M1 Countertrend Scalping Strategy

M1 BTCUSD - as al brooks says, the single most reliable countertrend!

M1 BTCUSD - watch out for signs of a reversal or at least a pullback to ema200...

price holding above ema's is normally a good sign! don't get rattled by false breakouts...


learn to read and feel the market, do not overtrade - exposure is the single greatest risk to all trades, anything can happen in an instant, always be prepared to act!

Thanks

M1 BTCUSD - a reversal that stalls is just another pullback...
so countertrend it!

but be careful, it can also turn into the first pullback of the reversal trapping the countertrend so target no lower than the previous low in this case...

M1 BTCUSD - watch out for a continuation of the main down trend...

and catch it if you can! conservatively target previous support levels...

this is also tricky because a pullback is likely in the smaller downtrend, cost average down sparingly in this case, especially if it breaks back above ema200 - risk management level is a break above resistance levels above ema200...

in this case it reached the risk management level, so price action was watched closely, and with only three orders more room was allowed... an advantage of not overtrading!

Find your Instrument and make a Trading Business soon....

Alittle bit late, but it's ok as long as in the direction.

PipsArt,
Becoming a Process Master is FUNNNNNNNNNNNN.
Gringo2019

Sure it is

Slow market, done for now, wait for us session.

PipsArt,
A very wise man, be cool, calm and collective....
Gringo2019

Let's see...

PipsArt,
You made up with the 2nd Trade and positive cost averaging, NICE.
Gringo2019