M1 AUDUSD
every minute matters!
M1 Countertrend Scalping Strategy
- #11,722
- Jun 6, 2024 10:16am Jun 6, 2024 10:16am
M5 AUDUSD - full daily loss was forced to avoid a breach, i was just a few pips short from preventing it after which it reversed moving onto hitting the original targets which would of put me way ahead in the trial, but it wasn't to be setting me back almost 5% instead - trading can be very cruel sometimes! {image} M1 AUDUSD - on the flipside it can also be very kind, the recovery was well assisted with the lucky escape on the last set of longs where i adjusted the targets just before they just got hit! {image} M1 EURUSD - small loss then recovery...
I had a rather relaxed day, the market was quite well behaved. I aimed to push yonder the 200 on my trades today but stopped a few short at the 200 as I had other things to focus on.
- #11,723
- Jun 6, 2024 10:25pm Jun 6, 2024 10:25pm
- Joined Dec 2022 | Status: Trader | 3,262 Posts
M1 AUDUSD - trend continuation on break of ema200...
i'm sure i'll get there once i do it enough times and get used to it, i appreciate the support! it is challenging and a great way to instil discipline, you can always try it for free before paying for an official challenge, i blew my first free trial very quickly! ftmo appear to be reputable, i'd feel comfortable risking my time and challenge fees with them at this stage...
a relaxed day that also includes excellent trades and profits is a great day, enjoy it!
{quote} You'll crack it, like you said its about adjusting your style to suit their rules and with some more time you'll have it figured out. I had a look at a few prop firms, liked the look of the funded trader however its went under. Plus watching your efforts and knowing Im no where near your level I'd likely blow it on day 1 so I think I'll keep practicing with my own funds for now. I had a rather relaxed day, the market was quite well behaved. I aimed to push yonder the 200 on my trades today but stopped a few short at the 200 as I had other...
a relaxed day that also includes excellent trades and profits is a great day, enjoy it!
every minute matters!
- #11,724
- Jun 7, 2024 2:11am Jun 7, 2024 2:11am
- Joined Dec 2022 | Status: Trader | 3,262 Posts
M1 AUDUSD
every minute matters!
- #11,725
- Jun 7, 2024 3:51am Jun 7, 2024 3:51am
Its been another good Friday. After going 8-1 yesterday, and 3-1 today, I'm obviously not focused enough this week. Net gains 48 pips over the 2 days (Well, 1 day and 2 hours).
All trades opened today are now closed.
Most difficult part of trading comes now.............quitting for the day.
All trades opened today are now closed.
Most difficult part of trading comes now.............quitting for the day.
Golden nuggets of wisdom not offered here.
- #11,728
- Jun 12, 2024 2:24am Jun 12, 2024 2:24am
Hello. Is anyone using cpfleger's systems?
Well last Friday was a tough one. What a beast of a trend. I took a bit of a hit and decided there needs to be a better way to deal with a runaway trend which I have been testing to some luck. Almost deployed it yesterday as the whole day was spent caught up with EU but after seeing the bottoms come in I decided to wait it out for BE + some. In hindsight I should of throw in another order on the second grouping of lows beginning 4pm. What bugs me about this strat is that some days you get no big trends and price reverts to the 200 within a hour or two, plenty of pips. Other days are spent doing nothing but being caught up in a big trend for very little profit. Yes I could of held yesterday but I like to be out before 6pm UTC for the sake of my nerves.
- #11,732
- Jun 12, 2024 6:56am Jun 12, 2024 6:56am
{quote} yeah bro, this is trend trading. The indicator is made on the basis of the half-trend indicator (only there are filters inside). yellow this closes the order. {image}
I decided to get out on the 50 seeing as the news is approaching. Following the news I may push for the 200 if things look good.
- #11,735
- Jun 12, 2024 8:07am Jun 12, 2024 8:07am
- Joined Dec 2022 | Status: Trader | 3,262 Posts
AUDUSD - double edged sword!
every minute matters!
- #11,737
- Jun 12, 2024 9:39am Jun 12, 2024 9:39am
- Joined Dec 2022 | Status: Trader | 3,262 Posts
{quote} Nice. Seems you have something that works for you. I decided to get out on the 50 seeing as the news is approaching. Following the news I may push for the 200 if things look good. {image}
here is my post trade analysis on your trades...
the entry on the first trade was late, the previous two highs were ideal considering the overextension from the ema, but it was still a valid entry... the exit on ema200 was ideal considering the previous support level and no other price action below it, so it was also late but still made profit and that's all that matters!
the entry on the second trade was very nice on the higher high, so an ideal exit point would of been a higher low near ema200...
the third entry was textbook and so was the exit - getting out before news is always a wise choice and one i need to learn to make myself!
look forward to seeing more, thanks for sharing pr31d and best of luck to you!
every minute matters!
- #11,738
- Jun 12, 2024 10:28am Jun 12, 2024 10:28am
- Joined Dec 2022 | Status: Trader | 3,262 Posts
Seems everyone was in on the news bar me! I picked a few pips off the top of GU, decided to TSL it once BE and let it play out. A good day! {image} Glad to see you've been busy Nik.
for me, trial #5 ends with the profit target well exceeded one day ahead of time but with busted daily and max loss limits...
again, i was too over exposed before a major news event but thought i'd have it covered by closing all before the limit breached, and of course it moved so fast within one minute i had no chance!
but still, i remained committed to recovering the account before moving onto the next trial...
every minute matters!
- #11,739
- Jun 12, 2024 11:28pm Jun 12, 2024 11:28pm
- Joined Dec 2022 | Status: Trader | 3,262 Posts
M1 AUDUSD
every minute matters!
- #11,740
- Edited 7:33am Jun 13, 2024 7:15am | Edited 7:33am
- Joined Dec 2022 | Status: Trader | 3,262 Posts
M1 AUDUSD - exiting before news hits!
safer than taking a gamble!
safer than taking a gamble!
every minute matters!