M1 Countertrend Scalping Strategy

M1 BTCUSD

Thank you for your contribution @Present.

This indicator does not react as violently to decreasing/increasing volatility as the classic channel indicators do (i.e: Bollinger Bands). This is a useful feature because it prevents a lot of premature entries.

I am sure your template and style sparked the curiosity of a lot of traders, so please feel free to share your knowledge with us.

If you add a buyer's vs seller's volume it gets even easier. Once you know what volume numbers to look for based on the timeframe, its about as easy as trading gets.

niks!

You are showing how easy it is.

I get the happy face seeing people dominate!

Can you display an example on XAUUSD in our favorit timeframe?

Sorry.

I do not have access to gold or indices. Just Forex pairs.

Ok. How about your main traded forex pair? Just how do get an inside of your volume interpretation. Thanks!

Any of the major pairs works.

Here is the volume oscillator that I actually got from Forex Factory last year.

The volume parameters will be different depending on the timeframe you choose.

For example, I confess I spend more time on the M5 (sorry everyone). So here is how it works:

Buyer's 0 / Seller's 0 = obviously means no volume.
If Buyer's volume goes up from 0 to 2 or more - price will likely rise in the next minute or so. If it goes from 0 to 7 or 8 or more, price is going strongly up.

So you are in a trade and buyers volume has been at say 7 for a few minutes. That does not mean continued upward momentum. It means volume is moving toward equilibrium and momentum has paused. From this point on, you are looking for the buyer's volume to go over 7 before the upward momentum returns. That means that if the buyer's momentum goes down below 7, say it goes to 6, then price will actually retreat lower.

This doesn't mean the upward overall move is done. But its a mini pullback.

If you go to higher timeframes to check the trend, you'll see that what was a 7 on the M5 is probably in the 10-15 on the H1. That's a good sign. Price on the M5 is really in a longer term overall up trend. I do the same thing on the D1 charts. On D1 you'll often see the buyer's volume over 30 and up to even 200 all the time. If its up like that on the D1 chart - you are almost guaranteed that without a high impact news spike, its a go LONG day on that pair.

It just takes practice looking at it.

I have often opened a H1 or D1 chart even if I only intend to trade for 30 minutes. If the buyer's volume is going up from where it was sitting for a little while (maybe the top of the hour), I jump in with a lot entry and ride it for a few minutes. When the volume number drops, close. Take the win. Watch for a few minutes more, if volume goes back up, re-enter for a few minutes and take the win. Most often its 20 pips or more. Then do it again, etc. Even if you find yourself down on one of these (its common to be down about $120 sometimes on a 1 lot entry), you know that the day's trend is up as long as the buyer's volume on that chart stays above zero and its probably ok to just let it ride until you are in profit.

I know its a lot to trust in something until you've done it yourself for many trades. But I am at the point where I only enter a trade when I have a high probability of winning. No more guessing.

My trading got much easier once I figured out the volume.

My final post of the day as I know I took up too much of the thread.

But I just want to show how easy trading really is.

Here's what happened today, and its just a gift that didn't take any guessing. Had high probability of success. And anyone can do it.

Here you go CM

actually, you have just shown us a method of making it easier, i am still learning and very much appreciate all you have shared!

i get a happy face seeing traders come into this thread to share their knowledge and insights!!!

you have also revitalised my interest in volume analysis after having dropped it a while back, thanks for your detailed explanation of how you use it...

Thank you very much for your detailed explanation. I really appreciated it. I will pay more attention to the volume in future.

Really powerful lvls to be monitored wti, it all depends on how the price comes there and pa, if now goes long and reaches certain LVLs setup can fail. Gold still melting, now reached ema200 tf15m , overall she wants to go more up I think,but now it is not certain for me and I will wait

eur/usd zar really need to see more deep to consider long,maybe it will react now so if missed i`ll search another one

tp1 reach, second left for a possible massive run

ej monitoring 168.1

got some profit, out reaching sup/res , next poi 168.4,still, this pair got a good tendency to fall , shame not fall around 168.1

there she goes,if cut true 168 may fall like a rock, just a logic behind it,as fails to go down *arrow* then I wait impulses,than she should return to the mother hugging her ,so I wait that mother becomes worried why she is not coming to her, I love trading.


@Abade,I hope it is not a problem to put intense replays of how I trade in your thread, I`ve got a journal as well so I can only put there,

Another good day of trading.

3 wins, 0 losses.

Last trade:


In case anyone was wondering. it did eventually reach the Cap after I got out.

eu watching closely , need to push up more and then pa watch for shorting