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niks replied Nov 4, 2023M1 BTCUSD - same ole, same ole! entered long after strong move down breaching lower channel targeting midline, move continued lower and entered two more orders before price returned to channel... image image very small profits were on offer on ...
M1 Countertrend Scalping Strategy
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niks replied Nov 4, 2023i think every trader has been or is still in that position - it all comes down to trust in oneself, and until that is achieved, the never ending search WILL go on unfortunately! once achieved though, the journey to consistency through refinement ...
M1 Countertrend Scalping Strategy
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niks replied Nov 4, 2023uniformity leads to consistency for example, a programmer will not change language each day to complete a project or a surgeon will not use a scalpel one day and a knife the next - day in day out they refine the use of them over the years, obviously ...
M1 Countertrend Scalping Strategy
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niks replied Nov 4, 2023M1 BTCUSD - aggressive or conservative? the keltner channel gives me a choice when entering a countertrend, it can be entered on the extreme edge targeting the midline for an aggressive approach, or the more conservative approach is to wait for it ...
M1 Countertrend Scalping Strategy
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niks replied Nov 3, 2023M1 BTCUSD - well conformed channels for quick results! image image last second target tracker adjustment! image image
M1 Countertrend Scalping Strategy
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niks replied Nov 3, 2023hi korosh, i'd manage it the same way as being stuck in any other tough trend but each situation is unique and must be handled accordingly - there are many factors that come into play not least of which is my experience level - in the beginning they ...
M1 Countertrend Scalping Strategy
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niks replied Nov 3, 2023M1 BTCUSD - large spreads don't matter! it is often wisely recommended to use the lowest spread pairs for the ema strategy... a keltner channel uses range calculations making it much more reliable to use with high spread and highly volatile pairs ...
M1 Countertrend Scalping Strategy
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niks replied Nov 2, 2023M1 AUDUSD - enhance your strengths! i also find it very effective for countertrend... image image the grey line on these snapshots is ema9... the ema strategy is only useful for mean reversion and extremely difficult for mean expansion, you get ...
M1 Countertrend Scalping Strategy
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niks replied Nov 2, 2023M1 AUDUSD - trade with confidence! the keltner channel allows me to follow a trend and more importantly set a target for it, strengthening two of my major weaknesses when using ema's alone... image image image image now i just gotta stack on ...
M1 Countertrend Scalping Strategy
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niks replied Nov 2, 2023anytime sonicvista, it's my pleasure, fine tuning for different markets and market conditions is half the fun!
M1 Countertrend Scalping Strategy
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niks replied Nov 2, 2023be careful pusztafie, quick profits are very addictive! nice scalp, well done...
Day trade setup
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niks replied Nov 2, 2023hey sonicvista, the earlier audusd snapshot was on the M1 chart with the M5 setting on the keltner channel: image the snapshot you have just quoted was on the M1 chart and set to current timeframe as below: image
M1 Countertrend Scalping Strategy
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niks replied Nov 2, 2023M1 AUDUSD - target tracker! getting stuck in sideways action is really bad for the ema strategy as the ema's eat into the profits as time moves on - the opposite is true using the keltner channel as a guide - now when i'm stuck in sideways, i can ...
M1 Countertrend Scalping Strategy
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niks replied Nov 2, 2023actually it was another traders snapshot, not mine, there are no fixed rules for this strategy, it still is as it is explained in post #1 and numerous other posts within the thread... the keltner channel is just an aid to the core strategy and can ...
M1 Countertrend Scalping Strategy
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niks replied Nov 2, 2023there is nothing to calculate, you pick a fixed lot size and stick to it throughout the entire trade, look CLOSELY at the snapshot below your question - you can compound it as the account grows if you wish...
M1 Countertrend Scalping Strategy
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niks replied Nov 2, 2023Hello! there is no robot, no custom indicators and no template for this strategy - there are a crap load attached to the paperclip in this thread that you are free to use if you wish...
M1 Countertrend Scalping Strategy