I think this Support Wall is about to break. There are too many nails already.

Gold, Daily

I think Gold is shifting trend from high to low.

Gold

All the best to us all. It is just my assumption that the Gold may fall to the 1740 price level.

Gold

Gold .... Sell Sell Sell I am assuming Gold will fall to 1740.

Gold

Thank you dear cpfleger for the explanation. Now I understood it clearly. My best regards, Sir!!

M1 Countertrend Scalping Strategy

I believe, Larger EMA = More Risk. Hence KOF plays around smaller EMA against tend and larger EMA with the trend. Please correct me if I am wrong. My best regards!!

M1 Countertrend Scalping Strategy

image This is my view on Gold on a Daily Timeframe Anybody has a different view, please enlighten me. Regards!!

Gold

I use default ZigZag parameters (i.e, 12,5,3) along with TEMA (200 Period). I trade in the TEMA direction and open an entry at the end of the previous ZZ leg. My SL remains at the opening of the current ZZ leg. And I target a fixed TP of 30/50 Pips. ...

Way to approach the ZigZag indicator! (?)

I second on this dear cpfleger, just as KOF does!! My best regards!!

M1 Countertrend Scalping Strategy

Just started yesterday following the strategy... Whooping profit of +5.88 USD with micro lots... I am gaining more confidence gradually. Many Thanks cpfleger and Abade!! image

M1 Countertrend Scalping Strategy

According to my analysis market has a range of potential from 1817 to 1780. Anyways, I am not trading now. I will re-analyze the market tomorrow.

Gold

True Jers! I just used an alternate way to explain the slippage.

Gold

It's not a scam, but a market spike. Please avoid placing auto orders during the time of news. So what happened exactly is, you placed a pending order at 1805; however, the candle reached 1797 within micro/nanoseconds. Hence, there was not enough ...

Gold

Indeed, I am learning and made USD 7 stand-alone after your guidance and yesterday's session with King (aka KOF). Special mention, Abade for starting this thread and leading the path. Many thanks to both cpfleger and Abade!!

M1 Countertrend Scalping Strategy

Excellent! Thank you dear cpfleger Could you please also share the RSI settings for this strategy? My best regards!!

M1 Countertrend Scalping Strategy

You would need to add multiple indicators. So if you need to break it into hours - approx. 23 indicators should be used. In the Hour_Num use 1 for the first hour and then in each indicator change the Hour_Num to its corresponding value, eg., 2,3,4, ...

Time period indicator

Please refer to this url

M1 Countertrend Scalping Strategy

Try this! It was there in my repository; I haven't used it for quite a long.

Time period indicator

Just joined KOF's channel. It was an amazing session. Trading had never been so fun!! Thanks, Dear Abade for the recommendation!

M1 Countertrend Scalping Strategy

Excellent!!

M1 Countertrend Scalping Strategy