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M1 Countertrend Scalping Strategy

  • #15,401
  • Jul 22, 2025 3:52am Jul 22, 2025 3:52am
Quoting LGordon
{quote} Hi Niks, your style is fantastic! Yes, XAU isn't easy, but for me it's the best pair for trading. Obviously, you need to devote time to it because the price action of gold is different from all the others, IMHO.
cheers lgordon! you are right, gold is NOT for beginners!
every minute matters!
  • #15,402
  • Jul 22, 2025 4:43am Jul 22, 2025 4:43am
M1 EURUSD - countertrend!

anticipating resistance at big round number and enter short, initial target between ema20 and 50
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another entry on the double top and targets readjusted to ema200 after strong break below ema50
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and they are reached!
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every minute matters!
  • #15,403
  • Jul 22, 2025 5:37am Jul 22, 2025 5:37am
M1 EURUSD - triple top countertrend?

the bounce off ema200 was a perfect trend continuation trade but i missed it
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so i anticipated a triple top but that failed and now i have to readjust my target because i am stuck in a tough trend!

the best approach is to anticipate a pullback in this trend i am stuck in by trailing ema50 reducing my profit, a typical consequence of 'getting it wrong'!
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i will only add to my losing positions very cautiously in this situation and must be patient...

there are numerous ways to manage this situation, i chose to be extremely conservative in this case as it is my last trade for the day
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think about how you could of managed this situation for a better result, the double top after my entry should provide a strong hint, because it will happen to you!
every minute matters!
  • #15,404
  • Jul 22, 2025 10:41am Jul 22, 2025 10:41am
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  • #15,405
  • Jul 22, 2025 11:01am Jul 22, 2025 11:01am
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  • #15,406
  • Jul 22, 2025 11:03am Jul 22, 2025 11:03am
Quoting LGordon
{quote} Hi Check, I'm happy to hear about your improvements, congratulations. One question: what indicator do you use for those arrows? ZigZag?
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  • #15,407
  • Jul 22, 2025 11:06am Jul 22, 2025 11:06am
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  • #15,408
  • Jul 22, 2025 11:21am Jul 22, 2025 11:21am
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  • #15,409
  • Jul 22, 2025 12:39pm Jul 22, 2025 12:39pm
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  • #15,410
  • Jul 22, 2025 1:17pm Jul 22, 2025 1:17pm
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  • #15,411
  • Jul 22, 2025 1:23pm Jul 22, 2025 1:23pm
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  • #15,412
  • Jul 22, 2025 1:52pm Jul 22, 2025 1:52pm
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  • #15,413
  • Jul 23, 2025 2:03am Jul 23, 2025 2:03am
M1 EURUSD - countertrend...
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every minute matters!
  • #15,414
  • Jul 23, 2025 2:04am Jul 23, 2025 2:04am
M1 EURUSD - trend continuation!
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every minute matters!
  • #15,415
  • Jul 23, 2025 2:14am Jul 23, 2025 2:14am
M1 EURUSD - trend continuation!
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every minute matters!
  • #15,416
  • Jul 23, 2025 4:01am Jul 23, 2025 4:01am
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  • #15,417
  • Jul 23, 2025 4:41am Jul 23, 2025 4:41am
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  • #15,418
  • Jul 23, 2025 4:55am Jul 23, 2025 4:55am
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  • #15,419
  • Jul 23, 2025 5:06am Jul 23, 2025 5:06am
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  • #15,420
  • Jul 23, 2025 5:22am Jul 23, 2025 5:22am
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