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Highest Open / Lowest Open Trade

  • #15,721
  • Apr 24, 2021 10:31am Apr 24, 2021 10:31am
Who is taking the 10 trade challenge the week of APRIL 25, 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!

PLEASE READ ALL OF POST #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,722
  • Apr 26, 2021 1:27am Apr 26, 2021 1:27am
Attached Image (click to enlarge)
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EU +5 locked
  • #15,723
  • Apr 27, 2021 8:19am Apr 27, 2021 8:19am
short EU, closed at BE1
Attached Image (click to enlarge)
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  • #15,724
  • May 2, 2021 4:44pm May 2, 2021 4:44pm
Who is taking the 10 trade challenge the week of MAY 2, 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!

PLEASE READ ALL OF POST #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,725
  • May 3, 2021 10:17am May 3, 2021 10:17am
short EU, 5 pips locked
Attached Image (click to enlarge)
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  • #15,726
  • May 5, 2021 4:48am May 5, 2021 4:48am
long EU. Closed at BE+1.
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  • #15,727
  • May 5, 2021 4:54am May 5, 2021 4:54am
Quoting skoras
long EU. Closed at BE+1. {image}
Still better than loss. I closed for +4,5 and rest is running.

Trade safe

Attached Image (click to enlarge)
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  • #15,728
  • May 5, 2021 5:13am May 5, 2021 5:13am
Quoting LooseMyMoney
{quote} Still better than loss. I closed for +4,5 and rest is running. Trade safe {image}
And closed second part near daily open for total +20 pips gain

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  • #15,729
  • May 5, 2021 7:40am May 5, 2021 7:40am
Quoting LooseMyMoney
{quote} And closed second part near daily open for total +20 pips gain {image}
and + 11 pips in one batch for pound and call it a day!

Trade safe

Attached Image (click to enlarge)
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  • #15,730
  • May 5, 2021 10:08am May 5, 2021 10:08am
Quoting LooseMyMoney
{quote} and + 11 pips in one batch for pound and call it a day! Trade safe {image}
Very well done!

Please describe what you do, in your own words, so others may learn. Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,731
  • May 6, 2021 1:35am May 6, 2021 1:35am
Quoting TooSlow
{quote} Very well done! Please describe what you do, in your own words, so others may learn. Cheers.
Well. It is hard to explain. After my 100 trade challenge was done with NEUTRAL results so it means that ended up around 0% equity gain I realised that I was hurry into trades. I did not wait properly and jump under gun once price was not ready to reverse and it cause me a lot of SL. Firstly I thought it was FOMO (Fear of missing out) but aftertime it was just my nature to do many things fast. Timing is together with money and trade management the most important aspect in this strategy.

Avoiding these hurry entries and waiting for proper one like this one should provide me better results.

About trade you mentioned I put notes into chart so it shows better picture.

Attached Image (click to enlarge)
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  • #15,732
  • May 6, 2021 7:48am May 6, 2021 7:48am
Quoting LooseMyMoney
{quote} Well. It is hard to explain. After my 100 trade challenge was done with NEUTRAL results so it means that ended up around 0% equity gain I realised that I was hurry into trades. I did not wait properly and jump under gun once price was not ready to reverse and it cause me a lot of SL. Firstly I thought it was FOMO (Fear of missing out) but aftertime it was just my nature to do many things fast. Timing is together with money and trade management the most important aspect in this strategy. Avoiding these hurry entries and waiting for proper...
Your sharing is appreciated, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,733
  • May 6, 2021 8:35am May 6, 2021 8:35am
Quoting LooseMyMoney
{quote} About trade you mentioned I put notes into chart so it shows better picture. {image}
I hit 2 times freight train on EU today. Lesson learned - no trade on 4h candle previus day high/low breakout.

Anyway I already completed another 12 trades on EU. In summary 3 SL (2 of them just today), 5 BE, 4 Won. Total +22 pips.

I was thinking to add second pair to trade from next Monday, but will stay with EU only bit longer. No hurry.
  • #15,734
  • May 6, 2021 10:04am May 6, 2021 10:04am
Quoting skoras
{quote} I hit 2 times freight train on EU today. Lesson learned - no trade on 4h candle previus day high/low breakout. Anyway I already completed another 12 trades on EU. In summary 3 SL (2 of them just today), 5 BE, 4 Won. Total +22 pips. I was thinking to add second pair to trade from next Monday, but will stay with EU only bit longer. No hurry.
Yes today was patience needed,avoid trading when H4 bar break previous day H/L will protect from some SL for sure

H4 showed clues that up move might get some retrace

I got +2,5 and +6 pips banked and finished for today.

Trade safe

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  • #15,735
  • May 7, 2021 4:21am May 7, 2021 4:21am
Quoting LooseMyMoney
{quote} Yes today was patience needed,avoid trading when H4 bar break previous day H/L will protect from some SL for sure H4 showed clues that up move might get some retrace I got +2,5 and +6 pips banked and finished for today. Trade safe {image}
Another pound Friday, +10,5 pips banked as EUR trending hard these days moved to pound was good move in hindsight and I am done for this week

This week ended up in green numbers
12 profit trades
2 BE
6 loss trades

Attached Image (click to enlarge)
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Trade safe and green pips to all
  • #15,736
  • May 7, 2021 12:49pm May 7, 2021 12:49pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,737
  • May 9, 2021 9:33am May 9, 2021 9:33am
Who is taking the 10 trade challenge the week of MAY 9, 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!

PLEASE READ ALL OF POST #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,738
  • May 10, 2021 8:11am May 10, 2021 8:11am
EU short, +5pips locked.
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  • #15,739
  • May 11, 2021 2:55am May 11, 2021 2:55am
One trade from this morning, bended rulers a little bit, PRICE rejected yesterday daily low and with good momentum shot straight through the H1 lowest open.

+11 pips

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Attached Image

Trade safe
  • #15,740
  • May 11, 2021 3:39am May 11, 2021 3:39am
this time with -7 pips on short EU
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