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Highest Open / Lowest Open Trade

  • #18,881
  • Jan 8, 2025 9:16am Jan 8, 2025 9:16am
Quoting Jannah02
{quote} random question but do you believe in God lol
Sorry, Mate, I don't believe in higher powers. Doesn't mean they don't exist. I am too pragmatic. My free will choices create my destiny.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,882
  • Jan 8, 2025 9:20am Jan 8, 2025 9:20am
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Since the highest open, many traders have gained and lost in the space from 158.45 to 158.25. I am not one of them. Sticking with one instrument and one method works best for me.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,883
  • Jan 8, 2025 11:18am Jan 8, 2025 11:18am
I have finally done over 10-15 trades using this method without changing the rules or skipping them. What I can say is this method is very clear and precise, you will profit from it the more you practice it. Anyone that is taking many losses and claims they are following the rules... they probably aren't really following them. Sticking to one pair until you have mastered it is very important as you will become confused and mess up by trading numerous pairs at the same time because you have not fully memorised and understood the rules. Also, the more you observe the market the more clearer things will become for you it's that simple to be honest but people get bored of repeating and watching the same thing over and over which is why they might fail or try to change things, bare this in mind when you try this method.
Thank you TooSlow for helping us all by being open and providing responses and charts frequently it's nice to see a giving person in a world full of greed.
I thought I'd make this post for anyone who has doubts and concerns towards the strategy (:
Thank you for your time
  • #18,884
  • Jan 8, 2025 11:29pm Jan 8, 2025 11:29pm
They stopped me first--10___Stick to the rules!!!after-+18,+7
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  • #18,885
  • Jan 9, 2025 12:13am Jan 9, 2025 12:13am
Quoting TooSlow
{quote} And the reason you did not enter long?
I'm sorry, but it's not always possible to always be near a computer, I just haven't seen it.
  • #18,886
  • Jan 9, 2025 3:59am Jan 9, 2025 3:59am
Quoting TooSlow
{image} Since the highest open, many traders have gained and lost in the space from 158.45 to 158.25. I am not one of them. Sticking with one instrument and one method works best for me. {image}
Are your trades using this method all relatively small? Like a couple of pips. The open and the close of every order you share seem very close. Or am i missing something?
  • #18,887
  • Jan 9, 2025 6:30am Jan 9, 2025 6:30am
1st entry went to SL

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There was a 2nd entry that would have given benefits (after breaking the previous minimum day), although I could not take it because I was not on the PC

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  • #18,888
  • Jan 9, 2025 7:29am Jan 9, 2025 7:29am
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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
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,889
  • Jan 9, 2025 7:30am Jan 9, 2025 7:30am
Quoting Pasha7777
{quote} I'm sorry, but it's not always possible to always be near a computer, I just haven't seen it.
Then what was the reason you posted the chart if you're not trading?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,890
  • Jan 9, 2025 7:32am Jan 9, 2025 7:32am
Quoting PipThePanda
{quote} Are your trades using this method all relatively small? Like a couple of pips. The open and the close of every order you share seem very close. Or am i missing something?
Some trades are a few pips. Some trades are larger. Some trades even lose.

When you risk
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more than a few dollars, it is wise to take profits when they appear.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,891
  • Jan 9, 2025 7:35am Jan 9, 2025 7:35am
Quoting gerval
1st entry went to SL {image} {image} There was a 2nd entry that would have given benefits (after breaking the previous minimum day), although I could not take it because I was not on the PC {image}
The first entry violated Rule #2. And there was an opportunity to make a pip or 2.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,892
  • Jan 9, 2025 7:37am Jan 9, 2025 7:37am
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See Rule #1.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,893
  • Jan 9, 2025 7:48am Jan 9, 2025 7:48am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,894
  • Jan 9, 2025 7:52am Jan 9, 2025 7:52am
UJ buy +5
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  • #18,895
  • Jan 9, 2025 9:00am Jan 9, 2025 9:00am
Quoting TooSlow
{quote} Then what was the reason you posted the chart if you're not trading?
I agree with you, you shouldn't have done that...the method requires attention.
  • #18,896
  • Jan 9, 2025 9:35am Jan 9, 2025 9:35am
Ucad sell +4
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  • #18,897
  • Jan 9, 2025 9:52am Jan 9, 2025 9:52am
Quoting TooSlow
{quote} The first entry violated Rule #2. And there was an opportunity to make a pip or 2.
I usually put a limit order, but this time I entered with a market order and a small movement... violated rule #1.
When you say that I was able to get one or two points, I don't understand, if I risk 5 pips I get out in 1 or 2 pips - spread?
  • #18,898
  • Jan 9, 2025 6:11pm Jan 9, 2025 6:11pm
Quoting gerval
{quote} I usually put a limit order, but this time I entered with a market order and a small movement... violated rule #1. When you say that I was able to get one or two points, I don't understand, if I risk 5 pips I get out in 1 or 2 pips - spread?
What exactly don't you understand?

If you are in a trade and the price stops moving in your direction and maybe starts reversing direction, take the 1 or 2 pips. No need to let it hit your stop loss when you are actively trading. Once you exit the trade, risk is OFF, Mate!

Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,899
  • Jan 9, 2025 10:20pm Jan 9, 2025 10:20pm
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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
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,900
  • Jan 10, 2025 3:58am Jan 10, 2025 3:58am
Quoting Igumapips
{quote} Thanks for the work you have done according to you "I am a strong believer that any publicly shared EA won’t work long-term" Can you share why?
Short answear by a question: Show me one?
Long answear:
Once an EA becomes public, many traders adopt it. This widespread use can diminish its effectiveness as market inefficiencies are quickly exploited and corrected by the collective actions of traders using the same EA.
Publicly shared EAs often rely on common strategies that many traders can access. As more traders use similar strategies, the potential for profit decreases as the trade setups are recognized and countered by other market participants.
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