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M1 Countertrend Scalping Strategy

  • #11,461
  • May 14, 2024 3:34am May 14, 2024 3:34am
I didn't get in until the ema channel cross, but I liked it.
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  • #11,462
  • May 14, 2024 3:46am May 14, 2024 3:46am
Quite a slow day for me so far. I did some +SL small scalps but missed two of the peaks, one of which being the nice drop to the 200... I should of let my first order just roll but felt panicked about gold firing up for some reason. Less would of been more.
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  • #11,463
  • May 14, 2024 3:58am May 14, 2024 3:58am
I'm taking tomorrow off due to the number of high impact news items. I have too much running around to wait for them to hit and ride the retraces. They will be a great opportunity for everyone who's not me.

Happy trading amigos.

3 wins this morning and no time to keep trading. I hope everyone here beats me by a mile.


Btw: I see the sentiment on Eur/Usd was 80% down. It's a shame people have to lose so we can win. But that's why it works so well. Way more losers than winners.
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  • #11,464
  • May 14, 2024 5:32am May 14, 2024 5:32am
Yeeeeessss! The pending sell order hit!

It's so nice to be driving to work and close out a huge win before I get there.
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  • #11,465
  • May 14, 2024 6:40am May 14, 2024 6:40am
M1 XAUUSD
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Quoting Present
Yeeeeessss! The pending sell order hit! It's so nice to be driving to work and close out a huge win before I get there.
it's great to see you killing it present!
every minute matters!
  • #11,466
  • May 14, 2024 6:42am May 14, 2024 6:42am
Quoting charli86
{quote}eurzar stoped out small gain,looking for uper
possible a full TP hit even more down,first pos closed,second left , just these horrible spreads jumping up/down up down
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Make your own rules and stick to it.
  • #11,467
  • May 14, 2024 6:47am May 14, 2024 6:47am
usdcad exactly at news time good setup will arrive,this is happening too much often,could be rocket so I wait deep
Make your own rules and stick to it.
  • #11,468
  • May 14, 2024 7:00am May 14, 2024 7:00am
M1 XAUUSD
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every minute matters!
  • #11,469
  • May 14, 2024 7:14am May 14, 2024 7:14am
Quoting charli86
usdcad exactly at news time good setup will arrive,this is happening too much often,could be rocket so I wait deep
c`mon USD cad jump jump ,I believe u can make it tp1 36490
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Make your own rules and stick to it.
  • #11,470
  • May 14, 2024 7:15am May 14, 2024 7:15am
eurzar second out
Make your own rules and stick to it.
  • #11,471
  • May 14, 2024 7:28am May 14, 2024 7:28am
wti was so near, not exactly but was watching it closely,eu missed as monitoring usdcad eurzar...moving moving
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Make your own rules and stick to it.
  • #11,472
  • May 14, 2024 7:35am May 14, 2024 7:35am
M1 XAUUSD
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Quoting PR31D
{image} Out too soon Still, small profit is better than nothing. {image} A nice start to what I hope is a good week.
it happens all the time, profit is profit which is always a nice way to start!
every minute matters!
  • #11,473
  • May 14, 2024 9:20am May 14, 2024 9:20am
Quoting charli86
wti was so near, not exactly but was watching it closely,eu missed as monitoring usdcad eurzar...moving moving {image} {image}
closing for a good all-altogether 30 pips,at least for me very very good,eu watching around 83300 and 83400,if pa allows of course
Make your own rules and stick to it.
  • #11,474
  • May 14, 2024 9:32am May 14, 2024 9:32am
Quoting charli86
eurzar second out
finally returns to Mother all the best to everyone
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Make your own rules and stick to it.
  • #11,475
  • May 14, 2024 10:09am May 14, 2024 10:09am
Quoting Darwati
Buy on low Sell on High After trying for a long time..... Finally able to combine CounterTrend and MiniTrend Just test how effective it is {image}
if you want to combine CounterTrend and MiniTrend on m1 , m5 , m15
use TMA CG or cap-channel
add SMA and connect it with TMA CG centerline or cap-channel centerline
TMA CG or cap-channel must be repainted, so you have to refresh it periodically
set SMA value = 0.5 of TMA CG or cap-channel

I use 3 monitors
Each monitor only has 1 gold chart (no other pair)
3 monitors for each M1-M5-M15 (gold only)
Each chart must be refreshed periodically
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  • #11,476
  • May 14, 2024 10:28am May 14, 2024 10:28am
Quoting Darwati
{quote} if you want to combine CounterTrend and MiniTrend on m1 , m5 , m15 use TMA CG or cap-channel add SMA and connect it with TMA CG centerline or cap-channel centerline TMA CG or cap-channel must be repainted, so you have to refresh it periodically set SMA value = 0.5 of TMA CG or cap-channel I use 3 monitors Each monitor only has 1 gold chart (no other pair) 3 monitors for each M1-M5-M15 (gold only) Each chart must be refreshed periodically {image}
Attached File(s)
File Type: tpl CounterTrend-MiniTrend.tpl   31 KB | 340 downloads

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  • #11,477
  • Edited 12:13pm May 14, 2024 11:32am | Edited 12:13pm
I see some pretty good ideas posted here.

When we're into the low volume areas of the afternoon and afraid to enter a channel cross entry, I do find that it's not too difficult to wrangle another 20 Pips out of the market before New York ends.

I use the macd. I don't do it that often anymore but today was an opportunity.

To elaborate: low volume gives me a different kind of fantastic opportunity everyday if I want to take advantage of it. Price is just ranging. No big news coming out before New York closes. So the gentle slight up and down movement of price until the end of the session but it makes a quick little move one way or the other to close for the day.

So something I do is to watch when price goes over or under the blue 25 EMA channel. Place a counter trend trade and expect to close on the opposite side of the EMA channel. For example, prices above the top blue EMA. Place a sell order and watch price go past the upper blue EMA and touch the lower Blue EMA which is the close point. You could literally do this 5 to 10 times a day.
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  • #11,478
  • May 14, 2024 11:46am May 14, 2024 11:46am
Quoting Darwati
{quote} {file} {image} {image}
Beautiful. I like your thoughts and your charts
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  • #11,479
  • May 14, 2024 2:10pm May 14, 2024 2:10pm
Quoting Present
{quote} Beautiful. I like your thoughts and your charts
Counter Trend buy if the SMA Line is below the middle line and the price is near the lower band
Counter Trend sell if the SMA Line is above the middle line and the price is near the upper band
If you want to do mini trend scalping, buy if the SMA is below the middle line, target close at the upper band
If you want to do mini trend sell scalping if the SMA is above the middle line, the target is to close the lower band
My indicators are just for comparison to make it easier to understand
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When you trade live, usually the concept of counter trend or mini trend gets mixed up, especially if it is floating minus
for this, many filters are needed as a cross-check
imagine I use many filters, and 3 monitors, it must be complicated
  • #11,480
  • May 14, 2024 2:44pm May 14, 2024 2:44pm
The last 3 hours of new york for countertrend trading across the 25 EMA channel.
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