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Highest Open / Lowest Open Trade

  • #12,501
  • Mar 9, 2018 5:59pm Mar 9, 2018 5:59pm
Quoting jtrade
{quote} ’See what you’re saying, thanks, lem, but I have a particular interest where there’s a retracement component to the entry as in my EJ trade. Whilst writing.... this is one of the clearest presented threads here at FF, so whilst I’m sympathetic with the struggles to be consistently profitable, making embittered-sounding remarks is unlikely to help... (obviously not referring to lem)...
What you're describing is what we used to call a "dipped" entry, where you react purely to price crossing and recrossing the trigger-line, with no necessity to wait for a candle to open in there and I still do this myself. Just saying that the less experienced traders should be aware that that technique is not in the original "rules".
  • #12,502
  • Mar 10, 2018 5:36am Mar 10, 2018 5:36am
10/1 +15
10/2 +1
10/3 -7.6
10/4 -14
10/5 -5.3
10/6 +28
10/7 -17.6
10/8 +15
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Have a nice weekend
  • #12,503
  • Mar 10, 2018 6:13pm Mar 10, 2018 6:13pm
Quoting bojack34
{quote} Because you NEVER help anyone. You always just say, "read page 1" or something like that. You are a great trader with a great Alien Tech system but IMO you are a horrible teacher. I'm not saying anything about your character, I'm not saying your a bad person in real life either.....just a horrible teacher with a great thread. The people who visit this thread should feel lucky that Lem is an active participant of this thread. You could stop posting your charts everyday and no one would ever miss them.
NEVER HELP ANYONE? I guess you haven't read this thread from the beginning. Helping some find the answer for themselves is much better than giving them the answer as in "give a man a fish..."

I agree, if no one ever posted again in this thread nothing would be missed because nothing has changed. This method is at least a decade old. No "improvements" have been made because it works day after day.

Referring someone to read page 1 is what they need to do because it is obvious they have not read it or need to read it over and over until it sinks in. Repetition is required to master a subject or skill.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,504
  • Mar 11, 2018 7:51pm Mar 11, 2018 7:51pm
Who is taking the 10 trade challenge the week of March 11, 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
  • #12,505
  • Mar 12, 2018 1:57pm Mar 12, 2018 1:57pm
Potential hunting ground...

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Ditto...

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  • #12,506
  • Mar 12, 2018 2:50pm Mar 12, 2018 2:50pm
Quoting dogdays713
{quote} hey lem and every one, whats the EA showing the higher open lower open something new?
Dunno, mate.
  • #12,507
  • Mar 13, 2018 3:53am Mar 13, 2018 3:53am
EJ seems like it may be a worthy hunting ground today.
  • #12,508
  • Mar 13, 2018 4:59am Mar 13, 2018 4:59am
Quoting lemercenaire
EJ seems like it may be a worthy hunting ground today.
While we're waiting for EJ to stop heading higher, UC may be a good alternative at the moment.
  • #12,509
  • Edited 7:26am Mar 13, 2018 5:38am | Edited 7:26am
Quoting TooSlow
Who is taking the 10 trade challenge the week of March 11, 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!
What do you mean by NO entry on H1,M15 or M5 BO.?
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  • #12,510
  • Edited 6:42am Mar 13, 2018 5:39am | Edited 6:42am
In my opinion, like a freight train, so rule 5
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edit
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Indeed breakout, the power of rules
  • #12,511
  • Mar 13, 2018 7:06am Mar 13, 2018 7:06am
Quoting Pedroall
{quote} What do you mean by NO entry on H1,M15 or M5 BO.? {image}
From post #1

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  • #12,512
  • Mar 13, 2018 9:34am Mar 13, 2018 9:34am
EG could give us something to end the day on.
  • #12,513
  • Mar 13, 2018 9:47am Mar 13, 2018 9:47am
here it is
I sell, put the stop and ....
Climb to take the stop and then down bad. !!!!!
I had to take 5 mg of Ansiolin so as not to break the screen
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  • #12,514
  • Mar 13, 2018 10:05am Mar 13, 2018 10:05am
Quoting Buitres
here it is I sell, put the stop and .... Climb to take the stop and then down bad. !!!!! I had to take 5 mg of Ansiolin so as not to break the screen {image}

Ouch! Sorry, buddy, that's a bad beat for sure.

In that instance, I would not have hesitated to re-enter though, even if it moved really fast back down, I would have taken as good a price as I could get, maybe around the marked levels area.

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Always easy after the fact, I know - but that's what practice is all about, trying to see every possible scenario you can and have a plan in place to deal with it. I bet you won't be caught out next time, right?
  • #12,515
  • Mar 13, 2018 10:10am Mar 13, 2018 10:10am
[quote = lemercenaire; 10868289] {quote} [/ highlight] [/ b] [/ i] Ahi! Scusa, amico, è di certo una brutta sorpresa. In quel caso, non avrei esitato a rientrare però, anche se fosse tornato molto velocemente indietro, avrei preso il miglior prezzo possibile, magari attorno all'area dei livelli contrassegnati. {image} È sempre facile dopo il fatto, lo so - ma è di questo che si tratta di pratica, cercando di vedere ogni possibile scenario possibile e avere un piano in atto per affrontarlo. Scommetto che non verrai catturato la prossima volta, vero? [/ Quote]


You can not escape certain traps but you can find a remedy
  • #12,516
  • Mar 13, 2018 10:53am Mar 13, 2018 10:53am
Quoting lemercenaire
{quote}[/highlight][/b][/i] Ouch! Sorry, buddy, that's a bad beat for sure. In that instance, I would not have hesitated to re-enter though, even if it moved really fast back down, I would have taken as good a price as I could get, maybe around the marked levels area. {image} Always easy after the fact, I know - but that's what practice is all about, trying to see every possible scenario you can and have a plan in place to deal with it. I bet you won't be caught out next time, right?
Yeah, lem, I saw this, but I just avoided the news and I didn't sell it.
  • #12,517
  • Mar 13, 2018 11:07am Mar 13, 2018 11:07am
Quoting Buitres
here it is I sell, put the stop and .... Climb to take the stop and then down bad. !!!!! I had to take 5 mg of Ansiolin so as not to break the screen {image}

THAT was from a economic news result, be carefull and DONT TRADE around that moment !! there are a lot of places where you can watch the "economic calendar" right here from forexfactory or other websites

avoid news time, dont get in the middle of a fight between bulls/bears =)
  • #12,518
  • Mar 13, 2018 11:12am Mar 13, 2018 11:12am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,519
  • Mar 13, 2018 11:39am Mar 13, 2018 11:39am
Quoting Buitres
[quote = lemercenaire; 10868289] {quote} [/ highlight] [/ b] [/ i] Ahi! Scusa, amico, è di certo una brutta sorpresa. In quel caso, non avrei esitato a rientrare però, anche se fosse tornato molto velocemente indietro, avrei preso il miglior prezzo possibile, magari attorno all'area dei livelli contrassegnati. {image} È sempre facile dopo il fatto, lo so - ma è di questo che si tratta di pratica, cercando di vedere ogni possibile scenario possibile e avere un piano in atto per affrontarlo. Scommetto che non verrai catturato la prossima volta, vero?...
You can not escape certain traps but you can find a remedy.

Assolutamente!
  • #12,520
  • Mar 13, 2018 11:40am Mar 13, 2018 11:40am
Quoting MichaelG
{quote} From post #1 {image}
ok
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