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Highest Open / Lowest Open Trade

  • #20,261
  • Apr 23, 2025 2:18pm Apr 23, 2025 2:18pm
10 Trade challenge week of April 13, 2025. (still on last week's challenge)

Trade #7. USD/JPY +6 (Sell) Trailing SL hit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY_2025-04-23_14-15-23.png Size: 32 KB
Click to Enlarge Name: USDJPY_2025-04-23_14-13-18.png Size: 33 KB
  • #20,262
  • Edited 8:53pm Apr 23, 2025 6:25pm | Edited 8:53pm
10 Trade challenge week of April 13, 2025. (still on last week's challenge)

Trade #8. USD/JPY BE+1 (Buy) Thought about taking +5 but was looking for a bigger move. Tried to ensure entry was on a green candle.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY_2025-04-23_18-22-13.png Size: 30 KB
Click to Enlarge Name: USDJPY_2025-04-23_18-21-15.png Size: 29 KB
  • #20,263
  • Apr 24, 2025 8:44am Apr 24, 2025 8:44am
+4 EU sell
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_3163.jpeg Size: 425 KB
  • #20,264
  • Apr 24, 2025 7:34pm Apr 24, 2025 7:34pm
10 Trade challenge week of April 13, 2025. (still on last week's challenge)

Trade #9. USD/JPY -10 (Sell) Had a chance to BE or BE+1 but price turned around very quick. Possibly should have gotten out at -5 after price turn bullish.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY_2025-04-24_19-23-02.png Size: 29 KB
Click to Enlarge Name: USDJPY_2025-04-24_19-25-05.png Size: 26 KB
  • #20,265
  • Apr 24, 2025 8:21pm Apr 24, 2025 8:21pm
10 Trade challenge week of April 13, 2025. (still on last week's challenge)

Trade #10. USD/JPY +3 (Sell) Trailing SL hit. Wasn't able to move SL to +5 but I was attempting to.

10 Trade Results
1. +10
2.BE+1
3.+5
4.+12
5.-7
6.-7
7.+6
8.BE+1
9.-10
10.+3

Total Pips after 10 trades +14
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY_2025-04-24_20-11-23.png Size: 31 KB
Click to Enlarge Name: USDJPY_2025-04-24_20-23-38.png Size: 29 KB
  • #20,266
  • Apr 24, 2025 8:24pm Apr 24, 2025 8:24pm
So far, here's my attempt. Also, I use a teeny micro account which is like 10 cents a pip. I've tried the demo account, but not having any skin in the game just didn't feel right. Sure, these trades are pennies, but it helps. As I get comfortable with ONE SYSTEM (this one ) I'll scale horizontally (instead of getting more pips, just make bigger positions). Anyway:
Inserted Code
TRADE 1
4/17/2025 - EUR/USD
Direction: SHORT
Enter: 10:32
Exit: 10:36
PL: -0.04
Reason: Should have been BE+1 but was BE-1 stop, was a little questionable on the stop, so this was executed poorly.
Placed a slightly wrong stop and finished -$0.04 after being stopped out.
TRADE 2
4/21/2025 - EUR/USD
Direction: LONG
Enter: 10:37
Exit: 11:08
PL: -2.01
Reason: Entry mistake. I used the wrong line to take a long position (going DOWN through the line instead of UP). I realized it after the fact, but let the trade run to the stop.
TRADE 3
4/21/2025 - EUR/USD
Direction: LONG
Enter: 11:29
Exit: 12:02
PL: 0.02
Reason: BE+1 stop after it went up to BE+5. Stopped at BE+1
TRADE 4 - EUR/USD
4/21/2025
Direction: LONG
Enter: 13:29
Exit: 14:45
PL: 2.01
Reason: At BE+10, set +5 trailing stop.
TRADE 5 - EUR/USD
4/21/2025
Direction: LONG
Enter: 22:06
Exit: 22:46
PL: 1.03
Reason: At BE+10, set +5 trailing stop.
TRADE 6 - EUR/USD
4/22/2025
Direction: LONG
Enter: 9:46
Exit: 9:58
PL: 0.66
Reason: At BE+10, set +5 trailing stop.
TRADE 7 - EUR/USD
4/23/2025
Direction: LONG
Enter: 13:50
Exit: 13:58
PL: -0.93
Reason: Hit daily low, stopped out, it looks like it will bounce right off :P. It totally didn't which is why we have stops! :)
TRADE 8 - EUR/USD
4/24/2025
Direction: SHORT
Enter: 10:16
Exit: 11:10
PL: 0.83
Reason: Normal entry (entered when we started in the area of interest and crossed below). Dance a bit, but the stop was pretty far away. Moved to BE+5 trailing stop and that's where we ended.
  • #20,267
  • Apr 24, 2025 10:55pm Apr 24, 2025 10:55pm
Quoting TooSlow
{quote} Another is to only enter with the H4 candle color.
Can you please explain the H4 method and upload a screenshot as well?
I'm not sure I've read about it nor viewed any screenshot that explains it.
And by the way, it's gonna be tricky, because brokers may end their midnight time in different times comparing to others (i.e GMT, GMT+1, GMT+2) and each H4 may look much different.
  • #20,268
  • Apr 24, 2025 11:41pm Apr 24, 2025 11:41pm
Quoting FX.Knight
10 Trade challenge week of April 13, 2025. (still on last week's challenge) Trade #10. USD/JPY +3 (Sell) Trailing SL hit. Wasn't able to move SL to +5 but I was attempting to. 10 Trade Results 1. +10 2.BE+1 3.+5 4.+12 5.-7 6.-7 7.+6 8.BE+1 9.-10 10.+3 Total Pips after 10 trades +14 {image} {image}
Hey Mate, Congratulations on your 10 trades. Have you checked if you target fixed 1R (set SL at day high or low) what would be the return on those 10 trades? I am getting positive return so far.
  • #20,269
  • Apr 25, 2025 7:08am Apr 25, 2025 7:08am
Quoting smilee89
{quote} Can you please explain the H4 method and upload a screenshot as well? I'm not sure I've read about it nor viewed any screenshot that explains it. And by the way, it's gonna be tricky, because brokers may end their midnight time in different times comparing to others (i.e GMT, GMT+1, GMT+2) and each H4 may look much different.
Nothing to explain really. Don't trade against the H4 candle color, that's all.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,270
  • Apr 25, 2025 8:57am Apr 25, 2025 8:57am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 32 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,271
  • Apr 25, 2025 10:45am Apr 25, 2025 10:45am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 31 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,272
  • Apr 25, 2025 1:21pm Apr 25, 2025 1:21pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 31 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,273
  • Edited 7:36pm Apr 26, 2025 4:10am | Edited 7:36pm
Quoting TooSlow
{quote} Nothing to explain really. Don't trade against the H4 candle color, that's all.
So, current H4 bar (the H4 bar that is not closed yet) should be green for Buy and red for Sell, therefore the highest Open of H4 should be above the highest Open of H1 and vice versa: the lowest Open of H4 should be below lowest Open of H1.

For Sell: Open of H4(0) > Open of H1(0)
For Buy: Open of H4(0) < Open of H1(0)

Is that what you mean?
  • #20,274
  • Apr 27, 2025 1:07am Apr 27, 2025 1:07am
Who is taking the 10 trade challenge the week of April 27, 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
  • #20,275
  • Apr 27, 2025 6:50pm Apr 27, 2025 6:50pm
10 Trade challenge week of April 27, 2025.

Trades
#1.USD/JPY BE
#2 USD/JPY +2.5
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY_2025-04-27_18-42-42.png Size: 36 KB
Click to Enlarge Name: USDJPY_2025-04-27_18-44-55.png Size: 29 KB
  • #20,276
  • Edited 2:06am Apr 28, 2025 1:10am | Edited 2:06am
Quoting FX.Knight
10 Trade challenge week of April 27, 2025.
Trades
#1.USD/JPY BE
#2 USD/JPY +2.5 {image} {image}
1. Why was the SL moved to BE in trade #1?
Price did not hit 5 pips profit from this entry before SL was modified.
Same for trade #2.

2. Where was the original SL in both trades?

3. Daily ATR is less than 50% of ADR_100
  • #20,277
  • Apr 28, 2025 10:21am Apr 28, 2025 10:21am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 32 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,278
  • Apr 28, 2025 11:25am Apr 28, 2025 11:25am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 36 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,279
  • Apr 28, 2025 12:21pm Apr 28, 2025 12:21pm
Quoting TooSlow
{image}
Is there an ongoing trade here or you're waiting for one? thank you TS
  • #20,280
  • Apr 28, 2025 12:31pm Apr 28, 2025 12:31pm
My 10 trade test is done! Trading on a micro account, each PIP is about 10 cents - skin in the game is better than demo trading (for me), even though it isn't a lot of skin. It went well, until the last trade, however, if I didn't make an entry mistake on one trade (I shouldn't have even taken my trade #2), I'd be slightly up, instead of microscopically below.

I just want to say, thanks for this system, I'm going at it again on EUR/USD to see what the NEXT 10 trade test is like.
Inserted Code
TRADE 1
4/17/2025 - EUR/USD
Direction: SHORT
Enter: 10:32
Exit: 10:36
PL: -0.04
Reason: Should have been BE+1 but was BE-1 stop, was a little questionable on the stop, so this was executed poorly.
Placed a slightly wrong stop and finished -$0.04 after being stopped out.
TRADE 2
4/21/2025 - EUR/USD
Direction: LONG
Enter: 10:37
Exit: 11:08
PL: -2.01
Reason: Entry mistake. I used the wrong line to take a long position (going DOWN through the line instead of UP). I realized it after the fact, but let the trade run to the stop.
TRADE 3
4/21/2025 - EUR/USD
Direction: LONG
Enter: 11:29
Exit: 12:02
PL: 0.02
Reason: BE+1 stop after it went up to BE+5. Stopped at BE+1
TRADE 4 - EUR/USD
4/21/2025
Direction: LONG
Enter: 13:29
Exit: 14:45
PL: 2.01
Reason: At BE+10, set +5 trailing stop.
TRADE 5 - EUR/USD
4/21/2025
Direction: LONG
Enter: 22:06
Exit: 22:46
PL: 1.03
Reason: At BE+10, set +5 trailing stop.
TRADE 6 - EUR/USD
4/22/2025
Direction: LONG
Enter: 9:46
Exit: 9:58
PL: 0.66
Reason: At BE+10, set +5 trailing stop.
TRADE 7 - EUR/USD
4/23/2025
Direction: LONG
Enter: 13:50
Exit: 13:58
PL: -0.93
Reason: Hit daily low, stopped out, it looks like it will bounce right off :P. It totally didn't which is why we have stops! :)
TRADE 8 - EUR/USD
4/24/2025
Direction: SHORT
Enter: 10:16
Exit: 11:10
PL: 0.83
Reason: Normal entry (entered when we started in the area of interest and crossed below). Dance a bit, but the stop was pretty far away. Moved to BE+5 trailing stop and that's where we ended.

TRADE 9 - EUR/USD
4/28/2025
Direction: LONG
Enter: 09:28:39
Exit: 09:45:10
PL: 3.08
Reason: Quickly moved to BE+5 trailing stop. Stopped at BE+5.
TRADE 10 - EUR/USD
4/28/2025
Direction: SHORT
Enter: 12:25:22
Exit: 12:53:33
PL: -5.12
Reason: Stopped out at daily high, which was really far from entry. It was also higher than the previous high :(
10 TRADE Result!
-0.47
Thoughts are that one big negative and one entry failure combined to result in a negative outcome. However, without the accidental entry, this would have been a positive set of 10.
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