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Highest Open / Lowest Open Trade

  • #17,561
  • Sep 8, 2023 6:47am Sep 8, 2023 6:47am
So basically don't have any entry rules for bars/candles between the High Open and the Low Open.
Once we "miss" ... we just sit out of the whole move correct. And wait for a new high or new low?
See screenshot
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Chances favour the prepared.
  • #17,562
  • Sep 8, 2023 6:53am Sep 8, 2023 6:53am
Quoting jasonowl
So basically don't have any entry rules for bars/candles between the High Open and the Low Open. Once we "miss" ... we just sit out of the whole move correct. And wait for a new high or new low? See screenshot {image}
yep - hence the comment on patience

take a look at the post at the start of the thread
  • #17,563
  • Sep 8, 2023 6:55am Sep 8, 2023 6:55am
Quoting jasonowl
So basically don't have any entry rules for bars/candles between the High Open and the Low Open. Once we "miss" ... we just sit out of the whole move correct. And wait for a new high or new low? See screenshot {image}
You're correct, Mate. If you miss, you wait for the next signal. That is what you must learn as a trader - the ability to wait for the next signal. It's called patience.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,564
  • Sep 8, 2023 7:02am Sep 8, 2023 7:02am
Adds to the definition of being a SNIPER!
Like Hunting... sit still in camo till the prey is an easy target. Don't chase it huh.
Chances favour the prepared.
  • #17,565
  • Sep 8, 2023 8:43am Sep 8, 2023 8:43am
GJ Loading..... Will check again closer to the hour

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  • #17,566
  • Sep 8, 2023 8:48am Sep 8, 2023 8:48am
EU waiting


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  • #17,567
  • Sep 8, 2023 9:32am Sep 8, 2023 9:32am
UJ waiting

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  • #17,568
  • Sep 8, 2023 9:35am Sep 8, 2023 9:35am
I got this as a valid trade on GU. Using Last h1 high Open.
Went to tap the high, and prev day high, got rejected, came back down to take the sell.
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Chances favour the prepared.
  • #17,569
  • Sep 8, 2023 9:56am Sep 8, 2023 9:56am
Quoting jasonowl
I got this as a valid trade on GU. Using Last h1 high Open. Went to tap the high, and prev day high, got rejected, came back down to take the sell. {image}
Thanks for sharing!

What indicator did you use for the highs and open?
  • #17,570
  • Sep 8, 2023 10:18am Sep 8, 2023 10:18am
Quoting Silkysilv
{quote} Thanks for sharing! What indicator did you use for the highs and open?
For the prev day high/low and open , I use a free Tradingview Indicator called 'Previous High, and current open line' (search for it)
For the h1 opens, I mark them up manually. No indi for those.
Chances favour the prepared.
  • #17,571
  • Sep 8, 2023 10:20am Sep 8, 2023 10:20am
Quoting jasonowl
I got this as a valid trade on GU. Using Last h1 high Open. Went to tap the high, and prev day high, got rejected, came back down to take the sell. {image}
The GU trade would have had a nice 2.5R return.

AU and EU had setups too. But decided GU was the one I would have taken due to the Prev Day Highs.
EU had a larger SL too.
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Chances favour the prepared.
  • #17,572
  • Sep 8, 2023 10:20am Sep 8, 2023 10:20am
EJ M5
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  • #17,573
  • Sep 8, 2023 10:26am Sep 8, 2023 10:26am
EU also had a nice big rejection on Prev day High. And came back down strong.
Only thing was the SL for entry was about 17-18pips, so based on a 10pip target is about 0.5R, need 20pips for 1R. Still decent.
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Chances favour the prepared.
  • #17,574
  • Sep 8, 2023 11:56am Sep 8, 2023 11:56am
GJ - 5 Min

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  • #17,575
  • Sep 9, 2023 11:19pm Sep 9, 2023 11:19pm
Who is taking the 10 trade challenge the week of SEPTEMBER 10, 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
  • #17,576
  • Sep 10, 2023 3:54am Sep 10, 2023 3:54am
Quoting rich_tee
10 trade challenge completed on EU {image}
Hi rich_tee!
What do you think about your results? I see that you continue trading this way.
  • #17,577
  • Sep 11, 2023 1:24am Sep 11, 2023 1:24am
Like OP said. Only stick to one pair. There were quite a few setups. But decided to just stay with one.
I went with EU. (Prev Day High still intact)

Decent return.
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Chances favour the prepared.
  • #17,578
  • Sep 11, 2023 2:28am Sep 11, 2023 2:28am
EU M5

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  • #17,579
  • Sep 11, 2023 4:45am Sep 11, 2023 4:45am
Quoting rich_tee
EU M5 {image}
+6
  • #17,580
  • Sep 12, 2023 2:34am Sep 12, 2023 2:34am
No decent setups so far today. Maybe US session will bring something.
Chances favour the prepared.
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