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Highest Open / Lowest Open Trade

  • #18,061
  • Oct 22, 2024 5:14pm Oct 22, 2024 5:14pm
Quoting TooSlow
{quote} Use BE+1, Mate. Don't give it all back. Cheers!
will do from now
  • #18,062
  • Oct 23, 2024 5:58am Oct 23, 2024 5:58am
All trades taken on EUR/USD ONLY as per the exact rules. I'm using a 15M close in the zone and trailing stop every 5 pips, After analysing TRO and other methods, I believe there is more than what meets the eye in the world of trading. Criticism is more than welcome, I'm attempting to remove my personal biases here.
WEEK OF OCTOBER 20, 2024
TRADE 3:
EUR/USD 1H CHART
LOSS
RESULT -2.4p or -1RR
Attached Image (click to enlarge)
Click to Enlarge Name: Tooslow 4.PNG Size: 2 KB
  • #18,063
  • Oct 23, 2024 6:05am Oct 23, 2024 6:05am
All trades taken on EUR/USD ONLY as per the exact rules. I'm using a 15M close in the zone and trailing stop every 5 pips, After analysing TRO and other methods, I believe there is more than what meets the eye in the world of trading. Criticism is more than welcome, I'm attempting to remove my personal biases here.
WEEK OF OCTOBER 20, 2024
TRADE 4:
EUR/USD 1H CHART
LOSS
another loss today, will continue as the rules suggest and then analyse at the end
RESULT -2.5p or -1RR
Attached Image (click to enlarge)
Click to Enlarge Name: Tooslow 5.PNG Size: 2 KB
  • #18,064
  • Oct 23, 2024 6:31am Oct 23, 2024 6:31am
All trades taken on EUR/USD ONLY as per the exact rules. I'm using a 15M close in the zone and trailing stop every 5 pips, After analysing TRO and other methods, I believe there is more than what meets the eye in the world of trading. Criticism is more than welcome, I'm attempting to remove my personal biases here.
WEEK OF OCTOBER 20, 2024
TRADE 5 and 6:
EUR/USD 1H CHART
LOSSES
another two losses today totalling 4 losses
RESULT -2RR
Totals so far:
TRADE 1: 5.76RR
TRADE 2: 0RR
TRADE 3: -1RR
TRADE 4: -1RR
TRADE 5: -1RR
TRADE 6: -1RR
TOTAL SO FAR : 1.76RR
lost the screenshot somehow of the last trade
Attached Image (click to enlarge)
Click to Enlarge Name: Tooslow 6.PNG Size: 3 KB
  • #18,065
  • Oct 23, 2024 7:24am Oct 23, 2024 7:24am
Quoting WallFlower
All trades taken on EUR/USD ONLY as per the exact rules. I'm using a 15M close in the zone and trailing stop every 5 pips, After analysing TRO and other methods, I believe there is more than what meets the eye in the world of trading. Criticism is more than welcome, I'm attempting to remove my personal biases here. WEEK OF OCTOBER 20, 2024 TRADE 5 and 6: EUR/USD 1H CHART LOSSES another two losses today totalling 4 losses RESULT -2RR Totals so far: TRADE 1: 5.76RR TRADE 2: 0RR TRADE 3: -1RR TRADE 4: -1RR TRADE 5: -1RR TRADE 6: -1RR TOTAL SO FAR :...
What session are you trading in... Asian? London? New York? Australian?

Cheers Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,066
  • Oct 23, 2024 7:50am Oct 23, 2024 7:50am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 23 KB


Trading the EUR/USD during London/NY session.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,067
  • Oct 23, 2024 8:00am Oct 23, 2024 8:00am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 21 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,068
  • Oct 23, 2024 10:15am Oct 23, 2024 10:15am
Quoting TooSlow
{image}
lovely trade!

Do you still sometimes wait for the instrument to do most of its average daily range?
  • #18,069
  • Oct 23, 2024 6:47pm Oct 23, 2024 6:47pm
Quoting TooSlow
{quote} What session are you trading in... Asian? London? New York? Australian? Cheers Mate!
I am I live in Australia so usually trade the start of London after work into NY open, although I use an EA just for my entry because I cannot be at the computer for most of the day. It rings my phone so then I can manage the trade manually. On the lower timeframes there were some good entry’s that could have been taken yesterday, but as I’m waiting for the 15m close I missed them. During my testing I do think that there is still validity to the method, in waiting until a pair has exhausted it’s average daily range, or waiting for certain session times and other filters etc

would I be correct in saying that the reason you want us to test the barebones system first is so we understand the principle and then figure out the filters by ourselves developing into something that suits the trader individually?
  • #18,070
  • Oct 24, 2024 4:45am Oct 24, 2024 4:45am
All trades taken on EUR/USD ONLY as per the exact rules. I'm using a 15M close in the zone and trailing stop every 5 pips, After analysing TRO and other methods, I believe there is more than what meets the eye in the world of trading. Criticism is more than welcome, I'm attempting to remove my personal biases here.
WEEK OF OCTOBER 20, 2024
TRADE 7:
EUR/USD 1H CHART
LOSS
RESULT -1RR
Totals so far:
TRADE 1: 5.76RR
TRADE 2: 0RR
TRADE 3: -1RR
TRADE 4: -1RR
TRADE 5: -1RR
TRADE 6: -1RR
TRADE 7: -1RR
TOTAL SO FAR : 0.76RR
Attached Image (click to enlarge)
Click to Enlarge Name: Tooslow 7.PNG Size: 1 KB
  • #18,071
  • Oct 24, 2024 4:55am Oct 24, 2024 4:55am
All trades taken on EUR/USD ONLY as per the exact rules. I'm using a 15M close in the zone and trailing stop every 5 pips, After analysing TRO and other methods, I believe there is more than what meets the eye in the world of trading. Criticism is more than welcome, I'm attempting to remove my personal biases here.
WEEK OF OCTOBER 20, 2024
TRADE 8:
EUR/USD 1H CHART
LOSS
RESULT -1RR
Totals so far:
TRADE 1: 5.76RR
TRADE 2: 0RR
TRADE 3: -1RR
TRADE 4: -1RR
TRADE 5: -1RR
TRADE 6: -1RR
TRADE 7: -1RR
TRADE 8: -1RR
TOTAL SO FAR : -0.76RR
Attached Image (click to enlarge)
Click to Enlarge Name: Tooslow 8.PNG Size: 2 KB
  • #18,072
  • Oct 24, 2024 5:13am Oct 24, 2024 5:13am
All trades taken on EUR/USD ONLY as per the exact rules. I'm using a 15M close in the zone and trailing stop every 5 pips, After analysing TRO and other methods, I believe there is more than what meets the eye in the world of trading. Criticism is more than welcome, I'm attempting to remove my personal biases here.
WEEK OF OCTOBER 20, 2024
TRADE 9:
EUR/USD 1H CHART
LOSS
RESULT -1RR
Totals so far:
TRADE 1: 5.76RR
TRADE 2: 0RR
TRADE 3: -1RR
TRADE 4: -1RR
TRADE 5: -1RR
TRADE 6: -1RR
TRADE 7: -1RR
TRADE 8: -1RR
TRADE 9: -1RR
TOTAL SO FAR : -1.76RR
Attached Image (click to enlarge)
Click to Enlarge Name: Tooslow 9.PNG Size: 2 KB
  • #18,073
  • Oct 24, 2024 5:37am Oct 24, 2024 5:37am
Quoting TooSlow
{image}
Just like any method it appears to me that the edge within this system is a traders ability to filter good from bad opportunity's, I believe most successful traders CANNOT actually identify exactly where their edge comes from and it becomes a subconscious reaction from hours of chart data being consumed. A trader trading one method will get the same results as a random trader trading the same method provided they follow the same rules. When this doesn't occur is because they are NOT taking the same trades. I believe TooSlow may be profitable with his methods but he is using other filters and management techniques he either has tested that are increasing his edge or subconsciously without realising it. Maybe this was his way of leading me into this thought process I'm not sure.
Some quick ideas I've though of to improve myself
Only taking trades approaching their average daily range
trailing stop according to ATR measurement not 5 pips fixed
bar size and zone size filters
when to use 1m confirms and 15m confirms, would be related to a volatility rating Id guess.

I am rambling, But would appreciate your thoughts TooSlow
  • #18,074
  • Oct 24, 2024 6:10am Oct 24, 2024 6:10am
Quoting WallFlower
{quote} Just like any method it appears to me that the edge within this system is a traders ability to filter good from bad opportunity's, I believe most successful traders CANNOT actually identify exactly where their edge comes from and it becomes a subconscious reaction from hours of chart data being consumed. A trader trading one method will get the same results as a random trader trading the same method provided they follow the same rules. When this doesn't occur is because they are NOT taking the same trades. I believe TooSlow may be profitable...
Wallflower, too much thinking….

It’s easier to analyse and give feedback if you use TooSlow’s template and zoom out a little on the price action
  • #18,075
  • Oct 24, 2024 7:19am Oct 24, 2024 7:19am
Quoting Silkysilv
{quote} lovely trade! Do you still sometimes wait for the instrument to do most of its average daily range?
I always wait for the setup, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,076
  • Oct 24, 2024 7:21am Oct 24, 2024 7:21am
Quoting WallFlower
{quote} Just like any method it appears to me that the edge within this system is a traders ability to filter good from bad opportunity's, I believe most successful traders CANNOT actually identify exactly where their edge comes from and it becomes a subconscious reaction from hours of chart data being consumed. A trader trading one method will get the same results as a random trader trading the same method provided they follow the same rules. When this doesn't occur is because they are NOT taking the same trades. I believe TooSlow may be profitable...
Read Post #1.

Cheers, Mate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,077
  • Oct 25, 2024 11:33am Oct 25, 2024 11:33am
I really appreciate this method and I will give it a try.
  • #18,078
  • Oct 25, 2024 10:49pm Oct 25, 2024 10:49pm
Who is taking the 10 trade challenge the week of OCTOBER 27, 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
  • #18,079
  • Oct 29, 2024 9:58am Oct 29, 2024 9:58am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 21 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,080
  • Oct 30, 2024 8:54am Oct 30, 2024 8:54am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 24 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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