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Trading is as simple as 1-2-3

  • #381
  • Aug 14, 2015 9:59am Aug 14, 2015 9:59am
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Next hour.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #382
  • Aug 14, 2015 10:20am Aug 14, 2015 10:20am
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Stopped out.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #383
  • Aug 14, 2015 11:56am Aug 14, 2015 11:56am
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Next hour.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #384
  • Aug 18, 2015 9:59am Aug 18, 2015 9:59am
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Next hour
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #385
  • Aug 18, 2015 10:07am Aug 18, 2015 10:07am
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A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar.

A bar makes a NEW DAILY low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar.

Let me rephrase in the form of yes/no or true/false questions.

1) Did a new daily high or new daily low happen during the previous bar. If YES/TRUE go to question 2, otherwise find another pair.

2) Did this bar test ( get near ) the new daily high or new daily low of the previous bar. If YES/TRUE go to question 3, otherwise find another pair.

3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open, otherwise do not enter the trade.

"Successful people ask better questions, and as a result, they get better answers." - Tony Robbins

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.


Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #386
  • Aug 18, 2015 11:01am Aug 18, 2015 11:01am
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Sometimes you wait and there is no entry.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #387
  • Aug 18, 2015 11:40am Aug 18, 2015 11:40am
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Why you should not jump the gun.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #388
  • Aug 18, 2015 12:03pm Aug 18, 2015 12:03pm
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Entry at bar[0] open. Stop set.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #389
  • Aug 18, 2015 12:05pm Aug 18, 2015 12:05pm
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Stop moved to BE+2.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #390
  • Aug 18, 2015 12:12pm Aug 18, 2015 12:12pm
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Stop moved to daily open - 1 pip.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #391
  • Aug 18, 2015 12:49pm Aug 18, 2015 12:49pm
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Stopped out with profit. Expected that to happen. Price oscillating around the open price.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #392
  • Aug 19, 2015 6:38am Aug 19, 2015 6:38am
Hey TooSlow,

I thought I'd come to see how you are doing. Looks like your still on the same method. I like it, I have a separate chart on my screen with HL lines so I'm using it too.
Is this a journal of your live trades? Do you place orders on another terminal?
  • #393
  • Edited 8:57am Aug 19, 2015 8:44am | Edited 8:57am
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Next hour.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #394
  • Aug 19, 2015 8:46am Aug 19, 2015 8:46am
Quoting Anusragger
Hey TooSlow, I thought I'd come to see how you are doing. Looks like your still on the same method. I like it, I have a separate chart on my screen with HL lines so I'm using it too. Is this a journal of your live trades? Do you place orders on another terminal?
Hello Anusragger.

Yes, same method. No need to change. Sticking with one method is how to become profitable.

Is this a journal of your live trades? Yes, some of them. Some days are more hectic than others.

Do you place orders on another terminal? Yes, some of them.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #395
  • Aug 19, 2015 9:15am Aug 19, 2015 9:15am
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A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar.

A bar makes a NEW DAILY low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar.

Let me rephrase in the form of yes/no or true/false questions.

1) Did a new daily high or new daily low happen during the previous bar. If YES/TRUE go to question 2, otherwise find another pair.

2) Did this bar test ( get near ) the new daily high or new daily low of the previous bar. If YES/TRUE go to question 3, otherwise find another pair.

3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open, otherwise do not enter the trade.

"Successful people ask better questions, and as a result, they get better answers." - Tony Robbins

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.


Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #396
  • Aug 19, 2015 9:24am Aug 19, 2015 9:24am
Quoting TooSlow
{quote} Hello Anusragger. Yes, same method. No need to change. Sticking with one method is how to become profitable. Is this a journal of your live trades? Yes, some of them. Some days are more hectic than others. Do you place orders on another terminal? Yes, some of them.
Which pairs do you trade, if you don't mind me asking. I like to stick to eurusd because of small spread. But the waiting game is a bit hard for me so maybe I'm thinking of adding gbpusd or audusd or maybe something else.
  • #397
  • Aug 20, 2015 9:25am Aug 20, 2015 9:25am
Quoting Anusragger
{quote} Which pairs do you trade, if you don't mind me asking. I like to stick to eurusd because of small spread. But the waiting game is a bit hard for me so maybe I'm thinking of adding gbpusd or audusd or maybe something else.
Hello Anusragger. I will trade whichever pair fits the method for the hour. The market decides which pairs. Naturally, I have favorites. Do you understand?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #398
  • Edited 9:43am Aug 20, 2015 9:26am | Edited 9:43am
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NEXT HOUR.


A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar.

A bar makes a NEW DAILY low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar.

Let me rephrase in the form of yes/no or true/false questions.

1) Did a new daily high or new daily low happen during the previous bar. If YES/TRUE go to question 2, otherwise find another pair.

2) Did this bar test ( get near ) the new daily high or new daily low of the previous bar. If YES/TRUE go to question 3, otherwise find another pair.

3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open, otherwise do not enter the trade.

"Successful people ask better questions, and as a result, they get better answers." - Tony Robbins

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.


Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #399
  • Aug 20, 2015 10:01am Aug 20, 2015 10:01am
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Does MT4 have a bug? The bid/ask in the upper left does not match the bid/ask lines on the chart.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #400
  • Aug 20, 2015 11:14am Aug 20, 2015 11:14am
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This could take a while.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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