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M1 Countertrend Scalping Strategy

  • #12,001
  • Aug 13, 2024 1:11am Aug 13, 2024 1:11am
M1 AUDUSD
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every minute matters!
  • #12,002
  • Aug 13, 2024 1:41am Aug 13, 2024 1:41am
anyone pass this strategy using in prop firm? what other confluence can i use if measuring until what distance it will take away in the ema's i tried to use vol but im not use to it i think using rsi is doable for me
  • #12,003
  • Aug 13, 2024 2:34am Aug 13, 2024 2:34am
Quoting tapikotakupe
anyone pass this strategy using in prop firm? what other confluence can i use if measuring until what distance it will take away in the ema's i tried to use vol but im not use to it i think using rsi is doable for me
Im currently trying to pass a prop firm evaluation. Am I ready for it? No but as long as I stick to the rules the worst case is it takes me ages to pass. I'll post my progress on Thursday regardless of how well or bad it went.

When it comes to deciding where and when to enter that appears to be something that can only develop with time. For a while I would only enter if price was x pips away from the 9 or 20 or 50 and so on, sometimes I had to see a 9 cross, other times I would jump in on a suddenly extension of price away from the 9. As I've practiced Ive found that setting a certain distance from X ema to jump in is not a good idea, for me there needs to be some sign that price could change direction. RSI seems to work for some here, its an ema in itself.

There's also the fun of deciding when to jump out. I try aim for the 200 but have found myself jumping out on the 20 or 50 depending on how things are shaping up. A small profit is still profit.

And there there is getting caught up a trend.
  • #12,004
  • Aug 13, 2024 2:50am Aug 13, 2024 2:50am
noted brother! waiting for the result hope you pass your evaluation
  • #12,005
  • Aug 13, 2024 3:20am Aug 13, 2024 3:20am
Quoting tapikotakupe
anyone pass this strategy using in prop firm? what other confluence can i use if measuring until what distance it will take away in the ema's i tried to use vol but im not use to it i think using rsi is doable for me
At first I have hard time to read volume, but I keep using it until I familiar with it.

Just a hint :
Every session market will trend/mini trend. When trend, follow the ma. After trend market will be slow, that time is counter trade.
I cannot tell you how to read the market, because I dont know how to describe it.
You need to know the pair characteristic by watching how it move.
Only time will tell..

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  • #12,006
  • Aug 13, 2024 3:29am Aug 13, 2024 3:29am
Quoting PipsArt
{quote} At first I have hard time to read volume, but I keep using it until I familiar with it. Just a hint : Every session market will trend/mini trend. When trend, follow the ma. After trend market will be slow, that time is counter trade. I cannot tell you how to read the market, because I dont know how to describe it. You need to know the pair characteristic by watching how it move. Only time will tell.. {image}
usually what session are you going to look for trade bro? me i have a limited time so asian open to london open (2hrs)
  • #12,007
  • Aug 13, 2024 3:44am Aug 13, 2024 3:44am
Quoting tapikotakupe
{quote} usually what session are you going to look for trade bro? me i have a limited time so asian open to london open (2hrs)
Asia and London (mostly), sometimes US (rarely)
  • #12,008
  • Aug 13, 2024 7:47am Aug 13, 2024 7:47am
Quoting tapikotakupe
anyone pass this strategy using in prop firm? what other confluence can i use if measuring until what distance it will take away in the ema's i tried to use vol but im not use to it i think using rsi is doable for me
same as pr31d, i am also working on securing a prop account with this strategy... as for additional confirmations, i use rsi and keltner channel and more recently the cap channel...

some advice i can give is unless you are very experienced, do not have open positions during a major news event, trade responsibly - most if not all my drawdown breaches while running the prop account trials occurred during high impact news... the simple lesson i learnt from that? close all positions or have very little exposure during the news event!

like just now, taking a very small loss just before this news event has saved me from what looks like a certain breach!
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it's best to trade responsibly if you want to secure and more importantly keep a prop account... best of luck to you!
every minute matters!
  • #12,009
  • Aug 13, 2024 7:59am Aug 13, 2024 7:59am
Another quick scalp.
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  • #12,010
  • Aug 13, 2024 10:02pm Aug 13, 2024 10:02pm
M1 AUDUSD
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every minute matters!
  • #12,011
  • Aug 14, 2024 6:03am Aug 14, 2024 6:03am
Today scalps
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  • #12,012
  • Aug 14, 2024 7:45am Aug 14, 2024 7:45am
Quoting PipsArt
Today scalps{image}.
Things havent been great so far for me today. I should have aimed for the 50 given the momentum.

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  • #12,013
  • Aug 14, 2024 8:26am Aug 14, 2024 8:26am
Quoting PR31D
{quote} Things havent been great so far for me today. I should have aimed for the 50 given the momentum. {image}
it was a tough trend - you used your three orders as best you could and got out of it at least... some days are better than others, that's for sure!

M1 AUDUSD
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every minute matters!
  • #12,014
  • Aug 14, 2024 8:46am Aug 14, 2024 8:46am
Quoting PR31D
{quote} Things havent been great so far for me today. I should have aimed for the 50 given the momentum. {image}
we play with high probability.
  • #12,015
  • Aug 14, 2024 8:57am Aug 14, 2024 8:57am
M1 AUDUSD
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every minute matters!
  • #12,016
  • Aug 14, 2024 10:22pm Aug 14, 2024 10:22pm
M1 AUDUSD
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every minute matters!
  • #12,017
  • Aug 14, 2024 10:41pm Aug 14, 2024 10:41pm
hi. is there any indicator find me OHCL of selected candle in past?
For example i have H L of a selected candle and i want to find a candles in past which face in this selected candle
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  • #12,018
  • Aug 14, 2024 11:12pm Aug 14, 2024 11:12pm
M1 AUDUSD
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every minute matters!
  • #12,019
  • Aug 15, 2024 8:53am Aug 15, 2024 8:53am
Finally have a chance to play for awhile.
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  • #12,020
  • Aug 15, 2024 8:59am Aug 15, 2024 8:59am
PipsArt,
Excellent trades my man...
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