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Highest Open / Lowest Open Trade

  • #14,641
  • Mar 8, 2020 6:33pm Mar 8, 2020 6:33pm
Quoting Vanatur
Hello traders, I am a newbie to this system and I am trying to learn as it seems interesting. It would be helpful if the latest working template and indicators are posted on the first post. Will you please post them TooSlow?
You will find everything you need on Post #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,642
  • Mar 9, 2020 2:46am Mar 9, 2020 2:46am
I am taking the challenge on demo acc.

Will post results (lessons learnt and success/failure with trades).

Pair is USDJPY.
  • #14,643
  • Mar 9, 2020 3:45am Mar 9, 2020 3:45am
I use 4H HO to sell London +8
Attached Image
  • #14,644
  • Mar 9, 2020 7:05pm Mar 9, 2020 7:05pm
Quoting TooSlow
{image} {image} HIGHEST OPEN / LOWEST OPEN TRADE Place a line at the highest H1 open and lowest H1 open for the current day. Sell short at the highest H1 open after price goes up through it and comes back down. Buy at the lowest H1 open after price goes down through it and comes back up. Stop loss is the current daily high or current daily low. Adjust your position size accordingly. Take profit by moving stop. When trade is +5 or more, move stop to BE+1. When trade is +10 or more, move to to BE+5, or switch to trailing stop. Optional exit is to...
This is interesting because in the end I will get a very successful trade after failing many successful attempts as well (but success with a few points) I have only one question, which is that at the beginning of the day I have to wait for the highest opening and the lower opening to form so that I can rely on them to enter In the first deal // Am I right ????? Thanks >>> Ahmad
  • #14,645
  • Mar 10, 2020 9:56am Mar 10, 2020 9:56am
Hi TooSlow, how do you proceed when the difference between today high and today highest h1 open is greater than 5, 10 or 15 pips (your sl)? What is the acceptable limit( how many pips) that the risk is not so high compared to the potential gain?
  • #14,646
  • Edited 3:52pm Mar 10, 2020 2:33pm | Edited 3:52pm
Hello

Formerly tgk, now, Betty.

Trade activity for this week on USDJPY

Monday: 10 trades. 8 Wins (95 pips total), 2 Losses (9 pips total)
Tuesday: 10 trades. 6 wins (63 pips total), 4 losses (23 pips total)

Have not been taking screenshots. Will try to do so today.

Betty.
  • #14,647
  • Mar 10, 2020 3:16pm Mar 10, 2020 3:16pm
Attached Image (click to enlarge)
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+15 pips
  • #14,648
  • Mar 10, 2020 4:16pm Mar 10, 2020 4:16pm
Quoting MyNameBetty
Hello Formerly tgk, now, Betty. Trade activity for this week on USDJPY Monday: 10 trades. 8 Wins (95 pips total), 2 Losses (9 pips total) Tuesday: 10 trades. 6 wins (63 pips total), 4 losses (23 pips total) Have not been taking screenshots. Will try to do so today. Betty.
10 trades each day on UJ? Didn't know so many were available each day on one pair. Well done. Great result.
  • #14,649
  • Mar 10, 2020 5:41pm Mar 10, 2020 5:41pm
@ia1979

there are so many. I didnt even trade all the possibilities. and i slept for 7 hours of new york session (i am in Aus)!

10 a day is probably over trading and taking on a bit too much risk but I am really trying to understand these strategies (holo and 123) so i am trying to practice.

learning so much!!!!!
  • #14,650
  • Mar 12, 2020 9:46am Mar 12, 2020 9:46am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 70 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,651
  • Mar 12, 2020 11:03am Mar 12, 2020 11:03am
Quoting TooSlow
{image}
Hi TS. What do the multiple red crosses represent? Thanks.
  • #14,652
  • Edited 2:24pm Mar 12, 2020 2:04pm | Edited 2:24pm
Attached Image (click to enlarge)
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+15 pips
  • #14,653
  • Mar 13, 2020 2:56pm Mar 13, 2020 2:56pm
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,654
  • Mar 13, 2020 2:57pm Mar 13, 2020 2:57pm
Quoting ia1979
{quote} Hi TS. What do the multiple red crosses represent? Thanks.
They mark previous breakouts. They are not necessary.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,655
  • Mar 16, 2020 12:08pm Mar 16, 2020 12:08pm
Who is taking the 10 trade challenge the week of MARCH 15, 2020?

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
  • #14,656
  • Mar 16, 2020 11:26pm Mar 16, 2020 11:26pm
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,657
  • Mar 18, 2020 1:32am Mar 18, 2020 1:32am
Usdcad HO +10 pips

Usdcad LO +10 pips

Edit: Screenshots taken before deals hit TP...
Attached Image(s) (click to enlarge)
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  • #14,658
  • Mar 18, 2020 11:03am Mar 18, 2020 11:03am
Hi all,
I have just read this new method and would like to practice.

Unfortunately, I do not understand some of the abbreviations>

D1[0]
D1[1]
PD
etc.

Please can some help_?

Could I have any available indicators and templates?

Thank you all!!!
  • #14,659
  • Mar 18, 2020 11:42am Mar 18, 2020 11:42am
Greetings again,

Please what is the meaning of lower open 10, 20, 25, etc.

How are these being used to trade?

Thanks
  • #14,660
  • Mar 19, 2020 12:31am Mar 19, 2020 12:31am
Quoting imanu01
Hi all, I have just read this new method and would like to practice. Unfortunately, I do not understand some of the abbreviations> D1[0] D1[1] PD etc. Please can some help_? Could I have any available indicators and templates? Thank you all!!!
D1[1] is one day ago.
D1[0] is current day.

lower open 10 is a line 10 pips above the open.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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