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Highest Open / Lowest Open Trade

  • #11,861
  • Oct 26, 2017 3:41am Oct 26, 2017 3:41am
Has this theory/system been tested on markets other than forex?
  • #11,862
  • Oct 26, 2017 4:11am Oct 26, 2017 4:11am
Quoting andys0506
Has this theory/system been tested on markets other than forex?
Works on Indices - though the indicator / template won't work properly, so you need to jury-rig your own zones (easy enough).
  • #11,863
  • Oct 26, 2017 9:06am Oct 26, 2017 9:06am
Trade out by 3 SL... At the time of entry, it was not an H1 breakout bar...

Attached Image (click to enlarge)
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Life is like a snickers, its full of nuts!
  • #11,864
  • Oct 26, 2017 10:35am Oct 26, 2017 10:35am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,865
  • Oct 27, 2017 2:42am Oct 27, 2017 2:42am
Trade out by 4 SL... At the time of entry, it was not an H1 breakout bar...

I guess volatility at market open times does not help this, although I cant help thinking that volatility could go 50/50 in either direction...

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Life is like a snickers, its full of nuts!
  • #11,866
  • Oct 27, 2017 3:37am Oct 27, 2017 3:37am
Which of course was closely followed by a great drop...

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Click to Enlarge Name: Trade 4.3.JPG Size: 97 KB
Life is like a snickers, its full of nuts!
  • #11,867
  • Oct 27, 2017 7:37am Oct 27, 2017 7:37am
My first post on this thread. Wrapping my head around this concept - thought not hard is visual interpretation and action took time for me to get used to. Is this chart worth ?
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  • #11,868
  • Oct 27, 2017 11:39am Oct 27, 2017 11:39am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,869
  • Oct 27, 2017 11:40am Oct 27, 2017 11:40am
Quoting silentshadow
My first post on this thread. Wrapping my head around this concept - thought not hard is visual interpretation and action took time for me to get used to. Is this chart worth ? {image}
Welcome aboard, Mate.
Green pips to you.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,870
  • Oct 29, 2017 10:53am Oct 29, 2017 10:53am
Who is taking the 10 trade challenge the week of October 29, 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!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,871
  • Oct 31, 2017 10:33am Oct 31, 2017 10:33am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,872
  • Oct 31, 2017 10:35am Oct 31, 2017 10:35am
There was a message from a trader who said "you don't talk about your trades." The rules are on the charts. What else is there to talk about?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,873
  • Oct 31, 2017 11:25am Oct 31, 2017 11:25am
Apologies to TS for the indi. I was playing about with Alien ''stuff'' while my DAX is on holiday today and was in the right place at the right time to see this.

''It's HOLO, Jim...but not as we know it...''

Attached Image (click to enlarge)
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(Newcomers, please don't ask for the indi, as I'm not able to share and you should not be using anything but TS' indi anyway!)
  • #11,874
  • Nov 1, 2017 7:55am Nov 1, 2017 7:55am
Still playing with this. The set-ups are too good to stop just now, lol.

Attached Image (click to enlarge)
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I will get my act in gear soon, promise, TS!
  • #11,875
  • Nov 1, 2017 8:01am Nov 1, 2017 8:01am
moning

when you guys say "price must go through the higest/lowest open" does it mean close below/above it? what if it forms a wick
i trade 30 min TF, so if price goes under the lowest open then the same candle forms a wick above it, would that be a long entry?
  • #11,876
  • Nov 1, 2017 8:05am Nov 1, 2017 8:05am
Heads-Up...Possible set-up coming on UC.
  • #11,877
  • Nov 1, 2017 8:10am Nov 1, 2017 8:10am
Quoting shay14
moning when you guys say "price must go through the higest/lowest open" does it mean close below/above it? what if it forms a wick i trade 30 min TF, so if price goes under the lowest open then the same candle forms a wick above it, would that be a long entry?
Highest and Lowest H1 Open. That level is the same on any time-frame you happen to be looking at.

If a 15 or 5 min candle OPENS under (or over, depending on whether you are looking Long or Short) that level, then that's a potential set-up.
  • #11,878
  • Nov 1, 2017 8:11am Nov 1, 2017 8:11am
Quoting lemercenaire
{quote} Highest and Lowest H1 Open. That level is the same on any time-frame you happen to be looking at. If a 15 or 5 min candle OPENS under that level, then that's a potential set-up.
thank you, also watching usdcad
what's those dotted lines you have on your charts?
  • #11,879
  • Nov 1, 2017 8:13am Nov 1, 2017 8:13am
Quoting lemercenaire
Heads-Up...Possible set-up coming on UC.
Ah well...gone into Breakout mode. Wait for the next one.
  • #11,880
  • Nov 1, 2017 8:16am Nov 1, 2017 8:16am
Quoting shay14
{quote} thank you, also watching usdcad what's those dotted lines you have on your charts?
It's a HOLO indicator from what we refer to as ''Another Galaxy''.

I can't share it and am only using it as a plaything just now while I get my charts up and running again (I have just rebuilt my computer system and am slacking about getting my templates reloaded, lol).
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