Highest Open / Lowest Open Trade | Page 699 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Highest & Lowest Open/Close Price for a Loop 3 replies

I need to highest and lowest SMA 14 replies

how to get yesterday price highest and lowest 7 replies

highest to lowest volume pairs??? 3 replies

Attachments: Highest Open / Lowest Open Trade
Exit Attachments

Highest Open / Lowest Open Trade

  • #13,961
  • Apr 6, 2019 2:52pm Apr 6, 2019 2:52pm
Quoting lemercenaire
{quote} . I think all you need to do is note the pair and time that TS uses and posts every single day, to have that question answered. He has done the legwork on this for you, I'd think it would be wise to take advantage of that. I know I do.
Thanks Lem, I totally get it to pay attention to the UJ for the second entry typically during the North American morning but occasionally slipping into the pm. No need to reinvent the wheel here and heavy thanks to TS for all he has done.

Additionally, I sort of/kind of think I could harvest a few pips in the early hours of daily trading on the UJ or something like the AJ which cooks a little hotter that time of the evening.

Thanks for your thoughts!
  • #13,962
  • Apr 6, 2019 5:50pm Apr 6, 2019 5:50pm
Quoting Forest-Sea
{quote} Thanks Lem, I totally get it to pay attention to the UJ for the second entry typically during the North American morning but occasionally slipping into the pm. No need to reinvent the wheel here and heavy thanks to TS for all he has done. Additionally, I sort of/kind of think I could harvest a few pips in the early hours of daily trading on the UJ or something like the AJ which cooks a little hotter that time of the evening. Thanks for your thoughts!
I'd say AJ or even AU may be worth a look.
  • #13,963
  • Apr 7, 2019 1:16am Apr 7, 2019 1:16am
Quoting TooSlow
{image}

How do you know that on the current day the first candle will be the highest or lowest point?

Or just only you think that:
If we have a first candle on curren day and price goes above first candle and after goes below first candle then this candle will be highest point on current day? And thisafter price goes down.

Are u thinking in this way? Evetually u think the price does make a false breakout?

Thx for your response
  • #13,964
  • Apr 7, 2019 2:39am Apr 7, 2019 2:39am
Quoting Tylerz
{quote} How do you know that on the current day the first candle will be the highest or lowest point? Or just only you think that: If we have a first candle on curren day and price goes above first candle and after goes below first candle then this candle will be highest point on current day? And thisafter price goes down. Are u thinking in this way? Evetually u think the price does make a false breakout? Thx for your response
This has been asked and answered many times.

Nobody knows if the first candle of the day will print the day's high or low, of course not. However, think about it. Any extreme made at that time of the day (midnight/01:00) is out of hours and if nothing else, spreads will be increased and let's face it, most will be in the land of nod.

This is admittedly complicated if you are trading charts from a broker in another time zone but if you are placing the trades with a local broker, then it will still apply.

So, yes, you can play it as soon as you see it but you're playing with fire.

If you are going to try it, then at the very least you should be taking your chosen pair back in time and seeing how it behaves around the day's open (00:00 NOT session open).

If you can, run frequency distribution numbers over the days' candles to get an idea of the statistical likelihood of each hourly candle making (and holding) the day's high or low.
  • #13,965
  • Apr 7, 2019 3:55am Apr 7, 2019 3:55am
Quoting lemercenaire
{quote} This has been asked and answered many times. Nobody knows if the first candle of the day will print the day's high or low, of course not. However, think about it. Any extreme made at that time of the day (midnight/01:00) is out of hours and if nothing else, spreads will be increased and let's face it, most will be in the land of nod. This is admittedly complicated if you are trading charts from a broker in another time zone but if you are placing the trades with a local broker, then it will still apply. So, yes, you can play it as soon as...
Thanks
Now i have read again till 11 page and i confused totally.

So

1. I make a line on the yesterdays low if the current day first candle higher then yesterdays low. And when the price goes through and come back on the current day h1 highest and yesterdays lowest then do i enytry ?
Sorry but this is not easy to understand....
  • #13,966
  • Apr 7, 2019 4:54am Apr 7, 2019 4:54am
Quoting MichaelG
Hi All, I wanted to try to help explain the entry process in a "visual" fashion that may (or may not) be of assistance to some traders. This is a series of charts looking at each step in the process of identifying possible setups, identifying actual valid setups, and activating the trade. There are notations on each chart....starting with the H1....and ending at the M15. I am specifically looking at a SELL trade in this example. The EXACT REVERSE will be true for a BUY trade. I trust this will be of assistance. Regards Michael {image} In the above...

Ahhh i understand all compmettely.

I read again
  • #13,967
  • Apr 7, 2019 5:17am Apr 7, 2019 5:17am
Quoting MichaelG
Hi All, I wanted to try to help explain the entry process in a "visual" fashion that may (or may not) be of assistance to some traders. This is a series of charts looking at each step in the process of identifying possible setups, identifying actual valid setups, and activating the trade. There are notations on each chart....starting with the H1....and ending at the M15. I am specifically looking at a SELL trade in this example. The EXACT REVERSE will be true for a BUY trade. I trust this will be of assistance. Regards Michael {image} In the above...
This is a badass post, everybody must read it before even try start to trade
  • #13,968
  • Apr 7, 2019 7:26am Apr 7, 2019 7:26am
Quoting Arturke
{quote} This is a badass post, everybody must read it before even try start to trade
Some post totaly opposite for the first opening post.
And lots of english grammar problem.

Which candle do you think for the the first candle? I think first h1 candle is 01:00 but the entrys in "too slow"s posts are about 8 am .

Which candle is THE FIRST the on H1 ON CURRENT DAY ACCORDING your opinion and your rules?
  • #13,969
  • Edited 7:40am Apr 7, 2019 7:30am | Edited 7:40am
Quoting Tylerz
{quote} Some post totaly opposite for the first opening post. And lots of english grammar problem. Which candle do you think for the the first candle? I think first h1 candle is 01:00 but the entrys in "too slow"s posts are about 8 am . Which candle is THE FIRST the on H1 ON CURRENT DAY ACCORDING your opinion and your rules?
Well everything is mentioned in previous post all rules which is which candle should entry. Study hard u'll get it eventually.

This also will be very usefull:
Quoting Bahaalden
Hello Everyone, The updated PDF with all George's posts is attached. Bahaalden {image}
  • #13,970
  • Apr 8, 2019 12:52am Apr 8, 2019 12:52am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 66 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,971
  • Apr 8, 2019 12:54am Apr 8, 2019 12:54am
Quoting Forest-Sea
Hi Too Slow and HOLO followers. First, yes, I have read post 1 a couple of times as well as numerous of the more recent pages in the upper 600s. I most like the reality that successful trades will present themselves at least twice a day at the true/final H1 H and L. Like you, TS, I live in the US making H1 H or L around early London trading awkward. To partially address this I have been observing the Asia session hours for select (open) pairs which often present a H or L for the day, although it may be temporary as the final H or L will print until...
Only trade when it makes sense to you to trade.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,972
  • Apr 8, 2019 12:56am Apr 8, 2019 12:56am
Quoting Tylerz
{quote} How do you know that on the current day the first candle will be the highest or lowest point? Or just only you think that: If we have a first candle on curren day and price goes above first candle and after goes below first candle then this candle will be highest point on current day? And thisafter price goes down. Are u thinking in this way? Evetually u think the price does make a false breakout? Thx for your response
There has been no claim to know when the daily high or daily low will happen. Go directly to Post #1, do not pass GO or collect $200.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,973
  • Apr 8, 2019 12:59am Apr 8, 2019 12:59am
Quoting Tylerz
{quote} Some post totaly opposite for the first opening post. And lots of english grammar problem. Which candle do you think for the the first candle? I think first h1 candle is 01:00 but the entrys in "too slow"s posts are about 8 am . Which candle is THE FIRST the on H1 ON CURRENT DAY ACCORDING your opinion and your rules?
Download the template and the indicator. Then follow the instructions on the chart. Everything you need is there.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,974
  • Edited 6:39am Apr 8, 2019 4:31am | Edited 6:39am
Hi Tooslow,

I had a look at this forum and find it very interesting. Subscribed this morning and read through a few posts to see if I understand this. Please have a look at my screenshot. According to what I understand, when price goes below 'lowest open current day' and comes back, I buy. When price crosses 'highest open current day' and comes back, I sell? Please let me know if I understand this correctly, thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #13,975
  • Apr 8, 2019 10:42am Apr 8, 2019 10:42am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 65 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,976
  • Apr 8, 2019 10:44am Apr 8, 2019 10:44am
Quoting Willer
Hi Tooslow, I had a look at this forum and find it very interesting. Subscribed this morning and read through a few posts to see if I understand this. Please have a look at my screenshot. According to what I understand, when price goes below 'lowest open current day' and comes back, I buy. When price crosses 'highest open current day' and comes back, I sell? Please let me know if I understand this correctly, thanks. {image}
Please read Post #1.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,977
  • Apr 8, 2019 11:01am Apr 8, 2019 11:01am
Quoting TooSlow
{quote} There has been no claim to know when the daily high or daily low will happen. Go directly to Post #1, do not pass GO or collect $200.

Soorry maybe i am complettely stupid (i am ppracticing the trading 2 years ago) but i dont underytand the first post.
  • #13,978
  • Apr 8, 2019 11:37am Apr 8, 2019 11:37am
Quoting Tylerz
{quote} Soorry maybe i am complettely stupid (i am ppracticing the trading 2 years ago) but i dont underytand the first post.
As there is a potential non-native English speaker issue here, I will do this once...and once only.

''HIGHEST OPEN / LOWEST OPEN TRADE

[1] Place a line at the highest H1 open and lowest H1 open for the current day.

[2] Sell short at the highest H1 open after price goes up through it and comes back down.

[3] Buy at the lowest H1 open after price goes down through it and comes back up.''



Detail on entries:

For [2] drop to the 15 min chart and wait until a candle opens in the area between the Day's High and the new Highest H1 Open. Then enter as price crosses back down over the H1 Open level.

For [3] drop to the 15 min chart and wait until a candle opens in the area between the Day's Low and the new Lowest H1 Open. Then enter as price crosses back up over the H1 Open level.


For graphic examples, see MichaelG's enclosed PDF.

Download, install and use the provided indicator and template.

That's it folks. That's all she wrote.
  • #13,979
  • Apr 10, 2019 3:28am Apr 10, 2019 3:28am
A handful of possibles to keep an eye on but the one that jumped out was this from AN. However for one thing, I missed the entry and two, the spread is borderline Idiotsville.

Anyway, for now, just for the record...

AUDNZD H1 Overview.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDaustdH1asHOLOoptionoverview10thapril19.png Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDaustdM5missedtheentry10thapril19.png Size: 37 KB
  • #13,980
  • Apr 10, 2019 3:55am Apr 10, 2019 3:55am
Quoting lemercenaire
A handful of possibles to keep an eye on but the one that jumped out was this from AN. However for one thing, I missed the entry and two, the spread is borderline Idiotsville. Anyway, for now, just for the record... AUDNZD H1 Overview. {image} {image}
Bored waiting for other stuff to happen, so ended up going in, despite the idiotic spread.

First entry was too early but I managed to get a second, much better second entry on top. I was using a fib overlay to help with these entries, so not exactly at the H1 level (don't tell TS ).

AUDNZD

In Double-Dip

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDaustdM5secondentryHOLO10thapril19.png Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDaustdM5offwegoHOLO10thapril19.png Size: 43 KB


I bailed and bagged as price reached the 50-level.

Out +2 +4

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDaustdM5outat50level10thapril19HOLOdoubledip+2+4.png Size: 42 KB


Not too bad for a bit of a giggle.
19 traders viewing now