Highest Open / Lowest Open Trade | Page 873 | 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

  • #17,441
  • Aug 10, 2023 10:17am Aug 10, 2023 10:17am
Hello Guys - I'm amazed TooSlow is still around and helping on this thread. Fantastic effort mate!

My first attempt - is this a valid entry?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
  • #17,442
  • Aug 10, 2023 10:41am Aug 10, 2023 10:41am
Quoting rich_tee
Hello Guys - I'm amazed TooSlow is still around and helping on this thread. Fantastic effort mate! My first attempt - is this a valid entry? {image}
Read the rules on post #1 and tell me if it is a valid entry.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,443
  • Aug 10, 2023 10:59am Aug 10, 2023 10:59am
It's a breakout of yesterdays high and intraday so Trade the reversal with caution.

Therefore not a valid entry as price has broken out. I was considering the reversal in its own right, without the context of the breakouts

Thanks!


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.
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.

NOTE:

Do not wait for the bar to close to enter a trade.


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.
  • #17,444
  • Aug 11, 2023 5:00am Aug 11, 2023 5:00am
Quoting rich_tee
Hello Guys - I'm amazed TooSlow is still around and helping on this thread. Fantastic effort mate! My first attempt - is this a valid entry? {image}
H1 - Highest open
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
  • #17,445
  • Aug 11, 2023 5:02am Aug 11, 2023 5:02am
M5 - price goes up, before reversing through highest open line then puke.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
  • #17,446
  • Aug 11, 2023 5:13am Aug 11, 2023 5:13am
GU also Silky
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
  • #17,447
  • Aug 11, 2023 5:31am Aug 11, 2023 5:31am
Quoting rich_tee
GU also Silky{image}
GU was a bit tricky for me today. Money management will always be key.

Big shout out to @tooslow for sharing this system and keeping the thread going for so long!
  • #17,448
  • Aug 11, 2023 7:19am Aug 11, 2023 7:19am
Quoting rich_tee
GU also Silky{image}
gu dump active - highest open
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
  • #17,449
  • Aug 12, 2023 12:00pm Aug 12, 2023 12:00pm
you can do it x 3 accounts, i've followed the lions share as too slow would say.... oddly enough I don't have time to trade these days...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB
  • #17,450
  • Aug 14, 2023 8:38am Aug 14, 2023 8:38am
Baby steps ... watching NQ.. when everythings green im going in long
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
  • #17,451
  • Aug 14, 2023 8:41am Aug 14, 2023 8:41am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
  • #17,452
  • Aug 14, 2023 8:45am Aug 14, 2023 8:45am
Missed this beauty on Gu earlier. Will watch NQ also, thanks for sharing.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
  • #17,453
  • Aug 14, 2023 8:46am Aug 14, 2023 8:46am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 1 KB
  • #17,454
  • Aug 14, 2023 8:48am Aug 14, 2023 8:48am
Done for the day. I have been here since day one 2015 or 2014 and even found the aliens. Work hard. My business makes 100x what I can make in the markets. Focus on discipline. Off to daily tasks.
  • #17,455
  • Aug 14, 2023 9:07am Aug 14, 2023 9:07am
rocket out bound weeewoooo weeewoooo (sirens)
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
  • #17,456
  • Aug 14, 2023 9:37am Aug 14, 2023 9:37am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
  • #17,457
  • Aug 15, 2023 8:00am Aug 15, 2023 8:00am
Who is taking the 10 trade challenge the week of AUGUST 13, 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
  • #17,458
  • Aug 15, 2023 10:25am Aug 15, 2023 10:25am
EU today

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB


5Min view

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
  • #17,459
  • Aug 15, 2023 1:21pm Aug 15, 2023 1:21pm
Quoting rich_tee
EU today {image} 5Min view {image}
Looks like you caught a good one there!
  • #17,460
  • Aug 15, 2023 1:38pm Aug 15, 2023 1:38pm
Quoting rich_tee
EU today {image} 5Min view {image}
24 pips
30 traders viewing now