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Trade with 60

  • #1
  • First Post: Edited Aug 27, 2016 11:09am Aug 27, 2015 11:52am | Edited Aug 27, 2016 11:09am
Just taking simple H1 trades off the high and low of the day or failures at those levels.

If you want to delve deeper into the logic of why this might work then look at my H4power thread.

I am just trading EU/USD and GBP/USD here, feel free to follow and ask questions..

If you want to become a member of TradeWith60 you can have a look at what we offer at tradewith60.com

1 years membership is now $299 (from now until 01 January 2017 $100 year offer is open again - 100 seats available)

If you prefer to trade higher timeframes here are videos covering H4 and Daily TF

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https://www.youtube.com/c/Tradewith60live
tradewith60
  • #2
  • Aug 27, 2015 11:52am Aug 27, 2015 11:52am
EU short from the high

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tradewith60
  • #3
  • Aug 27, 2015 11:55am Aug 27, 2015 11:55am
and this was this mornings GU short, from the high of the day. Just trading only from the high and low of the day...

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tradewith60
  • #4
  • Aug 27, 2015 12:26pm Aug 27, 2015 12:26pm
Quoting 60minuteman
and this was this mornings GU short, from the high of the day. Just trading only from the high and low of the day... {image}
At what point, and how would you decide when the high or low of the day has set in as opposed to chop ?
every Saint has a past. Every Sinner has a Future
  • #5
  • Aug 27, 2015 1:15pm Aug 27, 2015 1:15pm
Hi 60, nice to see you back. Of course the last few days are great catching the tops and doing a set and forget, but how are you managing the trades in general in case you run into choppy times?

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  • #6
  • Aug 27, 2015 6:41pm Aug 27, 2015 6:41pm
Hi Mike, Hi Turnip, nice to see you guys...

The high AND low of day nearly always occur in the London and NY sessions (european currencies/US dollar) so you're looking OUTSIDE the asian range and then a reversal breakout.. and obviously you're aiming for the opposite set up to exit

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tradewith60
  • #7
  • Aug 28, 2015 3:55am Aug 28, 2015 3:55am
in a GU short, watching EU, high of the day, breakout short

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tradewith60
  • #8
  • Aug 28, 2015 4:34am Aug 28, 2015 4:34am
EU
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  • #9
  • Aug 28, 2015 5:11am Aug 28, 2015 5:11am
we had a new low and closed up, pending long set - short still active

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tradewith60
  • #10
  • Aug 28, 2015 6:35am Aug 28, 2015 6:35am
closed down, pending long cancelled

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tradewith60
  • #11
  • Aug 28, 2015 9:51am Aug 28, 2015 9:51am
pending long not hit, h1 about to close down, will cancel long and let short run again

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tradewith60
  • #12
  • Aug 28, 2015 10:43am Aug 28, 2015 10:43am
im done for the day (and the week) with EU. grtting out at the low with 98 pips

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tradewith60
  • #13
  • Aug 28, 2015 10:44am Aug 28, 2015 10:44am
Gu sat at +67, still watching this one, has it got one more drop in it?

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tradewith60
  • #14
  • Aug 28, 2015 10:53am Aug 28, 2015 10:53am
Quoting 60minuteman
im done for the day (and the week) with EU. getting out at the low with 98 pips {image}
poo! well they do say you make bad decisions when you're tired....lol... missed any easy chink there
tradewith60
  • #15
  • Aug 28, 2015 10:56am Aug 28, 2015 10:56am
between London open and midnight there are 15 H1 bars - during that time GU and EU will print the high AND low of the day (not every single day, but see how many days you can find where they don't), that's the logic
tradewith60
  • #16
  • Aug 28, 2015 11:00am Aug 28, 2015 11:00am
ok done on GU too +65, exhausted, bring on the weekend!

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tradewith60
  • #17
  • Aug 28, 2015 11:09am Aug 28, 2015 11:09am
Quoting 60minuteman
ok done on GU too +65, exhausted, bring on the weekend! {image}
​
exhausted? You need to read more of Denise's work

Well done - have a great weekend!
  • #18
  • Aug 28, 2015 11:10am Aug 28, 2015 11:10am
Quoting MikeCo
{quote} ​ exhausted? You need to read more of Denise's work Well done - have a great weekend!
funny I was just watching one of her videos...
tradewith60
  • #19
  • Aug 28, 2015 3:23pm Aug 28, 2015 3:23pm
Hi 60, great approach and good trading. Been following you since some time and really like the simplicity of your setups.
Learning never stops in this life. Blessings to you and your loved once.
  • #20
  • Aug 28, 2015 3:48pm Aug 28, 2015 3:48pm
Quoting Menle
Hi 60, great approach and good trading. Been following you since some time and really like the simplicity of your setups. Learning never stops in this life. Blessings to you and your loved once.
Hi Menle, thank's for that, very appreciated!
tradewith60
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