Highest Open / Lowest Open Trade

So your answer is ... "yes, you are correct mate, I chose to create two rules where there is really only one" Think about it lol

Thanks for laying this out clearly. One thing I want to confirm:
When you say "moves up through the highest H1 open line and then comes back down below it" —
do you require a full candle close back below the line, or is a wick rejection enough
since you mentioned not waiting for bar close to enter?
Also, if the highest H1 open gets updated later in the session (new hourly open becomes the high),
do you move the line in real time or lock it at the first daily extreme?
Would appreciate your clarification — I'd like to forward-test this on EUR/USD and GBP/USD.

No.

You can either trade the M5 or the M15 candles.

See POST #1

read post #1 and answer this question: Thanks for laying this out clearly. One thing I want to confirm: When you say "moves up through the highest H1 open line and then comes back down below it" — do you require a full candle close back below the line, or is a wick rejection enough since you mentioned not waiting for bar close to enter? Also, if the highest H1 open gets updated later in the session (new hourly open becomes the high), do you move the line in real time or lock it at the first daily extreme? Would appreciate your clarification — I'd like to forward-test this on EUR/USD and GBP/USD.

Here's what ChatGPT had to say:

Short answers first:

1. You can use a wick rejection as an entry signal if your rules explicitly allow entering before candle close — but it’s higher-risk and will give more false signals than waiting for a full close. If you want cleaner signals, require a full H1 close back below the line.
2. Regarding the highest H1 open changing during the session: pick one consistent rule and stick to it for your forward test. Two common options:
   1. Lock at the first daily extreme (do not move the line): more disciplined, fewer moving targets, easier to evaluate performance.
   2. Move the line in real time to the new highest H1 open: keeps the level current but can cause “moving target” behavior and churn.

   
   
   
   

Hello, I have a question about the theories we use. H1 is used to avoid opening a vazarat. Here's an example for today's gold 10-minute Asia and US, which is considered as a practice of the idea.

================================================================================
5-MINUTE MORNING ROUTINE: PRE-NEWS REPORT
================================================================================
Date/Time: June 16, 2026 | 8:28 AM PDT / 11:28 AM EDT
High-Impact Catalyst: U.S. Building Permits & Housing Starts (Under 30 Mins)
Target Pair: USD/JPY
================================================================================
1. PRE-NEWS EXECUTIVE ASSESSMENT & PROTOCOL
--------------------------------------------------------------------------------
[CRITICAL WINDOW]: High-impact U.S. macro data (Building Permits & Housing Starts)
is hitting the wires in exactly 2 minutes (8:30 AM PDT / 11:30 AM EDT data drop).
ACTION STATE: FREEZE NEW RISK IMMEDIATELY.
EXECUTION MANDATE: Do not initiate any new breakout or pullback positions
within this pre-news window. Interbank JPY networks are constricting liquidity,
which will cause rapid, erratic spread widening and execution slippage.
CURRENT EXPOSURE: Tighten trailing stop-loss protection rules to lock in
hard equity on running sessions. Do not fight the incoming volume.
2. STEP 1: RISK APPETITE ANALYSIS
--------------------------------------------------------------------------------
Market Sentiment: Structural/Complex Risk-On
Core Catalyst: The weekend's major diplomatic breakthrough—the U.S.-Iran peace
deal and the official reopening of the Strait of Hormuz—continues to drive major
long-unwinding out of geopolitical safety hedges.
Asset Class Behavior:
- Crude Oil: Remains deeply depressed, alleviating core global inflation fear.
- Global Equities: S&P 500 and Nasdaq futures are trading higher.
FX Matrix View: This is a highly atypical macro environment. Normally, a BoJ
rate hike strengthens the JPY. However, the Bank of Japan's 25 bps interest rate
hike to 1% was fully expected and failed to trigger fresh structural flows,
leaving capital tightly anchored to the USD ahead of the FOMC statement tomorrow.
3. STEP 2: ECONOMIC CALENDAR MONITORING (IMMEDIATE PROFILE)
--------------------------------------------------------------------------------
Upcoming Catalyst (Under 30 Mins): U.S. Building Permits Prelim (May) and
Housing Starts (May) are dropping at 8:30 AM PDT / 11:30 AM EDT.
Next Nodes: The market is hyper-focused on this top-tier housing data as a
crucial leading growth indicator directly ahead of tomorrow's definitive FOMC
Policy Meeting and interest rate announcement under Fed Chairman Kevin Warsh.
4. STEP 3 & 4: TRIPLE-CHECKED PRICE LEVELS & HEADLINE ANALYSIS
--------------------------------------------------------------------------------
Live Spot Rate: 160.25
Technical Posture: Sustained high-level consolidation directly above the
critical multi-week pivot line. The broader daily trend structure remains
strictly bullish, though immediate intraday momentum is heavily bound.
TRIPLE-CHECKED HORIZONTAL LEVELS:
- Cycle High Resistance: 160.70 (The major breakout gate for a fresh leg)
- Intraday Session Ceiling: 160.35 (Recent local liquidity block)
- Current Spot Rate: 160.25
- Major Psychological Floor: 160.00 (Critical institutional order cluster)
- Weekly Open Support Node: 159.77 (20-day Exponential Moving Average line)
Headline Attribution (Intervention Dynamics):
With the pair trading above the key 160.00 line, Tokyo finance officials remain
highly alert. However, because the crash in global crude oil prices drastically
reduces Japan's structural trade deficit import pressures, the fundamental need
for sudden, aggressive currency intervention from the MoF has temporarily decreased.
5. STEP 5 & 6: PRE-NEWS EXECUTION BLUEPRINT
--------------------------------------------------------------------------------
Directional Watchlist Bias: Structural Long-biased; Tactical Neutral pre-news.
Action Rules:
1. Stand Down on Breakouts: Do not execute long orders near 160.35 or short
plays near 160.00 directly into the volatility spike.
2. The Pullback Play: If a weak housing print triggers a quick liquidity
sweep down toward the 160.00 block, look for clear localized price action
exhaustion (wick rejections on lower timeframes) before rejoin scaling.
3. Divergence Rule: If the data points to extreme economic resiliency and price
aggressively challenges 160.70, wait for a confirmed, stable H1 close above
the level to validate structural momentum.
================================================================================
IF THE FUNDAMENTALS REJECT AND THE PRICE DEVIATES: TRUST THE PRICE.
================================================================================

Do you think your setup is more effective when operating on the M30 timeframe?

Are you asking to use M30 highest open / lowest open or to use M30 candles?

Have you taken the 10 trade challenge? If not, then why are you asking about things outside of the rules?

Cheers, Mate!

It's difficult for us to communicate because I'm Brazilian and you're not. Please be patient with my questions, as you may not understand them since we don't speak the same language. I'm studying your method a lot, and my question was whether trading on a 30-minute timeframe would be more solid and accurate, obviously maintaining the H1 openings. I just prefer trading on larger candlestick timeframes because I feel safer than trading on 5-minute and 15-minute timeframes. I hope you understand what I'm saying. Best regards, my friend.

Regarding the challenge, I'll start today because I feel prepared; I've studied a lot. I'll only trade the USD/JPY pair, and I'll post my trades on the forum for you all to analyze.