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Highest Open / Lowest Open Trade

  • #19,221
  • Jan 17, 2025 10:21am Jan 17, 2025 10:21am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,222
  • Jan 17, 2025 10:21am Jan 17, 2025 10:21am
Quoting TooSlow
{quote} 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.
Which of the H1 are you referring to?
My Risk Management strategy is in very trade, I risk 2% of my capital
In this trade, I got 30 pips profit because it hit BE-15 twice.
  • #19,223
  • Jan 17, 2025 10:31am Jan 17, 2025 10:31am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,224
  • Jan 17, 2025 10:34am Jan 17, 2025 10:34am
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...
Perhaps there is a language problem. BE-15 implies a loss.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,225
  • Jan 17, 2025 10:49am Jan 17, 2025 10:49am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,226
  • Jan 17, 2025 10:57am Jan 17, 2025 10:57am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,227
  • Jan 17, 2025 11:00am Jan 17, 2025 11:00am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,228
  • Jan 17, 2025 11:07am Jan 17, 2025 11:07am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,229
  • Jan 17, 2025 11:19am Jan 17, 2025 11:19am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,230
  • Jan 17, 2025 11:26am Jan 17, 2025 11:26am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,231
  • Jan 17, 2025 11:30am Jan 17, 2025 11:30am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,232
  • Jan 17, 2025 11:32am Jan 17, 2025 11:32am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,233
  • Jan 17, 2025 11:36am Jan 17, 2025 11:36am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,234
  • Jan 17, 2025 11:49am Jan 17, 2025 11:49am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,235
  • Jan 17, 2025 12:00pm Jan 17, 2025 12:00pm
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.

I'm out of ideas, Mate.

Is this related to the ATR? Don't want to play a guessing game, would love another clue from you. Cheers!
  • #19,236
  • Jan 17, 2025 12:06pm Jan 17, 2025 12:06pm
Quoting Malkolm
{quote} I'm out of ideas, Mate. Is this related to the ATR? Don't want to play a guessing game, would love another clue from you. Cheers!
Keep going...
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,237
  • Jan 17, 2025 12:30pm Jan 17, 2025 12:30pm
Who is taking the 10 trade challenge the week of January 19, 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
  • #19,238
  • Jan 17, 2025 1:06pm Jan 17, 2025 1:06pm
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.
PRICE has to consolidate or start ranging before we will take the trade and also is good when we are near or at daily ADR. Also is good to check H4 if there is freight train or not.
  • #19,239
  • Jan 17, 2025 1:14pm Jan 17, 2025 1:14pm
Quoting LooseMyMoney
{quote} PRICE has to consolidate or start ranging before we will take the trade and also is good when we are near or at daily ADR. Also is good to check H4 if there is freight train or not.
"when we are near or at daily ADR." What does that mean?

"PRICE has to consolidate or start ranging" Isn't price always ranging or consolidating?

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
  • #19,240
  • Jan 17, 2025 3:53pm Jan 17, 2025 3:53pm
Quoting TooSlow
{quote} Perhaps there is a language problem. BE-15 implies a loss.
It is a sell position so BE-15 cannot be loss
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