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Highest Open / Lowest Open Trade

  • #12,021
  • Nov 20, 2017 11:27am Nov 20, 2017 11:27am
Busy with life ''stuff'' today but managed to latch onto one nice move...

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  • #12,022
  • Nov 21, 2017 5:54am Nov 21, 2017 5:54am
hi guys am new the thread, this was yesterday
what do u guys think am i getting it right?
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  • #12,023
  • Nov 21, 2017 7:25am Nov 21, 2017 7:25am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,024
  • Nov 21, 2017 7:26am Nov 21, 2017 7:26am
Quoting seabanks
hi guys am new the thread, this was yesterday what do u guys think am i getting it right? {image} {image} {image} {image} {image}
Are you in profit or loss?
That's the question.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,025
  • Nov 21, 2017 8:33am Nov 21, 2017 8:33am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,026
  • Edited 6:10am Nov 22, 2017 5:32am | Edited 6:10am
Quoting TooSlow
{image}
On your example, it wasnt on low breakout ?
edit: my fault didn't saw that previous candle made the new low.
  • #12,027
  • Edited 7:11am Nov 22, 2017 6:49am | Edited 7:11am
Opened on Aud/Usd

edit: took small profit, because of upcoming news
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  • #12,028
  • Nov 22, 2017 7:39am Nov 22, 2017 7:39am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,029
  • Nov 22, 2017 8:09am Nov 22, 2017 8:09am
Quoting TooSlow
{image}
I TooSlow

Here today Low is below yesterday Low.
Do you keep on trading the pair in this case ?
Or do you only avoid trading at the breakout ?
  • #12,030
  • Nov 22, 2017 10:41am Nov 22, 2017 10:41am
Hello all, entered this long on UJ a few minutes ago.


edit: somehow I loaded the 5 min chart, sorry.
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Wow! I've got some experience to gain.
  • #12,031
  • Nov 22, 2017 10:52am Nov 22, 2017 10:52am
111.57 is lowest open. Still hanging in negative territory.
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Wow! I've got some experience to gain.
  • #12,032
  • Nov 22, 2017 10:58am Nov 22, 2017 10:58am
Quoting Lawnman
111.57 is lowest open. Still hanging in negative territory. {image}
I would advise getting out (if you've even gone in at all) of anything connected to the USD, as it's Thanksgiving Day tomorrow.
  • #12,033
  • Nov 22, 2017 11:00am Nov 22, 2017 11:00am
Quoting Lawnman
111.57 is lowest open. Still hanging in negative territory. {image}
SL hit
Wow! I've got some experience to gain.
  • #12,034
  • Nov 22, 2017 12:03pm Nov 22, 2017 12:03pm
9 trades yesterday => 7 win, 2 lose = 48 pips
No trade today
  • #12,035
  • Nov 22, 2017 1:34pm Nov 22, 2017 1:34pm
Quoting Bestof27
{quote} I TooSlow Here today Low is below yesterday Low. Do you keep on trading the pair in this case ? Or do you only avoid trading at the breakout ?
Do the rules mention avoiding breakouts?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,036
  • Nov 22, 2017 1:55pm Nov 22, 2017 1:55pm
Quoting TooSlow
{quote} Do the rules mention avoiding breakouts?
No, the rules don't mention avoiding breakouts, but to be very careful... So to be more precise what make you trade when daily extremes goes beyond yesterday extremes.
On Monday, I tried to take as many trades I could (following the rules on 5' chart) and got poor results... Yesterday I sort of filtered and got good results, so I believe that there are missing rules. If not it would be very easy to trade with an EA because rules are very simple ....
  • #12,037
  • Nov 22, 2017 2:12pm Nov 22, 2017 2:12pm
Quoting lemercenaire
{quote} I would advise getting out (if you've even gone in at all) of anything connected to the USD, as it's Thanksgiving Day tomorrow.
Thanks man, I shouldn't have gotten in it with the news that was pending either, just glued to the chart. Thankfully, still using very small positions.
Wow! I've got some experience to gain.
  • #12,038
  • Nov 22, 2017 2:19pm Nov 22, 2017 2:19pm
Quoting Lawnman
{quote} Thanks man, I shouldn't have gotten in it with the news that was pending either, just glued to the chart. Thankfully, still using very small positions.
No worries.

It's only a mistake if you don't learn from it!
  • #12,039
  • Nov 23, 2017 9:13am Nov 23, 2017 9:13am
Quoting TooSlow
{quote} Are you in profit or loss? That's the question.
Am in profit. Those trades was my first time trying this method, once i get comfortable i will try the 10 trade challenge.
  • #12,040
  • Nov 23, 2017 9:16pm Nov 23, 2017 9:16pm
Quoting bestof27
{quote} no, the rules don't mention avoiding breakouts, but to be very careful... So to be more precise what make you trade when daily extremes goes beyond yesterday extremes. On monday, i tried to take as many trades i could (following the rules on 5' chart) and got poor results... Yesterday i sort of filtered and got good results, so i believe that there are missing rules. if not it would be very easy to trade with an ea because rules are very simple ....
please read post #1 in entirety.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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