M1 Countertrend Scalping Strategy

I think this one.
https://www.forexfactory.com/thread/...6#post14683626

Done for the day!




Nice trading @gringo and @pipsart

even on holidays mr. gringo can't leave his eyes off of the charts

hello @mr.moe

what period you use for the big red ema?

and anyone tried to take profit at 200 EMA?
or its not that safer ?

Iam using the template provided by gringo from above.

super mr.moe.
thank you very much!!


its seems the 200 linear weighted its better than 200EMA.

Mr,Moe,

The wife is shopping, opportunity to trade more. Yes sir.

If you put the distance from ema 200 as a line graph it is just the RSI without the signal line.

The prop firm I have been using changed their rules over the weekend making counter trend trading near impossible. These new rule changes are on top of their last rule changes which made things go from bad to worse. They are now selling new challenges without these harsher rules for more $$$. Do not use Quant Tekel for this strat.

So im back to my own money (not happy about it) and back with TradingView (but very pleased about this aspect). It feels good to not be restricted in my trading by prop firm rules but I do wonder if perhaps the prop firms first set of rule changes helped me become a better trader. One rule they imposed was three live orders max per pair otherwise it was account void. This did help with leveraging practice.
I know. No arrows to join the trades like MT5. Red for sell, blue for buy. You can kinda work out which is which.

PR31D,

I do NOT use Prop Firms as they use Demo and Book B accounts, why pay someone to use a demo account and then slap Rules on top.
My wife can spend the money just as well, arhhhhhhhhhh.

Anyone use 200 ema or linear weighted as a take profit?

Yes of course

Nice asia open.

Another Up, done for asia session.

super!!!
and what do you think about it? Its better than to take profit at 9 and 20 ema?

London session.

hello pipsArt.
can you please tell me what is your rules when you enter a trade? i m new here and i m really interested

I follow the guide from the 1st page, no thing special. Just add patience and practice.
And for trend trade, I do opposite from counter trend rule.
Counter trend, trade reverse while price away from EMAs, and exit on 9 ma, 20ma, 50ma or 200ma (price will alwaysgo back to MAs).
Trend trade, trade when price start leaving EMAs.
Really nothing special. Very simple strategy.