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Highest Open / Lowest Open Trade

  • #20,061
  • Mar 26, 2025 1:33pm Mar 26, 2025 1:33pm
Quoting LucasFX7
{quote} 1 - The entry was a little late. 2 - The ATR was far from ideal (100%) I believe these factors contributed to the stop. {image}
What color was the H1 candle when you entered?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,062
  • Mar 26, 2025 1:51pm Mar 26, 2025 1:51pm
Quoting TooSlow
{quote} What color was the H1 candle when you entered?
Green!
  • #20,063
  • Mar 26, 2025 2:57pm Mar 26, 2025 2:57pm
Quoting LucasFX7
{quote} Green!
And you traded short.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,064
  • Mar 26, 2025 3:17pm Mar 26, 2025 3:17pm
Quoting TooSlow
{quote} And you traded short.
So should I only focus on opportunities where the H1 candle is in my favor?
  • #20,065
  • Mar 27, 2025 12:09am Mar 27, 2025 12:09am
Why are they ask and bid price using the symbol wingding, are we suppose to enter when both of them overlay each other?
Of course assuming all the conditions are met.
  • #20,066
  • Mar 27, 2025 1:25am Mar 27, 2025 1:25am
Quoting TooSlow
{quote} And you traded short.
So is it better to trade only when the candle in which you are taking trade is red in 1 hour? also what is the ideal atr % to trade? I generally trade when atr% is above 60 what would you suggest?
  • #20,067
  • Mar 27, 2025 3:12am Mar 27, 2025 3:12am
+5,5
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  • #20,068
  • Mar 27, 2025 6:57am Mar 27, 2025 6:57am
Quoting LucasFX7
{quote} So should I only focus on opportunities where the H1 candle is in my favor?
What was the time of your entry?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,069
  • Mar 27, 2025 6:57am Mar 27, 2025 6:57am
Quoting Crows
Why are they ask and bid price using the symbol wingding, are we suppose to enter when both of them overlay each other? Of course assuming all the conditions are met.
Follow the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,070
  • Mar 27, 2025 7:01am Mar 27, 2025 7:01am
Quoting VM369
{quote} So is it better to trade only when the candle in which you are taking trade is red in 1 hour? also what is the ideal atr % to trade? I generally trade when atr% is above 60 what would you suggest?
Is it better to trade with or against a higher time frame candle color?

We are trading price, not ATR%. With HOLO, you wait for the opportunity to trade. Follow the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,071
  • Mar 27, 2025 7:23am Mar 27, 2025 7:23am
Quoting TooSlow
{quote} What was the time of your entry?
5 min before the new hour.
  • #20,072
  • Mar 27, 2025 7:24am Mar 27, 2025 7:24am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,073
  • Mar 27, 2025 7:27am Mar 27, 2025 7:27am
Quoting LucasFX7
{quote} 5 min before the new hour.
Reason you didn't wait for the next hour?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,074
  • Mar 27, 2025 7:39am Mar 27, 2025 7:39am
Quoting TooSlow
{quote} Reason you didn't wait for the next hour?
That's right, it makes sense. I made a mistake, thank you for your time teaching us.

I honestly hadn't even paid attention at the time.
  • #20,075
  • Mar 27, 2025 10:06am Mar 27, 2025 10:06am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,076
  • Mar 27, 2025 1:55pm Mar 27, 2025 1:55pm
USDJPY Trade #5 -5.7
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  • #20,077
  • Mar 27, 2025 2:19pm Mar 27, 2025 2:19pm
Quoting LucasFX7
USDJPY Trade #5 -5.7 {image}
You allowed a winner to become a loser. Is that part of your strategy?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,078
  • Mar 27, 2025 2:29pm Mar 27, 2025 2:29pm
Quoting TooSlow
{quote} You allowed a winner to become a loser. Is that part of your strategy?
The market was faster than me. I was looking for the initial 5 pip target, it quickly came back.

I don't know if I'm taking too long to exit the trade, what I know is that I'm exiting because the market is not going in my favor.
  • #20,079
  • Mar 27, 2025 2:31pm Mar 27, 2025 2:31pm
USDJPY Trade #6 -3
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  • #20,080
  • Mar 27, 2025 2:44pm Mar 27, 2025 2:44pm
Quoting LucasFX7
{quote} The market was faster than me. I was looking for the initial 5 pip target, it quickly came back. I don't know if I'm taking too long to exit the trade, what I know is that I'm exiting because the market is not going in my favor.
The market is dynamic. It is in motion. Looking for 5 pips is one thing. Having the opportunity to take 5 pips is another.

When you have the opportunity to take pips, you must ask yourself the proper question. Do you want to take profit or do you want to keep your money at risk?

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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