Highest Open / Lowest Open Trade | Page 854 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

Highest & Lowest Open/Close Price for a Loop 3 replies

I need to highest and lowest SMA 14 replies

how to get yesterday price highest and lowest 7 replies

highest to lowest volume pairs??? 3 replies

Attachments: Highest Open / Lowest Open Trade
Exit Attachments

Highest Open / Lowest Open Trade

  • #17,061
  • Edited 12:11pm Oct 19, 2022 10:47am | Edited 12:11pm
Quoting rogeryrogery
Thanks for explaination guys, Here is chart shared above for XU trade. Does the entries I lighted as valid entries and I think maybe BE+1 and also is it ok to re-enter if it's BE+1, price come back in zone as this happened again in same chart and then went to profit. {image}
As long as the H1 line is maintained you can enter as many times as you have valid entries. The only thing that changes as in this chart is the daily low which will increase your risk because your SL is greater so need to reduce the lot size accordingly. The M1 TF tends to have a lot of entries, so you should also be prepared to get stopped with BE or worse.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM1-roger.png Size: 19 KB
The vertical lines show how many entries you can get on the same H1 line (yellow line). Note how the daily low cascades lower (red line) increasing your SL as it goes lower.
  • #17,062
  • Oct 19, 2022 10:48am Oct 19, 2022 10:48am
Quoting rogeryrogery
Thanks for explaination guys, Here is chart shared above for XU trade. Does the entries I lighted as valid entries and I think maybe BE+1 and also is it ok to re-enter if it's BE+1, price come back in zone as this happened again in same chart and then went to profit. {image}
For your entries, first two were on the same hour, and went for 1 RR, third entry was on the next hour, it was a loss. Also note the extreme warning: price is below yesterday's low, so it is reasonable to expect some bottoming action. Maybe wait for failures like these before taking trades. Discretion.
1.02^200
  • #17,063
  • Oct 19, 2022 2:33pm Oct 19, 2022 2:33pm
Paper trading AUDUSD Stopped out BE +1
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 2022-10-20 BE +1.png Size: 73 KB
  • #17,064
  • Oct 19, 2022 7:47pm Oct 19, 2022 7:47pm
Paper trading GBPUSD BE +10

All charts open for critique from those with more knowledge than myself (AKA everyone)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 2022-10-20 BE +10.png Size: 63 KB
  • #17,065
  • Oct 19, 2022 7:49pm Oct 19, 2022 7:49pm
Anybody tradr this system & other TooSlow system as well? I think during asian session other system will work better though I havent figured out it yet.
  • #17,066
  • Oct 19, 2022 8:16pm Oct 19, 2022 8:16pm
Paper trading USDCHF - 4.6 (1%)
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF 2022-10-20 - 4.6 (1%) .png Size: 70 KB
  • #17,067
  • Oct 19, 2022 9:43pm Oct 19, 2022 9:43pm
I'm taking on the challenge
Time: October 16 - October 22, 2022
Pair: GBPUSD
Risk: 0.01 lot/trade
-
Trade: 12 / 10 orders
BE = +1 pips
-
Total pips = +50 pips
+18 -22 +0 +5 +20 +5 +1 +1 +5 +1
+15 +1
-
Attached Image (click to enlarge)
Click to Enlarge Name: z3814157198286_9ac249e56665f12db5008fcb9e81c90d.jpg Size: 146 KB
Tanin Coder Founder | 100% FREE Prop Firm EAs | Join Telegram!
  • #17,068
  • Edited 10:40pm Oct 19, 2022 10:16pm | Edited 10:40pm
I'm taking on the challenge
Time: October 16 - October 22, 2022
Pair: GBPUSD
Risk: 0.01 lot/trade
-
Trade: 13 / 10 orders
Lost = -6 pips
The price drop was detrimental to my trade so I decided to exit early, reducing my loss. Waiting for another chance.
-
Total pips = +44 pips
+18 -22 +0 +5 +20 +5 +1 +1 +5 +1
+15 +1 -6
-
Attached Image (click to enlarge)
Click to Enlarge Name: z3814242424691_83ca13b3179b4d351bfc83f6583acdf5.jpg Size: 153 KB
Attached Image (click to enlarge)
Click to Enlarge Name: z3814272220215_fb9cbb21d843e7cd7169b5f102ec4903.jpg Size: 150 KB
Tanin Coder Founder | 100% FREE Prop Firm EAs | Join Telegram!
  • #17,069
  • Oct 19, 2022 10:37pm Oct 19, 2022 10:37pm
Quoting rogeryrogery
Anybody tradr this system & other TooSlow system as well? I think during asian session other system will work better though I havent figured out it yet.
They are similar to a point.....in that they both are looking to trade reversals.

But with the "Trading is as simple as 1-2-3"......you are trading from the 1 hour chart only.....and are not looking at lower time frames for entry triggers.

Hope that helps.
Michael
  • #17,070
  • Oct 19, 2022 11:09pm Oct 19, 2022 11:09pm
Quoting TooSlow
WHERE ARE YOU? As traders, we are all on the same path. Some are taking their first steps.. Some are a little further along than others. Some have reached their goal. Where are you? Do you know where you are on the path? Do you know what you should be working on, right now? Are you working on it? Are you focused or distracted by SHINY OBJECTS? Shiny Object Syndrome (Objectivius Shinium Syndromus) is defined as the attraction to objects that exhibit a glassy, polished, gleaming or otherwise shiny appearance. Something as simple as a reflection in...
Memories
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,071
  • Edited Oct 20, 2022 1:32am Oct 19, 2022 11:16pm | Edited Oct 20, 2022 1:32am
Quoting rogeryrogery
Anybody tradr this system & other TooSlow system as well? I think during asian session other system will work better though I haven't figured out it yet.
you get very nice clean moves almost daily on the JPY pairs during the asian session using the HOLO and 1-2-3, unfortunately I am asleep during that time
Try to think of HOLO and 1-2-3 as complementing each other, sometime a HOLO is a 1-2-3 and vice versa, you get an hourly chance from either or both.
  • #17,072
  • Oct 19, 2022 11:23pm Oct 19, 2022 11:23pm
PAPER TRADING EURUSD - BE +15

I looked away for a minute to help my son with something and it took off, I should have got +20 but my original TP was set at +15 and I didn't get a chance to move it
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 2022-10-20 BE +15.png Size: 54 KB
  • #17,073
  • Oct 19, 2022 11:32pm Oct 19, 2022 11:32pm
I'm taking on the challenge
Time: October 16 - October 22, 2022
Pair: GBPUSD
Risk: 0.01 lot/trade
-
Trade: 14 / 10 orders
Won = +12 pips
-
Total pips = +56 pips
+18 -22 +0 +5 +20 +5 +1 +1 +5 +1
+15 +1 -6 +12
-
I did something else and didn't look at the graph for about 4 minutes.
Tick-tock Tick-tock Tick-tock
Boom
Price increased more than 40 pips.
When I look at the chart, the price is coming back strongly, only 12 pips left. I decided to close the order.
Waiting for a new opportunity.

Attached Image (click to enlarge)
Click to Enlarge Name: z3814511575857_59d3349a70d4bf9020a1ae836fbed474.jpg Size: 166 KB
Tanin Coder Founder | 100% FREE Prop Firm EAs | Join Telegram!
  • #17,074
  • Oct 19, 2022 11:35pm Oct 19, 2022 11:35pm
Quoting den83c
PAPER TRADING EURUSD - BE +15 I looked away for a minute to help my son with something and it took off, I should have got +20 but my original TP was set at +15 and I didn't get a chance to move it {image}
I also have the same situation as you.
However, you are still luckier than me with 15 pips instead of me getting only 12 pips back.
Tanin Coder Founder | 100% FREE Prop Firm EAs | Join Telegram!
  • #17,075
  • Oct 19, 2022 11:42pm Oct 19, 2022 11:42pm
Quoting andy1946
I'm taking on the challenge Time: October 16 - October 22, 2022 Pair: GBPUSD Risk: 0.01 lot/trade - Trade: 14 / 10 orders Won = +12 pips - Total pips = +56 pips +18 -22 +0 +5 +20 +5 +1 +1 +5 +1 +15 +1 -6 +12 - I did something else and didn't look at the graph for about 4 minutes. Tick-tock Tick-tock Tick-tock Boom Price increased more than 40 pips. When I look at the chart, the price is coming back strongly, only 12 pips left. I decided to close the order. Waiting for a new opportunity. {image}
Learn from experience:
Although it's rare for prices to move so strongly like this, but sometime it does happen.
After this time, I will use trailing stop to maximize profit as much as possible.
Tanin Coder Founder | 100% FREE Prop Firm EAs | Join Telegram!
  • #17,076
  • Oct 20, 2022 12:34am Oct 20, 2022 12:34am
Quoting TooSlow
{quote} Memories
I just read this earlier today...... I'm up to page 95 on the thread must have been around there somewhere.

I have to say TooSlow, I'm only very new to this thread but I like many others appreciate the work you have put into it. Just reading what I have so far, feels a lot more like a mentorship than just another FX strategy. The trading psychology advice in the thread alone is pure gold!
  • #17,077
  • Oct 20, 2022 2:55am Oct 20, 2022 2:55am
Hey guys,

Can this be traded within the rules? I see it happen frequently but unsure whether to trade it. It looks to pay off more often than not.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: HOLO USDCHF 1hr.png Size: 55 KB
Click to Enlarge Name: HOLO USDCHF 5 Min.png Size: 60 KB
  • #17,078
  • Oct 20, 2022 3:06am Oct 20, 2022 3:06am
Quoting den83c
Hey guys, Can this be traded within the rules? I see it happen frequently but unsure whether to trade it. It looks to pay off more often than not. {image} {image}
Hi den
WARNING
When price breaks through yesterday's high or low or makes a new high or low today, that is a breakout!
Trade the reversal with caution.

with a new high your AOI has changed and the SL now is further away from the open H1 line, increasing your risk. be careful.
  • #17,079
  • Oct 20, 2022 3:23am Oct 20, 2022 3:23am
Quoting lbtrader
{quote} Hi den WARNING When price breaks through yesterday's high or low or makes a new high or low today, that is a breakout! Trade the reversal with caution. with a new high your AOI has changed and the SL now is further away from the open H1 line, increasing your risk. be careful.
Thanks lbtrader!
You get a lot of liquidity grabs from the previous days high. So reversals from above can be very fruitful!.... but also as TS puts it "you can be on the other end of a freight train" when it keeps going.
Bigger SL isn't so bad, just need to adjust risk to suit.
  • #17,080
  • Oct 20, 2022 4:15am Oct 20, 2022 4:15am
Hello ! How to correctly understand trade breakthrough with caution? How can you enter a trade carefully if every trade is a risk. You either enter on a breakthrough or you don't. Perhaps it is better to look for trading pairs in which there has not yet been a breakthrough and trade them.
17 traders viewing now