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Highest Open / Lowest Open Trade

  • #20,381
  • May 12, 2025 5:37pm May 12, 2025 5:37pm
Quoting Malkolm
{quote} Entry 7: +10.44$ Total: -67.66$ {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: FreightTrain.jpg Size: 135 KB


Don't do that!!

See Rule #0!!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,382
  • May 12, 2025 5:41pm May 12, 2025 5:41pm
Quoting Malkolm
{quote}... 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}
Were the bottom wicks' ranges small?

Were the red candles' ranges small?

Losses are part of trading, but many can be avoided or mitigated.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,383
  • May 12, 2025 9:22pm May 12, 2025 9:22pm
Hi everyone
This is Jay , A noivce who has just started traing.
I am from China.

When I was learning about trading information, I saw someone introducing this forum in China and recommending this post.
I am very interested.
So I set aside time every day to study the content of these posts.

I have currently viewed 80 pages.

Thanks to Too Slow's selflessness and some traders who are willing to share.
The atmosphere here is very good.
So I couldn't help but register for this forum and join your discussion.

As I am using a translator, sometimes I may not fully understand your meaning, or my translation may have some issues.

Thank you for your understanding, thank you.
  • #20,384
  • May 12, 2025 9:40pm May 12, 2025 9:40pm
I operated several times according to the rules yesterday.
Fortunately, I have reaped profits.

This is starting to make me swell.

After drinking a few beers at night.
I bought during the H1L rebound.

But both M5 and M15 are reminding me that it is a downward breakthrough.
I didn't believe it. I opened the D1 table and saw the same low point ahead, which I believed was a support.
Then use a 5% stop loss to gain a strong rebound, which may be a good host.
Unfortunately, I failed.
  • #20,385
  • May 12, 2025 9:46pm May 12, 2025 9:46pm
I have a question, due to the time difference.
When I start working during the day, the K-line chart usually only has 4 lines. Should I draw the lines based on the system time?
The four lines can be broken at any time for this trading system.
So, do I have to wait for enough samples?
Perhaps playing games with all the traders after 3pm Beijing time is a better choice?
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  • #20,386
  • May 13, 2025 12:19am May 13, 2025 12:19am
Quoting TooSlow
{quote} Were the bottom wicks' ranges small? Were the red candles' ranges small? Losses are part of trading, but many can be avoided or mitigated.
Thank you for your comments, Mate!

Sorry, I'm not quite clear about the size of the wicks, would love your clue as to what is the “norm” and how to determine it?
  • #20,387
  • May 13, 2025 12:29am May 13, 2025 12:29am
Quoting TooSlow
{quote} 当你在图表上将线放置在最高H1开盘价和最低H1开盘价的位置时，它们目前应该位于该位置。当价格创下新的更高开盘价时，将最高H1开盘价线移动到该位置。当价格创下新的更低开盘价时，将最低H1开盘价线移动到该位置。使用这些线。已经有一些指标可以为你绘制这些线。最好先手动练习一下，以便在使用指标之前了解它们。...
Hi Dear TooSlow ,
I don't know how to find that index , Could u guide me ?
I alwasy draw lines by myself, which is a blit troublesome and not precises enough
  • #20,388
  • May 13, 2025 12:36am May 13, 2025 12:36am
Quoting j11
TS 要求提供我发布的货币对筛选的 MQ4 代码，所以已将其附加到这里。现在大多数人都不展示他们的代码（因为代码太费劲了），但出于善意，我很乐意在这里展示，虽然我的代码水平可能不太好！如果他展示的价位指示也能展示出来就好了！（当然，我自己也得写！）关于...

I have tried running this code many times, but it doesn't work anymore.

Is anyone willing to share this code?

Thank you.
  • #20,389
  • May 13, 2025 12:59am May 13, 2025 12:59am
Quoting Malkolm
{quote} Thank you for your comments, Mate! Sorry, I'm not quite clear about the size of the wicks, would love your clue as to what is the “norm” and how to determine it?

Look at the chart. There is no "norm". Look at what is there. It is showing you.

Reread the rules. Are you sure you are following the rules?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,390
  • May 13, 2025 1:32am May 13, 2025 1:32am
Quoting TooSlow
{quote} Look at the chart. There is no "norm". Look at what is there. It is showing you.
Reread the rules. Are you sure you are following the rules?

No, I broke 3 rules yesterday:

Rule 0 - entered a freight train, where the “train” is the updating of highs OR lows one after the other.
Solution: do not enter when the price updates only EITHER the highs OR the lows for the day.

Rule 1 - I entered on the breakdowns of H1 and M5 bars.
Solution: watch and follow the price, not the %ATR and wait for what you want from the market, listen to its cues.

Rule 4: did not lock in short-term profit when it was possible
I would love your tips here, so that I can “hear” the market, its cues, what it is telling me, as I don't really understand about wicks right now.

Below is a chart of yesterday's price from the H1 high on M5

Chart 1: The entry candle on M5 closed above the opening high of H1. The wick range is 38 pips
Chart 2: Same M5 candle, total red candle range - 51 pips

What can this tell us? My only guess is that price “rejected” the level 38 pips below the H1 high, but I'd like to understand the price action, so I'd love your hints
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  • #20,391
  • May 13, 2025 4:20am May 13, 2025 4:20am
Quoting JayOBD
Hi everyone This is Jay , A noivce who has just started traing. I am from China. When I was learning about trading information, I saw someone introducing this forum in China and recommending this post. I am very interested. So I set aside time every day to study the content of these posts. I have currently viewed 80 pages. Thanks to Too Slow's selflessness and some traders who are willing to share. The atmosphere here is very good. So I couldn't help but register for this forum and join your discussion. As I am using a translator, sometimes...
Do you mean they talk about this method in China?
  • #20,392
  • May 13, 2025 5:29am May 13, 2025 5:29am
Quoting eggsheeran
{quote} Do you mean they talk about this method in China?
I accidentally discovered it on a forum, which is not well-known to many people. Almost everyone is searching for various technical indicators and has indeed forgotten the purest information.
  • #20,393
  • May 13, 2025 5:35am May 13, 2025 5:35am
I read over 90 pages today and then returned to the first page again. The example of mice is very interesting.
I think I have a rough idea of this rule.
I opened another transaction. Please help me check if it complies with the rules.
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  • #20,394
  • May 13, 2025 7:39am May 13, 2025 7:39am
Quoting Malkolm
{quote} ... My only guess is that price “rejected” the level 38 pips below the H1 high, but I'd like to understand the price action, so I'd love your hints {image} {image}

“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame.
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden


Price Action #advancedalientrading

1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
3) Price will either close above a level (line) or not.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,395
  • May 13, 2025 7:54am May 13, 2025 7:54am
Quoting JayOBD
I read over 90 pages today and then returned to the first page again. The example of mice is very interesting. I think I have a rough idea of this rule. I opened another transaction. Please help me check if it complies with the rules. {image} {image}
If you are using MT4, use the indicators and template supplied.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,396
  • May 13, 2025 8:31am May 13, 2025 8:31am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,397
  • May 13, 2025 8:49am May 13, 2025 8:49am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 30 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,398
  • May 13, 2025 11:51am May 13, 2025 11:51am
Now My time 00:46 AM ,
I hope to have a pleasant exchange with you.
Please check my icon

The previous H1 candlestick hit a new high, and now I am patiently waiting for the opening price of M15 to be higher than the H1 peak, then fall back and buy.
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  • #20,399
  • May 13, 2025 12:11pm May 13, 2025 12:11pm
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USD/JPY H1 Open H , M15 Buy in , lucky

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  • #20,400
  • May 13, 2025 12:30pm May 13, 2025 12:30pm
Quoting JayOBD
Now My time 00:46 AM , I hope to have a pleasant exchange with you. Please check my icon The previous H1 candlestick hit a new high, and now I am patiently waiting for the opening price of M15 to be higher than the H1 peak, then fall back and buy. {image} {image}
Hey JayOBD, here's where I would draw my lines for EUR/USD.
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