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Highest Open / Lowest Open Trade

  • #18,941
  • Jan 10, 2025 2:39pm Jan 10, 2025 2:39pm
Many newcomers to this thread want to offer suggestions BEFORE they have even taken 1 challenge. It is that way in life. One must put in the work, first. One must learn and practice the basics. Most do not take the time to study and practice. They are not dedicated. Instead, they dabble. They look for the indicator du jour. Use these settings for your oscillators and you'll win!

This thread has been here since 2016. What has changed from POST #1? Nothing. Trading the same way for almost a decade. What you only have horizontal lines on your chart? You need to add...

It is amusing. I only laugh at myself, because I was traveling that same road.

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"Perfection is not when you have nothing more to add, but when you have nothing more to take away." - Antoine De Saint Exupery

"It is not about adding on, but taking away. The less technique, the better you are." - Bruce Lee

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,942
  • Jan 10, 2025 2:41pm Jan 10, 2025 2:41pm
Quoting TooSlow
{quote} What do lower lows indicate? What do higher lows indicate? What do lower highs indicate? What do higher highs indicate? What events can happen next when the price is in the area of interest? 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. {image} {image} {image}
Quote
What do lower lows indicate?


About the price going down (LL)

Quote
What do higher lows indicate?
Price makes a downward pullback before trending upward (HL)

Quote
What do lower highs indicate?
Price makes an upward pullback before falling back down the trendline (LH)


Quote
What do higher highs indicate?
The price is going up (HH)



https://forexbee.co/wp-content/uploa...-1-800x500.png
  • #18,943
  • Jan 10, 2025 2:44pm Jan 10, 2025 2:44pm
Quoting TooSlow
Many newcomers to this thread want to offer suggestions BEFORE they have even taken 1 challenge. It is that way in life. One must put in the work, first. One must learn and practice the basics. Most do not take the time to study and practice. They are not dedicated. Instead, they dabble. They look for the indicator du jour. Use these settings for your oscillators and you'll win! This thread has been here since 2016. What has changed from POST #1? Nothing. Trading the same way for almost a decade. What you only have horizontal lines on your chart?...
Very true!
  • #18,944
  • Jan 10, 2025 2:46pm Jan 10, 2025 2:46pm
Quoting TooSlow
{quote} So there is no entry on the bar (1)!
Thank you!
So, after bar (1) closed, bar (2) opened, which was the M30 minimum opening.
Since it is a new bar (2) that did NOT break the minimum, bar (2) was the entry point. Right? Wasn't this a violation of rule #1?
  • #18,945
  • Jan 10, 2025 2:47pm Jan 10, 2025 2:47pm
Quoting Malkolm
{quote} {quote} About the price going down (LL) {quote} Price makes a downward pullback before trending upward (HL) {quote} Price makes an upward pullback before falling back down the trendline (LH) {quote} The price is going up (HH) https://forexbee.co/wp-content/uploa...-1-800x500.png
You missed a question:

What events can happen next when the price is in the area of interest?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,946
  • Jan 10, 2025 2:49pm Jan 10, 2025 2:49pm
Quoting Malkolm
{quote} Thank you! So, after bar (1) closed, bar (2) opened, which was the M30 minimum opening. Since it is a new bar (2) that did NOT break the minimum, bar (2) was the entry point. Right? Wasn't this a violation of rule #1?
What chart are you looking at? M5 or M30?


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.
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,947
  • Jan 10, 2025 2:50pm Jan 10, 2025 2:50pm
Quoting TooSlow
{quote} You missed a question: What events can happen next when the price is in the area of interest?
Sorry Mate, was updating my reply in the last post.

Like you said, price will either continue to update the highs/minimums or vice versa, turn away from the zone of interest
  • #18,948
  • Jan 10, 2025 2:53pm Jan 10, 2025 2:53pm
Quoting TooSlow
{quote} What chart are you looking at? M5 or M30? 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. {image}
M5, yes, as shown in your screenshot
  • #18,949
  • Jan 10, 2025 2:56pm Jan 10, 2025 2:56pm
Quoting TooSlow
Many newcomers to this thread want to offer suggestions BEFORE they have even taken 1 challenge. It is that way in life. One must put in the work, first. One must learn and practice the basics. Most do not take the time to study and practice. They are not dedicated. Instead, they dabble. They look for the indicator du jour. Use these settings for your oscillators and you'll win! This thread has been here since 2016. What has changed from POST #1? Nothing. Trading the same way for almost a decade. What you only have horizontal lines on your chart?...
100% the simpler the way better
  • #18,950
  • Jan 10, 2025 5:53pm Jan 10, 2025 5:53pm
хороших выходных using this method, my week went great.
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  • #18,951
  • Jan 10, 2025 6:54pm Jan 10, 2025 6:54pm
Quoting Malkolm
{quote} M5, yes, as shown in your screenshot
Then the candle in question did not make a new M5 extreme. It was not an M5 breakout candle. Rule #1 was not violated.

Yes, the M15, M30 and H1 may all have broken out. Price was retracing.

The rules are there to teach traders this method. Once they have mastered the method, they can take trades that bend or break the rules.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,952
  • Jan 10, 2025 7:01pm Jan 10, 2025 7:01pm
Who is taking the 10 trade challenge the week of January 12, 2025?

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
  • #18,953
  • Jan 10, 2025 10:31pm Jan 10, 2025 10:31pm
I'm in
  • #18,954
  • Jan 11, 2025 9:19am Jan 11, 2025 9:19am
Quoting TooSlow
Many newcomers to this thread want to offer suggestions BEFORE they have even taken 1 challenge. It is that way in life. One must put in the work, first. One must learn and practice the basics. Most do not take the time to study and practice. They are not dedicated. Instead, they dabble. They look for the indicator du jour. Use these settings for your oscillators and you'll win! This thread has been here since 2016. What has changed from POST #1? Nothing. Trading the same way for almost a decade. What you only have horizontal lines on your chart?...
The reason I started learning this strategy is because when I studied the posting in the thread from 2016 to date, nothing was changed.
So many traders change strategy from time to time.
  • #18,955
  • Jan 12, 2025 6:16pm Jan 12, 2025 6:16pm
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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
  • #18,956
  • Jan 12, 2025 6:30pm Jan 12, 2025 6:30pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,957
  • Jan 12, 2025 6:40pm Jan 12, 2025 6:40pm
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You were warned.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,958
  • Jan 12, 2025 6:51pm Jan 12, 2025 6:51pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,959
  • Jan 12, 2025 6:57pm Jan 12, 2025 6:57pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,960
  • Jan 12, 2025 7:02pm Jan 12, 2025 7:02pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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