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Highest Open / Lowest Open Trade

  • #321
  • May 16, 2016 1:31pm May 16, 2016 1:31pm
Hi Tooslow,

Im still short on the EUR/USD, GBP/USD, AUD/USD, and NZD/USD in profit. Went long on the CAD and it's bouncing around

I would post charts but I am trading from my phone at work
  • #322
  • May 16, 2016 1:37pm May 16, 2016 1:37pm
Quoting TooSlow
{quote} {image} Looking good
++++++++++++++++++++++++++++++++

UsdCad +10 Closed, 1st entry -15
AudJpy -4 Closed
NzdUsd, holding with SL +5
EurJpy Not moving much. Still about at entry. (Update): Now SL @ BE

  • #323
  • May 16, 2016 2:23pm May 16, 2016 2:23pm
Quoting wannalearn12
Too Slow, do you trade in your own thread everyday? I've learned a lot from watching your threads.
Are you asking do I post charts everyday? Yes, usually.Feel free to post yours here.Please post what you have learned in your own words for the benefit of others.Thank you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #324
  • May 16, 2016 3:11pm May 16, 2016 3:11pm
Too Slow, I've learned how to execute the protocols prescribed for my first 6 successful trades. Only having three losses. My risk management has improved significantly, and I'm not hot to jump the gun anymore. Thanks for the information. I'm curious what hours should I be trading for optimal effictiveness? 7:30-12:00 am central and 5:00-8:00 pm central?
  • #325
  • May 16, 2016 3:25pm May 16, 2016 3:25pm
Quoting wannalearn12
Too Slow, I've learned how to execute the protocols prescribed for my first 6 successful trades. Only having three losses. My risk management has improved significantly, and I'm not hot to jump the gun anymore. Thanks for the information. I'm curious what hours should I be trading for optimal effictiveness? 7:30-12:00 am central and 5:00-8:00 pm central?
The answer is not about what hours to trade.
The answer is trade the pairs which move the most during a session.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #326
  • May 16, 2016 3:40pm May 16, 2016 3:40pm
Those who trade the Asian and London sessions, please post your charts and trades.
Don't be shy.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #327
  • May 16, 2016 4:15pm May 16, 2016 4:15pm
Nice system . Looking for a trademanager for BE and proportional trailing. Banked 36 pips so far...
  • #328
  • May 16, 2016 5:17pm May 16, 2016 5:17pm
Quoting Go5
Nice system . Looking for a trademanager for BE and proportional trailing. Banked 36 pips so far...
Good trading.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #329
  • May 16, 2016 5:26pm May 16, 2016 5:26pm
Ha, this is addicting and I can't stay away.

I reported a wrong number when I left. I had two trailed trades open that finally closed in the afternoon. So my total booty today is 43 pips. Very happy about this.

I would like to try this system in the Asian session as well but how do we set the daily high and low opens? The new trading day starts at 5pm NY time and the range in the Asian is still very compressed even for the moving pairs. I am thinking of just leaving my vertical lines and not start a new day yet. Other opinions?
  • #330
  • May 16, 2016 5:46pm May 16, 2016 5:46pm
3 trades from NY session that were set and forget. No trailing stop or BE.

EG -5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eg.JPG Size: 58 KB


NU 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: nu.JPG Size: 58 KB


UC 12 pips
Attached Image (click to enlarge)
Click to Enlarge Name: uc.JPG Size: 64 KB
  • #331
  • May 16, 2016 6:06pm May 16, 2016 6:06pm
Who's trading the next sessions?
  • #332
  • May 16, 2016 6:15pm May 16, 2016 6:15pm
Quoting Habo
Ha, this is addicting and I can't stay away. I reported a wrong number when I left. I had two trailed trades open that finally closed in the afternoon. So my total booty today is 43 pips. Very happy about this. I would like to try this system in the Asian session as well but how do we set the daily high and low opens? The new trading day starts at 5pm NY time and the range in the Asian is still very compressed even for the moving pairs. I am thinking of just leaving my vertical lines and not start a new day yet. Other opinions?
Do not be greedy.
There will be plenty of trades tomorrow.
No need to push it.

Breakouts, not reversals, work best in Asian session.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #333
  • May 16, 2016 6:15pm May 16, 2016 6:15pm
I will try it for 2 or 3 hours into Tokyo session. But I think I will just treat the current level as the high or low open.
  • #334
  • May 16, 2016 6:17pm May 16, 2016 6:17pm
Quoting tradertron
3 trades from NY session that were set and forget. No trailing stop or BE. EG -5 pips {image} NU 10 pips {image} UC 12 pips {image}
"No trailing stop or BE"

What is the reason you did this?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #335
  • May 16, 2016 6:19pm May 16, 2016 6:19pm
Quoting TooSlow
{quote} Do not be greedy. There will be plenty of trades tomorrow. No need to push it. Breakouts, not reversals, work best in Asian session.
You are right. Don't know what I was thinking....Got too excited. :-)
  • #336
  • May 16, 2016 6:19pm May 16, 2016 6:19pm
Quoting Habo
I will try it for 2 or 3 hours into Tokyo session. But I think I will just treat the current level as the high or low open.
Better to trade the daily open crossover.
Let price move one way and then trade the crossover at the daily open line.
The daily open line will be the highest/lowest open during the first hour.

Has this thread attracted "trading junkies"? LOL
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #337
  • May 16, 2016 6:20pm May 16, 2016 6:20pm
Quoting Habo
{quote} You are right. Don't know what I was thinking....Got too excited. :-)
Go back and look at your trades from today.
Is there anything you can learn from what you did or failed to do?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #338
  • May 16, 2016 6:22pm May 16, 2016 6:22pm
Too Slow, would a breakout be a push through the open, or does it rely on support and resistance levels?
  • #339
  • May 16, 2016 6:24pm May 16, 2016 6:24pm
I would like to welcome and say "thanks" to all of the new subscribers.
And for those who have not subscribed yet, you are welcome to hang around for as long as you like.
Ask questions.
Post charts and comments.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #340
  • May 16, 2016 6:35pm May 16, 2016 6:35pm
Quoting TooSlow
{quote} "No trailing stop or BE" What is the reason you did this?
Had the trades on already and had to leave for a few hours and didn't want to leave the computer running just to have the client side trailing stop or BE active so that is why it was "set and forget". Just got back a while ago to check in.

Seem to be worked out better then trailing/BE.

GBP on the move for some reason.
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