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Highest Open / Lowest Open Trade

  • #21,221
  • Jun 25, 2026 7:57am Jun 25, 2026 7:57am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,222
  • Jun 25, 2026 7:58am Jun 25, 2026 7:58am
Quoting Selavi1
{quote} I checked this session aswell (24 June USD/JPY M15 UTC-4): I found 11 setups. For this session the range/atr was below 50% so maybe not the best day as per rules. Setup 1 worked, but it was a BE+1 as price moved up 5 pips and returned. Setup 2 was a 7 pip loss. Setup 3 was a 4 pip loss. Setup 4 was a 2 pip loss. Setup 5 was a 7 pip loss. Setup 6 was a 2 pip loss. Setup 7 was a 4 pip loss. Setup 8 was a 5 pip profit. Setup 9 was your setup in post #21216 but for me price opened where H1 opened so not very clear open between HOD and higest...
You are trading too early in the day.... Price expands then reverses.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,223
  • Jun 25, 2026 10:15am Jun 25, 2026 10:15am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,224
  • Jun 25, 11:20am (47 hr ago) Jun 25, 11:20am (47 hr ago)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,225
  • Jun 25, 11:48am (46 hr ago) Jun 25, 11:48am (46 hr ago)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,226
  • Jun 25, 10:43pm (35 hr ago) Jun 25, 10:43pm (35 hr ago)
Hello TooSlow!
I've been following your strategy closely, and I've been backtesting and practicing it for days. I'm getting to understand it better along the way. But, I didn't quite understand what you meant by One trade per bar.

ps i signup to this site because of you. Haha
  • #21,227
  • Jun 26, 7:18am (27 hr ago) Jun 26, 7:18am (27 hr ago)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,228
  • Edited 8:57am Jun 26, 7:19am (27 hr ago) | Edited 8:57am
Quoting Obs1
Hello TooSlow! I've been following your strategy closely, and I've been backtesting and practicing it for days. I'm getting to understand it better along the way. But, I didn't quite understand what you meant by One trade per bar. ps i signup to this site because of you. Haha
Only enter once per candle/bar.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,229
  • Jun 26, 8:57am (25 hr ago) Jun 26, 8:57am (25 hr ago)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,230
  • Jun 27, 12:06am (10 hr ago) Jun 27, 12:06am (10 hr ago)
Quoting Selavi1
{quote} I checked this session aswell (24 June USD/JPY M15 UTC-4): I found 11 setups. For this session the range/atr was below 50% so maybe not the best day as per rules. Setup 1 worked, but it was a BE+1 as price moved up 5 pips and returned. Setup 2 was a 7 pip loss. Setup 3 was a 4 pip loss. Setup 4 was a 2 pip loss. Setup 5 was a 7 pip loss. Setup 6 was a 2 pip loss. Setup 7 was a 4 pip loss. Setup 8 was a 5 pip profit. Setup 9 was your setup in post #21216 but for me price opened where H1 opened so not very clear open between HOD and higest...
Hi mate. I hope you don't mind me sticking my nose in here, but I might be able to be of some assistance.
Let me look at these one by one, and I'll see how I go for time today.

The first setup.

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You can't trade the first hour of the New trading day simply because the new daily high or low has not yet been determined, so you don't have an Area of interest (AOI) between the Highest (or Lowest ) H1 open and the Daily High (or low) to work with so far, so no trade.
  • #21,231
  • Jun 27, 12:16am (10 hr ago) Jun 27, 12:16am (10 hr ago)
Trade 2.

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Candle A created the new daily High for the day so far. SO....when candle B made a NEW DAILY HIGH, there will be no valid trade for the rest of that hour because this is regarded as a BREAKOUT, and you don't trade breakouts with this method.
Different from a breakout of the previous DAYS HIGH (or low) in that TooSlow advises caution, but not necessarily not to take the trade.
  • #21,232
  • Jun 27, 12:35am (9 hr ago) Jun 27, 12:35am (9 hr ago)
Who is taking the 10 trade challenge the week of JUNE 28, 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
  • #21,233
  • Jun 27, 12:36am (9 hr ago) Jun 27, 12:36am (9 hr ago)
Quoting MichaelG
{quote} Hi mate. I hope you don't mind me sticking my nose in here, but I might be able to be of some assistance. Let me look at these one by one, and I'll see how I go for time today. The first setup. {image} You can't trade the first hour of the New trading day simply because the new daily high or low has not yet been determined, so you don't have an Area of interest (AOI) between the Highest (or Lowest ) H1 open and the Daily High (or low) to work with so far, so no trade.
You're always welcome to chime in here, Mate.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #21,234
  • Jun 27, 12:39am (9 hr ago) Jun 27, 12:39am (9 hr ago)
Trade 3.
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Candle A in the previous hour made the new daily high. When candle B opened the new hour, it printed the new Highest H1 open for the day so far.
That then gave you a valid Area of interest (AOI) to look for an (in this case) M15 candle to open in the AOI to validate a trade setup.
Candle C did NOT open in the AOI, but candle D did and validated a sell at the Highest H1 open price.
My brokers' feed suggests that would have travelled just over 1 pip in your direction, before turning against you with candle E going on to take your stop and then print the new daily high so far. That's all dependent on how you look at the timing of moving your stop to limit your exposure.
  • #21,235
  • Jun 27, 12:40am (9 hr ago) Jun 27, 12:40am (9 hr ago)
Quoting TooSlow
{quote} You're always welcome to chime in here, Mate. Cheers!
Thanks Champion
  • #21,236
  • Last Post: Jun 27, 12:55am (9 hr ago) Jun 27, 12:55am (9 hr ago)
Trade 4.
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As mentioned, Candle A in the previous hour printed the New Daily High so far.
When the new hour opened, candle B printed the New Highest H1 Open for the day and thus produced a very narrow AOI as shown.
Candle C did NOT open in the AOI, so no valid setup was presented. Candle C then went on to print the NEW daily high so far, and therefore a BREAKOUT happened, and therefore NO trade for the rest of that hour.

That will do for today, as it is approaching 4PM on Saturday in Australia, and that means it's BEER o'çlock.
Cheers
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