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Highest Open / Lowest Open Trade

  • #14,021
  • Apr 25, 2019 4:59am Apr 25, 2019 4:59am
how about indicator for change PAIR and TIMEFRAME in a chart ?
anyone can share it ?
  • #14,022
  • Apr 25, 2019 7:27am Apr 25, 2019 7:27am
i take this SELL trade on EURAUD from my understanding about system.
please tell me if it's wrong or not ?
plan to take the challenge 10 trades a week!!
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 113 KB
  • #14,023
  • Apr 25, 2019 8:35am Apr 25, 2019 8:35am
Quoting hbm
how about indicator for change PAIR and TIMEFRAME in a chart ? anyone can share it ?
https://www.forexfactory.com/showthread.php?t=519747
  • #14,024
  • Apr 25, 2019 9:02am Apr 25, 2019 9:02am
Quoting hbm
i take this SELL trade on EURAUD from my understanding about system. please tell me if it's wrong or not ? plan to take the challenge 10 trades a week!! {image}
Better question is DID YOU FOLLOW THE RULES?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,025
  • Apr 25, 2019 10:10am Apr 25, 2019 10:10am
Quoting TooSlow
{quote} Better question is DID YOU FOLLOW THE RULES?
Yes, i open that trade from reading the rule.
but i dont know its right like the RULE or not.
because my english is BAD.
so i need your help to check and proof my trade.
if it's wrong, please get advice to the right way.
  • #14,026
  • Apr 25, 2019 11:25am Apr 25, 2019 11:25am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,027
  • Apr 25, 2019 11:26am Apr 25, 2019 11:26am
Quoting hbm
{quote} Yes, i open that trade from reading the rule. but i dont know its right like the RULE or not. because my english is BAD. so i need your help to check and proof my trade. if it's wrong, please get advice to the right way.
Did the trade end in profit?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,028
  • Apr 25, 2019 11:39am Apr 25, 2019 11:39am
Quoting TooSlow
{quote} Did the trade end in profit?
Also, why not in here?

Attached Image (click to enlarge)
Click to Enlarge Name: Inkedwhy not in here_LI.jpg Size: 461 KB
  • #14,029
  • Apr 25, 2019 6:43pm Apr 25, 2019 6:43pm
Quoting TooSlow
{quote} Did the trade end in profit?
Yes, thats Hit TP now.
are my entry is right ?
  • #14,030
  • Apr 25, 2019 6:45pm Apr 25, 2019 6:45pm
i miss that oppurtunity,,,
i new in this treadh, and I'm serious to study this system.
need advice from PRO. if i wrong, please tell me thx.,
  • #14,031
  • Edited 11:54pm Apr 26, 2019 10:35pm | Edited 11:54pm
Quoting hbm
i miss that oppurtunity,,, i new in this treadh, and I'm serious to study this system. need advice from PRO. if i wrong, please tell me thx.,

Hi hbm and welcome to the thread. I pop in from time to time, and noticed you may have some problems.

I also see you are from Indonesia, so English is not you first language, so I will try to say this simply

If you look at my chart below, I will take you through it step by step.....Okay.

Attached Image (click to enlarge)
Click to Enlarge Name: hbm.jpg Size: 202 KB


If you look at the H1 chart first.....
As you know, we have an "area of interest" between TODAYS HIGH.....and.....TODAYS HIGHEST H1 OPEN.

Because we have a clear HIGH for today, we can move to the M15 chart, and WAIT for an M15 candle to OPEN in our "area of interest".

As you can see, candle A, B, C, D and E.......ALL opened in our "area of interest". So you could have placed a trade on any of those candles. They were ALL valid trades.

On YOUR chart, it looks like you placed a trade on candle Z.

That candle had an OPEN, below TODAYS HIGHEST H1 OPEN price.....and therefore, was OUTSIDE of the "area of interest.......therefore was not a Valid trade.

I hope that helps you to understand. Please let me know if it is not clear.
Cheers
Michael

EDIT: If you traded TooSlows other method (1-2-3) there would have been a number of profitable entries available with that method as well.
  • #14,032
  • Apr 27, 2019 7:12am Apr 27, 2019 7:12am
Quoting MichaelG
{quote} Hi hbm and welcome to the thread. I pop in from time to time, and noticed you may have some problems. I also see you are from Indonesia, so English is not you first language, so I will try to say this simply If you look at my chart below, I will take you through it step by step.....Okay. {image} If you look at the H1 chart first..... As you know, we have an "area of interest" between TODAYS HIGH.....and.....TODAYS HIGHEST H1 OPEN. Because we have a clear HIGH for today, we can move to the M15 chart, and WAIT for an M15 candle to...
Oh thank you very much...
your explanation very incredible.
im understand now.
i have make a mistake, that Z open not clear in area of interest.
so i must only take position if bar open in area of interest.
will try again in monday.
hope you may advice my way

PS: sorry for my english is so BAD.
  • #14,033
  • Edited 4:24pm Apr 27, 2019 4:12pm | Edited 4:24pm
Quoting hbm
{quote} Oh thank you very much... your explanation very incredible. im understand now. i have make a mistake, that Z open not clear in area of interest. so i must only take position if bar open in area of interest. will try again in monday. hope you may advice my way PS: sorry for my english is so BAD.
Hi hbm:

Yes you got it . The price has to OPEN in the zone of interest. BUT that is only a SIGNAL to WAIT.
So You need to Wait and only OPEN a position when price crosses the LEVEL of INTEREST..

In the example that Micheal provided, once price OPENS in the ZONE of INTEREST, you then WAIT for PRICE to fall and cross the HIGHEST OPEN level.
Then at that point you open your position.

If you already understood this then GREAT but just want to make sure you did not think that you open positions at the moment
that PRICE OPENED in the ZONE of INTEREST.

Your statement:
" so i must only take position if bar open in area of interest."
Seemed to indicate that you would open a position at that moment when price opened in the ZONE of INTEREST


PEACE
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #14,034
  • Apr 28, 2019 12:05am Apr 28, 2019 12:05am
Quoting xmess7
{quote} Hi hbm: Yes you got it . The price has to OPEN in the zone of interest. BUT that is only a SIGNAL to WAIT. So You need to Wait and only OPEN a position when price crosses the LEVEL of INTEREST.. In the example that Micheal provided, once price OPENS in the ZONE of INTEREST, you then WAIT for PRICE to fall and cross the HIGHEST OPEN level. Then at that point you open your position. If you already understood this then GREAT but just want to make sure you did not think that you open positions at the moment that PRICE OPENED in the ZONE...
Many thanks Jess for finishing that off.

Not sure what I was thinking. It must have been getting close to "going to the pub" time.

A bit like giving someone the recipe for a nice cake....but not telling them how hot the oven should be....or how long to cook it for lol. Half a job

Thanks again Mate.
Cheers
Michael
  • #14,035
  • Edited 5:10am Apr 28, 2019 4:56am | Edited 5:10am
Quoting MichaelG
{quote} Hi hbm and welcome to the thread. I pop in from time to time, and noticed you may have some problems. I also see you are from Indonesia, so English is not you first language, so I will try to say this simply If you look at my chart below, I will take you through it step by step.....Okay. {image} If you look at the H1 chart first..... As you know, we have an "area of interest" between TODAYS HIGH.....and.....TODAYS HIGHEST H1 OPEN. Because we have a clear HIGH for today, we can move to the M15 chart, and WAIT for an M15 candle to...
Hi Michael, did you explain TooSlow the 1-2-3 method also? Is there a link? )
Maybe a comparison between these two methods...
  • #14,036
  • Apr 28, 2019 6:18am Apr 28, 2019 6:18am
Quoting xmess7
{quote} Hi hbm: Yes you got it . The price has to OPEN in the zone of interest. BUT that is only a SIGNAL to WAIT. So You need to Wait and only OPEN a position when price crosses the LEVEL of INTEREST.. In the example that Micheal provided, once price OPENS in the ZONE of INTEREST, you then WAIT for PRICE to fall and cross the HIGHEST OPEN level. Then at that point you open your position. If you already understood this then GREAT but just want to make sure you did not think that you open positions at the moment that PRICE OPENED in the ZONE...
yes. i think open trades when price cross the H1 high/low.
you can read my mind dude lol.
thanks for your more detailed advice.
you so humble, xmess

PS: with love
  • #14,037
  • Apr 28, 2019 6:20am Apr 28, 2019 6:20am
Quoting MichaelG
{quote} Many thanks Jess for finishing that off. Not sure what I was thinking. It must have been getting close to "going to the pub" time. A bit like giving someone the recipe for a nice cake....but not telling them how hot the oven should be....or how long to cook it for lol. Half a job Thanks again Mate. Cheers Michael
You both can become the greatest Chef while colloboration
many thanks for your advice.
its very valuable for my study journey...
  • #14,038
  • Edited 9:00am Apr 28, 2019 8:24am | Edited 9:00am
https://www.forexfactory.com/attachm...1&d=1316156230
PLEASE check if this 123 reversal pattern correct?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 159 KB
  • #14,039
  • Apr 28, 2019 8:43am Apr 28, 2019 8:43am
Quoting T4Trade
{image} PLEASE check if this 123 reversal pattern correct?
sorry, idont see a same with 1-2-3 method ?
  • #14,040
  • Apr 28, 2019 9:03am Apr 28, 2019 9:03am
Quoting hbm
how about indicator for change PAIR and TIMEFRAME in a chart ? anyone can share it ?
it seems you are a new member,i don't want to be rude,but please use search tab on upper right side of the forum page and you will find most of the indicators,these threads are for advance discussion of strategies.
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