Highest Open / Lowest Open Trade

Well worth waiting for. Entry at the black circle.

Ignore the indi at the sharp end, as time has obviously moved on by the time I printed this.

After a weekend of research, I am going to use the HoLo entry alongside some other methods with very different trade management : I am looking for much larger winners & accept a lower win rate in the process. Just my preferred approach.

Many thanks to TooSlow and the other regulars on this thread : the only "improvement" I would suggest is to post your stats. No need to share position size, as i know this deters many, but either in pips, % or R values. It's a good discipline & can be very helpful to others (I trade mainly in a private group in which we share all our stats : it really helps, even though it can dent one's ego from time to time when something doesn't work out over a longer series of trades...).

Good trading to you all .

When You Lose a Star on Your Team, Can You Step In?


Many athletes rely on the top player or athlete on their squad.

You may view this ONE athlete as crucial to the success of the team. This star athlete may be the glue the holds the team together and leads in most of the team’s production.

This player may seem irreplaceable, but what if circumstances change?

What if that star athlete gets injured, ages up, graduates or moves to a different team?

And what if you are the one that receives the nod to be the replacement?

Many athletes can feel overwhelmed as a replacement for a star teammate.

When you replace a star teammate, you may feel you are being judged or compared to your predecessor.

You may question your abilities and feel you need to prove yourself. You might feel you have to produce in all the same ways as your predecessor.

That is a lot of responsibility and a ton of pressure to heap upon yourself. This negative mindset, the mindset of comparison, only leads to disappointment, frustration and poor performances.

The reality is that you don’t need to prove your worth.

You earned the new role on your team as a result of your athletic merits. Secondly, you don’t need to be a carbon-copy of your predecessor. You have a unique combination of skills and attributes.

When being the replacement for a star teammate, you must focus on your talents if you are to be the best version of yourself and an asset to your team.

Focusing on your skill set is the mindset that will help you achieve the most of your potential.

Stanford University running back, Bryce Love, has the right mindset as he is set to replace one of the Cardinals’ all-time best offensive players, Christian McCaffrey.

McCaffrey accounted for 40.1 percent of Stanford’s yards from scrimmage last season, set an NCAA record for all-purpose yards, was the 2015 Associated Press College Football Player of the Year, the 2017 Heisman Trophy runner-up and the No. 8 overall pick in the NFL Draft.

Love’s mindset is to focus on his skill set. Though Love is not the biggest player on the field he has blazing speed and agility.

LOVE: "You can’t necessarily worry about replacing Christian. Christian is going to be Christian, and at the end of the day, there will never be another Christian. In terms of me, I want to strive to be better, and I want to be the best version of myself and just go out and play."

Love may be no McCaffrey but make no mistake about it, McCaffrey is no Love either.

No matter what your sport or your circumstance, the only mindset that will translate into success is to focus on your game and how you can contribute to the overall success of your team.

Your Right Mindset for Replacing a Star Teammate:

Make a list of your skill set, include your physical abilities, technical skills, leadership skills, mental skills, etc. This is exactly what is meant by focusing inward.

Compete from your strengths and commit to being the best you can be.

So instead of trying the fill the "big shoes" of the person before you, why not just wear your own shoes?

- Dr. Patrick J. Cohn

Who is taking the 10 trade challenge the week of SEPTEMBER 3, 2017?

During the challenge you are only to trade the same pair.
Beginners do not get to trade multiple pairs until they have mastered trading one single pair.
GREEN PIPS TO ALL.
Cheers!

Hi everyone,
Had a look at this and it seems quite simple, So I've read many of the posts and understand the system. There is however one point I can't find, which I am sure is somewhere on the 500 or so posts. That is , if for example when price penetrates the highest open high of the day, and then falls back through it, then that would be a sell, My Q is if the price goes up above and then falls back on the same bar, do I sell on that bar or wait for the next bar. I hope that's clear and I thank anyone in anticipation of a reply

Hi Pete. Welcome to the thread.

For me, I play it that the new Highest Open on that H1 bar has been fixed. I would then drop to the m15 or m5 and take it from there. However, the danger with this is that the bar you are in can still continue on and become a Breakout Bar, which is a no-entry bar. That then becomes a 1-2-3 trade set-up.

To be safe, leaving it till the first bar closes and moves into the next hour is no doubt a better way to do it.

Another point, does it matter if the high open is applied to a bull bar or a bear bar, or is it just the highest open regardless of whether the resulting bar when it's closed is bull or bear.
thanks
sorry if that's is silly question

The Highest H1 Open is the Highest H1 Open...
The Lowest H1 Open is the Lowest H1 Open.
Nothing more, nothing less.

Dr Slow, Lem, Michael, Pippy and all - an absolutely great thread. I'm up to page 510 or so.
At +5, move your stop to BE+1. Is there a difference between that and simply a trailing stop of 4 once we hit +5?

As a newbie can some one confirm that this is a valid trade? Thanks

dear sir do you have EA for this?

This is from POST #1..

Please do not discuss or mention EAs in this thread.
EAs are not welcome here.

EAs distract from the method.
You have been warned.