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cliffjaded replied Mar 14, 2023Here's a markup of today, late NY session of EURUSD 15s chart. I'm just marking some obvious liquidity zones and imbalances. EMA is 80 (to represent 20 on M1). You would set a limit either at the edge or if you're feeling frisky, 50% of the ...
M1 Countertrend Scalping Strategy
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cliffjaded replied Mar 14, 2023I'd recommend to try using Imbalances/FVGs instead or in addition to order block. You will be surprised how often price reacts sharply to them, even down to the 15s charts - how do i know? I take entries on 15s chart to target 1m, 5m and 15m ...
M1 Countertrend Scalping Strategy
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cliffjaded replied Mar 13, 2023Which makes me lean towards a stop-loss or using a small account with big lot sizes. Using a $100 account with 0.01 lots should allow you to average down and get lucky enough times to flip your account and take out your capital. If you want to go ...
M1 Countertrend Scalping Strategy
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cliffjaded replied Mar 9, 2023I draw them manually. You can try using those free Supply & Demand indicators and see if they suit you. I do use a Drawing Toolbox indicator to speed up the drawing and i use another indicator to alert me when price breaches the zone. Refer to my ...
M1 Countertrend Scalping Strategy
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cliffjaded replied Mar 8, 2023Taken out at $5.67. image I want to show some screenshots on how to use M1 zones to counter-trend scalp back to the 20ema or even to an opposite zone. They are by no means fool-proof but they provide pretty sharp reaction levels. image image
M1 Countertrend Scalping Strategy
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cliffjaded replied Mar 8, 2023Small scalp on EURUSD M1. Break-even achieved. Trailing stoploss based on breaking of micro Supply zones. Legend Red box = M5 zone Blue box = M1 zone
M1 Countertrend Scalping Strategy
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cliffjaded replied Mar 8, 2023If you don't mind paid tools, this guy has a host of them. AW Grids Maker Shepard Safety
M1 Countertrend Scalping Strategy
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cliffjaded replied Mar 7, 2023Yeah it's steep. Just clocked it another $280. I'm up $780 now. Another $220 and i can withdraw my principal $1000 and trade with free cash. But making a few dollars with $1000 with 0.01 lots when you know eventually there will be a deep trend that ...
M1 Countertrend Scalping Strategy
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cliffjaded replied Mar 7, 2023I believe his template and indicators are for MT4, not MT5.
M1 Countertrend Scalping Strategy
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cliffjaded replied Mar 7, 2023Examples of reaction to M1 zones. Useful for KOF-style counter-trend trading.
M1 Countertrend Scalping Strategy
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cliffjaded replied Mar 6, 2023I've been messing around with other systems - both indicator-based and price action - and achieved a negative expectancy. In fact, the losses piled on quickly due to use of stoploss. Whenever I revert back to this system with averaging, albeit with ...
M1 Countertrend Scalping Strategy
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cliffjaded replied Mar 5, 2023Here's 2 scripts I wrote when I was trading last week. I use them to set a collective break-even, trailing stoploss and a takeprofit. Together with the Averaging Breakeven lines indicator, I know the cash value of those levels. Either macro the ...
M1 Countertrend Scalping Strategy
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cliffjaded replied Jan 21, 2023I'll be honest. I was sweating when I was selling in a strong uptrend at one point. I was trying to "KOF" it out by just stacking ridiculous orders. It was really pure luck I came out of it unscathed. A cursory glance at the Euro in the past 2 years ...
M1 Countertrend Scalping Strategy
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cliffjaded replied Jan 21, 2023Yeah, it's obvious he uses a demo account and his over-the-top comments are to drive sales for his packages. While the core principle of Mean Reversion remains solid, his money management is utterly insane. Fortunately, Abade and cpfleger have ...
M1 Countertrend Scalping Strategy
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cliffjaded replied Jan 20, 2023Yeah it was completely retarded. Please don't follow my example. If you've read my earlier posts, you will know that I practise a more measured approach using M5 and M1. I was just trying to get a "feel" of extreme scalping. I usually hedge by ...
M1 Countertrend Scalping Strategy
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cliffjaded replied Jan 20, 2023Finished with +2.5%. Done for the day as it's Friday and the markets are winding down.
Hedging/averaging trades without prediction
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cliffjaded replied Jan 20, 2023Finished with +2.5%. Done for the day as it's Friday and the markets are winding down.
M1 Countertrend Scalping Strategy