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Highest Open / Lowest Open Trade

  • #14,081
  • May 10, 2019 2:23pm May 10, 2019 2:23pm
Quoting TooSlow
{image}
o my too slow you are too fast,idint notice that you trade on every chart for minute pips,i had to take microscope to spot the trades,very smart.i must read all your posts to learn
  • #14,082
  • May 12, 2019 9:21am May 12, 2019 9:21am
Can we use buy stops and sell stops to enter trades?
  • #14,083
  • Edited May 13, 2019 6:01am May 12, 2019 9:30am | Edited May 13, 2019 6:01am
Quoting kudafoolhu
Can we use buy stops and sell stops to enter trades?
You can. I'm using market orders.
Edit: entry orders
  • #14,084
  • May 13, 2019 8:15am May 13, 2019 8:15am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,085
  • May 14, 2019 1:14pm May 14, 2019 1:14pm
Nice start to my trading week; 25 pips, out a little earlier than the TP +30.
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Everything should be made as simple as possible, but no simpler - Einstein
  • #14,086
  • Edited 6:04pm May 16, 2019 5:43pm | Edited 6:04pm
please comment on this chart,it is a 15 min chart,after 1 hour of Asia open.
candle A has made new low and candle B has opened a lowest open,there is no entry since no candle opened in the area of interest.please correct me,i'm learning step by step.

SECOND SCREEN: which candle to trade?can we trade when PA has not crossed H1 higher or lower open line?but as the candle body opens in the area of interest,we trade?so we are not late by any pip?
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  • #14,087
  • May 17, 2019 2:09am May 17, 2019 2:09am
Quoting T4Trade
please comment on this chart,it is a 15 min chart,after 1 hour of Asia open. candle A has made new low and candle B has opened a lowest open,there is no entry since no candle opened in the area of interest.please correct me,i'm learning step by step. SECOND SCREEN: which candle to trade?can we trade when PA has not crossed H1 higher or lower open line?but as the candle body opens in the area of interest,we trade?so we are not late by any pip? {image} {image}
Hi T4Trade,

In the first screen the H1 candle you think will be the lowest open defines the area of interest (along with the highest or lowest of the day) The M15/M5/M1 or whatever candles are the triggers to a trade providing that they open within the area of interest and then move up or down through the highest/lowest open of the H1. I can't see a long trade in chart #1, the next H1 opens outside the area of interest and goes long - no M15 candles open in the area of interest. Personally I wouldn't trade chart #2 -too noisy, looks like an area of consolidation which I tend to find problematic. Others with more experience of this technique may trade it. Your next post marked "learning material" - I don't understand the question!

Practice, practice and patience - re read TooSlow's intro on page #1 and also Michael G's pdf file also on page #1. It is one of the best techniques on FF because it is so simple - just requires some brain power and some patience!

Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #14,088
  • May 17, 2019 2:57am May 17, 2019 2:57am
Quoting T4Trade
Dear traders,please tell me if candle A has made a new High,then this H1 higher open is printed,is this behaviour ok from the indicator or not?because I have always seen that a new candle following the candle make Hilo prints this line.is it ok to open trade on candle A? {image}
Hi T4Trade:

Allow me to help .

Yes that is knew high for that DAY. Look at all the highs of the H1 candles from the start of the day (the vertical dash line is the start of day).
Notice that price for candle A when much Higher than ALL of the H1 candle highs?? So then it is a new high for that DAY.

The other lines D[1] are Highs and Lows of the PREVIOUS day.

And no you do not open on trade. The simple rule is on any candle that broke a high of the day or yesterday, preferably do not trade.
TooSlow does, however, say to trade with caution but since u are learning I would avoid all those candles that make new highs/lows or break yesterday's hi/low. Wait for the next opportunity


Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #14,089
  • May 17, 2019 3:08am May 17, 2019 3:08am
Quoting T4Trade
please comment on this chart,it is a 15 min chart,after 1 hour of Asia open. candle A has made new low and candle B has opened a lowest open,there is no entry since no candle opened in the area of interest.please correct me,i'm learning step by step. SECOND SCREEN: which candle to trade?can we trade when PA has not crossed H1 higher or lower open line?but as the candle body opens in the area of interest,we trade?so we are not late by any pip? {image} {image}
On screen 1 you are correct.

On screen 2 this is the scenario:

After Candle A the HO was the open of that CANDLE. So when candle B appeared... yes its open was in the area of interest BUT it never fell low enough to cross the down below the HO of A. So no trade

Then when C appeared it was at the top of the HOUR so you wait for C to form completely.
After C forms now the highest open is that OPEN of C. And when Candle D appears it opens in the area of interest so you wait... your entry would of been in the next candle as it crossed down below the Open of D.

These are just the mechanics, you would need to decide when you want to trade. Typically later is better cause price has more formation.

Good Luck
J
Our AWESOME IMAGINATION is the true holy grail!
  • #14,090
  • May 17, 2019 3:50am May 17, 2019 3:50am
Quoting Davidh061
{quote} Hi T4Trade, In the first screen the H1 candle you think will be the lowest open defines the area of interest (along with the highest or lowest of the day) The M15/M5/M1 or whatever candles are the triggers to a trade providing that they open within the area of interest and then move up or down through the highest/lowest open of the H1. I can't see a long trade in chart #1, the next H1 opens outside the area of interest and goes long - no M15 candles open in the area of interest. Personally I wouldn't trade chart #2 -too noisy, looks like...
thanks a lot Dave,i appreciated.yes I read TS post 1 and MichaelG pdf,i read all diagrams and explanations by MG.
  • #14,091
  • May 17, 2019 4:24am May 17, 2019 4:24am
Quoting xmess7
{quote} On screen 1 you are correct. On screen 2 this is the scenario: After Candle A the HO was the open of that CANDLE. So when candle B appeared... yes its open was in the area of interest BUT it never fell low enough to cross the down below the HO of A. So no trade Then when C appeared it was at the top of the HOUR so you wait for C to form completely. After C forms now the highest open is that OPEN of C. And when Candle D appears it opens in the area of interest so you wait... your entry would of been in the next candle as it crossed down below...
thanks Xmess7,i think I will stick to 1H chart as a beginner.ver y good explanation,as David 61 said it requires patience and practice.so nice of you to have spent time to explain .
  • #14,092
  • May 17, 2019 4:37am May 17, 2019 4:37am
Quoting T4Trade
{quote} thanks Xmess7,i think I will stick to 1H chart as a beginner.ver y good explanation,as David 61 said it requires patience and practice.so nice of you to have spent time to explain .
You can't stick to the H1 chart, beginner or not.

You find the set-ups on the H1 but you need to drop to the 15-min or 5-min to find out if you have entries!
  • #14,093
  • May 17, 2019 5:53am May 17, 2019 5:53am
USD/JPY LONG +5 Pip
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  • #14,094
  • May 17, 2019 9:29am May 17, 2019 9:29am
Quoting T4Trade
please comment on this chart,it is a 15 min chart,after 1 hour of Asia open. candle A has made new low and candle B has opened a lowest open,there is no entry since no candle opened in the area of interest.please correct me,i'm learning step by step. SECOND SCREEN: which candle to trade?can we trade when PA has not crossed H1 higher or lower open line?but as the candle body opens in the area of interest,we trade?so we are not late by any pip? {image} {image}
To learn the method, use the indicators and templates provided. Failure to do so indicates your cup is full.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,095
  • May 19, 2019 9:59am May 19, 2019 9:59am
Quoting TooSlow
{quote} To learn the method, use the indicators and templates provided. Failure to do so indicates your cup is full.
TS you are so discouraging every time I post any thing, if you can't tolerate my posts, keep my id on ignore. I wish I could ignore you but it is against my principles and you are the main contributor of this thread and senior trader to me.

im using the indicator provided in this thread.there are so many templates,which template should I use? HUH

There are so many other kind and matured traders in this thread who will guide me, you don't answer me plz, i don't find it constructive. Your posts release bad energy in me.Thank you!

since im from medical background,i would like to share this little useful information.

Happiness is the Goal of everyone's life.Happiness is felt when 4 kinds of chemicals or hormones released in our body.

1.Dopamine: Getting Appreciation and giving Appreciation releases this hormones in them and as well as in us.
2.Serotonin: The power of giving, when we help anyone.
3.Endorphins:when we exercise,this hormone is released.
4.Oxytocin: Hugs spread kindness and generosity.
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  • #14,096
  • May 19, 2019 12:34pm May 19, 2019 12:34pm
Quoting T4Trade
{quote} TS you are so discouraging every time I post any thing, if you can't tolerate my posts, keep my id on ignore....
When a student fails to follow the guidance provided by the teacher, is the teacher to blame for the student's lack of success? I only discourage you from deviating from the lessons presented. Did you deviate from the teachings of your medical profession while you were learning? Did you use the tools they provided or use whatever you wanted to use?

READ POST #1

Use these tools: https://www.forexfactory.com/showthr...79#post8965079
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,097
  • May 19, 2019 1:00pm May 19, 2019 1:00pm
Post 1 doesn't have any template and any indicators,even the whole page doesn't have any indicators and templates,1st page has 20 posts,not even a single post carry any indicators or templates, i think you need to go and read that post properly,your post confused me in the first place ,then only I studied Michael G chart explantions and learnt from it, then finally Lem suggested me to begin searching the setup on 1H chart and when you find setup,go to 15 min chart for an entry.

i think you are running 2 threads and mixing the strategy or something,i don't want to comment on that.please avoid my posts.

the indicator and template you are suggesting is found in post 1915,and what is in my chart other than this very indicator?

I think you like to be bossy and don't attack me personally ,do not use YOU,I don't like that childish treatment.If you cant talk good, better pass and stay quiet.
  • #14,098
  • May 19, 2019 3:01pm May 19, 2019 3:01pm
Please can someone guide me ,is there any valid setup? ,if there is ,on which 15 min candle A,B or C? and why.IMHO none of these 15min candle's body is open in area of interest,we can see the wicks of candles are opened in the area of interest.Thanks!
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  • #14,099
  • May 19, 2019 3:40pm May 19, 2019 3:40pm
Quoting T4Trade
Please can someone guide me ,is there any valid setup? ,if there is ,on which 15 min candle A,B or C? and why.IMHO none of these 15min candle's body is open in area of interest,we can see the wicks of candles are opened in the area of interest.Thanks! {image}
You want help from fellow traders and you still post charts that has nothing to do with method in this thread.

And you are confused? Read the thread first goddammit
  • #14,100
  • May 19, 2019 4:11pm May 19, 2019 4:11pm
Quoting T4Trade
Please can someone guide me ,is there any valid setup? ,if there is ,on which 15 min candle A,B or C? and why.IMHO none of these 15min candle's body is open in area of interest,we can see the wicks of candles are opened in the area of interest.Thanks! {image}
There is no entry on any of those candles, as none opened in the Area of Interest.
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