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Highest Open / Lowest Open Trade

  • #18,681
  • Dec 30, 2024 12:21pm Dec 30, 2024 12:21pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,682
  • Dec 30, 2024 12:26pm Dec 30, 2024 12:26pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,683
  • Dec 30, 2024 12:31pm Dec 30, 2024 12:31pm
Quoting TooSlow
{image} {image}
I'm in this oneee
  • #18,684
  • Dec 30, 2024 12:35pm Dec 30, 2024 12:35pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,685
  • Dec 30, 2024 12:41pm Dec 30, 2024 12:41pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,686
  • Dec 30, 2024 12:48pm Dec 30, 2024 12:48pm
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RULE #8 in effect.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,687
  • Dec 30, 2024 12:57pm Dec 30, 2024 12:57pm
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What do you expect to happen next?

What will you do if that does not happen?

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
  • #18,688
  • Dec 30, 2024 1:01pm Dec 30, 2024 1:01pm
Hello TooSloow.
Do you see the correct operation according to your instructions? I'm learning it.

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  • #18,689
  • Dec 30, 2024 1:01pm Dec 30, 2024 1:01pm
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Now what?

The rules never change.

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
  • #18,690
  • Dec 30, 2024 1:06pm Dec 30, 2024 1:06pm
Quoting TooSlow
{image} Now what? The rules never change. 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.
if you are in the trade but the next 1 hour candle becomes the new higher open however the daily high hasn't been broken do you stay in the trade or exit it?
  • #18,691
  • Dec 30, 2024 1:10pm Dec 30, 2024 1:10pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,692
  • Dec 30, 2024 1:12pm Dec 30, 2024 1:12pm
Quoting gerval
Hello TooSloow. Do you see the correct operation according to your instructions? I'm learning it. {image} {image}
It appears the rules were followed.

Did you follow the rules?

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
  • #18,693
  • Dec 30, 2024 1:14pm Dec 30, 2024 1:14pm
Quoting Jannah02
{quote} if you are in the trade but the next 1 hour candle becomes the new higher open however the daily high hasn't been broken do you stay in the trade or exit it?
Mate, that depends on whether or not the stop loss has been hit.

What will you do in that situation?

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
  • #18,694
  • Dec 30, 2024 1:17pm Dec 30, 2024 1:17pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,695
  • Dec 30, 2024 1:19pm Dec 30, 2024 1:19pm
Quoting TooSlow
{quote} Mate, that depends on whether or not the stop loss has been hit. What will you do in that situation? 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.
The stop loss woudnt be hit as the the daily high wasn't hit only the daily open changed what do you do then?
  • #18,696
  • Dec 30, 2024 1:26pm Dec 30, 2024 1:26pm
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What has the price action of the instrument you are trading taught you this year?

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
  • #18,697
  • Dec 30, 2024 1:27pm Dec 30, 2024 1:27pm
Quoting Jannah02
{quote} The stop loss woudnt be hit as the the daily high wasn't hit only the daily open changed what do you do then?
Always follow the rules.

When the rules tell me to enter, I enter, Mate.

What do you do?

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
  • #18,698
  • Dec 30, 2024 1:30pm Dec 30, 2024 1:30pm
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You can't control price.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,699
  • Dec 30, 2024 1:45pm Dec 30, 2024 1:45pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,700
  • Dec 30, 2024 1:55pm Dec 30, 2024 1:55pm
Quoting TooSlow
{quote} It appears the rules were followed. Did you follow the rules? 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.
I think so.
There were several entries before (wait for the opening of M15 and then exceed the level), it is entered every time the min/max is exceeded if a new min/max has not been set?.
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