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Highest Open / Lowest Open Trade

  • #18,981
  • Jan 13, 2025 7:11am Jan 13, 2025 7:11am
Quoting Jannah02
I am up 3% today all thanks to this trading strategy, TooSlow I can't thank you enough you have really helped me alot honestly
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,982
  • Jan 13, 2025 7:12am Jan 13, 2025 7:12am
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  • #18,983
  • Jan 13, 2025 7:18am Jan 13, 2025 7:18am
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  • #18,984
  • Jan 13, 2025 7:23am Jan 13, 2025 7:23am
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  • #18,985
  • Jan 13, 2025 7:25am Jan 13, 2025 7:25am
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  • #18,986
  • Jan 13, 2025 7:28am Jan 13, 2025 7:28am
According to the strategy this trade would have been correct?
The lowest H1 open occured 2 hours before.

Thx
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  • #18,987
  • Jan 13, 2025 7:34am Jan 13, 2025 7:34am
Quoting lorecavoli
According to the strategy this trade would have been correct? The lowest H1 open occured 2 hours before. Thx {image}
Did it break any 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
  • #18,988
  • Jan 13, 2025 7:41am Jan 13, 2025 7:41am
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  • #18,989
  • Jan 13, 2025 7:43am Jan 13, 2025 7:43am
Quoting TooSlow
{quote} Did it break any 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 don't think so
  • #18,990
  • Jan 13, 2025 7:45am Jan 13, 2025 7:45am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,991
  • Jan 13, 2025 7:49am Jan 13, 2025 7:49am
Quoting lorecavoli
{quote} I don't think so
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,992
  • Jan 13, 2025 7:54am Jan 13, 2025 7:54am
Quoting TooSlow
{quote} {image}
I thought it made a new low on this hour candle
  • #18,993
  • Jan 13, 2025 7:56am Jan 13, 2025 7:56am
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  • #18,994
  • Jan 13, 2025 7:57am Jan 13, 2025 7:57am
Quoting Jannah02
{quote} I thought it made a new low on this hour candle
There is no "thinking". Either it did or it didn't. Which is it?


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
  • #18,995
  • Jan 13, 2025 7:58am Jan 13, 2025 7:58am
Quoting TooSlow
{quote} There is no "thinking". Either it did or it didn't. Which is it? 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.
it did make a new daily low, I didn't take the trade because of this
  • #18,996
  • Jan 13, 2025 8:04am Jan 13, 2025 8:04am
Quoting Jannah02
{quote} it did make a new daily low, I didn't take the trade because of this
Aren't you looking at the M5 chart?

Didn't price start making higher lows?


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
  • #18,997
  • Jan 13, 2025 8:21am Jan 13, 2025 8:21am
Quoting Jannah02
{quote} but the 1h candle is a breakout bar, I'm a bit confused now
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,998
  • Jan 13, 2025 8:24am Jan 13, 2025 8:24am
Quoting TooSlow
{quote} {image}
so if price starts reversing to the open of the high/lowest candle on the 1H breakout bar, there is opportunity to enter as soon as it passes the open?
  • #18,999
  • Jan 13, 2025 8:51am Jan 13, 2025 8:51am
Quoting Jannah02
{quote} so if price starts reversing to the open of the high/lowest candle on the 1H breakout bar, there is opportunity to enter as soon as it passes the open?
See Rule #8
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,000
  • Jan 13, 2025 9:36am Jan 13, 2025 9:36am
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What do you do now?


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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