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Highest Open / Lowest Open Trade

  • #14,781
  • Edited 6:32am May 19, 2020 4:53am | Edited 6:32am
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
AUDNZD gave exactly this scenario this morning although it was 01:00 and looking at the 15 & 5 min charts it didn't open in the "Area of Interest". However the 1 minute chart did so again I presume you could take an entry of this one. The original instructions and pdf suggest using different lower time-frames.

HOURLY
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15min
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1min
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  • #14,782
  • May 19, 2020 4:58am May 19, 2020 4:58am
Quoting Spikehunter
{quote} AUDNZD gave exactly this scenario this morning although it was 01:00 and looking at the 15 & 5 min charts it didn't open in the "Area of Interest". However the 1 minute chart did so again I presume you could take an entry of this one. The original instructions and pdf suggest using different lower time-frames. HOURLY {image} 15min {image} 1min {image} {image}
May want to edit. Your 15 min is the H1.
  • #14,783
  • May 19, 2020 5:03am May 19, 2020 5:03am
Quoting lemercenaire
{quote} As I said, it's a whole lot easier if the H1 chart is (also) posted up.
nevermind, will posted another scenario in the future it will happen again of cos. sorry for not posting in complete details
  • #14,784
  • May 19, 2020 6:33am May 19, 2020 6:33am
Quoting lemercenaire
{quote} May want to edit. Your 15 min is the H1.
Done,. Not sure what went wrong with the first ones and there were 2 images when I only had one on the screen.
  • #14,785
  • May 19, 2020 6:58am May 19, 2020 6:58am
Traders, to learn the method use the tools provided especially if you want to ask questions.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,786
  • May 19, 2020 7:03am May 19, 2020 7:03am
trade 2: -10 PIPS

Total : -5 pips for the week so far

My risk on this trade was less due to the trade taken above yesterday high

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  • #14,787
  • May 19, 2020 7:05am May 19, 2020 7:05am
Quoting TooSlow
Traders, to learn the method use the tools provided especially if you want to ask questions.
Will the tools answer my question and if so which ones please.
  • #14,788
  • May 19, 2020 7:59am May 19, 2020 7:59am
Quoting TooSlow
{image}
Can you please share the indi where you switch pairs ore if shared witch post i can find it......It is on one of the templates i have,but when not in folder it doesnt work...
Insanityoing same ting over expecting different results..Einstein
  • #14,789
  • May 19, 2020 8:18am May 19, 2020 8:18am
Quoting FXsniper111
{quote} Can you please share the indi where you switch pairs ore if shared witch post i can find it......It is on one of the templates i have,but when not in folder it doesnt work...
I found the one with 10 pairs on it,but not the one with all 28 on.....
Insanityoing same ting over expecting different results..Einstein
  • #14,790
  • May 19, 2020 8:21am May 19, 2020 8:21am
Quoting FXsniper111
{quote} I found the one with 10 pairs on it,but not the one with all 28 on.....
What does it do perhaps we can replicate it and make it handle 28 pairs. I have an ea that handles info on all 28.
  • #14,791
  • May 19, 2020 8:23am May 19, 2020 8:23am
Quoting Spikehunter
{quote} What does it do perhaps we can replicate it and make it handle 28 pairs. I have an ea that handles info on all 28.
I think i can do it in settings,but i dont know how to make it fit when all 28 on.....better if anyone have a preset i can use..
Insanityoing same ting over expecting different results..Einstein
  • #14,792
  • Edited 11:51am May 19, 2020 11:37am | Edited 11:51am
hello again,
i have found a similar scenario fro the UJ trade earlier, this is EU chart. please dont hate me for asking too many questions :/ im sorry. Thank you for your replies. anyway, this is just an example. Yes, i acknowledge the price of EU broke through the Prev Day high.

H1 chart EU

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15M chart EU

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  • #14,793
  • May 19, 2020 12:39pm May 19, 2020 12:39pm
Quoting arenNorman
hello again, i have found a similar scenario fro the UJ trade earlier, this is EU chart. please dont hate me for asking too many questions :/ im sorry. Thank you for your replies. anyway, this is just an example. Yes, i acknowledge the price of EU broke through the Prev Day high. H1 chart EU {image} 15M chart EU {image}
Don't worry about asking intelligent questions and thanks for using the template, it does make things so much easier to understand your questions.

Anyway, no, in that situation you would not enter there. You would have to have waited on price to turn and go back up into the red zone, which it never did here.

It happens, there will always be another trade.
  • #14,794
  • May 19, 2020 12:49pm May 19, 2020 12:49pm
Quoting lemercenaire
{quote} Don't worry about asking intelligent questions and thanks for using the template, it does make things so much easier to understand your questions. Anyway, no, in that situation you would not enter there. You would have to have waited on price to turn and go back up into the red zone, which it never did here. It happens, there will always be another trade.
What about using lower time frames.
  • #14,795
  • May 19, 2020 12:52pm May 19, 2020 12:52pm
Quoting Spikehunter
{quote} What about using lower time frames.
You could have a look. 5 min certainly. I wouldn't recommend 1 min to newcomers. However, as I don't have one of those charts, I can't answer.
  • #14,796
  • May 19, 2020 6:02pm May 19, 2020 6:02pm
Quoting arenNorman
hello again, i have found a similar scenario fro the UJ trade earlier, this is EU chart. please dont hate me for asking too many questions :/ im sorry. Thank you for your replies. anyway, this is just an example. Yes, i acknowledge the price of EU broke through the Prev Day high. H1 chart EU {image} 15M chart EU {image}
You have the rules on your chart. Answer the questions in the rules. Then you will know whether to enter or to wait. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,797
  • May 19, 2020 11:21pm May 19, 2020 11:21pm
Quoting TooSlow
{quote} You have the rules on your chart. Answer the questions in the rules. Then you will know whether to enter or to wait. Cheers!
Thank you for the guidence,Tooslow. appreciate it. anyway, in regards to the rules, what does it mean by, avoid FREIGHT TRAINS? thanks again.
  • #14,798
  • May 20, 2020 1:55am May 20, 2020 1:55am
is this a correct entry?
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  • #14,799
  • May 20, 2020 2:24am May 20, 2020 2:24am
and this?
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  • #14,800
  • May 20, 2020 4:28am May 20, 2020 4:28am
trade 3: -10 pips

Total for the week : -15 pips

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