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Highest Open / Lowest Open Trade

  • #16,121
  • Feb 14, 2022 3:42pm Feb 14, 2022 3:42pm
Quoting Ilia3000
Hello everyone! I don't know English well, so I write through a translator. The pictures show two options. What is the correct zone? on 1 or 2 variant? {image}
"Variant" 2 is correct.
On #1, the candle marked as highest open, didn't open there.
Using the provided indicator can take a lot of the guess work out of it.
Wow! I've got some experience to gain.
  • #16,122
  • Feb 14, 2022 4:55pm Feb 14, 2022 4:55pm
Quoting Ilia3000
Hello everyone! I don't know English well, so I write through a translator. The pictures show two options. What is the correct zone? on 1 or 2 variant? {image}
Assuming those are H1 candles, #2 is correct.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,123
  • Feb 14, 2022 9:55pm Feb 14, 2022 9:55pm
Hello to everyone!
Great THANK YOU for your tremendous effort and energy TooSlow for honest and long lasting thread. I like so much your quotes (borrowed from Bruce Lee or whoever ).

I need more time to check and have better insight in your system concerning profitability and do not like to give my opinion publically which is not based on hard evidence. System is easy to follow (when you take grasp of it), with precise rules. Really hope it is as great as I expect to be.

My question to you TooSlow is :" Why did you choose 1H bars as reference point?" I mean, you are looking for Highest (lowest) open H1 bar and then decide to enter a trade on 30 min (or 15min, or 5 min or 1 min bar) when rules are fulfilled. Why H4 are not reference bars and entry points based on H1 or lower bars? Or M30 as reference bars with lower timeframe bars as entry points?

Hope I am clear with question and not overthinking about the system !?

Thank you once more TooSlow!
All the best to all.
  • #16,124
  • Feb 15, 2022 9:09am Feb 15, 2022 9:09am
Hey all,
have not posted for a long time. Still here. Still trading.

I have decided to remove all indicators and trade only H1 line and areas with possible TP, no more indicators for me.

Clear graph means clear view for me.

Just me few cents

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 137 KB

Green pips to all and take care
  • #16,125
  • Feb 15, 2022 9:36am Feb 15, 2022 9:36am
Quoting igivaka
Hello to everyone! Great THANK YOU for your tremendous effort and energy TooSlow for honest and long lasting thread. I like so much your quotes (borrowed from Bruce Lee or whoever ). I need more time to check and have better insight in your system concerning profitability and do not like to give my opinion publically which is not based on hard evidence. System is easy to follow (when you take grasp of it), with precise rules. Really hope it is as great as I expect to be. My question to you TooSlow is :" Why did you choose 1H bars as reference...
Welcome to the thread.

Why H1? H4 bars are broker dependent. H4 bars may start at different hours. But H1 bars start at the same time across all platforms. Look at enough charts with the highest/lowest H1 open plotted and you will see the answer to your question.

Cheers, Mate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,126
  • Feb 15, 2022 10:03am Feb 15, 2022 10:03am
+5 today
1 simple method that has always worked for me
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  • #16,127
  • Edited 8:03am Feb 16, 2022 7:52am | Edited 8:03am
TooSlow and Lawnman thank you very much for your reply!
Today I entered a deal +5
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  • #16,128
  • Edited 9:24am Feb 16, 2022 8:23am | Edited 9:24am
right now closed 5 deals and one 1
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  • #16,129
  • Feb 16, 2022 9:37am Feb 16, 2022 9:37am
Nice work! I'm on that UJ trade also.
Wow! I've got some experience to gain.
  • #16,130
  • Feb 16, 2022 4:04pm Feb 16, 2022 4:04pm
Quoting Ilia3000
right now closed 5 deals and one 1 {image}
Looking again and I see all your trades are UJ.
Anyway, this is the UJ trade I took today. Took 80% at +5 and put a 20 trailer on the remainder. Trailer hit at rollover due to increased spread.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5-2-16-22.png Size: 44 KB
Wow! I've got some experience to gain.
  • #16,131
  • Feb 16, 2022 8:45pm Feb 16, 2022 8:45pm
Quoting Lawnman
{quote} Looking again and I see all your trades are UJ. Anyway, this is the UJ trade I took today. Took 80% at +5 and put a 20 trailer on the remainder. Trailer hit at rollover due to increased spread. {image}
A very cool deal. I didn’t have a signal on the M15, so I didn’t sell (schreenshot 1).

I only have a few questions:
1) what TF is better to use to search for signals (m5, m15)
2) Today there was a breakdown of the low, is it better not to make trades on USDJPY today? (Or does this only apply to buy trades) (schreenshot 2)

P. S. I do not know English. Translated through a translator
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  • #16,132
  • Feb 17, 2022 5:43am Feb 17, 2022 5:43am
Quoting Ilia3000
{quote} A very cool deal. I didn’t have a signal on the M15, so I didn’t sell (schreenshot 1). I only have a few questions: 1) what TF is better to use to search for signals (m5, m15) 2) Today there was a breakdown of the low, is it better not to make trades on USDJPY today? (Or does this only apply to buy trades) (schreenshot 2) P. S. I do not know English. Translated through a translator {image} {image}
1) I couldn't say which TF is better, but I use M5. I've been thinking about using M15 when I'm out working.
2) I believe TooSlow cautions newer users of the method trading in breakout conditions.
Wow! I've got some experience to gain.
  • #16,133
  • Feb 17, 2022 3:20pm Feb 17, 2022 3:20pm
Quoting TooSlow
{quote} Ten paciencia, amigo. Es un poco temprano para operar reversiones.
Hello, what GMT hours would you think is a good time to start a reversal search?
  • #16,134
  • Feb 17, 2022 9:11pm Feb 17, 2022 9:11pm
Quoting luisfi
{quote} Hello, what GMT hours would you think is a good time to start a reversal search?
Time of day isn't a factor, to me. Price ranges, so look for range ( high - low) to be near or exceed the average daily range or daily average true range. Of course, you can take your chances before that level is reached.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,135
  • Edited 9:27pm Feb 18, 2022 9:02pm | Edited 9:27pm
buy entry from prev. sess low at NY. open (13:30GMT)
LOW IMPACT NEWS EVENT TIMES OFFERED DISCOUNTS

CHART MARK UPS:
BLUE LINE>PREV. DAYS OPEN
MAGENTA LINE> PREV. DAY CLOSE
ORANGE/RED LINE>PREV. DAYS HIGH/LOW
GOLD LINES> "00" QUARTER LEVELS
AQUA LINES> 25/75 QUARTER LEVELS
"
Attached Image (click to enlarge)
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"TIME AND PRICE IS ALL THERE IS"
  • #16,136
  • Feb 19, 2022 10:29am Feb 19, 2022 10:29am
Who is taking the 10 trade challenge the week of February 20, 2022?

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, High
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,137
  • Feb 21, 2022 1:40am Feb 21, 2022 1:40am
Quoting TooSlow
{image}
I downloaded the 28 giraia strength please what is the trick in the settings I want it to display Daily direction on 15minutes chart just like your chart.Thanks
  • #16,138
  • Feb 21, 2022 5:54am Feb 21, 2022 5:54am
Quoting TooSlow
{quote} {image} #advancedalientrading
What does the mark on this picture mean? Thank you
Can you share your template? Thank you
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  • #16,139
  • Feb 21, 2022 10:44am Feb 21, 2022 10:44am
Quoting FX6588
{quote} What does the mark on this picture mean? Thank you Can you share your template? Thank you {image}
What mark? Unless you have the #advancedalientrading indicators my template won't help you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,140
  • Feb 21, 2022 10:44am Feb 21, 2022 10:44am
Quoting Slingshots1
{quote} I downloaded the 28 giraia strength please what is the trick in the settings I want it to display Daily direction on 15minutes chart just like your chart.Thanks
Unless you have the #advancedalientrading indicators my template won't help you. The version of 28 giraia strength I have is modified. You don't need that indicator for this method.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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