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Highest Open / Lowest Open Trade

  • #21,041
  • Apr 30, 2026 3:45pm Apr 30, 2026 3:45pm
Quoting TooSlow
{quote} The black dots are the current Bid/Ask price.
Thanks for clarifying that, TS.
So I assume you are not showing your entry and exits on your screenshots, right ?
  • #21,042
  • May 1, 2026 12:28am May 1, 2026 12:28am
Quoting tradista
{quote} Thanks for clarifying that, TS. So I assume you are not showing your entry and exits on your screenshots, right ?
Right. The charts show opportunity. Learn to spot the opportunity.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,043
  • May 1, 2026 12:31am May 1, 2026 12:31am
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Price melted 20 pips.
I locked in 10
In the trenches
  • #21,044
  • May 1, 2026 1:50am May 1, 2026 1:50am
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Currently melting 100+ pips
Locked in 10
In the trenches
  • #21,045
  • May 3, 2026 1:40pm May 3, 2026 1:40pm
Who is taking the 10 trade challenge the week of MAY 3, 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
  • #21,046
  • May 4, 2026 8:30am May 4, 2026 8:30am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,047
  • May 4, 2026 10:23am May 4, 2026 10:23am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,048
  • May 4, 2026 2:28pm May 4, 2026 2:28pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,049
  • May 5, 2026 7:55am May 5, 2026 7:55am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,050
  • May 5, 2026 9:51am May 5, 2026 9:51am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,051
  • May 6, 2026 5:36am May 6, 2026 5:36am
Hi TooSlow and all followers of this topic,

I have been studying these rules for some time now and I think I am almost ready for the pip challenge. I have looked at some test trades last couple of days, but I still have a big question. It seems like big losses take away my profit, like the example given here. This trade would have given me a -22.8 pip loss. I do win a lot of trades, but often only by 1 pip (BE+1 SL after reaching 5 pips). This would mean that I would have to win so many times in order to compensate for big losses like this, is there something I oversee or is this the hard reality of this strategy?
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  • #21,052
  • May 6, 2026 5:59am May 6, 2026 5:59am
Quoting jakehh
Hi TooSlow and all followers of this topic, I have been studying these rules for some time now and I think I am almost ready for the pip challenge. I have looked at some test trades last couple of days, but I still have a big question. It seems like big losses take away my profit, like the example given here. This trade would have given me a -22.8 pip loss. I do win a lot of trades, but often only by 1 pip (BE+1 SL after reaching 5 pips). This would mean that I would have to win so many times in order to compensate for big losses like this, is there...
Risk Management. Has nothing to do with the chart. Learn risk management.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,053
  • May 6, 2026 6:35am May 6, 2026 6:35am
Quoting jakehh
Hi TooSlow and all followers of this topic, I have been studying these rules for some time now and I think I am almost ready for the pip challenge. I have looked at some test trades last couple of days, but I still have a big question. It seems like big losses take away my profit, like the example given here. This trade would have given me a -22.8 pip loss. I do win a lot of trades, but often only by 1 pip (BE+1 SL after reaching 5 pips). This would mean that I would have to win so many times in order to compensate for big losses like this, is there...
I have an Idea: please go for the challenge. Doesn't matter if you lose after all. It would be nice to see someone losing after one week. The thing is: TooSlow is not telling you everything. There is a much bigger problem with that strategy and it's the spread. If you work with TP of 5 pips etc. you need 0 spread, max. 0,4. -On USDJPY you have at least 0,9 pip spread. That means: your PF (Plus/Minus) must be at least 1.2 to break even.

Also setting BE very fast is not working. REason for this: the fractile vola between 0 (your entry) and +5 pips (first profit target). When you backtest it, selling at Be is not better than letting SL hit or 5 Pips but: The system has an edge, yes. But it is very little. When you train it you will be profitable but not alone with the system itself.

Here a hint for you: watch your chart... what is the difference to your profitable trades on that one? You could have halfed your losses... it took to long my friend.

@TooSlow: please share how you handled that trade... You cannot get out on BE on that one... so how much was your loss? Are you in the mood to share the result? (I hope I don't get banned now from the thread)
  • #21,054
  • May 6, 2026 7:44am May 6, 2026 7:44am
Quoting TooSlow
{quote} Risk Management. Has nothing to do with the chart. Learn risk management.
I am very curious about how you would set this up, because the problem stays the same in my perspective. We need room to breath, but the fact is also that a lot of wins will be +1 pip or max + 5 pips. Even with a money/risk management system in place I struggle to make this profitable.
  • #21,055
  • May 6, 2026 9:31am May 6, 2026 9:31am
Quoting jakehh
{quote} I am very curious about how you would set this up, because the problem stays the same in my perspective. We need room to breath, but the fact is also that a lot of wins will be +1 pip or max + 5 pips. Even with a money/risk management system in place I struggle to make this profitable.
What's wrong with a 5 pip profit?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,056
  • May 6, 2026 9:38am May 6, 2026 9:38am
Quoting TooSlow
{quote} What's wrong with a 5 pip profit?
The problem is the expectancy and the loss you have to take... -21 pips vs. 5. How do you handle that? Skip the trade? R:R 1:1 at least?
  • #21,057
  • May 6, 2026 9:46am May 6, 2026 9:46am
Quoting TooSlow
{quote} What's wrong with a 5 pip profit?
Exactly what JackInthebox says above, the problem is not 5 pip profit. The problem is this trade never got to 5 pip profit, and even if it did we put the SL to BE+1 so it will end up being 1 pip profit. The fact is; there are loses with 10/15/20 maybe even more pips (depending on your risk management). There are so many wins needed in order to make up for the losses, that's the whole point.
  • #21,058
  • May 6, 2026 12:59pm May 6, 2026 12:59pm
Why would you set your stop to lose 21 pips?


Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,059
  • May 6, 2026 1:03pm May 6, 2026 1:03pm
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Do you think it would be smart to set your stop loss at 1 pip below the low of the day?


Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,060
  • May 6, 2026 1:55pm May 6, 2026 1:55pm
Quoting TooSlow
Why would you set your stop to lose 21 pips? Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
On the USDJPY trade I showed you, AoI from H1 Open at 157.078 to Today's High at 157.304 is 22 pips. Would you take this setup at all? If yes, where would you place SL? If no, what AoI distance is your maximum?
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