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M1 Countertrend Scalping Strategy

  • #13,481
  • Dec 20, 2024 7:14am Dec 20, 2024 7:14am
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  • #13,482
  • Dec 20, 2024 7:17am Dec 20, 2024 7:17am
Two day trend, what a ride. I really pushed the margin getting back into the green. Had hoped for a straight run to the lowest ema however price turned round and was nearing BE so decided to bail with smaller profit and get my margin back. Have a good weekend.


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  • #13,483
  • Dec 20, 2024 7:24am Dec 20, 2024 7:24am
Quoting Abade
a) First Buy: Price close is BELOW ALL the 9, 20 AND 50 EMAs AND has a "good enough" distance away from these averages (more distance = more profits) .
b) First Sell: Price close is ABOVE ALL the 9, 20, AND 50 EMAs AND has a "good enough" distance away from these averages (more distance = more profits).

NOTE: What is a "good enough" distance is defined by your own discretion and depends in the current market conditions (volatility and structure). You may use support and resistance, band indicators, demand/supply zones, volume strength,...
Good enough would be when the distance to the moving average is above the 80 percentile.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,484
  • Dec 20, 2024 7:25am Dec 20, 2024 7:25am
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  • #13,485
  • Dec 20, 2024 7:30am Dec 20, 2024 7:30am
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  • #13,486
  • Dec 20, 2024 7:34am Dec 20, 2024 7:34am
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  • #13,487
  • Dec 20, 2024 8:42am Dec 20, 2024 8:42am
Quoting TooSlow
{quote} Good enough would be when the distance to the moving average is above the 80 percentile. {image}
hello, what indicator indicate the percentile?
  • #13,488
  • Dec 20, 2024 9:40am Dec 20, 2024 9:40am
Quoting axelgr
{quote} hello, what indicator indicate the percentile?
That is the smart range indicator from #advancedalientrading
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,489
  • Dec 20, 2024 10:56am Dec 20, 2024 10:56am
Quoting TooSlow
{quote} That is the smart range indicator from #advancedalientrading
can you share ?
  • #13,490
  • Dec 20, 2024 12:06pm Dec 20, 2024 12:06pm
Quoting axelgr
{quote} can you share ?
No. That is a donational indicator and the coder does not want his code to be shared.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,491
  • Dec 20, 2024 12:28pm Dec 20, 2024 12:28pm
Quoting TooSlow
{quote} No. That is a donational indicator and the coder does not want his code to be shared.
and why you comment here if you dont want to share and help others?
  • #13,492
  • Dec 21, 2024 2:07am Dec 21, 2024 2:07am
Quoting axelgr
{quote} and why you comment here if you dont want to share and help others?
Lol. It's his code, his work, his time. If he doesn't want to give it away for free that's absolutely understandable.
  • #13,493
  • Dec 21, 2024 4:34am Dec 21, 2024 4:34am
And he has his own FF Forum...
  • #13,494
  • Dec 21, 2024 6:04am Dec 21, 2024 6:04am
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  • #13,495
  • Dec 21, 2024 6:45am Dec 21, 2024 6:45am
Quoting axelgr
{quote} and why you comment here if you dont want to share and help others?
He shared by stating 80% quartile…. Not a loaf, but a crumb to go on with
  • #13,496
  • Dec 21, 2024 7:30am Dec 21, 2024 7:30am
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  • #13,497
  • Dec 21, 2024 7:50am Dec 21, 2024 7:50am
Quoting axelgr
{quote} and why you comment here if you dont want to share and help others?
Nothing is free. Traders aren't in the business of giving away tools and knowledge.

The strategy this thread is based around, King of Forex hasn't even shared the full strategy publicly. What he teaches in his free live streams is actually different from his paid course.

Nothing is free.
  • #13,498
  • Dec 21, 2024 7:53am Dec 21, 2024 7:53am
Quoting PR31D
Two day trend, what a ride. I really pushed the margin getting back into the green. Had hoped for a straight run to the lowest ema however price turned round and was nearing BE so decided to bail with smaller profit and get my margin back. Have a good weekend. {image}
Would have been better off riding the trend there. Always zoom out, EG put in some wild moves in last weeks volatile environment.
  • #13,499
  • Dec 21, 2024 8:24am Dec 21, 2024 8:24am
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  • #13,500
  • Dec 21, 2024 11:34am Dec 21, 2024 11:34am
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