yes your right Niks, unfortunately we get good and bad trades it’s part of the game. Definately not easy trying to make a living from forex. But practice makes better.

M1 Countertrend Scalping Strategy

yeh I know Niks… the only reason I trade gold is because I find there’s more reversals.

M1 Countertrend Scalping Strategy

[quote=niks;14711626] the first level is break of support and ema200 is down so good time to STOP or NOT countertrend at this point - wait for new support and down trend to exhaust or follow the downtrend instead... but this is M15 chart so not ...

M1 Countertrend Scalping Strategy

image This is clear evidence you can’t keep buying to return to profit…. Gold was a good example from last night till now. I actually started buying really late on the chart but it just continued to drop and drop further.

M1 Countertrend Scalping Strategy

it’s difficult but trading without a stoploss stops market makers trying to shake you out when they go fishing. Plus like the King Of Forex said he never uses a stoploss. I do cut loses when things get out of hand too much but I stay alert whenever ...

M1 Countertrend Scalping Strategy

image Just a quick update, I have started phase 2 on my prop firm challenge… was £700 up but then XAUUSD (gold) decided to trend late in the evening and I made a careless wrong entry, basically the entry was too early and it cost me as I tried to ...

M1 Countertrend Scalping Strategy

image After 3 previous attempts I have managed to pass stage 1 of my prop firm challenge. Waiting for them to put me onto stage 2 so I can begin. Many thanks to this great forum and awesome people that are here to help others… I’m just an amateur ...

M1 Countertrend Scalping Strategy

Niks... I noticed you said crappy trend trade results... but educate me on this, what actually went wrong here?.... as I would have been very happy trading this chart or scalping it anyway.

M1 Countertrend Scalping Strategy

Thank you so much Nik, I really appreciate that and the help that you have given me.. I think You, cpfleger and Abade have kept this thread alive thru the 500 pages and I’m glad you have and happy I found this forum as it helps novice traders like ...

M1 Countertrend Scalping Strategy

Thank you Abade…. I’m not sure if I can do it yet… 2.2% for phase 1 but still a phase 2 after that. I’m trying to stay confident as I have failed twice in the pass. But each time was due to staying in positions for too long, scalping sometimes ...

M1 Countertrend Scalping Strategy

Need another 2.2% to pass my prop firm challenge and advance to phase 2.

M1 Countertrend Scalping Strategy

Niks I’m not familiar with Renko, from a quick glance they seem like the heikin ashi candles that cpfleger uses.

M1 Countertrend Scalping Strategy

CP… question I would like to ask please, with the scalping you have demonstrated previously. Is this the indicator you use?… so you use the Jurik Smoothed channel line and enter a sell or a trade on the first flat ended candle that closes under or ...

M1 Countertrend Scalping Strategy

Oh no… there I was thinking MT5 was the better format… because visually it looks better. I previously used MT4 for about 8 months before I transitioned into using MT5. Currently trying an FTMO challenge. Thanks so much CP I appreciate you helping ...

M1 Countertrend Scalping Strategy

Hi CP…. Thanks for letting me know I appreciate it greatly my friend. I’ve also been trying to find the RSI indicator you use for the MT5 unfortunately only the MT4 version is available. I use to use MT4 as well but recently changed to using MT5, ...

M1 Countertrend Scalping Strategy

Hi CP…. I have downloaded your superdem indicator for my MT5 but can I ask where I can get the MT5 download for that colour changing moving average you have shown here. Thanks in advance.

M1 Countertrend Scalping Strategy

Thanks Niks… been looking for this as I use the mt5 format.. had to shrink the lines down to 1 thickness but it’s awesome… need to practice using it though. Thanks bro

M1 Countertrend Scalping Strategy

Hi SurMoose, I think you’re spot on with what you said. Most of the time KOF does only use the return to ema stategy and it clearly works. I too myself have been practising it for a year on demo.. hoping to actually pass a prop firm challenge on ...

M1 Countertrend Scalping Strategy

Niks… do you have the mt5 version of the keltner channel you use how download?… as I’m currently using mt5 for trading. Thanks in advance.

M1 Countertrend Scalping Strategy

If I remember or come across the channel name again yes sure I will. In the other hand Niks may I ask you if that’s bollinger bands on your setup?.. if so where can I get that particular bollinger band indicator and what settings?.. as it doesn’t ...

M1 Countertrend Scalping Strategy