M1 Countertrend Scalping Strategy
- #13,673
- Jan 15, 2025 3:53am Jan 15, 2025 3:53am
Oh me. Another big trend taking me for an overnight ride. My initial entry at the 200 was a guess at the trend direction based off of volume. It turned, the ema's all crossed and I should of bailed with a loss and went counter-counter trend but I didnt. The subsequent seven entries, only one was really good. Rest were sloppy.
I had a look at the higher timeframes and decided its worth holding overnight
and seeing how things play out in the morning. After seeing the big liquidity grab doji I had hope that there would be a sudden move. I set my TP to BE + commission and was ready to eat a smaller loss to get my margin back. To my surprise price just touched my TP's before turning round and heading back up. Wow. DOES PRICE DO AS I WISH? 
I may sit today out trade wise and I'll increase my practice in the evenings. I think my good run of late has made me lazy.
I had a look at the higher timeframes and decided its worth holding overnight
and seeing how things play out in the morning. After seeing the big liquidity grab doji I had hope that there would be a sudden move. I set my TP to BE + commission and was ready to eat a smaller loss to get my margin back. To my surprise price just touched my TP's before turning round and heading back up. Wow. DOES PRICE DO AS I WISH? I may sit today out trade wise and I'll increase my practice in the evenings. I think my good run of late has made me lazy.
