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Highest Open / Lowest Open Trade

  • #15,961
  • Oct 30, 2021 10:16am Oct 30, 2021 10:16am
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
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,962
  • Nov 1, 2021 6:07am Nov 1, 2021 6:07am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,963
  • Nov 1, 2021 6:24am Nov 1, 2021 6:24am
2 trades for Monday

+16,5 pips

Attached Image (click to enlarge)
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Done for today

Green pips to all.
  • #15,964
  • Nov 1, 2021 6:26am Nov 1, 2021 6:26am
Quoting LooseMyMoney
2 trades for Monday +16,5 pips {image} Done for today Green pips to all.
That's great, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,965
  • Nov 1, 2021 9:55pm Nov 1, 2021 9:55pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,966
  • Nov 2, 2021 7:40am Nov 2, 2021 7:40am
Quoting LooseMyMoney
2 trades for Monday +16,5 pips {image} Done for today Green pips to all.
Bended rules a little bit
+5

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 48 KB


Green pips to all
  • #15,967
  • Nov 4, 2021 2:00am Nov 4, 2021 2:00am
+22, but a bit risky because of prev day high
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  • #15,968
  • Nov 4, 2021 6:17am Nov 4, 2021 6:17am
Fast action on cable
+10 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 32 KB

Green pips to all
  • #15,969
  • Nov 4, 2021 6:41am Nov 4, 2021 6:41am
Where EA to download ?
  • #15,970
  • Nov 4, 2021 7:58am Nov 4, 2021 7:58am
Quoting testzxcvbn1
Where EA to download ?
I wouldn't hold your breath waiting.
  • #15,971
  • Edited 8:28am Nov 5, 2021 7:04am | Edited 8:28am
+10 USD/CAD But RR was not very good because of wide daily low / lower open zone.
+5 EUR/GBP
LOSS USD/JPY
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  • #15,972
  • Nov 6, 2021 10:33am Nov 6, 2021 10:33am
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
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,973
  • Nov 7, 2021 10:59am Nov 7, 2021 10:59am
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?
  • #15,974
  • Nov 10, 2021 1:48am Nov 10, 2021 1:48am
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

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 34 KB
  • #15,975
  • Nov 11, 2021 5:29am Nov 11, 2021 5:29am
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
  • #15,976
  • Nov 12, 2021 5:15am Nov 12, 2021 5:15am
Friday classics

+6 pips

end of the week

Enjoy weekend guys

Green pips

Attached Image (click to enlarge)
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  • #15,977
  • Nov 12, 2021 8:20am Nov 12, 2021 8:20am
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
Attached Image (click to enlarge)
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Wow! I've got some experience to gain.
  • #15,978
  • Nov 12, 2021 4:43pm Nov 12, 2021 4:43pm
Quoting testzxcvbn1
Where EA to download ?
I suggest to avoid talking about EAs on this thread.
Cheers
  • #15,979
  • Nov 12, 2021 9:35pm Nov 12, 2021 9:35pm
Quoting testzxcvbn1
Where EA to download ?
I suggest you read post #1 in entirety.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,980
  • Nov 13, 2021 9:52am Nov 13, 2021 9:52am
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
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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