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Highest Open / Lowest Open Trade

  • #421
  • May 17, 2016 9:22pm May 17, 2016 9:22pm
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The reason for exiting part of the trade with a profit and letting the rest ride
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #422
  • May 17, 2016 9:22pm May 17, 2016 9:22pm
Hello manixramz, HighFivve, ShomariG, igor65, Mapangein, wannalearn12, tradertron, liberty55:

Are any of you trading now?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #423
  • May 17, 2016 9:24pm May 17, 2016 9:24pm
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News knocked it down.
Coming back up.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #424
  • May 17, 2016 9:45pm May 17, 2016 9:45pm
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Waiting
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #425
  • May 17, 2016 9:46pm May 17, 2016 9:46pm
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Second chance
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #426
  • May 17, 2016 9:53pm May 17, 2016 9:53pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #427
  • May 17, 2016 10:12pm May 17, 2016 10:12pm
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Third chance
Could be a charm or a disaster.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #428
  • May 17, 2016 10:20pm May 17, 2016 10:20pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #429
  • Edited 10:33pm May 17, 2016 10:23pm | Edited 10:33pm
Quoting TooSlow
Hello manixramz, HighFivve, ShomariG, igor65, Mapangein, wannalearn12, tradertron, liberty55: Are any of you trading now?
Thanks tooslow
Ya went long the usdaud before reading that Asian is for BOs. Lol
Q how do you trade BOs ?
Also do you enter on the close of a 5 min candle above below 1 hour line..thanks great thread bro.
Learn THEN Unlearn
  • #430
  • May 17, 2016 10:30pm May 17, 2016 10:30pm
Hey TooSlow! Found this thread today and subscribed a bit ago. Just studying and watching the setups tonight. Loving this stuff! Looks really easy. Will test the waters during the NY session.
  • #431
  • May 17, 2016 10:32pm May 17, 2016 10:32pm
Quoting HighFivve
{quote} Thanks tooslow Ya went long the usdaud before reading that Asian is for BOs. Lol Q how do you trade BOs ?
Breakouts are not my thing.
I avoid trading breakouts.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #432
  • May 17, 2016 10:34pm May 17, 2016 10:34pm
Quoting ShomariG
Hey TooSlow! Found this thread today and subscribed a bit ago. Just studying and watching the setups tonight. Loving this stuff! Looks really easy. Will test the waters during the NY session.
Easy? That depends on the trader.
Simple? Yes!

Easy and simple are not the same.
It is simple to lift weights.
It is easy to lift 5 lbs.
500 lbs is not so easy to lift.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #433
  • May 17, 2016 10:36pm May 17, 2016 10:36pm
Quoting TooSlow
{quote} Easy? That depends on the trader. Simple? Yes! Easy and simple are not the same. It is simple to lift weights. It is easy to lift 5 lbs. 500 lbs is not so easy to lift.
True. Thank you for that wise thought adjustment.
  • #434
  • May 17, 2016 10:39pm May 17, 2016 10:39pm
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Many questions about what pairs to trade and when to trade them.
A popular method is to use a strength meter ( found free on FF ) to determine which pairs to trade and direction of trade.
The meter shows USD as the strongest currency at the time and JPY in third place.
My thought is it as a toss up and shorting is permissible even though USD is slightly stronger so move stops to BE+1 ASAP.
The normal way is to select the strongest and weakest and trade with the strongest.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #435
  • May 17, 2016 10:43pm May 17, 2016 10:43pm
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USD was the strongest and EUR was the weakest at the moment.
It was prudent to wait for the EURUSD to go lower before entering long at the lowest open.
The meter can be used in this way to select pairs to trade but NO indicators are necessary to trade this method.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #436
  • May 17, 2016 10:46pm May 17, 2016 10:46pm
Try this strength meter on for size.

csDash - http://www.forexfactory.com/showthre...89#post8751589

Lots of bells and whistles, if you like that sort of thing.
  • #437
  • May 17, 2016 10:46pm May 17, 2016 10:46pm
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The meter shows USD much stronger that AUD.
Perhaps that is causing AUDUSD to be range bound.

The meter is here: http://www.forexfactory.com/showthre...53#post8334253
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #438
  • May 17, 2016 10:51pm May 17, 2016 10:51pm
Quoting ShomariG
Try this strength meter on for size. csDash - http://www.forexfactory.com/showthre...89#post8751589 Lots of bells and whistles, if you like that sort of thing.
EX4 files should be avoided in my opinion.
MQ4 files are compiled on your computer and the code can be inspected.
Which do you think is safer to use?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #439
  • May 17, 2016 10:57pm May 17, 2016 10:57pm
Waiting for aud\usd to move up over 7287

80% of breakouts fail.. Al Brooks
Learn THEN Unlearn
  • #440
  • May 17, 2016 11:07pm May 17, 2016 11:07pm
Quoting HighFivve
Waiting for aud\usd to move up over 7287 80% of breakouts fail.. Al Brooks
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Leaving pips on the table?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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