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Highest Open / Lowest Open Trade

  • #17,941
  • Aug 25, 2024 1:03pm Aug 25, 2024 1:03pm
Who is taking the 10 trade challenge the week of AUGUST 25, 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
  • #17,942
  • Aug 25, 2024 1:04pm Aug 25, 2024 1:04pm
Quoting Jefferton
Hello. I might be stupid, but I simply do not understand this method... And I want to trade it! Can anyone explain it to me, like they would explain it to a 3-year old child?
Read all of Post #1.

Follow the rules in Post #1.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,943
  • Aug 25, 2024 7:28pm Aug 25, 2024 7:28pm
EUR/USD had a valid entry but it ended up hitting stop loss and making a breakup from todays high.

fortunately i was able to exit market with 1 pip. better to win small than losing big. i'll keep waiting for the next entry.
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  • #17,944
  • Aug 25, 2024 7:37pm Aug 25, 2024 7:37pm
Quoting StonebankS1
EUR/USD had a valid entry but it ended up hitting stop loss and making a breakup from todays high. fortunately i was able to exit market with 1 pip. better to win small than losing big. i'll keep waiting for the next entry. {image}
Hi Stonebank - did you have a candle close in the area of interest?
  • #17,945
  • Aug 25, 2024 7:39pm Aug 25, 2024 7:39pm
Quoting shertiger
{quote} Hi Stonebank - did you have a candle close in the area of interest?
yes, considering the highest open at that time was at 1.11902
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  • #17,946
  • Aug 25, 2024 8:00pm Aug 25, 2024 8:00pm
Quoting StonebankS1
{quote} yes, considering the highest open at that time was at 1.11902 {image}
If the highest open was at 1.11902 then the price needs to go past that down before you enter a trade.
  • #17,947
  • Aug 25, 2024 8:56pm Aug 25, 2024 8:56pm
another entry on eur/usd, 4.9 pips after going with trailing stop, merely because i was about to go to sleep

had fun with this 3 hour session, looking forward to more trades tomorrow. good night

(previous day lowest=daily low*)
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  • #17,948
  • Aug 25, 2024 11:58pm Aug 25, 2024 11:58pm
Quoting shertiger
{quote} If the highest open was at 1.11902 then the price needs to go past that down before you enter a trade.
Where did you learn that, Mate?

Better reread Post #1!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,949
  • Aug 26, 2024 5:08am Aug 26, 2024 5:08am
Quoting TooSlow
{quote} Where did you learn that, Mate? Better reread Post #1!
TooSlow,
I think shertiger could possibly be referring to post #10 in your reply to Dezil, in using the momentum of the close?
  • #17,950
  • Aug 26, 2024 7:15am Aug 26, 2024 7:15am
Quoting shertiger
{quote} If the highest open was at 1.11902 then the price needs to go past that down before you enter a trade.
yeah that's not what the rules say
  • #17,951
  • Aug 26, 2024 7:57am Aug 26, 2024 7:57am
good morning. eur/usd with yet another entry, this time at the lowest open

newer h1 candle printed a new lowest open. waiting is required
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  • #17,952
  • Aug 26, 2024 9:22am Aug 26, 2024 9:22am
9 pips
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  • #17,953
  • Aug 26, 2024 9:39am Aug 26, 2024 9:39am
15 pips secured and i think imma exit since i have some stuff to do
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  • #17,954
  • Edited 11:53am Aug 26, 2024 11:31am | Edited 11:53am
5 pips secured, still in the market

20 mins later 10 pips secured and it's time to exit as lunch is coming
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  • #17,955
  • Aug 26, 2024 1:34pm Aug 26, 2024 1:34pm
can some one have an indicator to facilate the tasks of drawing levels ???
Fake it till you make it
  • #17,956
  • Aug 26, 2024 2:05pm Aug 26, 2024 2:05pm
Quoting Miloncef
can some one have an indicator to facilate the tasks of drawing levels ???
i suggest you to do it by yourself, train your mind and eyes
  • #17,957
  • Aug 26, 2024 2:21pm Aug 26, 2024 2:21pm
Hi TooSlow, Hi All
want to share an Indicator for cTrader platform that I have coded for myself (I'm not a pro coder, just a learning trader) and seems working fine.
It show all relevant strategy parameters, as;
- Yesterday / Today Hi Lo
- H1 candles overlapped
- Area Of Interests (arrow and band)
- Area Of Interests invalidated by brakout (arrow only)
- Auto Zoom
- History Scrolling

Free full C# source code attached:
Just create a new indicator on cTrader Algo section and paste the content of the attachment HoLo_Indi.txt, then press the Build button and the indicator become available.

Green Pips to All
Danny

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached File(s)
File Type: txt HoLo_Indi.txt   12 KB | 192 downloads
  • #17,958
  • Aug 26, 2024 2:32pm Aug 26, 2024 2:32pm
Quoting StonebankS1
{quote} i suggest you to do it by yourself, train your mind and eyes
thanks 4 ur advice
Fake it till you make it
  • #17,959
  • Aug 26, 2024 3:52pm Aug 26, 2024 3:52pm
is this a correct setup ??????????
Attached Image (click to enlarge)
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Fake it till you make it
  • #17,960
  • Aug 26, 2024 6:37pm Aug 26, 2024 6:37pm
Quoting DwnUndrTrdr
{quote} TooSlow, I think shertiger could possibly be referring to post #10 in your reply to Dezil, in using the momentum of the close?
nah all good bro. My bad. I was looking at a different candle to the one stone was referring to.
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NeilBrew