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M1 Countertrend Scalping Strategy

  • #17,721
  • Mar 10, 2026 8:35am Mar 10, 2026 8:35am
Done for the day. Have a great rest of the day.

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  • #17,722
  • Mar 10, 2026 8:54am Mar 10, 2026 8:54am
my weakest pair today, i had to close this pair with a loss. but day was positive;-)
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trading is like dancing, don't think and just listen to the music!
  • #17,723
  • Mar 10, 2026 11:56am Mar 10, 2026 11:56am
Quoting birdland
my weakest pair today, i had to close this pair with a loss. but day was positive;-) {image}
With enough leverage and money and if you kept at it you'd already turned it around, i find this is true most of the time in M1.
Even if it's a bit scary to keep adding order for that long
  • #17,724
  • Mar 11, 2026 1:06am Mar 11, 2026 1:06am
Quoting Polimini
{quote} With enough leverage and money and if you kept at it you'd already turned it around, i find this is true most of the time in M1. Even if it's a bit scary to keep adding order for that long

yes in this case. but i have experienced some trends that lasted longer and didnt stop and i lost more than 50% back to my intitial funds or got a margin call. i am talking from a $500 account using only 0.01 lot per position.

here an example GU from january:
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trading is like dancing, don't think and just listen to the music!
  • #17,725
  • Mar 11, 2026 4:35am Mar 11, 2026 4:35am
Quoting birdland
{quote} yes in this case. but i have experienced some trends that lasted longer and didnt stop and i lost more than 50% back to my intitial funds or got a margin call. i am talking from a $500 account using only 0.01 lot per position. here an example GU from january: {image}

I thought about this the other day, and I've seen it happen myself and bailed out too.

But what if: when you see the trade is running away from your control, and you see one Support or Resistance on the H4 or D1 that is very far away for you to keep the trade alive, instead of closing it, you open the opposite trade (if you have 20x0.01 lots short, you open 0.2 lots long) and freeze the trade, when it gets to that S/R level, you see how it reacts, and you can decide to: close it all or if it doesn't go your way at no extra lose; or close the opposite trade and resume your trade at minimal risk, as you can now place SL at that level.

It seems like the same as closing the trade and just opening it back at the top or just live to fight another day, but it isn't because it very rarely doesn't retrace some amount on M1/M5, and you recuperate a lot of losing trades this way.
  • #17,726
  • Mar 11, 2026 4:50am Mar 11, 2026 4:50am
Got the daily 100 pips. Most of them from trades set up before going to bed.

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  • #17,727
  • Mar 11, 2026 7:54am Mar 11, 2026 7:54am
Quoting Polimini
{quote} I thought about this the other day, and I've seen it happen myself and bailed out too. But what if: when you see the trade is running away from your control, and you see one Support or Resistance on the H4 or D1 that is very far away for you to keep the trade alive, instead of closing it, you open the opposite trade (if you have 20x0.01 lots short, you open 0.2 lots long) and freeze the trade, when it gets to that S/R level, you see how it reacts, and you can decide to: close it all or if it doesn't go your way at no extra lose; or close...

what you are talking about is hedging, or some say countering, limbo or freezing and it makes sense for many.
i have done a lot of hedging in the past and to me i see not THE advantage in it, so stopped using hedging.

by the way there is a thread from waveskierrob who is discussing this matter and i learned some hedging strategies from him.
but you should try it and feel how does it feel for you.
i felt not really comfortable. i like it more to make a clean cut and take a loss. but thats just me;-)
trading is like dancing, don't think and just listen to the music!
  • #17,728
  • Mar 11, 2026 8:08am Mar 11, 2026 8:08am
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  • #17,729
  • Mar 11, 2026 8:30am Mar 11, 2026 8:30am
Quoting birdland
{quote} what you are talking about is hedging, or some say countering, limbo or freezing and it makes sense for many. i have done a lot of hedging in the past and to me i see not THE advantage in it, so stopped using hedging. by the way there is a thread from waveskierrob who is discussing this matter and i learned some hedging strategies from him. but you should try it and feel how does it feel for you. i felt not really comfortable. i like it more to make a clean cut and take a loss. but thats just me;-)
I tried and i don't like hedging either, way to much confusion, but in those cases where the trade here is running away from you i can see a use case for it, and only for those cases.
And here I'm not trying to move my price, just freeze it. My2cents.
  • #17,730
  • Mar 11, 2026 9:00am Mar 11, 2026 9:00am
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  • #17,731
  • Mar 11, 2026 9:09am Mar 11, 2026 9:09am
Quoting gringo2019
{image}
well don't just say that, help us master it sensei, share your knowledge
  • #17,732
  • Mar 11, 2026 9:33am Mar 11, 2026 9:33am
Quoting Ronin-
Thank you all for the comments — I truly appreciate it Ended the day with 350 pips: {image}
1.31am.
Well done mate.

703 pips using M2 Candle.....That will do me for the day.
Bring on to-morrow.
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Ronnie Renko
  • #17,733
  • Edited 9:45am Mar 11, 2026 9:34am | Edited 9:45am
Quoting Ced74
{quote} 1.31am. Well done mate. 703 pips using M2 Candle.....That will do me for the day. Bring on to-morrow. {image}
The master at work, always amazing.

My effort today:
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  • #17,734
  • Mar 11, 2026 9:43am Mar 11, 2026 9:43am
Quoting Ronin-
{quote} The master at work. {image}
Thanks to you..

Slow day due to CPI news so I only scalped ..Would like to see 5000 again.

It is all about winning consistently every day....I have been down the track of winning Big one day and giving it all back the next....Destroys ones Confidence.

R
Ronnie Renko
  • #17,735
  • Mar 11, 2026 9:59am Mar 11, 2026 9:59am
thx Donald!
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trading is like dancing, don't think and just listen to the music!
  • #17,736
  • Mar 11, 2026 10:55am Mar 11, 2026 10:55am
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  • #17,737
  • Mar 11, 2026 11:41am Mar 11, 2026 11:41am
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  • #17,738
  • Mar 11, 2026 8:02pm Mar 11, 2026 8:02pm
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  • #17,739
  • Mar 11, 2026 8:41pm Mar 11, 2026 8:41pm
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  • #17,740
  • Mar 12, 2026 12:46am Mar 12, 2026 12:46am
Quoting Ced74
{quote} Thanks to you.. Slow day due to CPI news so I only scalped ..Would like to see 5000 again. It is all about winning consistently every day....I have been down the track of winning Big one day and giving it all back the next....Destroys ones Confidence. R
Yes, that's understandable. May I ask how long ago you switched to small daily gains instead of large ones here and there?
trading is like dancing, don't think and just listen to the music!
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