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Highest Open / Lowest Open Trade

  • #20,081
  • Mar 27, 2025 2:44pm Mar 27, 2025 2:44pm
USDJPY Trade #7 +5.1
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  • #20,082
  • Mar 27, 2025 2:48pm Mar 27, 2025 2:48pm
Quoting TooSlow
{quote} 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!
Very good, thank you!
  • #20,083
  • Mar 27, 2025 3:01pm Mar 27, 2025 3:01pm
What I noticed is that the system is fast. You need to make quick decisions.

As soon as the price moves in favor of your entry, we should observe how many pips the market is offering us and if it continues to grow or if it starts to stabilize. We should take profits based on this market dynamics, am I right?
  • #20,084
  • Mar 27, 2025 3:42pm Mar 27, 2025 3:42pm
Quoting LucasFX7
What I noticed is that the system is fast. You need to make quick decisions. As soon as the price moves in favor of your entry, we should observe how many pips the market is offering us and if it continues to grow or if it starts to stabilize. We should take profits based on this market dynamics, am I right?
Trading is about being profitable, not being right.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,085
  • Mar 27, 2025 4:16pm Mar 27, 2025 4:16pm
Quoting TooSlow
{quote} Trading is about being profitable, not being right.
True.

"It's not what you trade, it's how you trade it."
  • #20,086
  • Mar 27, 2025 5:01pm Mar 27, 2025 5:01pm
Quoting LucasFX7
{quote} True. "It's not what you trade, it's how you trade it."
"Just because something turns out okay or even great, doesn’t mean the decision that led to the outcome was okay or even great. A good result does not necessarily equal a good decision, not in the short turn. Working backwards from outcome quality to decision quality requires a statistically large enough samples size. One result is not enough.
Don’t fall into the trap of claiming a decision was good because it turned out well."

- Annie Duke
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,087
  • Mar 27, 2025 5:16pm Mar 27, 2025 5:16pm
Quoting TooSlow
{quote} "Just because something turns out okay or even great, doesn’t mean the decision that led to the outcome was okay or even great. A good result does not necessarily equal a good decision, not in the short turn. Working backwards from outcome quality to decision quality requires a statistically large enough samples size. One result is not enough. Don’t fall into the trap of claiming a decision was good because it turned out well." - Annie Duke
I came across this on the main page, but I must say. Very well said.
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #20,088
  • Mar 27, 2025 7:12pm Mar 27, 2025 7:12pm
Quoting Snirodha
1st trade. +8.6 Daily high is above yesterdays high. Took what i can and got out. {image}
Trade 2 + 7.5
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  • #20,089
  • Mar 27, 2025 10:37pm Mar 27, 2025 10:37pm
On the 1H chart, Candle B seems to offer 3 potential entries, when zooming into 1M chart. My question would be, would we consider taking multiple entries like that. I believe entries A on the 1M chart is BE+1, entry B BE+1 or +5 pips, entry C +5-8 pips. If so, does this approach align with how you handle multiple entries?
Attached Image(s) (click to enlarge)
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  • #20,090
  • Mar 28, 2025 7:07am Mar 28, 2025 7:07am
Quoting FX.Knight
On the 1H chart, Candle B seems to offer 3 potential entries, when zooming into 1M chart. My question would be, would we consider taking multiple entries like that. I believe entries A on the 1M chart is BE+1, entry B BE+1 or +5 pips, entry C +5-8 pips. If so, does this approach align with how you handle multiple entries? {image} {image}
Just follow the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,091
  • Mar 28, 2025 10:08am Mar 28, 2025 10:08am
USDJPY Trade #8 +6.7
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  • #20,092
  • Mar 28, 2025 10:24am Mar 28, 2025 10:24am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,093
  • Mar 28, 2025 10:29am Mar 28, 2025 10:29am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,094
  • Mar 28, 2025 10:48am Mar 28, 2025 10:48am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,095
  • Mar 28, 2025 10:51am Mar 28, 2025 10:51am
Quoting TooSlow
{quote} Just follow the rules.
Are you referring to rule 6) only one trade per 1H candle?
  • #20,096
  • Mar 28, 2025 12:12pm Mar 28, 2025 12:12pm
Quoting LucasFX7
USDJPY Giao dịch #8 +6,7 {image}
Hi, can you help me how to set the template like you. I can not display these items. Many thanks.

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  • #20,097
  • Mar 28, 2025 12:24pm Mar 28, 2025 12:24pm
USDJPY Trade #9 +0.7
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  • #20,098
  • Mar 28, 2025 12:31pm Mar 28, 2025 12:31pm
Quoting Sonha1508
{quote} Hi, can you help me how to set the template like you. I can not display these items. Many thanks. {image}
It is ADVANCED ALIEN CIVILIZATION TRADING.
  • #20,099
  • Mar 28, 2025 12:48pm Mar 28, 2025 12:48pm
Quoting FX.Knight
{quote} Are you referring to rule 6) only one trade per 1H candle?
Reread Rule 6.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,100
  • Mar 28, 2025 12:51pm Mar 28, 2025 12:51pm
Quoting Sonha1508
{quote} Hi, can you help me how to set the template like you. I can not display these items. Many thanks. {image}
https://www.forexfactory.com/thread/...84#post9188784
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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