Highest Open / Lowest Open Trade

Quoting FX.Knight

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{quote} Congratulations on your +79.6 pips I am curious, on trade #10 USD/JPY gave two entries. It looks like you didn't take the first one but took the second one for +10 pips. Was there any reasoning behind that worth sharing? I took the first entry for BE+1 but I didn't take the second. {image}

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Quoting Snirodha

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{quote} If you can try to see trade #9 on your chart. 3 traders took this trade yesterday including TS. If you look at the H1 chart, previous h1 was a huge pin bar which suggest price is rejecting from that level. which gives a clear indication price is heading up. I would take trade similar to this without hesitation..

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Quoting Crows

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Trade #7 -5.8 pips, as soon as I entered long it went straight down and made a new low. My results arent good So far 7 trades Wins 4, total 8.7pips Loss 3. total 11.6 pips {image}

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Quoting Crows

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Trade #7 -5.8 pips, as soon as I entered long it went straight down and made a new low. My results arent good So far 7 trades Wins 4, total 8.7pips Loss 3. total 11.6 pips {image}

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Quoting Zuke

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I have traded a system very very similar to this for several years. Here are my thoughts (FWIW): 1. As TooSlow says, focus on mastering 1 pair at a time. I would suggest doing 5 x 10 trade challenges per pair at least 2. Trade the system mechanically EXACTLY according to the rules. Ive seen people here talking about "I didn't like the price action, so I closed the trade" or "There was a pin bar, so I closed the trade"....none of this is in the rules. 3. We are in the EXECUTION business not the prediction business. We do not know what will happen...

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Quoting TooSlow

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{quote} That wasn't unlucky. You didn't follow the rules! See Rule #2!!

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Quoting Crows

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{quote} Thanks for your reply, so I better understand rule 2 says no late entries. When I bought it was at the lowest H1 open, then shot down and created a new lower open. Am I wrong?

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Quoting eggsheeran

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Hello! Just want to ask why my GOLD chart is like this? I applied the 1.2 indicator and this is what I get. I tried numerous times but same outcome. I applied the same template to some FX pairs and the indicator is working perfectly only GOLD chart. {image}

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Quoting smilee89

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{quote} Check CHFJPY. Same. {image}

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Quoting TooSlow

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{quote} What is the reason you are no longer trading that system, Mate?

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Quoting racingspider

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Sanity check... This is how I have the EUR/USD set up today as of 9:00 AM EST 4/18. I missed this one since I was on a different screen reading and when I switched back, I saw it already passed through (I didn't have an order preset to short). But, I WOULD have sold when it passed through the lower blue line. Am I on the right track understanding the system? {image}

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Quoting Zuke

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{quote} Sorry I gave the impression that it was past tense...I am still trading it!! I have a different exit rules (i.e. I add to winners rather than moving my stop to BE ) but the rest of the system is pretty much the same. Like all traders, I tried to "optimise" the system by adding filters etc but end up coming back to using simply price action. The only other thing I do is mark major Daily & H4 Support and Resistance lines on my charts to ensure that there is enough room for my trades.

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