I would say for novies and just to get a feel. use low leverage, and with basket of trades try keep it down to 5-10% down drawn of account. even close postions if it exceeds

M1 Countertrend Scalping Strategy

I use if price breaks through S3/R3

M1 Countertrend Scalping Strategy

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M1 Countertrend Scalping Strategy

Knowing price action, stop-loss hunting, market-sentiment, pivot points ideal reverse zone. i took 3 trades today from 9am UK time. Avoid the opens

M1 Countertrend Scalping Strategy

Abade pivot points and yesterday high/low is even better than BB. You could take less trades and just be more clinical with trades. Dax is really good because it’s a choppy instrument

M1 Countertrend Scalping Strategy

I normally use IG markets. Low spreads. Only issues is they don’t offer a high leverage. Only 1:30 for indices

M1 Countertrend Scalping Strategy

Can anyone recommend a good broker for thisn system?

M1 Countertrend Scalping Strategy

this would be good on Dax. Also I have added daily pivots and yesterday previous high and low. To get a good entry’s.

M1 Countertrend Scalping Strategy

correct

Billytt Die happy trading e/j daily breakout

if you could collect stats just showing price reaching 50% fib extention on first break

Billytt Die happy trading e/j daily breakout

thats correct on Dax. TP is only 50% of fib extention. And the stop loss is opposite of the range plus 10 ticks. the rangen acts as support like today.

Billytt Die happy trading e/j daily breakout

fib extenstion of the range target 50%. Really you would want to see a candle close opposite side to close trade at a stop loss. Because it can act as a support and get a large fake out before going into profit this is on phone so not the best

Billytt Die happy trading e/j daily breakout

It be interesting on peoples thoughts on how to trade the dax 00:00-04:00 successfully. Target 50 fib

Billytt Die happy trading e/j daily breakout

If you coud find stats for Dax (GER30) 00:00-04:00 break. TP Fib 50%, stop loss candle close opposite of the range. normally i do a fib retracement of the range and add postions at 38 and 61. but im sure this is hard to backtest.

Billytt Die happy trading e/j daily breakout

This is where I think if you want to aim for higher pip count. Waiting for a candle to clearly break the high and low for an stronger confirmation. Bare in mind the range is wider. I know you aim for a more direct in and out type of trade. I’m ...

Billytt Die happy trading e/j daily breakout

Just to add to this. You might want to wait to open or close a position after a 5min/15 min candle is outside of the range because often the highs and lows of the 4-hour bar acts as support and resistance and get you in or out of the market ...

Billytt Die happy trading e/j daily breakout

The 00-00 to 04:00 is a powerful indication which direction price will go. I notice even when price breaks the high/low it has three options. Majority of times it breaks and keeps on going. Secondly it breaks for a few points comes back into the ...

Billytt Die happy trading e/j daily breakout

This looks a powerful tool. Love it if it was on trade station

Predicting the sp500 on the hourly chart

claudia is ther an effective way of trading it with a stop-loss?

Billytt Die happy trading e/j daily breakout

Claudia have your done any work with renko? I think if you half the brick size of the ATR for small timeframes and maybe 33% of ATR for high timeframes. I personally think renko is more suited for stocks. DAX can be a bit choppy at times so i ...

Billytt Die happy trading e/j daily breakout