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Highest Open / Lowest Open Trade

  • #14,761
  • May 17, 2020 6:48am May 17, 2020 6:48am
if using this strategy, is it better to use, pending order buy/sell stops or market execution? (with respect of the bid and ask price).
  • #14,762
  • May 17, 2020 9:32am May 17, 2020 9:32am
I have read trew most of the first pages on this tread and i have one question....In according to the rules can you open a trade on the same H1 Candle as the highestopen/Lowest open accur on??So if highest open goes up and comes back down under highest open point then its a valid entry??

PM:I guess it sais so in the rules on template(Only one trade pr Candle),but i want to be sure...
Insanityoing same ting over expecting different results..Einstein
  • #14,763
  • May 17, 2020 10:29am May 17, 2020 10:29am
Quoting arenNorman
if using this strategy, is it better to use, pending order buy/sell stops or market execution? (with respect of the bid and ask price).
Use what you can make work. Personally, I only ever use market.
  • #14,764
  • May 17, 2020 10:31am May 17, 2020 10:31am
Quoting FXsniper111
I have read trew most of the first pages on this tread and i have one question....In according to the rules can you open a trade on the same H1 Candle as the highestopen/Lowest open accur on??So if highest open goes up and comes back down under highest open point then its a valid entry?? PM:I guess it sais so in the rules on template(Only one trade pr Candle),but i want to be sure...
Yes, you can enter any time after the new H/L H1 is formed.
  • #14,765
  • Edited 10:51am May 17, 2020 10:37am | Edited 10:51am
Quoting lemercenaire
{quote} Yes, you can enter any time after the new H/L H1 is formed.
And one more question i am sure has been answered already,but isnt it better to enter at once the High open/Low open has peaked and on its way Under/Over the open with a bit tighter stop than to wait until open of 5/15 Min candle before entering???I ask because i see in previus posts that you say that you do wait for open of 5/15 min....So i guess its a reason for it??

PM:Well i will find out tomorrow trading this....
Insanityoing same ting over expecting different results..Einstein
  • #14,766
  • May 17, 2020 12:13pm May 17, 2020 12:13pm
Quoting FXsniper111
{quote} And one more question i am sure has been answered already,but isnt it better to enter at once the High open/Low open has peaked and on its way Under/Over the open with a bit tighter stop than to wait until open of 5/15 Min candle before entering???I ask because i see in previus posts that you say that you do wait for open of 5/15 min....So i guess its a reason for it?? PM:Well i will find out tomorrow trading this....
Better? It is what it is.

If you are looking for an entry the way you describe, you should look at 1-2-3 as that will give you more of an entry to your liking.
  • #14,767
  • May 17, 2020 12:38pm May 17, 2020 12:38pm
Quoting lemercenaire
{quote} Better? It is what it is. If you are looking for an entry the way you describe, you should look at 1-2-3 as that will give you more of an entry to your liking.
I read that also...So this strategie you enter at the open of 5/15 min candle after price has gone over/under the last High/Open and the 123 you open if price cant make new High/low and goes under/over open of that candle directly so there are to different entrys with simular bace i guess...Ok i think i get it now...lolz...Will see tomorrow and post my results here when done for the day....Thank you Lem...
Insanityoing same ting over expecting different results..Einstein
  • #14,768
  • May 17, 2020 12:48pm May 17, 2020 12:48pm
Quoting FXsniper111
{quote} I read that also...So this strategie you enter at the open of 5/15 min candle after price has gone over/under the last High/Open and the 123 you open if price cant make new High/low and goes under/over open of that candle directly so there are to different entrys with simular bace i guess...Ok i think i get it now...lolz...Will see tomorrow and post my results here when done for the day....Thank you Lem...
Almost. You don't enter at the open of the 15 min candle. You wait for a candle to open in The Area of Interest, yes, however, you still wait for price to cross over the H1 Open Level that sets the boundary of the A-of-I.
  • #14,769
  • May 17, 2020 3:37pm May 17, 2020 3:37pm
Quoting lemercenaire
{quote} Almost. You don't enter at the open of the 15 min candle. You wait for a candle to open in The Area of Interest, yes, however, you still wait for price to cross over the H1 Open Level that sets the boundary of the A-of-I.
So then the 5/15 min candle open between high/low and Highest/Lowest open (Level of interest) and as price retrace against Highets/lowest open then you open trade ore should i wait until it penetrates Highest/Lowest open....I am sure you have xplained it,but i am still not totally sure...when i look at the charts in post one it seem like the trades are opened on retrace against the highest/lowest Open and the 123 method is when price penetrate the Highest/lowest open after failure to make new High/low...Hope you guys understand my question....
Insanityoing same ting over expecting different results..Einstein
  • #14,770
  • May 17, 2020 4:28pm May 17, 2020 4:28pm
Quoting FXsniper111
{quote} So then the 5/15 min candle open between high/low and Highest/Lowest open (Level of interest) and as price retrace against Highets/lowest open then you open trade ore should i wait until it penetrates Highest/Lowest open....I am sure you have xplained it,but i am still not totally sure...when i look at the charts in post one it seem like the trades are opened on retrace against the highest/lowest Open and the 123 method is when price penetrate the Highest/lowest open after failure to make new High/low...Hope you guys understand my question....
I shouldn't have mentioned 1-2-3, I simply thought it would clarify your entry. Maybe I was wrong.

Ok...

HOLO:
For Shorts.
A new H1 Higher Open is formed.
You now have an Area of Interest formed with lower level at the H1 Open level and the Upper at the High of the candle.
Wait till a 15 min candle opens inside that zone.
Once one does, enter Short as price crosses back over the H1 Open level.

1-2-3:
H1 candle makes a new High.
Wait.
Second H1 candle opens and fails to make a new High.
Wait.
Enter if/when price drops back over the Open Level of the second candle.
  • #14,771
  • May 17, 2020 4:34pm May 17, 2020 4:34pm
A 1-2-3 is sometimes a HOLO.

A HOLO is sometimes a 1-2-3.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,772
  • May 18, 2020 4:24am May 18, 2020 4:24am
trade 1 out of 10

Pair : EURUSD

+5PIPS

Attached Image (click to enlarge)
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  • #14,773
  • May 18, 2020 3:48pm May 18, 2020 3:48pm
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,774
  • May 18, 2020 10:51pm May 18, 2020 10:51pm
hello all,
some more questions, the screenshot is UJ 15M, on 1 hour chart it made a newest highest open(107.448). so when i swtich to 15M, the 1st candle of 1hr already in red, my question is, should i have enter one the first candle? or this is not a valid entry according to the rules of the system?
Attached Image (click to enlarge)
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  • #14,775
  • May 19, 2020 1:43am May 19, 2020 1:43am
Quoting arenNorman
hello all, some more questions, the screenshot is UJ 15M, on 1 hour chart it made a newest highest open(107.448). so when i swtich to 15M, the 1st candle of 1hr already in red, my question is, should i have enter one the first candle? or this is not a valid entry according to the rules of the system? {image}
I will be interested in the answer as well. I assume its a no trade.
  • #14,776
  • May 19, 2020 1:45am May 19, 2020 1:45am
Quoting arenNorman
hello all, some more questions, the screenshot is UJ 15M, on 1 hour chart it made a newest highest open(107.448). so when i swtich to 15M, the 1st candle of 1hr already in red, my question is, should i have enter one the first candle? or this is not a valid entry according to the rules of the system? {image}
As soon as you get a 15 min candle opening in the Area of Interest, you can enter as soon as price crosses your H1 entry level.
  • #14,777
  • May 19, 2020 2:29am May 19, 2020 2:29am
Quoting lemercenaire
{quote} As soon as you get a 15 min candle opening in the Area of Interest, you can enter as soon as price crosses your H1 entry level.
Sorry, but that means this is a no trade or is the Open Price included in the area of interest.
  • #14,778
  • May 19, 2020 2:36am May 19, 2020 2:36am
Quoting Spikehunter
{quote} Sorry, but that means this is a no trade or is the Open Price included in the area of interest.
I'm not sure I follow your meaning. If I could see both the H1 chart and 15 min it always makes things a whole lot easier, especially when the template isn't being used.
  • #14,779
  • May 19, 2020 2:40am May 19, 2020 2:40am
Quoting Spikehunter
{quote} Sorry, but that means this is a no trade or is the Open Price included in the area of interest.
would like to know this as well...because from the screenshot that attached, the newest highest open is consider a new one. so the new "area of interest should be between the 'current high of the day' and 'newest highest open of the current 1hr candle', which is above the 107.448, right? correct me if im wrong, just want to learn this interesting system. peace
  • #14,780
  • May 19, 2020 2:53am May 19, 2020 2:53am
Quoting arenNorman
{quote} would like to know this as well...because from the screenshot that attached, the newest highest open is consider a new one. so the new "area of interest should be between the 'current high of the day' and 'newest highest open of the current 1hr candle', which is above the 107.448, right? correct me if im wrong, just want to learn this interesting system. peace
As I said, it's a whole lot easier if the H1 chart is (also) posted up.
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