M1 Countertrend Scalping Strategy

why did you choose there fro a buy?

M1 EURUSD - patiently waiting for a deeper pullback to ema20 for entry into this emerging trend,

added another entry at ema50 expecting a bounce off it...
and targeting a break of the previous high for a quick scalp as the trend continues!


managing risk - cost average down to ema200, if it breaks below ema200, stop entering, watch price action closely for chances of a recovery, if it breaks below support levels below ema200, then it becomes a bad trade, manage accordingly but best to take a loss!

M1 EURUSD - there are many ways to exit...

in this case i took profit at resistance for the first order, could of flipped the first order in the circled area but didn't, and let the second order run for a break of resistance!

and the trend continues!

M1 EURUSD - risk management in action!

first two orders were trend continuation, first off ema20, then ema50...

but the pullback ran deeper so now i expect a move down to ema200 and entered two more countertrend orders with larger gaps... it moves to ema200 and i watch price action very closely, i see the double bottom form and am happy to stay in the trade, a break below that level would have me considering taking a loss... targets are readjusted for the bad trade and profits taken as soon as reasonable up to the resistance area!

M1 EURUSD - trend continuation entries between ema20 and ema50...


targeting break of previous high...
and reaching it!

M1 EURUSD - moving fast now...

only had time for one entry!