Attachments: M1 Countertrend Scalping Strategy

M1 Countertrend Scalping Strategy

#11,921
Aug 6, 2024 5:03am Aug 6, 2024 5:03am

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

What a good system, thanks Abade.

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#11,922
Aug 6, 2024 7:24am Aug 6, 2024 7:24am

JackintheBox
Joined Sep 2008 | Status: Trader | 2,275 Posts

Quoting niks

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M1 AUDUSD {image}

Ignored

Thanks Niks for insight. Now show us please your huge loss from last days and how you handled that. Thank you!

#11,923
Aug 6, 2024 7:36am Aug 6, 2024 7:36am

Frag8383
Joined Oct 2018 | Status: Trader | 499 Posts | Online Now

Quoting niks

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so close, bugger!!!{image}

Ignored

Don't worry shit happens.
I took a 20 eur account and took it to 230 in 2 weeks.
I blew the account today ohhhhhh I got caught in the massive gbpusd down movement without any retracements.
I could see it happening yesterday I grew the account by 89%
I was able to achieve those results because of many orders on just one area, went it goes you grow the account very fast because in reality you have one big position but on the other hand can easily happen what happened to me today.

I'm going to spread a lot more my entries and only trade with the trend
Let see how it goes

Kind regards

#11,924
Aug 6, 2024 7:37am Aug 6, 2024 7:37am

Frag8383
Joined Oct 2018 | Status: Trader | 499 Posts | Online Now

Quoting PipsArt

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What a good system, thanks Abade. {image}

Ignored

How do you avoid trends?

#11,925
Aug 6, 2024 7:42am Aug 6, 2024 7:42am

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

Quoting Frag8383

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{quote} How do you avoid trends?

Ignored

I never avoid trend, I follow what market want.
When trend, I use trend trade, when sideways, I counter trend.

#11,926
Aug 6, 2024 7:46am Aug 6, 2024 7:46am

Frag8383
Joined Oct 2018 | Status: Trader | 499 Posts | Online Now

Quoting PipsArt

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{quote} I never avoid trend, I follow what market want. When trend, I use trend trade, when sideways, I counter trend.

Ignored

So when all emas for long are on top of eachother only longs when they are crossed sideways

I thinks is best like that
Kind regards

#11,927
Edited 8:07am Aug 6, 2024 7:57am | Edited 8:07am

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

Quoting Frag8383

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{quote} So when all emas for long are on top of eachother only longs when they are crossed sideways I thinks is best like that Kind regards

Ignored

Yes, you are correct, but you need to remember, emas are following the price, use them as a tool, and we cannot know when the market really going to sideways and trend.

Will gold break today low ? No one know

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#11,928
Aug 6, 2024 8:32am Aug 6, 2024 8:32am

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

Quoting JackintheBox

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{quote} Thanks Niks for insight. Now show us please your huge loss from last days and how you handled that. Thank you!

Ignored

no problem jackinthebox, but why do you assume there is a "huge" loss? i already posted the results of my trial yesterday showing the maximum loss so far, the trial is still running so feel free to explore for yourself how i recently recovered a 5% loss in quick time and my current profits...

i have documented my losses and recoveries many times in this thread, but i prefer to show my profits and how to make them! feel free to explore my losses while i keep the trade explorer open for now...

when was the last time you posted a loss? please feel free to post one here for our analysis next time you take a loss, thank you!

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Quoting PipsArt

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What a good system, thanks Abade. {image}

Ignored

excellent work pipsart, well done! i notice you are trading with trend exceptionally well...

Quoting Frag8383

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{quote} Don't worry shit happens.

Ignored

thank you, you're on the right path, you are definitely feeling it, best of luck to you!

ema200 provides the best clue on when the market is sideways or trending in my opinion...

every minute matters!

#11,929
Aug 6, 2024 8:54am Aug 6, 2024 8:54am

tapikotakupe
| Joined Apr 2024 | Status: Trader | 129 Posts

if my understanding is correct in this system. You are trading the retracement am i right?

#11,930
Aug 6, 2024 9:49am Aug 6, 2024 9:49am

Frag8383
Joined Oct 2018 | Status: Trader | 499 Posts | Online Now

Do you guys use volume at all? if so please could you tell how you guys use it I stil trying to find a way to use

thanks
Kind Regards

#11,931
Aug 6, 2024 9:53am Aug 6, 2024 9:53am

JackintheBox
Joined Sep 2008 | Status: Trader | 2,275 Posts

Quoting Frag8383

Disliked

{quote} Don't worry shit happens. I took a 20 eur account and took it to 230 in 2 weeks. I blew the account today ohhhhhh I got caught in the massive gbpusd down movement without any retracements. I could see it happening yesterday I grew the account by 89% I was able to achieve those results because of many orders on just one area, went it goes you grow the account very fast because in reality you have one big position but on the other hand can easily happen what happened to me today. I'm going to spread a lot more my entries and only trade with...

Ignored

Hi Frag, interesting to hear. May I ask how big is your spread? 0.3 pips around and 1$ round turn or better?

#11,932
Aug 6, 2024 10:06am Aug 6, 2024 10:06am

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

Quoting Frag8383

Disliked

Do you guys use volume at all? if so please could you tell how you guys use it I stil trying to find a way to use thanks Kind Regards

Ignored

when volume are increasing, there is a sign that the market will trend, when decrease there is sign of sideways.

#11,933
Aug 6, 2024 10:14am Aug 6, 2024 10:14am

Frag8383
Joined Oct 2018 | Status: Trader | 499 Posts | Online Now

Quoting JackintheBox

Disliked

{quote} Hi Frag, interesting to hear. May I ask how big is your spread? 0.3 pips around and 1$ round turn or better?

Ignored

I trade with IC Markets and only trade EURUSD-AUDUSD-GBPUSD-USDJPY

Other pairs have good spread but very bad high comission

#11,934
Aug 6, 2024 2:36pm Aug 6, 2024 2:36pm

gringo2019
| Commercial User | Joined Feb 2019 | 3,404 Posts

Frag8383,
Use an IC Markets Standard account and remove the commission fee per Instrument as defined by the original Moving Average strategy from KoF.
The free video's are only 50% correct and with less Indicators than others use her, since it's really Abades Forum.

#11,935
Aug 6, 2024 9:01pm Aug 6, 2024 9:01pm

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

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#11,936
Aug 6, 2024 10:01pm Aug 6, 2024 10:01pm

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

Quoting JackintheBox

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{quote} Hi Frag...

Ignored

you didn't answer so i'm still curious jackinthebox, why post a baseless assumption that i had a "huge" loss?

Quoting Frag8383

Disliked

Do you guys use volume at all? if so please could you tell how you guys use it I stil trying to find a way to use thanks Kind Regards

Ignored

i stopped using volume and replaced it with rsi, pipsart has a good handle on volume analysis and it's worth listening to that advice - you have chosen the right pairs to work with, all have low spreads and varying amounts of volatility...