hi, here's couple of thoughts, the strategy is a good match but needs to be applied differently to how it is being discussed here for it to be successful according to the author - and yes this is discretionary trading which requires you to be glued ...

M1 Countertrend Scalping Strategy

thank you, looking forward to it

M1 Countertrend Scalping Strategy

thanks Abade, good to hear from you! i would say you are 100% correct - running these setups and watching them live is where my focus lies while scraping in a living on the counter trend setups which i'm feeling quite comfortable with at the moment, ...

M1 Countertrend Scalping Strategy

i think i'm doing this wrong, but it feels right at the moment with only 30:1 leverage instead of averaging up, i'm averaging down when following the trend, this was my third attempt following on from my first, my second failed due to greed and ...

M1 Countertrend Scalping Strategy

which system is that?

M1 Countertrend Scalping Strategy

ok, that explains it - no, i do not have either of KoF's strategies, but i understand what you and chhico are doing, however will not follow blindly somebody who does not show their drawdowns and losses which is where the real value would be in ...

M1 Countertrend Scalping Strategy

sure, but you talked out about avoiding early entries on a counter trend trade when i was talking about how one should be thinking immediately after exiting a counter trend trade, get it now? of course its all about probabilities - you need to stack ...

M1 Countertrend Scalping Strategy

looked like a good time to exit anyway after that last big bull candle, well played - but i keep seeing lateness in your entries, not sure if its the spread, i would of committed the bulk of the orders you made a lot earlier, regardless, i'm sure it ...

M1 Countertrend Scalping Strategy

you missed the point! an early entry is certainly desirable when following the trend!

M1 Countertrend Scalping Strategy

keep at it josh and rewards will follow... i know you said you are trying, but in terms if your lot sizing, keep trying harder, 0.03 is still too large for a 1k account, do not be in a rush to double the account, it's not about how quickly you get ...

M1 Countertrend Scalping Strategy

something to think about over the weekend, most will look at this including myself and say "lucky i didn't caught in this downtrend!", the smart money would of sold as soon as i closed my counter trade... image

M1 Countertrend Scalping Strategy

short and sweet... image

M1 Countertrend Scalping Strategy

it was a late entry, there was very small profit potential - i also notice the downtrend prior to your entry was strong with increasing volume, therefore decreasing volume at that point would indicate a weak pullback when you entered, however, it ...

M1 Countertrend Scalping Strategy

ok, thanks - personally, i'm not really sure how actual volume will help with a forex scalping strategy where every millisecond counts sometimes, price will always move and that's what we trade, but always willing to learn something new!

M1 Countertrend Scalping Strategy

i had a quick look at clusterdelta, is it free or does it require subscription?

M1 Countertrend Scalping Strategy

yes, exactly, that is my interpretation as well now that you have broken it down, just missed it live for some reason, brain is a bit slow today! thanks for that... also, i was watching the volume closely when it came time to close and when i saw ...

M1 Countertrend Scalping Strategy

excellent, both ways! i probably would of closed on the first bullish engulfment for the first trade, and i definitely wouldn't of had the patience to hold as long as you did on the second one

M1 Countertrend Scalping Strategy

where did you end up closing this one?

M1 Countertrend Scalping Strategy

exactly where you want it to be! wish i had your patience today, i missed the bottom and misread the price action again on this one image

M1 Countertrend Scalping Strategy

timing is a critical part of this strategy, get it wrong and it makes it so much harder, missing the bottom on this one made it much more difficult to draw a profit out of it image

M1 Countertrend Scalping Strategy