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Highest Open / Lowest Open Trade

In post #1 it is refered to a PDF file which explain everything. You should read it. Here is a copy from the file:


The PREVIOUS DAYS High and Low prices are important, as they indicate a “possible” breakout of price.
REVERSALS FROM BREAKOUTS SHOULD BE TRADED WITH CAUTION.
Remember, you do not want to be standing in the way of a freight train!!!
Read post #1 !! Do it again 10 times before you ask.
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting TooSlow
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Hello TooSlow, doesn't matter there is no M5 open above H1 highest open?
Quoting Milan
{quote} Hello TooSlow, doesn't matter there is no M5 open above H1 highest open?
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Hello TooSlow,

After we follow the rules exactly on 1 pair, should we just trade 1 pair or we can trade more?

Also, we can take trades even if price is above/below yesterdays High/Low?

Thank you.
Quoting TooSlow
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Interesting. I’m using a few confirmations to enter my trades like Divergence, 1hr or 4hr wick zone, retest of an order block, Higher Lows, and previous candles highs. I focus on previous candles highs because if current 1hr candle opens and doesn’t go below previous candles low then I look to take the trade towards previous candles high. I’m a green rat and I like to buy. I’m going to take a look at your instructions and see how I can add them into my trading. I like what I see
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Quoting D1n3r0
{quote} Interesting. I’m using a few confirmations to enter my trades like Divergence, 1hr or 4hr wick zone, retest of an order block, Higher Lows, and previous candles highs. I focus on previous candles highs because if current 1hr candle opens and doesn’t go below previous candles low then I look to take the trade towards previous candles high. I’m a green rat and I like to buy. I’m going to take a look at your instructions and see how I can add them into my trading. I like what I see {image}
Good to meet a fellow alien visitor and especially a good ol' RAT trader.

There is nothing wrong with making a method your own as it is obvious you are doing so well, so long as the newcomers realise that it is crucial to understand the base method in its entirety first, so it becomes second nature.

Only then should they look to add their own spin should they wish.

Keep on posting!
Quoting D1n3r0
{quote} Interesting. I’m using a few confirmations to enter my trades like Divergence, 1hr or 4hr wick zone, retest of an order block, Higher Lows, and previous candles highs. I focus on previous candles highs because if current 1hr candle opens and doesn’t go below previous candles low then I look to take the trade towards previous candles high. I’m a green rat and I like to buy. I’m going to take a look at your instructions and see how I can add them into my trading. I like what I see {image}
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
So 99% of the time I’m looking at the GPS which gives me open_high_low for the day and search for a pair with an average ADR of 90pips and up and look to see which one of those pairs are making new lows for the day and time I find it I’ll stick with that pair until I get my trade set up. These indicators have been in my folder for quite some time but I never understood it and really should of asked Avery with all the times we’ve been on the phone trading. it took me literally 30min to see that what I’m typically doing is the same thing you guys are doing. The high of my wick zone is typically the lowest 1hr open and I like to trade when price is leaving the wick zone. I actually didn’t make this trade which I’m kinda disgusted by but whatever. Good thread!! 2 THUMBS UP!!
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Who is taking the 10 trade challenge the week of January 17, 2021?

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
Who is taking the 10 trade challenge the week of January 24, 2021?

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
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
hi OP, thanks for strategy. Could you please explain a bit more about mindset behind strategy? what is the edge and why is that? thread is too long to read through, sorry if you already did this. i saw you mentioned wicks.
Quoting chenxee
hi OP, thanks for strategy. Could you please explain a bit more about mindset behind strategy? what is the edge and why is that? thread is too long to read through, sorry if you already did this. i saw you mentioned wicks.
Hi Chenxee, the search function might get you what you are looking for without having to wade through the whole thread.

This pretty much sums it up in my opinion though.

W
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Who is taking the 10 trade challenge the week of February 21, 2021?

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
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