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M1 Countertrend Scalping Strategy

  • #11,821
  • Jul 4, 2024 12:32am Jul 4, 2024 12:32am
M1 AUDUSD - another three orders!
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every minute matters!
  • #11,822
  • Jul 4, 2024 12:46am Jul 4, 2024 12:46am
M1 AUDUSD - and another three!
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every minute matters!
  • #11,823
  • Jul 4, 2024 5:26am Jul 4, 2024 5:26am
M1 AUDUSD - with a three order limit, aim for smaller staggered targets and flip orders when possible!
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every minute matters!
  • #11,824
  • Jul 4, 2024 11:46pm Jul 4, 2024 11:46pm
Yesterdays effort. Aimed for the 400, on price crossing the 400 for the second time it was the signal to bail. See you all Monday!
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  • #11,825
  • Jul 5, 2024 8:39pm Jul 5, 2024 8:39pm
Quoting PR31D
Yesterdays effort. Aimed for the 400, on price crossing the 400 for the second time it was the signal to bail. See you all Monday! {image}
it was great effort actually, your exit was very well timed to avoid being stuck in the uptrend and still produced a profit!
every minute matters!
  • #11,826
  • Jul 5, 2024 9:36pm Jul 5, 2024 9:36pm
M1 BTCUSD
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every minute matters!
  • #11,827
  • Jul 5, 2024 9:56pm Jul 5, 2024 9:56pm
Quoting niks
M1 BTCUSD {image}
people leave, but this thread will go on for ever
  • #11,828
  • Jul 6, 2024 11:45pm Jul 6, 2024 11:45pm
M1 BTCUSD
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Quoting Aussi
{quote}
cheers mate!
every minute matters!
  • #11,829
  • Jul 7, 2024 3:07am Jul 7, 2024 3:07am
M1 BTCUSD
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every minute matters!
  • #11,830
  • Jul 7, 2024 5:21am Jul 7, 2024 5:21am
M1 BTCUSD
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every minute matters!
  • #11,831
  • Jul 7, 2024 5:48am Jul 7, 2024 5:48am
M1 BTCUSD - gone in 30 seconds!
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every minute matters!
  • #11,832
  • Jul 9, 2024 8:05am Jul 9, 2024 8:05am
Havent been able to get sat down for a full day trading this week so far. Target is now the 200 for all orders for the foreseeable future due to this three order limit. I hopped out of this trade as it was lunch and I was too distracted to keep an eye on things. I'm not fussed that it kept on going for miles.

I feel I have lot size where it needs to be to get the profit in whilst giving me lots of breathing room if things get wild.

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  • #11,833
  • Jul 9, 2024 11:39am Jul 9, 2024 11:39am
Quoting niks
M1 BTCUSD {image}
The blue and pink line on the chart Niks… is that a color changing 200 ema?… do you have the download link for that please?
  • #11,834
  • Jul 9, 2024 7:32pm Jul 9, 2024 7:32pm
Quoting CM-PunkFX
{quote} The blue and pink line on the chart Niks… is that a color changing 200 ema?… do you have the download link for that please?
it is the keltner channel mid line sma20, the ema200 is the green line...
every minute matters!
  • #11,835
  • Jul 10, 2024 1:30am Jul 10, 2024 1:30am
Quoting niks
M1 AUDUSD - with a three order limit, aim for smaller staggered targets and flip orders when possible! {image}
I havent been too focused on what else is going on in the thread. I just spotted a fair few of your posts are all groups of three orders! I wish I had that level of skill, its like you know which direction price is going to move. If I went three orders in I would be worried what I'd do if price moved against me.
  • #11,836
  • Jul 10, 2024 1:52am Jul 10, 2024 1:52am
Quoting PR31D
{quote} I havent been too focused on what else is going on in the thread. I just spotted a fair few of your posts are all groups of three orders! I wish I had that level of skill, its like you know which direction price is going to move. If I went three orders in I would be worried what I'd do if price moved against me.
that's fine mate, they will always be there for reference, i'll do some more when i get a chance - you can and WILL achieve that level with lots more practice and time, eventually you too will feel which direction it's going to move and i bet you are already starting to feel it, keep up the hard work!
every minute matters!
  • #11,837
  • Jul 10, 2024 6:26am Jul 10, 2024 6:26am
Quoting niks
{quote} that's fine mate, they will always be there for reference, i'll do some more when i get a chance - you can and WILL achieve that level with lots more practice and time, eventually you too will feel which direction it's going to move and i bet you are already starting to feel it, keep up the hard work!
I have some time off in the next few weeks and I aim to get more practice in. I feel more confident in my entries, I know I need to work on my exits, stop jumping out on a +SL and ride it out to the 200 more. Two orders today would of been better if left to run. Still, not a bad day overall.
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  • #11,838
  • Jul 10, 2024 7:07am Jul 10, 2024 7:07am
Quoting PR31D
{quote} I have some time off in the next few weeks and I aim to get more practice in. I feel more confident in my entries, I know I need to work on my exits, stop jumping out on a +SL and ride it out to the 200 more. Two orders today would of been better if left to run. Still, not a bad day overall. {image} {image} {image}
they are excellent trades, all closed in profit is all that matters, the exits will take longer to develop, entries are easy!

M1 AUDUSD - three orders averaged up after confirmation on break above ema9 in the area of the cap channel midline, small staggered targets at resistance and into upper channels...
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don't panic during the ups and downs, your hands are tied until you exit, watch price action in relation to ema's very closely, then trust the strategy and your ability to execute it!
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i got a bit lazy in this sequence, i should of exited early on the second and third failed attempt to break resistance and flipped a few times while ema200 provided support...
every minute matters!
  • #11,839
  • Jul 10, 2024 8:36am Jul 10, 2024 8:36am
M1 AUDUSD - three orders averaged down for a countertrend, mistimed the second order, better if they were spaced out more...
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every minute matters!
  • #11,840
  • Jul 10, 2024 11:03pm Jul 10, 2024 11:03pm
M1 AUDUSD - three order limit, two countertrend and one with trend...

the with trend order was too early and failed to follow through providing further countertrend opportunities, but my hands are tied! just continue watching price action in relation to ema's bar by bar, feel what is happening and be very prepared to take action...

with the failed break above ema200, i expect price to drop further and possibly spend some time below it, but it will break back above and hopefully spend enough time above it to reach targets sitting at resistance...
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and there it is, exactly as expected!
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(just ignore the last two countertrend orders, i couldn't resist the profits!)
every minute matters!
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