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Highest Open / Lowest Open Trade

  • #17,601
  • Oct 2, 2023 4:16pm Oct 2, 2023 4:16pm
Quoting TooSlow
"As per post 1 I am waiting for a bar that does not make a new daily low and returns to the opening of the previous bar, is this correct?" No, that is not correct. Reread the rules.
I did it, can I at least know if I set the template and indicator correctly? if you see there is a blue band on our area of interest, is this correct?
  • #17,602
  • Oct 3, 2023 12:09am Oct 3, 2023 12:09am
Quoting flavio1900
{quote} I did it, can I at least know if I set the template and indicator correctly? if you see there is a blue band on our area of interest, is this correct?
It looks correct. You might want to use M5 or M15 chart period.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,603
  • Oct 3, 2023 4:21am Oct 3, 2023 4:21am
H1 EURUSD
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M15 EURUSD
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I'm waiting for an M15 bar that open inside our area of interest to place a sell stop on the Higher Opener line 1.04851, can someone confirm that this setup is correct?
tks
  • #17,604
  • Oct 3, 2023 4:30am Oct 3, 2023 4:30am
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M5 it would have already triggered my sell stop....
then I ask you, for the 'entrance better use the tf M5 or M15?
  • #17,605
  • Oct 3, 2023 4:46am Oct 3, 2023 4:46am
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setup confirmed in m15
  • #17,606
  • Oct 3, 2023 5:58am Oct 3, 2023 5:58am
Take TS' advice Flavio - use the M5
  • #17,607
  • Oct 3, 2023 6:04am Oct 3, 2023 6:04am
Molto Bene Flavio

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  • #17,608
  • Oct 3, 2023 6:21am Oct 3, 2023 6:21am
Quoting rich_tee
Molto Bene Flavio {image}
with m5 do the rules always remain the same?
we are waiting for an m5 candle that opens in our area of interest, right?

tks
  • #17,609
  • Oct 3, 2023 6:25am Oct 3, 2023 6:25am
Quoting rich_tee
Take TS' advice Flavio - use the M5
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This is the bar that confirmed the setup in M5?
  • #17,610
  • Oct 3, 2023 8:34pm Oct 3, 2023 8:34pm
Quoting flavio1900
{quote} {image} This is the bar that confirmed the setup in M5?


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.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,611
  • Oct 4, 2023 7:06am Oct 4, 2023 7:06am
Quoting TooSlow
{quote} 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...
So I do not understand what is the filter for the validation of the setup?
  • #17,612
  • Oct 4, 2023 7:15am Oct 4, 2023 7:15am
M5 price opens above the H1 highest open then place your order to sell at the H1 highest open

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  • #17,613
  • Oct 4, 2023 7:37am Oct 4, 2023 7:37am
Tks, I'm ready for EU..
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  • #17,614
  • Oct 4, 2023 7:58am Oct 4, 2023 7:58am
i think its outside yesterdays range now, it will probably trend up.
  • #17,615
  • Oct 8, 2023 11:50pm Oct 8, 2023 11:50pm
Who is taking the 10 trade challenge the week of OCTOBER 8, 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
  • #17,616
  • Oct 9, 2023 6:26pm Oct 9, 2023 6:26pm
Can check the sentence no trade on H1,M30,M15, M5 breakout bar at template? Can give some advice how can we trace it when trading this strategy to avoid losing trade? This strategy should avoid asian ,london and new york open period breakout? and avoid news trading too?

This strategy look simple and profitable,mostly waiting is the key . The indicator and system will much more easier if add alert when 5 minute open inside the extreme high and H1 high range.
  • #17,617
  • Oct 10, 2023 11:25am Oct 10, 2023 11:25am
Quoting nightsc8lper
can check the sentence no trade on h1,m30,m15, m5 breakout bar at template? Can give some advice how can we trace it when trading this strategy to avoid losing trade? This strategy should avoid asian ,london and new york open period breakout? And avoid news trading too? This strategy look simple and profitable,mostly waiting is the key . The indicator and system will much more easier if add alert when 5 minute open inside the extreme high and h1 high range.
please read all of post #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,618
  • Oct 15, 2023 11:47am Oct 15, 2023 11:47am
Who is taking the 10 trade challenge the week of OCTOBER 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
  • #17,619
  • Oct 16, 2023 7:53am Oct 16, 2023 7:53am
@TooSlow,seeing this a range bound system whats the best pairs that range? thank you in advance
  • #17,620
  • Oct 23, 2023 11:35pm Oct 23, 2023 11:35pm
Who is taking the 10 trade challenge the week of OCTOBER 22, 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
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