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Trading is as simple as 1-2-3

  • #10,461
  • Dec 22, 2020 10:31pm Dec 22, 2020 10:31pm
Quoting ericjschroed
To anyone who would like to answer: I have searched and cannot find if this has been asked and answered... If price makes a new daily low, and the next bar pulls back to test the low and I place my pending order but my order is not filled in that hour and price does NOT make a new low, do you leave the pending or cancel it? Thanks.
First, has price made a new low? Follow the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,462
  • Dec 22, 2020 10:31pm Dec 22, 2020 10:31pm
Quoting ericjschroed
To anyone who would like to answer: I have searched and cannot find if this has been asked and answered... If price makes a new daily low, and the next bar pulls back to test the low and I place my pending order but my order is not filled in that hour and price does NOT make a new low, do you leave the pending or cancel it? Thanks.
Hello, in case I use the pending order in this way, and it is not filled, I will leave, do not interrupt and wait for what the price will do for the next hour. It is also important to me whether this situation occurs at the beginning or at the end of trading hours. Enough ?
  • #10,463
  • Dec 22, 2020 10:34pm Dec 22, 2020 10:34pm
Quoting TooSlow
{quote} First, has price made a new low? Follow the rules.
Sorry, if the price made a new minimum / maximum, of course I cancel the order ...
  • #10,464
  • Dec 23, 2020 12:47am Dec 23, 2020 12:47am
Quoting hal7
{image}Long AU +5 locked
your perseverance over the years is most rare to find on ff.
trading is like dancing, don't think and just listen to the music!
  • #10,465
  • Dec 23, 2020 2:08am Dec 23, 2020 2:08am
Quoting birdland
{quote} your perseverance over the years is most rare to find on ff.
Thx Birdland. What I have found rare is a method on FF that the rules are still the same after years.
  • #10,466
  • Dec 23, 2020 2:23am Dec 23, 2020 2:23am
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Long CA +5 locked
  • #10,467
  • Dec 23, 2020 5:42am Dec 23, 2020 5:42am
Quoting ericjschroed
To anyone who would like to answer: I have searched and cannot find if this has been asked and answered... If price makes a new daily low, and the next bar pulls back to test the low and I place my pending order but my order is not filled in that hour and price does NOT make a new low, do you leave the pending or cancel it? Thanks.
Trade set ups remain valid until a new set up appears.
  • #10,468
  • Dec 23, 2020 9:29pm Dec 23, 2020 9:29pm
Quoting TooSlow
{quote} First, has price made a new low? Follow the rules.
Thanks to the other people who responded, who said they leave the pending order for the next hour. For TooSlow, since you are asking a question, I don't know if I wasn't clear or if you are telling me that if a setup occurs and is not filled in the same hour, that you cancel the pending and wait for a new daily high or low? Thanks. I know this situation should not occur too often but I have seen it.
  • #10,469
  • Dec 24, 2020 5:34am Dec 24, 2020 5:34am
GU sell ,close +5 90%
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  • #10,470
  • Dec 24, 2020 7:26am Dec 24, 2020 7:26am
Quoting ericjschroed
{quote} Thanks to the other people who responded, who said they leave the pending order for the next hour. For TooSlow, since you are asking a question, I don't know if I wasn't clear or if you are telling me that if a setup occurs and is not filled in the same hour, that you cancel the pending and wait for a new daily high or low? Thanks. I know this situation should not occur too often but I have seen it.
Hi Eric,

A good question indeed.

If you strictly go by the rules laid out in post one, you should be able to figure out the answer to your question.

What do the first two rules say?

Cheers, W
  • #10,471
  • Edited 6:46am Dec 28, 2020 3:12am | Edited 6:46am
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Short AU +5 locked +23
  • #10,472
  • Dec 28, 2020 7:04am Dec 28, 2020 7:04am
GU buy +
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  • #10,473
  • Dec 29, 2020 3:42am Dec 29, 2020 3:42am
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Short GJ +5 locked
  • #10,474
  • Dec 30, 2020 12:28am Dec 30, 2020 12:28am
UJ buy + 4.3
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  • #10,475
  • Dec 30, 2020 3:32am Dec 30, 2020 3:32am
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Long CA +5 locked
  • #10,476
  • Dec 30, 2020 8:00am Dec 30, 2020 8:00am
Quoting hal7
{image}Long CA +5 locked
Looks like you took that trade on the open of the 2nd candle after the daily low (not the first per rules). Can you confirm?
  • #10,477
  • Dec 30, 2020 10:52am Dec 30, 2020 10:52am
2267 download the indicator from post 1, and only one shares photos - the other drilling See you in 2021
  • #10,478
  • Dec 30, 2020 7:03pm Dec 30, 2020 7:03pm
Quoting JiveTrader
{quote} Looks like you took that trade on the open of the 2nd candle after the daily low (not the first per rules). Can you confirm?
Sometimes I will post a trade later after I have been in it, sometimes I will enter later.
  • #10,479
  • Dec 31, 2020 7:28am Dec 31, 2020 7:28am
EU buy +5
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  • #10,480
  • Jan 1, 2021 2:48pm Jan 1, 2021 2:48pm
I am new here in this long thread.
Is it correct? With bars, I donīt understand anything.
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