Highest Open / Lowest Open Trade

Quoting TooSlow

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{image} “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? _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Let's play Hangman!

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Quoting TooSlow

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{quote} Looks like there was an opportunity to make 5 pips 4 times!!

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Quoting Pasha7777

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I tried it 4 times...stop stop stop... {image}

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Quoting TooSlow

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{quote} The first couple of time the market provides the opportunity to take 5 pips, TAKE 5 PIPS! Then after you do that 2 or 3 times, you can go for bigger wins. Hit your daily goal, first. Cheers, Mate.

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Quoting Jannah02

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{quote} as soon as you see price reversing is that the moment you take profit or is it better to wait it out

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Quoting TooSlow

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{image} Some traders are so fixed on the ball, they never see the gorilla! https://youtu.be/vJG698U2Mvo?si=WIeMbzNUCkR-HIoM What does the chart tell you? Do not think about the "rules". Look with your own eyes and see what is obvious. What is the gorilla on the chart? {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 stimulate critical thinking and to illuminate ideas.

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