M1 Countertrend Scalping Strategy

Quoting Ronin-

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Very painful morning of sitting on my hands. Started entering trades too early. EURUSD M1. {image} All closed in profit.

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Quoting Tyross

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{quote} ...I'm realizing that with the KoF methodology—since it’s basically the spirit of your trading, Ronin—you don’t really trade price excess... unless you’re checking higher time frames. I hadn't even noticed that detail. It’s more about the return to the M1 200 EMA, right? I’m not sure if Niks looks at higher time frames... he’s been away lately... probably off spending his profits somewhere .

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Quoting Ronin-

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{quote} I base the trades on returning to the target line, which is based on my own maths and does not include moving averages, and price extension / exhaustion. However not mastered the price excess part yet and sometimes get out at the 200 ema as it tends to stop or bounce there. This morning was on the mobile, so could not see where the target line was and distance from it. When checked on PC realised got it all wrong. As sell trades started below the target line. This meant probably of price touching the first trade entered was low.

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Quoting gringo2019

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{image}

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Quoting qinshan

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{quote} Senior, are you trading manually or using Expert Advisors (EAs)?

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Quoting birdland

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{quote} take care, he is making here 5$, there $10 and then losing $14.400 on one day and when asking him why this DD he is gone for weeks...he is not worth to follow

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Quoting gringo2019

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birdland, Just another FOOL in the making...

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