Highest Open / Lowest Open Trade | Page 861 | 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

  • #17,201
  • Jan 7, 2023 10:58am Jan 7, 2023 10:58am
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION

dear all friends, I read many comments from this threads and still have question about time to trade.

As I understand, from https://www.forexfactory.com/thread/...58#post9007658 (Thanks for MichaelG)
Please anyone confirm step as below that I'm understand correctly or not.

Rules of SELL Trade
1) try to trade if today price is between "High Yesterday and Low Yesterday", If yes, go to 2)
2) trade when we found area of interest between "1H highest with High today", If yes, go to 3)
3) trade in lower TF such as 15min, 5 min that if it open price in "area of interest", wait price come back to lastest 1H highest, open sell trade, SL at high today,

Buy trade is opposite way with Sell.

I just try to trade with UJ sell and ACAD sell last friday and it 's SL because graph come back to create new High today.
Can anyone suggest me a question like below;
Q1 : Do we have to care about GMT time? such as I'm in GMT+7 Thailand (Use IC market GMT+3) how about effect of that?
Q2 : Do we have to care market session open? I want to trade only GBPUSD for the first currecies, Do i have to wait until London session open and start trading?

Thanks in adv
  • #17,202
  • Jan 10, 2023 9:39am Jan 10, 2023 9:39am
Hello
Trade 7 - be +1
Trade 8 - -6
Trade 9 - +5
  • #17,203
  • Jan 11, 2023 2:28am Jan 11, 2023 2:28am
Hello
Trade #10 - +1
Accumulated +55 points from 10 trades
Thanks to the author for a good strategy !!!
In my opinion, it is better to look for trades with a stop loss of no more than 10 points, then there is a good chance to take a profitable profit factor.
  • #17,204
  • Jan 11, 2023 8:01pm Jan 11, 2023 8:01pm
Quoting OlehTrader
Hello Trade #10 - +1 Accumulated +55 points from 10 trades Thanks to the author for a good strategy !!! In my opinion, it is better to look for trades with a stop loss of no more than 10 points, then there is a good chance to take a profitable profit factor.
Olehtrader,
Can you share what time you trade and currency?
I just tested with GU on Monday 9th Jan2023 and SL 4 trades consecutive loss, but it's breakout previous Day, I will test more.
  • #17,205
  • Jan 11, 2023 9:42pm Jan 11, 2023 9:42pm
Took +3
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-m5-eightcap-pty-ltd.png Size: 19 KB
  • #17,206
  • Jan 12, 2023 12:11am Jan 12, 2023 12:11am
Quoting golfberserk
{quote} Olehtrader, чи можете ви повідомити, у який час ви торгуєте та яку валюту? Я щойно тестував GU у понеділок,...
I trade EUR-USD !
Trading time : 9:00 - 18:00 GMT +2
  • #17,207
  • Jan 12, 2023 1:20am Jan 12, 2023 1:20am
Can anyone suggest me how to trade like this
Now, My time is 14:15 HR (GMT+7 from Thailand)
If you see on my pic chart, around 10.00 HR from my time, I try to trade 1 trade GU SELL
1) Today high < Yesterday high then Goto 2)
2) price 15min open in Area of interest (H1 @ 10.00hr + Today High) then Goto 3)
3) Open sell limit @ lasted h1 price (10.00hr) and SL @ today high

Result is SL.

My last post, I also have SL 3-4 trades consecutive loss.

Can anyone suggest me ?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 82 KB
  • #17,208
  • Jan 12, 2023 9:40am Jan 12, 2023 9:40am
Quoting golfberserk
Хтось може підказати мені, як торгувати таким чином. Зараз мій час 14:15 HR (GMT+7 з Таїланду). Якщо ви бачите...
Read the strategy rules carefully (rule #1)
Show me your area of interest with a rectangle (h1)
  • #17,209
  • Jan 12, 2023 5:34pm Jan 12, 2023 5:34pm
Quoting OlehTrader
{quote} Read the strategy rules carefully (rule #1) Show me your area of interest with a rectangle (h1)
Dear OlehTrader,
Please see my new pic, around 10.00hr of 12Jan2023, I see area of interest from Tooslow indicator,
Step 1 >>> I waited until price drop to 1.21635 in tf 15min (it's price @ h1 open highest at that time).
Step 2 >>> I sell stop at that price and price go down a little and rise up to SL (Create new today high)

Sorry for my last picture, I capture from real chart, So area of interest was changed by chart.

Please suggest me.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 85 KB
  • #17,210
  • Jan 13, 2023 1:17am Jan 13, 2023 1:17am
+5
Attached Image (click to enlarge)
Click to Enlarge Name: евро трейд.png Size: 16 KB
  • #17,211
  • Jan 13, 2023 1:52am Jan 13, 2023 1:52am
Quoting golfberserk
{quote} Шановний OlehTrader, будь ласка, подивіться моє нове фото, близько 10:00 12 січня 2023 року, я бачу область інтересу...
Hello
There was a breakthrough
You need to wait for the closing of the next hour and a new area of interest
The pound is better to trade after the opening of the London session
Attached Image (click to enlarge)
Click to Enlarge Name: Пояснення на форум.png Size: 21 KB
  • #17,212
  • Jan 13, 2023 1:56am Jan 13, 2023 1:56am
Quoting golfberserk
{quote} Шановний OlehTrader, будь ласка, подивіться моє нове фото, близько 10:00 12 січня 2023 року, я бачу область інтересу...
Rule number 1
Attached Image (click to enlarge)
Click to Enlarge Name: пояснення форум.png Size: 68 KB
  • #17,213
  • Jan 13, 2023 2:05am Jan 13, 2023 2:05am
+5
Attached Image (click to enlarge)
Click to Enlarge Name: евро тре.png Size: 8 KB
  • #17,214
  • Jan 13, 2023 2:06am Jan 13, 2023 2:06am
Hello evreyone, happy to be and really sorry to ask this question. Please, is this strategy still working till now? Thank you very much...
  • #17,215
  • Jan 13, 2023 2:19am Jan 13, 2023 2:19am
Quoting Homamiadana
Вітаю, усі! Дуже приємно ставити це запитання. Будь ласка, чи працює ця стратегія досі? Дуже дякую...
Try the demo. You will see for yourself
  • #17,216
  • Jan 13, 2023 5:10am Jan 13, 2023 5:10am
Quoting OlehTrader
{quote} Rule number 1 {image}
Dear OlehTrader again,

You mean rule 1) If that bars (H1,m15,m5) create new high/low of day, we don't trade that bars, and wait to revisit again, am I correct?

please see my pic from my understanding
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 77 KB
  • #17,217
  • Jan 13, 2023 6:34am Jan 13, 2023 6:34am
the rules by tooslow are very simple and straight forward, even the indicators show the levels where to sell or buy,
don't make your own weird assumptions and interpretations and get confused!

kind regards.
Muni loves you all!
  • #17,218
  • Jan 13, 2023 9:16am Jan 13, 2023 9:16am
Quoting golfberserk
{quote} Знову шановний OlehTrader! Ви маєте на увазі правило 1) Якщо ці бари (H1,m15,m5) створюють новий максимум/мінімум...
It seems right.
Entry order when the price opened in the area of interest at m5, m15, m30 after closing bar 6.
The main thing is that these bars do not break through to the maximum of the day
  • #17,219
  • Jan 14, 2023 11:29am Jan 14, 2023 11:29am
Who is taking the 10 trade challenge the week of January 15, 2023?


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
  • #17,220
  • Jan 17, 2023 5:31pm Jan 17, 2023 5:31pm
+32

Near end of session and a lot of congestion above made me take profit.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM51172023.png Size: 18 KB
5 traders viewing now