M1 Countertrend Scalping Strategy

Quoting LGordon

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I marked on the chart the situations that would have definitely misled me, as I would have easily fallen into one of these traps. My question to you is this: at the arrows I drew, what would have been your reasoning to avoid falling into the trap, given that the trend continues but at the time of the first arrow it was impossible (at least for me) to recognize it? Thank you in advance for your valuable response, which I hope you will be kind enough to provide. {image}

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Quoting LGordon

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I marked on the chart the situations that would have definitely misled me, as I would have easily fallen into one of these traps. My question to you is this: at the arrows I drew, what would have been your reasoning to avoid falling into the trap, given that the trend continues but at the time of the first arrow it was impossible (at least for me) to recognize it? Thank you in advance for your valuable response, which I hope you will be kind enough to provide. {image}

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Quoting niks

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{quote} a few things stand out, this pair trends a lot, i never trade it... the trend is just starting at the first two arrows without touching ema20, a healthy trend will make a few touches of ema20 and ema50 before reversing... volume is also telling you that when it peaks above ema20, price is moving up and that is where the strength lies... keep a very close eye on it and identify for yourself the signs of reversal when it does... best of luck to you!

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Quoting gringo2019

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LGordon, You have a conflict of Indicators. Which Indicator is the Master versus the Slave ??? MA or RSI ? Plus, the RSI Value (17) does not align with the MA(s)... Too many choices will lead you down the wrong path, simplify.

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Quoting fateh888

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{quote} Now this is a good question and with this pair and exactly this time & movement you will make shit tons of money. ride the trend and cut loser short. Believe me you are on right track. and for countertrend there is a trick to never enter counter in this tough trend. But the indicator you are using will give you confusion. -Fateh

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Quoting gringo2019

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LGordon, I always use the basic Strategy & Trading System when I fail to understand this high risk & reward trading system. I have not answered your RSI question because in mind it's not applicable to what KoF has taught us over the last 4 years. Cost Averaging is optional after a Trader masters the basics of both trend and countertrend trading. The attached screenprint may or may not help but it will bring back the basics. Keep it short and simple. {image}

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Quoting A19r

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I watched the video of KOF when trading the advanced EMA strategy, but I didn’t understand the basis for his entries. Can someone who understands it please explain it in great detail? Thank you in advance.

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