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As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

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Highest Open / Lowest Open Trade

  • #13,701
  • Dec 17, 2018 6:51am Dec 17, 2018 6:51am
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Along with GA and EJ
  • #13,702
  • Dec 17, 2018 8:00am Dec 17, 2018 8:00am
Quoting amirr1361
{quote} Thank you for response. #1 was a new H1 High, I tough we shouldn't enter the trade on first H1 break out.
You are absolutely correct. I hadn't noticed that. Especially as a newcomer, you should pay attention.

The correct answer is then #2.

So you see, you knew the answer to your question after all.

Take ownership of your trades, have confidence in your decisions. You shouldn't need any of us here to validate your trade entries.

You will find that if you do this and build your self confidence, your trading will improve exponentially.

Have your checklist posted above your screens and if all the boxes and stages are ticked off, then you will make the correct decision, with no hand-holding required.

Keep up the good work!
  • #13,703
  • Dec 18, 2018 4:08am Dec 18, 2018 4:08am
Second trade. BE+1
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  • #13,704
  • Edited 6:52am Dec 18, 2018 4:46am | Edited 6:52am
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  • #13,705
  • Dec 18, 2018 1:06pm Dec 18, 2018 1:06pm
Quoting amirr1361
{image} {image} {image}
Good stuff.

On your fourth trade, always be aware that although ranging suits HOLO very well - in fact it thrives in such conditions, there can be ranges that are just a bit too small. You live and learn.

Also, if you get a long bar that pushes into a zone, it can pay to be cautious, as price has a tendency to retrace to around the long bar's 50% before then turning back against you.

Again, however, this is not in any ''rule'' but comes from experience. Keep going - you are well on your way here. Well done.
  • #13,706
  • Dec 18, 2018 3:25pm Dec 18, 2018 3:25pm
Quoting amirr1361
{image} {image} {image}
4th trade. Beware of trading toward the daily open from close range. The price stopped and reversed off the daily open.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,707
  • Dec 18, 2018 3:33pm Dec 18, 2018 3:33pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,708
  • Dec 19, 2018 5:12am Dec 19, 2018 5:12am
Thank you lemercenaire and TooSlow, please let me know you thought about this trades too.

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  • #13,709
  • Dec 19, 2018 6:44am Dec 19, 2018 6:44am
Quoting amirr1361
Thank you lemercenaire and TooSlow, please let me know you thought about this trades too. {image}{image}{image}{image}
Nothing wrong with those particularly, other than as I said previously, some of the ranges are very tight for my liking.

Also, I personally am not trading anything much at all at this time of year. You should bear in mind that the results you are getting (good or bad) will not necessarily carry over in the same way once the markets get back up to full speed in the New Year.

Having said that, if you can pull something out of these trading conditions, especially on anything tied to GBP, then well done you .
  • #13,710
  • Dec 21, 2018 11:59am Dec 21, 2018 11:59am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,711
  • Dec 22, 2018 11:25pm Dec 22, 2018 11:25pm
Who is taking the 10 trade challenge the week of DECEMBER 23, 2018?

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
  • #13,712
  • Dec 23, 2018 4:03pm Dec 23, 2018 4:03pm
Amirr1361 & Lem

post #19 by Tooslow says you can enter on the H1 bar that makes the HO ,

I'm only a newbie myself so some clarification of whether the rules got updated since then would help me

kind regards
Paul
  • #13,713
  • Dec 24, 2018 1:26am Dec 24, 2018 1:26am
Quoting TooSlow
Who is taking the 10 trade challenge the week of DECEMBER 23, 2018? 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!
Too thin liquidity and too high spread for my taste. Better next year. Merry Christmas in the meantime!
Fix up, trade sharp ...
  • #13,714
  • Dec 24, 2018 12:43pm Dec 24, 2018 12:43pm
Quoting Pradge
Amirr1361 & Lem post #19 by Tooslow says you can enter on the H1 bar that makes the HO , I'm only a newbie myself so some clarification of whether the rules got updated since then would help me kind regards Paul
Yes, that's right.

If you are wondering about not entering on a breakout bar, then remember, the last new Highest / Lowest Open doesn't need to be in a bar that makes a new extreme.
  • #13,715
  • Dec 24, 2018 12:44pm Dec 24, 2018 12:44pm
Have a brilliant Christmas guys and gals - enjoy the break and I will see you all back here fresh next year.
  • #13,716
  • Dec 24, 2018 1:04pm Dec 24, 2018 1:04pm
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MERRY CHRISTMAS - Green pips to all
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,717
  • Dec 26, 2018 1:09pm Dec 26, 2018 1:09pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,718
  • Dec 29, 2018 9:51pm Dec 29, 2018 9:51pm
Who is taking the 10 trade challenge the week of DECEMBER 30, 2018?

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
  • #13,719
  • Jan 5, 2019 12:19pm Jan 5, 2019 12:19pm
Who is taking the 10 trade challenge the week of JANUARY 6, 2019?

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
  • #13,720
  • Jan 6, 2019 10:51pm Jan 6, 2019 10:51pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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