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Highest Open / Lowest Open Trade

  • #18,661
  • Dec 28, 2024 10:49am Dec 28, 2024 10:49am
Quoting Igumapips
{quote} No, I did not see opportunity to take 2 pips. I always see the warning but I did not understand it. Does it mean that when one see the warning he should avoid the trade? Again there are two kind of waring I usually see that the indicator display. 1. Warning: H1 high breakout 2. Extreme Caution: Price below yesterday. What is the difference between the two; If you have explain it, please, help me with the page. Thanks. {image} {image}
1. Warning: H1 high breakout - Be on the lookout for the price to continue higher.

2. Extreme Caution: The price was below yesterday. Be on the lookout for it to continue lower.

What is the difference? They are both warnings or reminders to the trader so they won't be caught off-guard. A breakout of the previous trading day's high/low usually causes the price to continue in that direction for a while. In the case of a H1 breakout, price may continue in the same direction. In either case, it is better to wait for the price to establish a new HOLO but trade with caution.

Understand?

Cheers!

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,662
  • Dec 29, 2024 10:13am Dec 29, 2024 10:13am
Quoting TooSlow
{quote} 1. Warning: H1 high breakout - Be on the lookout for the price to continue higher. 2. Extreme Caution: The price was below yesterday. Be on the lookout for it to continue lower. What is the difference? They are both warnings or reminders to the trader so they won't be caught off-guard. A breakout of the previous trading day's high/low usually causes the price to continue in that direction for a while. In the case of a H1 breakout, price may continue in the same direction. In either case, it is better to wait for the price to establish a...
Yes, thanks
  • #18,663
  • Edited 6:57pm Dec 29, 2024 2:12pm | Edited 6:57pm
Quoting ahmedenegm
{quote} Dear friends, my greetings to all of you for your efforts to help us in trading. Thank you, my friend, for your indicator and I hope you finish it well. I would like to tell you that working on entering the openings of the sessions on this indicator will make it extraordinary, or making another indicator that determines the opening times of the sessions for a day or two, according to the choice. Then making it draw these times in the form of a line as support or resistance. You will find that the prices respect it very strongly. I hope that...
How many 10 trade challenges have you completed successfully?

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,664
  • Dec 29, 2024 6:57pm Dec 29, 2024 6:57pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,665
  • Dec 29, 2024 7:15pm Dec 29, 2024 7:15pm
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Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,666
  • Dec 30, 2024 12:26am Dec 30, 2024 12:26am
Quoting ahmedenegm
{quote} I did not participate in the challenges, but in my own trading, I win and lose approximately 50% of my trading. I am successful and I like the method of the opening hour and the high and low of the previous day. I implemented it on the sessions and found it magical, especially the opening and closing of London and New York. It amazed me, so I asked one of the programmers here to implement it to help everyone. I thank you for everything you have provided us. You are one of the few who explained the truth well.
For what reason are you posting in HOLO if you are not trading HOLO?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,667
  • Dec 30, 2024 7:51am Dec 30, 2024 7:51am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,668
  • Dec 30, 2024 8:23am Dec 30, 2024 8:23am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,669
  • Dec 30, 2024 8:48am Dec 30, 2024 8:48am
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Heed the warning!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,670
  • Dec 30, 2024 9:03am Dec 30, 2024 9:03am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,671
  • Dec 30, 2024 9:33am Dec 30, 2024 9:33am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,672
  • Dec 30, 2024 9:39am Dec 30, 2024 9:39am
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What do you see?

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,673
  • Dec 30, 2024 9:40am Dec 30, 2024 9:40am
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What do you see?

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,674
  • Dec 30, 2024 9:46am Dec 30, 2024 9:46am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,675
  • Dec 30, 2024 10:03am Dec 30, 2024 10:03am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,676
  • Dec 30, 2024 10:11am Dec 30, 2024 10:11am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,677
  • Dec 30, 2024 10:19am Dec 30, 2024 10:19am
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What is the reason for your exit? Greed? Fear? Plan? Reaction?


Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,678
  • Dec 30, 2024 10:23am Dec 30, 2024 10:23am
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What is the reason for staying in the trade? Greed? Fear? Plan? Reaction?


Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,679
  • Edited 11:08am Dec 30, 2024 10:57am | Edited 11:08am
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“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame.
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden

The above was found here: https://www.forexfactory.com/thread/...40#post2589240

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,680
  • Dec 30, 2024 11:11am Dec 30, 2024 11:11am
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At what did price hit and reverse?

Did you see the warning?

Are you noticing the Daily ATR%?

Are you using the information in your trading?

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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