Highest Open / Lowest Open Trade

Who is taking the 10 trade challenge the week of OCTOBER 31, 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

2 trades for Monday

+16,5 pips


Done for today

Green pips to all.

That's great, Mate. Cheers!

Bended rules a little bit
+5



Green pips to all

+22, but a bit risky because of prev day high

Fast action on cable
+10 pips


Green pips to all

Where EA to download ?

I wouldn't hold your breath waiting.

+10 USD/CAD But RR was not very good because of wide daily low / lower open zone.
+5 EUR/GBP
LOSS USD/JPY

Who is taking the 10 trade challenge the week of NOVEMBER 7, 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

I have a question about entering in buy trade.
We have the rule
RULE.....NO late entry. NOT EVEN 1 Pip.

So my question is do we have to open buy when ASK price crosses lowest h1 open? Or we have to set buy stop order at lowest h1 open plus spread (which is floating by the way). In this case we enter when BID price crosses lowest h1 open, but this will be “late entry”

Please clarify when to enter buy. By BID or by ASK price?

Mistakes were made.
Messed up with first entry (only half position) I was in hurry and did not see previous D1 Low.... but patience and correct SL paid off this time. Entered again at lower H1 open and baked pips on both positions

+5 pips
+8,5 pips

Lesson learnt. Check more carefully graph before enter and do not enter positions in hurry!

Green pips to all

Michael G - Post # 2718 - "The second type is the breakouts we regularly see when trading this strategy. That is, where consecutive H1 candles, make new daily highs(TODAYS HIGH). As soon as price takes out the previous daily high, it is considered a breakout, and a reversal trade should be traded with caution"

Not very clear what you mean. The second type breakouts where consecutive H1 candles make new daily highs. Are you saying after exceeding yesterdays high/low, the consecutive H1 candles make new daily highs?That would clarify the condition. Your posts were excellent.

Without exceeding yesterdays high/low, consecutive H1 candles make daily high/low becomes ambiguous to be considered as breakouts/breakdowns as it is intraday action.

Just a small clarification. Please confirm. Thanks, Sam

Friday classics

+6 pips

end of the week

Enjoy weekend guys

Green pips

I took this HOLO trade this AM while looking for a 1-2-3. At the time of my entry the highest open was the red horizontal line. Took 80% at +5 and left my stop in place with a 20 trailer on.

UC short +5, +25

I suggest to avoid talking about EAs on this thread.
Cheers

I suggest you read post #1 in entirety.

Who is taking the 10 trade challenge the week of NOVEMBER 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!

PLEASE READ ALL OF POST #1