Attachments: M1 Countertrend Scalping Strategy

M1 Countertrend Scalping Strategy

#11,901
Aug 4, 2024 6:21am Aug 4, 2024 6:21am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

Quoting CM-PunkFX

Disliked

{quote} Am I mistaken if I’m the screenprint this is a RSi 7 and then the 3 ema’s are ema 200, ema 20 and ema 50?

Ignored

yes, it is rsi7, and ema9, ema20, ema50 and ema200

M1 BTCUSD - countertrend targeting sma20...

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and that's how it's done!

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every minute matters!

#11,902
Aug 4, 2024 6:57am Aug 4, 2024 6:57am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

M1 BTCUSD - and one more time...

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why not!

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every minute matters!

#11,903
Aug 4, 2024 7:00am Aug 4, 2024 7:00am

CM-PunkFX
| Joined Nov 2023 | Status: Trader | 162 Posts

Quoting niks

Disliked

{quote} yes, it is rsi7, and ema9, ema20, ema50 and ema200 M1 BTCUSD - countertrend targeting sma20... {image} and that's how it's done! {image}

Ignored

Thanks Niks… I quite often see that the price returns to the ema 20 on the charts too… infact always. I guess the million dollar question is always the right entry. Some at it’s the highest winrate to target ema 20 but obviously the factors are where did you get in… spreads and more importantly your lot size. As it’s always more wise to use a pair that has lower spreads. And also the lot size used is a deciding factor… counter trending you can’t use a big lot size, yet the position size can’t be too small otherwise it’s not worth trading big it makes you $2 a day.

#11,904
Aug 4, 2024 7:32am Aug 4, 2024 7:32am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

Quoting CM-PunkFX

Disliked

{quote} Thanks Niks… I quite often see that the price returns to the ema 20 on the charts too… infact always. I guess the million dollar question is always the right entry. Some at it’s the highest winrate to target ema 20 but obviously the factors are where did you get in… spreads and more importantly your lot size. As it’s always more wise to use a pair that has lower spreads. And also the lot size used is a deciding factor… counter trending you can’t use a big lot size, yet the position size can’t be too small otherwise it’s not worth trading...

Ignored

you're welcome cm-punkfx, the strategy does require substantial capital to make it worthwhile, especially with a low leverage... it is the reason i am aiming to secure a prop firm account, but i would not be in a position to do so without first learning the strategy on micro lots then mini lots to begin with, i was happy with making just one dollar a day!

performance should dictate the right time to increase capital and it should never be rushed... think about this way, if you could actually make two dollars a day every single day that you traded, what would that mean?!

the strategy is mainly a guideline for developing a feel for the market and getting better at reading it, trading successfully ultimately relies on sound trade management that can only be developed through experience and lots and lots of practice, using a simulator helps speed up the development process significantly...

every minute matters!

#11,905
Aug 4, 2024 9:53am Aug 4, 2024 9:53am

TrendTrader-
| Joined Aug 2024 | Status: Trader | 1 Post

Trade Alert: BTC/USD Sell Signal
We’ve identified a compelling sell opportunity for BTC/USD using our Power Candle Trend Trading System. Here’s why this trade could be a strong move:
Trade Overview: