M1 Countertrend Scalping Strategy

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ok there's a lot that you have learned and you may already know about risk management so I will start by explaining to you the whole truth about risk management So you can unlearn all the wrong things that you have learned and you might are applying it okay so first of all risk to reward ratio the famous risk to management theory risk to reward ratio is nothing it's availabe in all gambling like casino, if you go to any casino in any game you have risk to reward ration okay so the money you gamble either you win it times 2, 3 or maybe times 10 it depends on the type of the game and what are you gambling exactly what are your possibilities or probabilities so risk to reward ration is related to your probability of success that's why it's pure gambling okay so let's take an example a roulette in a casino to understand it more if you want to double your money so risk to reward ratio of 1:2 okay and to understand it in forex trading your stop loss is 1 and your take profits is 2 times of your losses so here you are gambling you are betting that price let's say in roulette okay, what you want is an even number so you have 50% chance to get even and 50% to get odd number and your risk to reward ratio is 1 to 2 so if you place 100$ in this gamble either you win another 100 and now you have 200$ or you lose your 100$ okay so this is risk to reward ratio you can also gamble on more profitable let's say if you win for example like a specific number on the roulette or a color or lots of other possibilities and combinations the more you precise what you want to obtain the less chance you will have to obtain and more over your risk to reward ratio will become much higher you may even use 1 to 10 but in this way if you are using a risk to reward ratio in gambling or even in forex trading 1:10 your winning percentage will be very low that's why you're not going to win okay

Quoting gringo2019

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acacialuc, Using cpfleger's page 1 Template, see screenprint. {image}

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Quoting gringo2019

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acacialuc, Using cpfleger's page 1 Template, see screenprint. {image}

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Quoting gringo2019

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The Real 1% Club is the monthly paid subscription to KoF Membership and they trade everyday with a few exceptions but you learn the proper way to trade using the paid Trading Course and you learn to lose before you win those long trades which happen everyday. Others dream but KoF and his Members do walk the talk including me.

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Quoting niks

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M1 AUDUSD {image}

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Quoting PR31D

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Whilst looking over your screenshots trying to better my understanding of your ways I had a thought. Which zoom level(s) do you trade at? I trade at the level of my screenshots. I see your SS's sometimes are zoomed in, others zoomed out to show longer holds. Is this a strange question? I know you use the ema's as dynamic SR, some of your entries and holds still have me baffled!

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Quoting niks

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{quote} not at all, when dealing with a single timeframe, zoom levels play an important role, the screen shots are typically trying to capture the best view of the trade... i will add i find the background graphics of your charts very distracting... while trading, the zoom level plays a critical role and starts at mid level then zooms in and out from there for further analysis of price action... that's correct, ema's are dynamic support and resistance levels and price action levels are equally important! i have tried my best to clearly and openly...

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Quoting PR31D

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{quote} Thank you for the guidance. I'll read over the PA Common Sense thread over the weekend, I've also ordered the Al Brooks book mentioned as it isnt too pricey. I did think about zooming in to my trades for screenshot purposes however I feel it would misrepresent how I currently trade

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