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Highest Open / Lowest Open Trade

Is there any Indicator/ea scanning all pairs for automatic alerting when we are in the zone? Or you guys have to look at the chart all day?
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting bkproteus
Is there any Indicator/ea scanning all pairs for automatic alerting when we are in the zone? Or you guys have to look at the chart all day?
That is ADVANCED ALIEN CIVILIZATION TECHNOLOGY YouTube.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting TooSlow
{image}

Good day, I know previously in the USDJPY thread you posted your charts, and I asked what your charts are based on. I wish you shared you're thread, I didnt realize you shared you're system, until just a few days ago. But either way, now I have found you're thread, subscribing and I just have some questions, just too confirm this method. Simple system it is, and almost too simple so I want to make sure I understand it properly.

Pretty straight forward, When price broke below the H1 high we Sell at 111.732 today and if price makes its way to 111.313 then bouncs through 111.350 we buy until of course 24:00 hours?
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Learn, a forex trader must, unlearn and relearn he will.
Quoting COGSx86
{quote} Good day, I know previously in the USDJPY thread you posted your charts, and I asked what your charts are based on. I wish you shared you're thread, I didnt realize you shared you're system, until just a few days ago. But either way, now I have found you're thread, subscribing and I just have some questions, just too confirm this method. Simple system it is, and almost too simple so I want to make sure I understand it properly. Pretty straight forward, When price broke below the H1 high we Sell at 111.732 today and if price makes its way...
Welcome to the thread.

Looks like you'd be in a breakout candle on the Short move (Rule #1).

Also, the above aside, it's not an ideal example, as price didn't revisit the Area of Interest but dropped straight away.

The question of the potential Long entry is correct.
Quoting bkproteus
Is there any Indicator/ea scanning all pairs for automatic alerting when we are in the zone? Or you guys have to look at the chart all day?
i look at the chart all day or better every hour once AND only for low spread pairs. all in all about 9 pairs.
trading is like dancing, don't think and just listen to the music!
Quoting bkproteus
Is there any Indicator/ea scanning all pairs for automatic alerting when we are in the zone? Or you guys have to look at the chart all day?
Yes there is. Can't be shared here though.

You could search for one that alerted to a new H/L, that would be an easy enough compromise.
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Here's a HOLO trade I am in on the EU, also have it going as a 123. Had the same pair on a nice run yesterday.
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting lemercenaire
{quote} Welcome to the thread. Looks like you'd be in a breakout candle on the Short move (Rule #1). Also, the above aside, it's not an ideal example, as price didn't revisit the Area of Interest but dropped straight away. The question of the potential Long entry is correct.

Hi,
Just want to clarify, it is not an ideal example, but i don't think it is stated in the rule that we can take that trade, right ?
I read the pdf, the explanation thread, and some pic explaining the trade, sometimes i'm confused because the trade did not revisited Area of Interest.

Please help giving some explanation here.

Thanks
May the odds be ever in your favor
It's a bit late in the day but EJ is setting up for a possible drop, assuming something doesn't stick a firecracker under it and drive it higher.
Quoting HanHanid
{quote} Hi, Just want to clarify, it is not an ideal example, but i don't think it is stated in the rule that we can take that trade, right ? I read the pdf, the explanation thread, and some pic explaining the trade, sometimes i'm confused because the trade did not revisited Area of Interest. Please help giving some explanation here. Thanks
Yes, when price drops straight away like that in the candle that forms the new Higher / Lower Open Level, it can be a question of experience bringing a discretionary entry. However, strictly speaking, we are looking for price to go up into The Area of Interest in a clean and clear move.

If in doubt, stay out.
Quoting lemercenaire
{quote} Yes, when price drops straight away like that in the candle that forms the new Higher / Lower Open Level, it can be a question of experience bringing a discretionary entry. However, strictly speaking, we are looking for price to go up into The Area of Interest in a clean and clear move. If in doubt, stay out.
Tq lemercenaire

You clear the doubts in my understanding. now it is crystal clear
May the odds be ever in your favor
Sorry if this have been answered, when you mean 1 trade per bar, can I have multiple trade if it fulfil all the condition again or strictly 1 trade at a time. If the area of interest is only a few pips difference, do you still go in the trade? What is the minimum pips for the area of interest?
Quoting HanHanid
{quote} Tq lemercenaire You clear the doubts in my understanding. now it is crystal clear
No worries. Glad to help clear things up.
Quoting chuasai
Sorry if this have been answered, when you mean 1 trade per bar, can I have multiple trade if it fulfil all the condition again or strictly 1 trade at a time. If the area of interest is only a few pips difference, do you still go in the trade? What is the minimum pips for the area of interest?
Usually you'd be looking at one trade per say, your 15-min entry bar., not going in again-and-again every time if price was to bounce up and down across our entry level.

If the Area of Interest is only a couple of pips deep, that can be telling you something you should perhaps pay attention to.

Is price still pushing hard? Are you standing in front of a freight train?

If you decide you still want to go in, then simply look left for a substitute level to base your sl decision on.
Quoting lemercenaire
{quote} Usually you'd be looking at one trade per say, your 15-min entry bar., not going in again-and-again every time if price was to bounce up and down across our entry level. If the Area of Interest is only a couple of pips deep, that can be telling you something you should perhaps pay attention to. Is price still pushing hard? Are you standing in front of a freight train? If you decide you still want to go in, then simply look left for a substitute level to base your sl decision on.
Thanks a lot. Am I right to not trade if the price cross the yesterday high/low ?
Quoting chuasai
{quote} Thanks a lot. Am I right to not trade if the price cross the yesterday high/low ?
Strictly by the rules, no, you should stay out. However, as you gain experience, that can be one of the rules that can be bent.
Quoting lemercenaire
{quote} Strictly by the rules, no, you should stay out. However, as you gain experience, that can be one of the rules that can be bent.
Do you wait for m15 candle to close above the higher open/lower open then putting a sell stop/buy stop on the next candle at the higher open/lower open?
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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