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M1 Countertrend Scalping Strategy

  • #12,381
  • Oct 6, 2024 7:04am Oct 6, 2024 7:04am
M1 BTCUSD
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every minute matters!
  • #12,382
  • Oct 6, 2024 7:36am Oct 6, 2024 7:36am
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  • #12,383
  • Oct 6, 2024 2:13pm Oct 6, 2024 2:13pm
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  • #12,384
  • Oct 6, 2024 3:14pm Oct 6, 2024 3:14pm
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  • #12,385
  • Oct 6, 2024 4:34pm Oct 6, 2024 4:34pm
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  • #12,386
  • Oct 6, 2024 11:20pm Oct 6, 2024 11:20pm
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every minute matters!
  • #12,387
  • Oct 7, 2024 5:12am Oct 7, 2024 5:12am
M1 EURUSD
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every minute matters!
  • #12,388
  • Oct 8, 2024 6:18am Oct 8, 2024 6:18am
Reviewers,

Why are YOU not screenprinting your trades ?

Be confident, show us your trades soon.
  • #12,389
  • Oct 8, 2024 7:27am Oct 8, 2024 7:27am
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  • #12,390
  • Oct 9, 2024 12:18am Oct 9, 2024 12:18am
Quoting gringo2019
{image}
Hi Gringo2019,
I was wondering if you have ever tried any prop firm challenges. If you did, could you please share your experience? Thanks
  • #12,391
  • Oct 9, 2024 3:56am Oct 9, 2024 3:56am
acacialuc,
There is no value in Prop Firms today, too many have gone bust and they all use Demo Accounts with additional controls.
I make 5 to 10 % plus per day and I do not need more money. This is a part-time Business for me and my family.
Gringo2019
  • #12,392
  • Oct 9, 2024 4:58am Oct 9, 2024 4:58am
Quoting gringo2019
acacialuc, There is no value in Prop Firms today, too many have gone bust and they all use Demo Accounts with additional controls. I make 5 to 10 % plus per day and I do not need more money. This is a part-time Business for me and my family. Gringo2019
Great. Sounds like you are doing well for yourself. I was thinking about giving FTMO a shot and buy their 100k challenge since the daily permitted drawdown is around 5k, which gives us enough breathing room for our floating losses. What do you think?
  • #12,393
  • Oct 9, 2024 5:17am Oct 9, 2024 5:17am
acacialuc,
FTMO maybe the oldest Prop Firm for retail traders BUT still use a demo account and have limitations.
Have you ever traded a demo for 90 days and with less than a 5% loss ratio ?
The balance is actually irrelevant BUT most retail traders chase the Money and not the Process.
I know a lot of traders who trade FTMO including one person within this Forum BUT they are not for me.
I like real accounts and my terms and one Boss (Wife).
Best of luck.
  • #12,394
  • Oct 9, 2024 5:30am Oct 9, 2024 5:30am
M1 EURUSD - the single most reliable countertrend trade is countertrend to a pullback...
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it will usually lead to at least a test of the major trend's extreme!
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every minute matters!
  • #12,395
  • Oct 9, 2024 5:36am Oct 9, 2024 5:36am
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  • #12,396
  • Oct 9, 2024 6:48am Oct 9, 2024 6:48am
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  • #12,397
  • Oct 9, 2024 6:56am Oct 9, 2024 6:56am
Quoting gringo2019
acacialuc, FTMO maybe the oldest Prop Firm for retail traders BUT still use a demo account and have limitations. Have you ever traded a demo for 90 days and with less than a 5% loss ratio ? The balance is actually irrelevant BUT most retail traders chase the Money and not the Process. I know a lot of traders who trade FTMO including one person within this Forum BUT they are not for me. I like real accounts and my terms and one Boss (Wife). Best of luck.
Agreed. But for me, after going through hundreds of hours trading this strategy, I came to the conclusion that I am only profitable (5%-8% of total account size) if I have breathing room of 3%-5% for my trades, and which would be around $3k-$5k that I don't have right now. That is why I was thinking about buying one of FTMO's 100k challenges that I have passed 3 times now on a demo account. I am a bit skeptical about their rules since there are many 1-star reviews that accuse FTMO of hidden 1% risk rules and vague definitions of trading terms and risk-free strategies.
  • #12,398
  • Oct 9, 2024 7:15am Oct 9, 2024 7:15am
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  • #12,399
  • Oct 9, 2024 7:17am Oct 9, 2024 7:17am
acacialuc,
Prove your performance to yourself first and then an extra person close to you BUT after 90 days.
All Brokers and Prop Firms are Brokers know about the 3 90 Rule.
90% of Retail Traders lose 90% of their live account money within 90 days....
  • #12,400
  • Oct 9, 2024 8:10am Oct 9, 2024 8:10am
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