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Highest Open / Lowest Open Trade

  • #19,021
  • Jan 13, 2025 1:22pm Jan 13, 2025 1:22pm
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The SESSIONS indicator shades the range of the Asian, London and New York sessions.

Price dropped below the daily open D1[0] and stayed below until the New York session when it crossed above/below it twice.

Did you take notice? Did you even look for it? It was there the whole, entire time.


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
  • #19,022
  • Jan 13, 2025 1:32pm Jan 13, 2025 1:32pm
“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

For 1 to happen, what does price have to do?

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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
  • #19,023
  • Jan 13, 2025 1:42pm Jan 13, 2025 1:42pm
Quoting TooSlow
“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 For 1 to happen, what does price have to do? {image} 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...
The price should update the high (or low) of the day.

A new high (or low) of the day's opening price (M1/M5/M15/M30/H1/H4) will appear
  • #19,024
  • Jan 13, 2025 2:17pm Jan 13, 2025 2:17pm
Quoting Malkolm
{quote} The price should update the high (or low) of the day. A new high (or low) of the day's opening price (M1/M5/M15/M30/H1/H4) will appear
Elaborate.

HINT: Answer should contain a word that indicates a direction.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,025
  • Jan 13, 2025 6:40pm Jan 13, 2025 6:40pm
Quoting TooSlow
{quote} Elaborate. HINT: Answer should contain a word that indicates a direction.
The direction is always the same, and this is the opening of the day...right?
  • #19,026
  • Jan 13, 2025 7:47pm Jan 13, 2025 7:47pm
Quoting Pasha7777
{quote} The direction is always the same, and this is the opening of the day...right?
NO.
This is simple.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,027
  • Jan 13, 2025 9:57pm Jan 13, 2025 9:57pm
Quoting TooSlow
{quote} Elaborate. HINT: Answer should contain a word that indicates a direction.
Momentum.
  • #19,028
  • Jan 13, 2025 10:52pm Jan 13, 2025 10:52pm
Quoting DwnUndrTrdr
{quote} Momentum.
No.

Reread the question and take the hint.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,029
  • Jan 13, 2025 11:31pm Jan 13, 2025 11:31pm
Quoting TooSlow
{quote} No. Reread the question and take the hint.
She should be moving in that direction.
  • #19,030
  • Jan 14, 2025 1:16am Jan 14, 2025 1:16am
up
  • #19,031
  • Jan 14, 2025 3:02am Jan 14, 2025 3:02am
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  • #19,032
  • Jan 14, 2025 3:08am Jan 14, 2025 3:08am
Quoting TooSlow
{quote} Elaborate. HINT: Answer should contain a word that indicates a direction.

If we are talking about DIRECTING the price to the highs, then the price just needs to push off from its daily opening price
  • #19,033
  • Jan 14, 2025 3:09am Jan 14, 2025 3:09am
Quoting Malkolm
{quote} If we are talking about DIRECTING the price to the highs, then the price just needs to push off from its daily opening price
At that time, as I understand it, the direction of price movement today is determined after the Asian session closes - more likely, it will continue to head in the same direction
  • #19,034
  • Jan 14, 2025 3:11am Jan 14, 2025 3:11am
the question is how can we know the candle that is going to preform a new low then reverse to the upside, (same thing for condles with new highs)
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Be ruthless, don't give anything back
  • #19,035
  • Jan 14, 2025 5:06am Jan 14, 2025 5:06am
I tried it 4 times...stop stop stop...
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  • #19,036
  • Jan 14, 2025 5:07am Jan 14, 2025 5:07am
Quoting Malkolm
{quote} If we are talking about DIRECTING the price to the highs, then the price just needs to push off from its daily opening price
Getting warmer...
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,037
  • Jan 14, 2025 5:07am Jan 14, 2025 5:07am
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  • #19,038
  • Jan 14, 2025 5:07am Jan 14, 2025 5:07am
Quoting youssef-B
the question is how can we know the candle that is going to preform a new low then reverse to the upside, (same thing for condles with new highs) {image}
That's not the question at all, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,039
  • Jan 14, 2025 5:09am Jan 14, 2025 5:09am
Quoting Pasha7777
I tried it 4 times...stop stop stop... {image}
Looks like there was an opportunity to make 5 pips 4 times!!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,040
  • Edited 5:28am Jan 14, 2025 5:10am | Edited 5:28am
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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

For 1 to happen, what does price have to do?

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Let's play Hangman! 4 words.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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