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Trading is as simple as 1-2-3

  • #9,441
  • Dec 11, 2019 1:36pm Dec 11, 2019 1:36pm
Quoting tiestobob
Were these consecutive highs all valid setups to go short (if price retraced below the H1[0] open down)? I feel like if I traded these it would have been really bad for me. I just wanna get your opinions on how to avoid these. {image}
Follow the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,442
  • Dec 11, 2019 2:24pm Dec 11, 2019 2:24pm
Quoting lemercenaire
{quote} A friend has pointed out that the simplest answer to your question was that it was moved by news. Don't trade over news. I had not seen this as I am not trading December / January, so my screens are off. You can still take the info I posted as a general comment on things to consider when looking at a chart.
thank you very much for your responses and advice.
Take this course: https://shorturl.at/upBey
  • #9,443
  • Dec 11, 2019 4:29pm Dec 11, 2019 4:29pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,444
  • Dec 12, 2019 2:14am Dec 12, 2019 2:14am
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Short GJ +5 locked
  • #9,445
  • Dec 12, 2019 5:08am Dec 12, 2019 5:08am
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Progressing nicely, +56, 20 trailer on
  • #9,446
  • Dec 16, 2019 2:52am Dec 16, 2019 2:52am
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Short EJ +5 locked
  • #9,447
  • Edited 6:15am Dec 17, 2019 3:37am | Edited 6:15am
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Long EU +5 locked +23, 10 trailer on
  • #9,448
  • Dec 17, 2019 7:50am Dec 17, 2019 7:50am
Trading is as simple
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  • #9,449
  • Dec 17, 2019 10:08am Dec 17, 2019 10:08am
Quoting FxTechnical
Trading is as simple {image}
Perhaps you should start your own thread since nothing in your post relates to Post One.
every Saint has a past. Every Sinner has a Future
  • #9,450
  • Dec 18, 2019 3:28am Dec 18, 2019 3:28am
Quoting turnip15
{quote} Perhaps you should start your own thread since nothing in your post relates to Post One.
Have to concur with turnip15, FxTechnical. You are definitely lacking in style points with the chart, especially the MA's. Might want to get the template from Highest Open Lowest Open thread. Then start on page one and proceed.
  • #9,451
  • Dec 18, 2019 3:30am Dec 18, 2019 3:30am
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Short CF +5 locked Pretty classic set up ran right up to the high then failed nicely.
  • #9,452
  • Dec 19, 2019 3:00am Dec 19, 2019 3:00am
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Short GJ +5 locked Took this as a same bar on the reverse. The wild and wooly GBP market always entertaining. Off for the holidays, Cheers.
  • #9,453
  • Dec 19, 2019 4:04pm Dec 19, 2019 4:04pm
Quoting hal7
{image} Short GJ +5 locked Took this as a same bar on the reverse. The wild and wooly GBP market always entertaining. Off for the holidays, Cheers.
Have an enjoyable and relaxing time off, Hal. See you in the New Year.
  • #9,454
  • Dec 20, 2019 2:09am Dec 20, 2019 2:09am
GJ SHORT
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  • #9,455
  • Dec 20, 2019 2:15am Dec 20, 2019 2:15am
GU SHORT
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  • #9,456
  • Dec 20, 2019 2:17am Dec 20, 2019 2:17am
CANDIDATE
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  • #9,457
  • Dec 20, 2019 3:05am Dec 20, 2019 3:05am
Quoting Drakeras
GJ SHORT {image}
sec entry
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  • #9,458
  • Dec 24, 2019 12:55pm Dec 24, 2019 12:55pm
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Not worth trading today.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,459
  • Dec 26, 2019 4:27am Dec 26, 2019 4:27am
EURJPY Exit +6 . DT
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  • #9,460
  • Edited 8:13am Dec 26, 2019 7:55am | Edited 8:13am
Don't you wait for the close of the second bar (the one that fails to break the H or L or the prev bar ) ? As long as the bar did not close it could make a higher high during that bar.
I am thinking a way o using this strategy is to find this setup on H1 then go down some time frames and and scalp it?
The day open is a bit subjective i think ,around the world the day starts at different times ..the day open for me would be the open of the asian session .as i am in europe.
I don't really get the buy above the open and sell bellow the open...If I look for new a high for the day I can only find it above the open and vice versa for the low. So basically we are looking for reversals,right?
It could be a powerful strategy if we find this setup at s/r levels or fibonacci ?
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