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Highest Open / Lowest Open Trade

  • #13,241
  • Aug 9, 2018 10:33am Aug 9, 2018 10:33am
Quoting Degolep
{quote} To be honest I don't know exactly because it doesn't show right in the mt4 as you saw in the picture. I have an icmarkets True ECN account. https://www.icmarkets.com/en/trading-pricing/spreads
This will give you an idea of what's what...

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  • #13,242
  • Aug 9, 2018 10:57am Aug 9, 2018 10:57am
Quoting lemercenaire
{quote} This will give you an idea of what's what... {image} {image} {image}
I will just have another stab at it.

Why are mine and your Pivots different values and different lines? Broker thing?
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Anything above the line is an uptrend, below the line is a downtrend.
  • #13,243
  • Aug 9, 2018 11:33am Aug 9, 2018 11:33am
Quoting Degolep
{quote} I will just have another stab at it. Why are mine and your Pivots different values and different lines? Broker thing? {image}
Could be.

If the brokers are on different star times to their day.

Different indis can use different parameters to work things out. A broker's own online platform can do its own thing as well.

I use Davit's (as far as I remember) which has got to be as good as it can get.

Basically, like any indi, find one which works for you and stick with it.
  • #13,244
  • Aug 9, 2018 11:39am Aug 9, 2018 11:39am
Quoting Newt
{quote} So there was a trade in the UJ? If thats the case, can you point it out on the m15?
Here's the one that triggered this afternoon (UK time). I have added vertical lines to show the time of the bars...

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  • #13,245
  • Aug 9, 2018 1:44pm Aug 9, 2018 1:44pm
Quoting Hercs
Lemercenaire, when you have a moment again, won't you please look at my DAX-H1 chart attached and help me to understand an issue that I simply am battling with? Starting with candle "A" at my open, it first goes UP and then descended through open price which was 12647 and it ran down for some 36 pips before it closed for 22 pips. Candle B took the price down to 12582 and took out my TP for +50. It then also reverses and went all the way up passed candle A's Open price, before it receded to close @ 12639. ( Have I switched to M-15, I could have taken...
Ok. Here we go.

If I'm reading all of this right, I would say that:

1:
Candle "C" then went up for some 10 pips and receded through its open @ 12639 ( Black line ending at "G") - Was entry legit for short?
Yes, that was a legit entry.

2:
Candle "E"...
Candle 'E' is a breakout candle. Wouldn't be traded.

3:
Candle "F" has a spike of 17 pips and once again taking M-15 into consideration, I took that short at the open of that candle - marked in Yellow.
Right. As I read this, it seems like we have 'E' and 'F' mixed up? Can you read the above again and edit it if it is wrong. Candle 'E' is marked in yellow, not 'F' which would be fine but this impacts on my reading of the 2nd question if that is wrong also. See what I mean?

It's no problem, I just need it clear if it's wrong right enough.
  • #13,246
  • Aug 9, 2018 11:59pm Aug 9, 2018 11:59pm
Quoting Moly_Cam5
{quote} what should i do to not miss opportunities ??? just miss this one with one bar
Be there. If you miss the bus another will come along.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,247
  • Aug 10, 2018 1:07am Aug 10, 2018 1:07am
Morning everyone.
Cable
Uk time 6.53 am
Highest open 1.2834
Higher high. 1.2835
Lower open 1.2822
Lower low. 1.2797
Price has broken yesterday's low., So trade with caution.
No trades yesterday,
I missed opertunities from 11.am onwards
I'm still up 8 points over 3 trades, with 1 day left.
IllI try again next week.
Regards
Kev
  • #13,248
  • Aug 10, 2018 1:13am Aug 10, 2018 1:13am
Quoting lemercenaire
{quote} Here's the one that triggered this afternoon (UK time). I have added vertical lines to show the time of the bars... {image} {image} {image}
The Green boxes, what are those?
Let me know if you find another entry in USDJPY, I keep learning from them
  • #13,249
  • Aug 10, 2018 1:27am Aug 10, 2018 1:27am
Quoting Newt
{quote} The Green boxes, what are those? Let me know if you find another entry in USDJPY, I keep learning from them
They are areas of Supply and Demand (in this case Supply - except the lower one on the first chart, which is Demand).

I don't trade much, if at all, on Friday, outside of my own DAX set-up first thing in the morning uk.
  • #13,250
  • Aug 10, 2018 1:33am Aug 10, 2018 1:33am
Quoting lemercenaire
{quote} They are areas of Supply and Demand (in this case Supply - except the lower one on the first chart, which is Demand). I don't trade much, if at all, on Friday, outside of my own DAX set-up first thing in the morning uk.
Thought so. I use supply and demand zones trading CoT, those zones are spot on to many times to be ignored
  • #13,251
  • Edited 3:04am Aug 10, 2018 2:34am | Edited 3:04am
Would below be a possible buy, according to the rules?
USDJPY

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  • #13,252
  • Aug 10, 2018 2:43am Aug 10, 2018 2:43am
Quoting Newt
Would below be a possible short, according to the rules? USDJPY {image}
No. You'd be looking Long, not Short.
  • #13,253
  • Aug 10, 2018 3:08am Aug 10, 2018 3:08am
Quoting lemercenaire
{quote} No. You'd be looking Long, not Short.
Just changed the post, I wrote wrong both in picture and text, I meant long. Sorry.
But a long would be according to the rules?
  • #13,254
  • Aug 10, 2018 3:28am Aug 10, 2018 3:28am
Possible set up on cable.
Watch out for red news 9.30 am
Regards
Kev
  • #13,255
  • Aug 10, 2018 3:59am Aug 10, 2018 3:59am
Quoting kevin1959
Possible set up on cable. Watch out for red news 9.30 am Regards Kev
Isn't it a bad idea to trade GBPUSD, when price is below yesterdays low?
  • #13,256
  • Aug 10, 2018 4:12am Aug 10, 2018 4:12am
Quoting Newt
{quote} Isn't it a bad idea to trade GBPUSD, when price is below yesterdays low?
Hi Newt.
Thanks for the reminder I had forgotten about that.
I think it has almost completed it's daily range though.
Regards
Kev
  • #13,257
  • Aug 10, 2018 4:20am Aug 10, 2018 4:20am
Quoting kevin1959
{quote} Hi Newt. Thanks for the reminder I had forgotten about that. I think it has almost completed it's daily range though. Regards Kev
No worries, glad that I could help. That's the least I can do with all the help I have gotten in here, especially from lemercenaire and ofcause from TooSlow that shared this strategy.
  • #13,258
  • Aug 10, 2018 6:25am Aug 10, 2018 6:25am
Quoting Newt
Would below be a possible buy, according to the rules? USDJPY {image}
im sorry but why you entered this trade?
you enter when price come to the lower open ?
Investing is SIMPLE but NOT EASY
  • #13,259
  • Aug 10, 2018 6:32am Aug 10, 2018 6:32am
Quoting Moly_Cam5
{quote} im sorry but why you entered this trade? you enter when price come to the lower open ?
Your right! I'll try again, thanks Moly
  • #13,260
  • Aug 10, 2018 6:45am Aug 10, 2018 6:45am
Quoting Newt
{quote} Isn't it a bad idea to trade GBPUSD, when price is below yesterdays low?
Hi Newt.
You have just cost me 26 pips lol
have a good weekend
regards
kev
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