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M1 Countertrend Scalping Strategy

  • #11,201
  • Apr 4, 2024 8:31am Apr 4, 2024 8:31am
Quoting niks
M1 XAUUSD - after a couple more target adjustments tracking the outer edge... {image} they were finally reached! {image}
If only I could wait as patiently as you do !
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I haven't come this far to only come this far !
  • #11,202
  • Apr 4, 2024 3:38pm Apr 4, 2024 3:38pm
nice start of day.
i prefer asian session for gold trade.
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  • #11,203
  • Apr 4, 2024 8:33pm Apr 4, 2024 8:33pm
Quoting BDfx77
nice start of day. i prefer asian session for gold trade. {image} {image}
hi nick, i couldnt ride the trend on my last trade, could you please guide me how to detect a trend as like you.
  • #11,204
  • Apr 4, 2024 9:07pm Apr 4, 2024 9:07pm
Quoting Amiraven
{quote} If only I could wait as patiently as you do ! {image}
it was still an excellent trade amiraven and i originally had the same target as you and our trades would of been the same again! however, even though in this case i placed my trust in the keltner channel and it payed off, it was a LOT riskier and not something i would usually do, the original targets were more than adequate for this trade...

a better approach for both us would of been to flip the profits by exiting at ema200 and re-entering again on the dips!

Quoting BDfx77
{quote} hi nick, i couldnt ride the trend on my last trade, could you please guide me how to detect a trend as like you.
hello bdfx77, you will need to post pictures of your last trade for post trade analysis...

i'm not the best at detecting a trend but i am working on it - i found this article to be very helpful, you may too...

also, just a suggestion, mobile chart snapshots look a lot better in LANDSCAPE mode... best of luck to you!
every minute matters!
  • #11,205
  • Apr 4, 2024 10:22pm Apr 4, 2024 10:22pm
M1 AUDUSD
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closed before targets due to price action...
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every minute matters!
  • #11,206
  • Apr 4, 2024 11:16pm Apr 4, 2024 11:16pm
M1 AUDUSD - flipping the profits!
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every minute matters!
  • #11,207
  • Apr 4, 2024 11:45pm Apr 4, 2024 11:45pm
eurusd 1 min
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  • #11,208
  • Apr 5, 2024 5:36pm Apr 5, 2024 5:36pm
M1 BTCUSD
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every minute matters!
  • #11,209
  • Apr 5, 2024 8:45pm Apr 5, 2024 8:45pm
M1 BTCUSD
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  • #11,210
  • Apr 5, 2024 10:24pm Apr 5, 2024 10:24pm
one more closed and one running, SL brack even
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  • #11,211
  • Apr 5, 2024 10:55pm Apr 5, 2024 10:55pm
closes one more and partial running, SL on zero loss level
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  • #11,212
  • Apr 6, 2024 1:02am Apr 6, 2024 1:02am
Quoting BDfx77
closes one more and partial running, SL on zero loss level {image}
great trades bdfx77!

M1 BTCUSD
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every minute matters!
  • #11,213
  • Apr 6, 2024 8:13am Apr 6, 2024 8:13am
Quoting niks
{quote} great trades bdfx77! M1 BTCUSD {image}
ThankYou Nick!
M1 BTCUSD
closed early
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  • #11,214
  • Apr 6, 2024 9:19am Apr 6, 2024 9:19am
Btcusd 1
another trade
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  • #11,215
  • Apr 6, 2024 4:44pm Apr 6, 2024 4:44pm
BTCUSD M1
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  • #11,216
  • Apr 6, 2024 6:45pm Apr 6, 2024 6:45pm
this is the challenging part, my trades went in negative, whenever i find more then 4 trade negative, i always try to close at Barack even.
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  • #11,217
  • Apr 6, 2024 8:59pm Apr 6, 2024 8:59pm
Quoting niks
{quote} the status of the strategy as initially published has not changed - i have been trading it live daily for six months with small but consistent weekly profits after many months of successful demo trading and planning i'm still using smaller lot sizes on my live account and still suffer many drawdowns and sporadic losses - live trading is a development process that continually evolves and is never set in stone, demo trading just provides a foundation to work from - just remember this is a VERY high risk strategy that must be traded responsibly...
this post and next post should pin for newcomers
  • #11,218
  • Apr 7, 2024 7:58am Apr 7, 2024 7:58am
M1 BTCUSD - original entries...
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result after some risk management and revised targets!
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Quoting BDfx77
{quote} ThankYou Nick! M1 BTCUSD closed early {image}
you're welcome bdfx77, you are trading the strategy very well so far...

the biggest challenge is dealing with drawdown and managing risk - it takes time and much practice for that to develop...

demo accounts and simulators are essential tools for trader development, i would not begin to trade live without them, and once trading live, i use them for continual refinement...

look forward to seeing more great trades!
every minute matters!
  • #11,219
  • Apr 7, 2024 7:49pm Apr 7, 2024 7:49pm
M1 XAUUSD
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every minute matters!
  • #11,220
  • Apr 7, 2024 11:42pm Apr 7, 2024 11:42pm
M1 BTCUSD
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every minute matters!
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