M1 Countertrend Scalping Strategy

M1 USTEC

XAU is experiencing a very strong trend today. Failing to manage your risk could have fatal consequences.
KOF always says, "Feel the market."
When the market moves significantly away from the 9-period EMA over consecutive periods, it signals very strong momentum. Be careful, adding to your position under these market conditions can be disastrous.

First buy position was at 1.13400 price didn't reach my tp instead it went against me I patiently waiting until price get to 1.13360
That was when I entered my second position which a little bit early which would have been 1.13350 then my third position didn't get executed at 1.13300 because price didn't get to it because before that price the bearish momentum was over. DONE FOR THE DAY.

Niks, how do you find USTEC compared to gold? Less impulsive? Better/faster mean reversion? Less impacted by news?

hey nealie, the margin is much lower, there are no commissions, the spreads are roughly on par, however, the gold spread fluctuates constantly, and ustec is mostly fixed, so it's much better from a money management perspective - in terms of price action, it is much less impulsive, it creates solid trends and works well for mean reversion, but you have to be very quick to catch the exit, they can be tricky due to its trending nature, it's better to try and catch trends, the news will variably impact it much like everything else

M1 USTEC

M1 USTEC

M1 USTEC