M1 Countertrend Scalping Strategy

Quoting Tyross

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{quote} It is frequent with this type of trading. What matters is having an overall position size that remains small relative to the amount in the trading account. This allows for low drawdowns of 2 or 3%. And when the price returns to positive, it's the jackpot. The point counter goes crazy. I love this trading: no stress, lot of money.

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Quoting birdland

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here a fibo level trade: trigger was the 78.6%-level on H4, closed with chart m1. again 5 positions. again no need for DCA {image} {image}

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Quoting pipcruiser

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{quote} Tyross, can I ask: A) Say on a 10 K account trading EURUSD, what position size is recommended? B) If position goes against you do you have like a 5% emergency SL? Or do you simply close the first trade and add a new as mentioned previously and hoping to get out at BE? I enjoy this thread/strategy but the worse case scenarios (and how they are handled) is important to nail. Thanks. PC

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Quoting Tyross

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{quote} You have a job to do on the EUR-USD: *How many pips does it move in a very powerful session? *How many positions will you enter on the move, and with what spacing? *What Drawdown do you apply? *Do you trade other assets at the same time? The more open and poorly placed losing positions you have, the faster you will hit your drawdown, obviously. I only use manual SL for this technique, not automatic SL. I only enter a maximum of 10 positions (which is very rare), I know the Dax very well, I know how it reacts. And I only trade the Dax. For...

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Quoting birdland

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bad timing, but big win with this GU short trade: trigger was H1 BB higher band short, m1 for fine tuning with KoF, 22 positions {image} {image}

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Quoting Tyross

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{quote} You look like you're having a lot of fun, my friend!

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Quoting Tyross

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To execute a reverse trade back to the EMA 200, I need a magnet effect of 35-50 on a higher timeframe X10 - x12 (I explained this yesterday). I found this on the M4/H1 pair, with H1 acting as the magnet effect: SMA 35 > EMA 50. I just had to find a support level on H1. I took 5 buy trades ==> + 381 points. (I completely missed my first entry... I looked at the wrong chart...) The best timings for reversals on Choros are when a 35-50 magnet effect is present on a large timeframe . I then look at the lower X10-X12 TF to see...

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Quoting Tyross

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To execute a reverse trade back to the EMA 200, I need a magnet effect of 35-50 on a higher timeframe X10 - x12 (I explained this yesterday). I found this on the M4/H1 pair, with H1 acting as the magnet effect: SMA 35 > EMA 50. I just had to find a support level on H1. I took 5 buy trades ==> + 381 points. (I completely missed my first entry... I looked at the wrong chart...) The best timings for reversals on Choros are when a 35-50 magnet effect is present on a large timeframe . I then look at the lower X10-X12 TF to see...

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Quoting birdland

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TDI UJ m5 divergence {image}

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Quoting Tyross

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{quote} It's great to see you changing your habits, my friend! You know, +10% per month on the trading account is achievable stress-free with this position staggering approach. It allows us multiple chances to improve our entry price without putting everything in at once, and without getting stopped out by a badly placed stop loss. Compound interest does its job, month after month. It's truly a trading style to discover for those who aren't familiar with it yet.

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Quoting birdland

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{quote} yes, thats realistic. i tried this style years ago with davit (a weekly pivot trader) but my positions were too large and other things are also important. but in the end the most important part is the size of the initial position and the maximum allowed positions you give the tactic (which in the end defines the risk of the basket) and the psychological obstacle to accept starting the trade with a drawdown. the technical system behind is not so important imo. BUT the technical system is important for the fun effect and that you dont get...

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