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Highest Open / Lowest Open Trade

  • #19,421
  • Jan 23, 2025 4:45pm Jan 23, 2025 4:45pm
Quoting TooSlow
{quote} Must consider whether you are trading with or against the current H4.
If the entry is against the 4H should I avoid?
  • #19,422
  • Jan 23, 2025 5:15pm Jan 23, 2025 5:15pm
Quoting Jannah02
{quote} If the entry is against the 4H should I avoid?
That is your choice whether or not to take the risk.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,423
  • Jan 23, 2025 5:36pm Jan 23, 2025 5:36pm
Quoting TooSlow
{quote} To stop LOSING and avoid FREIGHT TRAINS, look for the indicator to warn you when price has broken the previous day's high/low. Do not trade against the H4 candle when price has broken out of those levels.
does this still stand?
  • #19,424
  • Jan 23, 2025 6:45pm Jan 23, 2025 6:45pm
Quoting Jannah02
{quote} does this still stand?
These are merely suggestions.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,425
  • Jan 23, 2025 6:59pm Jan 23, 2025 6:59pm
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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
  • #19,426
  • Jan 23, 2025 7:24pm Jan 23, 2025 7:24pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,427
  • Jan 24, 2025 3:22am Jan 24, 2025 3:22am
4/10 gbpusd 0.01 -21.7 pips
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  • #19,428
  • Jan 24, 2025 5:48am Jan 24, 2025 5:48am
5/10 gbpusd 0.01
close by ts +10 pips
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  • #19,429
  • Jan 24, 2025 6:29am Jan 24, 2025 6:29am
Quoting javipenjamo
4/10 gbpusd 0.01 -21.7 pips {image}
Is it because you are trading 0.01 that you refused to exit for a 1 or 2 pip profit 4 times?

When the market gives you the opportunity to take a pip or 2 and then takes it back and then gives you a second chance, it behooves the trader to exit with a profit.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,430
  • Jan 24, 2025 6:49am Jan 24, 2025 6:49am
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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
  • #19,431
  • Jan 24, 2025 6:55am Jan 24, 2025 6:55am
Quoting TooSlow
{quote}¿Es porque estás operando a 0,01 que te negaste a salir para obtener una ganancia de 1 o 2 pips 4 veces? Cuando el mercado te da la oportunidad de ganar uno o dos pips y luego te los quita y luego te da una segunda oportunidad, le conviene al operador salir con una ganancia.
In the three losses there was no occasion in which the price was +5. Keep in mind that these are difficult days with a strong trend, but we are doing well, there is no problem every business has ups and downs in equity
  • #19,432
  • Jan 24, 2025 6:59am Jan 24, 2025 6:59am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,433
  • Jan 24, 2025 7:05am Jan 24, 2025 7:05am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,434
  • Jan 24, 2025 7:11am Jan 24, 2025 7:11am
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Follow the rules.

Heed the warnings.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,435
  • Jan 24, 2025 7:18am Jan 24, 2025 7:18am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,436
  • Jan 24, 2025 7:23am Jan 24, 2025 7:23am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,437
  • Jan 24, 2025 7:25am Jan 24, 2025 7:25am
Quoting javipenjamo
{quote} In the three losses there was no occasion in which the price was +5. Keep in mind that these are difficult days with a strong trend, but we are doing well, there is no problem every business has ups and downs in equity
You do not have to wait for +5. There were 3 or 4 opportunities to make +2. That's a total of +6 or +8.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,438
  • Jan 24, 2025 7:25am Jan 24, 2025 7:25am
[cita=TooSlow;15127019]{imagen}[/cita]

At first glance, I think it does not comply with rule n1
  • #19,439
  • Jan 24, 2025 7:36am Jan 24, 2025 7:36am
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How many times did price return to the area of interest?

How many times did price leave the area of interest?

There was one "HOLO text book" trade which gave the opportunity to take 15 pips. The other trades that left the area of interest were not text book trades but the opportunity was still there.

Hindsight is always 20/20.

Is one 15 pip trade enough?

What do you think is the reason I post the memes that I do?


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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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,440
  • Jan 24, 2025 7:53am Jan 24, 2025 7:53am
Quoting TooSlow
{image} ¿Cuántas veces el precio volvió al área de interés? ¿Cuántas veces el precio abandonó el área de interés? Hubo una operación de "libro de texto HOLO" que dio la oportunidad de ganar 15 pips. Las otras operaciones que abandonaron el área de interés no fueron operaciones de libro de texto, pero la oportunidad seguía ahí. La retrospectiva siempre es 20/20. ¿Es suficiente una operación de 15 pips? ¿Cuál cree que es la razón por la que publico los memes que publico? El método socrático recibe su nombre del filósofo griego clásico Sócrates. Es...
rule number 1 is not fulfilled, so I wish here we talk about another system or tempting fate... the work plan from my humble opinion makes you constant in the long term, if you add inventions it is a commercial currency system to the air
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