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Highest Open / Lowest Open Trade

  • #17,861
  • May 24, 2024 5:32am May 24, 2024 5:32am
Quoting birdland
{quote} 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.
Depends for volume of the candle be allways high low of day is max tp
  • #17,862
  • May 24, 2024 7:50am May 24, 2024 7:50am
Quoting mizi123
{quote} Depends for volume of the candle be allways high low of day is max tp
volume? interesting, i did not find a volume on forex that is working. i am working with volume on the stockmakret, there it makes sense.
trading is like dancing, don't think and just listen to the music!
  • #17,863
  • May 24, 2024 8:05am May 24, 2024 8:05am
Anyone interested in this method who has access to US listed futures is missing out if instead you are trying to trade this method with a forex bucket shop.

Oil (use futures contract CL) is a particularly good instrument to trade using this method.
Life itself is a privilege, but to live life to the fullest is a choice
  • #17,864
  • May 24, 2024 8:24am May 24, 2024 8:24am
Quoting birdland
{quote} volume? interesting, i did not find a volume on forex that is working. i am working with volume on the stockmakret, there it makes sense.
I'm sorry Birdland my goal was body of the candle not volume expresed on ochilators or stuff like that i better will prefer to trade candle 2 than candle 1
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  • #17,865
  • May 24, 2024 8:41am May 24, 2024 8:41am
Look at these example previous candle has made new high red one has failed to go higer on return of open price i have gone short sl 4 pips i love these.... i don't know what is hard here just patience needed even TOO SLOW has pointed these..... FOR ME AT LAST TRADING IS SIENCE OF REACTION NOT PREDIKTION.
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  • #17,866
  • May 24, 2024 8:54am May 24, 2024 8:54am
Quoting vidvad
Anyone interested in this method who has access to US listed futures is missing out if instead you are trying to trade this method with a forex bucket shop. Oil (use futures contract CL) is a particularly good instrument to trade using this method.
As we know corelation of Usd/cad with oil these can make the pair lucrative for trading with these method...?
  • #17,867
  • May 24, 2024 10:17am May 24, 2024 10:17am
Quoting mizi123
Look at these example previous candle has made new high red one has failed to go higer on return of open price i have gone short sl 4 pips i love these.... i don't know what is hard here just patience needed even TOO SLOW has pointed these..... FOR ME AT LAST TRADING IS SIENCE OF REACTION NOT PREDIKTION. {image}
great sentence! so true!

i made this trade for +1 pip: break of candle 2 open was trigger...(got stopped out on reaction)
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trading is like dancing, don't think and just listen to the music!
  • #17,868
  • May 25, 2024 10:57am May 25, 2024 10:57am
Quoting mizi123
{quote} As we know corelation of Usd/cad with oil these can make the pair lucrative for trading with these method...?
The correlation of CAD to oil is not what it once was. And anyways, the US is producing more oil than ever.
  • #17,869
  • May 25, 2024 5:04pm May 25, 2024 5:04pm
Quoting mizi123
{quote} As we know corelation of Usd/cad with oil these can make the pair lucrative for trading with these method...?
I haven't given the correlation between USD/CAD and oil any thought in my life. Not ever. Not once.

This is a super simple price action method.

Pick your instrument and trade it according to the rules as the opportunities present themselves and don't try to outsmart the market. The market is smarter than us all.

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Life itself is a privilege, but to live life to the fullest is a choice
  • #17,870
  • May 26, 2024 4:00pm May 26, 2024 4:00pm
Who is taking the 10 trade challenge the week of MAY 26, 2024?

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
  • #17,871
  • May 30, 2024 9:08am May 30, 2024 9:08am
Very busy with work this week and for the next several weeks. The holo is my goto trade methodology when I can't be glued to my screen riding the NQ dragon back and forth.

CL (crude oil futures) holo long. Target is the highest H1 open at $79.34 which would be +50 ticks if it goes there. Initial stop -25 ticks, but now is at breakeven because price has broken above the high of the entry candle.

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Life itself is a privilege, but to live life to the fullest is a choice
  • #17,872
  • Jun 2, 2024 9:42am Jun 2, 2024 9:42am
Who is taking the 10 trade challenge the week of JUNE 2, 2024?

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
  • #17,873
  • Jun 10, 2024 12:41am Jun 10, 2024 12:41am
Who is taking the 10 trade challenge the week of JUNE 9, 2024?

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
  • #17,874
  • Jun 15, 2024 12:14pm Jun 15, 2024 12:14pm
Who is taking the 10 trade challenge the week of JUNE 16, 2024?

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
  • #17,875
  • Jun 25, 2024 12:36am Jun 25, 2024 12:36am
Who is taking the 10 trade challenge the week of JUNE 23, 2024?

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
  • #17,876
  • Jul 1, 2024 10:42am Jul 1, 2024 10:42am
Who is taking the 10 trade challenge the week of JUNE 30, 2024?

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
  • #17,877
  • Jul 2, 2024 5:35am Jul 2, 2024 5:35am
Good day TooSlow,

Please I would like to know if this strategy is mainly for currency pairs? Does it work flor indices and commodities as well?
  • #17,878
  • Jul 8, 2024 12:35am Jul 8, 2024 12:35am
Who is taking the 10 trade challenge the week of JULY 7, 2024?

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
  • #17,879
  • Jul 8, 2024 12:37am Jul 8, 2024 12:37am
Quoting Grabitto
Good day TooSlow, Please I would like to know if this strategy is mainly for currency pairs? Does it work flor indices and commodities as well?
Post hourly charts, marking the highest open and lowest open—report on what you see.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,880
  • Jul 10, 2024 8:40am Jul 10, 2024 8:40am
Quoting Grabitto
Good day TooSlow, Please I would like to know if this strategy is mainly for currency pairs? Does it work flor indices and commodities as well?
The strategy should work on commodities and indices. It may not work on stocks, based on the break out rules (previous day high and low). Stocks tend to gap up/down.
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