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Highest Open / Lowest Open Trade

  • #14,301
  • Sep 30, 2019 1:28pm Sep 30, 2019 1:28pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,302
  • Oct 1, 2019 4:00pm Oct 1, 2019 4:00pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,303
  • Oct 3, 2019 10:04pm Oct 3, 2019 10:04pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,304
  • Oct 4, 2019 5:45am Oct 4, 2019 5:45am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,305
  • Oct 4, 2019 7:45am Oct 4, 2019 7:45am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,306
  • Oct 4, 2019 11:32am Oct 4, 2019 11:32am
Are we still use 1h time frame + 5m ?? i saw a lot of 15M charts
  • #14,307
  • Oct 4, 2019 12:11pm Oct 4, 2019 12:11pm
Quoting TooSlow
{image}
TS,

is there a point in this thread where the overriding strategy changes? I.E. and revision?

I read about the first 25 and last 10 (at work ).

I would love to give this a go!

Also, I know you start tracking daily High/Low at 5pm EST based on new candle. However, is there a specific time frame where you actively trade and stop trading? Or, rather, do you watch these charts all day looking to catch that highest open or lowest open? Also, do you continually

for example, 10pm EST would only have 4 H1 bars, and thus, there would be less data to determine if you were at highest high or low.

Lastly, do you re-enter a pair multiple times and newer highs or higher opens are created?

Thanks, and I am very excited!
  • #14,308
  • Oct 4, 2019 12:17pm Oct 4, 2019 12:17pm
Quoting tradeChaser
{quote} TS, is there a point in this thread where the overriding strategy changes? I.E. and revision? I read about the first 25 and last 10 (at work ). I would love to give this a go! Also, I know you start tracking daily High/Low at 5pm EST based on new candle. However, is there a specific time frame where you actively trade and stop trading? Or, rather, do you watch these charts all day looking to catch that highest open or lowest open? Also, do you continually for example, 10pm EST would only have 4 H1 bars, and thus, there...
No change. Nothing needs to change. This method is basic and simple. Do not try to "fix" it or "improve" it until you MASTER it. The rules are on the charts I post.

The high and low is based on your broker's daily high and low. The bulk of my trading occurs during the NY session. I enter/reenter when the method dictates action.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,309
  • Oct 4, 2019 12:20pm Oct 4, 2019 12:20pm
Quoting khalidhassan
Are we still use 1h time frame + 5m ?? i saw a lot of 15M charts
I post 15 minute charts because all the action for the day fits on the chart. M5 hard to read when all candles for day are on the chart:


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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,310
  • Oct 5, 2019 5:01am Oct 5, 2019 5:01am
Quoting TooSlow
{quote} I post 15 minute charts because all the action for the day fits on the chart. M5 hard to read when all candles for day are on the chart: {image}
Clear , thanks
  • #14,311
  • Oct 5, 2019 4:50pm Oct 5, 2019 4:50pm
Who is taking the 10 trade challenge the week of OCTOBER 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
  • #14,312
  • Oct 6, 2019 1:45am Oct 6, 2019 1:45am
Quoting TooSlow
Who is taking the 10 trade challenge the week of OCTOBER 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!
I will
  • #14,313
  • Oct 7, 2019 5:57am Oct 7, 2019 5:57am
Wait
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  • #14,314
  • Oct 7, 2019 6:01am Oct 7, 2019 6:01am
wait
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  • #14,315
  • Oct 7, 2019 10:31am Oct 7, 2019 10:31am
Go short
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  • #14,316
  • Oct 7, 2019 10:42am Oct 7, 2019 10:42am
Quoting khalidhassan
Go short {image}
Hit the stop
  • #14,317
  • Oct 7, 2019 11:15am Oct 7, 2019 11:15am
EURJPY AGAIN
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  • #14,318
  • Oct 7, 2019 11:17am Oct 7, 2019 11:17am
USDJPY
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  • #14,319
  • Oct 7, 2019 11:18am Oct 7, 2019 11:18am
GBPJPY
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  • #14,320
  • Oct 7, 2019 12:40pm Oct 7, 2019 12:40pm
Quoting khalidhassan
GBPJPY {image}
You are not using the tools provided. How do you expect to learn?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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