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Highest Open / Lowest Open Trade

  • #15,661
  • Mar 25, 2021 12:56pm Mar 25, 2021 12:56pm
Quoting LooseMyMoney
{quote} Understood Once we have space around 10 pips between HI open and current low of the day is way better to wait until PRICE will test low more deepy than in my screen. There is one big BUT. In choppy markets PRICE tends to test open only low or touch it and in this case we will miss the trade. And it is not FOMO it is only observation from my side. Thank you TooSlow
I have pretty hard times this week. Today another 2 SL and 2x BE. Equity going down. FInishing 4th batch of 10 trade challenge. We will see. Looks like this dance will not be for me

Followed all rules. Added rule do not trade against H4 candle break out. Added rule to better test currend daily low so we shall see what will happen

Take care
  • #15,662
  • Mar 25, 2021 1:24pm Mar 25, 2021 1:24pm
Quoting LooseMyMoney
{quote} I have pretty hard times this week. Today another 2 SL and 2x BE. Equity going down. FInishing 4th batch of 10 trade challenge. We will see. Looks like this dance will not be for me Followed all rules. Added rule do not trade against H4 candle break out. Added rule to better test currend daily low so we shall see what will happen Take care
Don't lose faith. It is the one disadvantage of using the ''Only Trade One Pair'' rule of the 10-Trade intro. As you gain experience, master the method, you will be able to branch out to a small group of favourite pairings and so will be able avoid such situations.

For now, stick to the rules, take it on the chin if it doesn't work out and move on to the next one.
  • #15,663
  • Mar 26, 2021 2:13am Mar 26, 2021 2:13am
Quoting lemercenaire
{quote} Don't lose faith. It is the one disadvantage of using the ''Only Trade One Pair'' rule of the 10-Trade intro. As you gain experience, master the method, you will be able to branch out to a small group of favourite pairings and so will be able avoid such situations. For now, stick to the rules, take it on the chin if it doesn't work out and move on to the next one.
Thanks for support Lem. As I said before before I will finish my 100 TRADE challenge and analyze it I will not stop.
  • #15,664
  • Mar 26, 2021 2:14am Mar 26, 2021 2:14am
Quoting lemercenaire
{quote} Don't lose faith. It is the one disadvantage of using the ''Only Trade One Pair'' rule of the 10-Trade intro. As you gain experience, master the method, you will be able to branch out to a small group of favourite pairings and so will be able avoid such situations. For now, stick to the rules, take it on the chin if it doesn't work out and move on to the next one.
As far as I understand you mean. If we master this method, we will avoid breakout pairs. and choose the correct pairs according to the rules?
I also had a single pair trading period and it also gave me lots of SL in a row during a strong market breakout.
  • #15,665
  • Mar 26, 2021 10:29am Mar 26, 2021 10:29am
Quoting Dulof
{quote} As far as I understand you mean. If we master this method, we will avoid breakout pairs. and choose the correct pairs according to the rules? I also had a single pair trading period and it also gave me lots of SL in a row during a strong market breakout.
Thatīs the correct question. If we avoid these trending periods with Breakouts we will be profitable in long term. Right now it is pretty hard for me realtime starring to my charts. It will get better with experience I hope or not.

We will see
  • #15,666
  • Mar 26, 2021 10:33am Mar 26, 2021 10:33am
Good evening,

as a new "follower" I have a begginer question for you : I've noticed that, sometimes, the 5 MIN bars open in our area of interes, but, obviously, on the 15 min timeframe it doesn't, it touches the zone only with the pin of the bar, so, it doesn't trigger the trade. For a beginner, what would you suggest me to do ? Stay on the 15 min timeframe and miss some opportunities ?

Thanks.
  • #15,667
  • Mar 26, 2021 11:01am Mar 26, 2021 11:01am
Quoting NikyL
Good evening, as a new "follower" I have a begginer question for you : I've noticed that, sometimes, the 5 MIN bars open in our area of interes, but, obviously, on the 15 min timeframe it doesn't, it touches the zone only with the pin of the bar, so, it doesn't trigger the trade. For a beginner, what would you suggest me to do ? Stay on the 15 min timeframe and miss some opportunities ? Thanks.
The other side of the coin is the missed losses. You must learn to see both.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,668
  • Mar 28, 2021 12:16pm Mar 28, 2021 12:16pm
Who is taking the 10 trade challenge the week of March 28, 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
  • #15,669
  • Mar 28, 2021 12:20pm Mar 28, 2021 12:20pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,670
  • Mar 29, 2021 9:57am Mar 29, 2021 9:57am
Hello again!

Second trade, entered short even if we were above yesterday daily high .... also, entered late! Moved BE +1 for now.
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  • #15,671
  • Mar 30, 2021 8:08am Mar 30, 2021 8:08am
I am going to practice more with demo trading.
Are you all still trading with your original rules? Are there any good results?
  • #15,672
  • Mar 31, 2021 2:29am Mar 31, 2021 2:29am
Hey guys,
50 trade challenge finished. ANother 50 trades started.

+16 pips today

I am not happy about it. Price hit exactly my trailing stop by 0,1 pip and them moved another 20 pips. This should be the winner of this month. Bad luck or just bad dance? Who knows

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  • #15,673
  • Apr 4, 2021 10:51am Apr 4, 2021 10:51am
Who is taking the 10 trade challenge the week of APRIL 4, 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
  • #15,674
  • Edited 7:17am Apr 5, 2021 5:02am | Edited 7:17am
Quoting LooseMyMoney
{quote} + 6 pips BE + 1 triggered by price retracement, still better than SL {image}

We can open order as many time M15 open in that area?
I mean ,
m15 open in that area : I opened the order and it hit trailing +5
Now in next hour again M15 open in same area, in this case I can open order again?


Quoting TooSlow
Who is taking the 10 trade challenge the week of APRIL 4, 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!
1) I am taking ,as you said only on single pair? But if pair crosses Yestardy high/low then should I find another pair?
2) I have doubt about current day, as per tutorial your current day start @ NY close , my start 2 hrs after NY close , so according to this ur daily high/low will start after NY close & mine will be NY close +2?
  • #15,675
  • Apr 5, 2021 12:08pm Apr 5, 2021 12:08pm
Quoting garid101
But if pair crosses Yestardy high/low then should I find another pair?
No. Stick with the pair you chose.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,676
  • Apr 7, 2021 7:02am Apr 7, 2021 7:02am
Hi guys, hi Tooslow, I started 10 trade challenge on EURUSD with the entry on m1. I intend to take a maximum of 3 entries per day with 0.5% risk, on a live account.
Monday was not such a good day for me, 3 entries, all losers.
-1.46 $ on 05.04

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  • #15,677
  • Apr 7, 2021 7:08am Apr 7, 2021 7:08am
Quoting Booghie
Hi guys, hi Tooslow, I started 10 trade challenge on EURUSD with the entry on m1. I intend to take a maximum of 3 entries per day with 0.5% risk, on a live account. Monday was not such a good day for me, 3 entries, all losers. -1.46 $ on 05.04 {image}
You are not using the tools provided properly.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,678
  • Apr 7, 2021 7:08am Apr 7, 2021 7:08am
The next day, 06.04, I made approximately 2% of my two transactions and closed the platform. 3 loss and 2 wins.
+3.06

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  • #15,679
  • Apr 7, 2021 7:16am Apr 7, 2021 7:16am
The third day, 07.04 the first transaction, a win. 3 loss and 3 wins.
In addition to EA, I also use the smHiLo Open lines indicator, Tooslow. Do you want me to redo the pictures?
+3.39

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  • #15,680
  • Apr 7, 2021 7:22am Apr 7, 2021 7:22am
Quoting Booghie
The third day, 07.04 the first transaction, a win. 3 loss and 3 wins. In addition to EA, I also use the smHiLo Open lines indicator, Tooslow. Do you want me to redo the pictures? +3.39 {image}
When the student comes to learn, the student must clear their mind and follow the teacher. How else can the student learn the lesson? It is only after mastering the lesson the student is allowed to modify the instructions.

Your chart shows whether or not you are here to learn.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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