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Highest Open / Lowest Open Trade

  • #20,801
  • Jan 13, 2026 2:32pm Jan 13, 2026 2:32pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,802
  • Jan 13, 2026 11:11pm Jan 13, 2026 11:11pm
Hi everyone!
This was my first trade — was the entry correct?
The stop loss was taken out at BE.
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  • #20,803
  • Jan 14, 2026 3:03am Jan 14, 2026 3:03am
Quoting Cr4zy
Hi everyone! This was my first trade — was the entry correct? The stop loss was taken out at BE. {image}
For me this is risky because the first 15m bar makes a new high for the day-(RULE 1, see TooSlow's picture). I think 8:30 is the best, 5M closes above HO
  • #20,804
  • Jan 14, 2026 3:06am Jan 14, 2026 3:06am
CAD buy + 5
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  • #20,805
  • Jan 14, 2026 6:50am Jan 14, 2026 6:50am
Quoting Cr4zy
Hi everyone! This was my first trade — was the entry correct? The stop loss was taken out at BE. {image}
Looks like you had the opportunity to exit with 4 or more pips twice. Small profits add up, Mate.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,806
  • Jan 14, 2026 8:53am Jan 14, 2026 8:53am
Quoting TooSlow
{quote} Looks like you had the opportunity to exit with 4 or more pips twice. Small profits add up, Mate. Cheers!
According to my rules, I was planning to just let it run and let the trailing stop handle the exit. On what basis would it have needed to be closed with a 5-pip profit?
  • #20,807
  • Jan 14, 2026 9:57am Jan 14, 2026 9:57am
Does this trade meet the entry conditions?
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  • #20,808
  • Jan 14, 2026 10:12am Jan 14, 2026 10:12am
Quoting Cr4zy
{quote} According to my rules, I was planning to just let it run and let the trailing stop handle the exit. On what basis would it have needed to be closed with a 5-pip profit?
The basis is the market may take away your opportunity.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,809
  • Jan 14, 2026 10:13am Jan 14, 2026 10:13am
Quoting Cr4zy
Does this trade meet the entry conditions? {image}
You tell us whether or not you followed the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,810
  • Jan 14, 2026 10:41am Jan 14, 2026 10:41am
Quoting TooSlow
{quote} You tell us whether or not you followed the rules.
I think I followed the entry rules, I would like confirmation of this.
What I didn't keep in mind was that I only trade one pair as a beginner.
  • #20,811
  • Jan 16, 2026 11:43am Jan 16, 2026 11:43am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,812
  • Jan 17, 2026 10:03am Jan 17, 2026 10:03am
Who is taking the 10 trade challenge the week of JANUARY 18, 2026?

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
  • #20,813
  • Jan 18, 2026 12:47am Jan 18, 2026 12:47am
For me, this thread is the most beautiful on FF so far:
1- The rule is so simple, solid and not much parameters to remember and easy to be carved into mind.
2- No rule change from beginning till now: consistent. Just tool improvements to enhance the visualization: helpful and covenient for execution.
3- Practice, practice and practice.
4- Inspiring way to great performance and achievement: by focus only on one thing and by getting result from less is more phylosophy (or win by slow but persistently steady moving forward of the Tortoise).
What a thread of merit!
Great thanks and highly appriciate to Tooslow!
P/S: I trade using H1 openline but with different POI, and this thread really inspires my trading life and co-confirms my strategy. Great thanks Tooslow once again! And also thank you other traders who contribute greatly in developing so great tools for traders like me in this thread.
  • #20,814
  • Jan 18, 2026 1:09am Jan 18, 2026 1:09am
Quoting TooSlow
Please post the reason you believe this is not simple. Thank you.
Yeah, your trading system is simple, no doubt about that. But simplicity alone doesn’t make someone a sustainable trader. The issue is you’re locked into just one time frame. Trading isn’t a solo act- it’s more like a team game where multiple time frames need to work together. If we rely on a single TF, we’re basically looking at one piece of the puzzle while ignoring the bigger picture. And in this game, the full puzzle matters!
For Gold, NY session offers superior tradability compared to London.
  • #20,815
  • Jan 18, 2026 10:21am Jan 18, 2026 10:21am
Quoting Newtrader025
{quote} Yeah, your trading system is simple, no doubt about that. But simplicity alone doesn’t make someone a sustainable trader. The issue is you’re locked into just one time frame. Trading isn’t a solo act- it’s more like a team game where multiple time frames need to work together. If we rely on a single TF, we’re basically looking at one piece of the puzzle while ignoring the bigger picture. And in this game, the full puzzle matters!
Do you understand that time frames are data compression? The highest and lowest H1 opens are the same no matter what time frame you look at. Your comment about multiple time frames doesn't make logical sense.

You are correct that simplicity does not make someone a sustainable trader. However, a simple method, simple risk management and simple emotional management help in the short and long term.

Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,816
  • Jan 18, 2026 10:23am Jan 18, 2026 10:23am
Quoting Exciter135
For me, this thread is the most beautiful on FF so far: 1- The rule is so simple, solid and not much parameters to remember and easy to be carved into mind. 2- No rule change from beginning till now: consistent. Just tool improvements to enhance the visualization: helpful and covenient for execution. 3- Practice, practice and practice. 4- Inspiring way to great performance and achievement: by focus only on one thing and by getting result from less is more phylosophy (or win by slow but persistently steady moving forward of the Tortoise). What a...
Please share what you know so others may prosper from your experience.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,817
  • Jan 18, 2026 11:35am Jan 18, 2026 11:35am
Quoting TooSlow
{quote} Your comment about multiple time frames doesn't make logical sense.
Mate, Forex trading is a lot like the story of the blind man trying to grasp the size of an elephant.

Maybe multiple time frames didn’t work out for you, and that’s why you’re thinking the way you do about them. But I’m pretty sure that for traders who rely purely on Price Action, multiple time frame analysis is the ultimate solution.
For Gold, NY session offers superior tradability compared to London.
  • #20,818
  • Jan 18, 2026 12:07pm Jan 18, 2026 12:07pm
Quoting Newtrader025
{quote} Mate, Forex trading is a lot like the story of the blind man trying to grasp the size of an elephant. Maybe multiple time frames didn’t work out for you, and that’s why you’re thinking the way you do about them. But I’m pretty sure that for traders who rely purely on Price Action, multiple time frame analysis is the ultimate solution.
Quote
"The Blind Men and the Elephant" is an ancient Indian parable about a group of blind men who encounter an elephant for the first time, each touching a different part and describing the whole animal based only on their limited sensory experience (e.g., a leg is a tree, the trunk is a snake), leading to arguments until they realize they must combine their perspectives to understand the complete truth, illustrating that subjective experience is limited and truth often requires broader understanding.

The analogy is not applicable.

Multiple Time Frame (MTF) analysis is often taught as a best practice in forex trading, but it has real structural flaws that are rarely discussed. Below is a clear, non-romanticized breakdown of where MTF analysis breaks down—and why it often hurts traders more than it helps.
1. Look-Ahead Bias Disguised as “Context”
Higher-timeframe candles are incomplete while you’re trading lower timeframes.

  1. A daily candle may look bullish at noon and close bearish.
  2. Traders mentally anchor to a higher-TF narrative that may invalidate later.
  3. This creates false confidence based on information that does not yet exist.

Result: You are trading a story, not a finalized structure.
2. Contradictory Signals Create Decision Paralysis
Different timeframes naturally express different market behaviors.

  1. H1 uptrend, M5 downtrend, D1 range → which one “wins”?
  2. Traders end up cherry-picking the timeframe that supports the trade they already want.
  3. Rules become flexible after the bias is formed.

Result: Inconsistency disguised as discretion.
3. Fractal Illusion: Same Pattern ≠ Same Meaning
MTF relies on the assumption that price is fractal—but execution isn’t.

  1. A head-and-shoulders on M1 does not carry the same order-flow weight as one on H4.
  2. Liquidity, participant type, and intent differ across timeframes.
  3. Retail traders mistake visual similarity for structural equivalence.

Result: Misreading noise as signal.
4. Execution Lag and Missed Trades
Waiting for higher-TF “confirmation” often means:

  1. Late entries
  2. Worse risk-to-reward
  3. Stops placed too far away

By the time all timeframes “align,” the edge is already priced in.
Result: Clean charts, mediocre performance.
5. Curve-Fitting Across Timeframes
MTF strategies are easy to optimize in hindsight.

  1. A trade works → the trader explains it via MTF confluence.
  2. A trade fails → “higher timeframe wasn’t aligned enough.”

This makes the method non-falsifiable.
Result: You can’t statistically prove the edge because the rules mutate.
6. Higher Timeframes Are Not Always “Smarter”
The idea that higher timeframes represent “smart money” is flawed.

  1. Large players execute across timeframes, not inside one.
  2. Institutions often create higher-TF patterns through lower-TF execution.
  3. Higher-TF candles are aggregates, not intent.

Result: Misattributing causality.
7. MTF Encourages Narrative Trading
MTF analysis tends to push traders into storytelling:
“Price is pulling back on the 15m within a 4h uptrend inside a daily demand zone…”
Stories feel logical—but markets don’t reward coherence, they reward correct risk placement.
Result: Confidence increases faster than expectancy.
8. False Sense of Risk Control
MTF traders often believe alignment = safety.

  1. Correlation spikes ignore timeframe boundaries.
  2. News events collapse all TFs simultaneously.
  3. Stops placed “below higher-TF structure” can be massive.

Result: Fewer trades, but larger losses when wrong.
9. Complexity Without Measurable Edge
Most profitable trading systems are:

  1. Single-timeframe
  2. Mechanically testable
  3. Execution-focused

MTF adds complexity without adding quantifiable expectancy.
Result: More analysis, same or worse outcomes.
The Core Problem (In One Sentence)
Multiple Time Frame analysis confuses description with causation and replaces testable rules with interpretive narratives.
When MTF Can Be Useful (Limited Cases)
MTF works only when:

  1. One timeframe is used for bias, one for execution, and one for risk
  2. Rules are frozen before the trade
  3. Higher TFs are treated as liquidity maps, not trend commandments

Most traders do not apply it this way.
Bottom Line
MTF analysis isn’t wrong—but it is over-trusted, under-tested, and psychologically seductive.
If your edge depends on:

  1. interpretation
  2. alignment
  3. “context”

You don’t have an edge—you have a story.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,819
  • Jan 18, 2026 12:30pm Jan 18, 2026 12:30pm
Quoting TooSlow
{quote} {quote} The analogy is not applicable. Multiple Time Frame (MTF) analysis is often taught as a best practice in forex trading, but it has real structural flaws that are rarely discussed. Below is a clear, non-romanticized breakdown of where MTF analysis breaks down—and why it often hurts traders more than it helps. 1. Look-Ahead Bias Disguised as “Context” Higher-timeframe candles are incomplete while you’re trading lower timeframes. A daily candle may look bullish at noon and close bearish. Traders mentally anchor to a higher-TF narrative...
Good effort, but for me MTF isn’t a story-it’s structure. That’s the difference.
For Gold, NY session offers superior tradability compared to London.
  • #20,820
  • Jan 18, 2026 10:36pm Jan 18, 2026 10:36pm
Quoting Newtrader025
{quote} Good effort, but for me MTF isn’t a story-it’s structure. That’s the difference.
You are failing to grasp the concept. A 1 minute candle is made up of all the ticks occurring in 1 minute. A 60 minute candle is made up of all the ticks in 60 minutes. A 240 minute candle is made up of all the ticks in 240 minutes.

Structure IS the story you are telling yourself.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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