Attachments: M1 Countertrend Scalping Strategy

M1 Countertrend Scalping Strategy

#13,401
Dec 16, 2024 12:54am Dec 16, 2024 12:54am

PiipPool
| Joined Nov 2024 | Status: King | 185 Posts

Nicely done. I have been selling pops on EU and buying dips on UJ all night

#13,402
Dec 16, 2024 2:15am Dec 16, 2024 2:15am

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

Quoting PiipPool

Disliked

Nicely done. I have been selling pops on EU and buying dips on UJ all night

Ignored

Wow you should collect alot of greenpips from there. Congrats.

#13,403
Dec 16, 2024 2:16am Dec 16, 2024 2:16am

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

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#13,404
Dec 16, 2024 2:26am Dec 16, 2024 2:26am

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

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#13,405
Dec 16, 2024 3:50am Dec 16, 2024 3:50am

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

Fall baby fall....
Confidence with this position so I use 2 account for same position.

MT5

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MT4

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#13,406
Dec 16, 2024 3:56am Dec 16, 2024 3:56am

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

Wohoooo fast profit, enough for today. Duty call

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#13,407
Dec 16, 2024 4:03am Dec 16, 2024 4:03am

gringo2019
| Commercial User | Joined Feb 2019 | 3,404 Posts

PipsArt,

Soon, you will have a Big Boy Account....

#13,408
Dec 16, 2024 5:08am Dec 16, 2024 5:08am

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

Quoting gringo2019

Disliked

PipsArt, Soon, you will have a Big Boy Account....

Ignored

Lets see

#13,409
Dec 16, 2024 6:36am Dec 16, 2024 6:36am

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

Pre-news market.

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#13,410
Dec 16, 2024 7:06am Dec 16, 2024 7:06am

PiipPool
| Joined Nov 2024 | Status: King | 185 Posts

Quoting PipsArt

Disliked

{quote} Wow you should collect alot of greenpips from there. Congrats.

Ignored

Results of the trading: account is up 1%. Could have done more but I don't like starting my week with too much risk.

#13,411
Dec 16, 2024 10:05am Dec 16, 2024 10:05am

PR31D
| Joined Jan 2024 | Status: Trader | 228 Posts

Quoting PiipPool

Disliked

{quote} Results of the trading: account is up 1%. Could have done more but I don't like starting my week with too much risk.

Ignored

Let's see some screenshots of price action.

I'd a rough ride down, over leveraged adding orders on feel which is always a bad move, panic got to me for some reason. Had to dump a fat lot size low down to get a good exit on the 200. Need to be better tomorrow.

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#13,412
Dec 16, 2024 11:40am Dec 16, 2024 11:40am

PiipPool
| Joined Nov 2024 | Status: King | 185 Posts

Quick pips on UJ, just closed. Hit out of this one manually half a pip below my TP. Wasn't liking the action and Oanda is boning me with these spreads. I just opened an account with IG/tasty, in the process of moving over there.

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#13,413
Dec 16, 2024 11:45am Dec 16, 2024 11:45am

PiipPool
| Joined Nov 2024 | Status: King | 185 Posts

This was my part of the action last night. UJ is a great pair. I'm getting a little sketched out by how high it's trading, though

You can see where I noped out to grab a few hours of sleep, I missed some nice dip buys at 2am

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#13,414
Dec 16, 2024 11:56am Dec 16, 2024 11:56am

PiipPool
| Joined Nov 2024 | Status: King | 185 Posts

Quoting PR31D

Disliked

{quote} Let's see some screenshots of price action. I'd a rough ride down, over leveraged adding orders on feel which is always a bad move, panic got to me for some reason. Had to dump a fat lot size low down to get a good exit on the 200. Need to be better tomorrow. {image}

Ignored

Do you see those stochastics at the bottom of my charts? I use them to help me fine-tune my entries and exits. You might gain an advantage by trying that out for yourself. You could get away with just one, that's how my other chart setup is laid out. The most important is the 40 period, the one on top is a 21 period which is there to give me something to weigh the slower one against, the best signals happen when both stochs agree. Which is to say, when they are both near the same extreme value. I set the smoothing settings to 3 for both lines and I set the K line as transparent. Could absolutely get away with just a 40 period stoch. Or even use stock settings, but I feel like that hits the extremes too quickly for what I want out of it. Hope that helps!

#13,415
Dec 16, 2024 3:03pm Dec 16, 2024 3:03pm

PipsArt
Joined Jul 2024 | Status: Trader | 695 Posts

Quoting PiipPool

Disliked

This was my part of the action last night. UJ is a great pair. I'm getting a little sketched out by how high it's trading, though You can see where I noped out to grab a few hours of sleep, I missed some nice dip buys at 2am {image}

Ignored

Nice trades