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niks replied Jul 1, 2024for the ftmo trials, my total risk is 5%, i must close all positions if drawdown threatens to exceed this level... there are no pre determined stop levels, trades are actively managed and further opportunites are sought while in drawdown, also, it ...
M1 Countertrend Scalping Strategy
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niks replied Jul 1, 2024M1 AUDUSD - back in sync! entry on ema9 overextension, outer kc and cc breach, target return to ema200, cc midline and opposing outer kc... image then the news popped and just missed my original targets, so i increased them due to extra volume in ...
M1 Countertrend Scalping Strategy
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niks replied Jul 1, 2024M1 AUDUSD - an example of how i manage risk on a bad trade... the trade above went off script from the very first entry - improvisation was required to actively manage risk and return a profit... i stop adding orders at some point, i also adjust ...
M1 Countertrend Scalping Strategy
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niks replied Jul 1, 2024M1 AUDUSD lot sizing and number of entries are only trivial aspects of risk management and more aligned with money management.. image actual risk management involves accurate and strategic timing of entries and exits while remaining fluid and ...
M1 Countertrend Scalping Strategy
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niks replied Jul 1, 2024managing risk via cost averaging works best when choosing the right lot size for your leverage, for the ftmo trials at 30:1, i am using 2 lots per entry trading AUDUSD and EURUSD on a 260k account... the number of entries i allow myself is purely ...
M1 Countertrend Scalping Strategy
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niks replied Jun 30, 2024chapter 4 on pullbacks and ema's is most relevant to this strategy and a good place to start... it may take a while to reach the target but at least you shouldn't breach the drawdown limits, and you'll be learning a lot along the way, all the best!
M1 Countertrend Scalping Strategy
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niks replied Jun 30, 2024M1 BTCUSD - double dip off support into resistance! image image
M1 Countertrend Scalping Strategy
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niks replied Jun 30, 2024M1 BTCUSD - enter on the lower low, exit on lower high! image image
M1 Countertrend Scalping Strategy
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niks replied Jun 28, 2024hello lucky32, i do not use a stop loss, i will only set take profit targets, i will stop myself out when the trade has a deep drawdown and i feel there is no chance of a quick recovery, sometimes i get it right, others i don't like below, best of ...
PA Trading with EMAs and common Sense
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niks replied Jun 28, 2024M1 AUDUSD trend continuation kc and cc midline entries... image targeting break of prior resistance! image
PA Trading with EMAs and common Sense
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niks replied Jun 28, 2024M1 AUDUSD - catching the ema200 bounce! image image
PA Trading with EMAs and common Sense
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niks replied Jun 28, 2024M1 AUDUSD entry on ema9 overextension, inner cc breach, outer kc breach and rsi above 70... image target opposing outer kc channel a bit above ema200 and rsi below 30! image
PA Trading with EMAs and common Sense
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niks replied Jun 27, 2024you're welcome! al brooks is a great teacher of price action, it is a heavy read but well worth it... do whatever feels comfortable with your zooming and thanks for removing the background... at your current zoom level, you probably don't need to ...
M1 Countertrend Scalping Strategy
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niks replied Jun 26, 2024not at all, when dealing with a single timeframe, zoom levels play an important role, the screen shots are typically trying to capture the best view of the trade... i will add i find the background graphics of your charts very distracting... while ...
M1 Countertrend Scalping Strategy
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niks replied Jun 26, 2024M1 AUDUSD midline entry following hold back above ema9... image targeting outer channels and rsi above 70! image
PA Trading with EMAs and common Sense