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Highest Open / Lowest Open Trade

  • #13,741
  • Jan 15, 2019 6:12am Jan 15, 2019 6:12am
[quote=will.cyan259;11884827]{quote} Thank you. Simple answer make me learn a lot. I was in wrong process for long time.[/quote]
Not a problem, simple is best . Happy to help.

Having said that, there is one variant you can use if you are trading from, for instance, the Southern Hemisphere. That is if you want to trade the same time slots as TooSlow and others in the US or those of us here in the UK + Europe and that is to open a demo account with a broker in our time zone and then chart from there so you know you are seeing the same thing as the person you are perhaps following but place your trades on your own truly local broker.

I do know that this isn't as easy as it used to be due to the US laws for traders.
  • #13,742
  • Jan 15, 2019 4:55pm Jan 15, 2019 4:55pm
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A trader asked about the Rat Zone during the Asian market. My reply was that you have to wait for price expansion. The same is true for HOLO and 1-2-3. These are reversal trades. We are waiting for and anticipating price reversing off of the current daily high and/or current daily low and moving back towards the daily open.

Which is the exact opposite of the Buy Zone where we are anticipating price to hit a range which is the distance between high and low. The trade is away from the daily open which occurs during the Asian ( Australian/New Zealand ) market.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,743
  • Jan 16, 2019 2:24pm Jan 16, 2019 2:24pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,744
  • Jan 16, 2019 10:11pm Jan 16, 2019 10:11pm
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2 * 5 = 10
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,745
  • Jan 16, 2019 10:19pm Jan 16, 2019 10:19pm
Quoting TooSlow
{image} 2 * 5 = 10
I notice this is a M5 chart and you have M5 on the rules posted on the indi, but typically post M15 charts. Which do you typically trade? I understand that price is price and the only difference is the number of opportunities you have to enter.
  • #13,746
  • Jan 16, 2019 10:29pm Jan 16, 2019 10:29pm
Quoting TooSlow
{image} 2 * 5 = 10
Any options add some hi/low fibo to filter better entry ?
velolthomas@gmail
  • #13,747
  • Jan 17, 2019 12:50am Jan 17, 2019 12:50am
Quoting bojack34
{quote} I notice this is a M5 chart and you have M5 on the rules posted on the indi, but typically post M15 charts. Which do you typically trade? I understand that price is price and the only difference is the number of opportunities you have to enter.
The buttons make it easy to change charts. I post M15 mostly so new traders will wait.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,748
  • Jan 17, 2019 2:19am Jan 17, 2019 2:19am
Quoting TooSlow
{quote} The buttons make it easy to change charts. I post M15 mostly so new traders will wait.
I wasn稚 talking about the buttons. I was referring to rule number three. You say to use M5 but you always post M15. I was just wondering which you personally use and which you recommend for higher success rate. I understand that using M5 gives you more entry opportunities.
  • #13,749
  • Jan 17, 2019 2:46am Jan 17, 2019 2:46am
Quoting bojack34
{quote} I wasn稚 talking about the buttons. I was referring to rule number three. You say to use M5 but you always post M15. I was just wondering which you personally use and which you recommend for higher success rate. I understand that using M5 gives you more entry opportunities.
The focus is on price. M5 or M15 or H1. No difference.

The H1 open is the exact same. I look at all the charts... W1, D1, H4... Remember H4 freight trains!! Would you want to reverse against price breaking out of last week's high or low?

H4 only has 6 opens a day. Just get 1 out of 6 right and pips will accumulate.

Your success rate depends more on you than the chart period.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,750
  • Jan 17, 2019 2:48am Jan 17, 2019 2:48am
Quoting Velol
{quote} Any options add some hi/low fibo to filter better entry ?
You have not read this thread, have you?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,751
  • Jan 17, 2019 5:12pm Jan 17, 2019 5:12pm
Quoting TooSlow
{quote} The focus is on price. M5 or M15 or H1. No difference. The H1 open is the exact same. I look at all the charts... W1, D1, H4... Remember H4 freight trains!! Would you want to reverse against price breaking out of last week's high or low? H4 only has 6 opens a day. Just get 1 out of 6 right and pips will accumulate. Your success rate depends more on you than the chart period.
Ty for your reply, very helpful. One more question. I too live in the us. Which us broker do you recommend? I知 having difficulty figuring which of the three us brokers to trust. I知 currently using fox choice because they accept us customers but I知 not sure if in the long run they can be fully trusted.
  • #13,752
  • Jan 18, 2019 1:30pm Jan 18, 2019 1:30pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,753
  • Jan 18, 2019 1:32pm Jan 18, 2019 1:32pm
Quoting bojack34
{quote} Ty for your reply, very helpful. One more question. I too live in the us. Which us broker do you recommend? I知 having difficulty figuring which of the three us brokers to trust. I知 currently using fox choice because they accept us customers but I知 not sure if in the long run they can be fully trusted.
Find a broker that suits your needs. Rather not make broker recommendations.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,754
  • Jan 18, 2019 2:43pm Jan 18, 2019 2:43pm
Quoting TooSlow
{quote} Find a broker that suits your needs. Rather not make broker recommendations.
No problem ty
  • #13,755
  • Jan 23, 2019 4:01am Jan 23, 2019 4:01am
Hi Too Slow, is there a minimum width for the distance between highest (lowest) H1 Open and the daily High (Low) ?

In other words, if the area of interest is very small, do we take the trade anyway?

Thank you!
  • #13,756
  • Jan 23, 2019 7:06am Jan 23, 2019 7:06am
Quoting Alberto_Jazz
Hi Too Slow, is there a minimum width for the distance between highest (lowest) H1 Open and the daily High (Low) ? In other words, if the area of interest is very small, do we take the trade anyway? Thank you!
No minimum. Whether or not you take the trade is entirely your decision.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,757
  • Jan 23, 2019 12:25pm Jan 23, 2019 12:25pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,758
  • Jan 25, 2019 7:09am Jan 25, 2019 7:09am
Hello TooSlow, I have read your posts and I could not understand rule #1)

May you please clarify about what does "No entry on H1, M15, or M5 Breakout Bars" mean?
  • #13,759
  • Jan 25, 2019 11:02am Jan 25, 2019 11:02am
Quoting JohnLee97
Hello TooSlow, I have read your posts and I could not understand rule #1) May you please clarify about what does "No entry on H1, M15, or M5 Breakout Bars" mean?
A bar making a new daily high or low is a breakout bar.

So if H1 makes a new daily high or low, you wait for the bar to close.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,760
  • Jan 27, 2019 1:48am Jan 27, 2019 1:48am
Hello TooSlow and All !

Would that have been a correct entry?

And going by the rules this one would have been the only one on this day?
(Besides the one at the end of the session ...)

Thank you
Tom
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