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Highest Open / Lowest Open Trade

  • #13,461
  • Aug 29, 2018 3:54am Aug 29, 2018 3:54am
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Not to be redundant but once again caught the EU long for +10.
  • #13,462
  • Aug 29, 2018 11:46am Aug 29, 2018 11:46am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,463
  • Aug 30, 2018 2:50pm Aug 30, 2018 2:50pm
Can someone explain me why we don't trade after the price is higher/lower from previous day? And if there is a H1 breakout?

It seems the previous day rule is very good I have tried trading after the price was higher/lower and I got train wrecked more or less.

Can someone just explain it simple why this happens?
Anything above the line is an uptrend, below the line is a downtrend.
  • #13,464
  • Aug 30, 2018 3:22pm Aug 30, 2018 3:22pm
Quoting Degolep
Can someone explain me why we don't trade after the price is higher/lower from previous day? And if there is a H1 breakout? It seems the previous day rule is very good I have tried trading after the price was higher/lower and I got train wrecked more or less. Can someone just explain it simple why this happens?
Simply because it would suggest that there is momentum behind the move, enough to sustain a single direction bias over a couple of days (or more).

We are looking for exhaustion, not momentum.
  • #13,465
  • Aug 30, 2018 11:14pm Aug 30, 2018 11:14pm
Morning all
GBP/JPY
5.10 am UK time
No trading for me yesterday, but price has dropped to the mid way point of the big move up ( 50% on fibo )
Regards
Kev
  • #13,466
  • Aug 31, 2018 10:15am Aug 31, 2018 10:15am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,467
  • Sep 3, 2018 5:53am Sep 3, 2018 5:53am
took this trade on GC, can someone tell me what the brown and blue zones are? I'm not the far through the thread yet
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life is a reflection of what we allow ourselves to see
  • #13,468
  • Sep 3, 2018 5:54am Sep 3, 2018 5:54am
I put a trailing stop on now, I guess that's what you guys are doing as its starting to run
life is a reflection of what we allow ourselves to see
  • #13,469
  • Sep 3, 2018 6:37am Sep 3, 2018 6:37am
Quoting mikeeating
took this trade on GC, can someone tell me what the brown and blue zones are? I'm not the far through the thread yet {image}
these are alien areas where you can get in contact to their technology.
trading is like dancing, don't think and just listen to the music!
  • #13,470
  • Sep 3, 2018 3:02pm Sep 3, 2018 3:02pm
Quoting mikeeating
took this trade on GC, can someone tell me what the brown and blue zones are? I'm not the far through the thread yet {image}
Is it not a tweaked version of Hairi's variant of the inductor that colours the Areas of Interest?
  • #13,471
  • Sep 3, 2018 3:53pm Sep 3, 2018 3:53pm
Quoting mikeeating
took this trade on GC, can someone tell me what the brown and blue zones are? I'm not the far through the thread yet {image}
Since everybody is messing with you i would try and tell you for what i know thoose are Supply and Demand zones also have some effect of support and ressistence...Green pips my friend...
You win some you loose some do both with peace of mind
  • #13,472
  • Sep 3, 2018 5:38pm Sep 3, 2018 5:38pm
Quoting magne999
{quote} Since everybody is messing with you i would try and tell you for what i know thoose are Supply and Demand zones also have some effect of support and ressistence...Green pips my friend...
No, they're not. TooSlow doesn't use Supply + Demand in his set ups, not via an indicator anyway.

It's as I said. The colours are the Areas of Interest. Look at the levels that bound it on the H1. The H/L new H1 Open and the Daily H/L.

I'll post a chart tomorrow once I get the screens fired up.
  • #13,473
  • Sep 3, 2018 5:40pm Sep 3, 2018 5:40pm
My post above, #13471 should obviously read "indicator", not " inductor". Auto Correct on my phone at play.
  • #13,474
  • Edited 6:54pm Sep 3, 2018 6:33pm | Edited 6:54pm
Saw it when looked at chart above...Daily high and low didnt see it off the chart from post quoted....As what i know i said it looked like SUP/DEM too me...
You win some you loose some do both with peace of mind
  • #13,475
  • Sep 4, 2018 2:49am Sep 4, 2018 2:49am
yes, its of course the area of interest as lem said. its part of an indy...

i have blue rectangled the area of interest in this EJ short trade:
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #13,476
  • Sep 4, 2018 2:52am Sep 4, 2018 2:52am
Quoting birdland
yes, its of course the area of interest as lem said. its part of an indy... i have blue rectangled the area of interest in this EJ short trade: {image}
Thanks, buddy. Saves me having to do it.
  • #13,477
  • Sep 4, 2018 9:59am Sep 4, 2018 9:59am
Quoting lemercenaire
A runaway train...oil powered. {image}
Hi Lemercenaire,
Was this entry not a Break-out trade?

Quoting lemercenaire
A runaway train...oil powered. {image}
Hi Lemercenaire,
Was this entry not a Break-out trade?
Post # 13327
August 15th
Hercs
  • #13,478
  • Sep 4, 2018 10:40am Sep 4, 2018 10:40am
Quoting Hercs
{quote} Hi Lemercenaire, Was this entry not a Break-out trade? {quote} Hi Lemercenaire, Was this entry not a Break-out trade? Post # 13327 August 15th
Yes, that was the point. I wasn't in on any trade, it was to illustrate what a typical ''Runaway Train'' looked like...the very definition of a Break-Out trade.
  • #13,479
  • Sep 4, 2018 12:40pm Sep 4, 2018 12:40pm
Quoting lemercenaire
{quote} Yes, that was the point. I wasn't in on any trade, it was to illustrate what a typical ''Runaway Train'' looked like...the very definition of a Break-Out trade.
Much appreciate you.
Thanks.
Hercs
  • #13,480
  • Sep 5, 2018 7:34am Sep 5, 2018 7:34am
Maybe somewhere to keep an eye on today...

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