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Highest Open / Lowest Open Trade

  • #20,421
  • May 18, 2025 9:47pm May 18, 2025 9:47pm
AU sell + 5
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  • #20,422
  • May 23, 2025 6:22am May 23, 2025 6:22am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,423
  • May 24, 2025 7:22am May 24, 2025 7:22am
Who is taking the 10 trade challenge the week of MAY 25, 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
  • #20,424
  • May 28, 2025 2:11am May 28, 2025 2:11am
Quoting TooSlow
Who is taking the 10 trade challenge the week of MAY 25, 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
Taking on a new trade challenge while working on previous mistakes

The risk per trade is always 30$

Trade 1: +7.63$
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  • #20,425
  • May 29, 2025 6:55am May 29, 2025 6:55am
Quoting Malkolm
{quote} Taking on a new trade challenge while working on previous mistakes The risk per trade is always 30$ Trade 1: +7.63$ {image} {image}
Trade 2: -15.76$

Total: -8.13$

stop loss set on the low of the green candle (minimum of the low)
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  • #20,426
  • May 29, 2025 7:17am May 29, 2025 7:17am
Quoting Malkolm
{quote} Trade 2: -15.76$ Total: -8.13$ stop loss set on the low of the green candle (minimum of the low) {image} {image} {image}
I think you broke rule number 1. The first 5 minutes 1H bar makes a new low, so it is not traded for me. Personally, for me not every 1 hour bar turns at HOLO.
Keep journaling and review each time. History repeats itself.
  • #20,427
  • May 29, 2025 7:23am May 29, 2025 7:23am
Quoting Malkolm
{quote} Trade 2: -15.76$ Total: -8.13$ stop loss set on the low of the green candle (minimum of the low) {image} {image} {image}
Trade 3: -30$

Total: -38.13$

there were no conditions for a stop loss
I am not happy about the series of losses, but trading is trading
I try to put emotions aside
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  • #20,428
  • May 29, 2025 7:28am May 29, 2025 7:28am
Quoting tantra
{quote} I think you broke rule number 1. The first 5 minutes 1H bar makes a new low, so it is not traded for me. Personally, for me not every 1 hour bar turns at HOLO. Keep journaling and review each time. History repeats itself.
thanks for the comment, Mate. I will take it to heart


I notice that the reason for the loss is FOMO, I'm afraid of missing the trade

I get a loss on the breakdown of the M5 bar, even though I enter at high ATR%, and from the daily open/maximum/maximum of the previous day
  • #20,429
  • May 29, 2025 7:31am May 29, 2025 7:31am
After losses it was difficult to re-enter after losses, but ironically this particular entry would be profitable

Analyzed my emotions: I feel anger at myself for entering the previous trades and not entering this one
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  • #20,430
  • May 29, 2025 7:32am May 29, 2025 7:32am
Gold, I just took a profit, I don't know how much, there are no 5 pips here! (2$ sell)
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  • #20,431
  • May 29, 2025 8:00am May 29, 2025 8:00am
Quoting Malkolm
{quote} Trade 3: -30$ Total: -38.13$ there were no conditions for a stop loss I am not happy about the series of losses, but trading is trading I try to put emotions aside {image} {image}
Trade 4: +6.92$

Total: -31.21$
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  • #20,432
  • May 30, 2025 1:27am May 30, 2025 1:27am
CHFUSD buy + 5
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  • #20,433
  • May 30, 2025 5:22am May 30, 2025 5:22am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,434
  • May 30, 2025 4:12pm May 30, 2025 4:12pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,435
  • Jun 1, 2025 1:02pm Jun 1, 2025 1:02pm
Who is taking the 10 trade challenge the week of JUNE 1, 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
  • #20,436
  • Jun 2, 2025 5:16am Jun 2, 2025 5:16am
Quoting Malkolm
{quote} Trade 4: +6.92$ Total: -31.21$ {image} {image}
Trade 5: +11.90$
Total: -19.31$
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  • #20,437
  • Jun 2, 2025 5:47am Jun 2, 2025 5:47am
Quoting Malkolm
{quote} Trade 5: +11.90$ Total: -19.31$ {image} {image}
Trade 6: +11.90$

Total: -7.41$
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  • #20,438
  • Jun 2, 2025 6:52am Jun 2, 2025 6:52am
Quoting Malkolm
{quote} Trade 5: +11.90$ Total: -19.31$ {image} {image}
What is your risk management strategy?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,439
  • Jun 2, 2025 7:05am Jun 2, 2025 7:05am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,440
  • Jun 2, 2025 8:07am Jun 2, 2025 8:07am
Quoting TooSlow
{quote} What is your risk management strategy?
Risk per deal is always 30$, stoploss at the minimum/maximum of the day, at +5 I close the deal

I see that at the moment the deal management leaves much to be desired, as 1 losing deal overlaps 3 or more profitable ones.

Now I am learning to
1) move to BE+1 as early as possible using M1-M5
2) to reduce the loss

This is my weakness, which I am trying to correct, but I would be glad to have your hint.

For example:
if I am waiting for an entry signal on M5, the M5 bar opened below the H1 Opening Low, then the price became equal to the H1 Opening Low

Is it worth switching from M5 to M1 to move stop/profit bar by bar, given my risk management? And what would advise me to review in my risk management?

Cheers!
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