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Highest Open / Lowest Open Trade

  • #16,501
  • Jun 7, 2022 10:51am Jun 7, 2022 10:51am
Quoting TooSlow
{quote} Consider exiting at BE+5.
Yes sir..
I'm moving my stops aggressively to BE+1 as soon as price gets to +5.
But I guess the greed monster insides wants a little more. I'm working on it.
I appreciate your guidance.. Thank You.
  • #16,502
  • Jun 7, 2022 10:54am Jun 7, 2022 10:54am
Week of June 5th
10 Trade Challenge GBPUSD.. Trade 6
SL hit -5
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 20 KB
  • #16,503
  • Jun 7, 2022 11:35am Jun 7, 2022 11:35am
Week of June 5th
10 Trade Challenge GBPUSD.. Trade 7
SL hit -3
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 20 KB
  • #16,504
  • Jun 7, 2022 12:14pm Jun 7, 2022 12:14pm
Quoting nonibadsha
Week of June 5th 10 Trade Challenge GBPUSD.. Trade 7 SL hit -3 {image}
You let a winner become a loser. Reason?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,505
  • Jun 7, 2022 12:17pm Jun 7, 2022 12:17pm
Quoting nonibadsha
Week of June 5th 10 Trade Challenge GBPUSD.. Trade 7 SL hit -3 {image}
Price making higher lows means price is going up. Did you see that price failed to break below the level around your BE+4?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,506
  • Jun 7, 2022 12:19pm Jun 7, 2022 12:19pm
Quoting TooSlow
{quote} You let a winner become a loser. Reason?
Price never got to +5, so I did not get a chance to move my stop to BE+1.
  • #16,507
  • Jun 7, 2022 12:20pm Jun 7, 2022 12:20pm
Quoting TooSlow
{quote} Price making higher lows means price is going up. Did you see that price failed to break below the level around your BE+4?
I did see it.. I also thought about closing the trade, but then for some silly reason I did not.. No excuse.
  • #16,508
  • Jun 7, 2022 12:24pm Jun 7, 2022 12:24pm
Week of June 5th
10 Trade Challenge GBPUSD.. Trade 8
BE+5
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 20 KB
  • #16,509
  • Edited 3:17am Jun 8, 2022 2:54am | Edited 3:17am
Week of June 5th
10 Trade Challenge GBPUSD.. Trade 9
SL -3

This was an absolutely pathetic trade. Not sitting on my hands.
I was standing in front of a freight train. No frikin excuses.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 20 KB
Click to Enlarge Name: GBPUSDH1.png Size: 26 KB
  • #16,510
  • Jun 8, 2022 3:17am Jun 8, 2022 3:17am
Week of June 5th
10 Trade Challenge GBPUSD.. Trade 10
SL -4
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 19 KB
  • #16,511
  • Jun 8, 2022 3:24am Jun 8, 2022 3:24am
10 Trade challenge week of 5th June results.

Trade 1 BE +5
Trade 2 TP +11
Trade 3 BE +1
Trade 4 BE +1
Trade 5 BE +1
Trade 6 SL -5
Trade 7 SL -3
Trade 8 BE +5
Trade 9 SL -3
Trade 10 SL -4
Total +9 pips.
  • #16,512
  • Jun 8, 2022 3:35am Jun 8, 2022 3:35am
Quoting nonibadsha
Week of June 5th 10 Trade Challenge GBPUSD.. Trade 10 SL -4 {image}
I am listening to @TooSlow.. But I'm not "listening".
This should not have been a loser. As TooSlow told me, this should have been a BE +5.
  • #16,513
  • Jun 8, 2022 5:37am Jun 8, 2022 5:37am
Quoting nonibadsha
{quote} I am listening to @TooSlow.. But I'm not "listening". This should not have been a loser. As TooSlow told me, this should have been a BE +5.
it is a mistake only if you don't learn from it.
you still have three more days to the end of the week. look for some nice bonus trades and lock your profits whenever you can
  • #16,514
  • Jun 8, 2022 11:10am Jun 8, 2022 11:10am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 30 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,515
  • Jun 8, 2022 11:14am Jun 8, 2022 11:14am
Quoting TooSlow
{image}
Now I know why TS likes this pair
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15-8-6-2022.png Size: 21 KB

Quoting lbtrader
Quoting nonibadsha
Week of June 5th 10 Trade Challenge GBPUSD.. Trade 10 SL -4 {image}
I am listening to @TooSlow.. But I'm not "listening".
This should not have been a loser. As TooSlow told me, this should have been a BE +5.
You're better off ditching the GU and concentrate on this one
  • #16,516
  • Jun 8, 2022 11:19am Jun 8, 2022 11:19am
Quoting PeterCaleb
If I was learning this strategy from start, I would have a H1 chart with daily rollover marked. Day to day separator. From first open price of daily rollover, draw a very steep trend line up and one down. Almost vertical. The only other thing the market can do from there is go sideways til it gets bid down or it gets pushed up. Then mark the 3 days previous biggest highs and lows. NOW, bring in your template for HOLO and now just look. Successful trading is about opportunity seen before during after. Now look at your chart and list ALL the things...
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW2.png Size: 21 KB

Added daily, weekly, and monthly open lines.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,517
  • Jun 8, 2022 11:40am Jun 8, 2022 11:40am
Quoting lbtrader
{quote} Now I know why TS likes this pair {image} {quote} You're better off ditching the GU and concentrate on this one
Not necessarily. The main takeaway is one pair and one method is all that is necessary once you master the trading method to be profitable.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,518
  • Edited 1:24pm Jun 8, 2022 12:22pm | Edited 1:24pm
Quoting TooSlow
{quote} Not necessarily. The main takeaway is one pair and one method is all that is necessary once you master the trading method to be profitable.
That was a joke TS, of course one pair mastered is enough
I should have added another smiley after my advice to ditch the GU
  • #16,519
  • Jun 8, 2022 1:59pm Jun 8, 2022 1:59pm
Quoting TooSlow
{quote} Not necessarily. The main takeaway is one pair and one method is all that is necessary once you master the trading method to be profitable.
Any further tips to improve.
I'm posting all my trades and performance.. I'm guessing you do check them. What do you see? Am I on the right track? Am I right or wrong? Do I just need more practice?
I would be most grateful and appreciate any and all the guidance you can give me. Cheers.
  • #16,520
  • Jun 9, 2022 3:37am Jun 9, 2022 3:37am
Week of June 5th
10 Trade Challenge GBPUSD.. Trade 11
BE +15
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 24 KB
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