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Highest Open / Lowest Open Trade

  • #18,741
  • Jan 2, 2025 8:00am Jan 2, 2025 8:00am
Quoting MoonTheTrain
Thank TooSlow for sharing, May i ask what timezone did you used to define 1D candle open?
Did you read Post #1?

When does your broker start their day? That's when D1 starts for you!

Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,742
  • Jan 2, 2025 8:01am Jan 2, 2025 8:01am
Quoting Igumapips
{quote} TooSlow, Help me with the answers. Thanks and happy new year.
That's not how it works. You answer first.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,743
  • Jan 2, 2025 8:02am Jan 2, 2025 8:02am
Quoting DwnUndrTrdr
{quote} A belated Happy New Year to you TooSlow. Look forward to another year of you answering the same questions to those finding this thread for the first time …
You jinxed me, Mate. Already had to answer a newbie question and it's only January 2!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,744
  • Jan 2, 2025 7:38pm Jan 2, 2025 7:38pm
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There were opportunities to take profit January 2. That's all you can ask of a method.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,745
  • Jan 2, 2025 10:40pm Jan 2, 2025 10:40pm
Quoting TooSlow
{quote} Answer the rest of the questions. HINT: Use your eyes! M30 open above H1 open... If M30 is above its open, what does that indicate? If M30 is below its open, what does that indicate? See, don't think. Cheers!
If the maximum opening price of M30 is higher than the maximum price of H1, it means that M30 will tend to H1. Accordingly, you can enter from the opening price of M30 and exit at H1
These are my thoughts. How correct is it?
  • #18,746
  • Jan 2, 2025 11:34pm Jan 2, 2025 11:34pm
Quoting Malkolm
{quote} If the maximum opening price of M30 is higher than the maximum price of H1, it means that M30 will tend to H1. Accordingly, you can enter from the opening price of M30 and exit at H1 These are my thoughts. How correct is it?
What would cause you to exit at H1 open since price is moving down?

Did you consider a second entry at H1 at all?

If price fails to drop below the H1 open before the close of the M30 candle, what happens next?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,747
  • Edited 2:55am Jan 3, 2025 2:44am | Edited 2:55am
Dear TooSlow,

So many times, price always hit BE+1 or BE-1 and start moving in the same direction

After price hit BE+1 or BE-1 what else can one do if price continues in that direction?

I don't want to try anything that is not in HOLO.
Is there anything we can do to avoid price hitting BE+1 or BE-1 and proceed to make enough pips?
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  • #18,748
  • Jan 3, 2025 7:45am Jan 3, 2025 7:45am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,749
  • Jan 3, 2025 7:46am Jan 3, 2025 7:46am
Quoting Igumapips
Dear TooSlow, So many times, price always hit BE+1 or BE-1 and start moving in the same direction After price hit BE+1 or BE-1 what else can one do if price continues in that direction? I don't want to try anything that is not in HOLO. Is there anything we can do to avoid price hitting BE+1 or BE-1 and proceed to make enough pips? {image}
If you don't move your stop loss to BE+1, then price won't hit it.

See Rule #4.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,750
  • Jan 3, 2025 7:47am Jan 3, 2025 7:47am
Attached Image (click to enlarge)
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Notice where price stopped going up?

Did you heed the warning?


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
  • #18,751
  • Jan 3, 2025 8:00am Jan 3, 2025 8:00am
Attached Image (click to enlarge)
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There has been 1 H1 highest open and 3 H1 lowest opens today.

What does that tell you about price?

How can you use that 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
  • #18,752
  • Jan 3, 2025 8:25am Jan 3, 2025 8:25am
Quoting TooSlow
{image} There has been 1 H1 highest open and 3 H1 lowest opens today. What does that tell you about price? How can you use that 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.
can you tell us what this observation is telling you (: ?
  • #18,753
  • Jan 3, 2025 8:29am Jan 3, 2025 8:29am
Quoting Jannah02
{quote} can you tell us what this observation is telling you (: ?
You have to answer first.

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
  • #18,754
  • Jan 3, 2025 9:02am Jan 3, 2025 9:02am
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NEWS!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,755
  • Jan 3, 2025 9:11am Jan 3, 2025 9:11am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,756
  • Jan 3, 2025 9:15am Jan 3, 2025 9:15am
Attached Image (click to enlarge)
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What's your next move?



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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
  • #18,757
  • Jan 3, 2025 9:17am Jan 3, 2025 9:17am
Quoting TooSlow
{quote} You have to answer first. 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.
Is it showing that price doesn't want to go any lower
  • #18,758
  • Jan 3, 2025 9:23am Jan 3, 2025 9:23am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,759
  • Jan 3, 2025 9:26am Jan 3, 2025 9:26am
Quoting Jannah02
{quote} Is it showing that price doesn't want to go any lower

There has been 1 H1 highest open and 3 H1 lowest opens today.

How do you come to that conclusion?


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
  • #18,760
  • Jan 3, 2025 9:29am Jan 3, 2025 9:29am
Attached Image (click to enlarge)
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Notice what happened around the D1 open.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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