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Highest Open / Lowest Open Trade

  • #20,361
  • May 8, 2025 4:15am May 8, 2025 4:15am
Quoting Malkolm
{quote} Trade 10: +21.28$ {image}
Trade 11: +34.19$
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  • #20,362
  • May 8, 2025 4:47am May 8, 2025 4:47am
Quoting Malkolm
{quote} Trade 11: +34.19$ {image} {image}
Please check your PMs, Mate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,363
  • Edited 10:26am May 8, 2025 10:10am | Edited 10:26am
Hopefully I got this one right, though I remember TooSlow mentioning take these with some caution as it is below yesterday's low...

This one stopped out. Maybe with 'just a kiss' to my S/L. Magic!
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  • #20,364
  • May 8, 2025 10:48am May 8, 2025 10:48am
Quoting racingspider
Hopefully I got this one right, though I remember TooSlow mentioning take these with some caution as it is below yesterday's low... This one stopped out. Maybe with 'just a kiss' to my S/L. Magic! {image}
That doesn't look right at all. Where is the highest H1 open?

Reread Post #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,365
  • May 8, 2025 11:33am May 8, 2025 11:33am
The red line WAY on top is yesterday's high. The two blue lines around 1.13311 and 1.1360 are the Hour high open of the day and the highest of the day.

The sell stop is the lowest hour of the day, and the green line is the hour lowest open of the day. Once price was between the lowest of the day and the lowest hour open, I put in a trade to trigger LONG if the price went over hour lowest open.

Yesterday's low is the red line.
  • #20,366
  • May 8, 2025 5:25pm May 8, 2025 5:25pm
Quoting racingspider
The red line WAY on top is yesterday's high. The two blue lines around 1.13311 and 1.1360 are the Hour high open of the day and the highest of the day. The sell stop is the lowest hour of the day, and the green line is the hour lowest open of the day. Once price was between the lowest of the day and the lowest hour open, I put in a trade to trigger LONG if the price went over hour lowest open. Yesterday's low is the red line.
Hey racingspider, I looked it over and I do think you marked it correctly—if I'm interpreting it right. I pulled up the 5-minute chart to take a closer look. I think price may have briefly given you 2.8 pips or less
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  • #20,367
  • May 8, 2025 8:20pm May 8, 2025 8:20pm
Thanks for looking. Yeah, I'm glad I got it right, and I'll probably just sit out next time it punches through the previous day's high or low.
  • #20,368
  • May 9, 2025 8:28am May 9, 2025 8:28am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,369
  • May 9, 2025 10:06am May 9, 2025 10:06am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,370
  • May 9, 2025 11:13am May 9, 2025 11:13am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,371
  • May 9, 2025 12:07pm May 9, 2025 12:07pm
Quoting MichaelG
Hi All, I wanted to try to help explain the entry process in a "visual" fashion that may (or may not) be of assistance to some traders. This is a series of charts looking at each step in the process of identifying possible setups, identifying actual valid setups, and activating the trade. There are notations on each chart....starting with the H1....and ending at the M15. I am specifically looking at a SELL trade in this example. The EXACT REVERSE will be true for a BUY trade. I trust this will be of assistance. Regards Michael {image} In the above...
Hi .. i love the way you explained this strategy and i love it, but wonder what is the winrate in % ? and why we cant target always 1:1,instead going +5pips in BE after + 10 pips in profit with +5 pips .. please explain more if you have time .
  • #20,372
  • May 11, 2025 4:14pm May 11, 2025 4:14pm
Who is taking the 10 trade challenge the week of MAY 11, 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
  • #20,373
  • May 12, 2025 3:32am May 12, 2025 3:32am
Quoting TooSlow
Who is taking the 10 trade challenge the week of MAY 11, 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
Entry 1: +4.73$

Total: +4.73$
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  • #20,374
  • Edited 5:32am May 12, 2025 5:16am | Edited 5:32am
Quoting Malkolm
{quote} Entry 1: +4.73$ Total: +4.73$ {image} {image}
Entry 2: -20.35$

Total: -15.62$
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  • #20,375
  • May 12, 2025 6:13am May 12, 2025 6:13am
Quoting Malkolm
{quote} Entry 2: -20.35$ Total: -15.62$ {image} {image} {image}
Despite the high %ATR (high probability of reversal), I expected an entry signal

There was no signal on HOLO, even on M1, so the deal was missed

I try not to blame myself for this, as there were no entry conditions, and there will always be a new trade (Rule #5)
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  • #20,376
  • May 12, 2025 12:17pm May 12, 2025 12:17pm
Quoting Malkolm
{quote} Entry 2: -20.35$ Total: -15.62$ {image} {image} {image}
Entry 3: -28.03$

Total: -43.65$
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  • #20,377
  • May 12, 2025 12:31pm May 12, 2025 12:31pm
Quoting Malkolm
{quote} Entry 3: -28.03$ Total: -43.65$ {image} {image}
Entry 4: -14.22$

Total: -57.87$

exited the deal at the high of the green candle
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  • #20,378
  • May 12, 2025 12:59pm May 12, 2025 12:59pm
Quoting Malkolm
{quote} Entry 4: -14.22$ Total: -57.87$ exited the deal at the high of the green candle {image} {image}
Entry 5: -8.93$

Total: -67.80$
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  • #20,379
  • May 12, 2025 1:15pm May 12, 2025 1:15pm
Quoting Malkolm
{quote} Entry 5: -8.93$ Total: -67.80$ {image} {image}
Entry 6: -10.30$

Total: -78.10$
Not a good trading day, I admit it


There was no opportunity to close at +5 profit, despite the high probability of reversal, I got losses one after another.

I don't know what conclusions can be drawn from this?

Should I have taken 1-2 pips, because the price is growing all day long? Or should I accept that losses are normal and part of the strategy?
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  • #20,380
  • May 12, 2025 1:47pm May 12, 2025 1:47pm
Quoting Malkolm
{quote} Entry 6: -10.30$ Total: -78.10$ Not a good trading day, I admit it There was no opportunity to close at +5 profit, despite the high probability of reversal, I got losses one after another. I don't know what conclusions can be drawn from this? Should I have taken 1-2 pips, because the price is growing all day long? Or should I accept that losses are normal and part of the strategy? {image} {image}
Entry 7: +10.44$

Total: -67.66$
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