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Highest Open / Lowest Open Trade

  • #19,201
  • Jan 17, 2025 7:47am Jan 17, 2025 7:47am
Quoting Igumapips
Dear Mates, I took this trade setup in USDJPY, and I was stopped out at BE-15, but I want to know if I followed HOLO rules. It is not just to win or lose a trade but to see if you actually followed the rule because forex trading is not a gamble. If I win a trade, I go back to check if I actually followed the rules; the same happens if I lose a trade. My question is in the chart; please, mates, I want you to help me with the answer because I see the setup always. I might be interpreting it wrongly that was why I asked. One who ask questions, do not...
Please mark your entry and exit on the chart. Hard to see what you are talking about.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,202
  • Jan 17, 2025 7:49am Jan 17, 2025 7:49am
Quoting Pasha7777
Pips for everyone {image}
EAs are not welcome here.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,203
  • Jan 17, 2025 7:49am Jan 17, 2025 7:49am
Quoting gerval
{quote} Next bar fails to make a higher high/ lower low and reverses Below the bearish opening, above the bullish opening
NO.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,204
  • Jan 17, 2025 7:53am Jan 17, 2025 7:53am
Attached Image (click to enlarge)
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What one condition should happen before you consider entering against the breakout?

If you are not using the tools provided, you are not learning.

HINT: I discussed this a 2 or 3 weeks ago.


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
  • #19,205
  • Jan 17, 2025 8:04am Jan 17, 2025 8:04am
Quoting TooSlow
{image} What one condition should happen before you consider entering against the breakout? If you are not using the tools provided, you are not learning. HINT: I discussed this a 2 or 3 weeks ago. 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.
the 4 hour candle and 1 hour candle being the same colour it means price may continue in the direction of the breakout
  • #19,206
  • Jan 17, 2025 8:05am Jan 17, 2025 8:05am
Quoting TooSlow
{quote} EAs are not welcome here.
Advisors???I opened these deals myself
  • #19,207
  • Jan 17, 2025 8:09am Jan 17, 2025 8:09am
Quoting Jannah02
{quote} the 4 hour candle and 1 hour candle being the same colour it means price may continue in the direction of the breakout
NO.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,208
  • Jan 17, 2025 8:10am Jan 17, 2025 8:10am
Quoting Pasha7777
{quote}Advisors???I opened these deals myself
Did you use an EA?

EAs print marks for TP and SL.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,209
  • Jan 17, 2025 8:14am Jan 17, 2025 8:14am
Quoting TooSlow
{quote} Did you use an EA? EAs print marks for TP and SL.
mt4. Click the transaction history tab and move one to the chart...And so it will be.I assure you
  • #19,210
  • Jan 17, 2025 8:16am Jan 17, 2025 8:16am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,211
  • Jan 17, 2025 8:22am Jan 17, 2025 8:22am
Quoting Pasha7777
{quote}mt4. Click the transaction history tab and move one to the chart...And so it will be.I assure you
OK, Mate. No worries.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,212
  • Jan 17, 2025 8:31am Jan 17, 2025 8:31am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,213
  • Jan 17, 2025 8:37am Jan 17, 2025 8:37am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,214
  • Jan 17, 2025 8:48am Jan 17, 2025 8:48am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 27 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,215
  • Jan 17, 2025 9:10am Jan 17, 2025 9:10am
Attached Image (click to enlarge)
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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


Price Action #advancedalientrading

1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
3) Price will either close above a level (line) or not.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,216
  • Jan 17, 2025 9:25am Jan 17, 2025 9:25am
Quoting TooSlow
{quote} Please mark your entry and exit on the chart. Hard to see what you are talking about.
I have marked my entry points
Attached Image (click to enlarge)
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  • #19,217
  • Jan 17, 2025 9:34am Jan 17, 2025 9:34am
Quoting Igumapips
{quote} I have marked my entry points {image}
We can't see how price moved after your entry. Mark on M5 or M1 chart.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,218
  • Jan 17, 2025 9:36am Jan 17, 2025 9:36am
Quoting Igumapips
{quote} I have marked my entry points {image}
Was H1 green when you entered the first entry?!

The second entry looks like there was an opportunity to take profit.

What is your money management strategy?

What is your risk management strategy?


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
  • #19,219
  • Jan 17, 2025 9:57am Jan 17, 2025 9:57am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 29 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,220
  • Jan 17, 2025 10:00am Jan 17, 2025 10:00am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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