Sorry if it came across like I was questioning your ability, I wasnt. I'm not overly familiar with the MT package. I cant tell what line means what. Your charts look like something Jackson Pollock would be proud of . Its more than my eyes can ...

M1 Countertrend Scalping Strategy

You're a braver man than me. Golds been hauling ass up for the last five hours. I might try trend trade it on the next good bounce on the 50 but countering is a no for me until things settle.

M1 Countertrend Scalping Strategy

image I wanted to get out early as my margin was getting squeezed but again on how far it went. Nice exits Nik and Amiraven. However what offsets the sickness a bit is I did manage an exit on gold on the 200 which is a first for ...

M1 Countertrend Scalping Strategy

Powerful words. So yeah how would you have dealt with this if price had shot up after the big group of sell orders? Show us some of the art. image

M1 Countertrend Scalping Strategy

image EDIT: Nothing like watching price keep going miles past where you jumped out

M1 Countertrend Scalping Strategy

Stop losses have a strange magnetism to them that price seems to love to hit then shoot away in the opposite direction. I dont mind the +SL hits however as I cant keep a constant eye on PA I often miss a good spot to re enter after a +SL has been ...

M1 Countertrend Scalping Strategy

Nothing exciting, getting out before the news drops at 13:30. image image image

M1 Countertrend Scalping Strategy

Hi Gang, Some solid posts since my last visit here. I got some chart time today. For some reason TradingView is not showing any of my trades pre lunch so only PM action below. Was a good day gain wise! I know we're not big fans of the SL here ...

M1 Countertrend Scalping Strategy

I felt this strat out for a few weeks. Its too simple to work for anyone in the short term who doesnt have a feel for trends. I will say something that might spur someone to further develop a strat around the magic 100 idea. Add Bollinger bands/KC ...

Magic 100

With work finally quietening down after weeks of chaos, returning to M1 counter feels good. I did dabble with a few other strats within this forum that favour the slower H1 timeframe but the majority, for the most part, are sh*te. I feel I've picked ...

M1 Countertrend Scalping Strategy

I would disagree. As I get a feel for this strat I have found a RR of 1:5 for small candles to be readily attainable, medium candles 1:3 and large candles are often worth avoiding entirely. There is nothing worse than getting sucked into the market ...

Magic 100

image Toyed around with the strat a bit more and It seems to have some legs. There has to be a relationship between the size of SL and distance from 200 so that a RR of at least 1:2 is maintained. This should cover the bad trend entries. The ...

M1 Countertrend Scalping Strategy

This coming week I'll be trading something different based on this strat. Your thoughts and comments are welcomed. Rules for entry Price must be X distance away from 200. (X depending on pair being trading, XAUUSD is good at .23) Short when above ...

M1 Countertrend Scalping Strategy

Couldn't get out that GBPUSD beast of a trend, jumped out before drawdown got wild. Two hard hitters in less than a week although one was a lot size mistake as opposed to bad practice. A months worth of gain wiped out in two days lol. Whilst ...

M1 Countertrend Scalping Strategy

I had some more screen time today and got a few good trades for the most part. Currently riding this GBPUSD trend, I spotted a few double tops and decided to add some orders to get out sooner but no, price has shot off again. Could be my first ...

M1 Countertrend Scalping Strategy

Glad you got out on the good side. How are you getting on with your strat?

M1 Countertrend Scalping Strategy

Thats a tough trend that Rodney. I like to wait for a good break through of the BB's before my initial entry. I've marked below where I would maybe enter if I price was far enough away from the 200. Either way I would of been stuck in that one for ...

M1 Countertrend Scalping Strategy

Im not familiar with the MT range, are they all longs? I want to try incorporate this open several orders near each other, close some in the short term to lock in profit and let the others run longer. Perhaps aim some for the 20/50 and the others ...

M1 Countertrend Scalping Strategy

Quiet morning, jumped in a few times when I had some free time. image image Jumped in on gold but as soon as I was in I wanted out. + 2 ticks and a sense of relief . Glad I got out as it would of been an evening, possibly overnight job. ...

M1 Countertrend Scalping Strategy

Rounded off the week on a high, the second time I've managed 0.5% gain on the account. Pleased with all my trades today, especially the EURGBP trade. Looking forward to a weekend of some beer and practice. Below - Entered at the perfect time. Sailed ...

M1 Countertrend Scalping Strategy