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Highest Open / Lowest Open Trade

  • #14,441
  • Nov 26, 2019 2:20pm Nov 26, 2019 2:20pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,442
  • Nov 26, 2019 3:19pm Nov 26, 2019 3:19pm
Quoting TooSlow
{quote} Do what you can, with what you have, where you are at.

Best logic I will hear this week.
  • #14,443
  • Edited 9:17pm Nov 26, 2019 3:25pm | Edited 9:17pm
Quoting TooSlow
Avoid pairs when spread is over 3 pips.
In principle, I totally agree, BUT I find that something like the GA or EN during evening hours (Pacific time) can easily pan out with greater range movement.

Perhaps few would be looking at this time.

FS
  • #14,444
  • Nov 27, 2019 4:43am Nov 27, 2019 4:43am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,445
  • Nov 27, 2019 10:32am Nov 27, 2019 10:32am
Morning TS and friends . . .

I note in reading across the (many) pages of HI-LO that you have (still do?) taken the Daily Open cross, at least occasionally. [take what you can get]

Just wondering if you apply a small "buy zone " around the DO just to see if price will retrace or keep going from entry at the line? Since we enter at the line for the H1 open max/min moving away from the extreme value I presume it's "at the line" but just checking.

At best, this is secondary to the search for the new H1 extreme open and eventual reversal for the day but does present another opportunity.
  • #14,446
  • Nov 27, 2019 10:36am Nov 27, 2019 10:36am
Quoting lemercenaire
{quote} Just remember, as should everyone, that the markets will begin to get thin and weedy beginning in December going through the holidays and into the New Year. Unpredictability will become more common and the behaviour of the pairs will alter at the weirdest of times without warning.

This is very true . . . I suppose I was thinking about a semi-normal week at the beginning of December before holiday mania fully sets in.

Your caution is taken. Thanks Lem.
  • #14,447
  • Nov 27, 2019 12:36pm Nov 27, 2019 12:36pm
Quoting Forest-Sea
{quote} This is very true . . . I suppose I was thinking about a semi-normal week at the beginning of December before holiday mania fully sets in. Your caution is taken. Thanks Lem.
That may have held true if it wasn't for the fact that it's Thanksgiving tomorrow and a lot of those who break for that don't bother getting back to their desks after.
  • #14,448
  • Nov 27, 2019 12:37pm Nov 27, 2019 12:37pm
Quoting Forest-Sea
Morning TS and friends . . . I note in reading across the (many) pages of HI-LO that you have (still do?) taken the Daily Open cross, at least occasionally. [take what you can get] Just wondering if you apply a small "buy zone " around the DO just to see if price will retrace or keep going from entry at the line? Since we enter at the line for the H1 open max/min moving away from the extreme value I presume it's "at the line" but just checking. At best, this is secondary to the search for the new H1 extreme open and eventual reversal for...
You've read more than I ever did then, lol. I don't remember anything ever about trading the Daily Open.

Buy Zone is Buy Zone and lives on its own.
  • #14,449
  • Nov 27, 2019 1:18pm Nov 27, 2019 1:18pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,450
  • Nov 27, 2019 1:39pm Nov 27, 2019 1:39pm
Quoting lemercenaire
{quote} Buy Zone is Buy Zone and lives on its own.
I hope it lives some place warm. I can see snow out my window.

Still, point taken.

Joyous day tomorrow for all who are celebrating. It will be my first time with my adult children in many years. Cheers!

FS
  • #14,451
  • Nov 27, 2019 1:42pm Nov 27, 2019 1:42pm
Quoting Forest-Sea
{quote} I hope it lives some place warm. I can see snow out my window. Still, point taken. Joyous day tomorrow for all who are celebrating. It will be my first time with my adult children in many years. Cheers! FS
I feel you already know it lives in a galaxy far, far away

Enjoy your Thanksgiving and best wishes to you and your family.
  • #14,452
  • Nov 27, 2019 1:55pm Nov 27, 2019 1:55pm
Quoting TooSlow
After reading other threads that contain analysis and prediction, I am even more confident to remain trading this way. The main reason is this method does not require analysis or prediction. There is nothing to explain after the fact. The entries are hard to beat. No interpretation is necessary. That is my conclusion. Thank you.
As important as this should be to traders, let us not forget that no squigglies were sacrificed in analysis.
  • #14,453
  • Nov 27, 2019 1:57pm Nov 27, 2019 1:57pm
Quoting lemercenaire
{quote} Enjoy your Thanksgiving and best wishes to you and your family.
Lem, truly I thank you for the good wishes.
  • #14,454
  • Nov 27, 2019 2:29pm Nov 27, 2019 2:29pm
Quoting TooSlow
{image}
i read through everything, spent 2 hours customizing my template!!! also been reading through stuff... i only trade 2 pairs, but loaded buttons to look anyways

style seems pretty easy will keep you updated!! Going to do the 10 trade challenge on GJ
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  • #14,455
  • Nov 27, 2019 3:12pm Nov 27, 2019 3:12pm
Quoting lemercenaire
{quote} I don't remember anything ever about trading the Daily Open. .
Probably my error. Seems a suggestion from TS to a fellow traveller on this forum. See post 336.
  • #14,456
  • Nov 27, 2019 4:18pm Nov 27, 2019 4:18pm
Quoting Forest-Sea
{quote} Probably my error. Seems a suggestion from TS to a fellow traveller on this forum. See post 336.
Ah, it looks like they were looking at the issues around trading the Asian session and if it would be an option to use the Asian Open candle as the first Highest / Lowest Open of the working day.
  • #14,457
  • Nov 27, 2019 4:20pm Nov 27, 2019 4:20pm
Quoting 4xtrader41
{quote} i read through everything, spent 2 hours customizing my template!!! also been reading through stuff... i only trade 2 pairs, but loaded buttons to look anyways style seems pretty easy will keep you updated!! Going to do the 10 trade challenge on GJ {image}
Welcome to the thread and method and green pips going forward - just bear in mind trading conditions do start to unravel at this time of year.
  • #14,458
  • Nov 28, 2019 10:31am Nov 28, 2019 10:31am
Quoting lemercenaire
{quote} Welcome to the thread and method and green pips going forward - just bear in mind trading conditions do start to unravel at this time of year.
I took this last night, does this look right?

took +59 on GA.. Looked at about 100 trades from TooSlow, studied for 1 day

I only trades 2 pairs so, so i am used to be patient
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  • #14,459
  • Nov 28, 2019 10:39am Nov 28, 2019 10:39am
Quoting 4xtrader41
{quote} I took this last night, does this look right? took +59 on GA.. Looked at about 100 trades from TooSlow, studied for 1 day I only trades 2 pairs so, so i am used to be patient {image}
Well, I could tell you if it's correct but instead, it would benefit yourself and no doubt other beginning traders here, if you were to run through and list here your decision making process. That is a much more useful and beneficial way of learning (for all).

After you have done that, you can genuinely tell us whether you were correct.
  • #14,460
  • Nov 28, 2019 11:02am Nov 28, 2019 11:02am
For anyone considering this, these 6 pictures will help you a TON!!!!

I looked at these, besides about 200 pictures of TooSlow trades

And of course i back tested etc
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