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Opening price US30

  • #281
  • Mar 17, 2021 5:37pm Mar 17, 2021 5:37pm
Quoting binnie
{image}
you have your opening line way off
  • #282
  • Mar 17, 2021 6:26pm Mar 17, 2021 6:26pm
Quoting ulle73
{quote} you have your opening line way off
Sorry friend, but you are more lost than blind in shooting.

See what I said in # post 277 The high became 33,068, so we placed a pending BUY STOP order above that high.

The method is to place pending orders on the highs and lows that are forming.

Above the opening price, we place pending BUY STOP orders with the Stop loss 20 pips below the opening price.

Below the opening price, we place pending SELL STOP orders with a stop loss 20 pips above the opening price.

The price moves like we're going up and down stairs. The problem is that the operators have no patience and want to take the elevator.

The opening price today was 33.029. We will only sell and look for a SELL STOP when the price crosses below the opening price. As long as the price is above the opening price, we will only look for tops and place BUY STOP.
  • #283
  • Mar 17, 2021 6:43pm Mar 17, 2021 6:43pm
Quoting forex1x8
{quote} Sorry friend, but you are more lost than blind in shooting. See what I said in # post 277 The high became 33,068, so we placed a pending BUY STOP order above that high. The method is to place pending orders on the highs and lows that are forming. Above the opening price, we place pending BUY STOP orders with the Stop loss 20 pips below the opening price. Below the opening price, we place pending SELL STOP orders with a stop loss 20 pips above the opening price. The price moves like we're going up and down stairs. The problem is that the...
forex1x8, I think that ulle73 was quoting Binne's chart lol
  • #284
  • Mar 17, 2021 6:51pm Mar 17, 2021 6:51pm
Quoting scsstnt
{quote} forex1x8, I think that ulle73 was quoting Binne's chart lol
I know that.
I will not answer or comment any more.

I'm just going to put my entries and results.

Very tiring
  • #285
  • Mar 17, 2021 6:53pm Mar 17, 2021 6:53pm
Quoting forex1x8
{quote} I know that. I will not answer or comment any more. I'm just going to put my entries and results. Very tiring
Ok get some rest,you seems you over-worked my friend,take it easy...they just ask more to learn exactly what you do,as its new to everyone.
  • #286
  • Mar 17, 2021 8:06pm Mar 17, 2021 8:06pm
Quoting ulle73
{quote} you have your opening line way off
Hey buddy - I am using AxiTrader MT4 which has a server time of GMT+3. My opening could be different to other brokers for sure. Means too that the candles will form differently. Principal still the same - Buy Stop order above latest High if price is above the open or Sell Stop order below latest Low if price is below the open.
Stoplosses 20 under the low if going LONG or 20 above the high if going SHORT.
The OP has suggested various ways to skin this cat - work out which one suits your style and make it your own.
1. Daily Open 200 move
2. H4 Sail Trade looking for breakout at the 17.00 candle
3. Crate / Stairstep trades where pending orders are placed above or below latest highs & lows with stops of 20 above or below the Opening Price. Target at least 50% of the StopLoss. Use the ADR to tell you where you are during the day and help to see if price has room to travel.

I am not around a chart for the H4 Sail Trade 1700 time frame ( 3am here in NZ ) so that leaves me the Daily Open which I will adjust to suit my style or I can look at the new highs/lows forming throughout the day and place Stop Orders as needed. Thanks to Forex1x8 for the ideas. I have had a look at these strategies on other high volume / fast moving instruments as well and they look promising too. ( Bitcoin / Dax / HangSeng ) Principals are all the same.
  • #287
  • Mar 17, 2021 9:23pm Mar 17, 2021 9:23pm
Using FBS broker,this is the instrument that represents US30
on their platform - YM-21H,M30 TF - Mini Dow Jones Futures
currently - 26% ADR - 131 pips,its early plenty more to come
Attached Image (click to enlarge)
Click to Enlarge Name: d69bd5b702a6ad2f09700d44b304224a.png Size: 64 KB
  • #288
  • Edited 10:09pm Mar 17, 2021 9:36pm | Edited 10:09pm
Quoting scsstnt
Using FBS broker,this is the instrument that represents US30 on their platform - YM-21H,M30 TF - Mini Dow Jones Futures currently - 26% ADR - 131 pips,its early plenty more to come{image}
Nice simple chart mate - easy to read.
Having another go at this one:
Attached Image (click to enlarge)
Click to Enlarge Name: DJ pending order.png Size: 67 KB
Attached Image
  • #289
  • Mar 17, 2021 11:32pm Mar 17, 2021 11:32pm
Quoting forex1x8
They asked me, why at today's BUY STOP 32.920 entrance did I put a TP of just 50 pips? ANSWER : See the highs of the day 15/03 at 32.992 of the day 16/03 at 32.996 Always put my TP before, so I don't have to face this resistance zone, that's why my TP was 32.970 {image}
Adding to your already excellent illustration, the ADR was already at 370 and therefore a good reason to use a TP = +50.
Hercs.
Hercs
  • #290
  • Mar 17, 2021 11:52pm Mar 17, 2021 11:52pm
Quoting binnie
{quote} Hey buddy - I am using AxiTrader MT4 which has a server time of GMT+3. My opening could be different to other brokers for sure. Means too that the candles will form differently. Principal still the same - Buy Stop order above latest High if price is above the open or Sell Stop order below latest Low if price is below the open. Stoplosses 20 under the low if going LONG or 20 above the high if going SHORT. The OP has suggested various ways to skin this cat - work out which one suits your style and make it your own. 1. Daily Open 200 move 2....
G'day mate,

I am in oz and I place mine ar11:30 to 12:00pm and I have had no issues hitting TPs.
Stay green!!!
  • #291
  • Mar 18, 2021 12:12am Mar 18, 2021 12:12am
Quoting Froggy
{quote} G'day mate, I am in oz and I place mine ar11:30 to 12:00pm and I have had no issues hitting TPs.
How's it Froggy - the DJ30 opens here at 11am NZ & there seems to be enough volumes to move 1 direction or the other. looks promising
Send me a private message if you want. Are you looking at other instruments with these set-ups? Cheers.
  • #292
  • Mar 18, 2021 12:19am Mar 18, 2021 12:19am
Quoting binnie
{quote} How's it Froggy - the DJ30 opens here at 11am NZ & there seems to be enough volumes to move 1 direction or the other. looks promising Send me a private message if you want. Are you looking at other instruments with these set-ups? Cheers.
Just running demo on US30 for now and sticking with original forex1x8. Simple enough so far at least on winner every nights. If I stay up to trades I trade the H/L pivots as per rules.

When trading during the day I focus on scalping gold nothing else move much unless news. The AUD did well today
Stay green!!!
  • #293
  • Mar 18, 2021 1:49am Mar 18, 2021 1:49am
Quoting forex1x8
{quote} I know that. I will not answer or comment any more. I'm just going to put my entries and results. Very tiring
stop bering a jerk. I said his daily open line is way off cause it was around 22pm. Said that to help him.
  • #294
  • Mar 18, 2021 3:43am Mar 18, 2021 3:43am
Quoting binnie
{quote} Nice simple chart mate - easy to read. Having another go at this one: {image} {image}
Yes it is very simple,I got 37 pips earlier and went for 1:1 risk reward according to my chart,each broker has shifted price,after initial low of the day broken,SL was 20 pips above OP
  • #295
  • Mar 18, 2021 4:56am Mar 18, 2021 4:56am
2nd entry for today - TP calculated @ 50% of SL
Attached Image (click to enlarge)
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  • #296
  • Mar 18, 2021 5:50am Mar 18, 2021 5:50am
Let's go to work

BUY STOP 33.120
STOP 32.990
TP 33.185


SELL STOP 32.980
STOP 33.050
TP 32.910
Attached Image (click to enlarge)
Click to Enlarge Name: 18-03 BUY STOp e SELL Stop.png Size: 5 KB
  • #297
  • Edited 6:41am Mar 18, 2021 6:29am | Edited 6:41am
Quoting forex1x8
Let's go to work BUY STOP 33.120 STOP 32.990 TP 33.185 SELL STOP 32.980 STOP 33.050 TP 32.910 {image}
Hi, i do not get it. According to what strategy you have placed orders?

daily how/high before 1600 is clear.
buy stop is 100 pips from daily opening.

Green lines is your orders.
Blue lines daily High/low

What i do not understand is, why non of these buy/sell stop fit one of 2 strategies.

Thank you!!

P.S.
It might be H4 candle high low before market open, but then we have different candle heights, because those levels of buy/sell does not fit to my broker H4
Attached Image (click to enlarge)
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No One Ever Went Broke Taking a Profit ...
  • #298
  • Mar 18, 2021 6:40am Mar 18, 2021 6:40am
Quoting WooDex
{quote} Hi, i do not get it. According to what strategy you have placed orders? daily how/high before 1600 is clear. buy stop is 100 pips from daily opening. Green lines is your orders. Blue lines daily High/low What i do not understand is, why non of these buy/sell stop fit one of 2 strategies. Thank you!! {image}
WooDex,you need to calculate the highs and lows right now,place pending orders buy/sell SL as suggested 20 pips below OP when buying and 20 pips above for selling....volume,volatility all present at the moment,this is where ADR shots to maximum on,best time for taking profit
  • #299
  • Mar 18, 2021 6:45am Mar 18, 2021 6:45am
Quoting scsstnt
2nd entry for today - TP calculated @ 50% of SL {image}
At 32 pips in profit,target was 41 ,I will NEVER watch my SL (83 pips) being hit without moving into break even.If I don't do this,I rather sit in a casino all day and gamble.That's why we TRADE,you can change the outcome,reduce risk increase profit before the game is over!
  • #300
  • Mar 18, 2021 6:47am Mar 18, 2021 6:47am
Quoting forex1x8
Let's go to work BUY STOP 33.120 STOP 32.990 TP 33.185 SELL STOP 32.980 STOP 33.050 TP 32.910 {image}
forex1x8 can you share a screenshot showing your chart and how you came up to make those 2 pending orders? Thank you.
Truth is like poetry. And most people f*cking hate poetry.
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