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Highest Open / Lowest Open Trade

  • #17,321
  • Apr 13, 2023 7:14am Apr 13, 2023 7:14am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,322
  • Apr 14, 2023 10:48pm Apr 14, 2023 10:48pm
Who is taking the 10 trade challenge the week of APRIL 16, 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
  • #17,323
  • Apr 18, 2023 7:18am Apr 18, 2023 7:18am
Quoting TooSlow
{image}
What are the X's on your chart?
What are they for? Do they help in anyway?
  • #17,324
  • Apr 18, 2023 11:10am Apr 18, 2023 11:10am
Quoting nonibadsha
{quote} What are the X's on your chart? What are they for? Do they help in anyway?
"X" marks local higher/lower highs and lows, Mate.

Cheers
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,325
  • Apr 18, 2023 11:22am Apr 18, 2023 11:22am
@TooSlow

Please can you just confirm I have got the rules right and the correct entry based on the examples provided.

Please see the attached example.

Thank you in advanced
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A few pips a day keeps the debt collector away
100k All Time Profit: £38,179
  • #17,326
  • Apr 18, 2023 11:23am Apr 18, 2023 11:23am
Another example for an entry. Is this correct?
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A few pips a day keeps the debt collector away
100k All Time Profit: £38,179
  • #17,327
  • Apr 18, 2023 1:50pm Apr 18, 2023 1:50pm
Quoting enriquitio
@TooSlow Please can you just confirm I have got the rules right and the correct entry based on the examples provided. Please see the attached example. Thank you in advanced {image}
Did you make a profit?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,328
  • Apr 18, 2023 1:50pm Apr 18, 2023 1:50pm
Quoting enriquitio
Another example for an entry. Is this correct? {image}
Did you make a profit?


Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,329
  • Apr 18, 2023 2:25pm Apr 18, 2023 2:25pm
Quoting TooSlow
{quote} Did you make a profit? Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
Yes
A few pips a day keeps the debt collector away
100k All Time Profit: £38,179
  • #17,330
  • Apr 18, 2023 2:25pm Apr 18, 2023 2:25pm
Quoting TooSlow
{quote} Did you make a profit?
Yes
A few pips a day keeps the debt collector away
100k All Time Profit: £38,179
  • #17,331
  • Apr 18, 2023 2:27pm Apr 18, 2023 2:27pm
Were these valid entries inline with this strategy or no?
A few pips a day keeps the debt collector away
100k All Time Profit: £38,179
  • #17,332
  • Apr 18, 2023 2:35pm Apr 18, 2023 2:35pm
Quoting enriquitio
Were these valid entries inline with this strategy or no?
did you make a profit?-yes! how much more do you want from it
  • #17,333
  • Apr 18, 2023 2:48pm Apr 18, 2023 2:48pm
A few pips a day keeps the debt collector away
100k All Time Profit: £38,179
  • #17,334
  • Apr 18, 2023 2:55pm Apr 18, 2023 2:55pm
Quoting enriquitio
yep, yes it happens like breathing, just look at it, it's not a crystal ball
  • #17,335
  • Apr 18, 2023 3:07pm Apr 18, 2023 3:07pm
Quoting TooSlow
Please do not hesitate to ask questions. "Successful people ask better questions, and as a result, they get better answers." - Tony Robbins Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
"Please do not hesitate to ask questions." and when you do
A few pips a day keeps the debt collector away
100k All Time Profit: £38,179
  • #17,336
  • Apr 18, 2023 11:20pm Apr 18, 2023 11:20pm
Quoting enriquitio
{quote} "Please do not hesitate to ask questions." and when you do
"Were these valid entries inline with this strategy or no?"

HIGHEST OPEN / LOWEST OPEN TRADE

Place a line at the highest H1 open and lowest H1 open for the current day.

Sell short at the highest H1 open after price goes up through it and comes back down.

Buy at the lowest H1 open after price goes down through it and comes back up.


Did your entries follow the rules?

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,337
  • Apr 19, 2023 2:03am Apr 19, 2023 2:03am
Quoting TooSlow
{quote} "Were these valid entries inline with this strategy or no?" HIGHEST OPEN / LOWEST OPEN TRADE Place a line at the highest H1 open and lowest H1 open for the current day. Sell short at the highest H1 open after price goes up through it and comes back down. Buy at the lowest H1 open after price goes down through it and comes back up. Did your entries follow the rules? Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to...
I would think so, but like any student, I look for confirmation from my teacher.
A few pips a day keeps the debt collector away
100k All Time Profit: £38,179
  • #17,338
  • Apr 19, 2023 3:19am Apr 19, 2023 3:19am
EG buy +5
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  • #17,339
  • Apr 20, 2023 6:23am Apr 20, 2023 6:23am
Quoting enriquitio
{quote} I would think so, but like any student, I look for confirmation from my teacher.
The market is the teacher.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,340
  • Apr 23, 2023 9:05am Apr 23, 2023 9:05am
I repeat so new comers don't have to go back to the first post:

HIGHEST OPEN / LOWEST OPEN TRADE

Place a line at the highest H1 open and lowest H1 open for the current day. Sell short at the highest H1 open after price goes up through it and comes back down. Buy at the lowest H1 open after price goes down through it and comes back up. Stop loss is the current daily high or current daily low. Adjust your position size accordingly. Take profit by moving stop up. When trade is +5 or more, move stop to BE+1. When trade is +10 or more, move to to BE+5, or switch to trailing stop. Optional exit is to exit part of trade position with a profit to bank it, move stop to BE+1 and watch the market.

WARNING When price breaks through yesterday's high or low, that is a breakout! Trade the reversal with caution.

"Perfection is not when you have nothing more to add, but when you have nothing more to take away." - Antoine De Saint Exupery "

It is not about adding on, but taking away. The less technique, the better you are." - Bruce Lee

Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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