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Highest Open / Lowest Open Trade

  • #16,721
  • Jun 21, 2022 9:03am Jun 21, 2022 9:03am
trade 44

win 11.8 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379369542_open.jpg Size: 34 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379369542_close.jpg Size: 34 KB
  • #16,722
  • Jun 21, 2022 9:04am Jun 21, 2022 9:04am
trade 45

win 1 pip
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379465073_open.jpg Size: 34 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379465073_close.jpg Size: 34 KB
  • #16,723
  • Jun 21, 2022 9:05am Jun 21, 2022 9:05am
trade 46

win 8.6 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379467638_open.jpg Size: 34 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379467638_close.jpg Size: 35 KB
  • #16,724
  • Jun 21, 2022 9:06am Jun 21, 2022 9:06am
trade 47

win 1 pip
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379477472_open.jpg Size: 37 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379477472_close.jpg Size: 37 KB
  • #16,725
  • Jun 21, 2022 9:07am Jun 21, 2022 9:07am
trade 48

win 6.4 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379480517_open.jpg Size: 37 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379480517_close.jpg Size: 35 KB
  • #16,726
  • Jun 21, 2022 9:07am Jun 21, 2022 9:07am
trade 49

win 6 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379492359_open.jpg Size: 32 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379492359_close.jpg Size: 32 KB
  • #16,727
  • Jun 21, 2022 9:08am Jun 21, 2022 9:08am
trade 50

loss 7.8 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379505823_open.jpg Size: 34 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379505823_close.jpg Size: 34 KB
  • #16,728
  • Jun 21, 2022 9:08am Jun 21, 2022 9:08am
trade 51

loss 7.8 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379508864_open.jpg Size: 32 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379508864_close.jpg Size: 33 KB
  • #16,729
  • Jun 21, 2022 9:09am Jun 21, 2022 9:09am
trade 52

loss 12.7 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379511552_open.jpg Size: 35 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379511552_close.jpg Size: 37 KB
  • #16,730
  • Jun 21, 2022 9:09am Jun 21, 2022 9:09am
trade 53

loss 19.8 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379536058_open.jpg Size: 34 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379536058_close.jpg Size: 32 KB
  • #16,731
  • Jun 21, 2022 9:41am Jun 21, 2022 9:41am
Another USDJPY attempt that resulted in BE
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
  • #16,732
  • Jun 21, 2022 10:52am Jun 21, 2022 10:52am
GBPAUD TS +22
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 20 KB
  • #16,733
  • Jun 21, 2022 4:20pm Jun 21, 2022 4:20pm
Quoting TheZenienss
trade 53 loss 19.8 pips {image} {image}
What are you learning when you exit with a loss?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,734
  • Jun 21, 2022 7:24pm Jun 21, 2022 7:24pm
Quoting TooSlow
{quote} What are you learning when you exit with a loss?
it has a bad risk:reward ?

  • #16,735
  • Jun 21, 2022 7:29pm Jun 21, 2022 7:29pm
trade 54

win 1 pip
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379656204_open.jpg Size: 35 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379656204_close.jpg Size: 36 KB
  • #16,736
  • Jun 21, 2022 7:30pm Jun 21, 2022 7:30pm
trade 55

loss 14.7 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379657694_open.jpg Size: 38 KB
Click to Enlarge Name: Screenshot_46587_USDJPY_M1_379657694_close.jpg Size: 38 KB
  • #16,737
  • Jun 21, 2022 7:48pm Jun 21, 2022 7:48pm
Quoting TheZenienss
trade 55 loss 14.7 pips {image} {image}
Even though you have a stop in place at 14 pips. Does not mean you need to wait for it to be hit. After your entry when the candle turned red, get out and take a smaller loss. As you are aware, you will get many more opportunities to take another trade.
  • #16,738
  • Jun 21, 2022 8:16pm Jun 21, 2022 8:16pm
Quoting TheZenienss
trade 55 loss 14.7 pips {image} {image}


yeaaaah uuum, I'd be looking at above and below momentum on H1 or 30min before trying to use 1m charts. Maybe stay with 5min til you see and understand what's happening before you just jump in. And I'd try getting in behind the open level on the period, whatever period, In real life, that is where you start because that is where the layers' orders fill from. Look at your pic 1. ... at the very least you have in your view a BIG red interval then a green red green. Now look at the backside of them. Those wicks/spikes etc are people in or out........ orders in or out ......... = order fill opportunity. Now have a look around the chart and see, using a left hand side trend line as it goes up or down, what the backside of the intervals do as it breaks and moves down or up in a reversal fashion. In this scenario, strategy means little because in real life you need to get best/good price position to "see" where and how your orders will get filled and the trajectory of it all happening.

And a question please - why are you trying to trade a breakout on a 1min chart? 1 min is for pinch trades not breakouts. The spread will kill you. A pinch trade is where you take advantage of a "bigger move" to settle in on a smaller definitive outcome/profit. Eg. 20p move for a 5p profit. That is defined in distance moved not accumulated pips.

And lastly, I'm sorry but a 1pip BE is not going to cut it. I don't know how many people wish to trade real markets here but 1pip BE is a loss in real terms. Transactional costs + equipment operation and or maintenance + utilities expenditure + money for your time to even DO the activity called trading.

I am curious now, to see how many people here will "start ignoring me" or want to spit on me for saying these things. These things that are part of real life.


Peter
Real Trading is not gambling.
  • #16,739
  • Jun 21, 2022 9:41pm Jun 21, 2022 9:41pm
Quoting PeterCaleb
{quote} yeaaaah uuum, I'd be looking at above and below momentum on H1 or 30min before trying to use 1m charts. Maybe stay with 5min til you see and understand what's happening before you just jump in. And I'd try getting in behind the open level on the period, whatever period, In real life, that is where you start because that is where the layers' orders fill from. Look at your pic 1. ... at the very least you have in your view a BIG red interval then a green red green. Now look at the backside of them. Those wicks/spikes etc are people in or out...........
This post is in the spirit of helping traders improve. Keep posting like this, Mate. CHEERS!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,740
  • Jun 21, 2022 9:49pm Jun 21, 2022 9:49pm
Quoting TheZenienss
trade 55 loss 14.7 pips {image} {image}
Look at the second chart. The bottom of the big red candle was tested twice and broken on the third push down. Cut your loss there. Price failed to return to the open of the big red candle. That is clue #2 price isn't going up.

Did you adhere to Rule #3?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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