Disliked{quote} But the current day did not end, correct? If I open D1 chart, the current day is not over, so where do I place the line?Ignored
Here is todays hourly chart for GU. Where do you see the current highest and lower H1?
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Disliked{quote} But the current day did not end, correct? If I open D1 chart, the current day is not over, so where do I place the line?Ignored
DislikedHello, how are you all? I hope everything is well I was just reading the strategy. I am trying to create an EA using this strategy to see the overall performance. I am a bit confused, because I do not know where to place the lines regarding the following statement: "Place a line at the highest H1 open and lowest H1 open for the current day." How does that work? Like the day did not end, so where do I place the lines?Ignored
DislikedI borrowed Wizzlebizzle chart for a knowledge check. Am I thinking the right way? thanks. {image}Ignored
Disliked{quote} The low is good as far as I can tell. Don't know why you are choosing to look at the middle of the chart for the highest open. A bit confusing to look at, but if that would be the "active" candle you marked, you had the highest hourly open on the bar before (the red one). Hope that helpsIgnored
Disliked{quote} yes that’s just for practice purposes , I assume that is the active candle and none of the ones to its right exist when I am in front of my screen. I think that’s a more realistic scenario, we can’t be in front of screens 24 hours a day. I am still trying to understand why you say the highest hourly open is the red bar. I think I get it, it’s the highest open, why I am always thinking of the open of the bar with the highest high. So the red bar opens higher than the active bar in the chart.Ignored
Disliked{quote} But the current day did not end, correct? If I open D1 chart, the current day is not over, so where do I place the line?Ignored
Disliked{quote} If you have looked at TooSlow's 1-2-3 thread, then it is possible you are mixing up the two methods. If so, pick one and stick to it until mastered.Ignored
DislikedHello TS and all, thanks for thread. Read all pages. I´ve started TooSlow 10 trade challenge this week. Followed all rules for now. Trading only EUR/USD.I have decided to give it 100 trades to collect data and decide if this system is profitable for me. Through out all garbage (trendline,S/R, candlesm etc.) out of may head and only following this method. I am mostly shares/crypto investor and this is only hobby for me so far. Right now 3 losses and 3 BE +1 trade for me so I am -2,5% down for now. Keep going "When there is freedom from mechanical...Ignored
Mistakes are always forgivable, if one has the courage to admit them.
– Bruce Lee
Disliked{quote} 10 Trade challenge finnished Weekend analysis P/L change -0,28% (this is caused becuase I put for first loosing trade 5x more lot value that standard so If I make positions size correctly I will be in positive %) pips: +1,2 3 losses 5 Be +1 2 wins hindsights for next week and another 10 trades correct positions sizing 2x lot size and split it into 2 trades, first close at +5 to get more steady curve and second position manage to get multiple RR gain to maximize equity gain Avoid freight trains that caused me 2 loosing trades Also I had to...Ignored
Disliked{quote} To stop LOSING and avoid FREIGHT TRAINS, look for the indicator to warn you when price has broken the previous day's high/low. Do not trade against the H4 candle when price has broken out of those levels.Ignored
Knowing is not enough, we must apply. Willing is not enough, we must do.
– Bruce Lee
Disliked{image} took my first trade, and I guess I messed up with the wrong pair, it just went sideway for almost an hour. out with BE + 0.2 usually by the time I close the position, that's when the price starts to move. :-DIgnored
Disliked{quote} Thank you. I added this into my trading plan. Today ended up with with 1 win and 2 BE+ 1 in total +1,32 % equity gain. Also I have to admit that I am not satisfied with result because in hindsight it should be around 3% according to trade management but PRICE and market does what it does Better BE +1 than loose Knowing is not enough, we must apply. Willing is not enough, we must do. – Bruce LeeIgnored
In the middle of chaos lies opportunity.
– Bruce Lee
DislikedWho is taking the 10 trade challenge the week of March 14, 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!Ignored
Disliked{quote} Hello mate, another 10 trade challenge finished, traded EUR/USD and followed all rules. Applied your thoughts about freight trains and also split position into 2, to get better steady curve Here are results: 3 losses (I have to think about entering between Frankfurt 08:00 a.m. and London open 09:00 a.m., this time is a little bit strange for price and have a lot of PRICE breaks to expand daliy range and this caused my SL this time) 2 BE+1 (nothing to say about it, better BE than loss maybe I moved SL to fast to BE+ but after analysis I thought...Ignored