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Highest Open / Lowest Open Trade

  • #15,881
  • Oct 4, 2021 10:01am Oct 4, 2021 10:01am
+2
+5
+7,6

Not bragging only showing that method still working.
End for today

Green pips to all!

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  • #15,882
  • Oct 5, 2021 2:35am Oct 5, 2021 2:35am
5.TP
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  • #15,883
  • Oct 5, 2021 8:28am Oct 5, 2021 8:28am
Quoting LooseMyMoney
+2 +5 +7,6 Not bragging only showing that method still working. End for today Green pips to all! {image}{image} {image}
+21 pips on cable
only 1 trade for today and done

Green pips to all!

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  • #15,884
  • Oct 5, 2021 9:06am Oct 5, 2021 9:06am
Quoting LooseMyMoney
{quote} +21 pips on cable only 1 trade for today and done Green pips to all! {image}
What have you learned?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,885
  • Oct 5, 2021 11:48am Oct 5, 2021 11:48am
6.BE
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  • #15,886
  • Oct 5, 2021 12:40pm Oct 5, 2021 12:40pm
7. SL
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  • #15,887
  • Oct 6, 2021 4:32am Oct 6, 2021 4:32am
Quoting TooSlow
{quote} What have you learned?
Price tested yesterday highs and failed to break.
Because of large gap between H1 open and today´s high I waited until proper test will come in place that is why I did not enter after NY open and wait. Then PRICE moved up proper tested, failed to make new high and sharpely crossed entry point. Closed full position just under daily open once momentum lost power and price stopped moving out. As we could check in historical graph it was right decision after that price moved back to H1 open so profit will be lost.

Patience paid of again.

Hope it helps to someone.

Today is trending day so I am out of market waiting for my time
  • #15,888
  • Oct 6, 2021 5:14am Oct 6, 2021 5:14am
Quoting Booghie
7. SL {image}
Do the rules say to use M1 candles?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,889
  • Oct 6, 2021 9:35am Oct 6, 2021 9:35am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,890
  • Oct 6, 2021 10:51am Oct 6, 2021 10:51am
Hello, sorry for not using your template. I just want to know that this trade is correct. I know the price has dropped a lot more...
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  • #15,891
  • Oct 6, 2021 4:53pm Oct 6, 2021 4:53pm
Quoting Garrus
Hello, sorry for not using your template. I just want to know that this trade is correct. I know the price has dropped a lot more... {image}
Almost correct, per the rules you should enter one candle earlier - it opened above HighestOpen and crossed this line. We do not wait for closing the bar.
  • #15,892
  • Oct 7, 2021 6:16am Oct 7, 2021 6:16am
Quoting skoras
{quote} Almost correct, per the rules you should enter one candle earlier - it opened above HighestOpen and crossed this line. We do not wait for closing the bar.
Thank You
  • #15,893
  • Oct 7, 2021 8:40am Oct 7, 2021 8:40am
Quoting Garrus
Hello, sorry for not using your template. I just want to know that this trade is correct. I know the price has dropped a lot more... {image}
The other traders are correct that the first entry was one bar ago. Your entry is valid. And the bar after your entry would have provided a third valid entry. Good job, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,894
  • Oct 7, 2021 9:17am Oct 7, 2021 9:17am
Quoting TooSlow
{quote} The other traders are correct that the first entry was one bar ago. Your entry is valid. And the bar after your entry would have provided a third valid entry. Good job, Mate. Cheers!
Thanks Man, it took me a long time to understand this strategy. And today on USDCAD we had another sell trade with good profit.
  • #15,895
  • Oct 7, 2021 1:15pm Oct 7, 2021 1:15pm
Greetings to all.
My 1st post in this thread,
2 trades in NZDUSD today.
1st trade, +7.3 pips
2nd trade, running at +5.6 pips (BE)
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Cheers
Ahmad Hassan
  • #15,896
  • Oct 7, 2021 1:54pm Oct 7, 2021 1:54pm
Quoting AhmadHassan6
Greetings to all. My 1st post in this thread, 2 trades in NZDUSD today. 1st trade, +7.3 pips 2nd trade, running at +5.6 pips (BE) {image}Cheers
Running one is also closed in two parts
1st Part at +5.8 pips
2nd Part at +8.2 pips
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Good Night Mates
Ahmad Hassan
  • #15,897
  • Oct 8, 2021 12:06am Oct 8, 2021 12:06am
Quoting Garrus
{quote} Thanks Man, it took me a long time to understand this strategy. And today on USDCAD we had another sell trade with good profit.
Please explain the method in your own words so others may benefit. Thanks, Mate. CHEERS!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,898
  • Oct 8, 2021 7:24am Oct 8, 2021 7:24am
Hi Traders,
Here, I want to know, "Is this entry according to rules?" As, the current H1 candle just made a new LOW of the Day.
Can I take the entry here or should I wait for next hour's candle to start?
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Thanks
Ahmad Hassan
  • #15,899
  • Oct 8, 2021 9:44am Oct 8, 2021 9:44am
Quoting AhmadHassan6
Hi Traders, Here, I want to know, "Is this entry according to rules?" As, the current H1 candle just made a new LOW of the Day. Can I take the entry here or should I wait for next hour's candle to start? {image}Thanks
Read the Rule number 1. On top of this price is below yesterday low so trade with extreme caution.

Edit.
And 15 minutes before NFP.
  • #15,900
  • Oct 8, 2021 12:00pm Oct 8, 2021 12:00pm
Quoting skoras
{quote} Read the Rule number 1. On top of this price is below yesterday low so trade with extreme caution. Edit. And 15 minutes before NFP.
Alright,
Let us say that if there is no break of yesterday's low, Price just make the low of today.
What should I do?
Ahmad Hassan
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