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Highest Open / Lowest Open Trade

  • #19,801
  • Feb 21, 2025 9:28am Feb 21, 2025 9:28am
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Notice extreme caution
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,802
  • Feb 22, 2025 10:28am Feb 22, 2025 10:28am
Who is taking the 10 trade challenge the week of February 23, 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
  • #19,803
  • Feb 23, 2025 1:40am Feb 23, 2025 1:40am
Quoting TooSlow
{quote} What is there to understand? Price goes up and down. Competence? There is an indicator that shows the line of entry. Are you competent enough to click the mouse to enter the trade at that point? There are almost 500 pages of HOLO that you can learn from.
Sometimes I feel like something else is needed. When I see your indicators showing how many days the price has been 50-100-150 pips away from HOLO, I think more inputs are needed for a meaningful trade.

Maybe I'm starting to overcomplicate things and really that base is enough.

I'm still learning, Mate. I'll be posting my trades on Monday. Cheers!
  • #19,804
  • Feb 23, 2025 9:11am Feb 23, 2025 9:11am
Quoting Malkolm
{quote} Sometimes I feel like something else is needed. When I see your indicators showing how many days the price has been 50-100-150 pips away from HOLO, I think more inputs are needed for a meaningful trade. Maybe I'm starting to overcomplicate things and really that base is enough. I'm still learning, Mate. I'll be posting my trades on Monday. Cheers!
Meaning? This is trading not philosophy

Before you enter the trade, decide how much you want to risk and determine likely places to take profit.

After you enter the trade, decide when you want to take profit if/when the opportunity happens.

The longer you wait, the longer you expose your money to risk. Note, to make more pips, usually means you are in the trade longer.

What is obvious, sometimes is not seen nor understood.

Cheers!



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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,805
  • Feb 23, 2025 9:50pm Feb 23, 2025 9:50pm
possible setup, will see how it plans out
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  • #19,806
  • Feb 23, 2025 9:55pm Feb 23, 2025 9:55pm
Triggered, first trade of the challenge
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  • #19,807
  • Feb 23, 2025 10:07pm Feb 23, 2025 10:07pm
10 trade challange pair USDJPY
trade 1 = +10 (use TP) *below yesterday low | 63% ATR
traded 2 = +10 (use TP) *inside yesterday range | 101% ATR
trade 3 = +10 (use TP) *inside yesterday range | 101% ATR
trade 4 = +5 (use TP) *below yesterday low | 52% ATR
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  • #19,808
  • Feb 23, 2025 10:30pm Feb 23, 2025 10:30pm
price hovering in zone so closed in loss will re enter if given the chance
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  • #19,809
  • Feb 23, 2025 11:46pm Feb 23, 2025 11:46pm
10 trade challange pair USDJPY
trade 1 = +10 (use TP) *below yesterday low | 63% ATR
traded 2 = +10 (use TP) *inside yesterday range | 101% ATR
trade 3 = +10 (use TP) *inside yesterday range | 101% ATR
trade 4 = +5 (use TP) *below yesterday low | 52% ATR
trade 5 = +5 (use TP) *below yesterday low | 56% ATR
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  • #19,810
  • Feb 23, 2025 11:47pm Feb 23, 2025 11:47pm
Input 1: +5

ATR almost 50%, took short term 5 pips from H1 and left the table

Post facto, the price reached the daily open and reversed
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  • #19,811
  • Feb 24, 2025 12:12am Feb 24, 2025 12:12am
2 trades taken today, 2 losses, not sure if I should be letting these run all the way to the stop or closing early and trying to re enter?, will continue testing and following the rules
should have been only one loss, but didnt move the second to BE+1 after 5 pips
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  • #19,812
  • Feb 24, 2025 12:14am Feb 24, 2025 12:14am
Quoting reinaldopb
10 trade challange pair USDJPY trade 1 = +10 (use TP) *below yesterday low | 63% ATR traded 2 = +10 (use TP) *inside yesterday range | 101% ATR trade 3 = +10 (use TP) *inside yesterday range | 101% ATR trade 4 = +5 (use TP) *below yesterday low | 52% ATR trade 5 = +5 (use TP) *below yesterday low | 56% ATR{image}
Could you drag your trade onto the chart so I could see when you entered please?
  • #19,813
  • Feb 24, 2025 1:02am Feb 24, 2025 1:02am
Quoting WallFlower
2 trades taken today, 2 losses, not sure if I should be letting these run all the way to the stop or closing early and trying to re enter?, will continue testing and following the rules should have been only one loss, but didnt move the second to BE+1 after 5 pips {image}

You and I entered the same trade, but you got out at a loss and I made a profit

Manage your trade and don't let the winner become the loser

Follow the rules outlined by TooSlow in the post #1
  • #19,814
  • Feb 24, 2025 1:30am Feb 24, 2025 1:30am
10 trade challange pair USDJPY
trade 1 = +10 (use TP) *below yesterday low | 63% ATR
traded 2 = +10 (use TP) *inside yesterday range | 101% ATR
trade 3 = +10 (use TP) *inside yesterday range | 101% ATR
trade 4 = +5 (use TP) *below yesterday low | 52% ATR
trade 5 = +5 (use TP) *below yesterday low | 56% ATR
trade 6 = -10 *below yesterday low | 59% ATR
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  • #19,815
  • Feb 24, 2025 1:35am Feb 24, 2025 1:35am
Quoting Malkolm
Input 1: +5 ATR almost 50%, took short term 5 pips from H1 and left the table Post facto, the price reached the daily open and reversed {image} {image}
Input 2: +5
Entered at point (1) at the maximum M30 open, took +5 pips at point (2) and exited the table.

Entry 3: -10
Entered at the maximum opening of H1, but took a loss of -10 pips at point (3).

More and more I began to think whether it is worth re-entering trades with such a low ATR, not exceeding the daily range?
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  • #19,816
  • Feb 24, 2025 2:10am Feb 24, 2025 2:10am
Quoting Malkolm
{quote} Input 2: +5 Entered at point (1) at the maximum M30 open, took +5 pips at point (2) and exited the table. Entry 3: -10 Entered at the maximum opening of H1, but took a loss of -10 pips at point (3). More and more I began to think whether it is worth re-entering trades with such a low ATR, not exceeding the daily range? {image} {image}



Entry 4: -3
Entered from the maximum opening price of M30 (point 1), stop loss (point 2)
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  • #19,817
  • Feb 24, 2025 5:32am Feb 24, 2025 5:32am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,818
  • Feb 24, 2025 5:39am Feb 24, 2025 5:39am
Quoting Malkolm
{quote} You and I entered the same trade, but you got out at a loss and I made a profit Manage your trade and don't let the winner become the loser Follow the rules outlined by TooSlow in the post #1

Same trade. Two traders. One winner.


What does this prove?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,819
  • Feb 24, 2025 5:49am Feb 24, 2025 5:49am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,820
  • Feb 24, 2025 6:04am Feb 24, 2025 6:04am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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