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niks replied May 24, 2023you will answer that yourself with more practice and a better understanding of how price action interacts with the ema's - to fast track that process, watch all of KoFs videos then watch them again then trade as much as possible for as long as it ...
M1 Countertrend Scalping Strategy
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niks replied May 24, 2023as it turned out it was, thanks! targets are set primarily on s\r levels see that resistance level where i entered my previous shorts? that was my target for the longs! image
M1 Countertrend Scalping Strategy
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niks replied May 24, 2023please use EXTREME caution if trading real money when following KoF.. knock yourself out on demo! image image
M1 Countertrend Scalping Strategy
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niks replied May 24, 2023GBPUSD 1M (DEMO) countertrend long off support targeting previous high as it breaks and holds above each ema one by one into targets! image
PA Trading with EMAs and common Sense
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niks replied May 24, 2023eureka! still good value i think... image yes it was!
M1 Countertrend Scalping Strategy
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niks replied May 24, 2023GBPUSD 5M (DEMO) short off resistance targeting previous lows, resistance failed to hold so stopped adding orders once it broke and held above ema200, after a bit of sideways and one last impulsive move up, price then quickly rallied back down to ...
PA Trading with EMAs and common Sense
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niks replied May 23, 2023BTCUSD 1M (DEMO) couldn't resist entering short after seeing price top out like this... image resulting in a bitcoin bonanza! image
PA Trading with EMAs and common Sense
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niks replied May 23, 2023GBPUSD 1M (DEMO) long off ema and big round number support, support broke, cost averaged in three more orders expecting to bottom out quickly which it did before rebounding into target at previous highs... image
PA Trading with EMAs and common Sense
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niks replied May 23, 2023hey donny, your doing very well, and i highly recommend you listen to your own advice about juggling multiple pairs if you are going to use cost averaging, it is highly recommended to stick with one pair at a time if you are chasing maximum reward ...
M1 Countertrend Scalping Strategy
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niks replied May 23, 2023BTCUSD 5M (DEMO) trades opened sunday, closed today - long off support looking for uptrend to continue, it didn't, so after breaking support i stopped adding orders, until it found a new support level, then a reversal began and back into a strong ...
PA Trading with EMAs and common Sense
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niks replied May 21, 2023G'day porfirio, yes for the majority of my trades i use cost averaging instead of entering a stop loss, i will use them occasionally if trading the last few hours of the week, or when trying something new, sometimes i will enter buy and sell in ...
PA Trading with EMAs and common Sense
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niks replied May 20, 2023BTCUSD 5M (DEMO) long off support looking for uptrend to continue as it tracked nicely along with ema200, targeting previous resistance... image
PA Trading with EMAs and common Sense
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niks replied May 20, 2023well traded amiraven, just a couple of suggestions though... you cost averaged up on the the second order, you generally do not want to do this on a countertrend trade, you should save your orders for cost averaging down - if your first order makes ...
M1 Countertrend Scalping Strategy
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niks replied May 19, 2023solid risk and money management are required to limit the impact of "wrong" trades - not stop losses every trade is "wrong" 50% of the time, using stop losses on every trade generally means a trader thinks they have a system that will be more ...
M1 Countertrend Scalping Strategy
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niks replied May 19, 2023nothing beats ending the week with a stash of gold!!!!!! image
M1 Countertrend Scalping Strategy
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niks replied May 19, 2023took its time but finally got there, no boxes required! image
M1 Countertrend Scalping Strategy
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niks replied May 19, 2023also, it was a countertrend trade, and the uptrend showed no clear signs of continuing, best option was to wait for at least a return to ema200 imo... image
M1 Countertrend Scalping Strategy
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niks replied May 19, 2023i'm sure it was, and i'm sure you are! your definitely on the right path, well done...
M1 Countertrend Scalping Strategy
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niks replied May 19, 2023BTCUSD 1M (DEMO) long off support looking for a break of ema200 to hold, stopped adding orders when it failed to hold but it also failed to pull away from it and squeezed out the shorts once price broke above it again targets taken in two parts, ...
PA Trading with EMAs and common Sense