Highest Open / Lowest Open Trade

Quoting Malkolm

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{quote} Trade 10: +21.28$ {image}

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Quoting Malkolm

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{quote} Trade 11: +34.19$ {image} {image}

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Quoting racingspider

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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}

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Quoting racingspider

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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.

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Quoting MichaelG

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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...

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Quoting TooSlow

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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

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Quoting Malkolm

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{quote} Entry 1: +4.73$ Total: +4.73$ {image} {image}

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Quoting Malkolm

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{quote} Entry 2: -20.35$ Total: -15.62$ {image} {image} {image}

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Quoting Malkolm

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{quote} Entry 2: -20.35$ Total: -15.62$ {image} {image} {image}

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Quoting Malkolm

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{quote} Entry 3: -28.03$ Total: -43.65$ {image} {image}

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Quoting Malkolm

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{quote} Entry 4: -14.22$ Total: -57.87$ exited the deal at the high of the green candle {image} {image}

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Quoting Malkolm

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{quote} Entry 5: -8.93$ Total: -67.80$ {image} {image}

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Quoting Malkolm

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{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}

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