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Highest Open / Lowest Open Trade

  • #13,481
  • Sep 5, 2018 10:49am Sep 5, 2018 10:49am
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?
  • #13,482
  • Sep 5, 2018 11:56am Sep 5, 2018 11:56am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,483
  • Sep 5, 2018 11:57am Sep 5, 2018 11:57am
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
  • #13,484
  • Sep 5, 2018 1:50pm Sep 5, 2018 1:50pm
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.
  • #13,485
  • Sep 5, 2018 2:16pm Sep 5, 2018 2:16pm
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.
  • #13,486
  • Sep 6, 2018 2:03am Sep 6, 2018 2:03am
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!
  • #13,487
  • Sep 6, 2018 2:59am Sep 6, 2018 2:59am
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.
  • #13,488
  • Sep 6, 2018 3:49am Sep 6, 2018 3:49am
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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.
  • #13,489
  • Sep 7, 2018 11:10am Sep 7, 2018 11:10am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,490
  • Sep 10, 2018 6:52am Sep 10, 2018 6:52am
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
  • #13,491
  • Sep 10, 2018 12:50pm Sep 10, 2018 12:50pm
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.
  • #13,492
  • Sep 10, 2018 12:53pm Sep 10, 2018 12:53pm
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.
  • #13,493
  • Sep 10, 2018 8:38pm Sep 10, 2018 8:38pm
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
  • #13,494
  • Edited 10:59pm Sep 10, 2018 10:03pm | Edited 10:59pm
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?
  • #13,495
  • Sep 11, 2018 2:43am Sep 11, 2018 2:43am
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.
  • #13,496
  • Sep 11, 2018 2:47am Sep 11, 2018 2:47am
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.
  • #13,497
  • Edited 3:21am Sep 11, 2018 3:07am | Edited 3:21am
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 ?
  • #13,498
  • Sep 11, 2018 3:24am Sep 11, 2018 3:24am
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.
  • #13,499
  • Sep 11, 2018 7:44am Sep 11, 2018 7:44am
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?
  • #13,500
  • Sep 11, 2018 12:35pm Sep 11, 2018 12:35pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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