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Highest Open / Lowest Open Trade

  • #19,981
  • Mar 15, 2025 11:45am Mar 15, 2025 11:45am
Quoting TooSlow
and the lowest M15 open is below the M30 open...


Thanks for the tips, Mate.

I am applying 1 tip by adjusting the trade in % of my equity.

But there is some difficulty with the exit - should I consider exiting the trade to long on the M30 opening low if entered on H1, assuming the days opening low of M15=M30?
  • #19,982
  • Mar 15, 2025 3:50pm Mar 15, 2025 3:50pm
Quoting MichaelG
{quote} Hi Marcelo. Looking at your chart(s), there are a couple of things to note. {image} Firstly, as TS said, there is no mention of the H1 high(or low) in the rules. You should be looking at the DAILY high (or low) as you reference. Candle A made that Daily high (at that time) and not Candle B. Candle B did print the Lowest H1 open as you have correctly marked and Candle C activated your trade entry, which is always at the Lowest H1 Open price. Again, correctly marked. Your STOP should be at the Daily HIGH. Secondly, you have the previous days...
Hi Michael,
Just following up on this thread would like to clarify this.
Since we are looking for a sell should't we look for the daily high and highest h1 open for the day. I am checking the chart you have posted and i thought area of interest would have been candle A open and high , since it printed the day high and highest open ?
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  • #19,983
  • Edited 6:16pm Mar 15, 2025 5:56pm | Edited 6:16pm
Quoting Snirodha
{quote} Hi Michael, Just following up on this thread would like to clarify this. Since we are looking for a sell should't we look for the daily high and highest h1 open for the day. I am checking the chart you have posted and i thought area of interest would have been candle A open and high , since it printed the day high and highest open ? {image}
You are absolutely right Mate. My apologies. Not sure what I was thinking. Can't blame the Wife for that one
Unfortunately, I can't edit that post now, but I have asked for it to be deleted.
Thanks for your eagle eyes.
  • #19,984
  • Mar 15, 2025 6:07pm Mar 15, 2025 6:07pm
Quoting FX.Knight
{quote} I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION Hey, thank you for the examples, I feel like I have a basic understanding of the system but want to get some clarification on a few things. 1. Lowest H1 Open (A) + Low of the Day (B) = Area of Interest (AOI) 2. Once AOI is formed, drop down to a lower timeframe (15 minute) and watch for a candle to enter the AOI and as soon as it exits, go long. 3. I was originally under the impression that you would Buy on candle B after it goes lower than the Lowest H1 Open and then...
Hey Mate.
The idea is that you are waiting for a lower time frame candle (M30,M15,M5,M1) to OPEN in the AOI to validate the trade.

Yes. Candle B DID enter the AOI, but the trade was validated when Candle C OPENED in the AOI.
As TS mentions, the rules are there as a "structure," but after mastering the basics, you may want to mold the method to suit your needs. (bend the rules )
Cheers
  • #19,985
  • Mar 15, 2025 7:21pm Mar 15, 2025 7:21pm
Quoting TooSlow
{quote} It's not my system so I don't take credit for it. What are the reasons you are breaking rules, Mate?
Hello, but the way you show the strategy, and have been teaching for the last 9 years, makes you deserve thanks for this thread!

Trading is something difficult for many people, there are several ways to teach, learn and trade. I like the way you teach.

I had misinterpreted rule number #1. From what I observed, when the H1 candle, or shorter time frames like M5 and M15, is breaking the high/low of the day, or even the previous day, it becomes a breakout bar, so we should wait for the next candle. If it is the case of an H1 candle, we should wait for the next hour to start thinking about a trade, and that's where I was wrong, because I hadn't noticed these details!
  • #19,986
  • Mar 15, 2025 11:09pm Mar 15, 2025 11:09pm
Quoting LucasFX7
{quote} Hello, but the way you show the strategy, and have been teaching for the last 9 years, makes you deserve thanks for this thread! Trading is something difficult for many people, there are several ways to teach, learn and trade. I like the way you teach. I had misinterpreted rule number #1. From what I observed, when the H1 candle, or shorter time frames like M5 and M15, is breaking the high/low of the day, or even the previous day, it becomes a breakout bar, so we should wait for the next candle. If it is the case of an H1 candle, we should...
https://neelraman.com/why-giving-wit...nce-your-life/
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,987
  • Mar 16, 2025 12:01am Mar 16, 2025 12:01am
Quoting MichaelG
{quote} You are absolutely right Mate. My apologies. Not sure what I was thinking. Can't blame the Wife for that one Unfortunately, I can't edit that post now, but I have asked for it to be deleted. Thanks for your eagle eyes.
Thanks a lot mate. Really appreciate your help clarifying it.
  • #19,988
  • Mar 16, 2025 9:58pm Mar 16, 2025 9:58pm
[quote=MichaelG;15182743]{quote} Hola de nuevo, Marcelo. Aquí había una operación de COMPRA disponible en el AUDUSD ayer (viernes). {image} Si observas primero el gráfico H1, puedes ver la apertura más baja de H1... y el MÍNIMO diario (Vela A). El área intermedia es el Área de Interés (AOI), donde buscamos una vela de marco temporal inferior para ABRIR en el AOI y validar una operación. Como puedes ver, la Vela B entró en el AOI. Si bajas al marco temporal M15, verás que la Vela C SÍ abrió en el AOI, por lo que hay una operación válida disponible. Al subir la Vela C, se habría activado una entrada en la apertura más baja de H1 y, como puedes ver, habría sido una operación ganadora. Ten en cuenta que el marco temporal M30 NO te habría dado una entrada válida, por lo que el M15 resultó ser el marco temporal ideal en esta ocasión. Espero que te sirva, amigo, y disculpa la demora. Saludos, Michael.

Hiiii my dear friend, very thanks for the example, i have a question, Can our first candle after the opening candle mark our lowest opening and daily low?, as in the following example? Thank you all and have a great trading week.
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  • #19,989
  • Mar 17, 2025 5:40am Mar 17, 2025 5:40am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,990
  • Mar 17, 2025 8:51am Mar 17, 2025 8:51am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,991
  • Mar 17, 2025 9:40am Mar 17, 2025 9:40am
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  • #19,992
  • Mar 17, 2025 9:58am Mar 17, 2025 9:58am
UJ ruun
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  • #19,993
  • Mar 17, 2025 10:24am Mar 17, 2025 10:24am
Buy Example and Sell Example for today NewYork Session
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  • #19,994
  • Mar 17, 2025 12:06pm Mar 17, 2025 12:06pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,995
  • Mar 17, 2025 12:08pm Mar 17, 2025 12:08pm
Quoting LinuxBoy97
Buy Example and Sell Example for today NewYork Session {image}

During the challenge, you must only trade one pair.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,996
  • Edited 1:12pm Mar 17, 2025 12:36pm | Edited 1:12pm
PAGINA 1000 .....!!!!!
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  • #19,997
  • Mar 17, 2025 5:18pm Mar 17, 2025 5:18pm
Quoting TooSlow
{quote} During the challenge, you must only trade one pair.
understood, yes I understood HOLO? Were my operations correct?
  • #19,998
  • Edited 1:15am Mar 18, 2025 12:54am | Edited 1:15am
It has great accuracy but generally risk reward is not in favor sometimes when i make 5 pips and then in one day it takes away 20 pips at once can someone help with that part
Like today in UJ
got sell trade at 149.739 which was highest h1 open but sl was till the high of the day and in most of the trades I am facing similar issue can anyone help clear this up
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  • #19,999
  • Mar 18, 2025 5:34am Mar 18, 2025 5:34am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,000
  • Mar 18, 2025 5:35am Mar 18, 2025 5:35am
Quoting VM369
It has great accuracy but generally risk reward is not in favor sometimes when i make 5 pips and then in one day it takes away 20 pips at once can someone help with that part Like today in UJ got sell trade at 149.739 which was highest h1 open but sl was till the high of the day and in most of the trades I am facing similar issue can anyone help clear this up {image}
Why do you let price take away 20 pips?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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