M1 XAUUSD
every minute matters!
M1 Countertrend Scalping Strategy
- #11,022
- Feb 27, 2024 7:28pm Feb 27, 2024 7:28pm
- Joined Dec 2022 | Status: Trader | 3,228 Posts
{quote} This is what I'll do. Thanks for the breakdown, its clear I've a fair bit of work to do for trend trading. Nice arrow improvement. On the counter front its been the best day for a while with 0.5% account gain. No real challenges which is always welcomed. 200 TP seems to be a winner. {image} {image} {image}
every minute matters!
- #11,023
- Feb 28, 2024 12:01am Feb 28, 2024 12:01am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 XAUUSD
they are all excellent trades, very well done! you are developing your own style around ema200 which is great and working well for you so far - appreciate you sharing and look forward to seeing more!
On the counter front its been the best day for a while with 0.5% account gain. No real challenges which is always welcomed. 200 TP seems to be a winner.
every minute matters!
- #11,024
- Feb 28, 2024 2:43am Feb 28, 2024 2:43am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 AUDUSD
every minute matters!
- #11,025
- Feb 28, 2024 4:57am Feb 28, 2024 4:57am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 XAUUSD
every minute matters!
- #11,026
- Feb 28, 2024 6:54am Feb 28, 2024 6:54am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 XAUUSD - missed that pullback, it was too fast!
every minute matters!
- #11,027
- Feb 28, 2024 7:20am Feb 28, 2024 7:20am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 XAUUSD - clumsy entry...
every minute matters!
- #11,028
- Feb 28, 2024 7:33am Feb 28, 2024 7:33am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 XAUUSD
every minute matters!
- #11,031
- Feb 28, 2024 4:19pm Feb 28, 2024 4:19pm
GU abort and learn. (aka fail) eventually decided to enter on a pullback and scrape back some pips. both exits werent the best {image}
I'm not sure why trading view is only showing the close trade arrows on my desktop so i'll include a screen grab from my phone which I hope is clear. I had three buy orders in pretty good spots and at one point had a nice floating profit however I decided to hold out for more (Ignore the fat finger buy sell). Sadly I set my TP levels a bit too high and before I knew it the news event was in sight and price was no where near TP or BE level. Decided to close out my one profitable trade for the extra margin and ride into the news event. Set my TP levels to BE in hope it would spike and get me out. That and get ready if price moved against me. I was relieved the news had little effect on price but as the day went on price didnt get up to much. I added another buy order which helped a little but ultimately its my first day of loss in over two weeks. Im pleased with the run of wins and this loss is only a small dent in big picture.
FYI: I am not trading with 1 lots, the phone app defaults to 1 lot for some strange reason every now and again. Annoying.
I'm not planning to ride into news events going forward. I need to focus on getting out around 11am, 12 latest or waiting until the news has passed.
We'll crack it tomorrow Rodney.
- #11,032
- Feb 28, 2024 8:50pm Feb 28, 2024 8:50pm
- Joined Dec 2022 | Status: Trader | 3,228 Posts
every minute matters!
- #11,033
- Feb 28, 2024 8:52pm Feb 28, 2024 8:52pm
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 GBPUSD
i appreciate your feedback, thank you!
I appreciate your openness to feedback and willingness to experiment with different visual aids, like adjusting the trade history lines. The decision to stick with the original dash line, albeit thicker, sounds like a practical approach to maintain clarity while refining your analysis tools.
every minute matters!
- #11,034
- Feb 28, 2024 10:37pm Feb 28, 2024 10:37pm
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 GBPUSD - countertrend into mini trend - thanks darwati!
every minute matters!
- #11,035
- Feb 28, 2024 10:54pm Feb 28, 2024 10:54pm
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 BTCUSD - another (almost) million point haul?
yes, and in new record time!!!
yes, and in new record time!!!
every minute matters!
- #11,037
- Feb 29, 2024 12:46am Feb 29, 2024 12:46am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
{quote} @niks that catch on bitcoin was simply wonderful, how did you know it was coming?
the bias was up, i missed the big move but that was sharply rejected - after ranging a bit, it continued heading up as resistance in the range now becomes support along with ema200 - it also looked like a "U" pattern forming to me where the left leg drops sharply, then it ranges at the bottom where i enter for it to shoot back up just as quickly!
the target was prior resistance which wasn't so sharply rejected...
i'm also having another crack!
this is a trend continuation with entries down to ema200 to act as support targeting the sharply rejected resistance...
every minute matters!
- #11,038
- Feb 29, 2024 3:54am Feb 29, 2024 3:54am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 GBPUSD
every minute matters!
- #11,039
- Feb 29, 2024 4:01am Feb 29, 2024 4:01am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 GBPUSD - trend continuation 
!
every minute matters!
- #11,040
- Feb 29, 2024 6:25am Feb 29, 2024 6:25am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 XAUUSD
every minute matters!