My broker uses Thinkorswim. It doesn't show entrys and exits, just buys and sells. I'm American and under FIFO rules, so I can't be long and short at the same time. So if you see three buys and then a larger sell, the position was closed. I agree, ...

M1 Countertrend Scalping Strategy

Here's an interview with Al Brooks about price action trading. Skip to 55:10 and he'll start discussing scaling positions and the importance of switching if your bias was wrong: url

M1 Countertrend Scalping Strategy

After I took profits on AUD/USD this morning, I had to wait a little while for the trend to calm down and start ranging. Got some countertrend scalps in, but overall not a very productive morning. Things weren't moving much and I took profits a ...

M1 Countertrend Scalping Strategy

I like your charts, cpfleger. I also like using channels. Are yours drawn manually or is that an indicator?

(binned per thread starter's request) Naked Trading With HA Handl

I'm still working on this as well. One thing that has helped me when switching is turning off the EMAs and look at the chart naked. I find the EMAs give me a countertrend bias every time. When I average orders on a naked chart, my bias is based more ...

M1 Countertrend Scalping Strategy

At the end of New York session yesterday, I saw that AUD/USD made a parabolic move up and started losing momentum as it neared a trendline from H1. I averaged in some orders to build my position in that zone. Woke up this morning just as it was ...

M1 Countertrend Scalping Strategy

Thanks for sharing, Niks. It's encouraging to see your success with the system. It looks like your win rate has really improved in the last few months. I know you want to keep your account private, but would you mind sharing what your average profit ...

M1 Countertrend Scalping Strategy

Sorry. I use Thinkorswim.

(binned per thread starter's request) Naked Trading With HA Handl

cpfleger, I want to learn more about your process. My broker doesn’t use mt4, though. How would you recommend I set up my charts using basic indicators that are included in most charting software?

(binned per thread starter's request) Naked Trading With HA Handl

Niks, do you hedge or just stop out as part of your risk/money management? Because of FIFO, I can't hedge. So instead, when my averaging gets away from me, I stop out and then renter later with the same lot size that I had when I stopped out. (Same ...

M1 Countertrend Scalping Strategy

Thanks for confirming that for me, cpflegger. When it moves against you, do you average down or stop out? I wasn't able to figure that out looking through your posts. Thanks!

M1 Countertrend Scalping Strategy

I’ve been following this thread for a few months and finally joined FF so I can participate. Thank you to everyone who’ve contributed. I’ve learned a lot from your posts. I’ve been trading live and demo using KOF’s methods for a few months. I have a ...

M1 Countertrend Scalping Strategy