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Highest Open / Lowest Open Trade

  • #17,841
  • May 20, 2024 2:00am May 20, 2024 2:00am
NU i'm watching her
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  • #17,842
  • May 20, 2024 3:46am May 20, 2024 3:46am
Quoting mizi123
NU i'm watching her {image}
Be +1 better than an lose
  • #17,843
  • May 21, 2024 2:50pm May 21, 2024 2:50pm
A question for practitioners. I found the following condition in one of the PDF files - NOTE...Because this is a SELL trade, you will use the BID price to enter the trade.
That is, as soon as the BID PRICE gets to the Highest H1 OPEN price, it's time to pull the trigger.
NOTE...In a sell trade, you DO NOT USE THE ASK PRICE to enter the trade. ONLY the BID price.
RULE…..NO late entry. NOT EVEN 1 Pip.

Is it still correct and should it be followed?
  • #17,844
  • May 22, 2024 12:16am May 22, 2024 12:16am
Quoting Magiruss
A question for practitioners. I found the following condition in one of the PDF files - NOTE...Because this is a SELL trade, you will use the BID price to enter the trade. That is, as soon as the BID PRICE gets to the Highest H1 OPEN price, it's time to pull the trigger. NOTE...In a sell trade, you DO NOT USE THE ASK PRICE to enter the trade. ONLY the BID price. RULE…..NO late entry. NOT EVEN 1 Pip. Is it still correct and should it be followed?
These is first rule wich don't need to be broken look at these
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  • #17,845
  • May 22, 2024 12:19am May 22, 2024 12:19am
Personally for mee no trade for these H1 bars in pairs that i'm watchin and pairs wich i'm watching are EU. AU and UC
  • #17,846
  • May 22, 2024 12:46am May 22, 2024 12:46am
Now AU is becoming interesting
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  • #17,847
  • May 22, 2024 12:52am May 22, 2024 12:52am
You have all time in the world to make 4 degree math calculations of lotsize ( the only reasonable and fixed thing in trading the other one is all game of propabilities)...
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  • #17,848
  • May 22, 2024 1:51am May 22, 2024 1:51am
Quoting MuniFX
{quote} True..but you posted a trade that is not in line with the method...
@MuniFX isn't these the best entry ever
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  • #17,849
  • May 22, 2024 1:55am May 22, 2024 1:55am
By the way UC is forming nice pin on the area and giving me the new oportunity with sl smaller as 8 pips...
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  • #17,850
  • May 22, 2024 2:08am May 22, 2024 2:08am
I have very very high intuition that $ with fail miserably today bearing in mind some fundamentally data...
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  • #17,851
  • May 22, 2024 5:00am May 22, 2024 5:00am
2 exellent catches
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  • #17,852
  • May 22, 2024 2:06pm May 22, 2024 2:06pm
Quoting mizi123
2 exellent catches {image} {image}

Tell me, please, what kind of setup is this? I don't remember something like that being written in the system manual
  • #17,853
  • May 23, 2024 2:04am May 23, 2024 2:04am
Quoting Magiruss
{quote} Tell me, please, what kind of setup is this? I don't remember something like that being written in the system manual
Candle 1 has made new high, candle 2 don't have broke the high of candle 1 and on return in open price of candle 2 i have gone short with very smal SL on high of candle 1 price has gone in my direction and move sl in be, exit was on low of the day
as simple as that
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  • #17,854
  • May 23, 2024 2:09am May 23, 2024 2:09am
Quoting Magiruss
{quote} Tell me, please, what kind of setup is this? I don't remember something like that being written in the system manual
Same setup on GU right now, you are right some how because i make decision between these method and 123 they have 1 thin line in between because im older around i thing i have understood good both methods...
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  • #17,855
  • May 23, 2024 2:18am May 23, 2024 2:18am
Be +1 better than a lose hardest part of these methods is waiting but i thing is better dont give you stress come around the charts 10 min before H1 candles end and se cheek for your self if you se setup stay on the charts if note go do something else and come next hour that's it
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  • #17,856
  • May 24, 2024 1:30am May 24, 2024 1:30am
Quoting mizi123
{quote} Candle 1 has made new high, candle 2 don't have broke the high of candle 1 and on return in open price of candle 2 i have gone short with very smal SL on high of candle 1 price has gone in my direction and move sl in be, exit was on low of the day as simple as that {image}
A new high for what period? High of the day?
  • #17,857
  • May 24, 2024 2:41am May 24, 2024 2:41am
Quoting mizi123
{quote} Candle 1 has made new high, candle 2 don't have broke the high of candle 1 and on return in open price of candle 2 i have gone short with very smal SL on high of candle 1 price has gone in my direction and move sl in be, exit was on low of the day as simple as that {image}
thats a good idea!

so you also trade hourly bars open line breaks...thats great, a lot more possibilies during the day then only looking for daily open (123 thread) or highest/lowest open.

thx.
trading is like dancing, don't think and just listen to the music!
  • #17,858
  • May 24, 2024 3:03am May 24, 2024 3:03am
Quoting birdland
{quote} thats a good idea! so you also trade hourly bars open line breaks...thats great, a lot more possibilies during the day then only looking for daily open (123 thread) or highest/lowest open. thx.
What i like most in such setups are SL are very very tight no more than 4 up to 10 pips and these is very good just 1 trade per week to goes my way is enougt covers everything
  • #17,859
  • May 24, 2024 3:07am May 24, 2024 3:07am
What i like the most with these method is: Stres & overtrading are limited in lowest levels possible adjust lotsize just see how H1 candle reacts if it comes back and dont brak previous candle high you make trade otherwise go and come back later there are 10 active hours during the day and limitles pairs around 28 but i se only majors....
  • #17,860
  • May 24, 2024 3:19am May 24, 2024 3:19am
Quoting mizi123
What i like the most with these method is: Stres & overtrading are limited in lowest levels possible adjust lotsize just see how H1 candle reacts if it comes back and dont brak previous candle high you make trade otherwise go and come back later there are 10 active hours during the day and limitles pairs around 28 but i se only majors....
yes, i would also trade only the majors because of the spread.

because you mentioned that one run/week is enough for you&costs...

when do you decide to TP? do you wait for the candle close? or try to trail the position?

thx.
trading is like dancing, don't think and just listen to the music!
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