging downtrend! {image} {image}
Great write up on dealing with Thursday trend, very insightful. As for my entry prior to the trend pictured below, the more I look at that trade the less I like it. I jumped in far to close to the 200, wasnt as per the plan.

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Quoting rodney204
left a lot on the table this time. was hoping for nice big trend but chickened out {image} going short on the GA, looks like a reasonable entry {image} good entry but scared playing amongst news {image}


I chickened out way sooner than you did! I believe even if I had another earlier entry where price levels off for a few minutes I would of still closed on the big candle down.
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Can I ask why there is no additional orders as price climbed? Also do you change lot size while dealing with a trend using multiple orders?
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Quoting Amiraven
and REGRET AGAIN ! {image}
Gain is gain. When I first started this strat my TP was at 2 pips for every trade. The more I get a feel for things the further the TP's are moving and the more comfortable I am waiting for them to be hit.

Another good day (so far). Hows that for exiting early on my last screen grab Amiraven?

Hope everyone has a good weekend!

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  • #10,991
  • Feb 24, 2024 12:19am Feb 24, 2024 12:19am
Quoting PR31D
Can I ask why there is no additional orders as price climbed? Also do you change lot size while dealing with a trend using multiple orders?
when the market does something much more hectic than i was expecting then i sometimes just hold on for a bit - in case news is going to hurt me. ill wait and watch and then continue adding positions when i'm a bit more confident. doesn't always work out but sometimes it saves me!

at the moment i keep my lot sizes the same

have a great weekend!
  • #10,992
  • Feb 24, 2024 4:18am Feb 24, 2024 4:18am
M1 BTCUSD
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every minute matters!
  • #10,993
  • Feb 24, 2024 5:10pm Feb 24, 2024 5:10pm
This is a brief interview of Aatu Kokkila who is currently the #1 top trader in Darwinex. I thought it would be interesting for most members here because his style involves high impact news trading and analysis of the lower timeframes. He is also a very profitable and consistent trader (5+ year record and getting stronger):

Inserted Video


The main takeaways of the video:

1) He analyzes fundamental data to make his trading decisions around high impact news. He doesn't use any price/technical analysis in isolation.
2) He never makes any forecasts/impulsive trades just before news events, he waits until the numbers are out.
3) The risk depends on the "quality" of the signal (highly discretional/unspecified).
4) He trades mostly monetary policy decisions, but also political events and NFP.
5) He enters several small positions instead of using a single big one.
6) Some of his positions are closed with a small profit (scalping) and others are left to run several hours/days.
7) Holding times depend on his fundamental analysis and projections. For example: If there are contradictions in the statements, the projected holding time is lowered.

There are some details and examples in the video that I didn't include, hope you find it useful for your own trading.

Have a great weekend!
  • #10,994
  • Feb 24, 2024 6:23pm Feb 24, 2024 6:23pm
M1 BTCUSD
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every minute matters!
  • #10,995
  • Feb 24, 2024 7:57pm Feb 24, 2024 7:57pm
M1 BTCUSD
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every minute matters!
  • #10,996
  • Feb 25, 2024 7:29am Feb 25, 2024 7:29am
Quoting rodney204
{quote} when the market does something much more hectic than i was expecting then i sometimes just hold on for a bit - in case news is going to hurt me. ill wait and watch and then continue adding positions when i'm a bit more confident. doesn't always work out but sometimes it saves me! at the moment i keep my lot sizes the same have a great weekend!
I jump in on a big candle if its volume looks lacking compared to the candles beforehand, its my main way of entering. Usually breaking through the BB. If no candle jumps out at me and its getting past my 8-11 pip re-entry point I'll sometimes jump in on a 9 cross but you know how it is, it needs to feel right. I have found myself doubling lot size after 2-3 orders if either the trend appears to be weaking or the 200 is catching up to my BE level. Its worked out so far but as I ran through some charts comparing myself to how others have handled entries I feel like Im not being aggressive enough. Likely why my account gain per day is sub 0.5% most days . All in good time! The plan this week is to try some with trend trading. I'll be jumping in if the following or similar shows itself.

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I've more practice lined up tonight but here's my run through on Thursdays trend on Gold. I know its all hindsight and that so cant be taken to seriously but I believe its roughly what I would of done.
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Also planning another watch of the KoF's ema strat video.
  • #10,997
  • Feb 25, 2024 7:01pm Feb 25, 2024 7:01pm
Quoting PR31D
The plan this week is to try some with trend trading. I'll be jumping in if the following or similar shows itself. {image} I've more practice lined up tonight but here's my run through on Thursdays trend on Gold. I know its all hindsight and that so cant be taken to seriously but I believe its roughly what I would of done. Also planning another watch of the KoF's ema strat video.
i'd caution against changing lot size during a trade, just don't do it, this strategy doesn't require it, it needs experience...

probably best to focus on learning the strategy first, not gains made , otherwise you may lose focus on the strategy...

you are doing very well so far and are on the right path, look forward to seeing if you catch any of those trend setups!

always keep practicing and watch his videos as much as possible and repeatedly, best of luck to you!
every minute matters!
  • #10,998
  • Feb 25, 2024 7:05pm Feb 25, 2024 7:05pm
M1 BTCUSD - wrapping up the weekend trades...
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every minute matters!
  • #10,999
  • Feb 26, 2024 12:06am Feb 26, 2024 12:06am
M1 XAGUSD
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every minute matters!
  • #11,000
  • Feb 26, 2024 12:33am Feb 26, 2024 12:33am
M1 XAUUSD
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every minute matters!
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