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Highest Open / Lowest Open Trade

  • #20,541
  • Aug 26, 2025 3:56am Aug 26, 2025 3:56am
Quoting TooSlow
Who is taking the 10 trade challenge the week of AUGUST 24, 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
Trading EURUSD waiting...
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  • #20,542
  • Aug 26, 2025 6:34am Aug 26, 2025 6:34am
TRADE 1 EURUSD
+5
took profit at 5 pips as price stopped moving, if price flew thru the +5 pips area then maybe I would have considered trailing but it seemed pretty slow. I often wonder if price actually has momentum.
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  • #20,543
  • Aug 27, 2025 12:00pm Aug 27, 2025 12:00pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,544
  • Aug 28, 2025 3:54am Aug 28, 2025 3:54am
TRADE 2 EURUSD
+7
Running Total: +5 +7 = 12
Daily ATR not extended but price seemed to reject off the zone a couple times so took the setup. I held until I saw the speed slow down. It did continue higher without me but I followed the rules.
I will keep doing the 10 trade challenges and comparing my findings, right now I feel like I'm blindly following the rules as I have a very little amount of experience with this but I feel like there is something else to be found here, where does the edge lie here? I sense a common theme with traders who I perceive to be profitable but haven't been able to connect the dots just yet.
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  • #20,545
  • Aug 28, 2025 4:03am Aug 28, 2025 4:03am
Quoting TooSlow
{image}
Hi Tooslow, I have a question for you. if you feel its outside of the scope of the thread then let me know and I will keep it to trading only
Do you believe you know what your edge is exactly with this system? As an example I understand a person doesn't need to know how an engine works entirely to operate a car at a professional level, they just know how to operate the car very well and that is enough for them to be successful. Do you feel like you understand how the edge in your system works or do you just know how to operate the system very effectively? I'm not very good at explaining things but I think you will get the gist
  • #20,546
  • Aug 28, 2025 6:25am Aug 28, 2025 6:25am
Quoting WallFlower
{quote} Hi Tooslow, I have a question for you. if you feel its outside of the scope of the thread then let me know and I will keep it to trading only Do you believe you know what your edge is exactly with this system? As an example I understand a person doesn't need to know how an engine works entirely to operate a car at a professional level, they just know how to operate the car very well and that is enough for them to be successful. Do you feel like you understand how the edge in your system works or do you just know how to operate the system...
First off, this is trading not gambling. There is no edge with any trading system. The only "edge" is the trader who can manage risk, be consistent and control their emotions like fear and greed.

HOLO traders exploit simple price action that happens daily.

If a trading edge existed, there would be a program doing the trading and nor a human. The high frequency programs exploit things slow humans aren't capable of doing.

I understand how and why HOLO can be profitable.

Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,547
  • Aug 28, 2025 7:26am Aug 28, 2025 7:26am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,548
  • Aug 28, 2025 7:32am Aug 28, 2025 7:32am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,549
  • Aug 29, 2025 10:14am Aug 29, 2025 10:14am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,550
  • Aug 29, 2025 11:23am Aug 29, 2025 11:23am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,551
  • Sep 1, 2025 1:16am Sep 1, 2025 1:16am
Who is taking the 10 trade challenge the week of AUGUST 31, 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
  • #20,552
  • Sep 1, 2025 2:46am Sep 1, 2025 2:46am
Quoting TooSlow
{quote} First off, this is trading not gambling. There is no edge with any trading system. The only "edge" is the trader who can manage risk, be consistent and control their emotions like fear and greed. HOLO traders exploit simple price action that happens daily. If a trading edge existed, there would be a program doing the trading and nor a human. The high frequency programs exploit things slow humans aren't capable of doing. I understand how and why HOLO can be profitable. Cheers, Mate!
Ok, Firstly I appreciate your reply. Secondly maybe this is my preconceived notions talking but I always thought that there are sets of rules that people have discovered that when followed exactly, produce a positive expectancy over a large enough sample size, that is what I mean by an "edge" although maybe my definition is not correct. There have been moments where I thought I have found something worthwhile but when backtested further I always came back to 50%\50% chance, or simply no better than a coin flip resulting in a system that is zero expectancy and when you minus spreads and commissions become negative expectancy. As for now I'm just going to approach this with an empty mind and see what happens when I follow the rules.

Also side note are you Australian? the mate at the end makes it sound like you are from here also
  • #20,553
  • Sep 1, 2025 3:01am Sep 1, 2025 3:01am
price above yesterday high, so will be careful if I get an entry
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  • #20,554
  • Sep 1, 2025 4:26am Sep 1, 2025 4:26am
TRADE 3 EURUSD
-4
Running Total: +5 +7 -4 = 8
Price above yesterday high so caution was used and the trade was closed early after momentum turned against me and I saw the big green candle.
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  • #20,555
  • Sep 1, 2025 9:44am Sep 1, 2025 9:44am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,556
  • Edited 11:42am Sep 1, 2025 10:03am | Edited 11:42am

just sitting on my hands, at least they are warm
.
Title: Trade 1/10 – Trade Challenge (Week of 9/1/2025)
Post:
Starting the week off with Trade 1/10 for the challenge!
Excited to see how this week plays out and to track progress along the way.
Good luck to everyone participating in the Trade Challenge – Week of 9/1/2025! Let’s make it a strong one.

Trailing stop enabled at +5 pips, hands are off.

Stopped out +4pips.
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  • #20,557
  • Sep 1, 2025 10:18am Sep 1, 2025 10:18am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,558
  • Sep 1, 2025 10:23am Sep 1, 2025 10:23am
Quoting WallFlower
{quote} Ok, Firstly I appreciate your reply. Secondly maybe this is my preconceived notions talking but I always thought that there are sets of rules that people have discovered that when followed exactly, produce a positive expectancy over a large enough sample size, that is what I mean by an "edge" although maybe my definition is not correct. There have been moments where I thought I have found something worthwhile but when backtested further I always came back to 50%\50% chance, or simply no better than a coin flip resulting in a system that...
It is the trader who executes the trade; therefore, the expectancy is with the trader. Not Australian, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,559
  • Sep 1, 2025 10:35am Sep 1, 2025 10:35am
Quoting TooSlow
{quote} It is the trader who executes the trade; therefore, the expectancy is with the trader. Not Australian, Mate. Cheers!
Well said, to add onto it. hypothetical thought: The system is working perfectly we are entering with 0.01 entries and have a total of +17 pips. All of a sudden we decide to disregard our risk management and size up. now we are risking 3x our original entry and we hit a small stop loss of 5 pips.... except its -15 pips because we sized up. now this tiny loss of 5 pips has destroyed the account... hope that makes sense
  • #20,560
  • Sep 1, 2025 8:33pm Sep 1, 2025 8:33pm
Trade 2/10. USDJPY (Same for 10 trades) lot size standard no variation. +5 pips : total: +9 pips in this challenge.
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