Attachments: Highest Open / Lowest Open Trade

Highest Open / Lowest Open Trade

#601
May 19, 2016 3:06am May 19, 2016 3:06am

roughtrader
Joined Jan 2011 | Status: Senior Trader | 1,475 Posts

Quoting TooSlow

Disliked

{quote} It is unfortunate that you do not find value in my answer. Please exercise extreme caution when you use any system or method found on trading forums. Test and verify everything to the best of your ability. You have no idea who you are reading and what their motives might be.

Ignored

That is exactly why I am asking you,
what are your motives?

Bulls are stupid Animals!especially when Im short!

#602
May 19, 2016 3:12am May 19, 2016 3:12am

TooSlow
Joined Mar 2012 | Status: Trader | 14,361 Posts

Quoting ArthurLe

Disliked

Hi TS, this is a great thread, I am learning... Some questions regarding the UJ trade yesterday if I may ask, as I may have understood the material & done it wrongly. Highest/ Lowest Open Approach - On H1 TF(pic below): a daily highest open on candle was identified with a blue line, at that point of time the trigger candle which opened lower went thru the blue line & went back down a short trade was taken at the blue line price, i.e. the daily higest open a SL was placed on high of the trigger candle(later was buried as price shot up, but hereby...

Ignored

There is no way to know in advance what price will do after you enter.
There will be losses and we use stops as damage control.
Accept there will be losses.
Accept you will be stopped out at BE+1 and the trade will turn around and run.
Sometimes you will take the Lion's share.
You do not know when these events will occur.
That's trading.

Some traders wait for the pair to exceed its average daily range before entering reversals.
On the chart price rose to the highest open.
Waiting for price to test the high before entering would be wise but that's not always the case as price may reverse off that point.

Take the loss in stride.
It is just one trade.
Your stop worked.
Be happy😊

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#603
May 19, 2016 3:13am May 19, 2016 3:13am

TooSlow
Joined Mar 2012 | Status: Trader | 14,361 Posts

Quoting roughtrader

Disliked

{quote} That is exactly why I am asking you, what are your motives?

Ignored

To share a truly simple trading method.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#604
May 19, 2016 3:24am May 19, 2016 3:24am

TooSlow
Joined Mar 2012 | Status: Trader | 14,361 Posts

Quoting roughtrader

Disliked

{quote} That is exactly why I am asking you, what are your motives?

Ignored

There are many other systems and methods here on FF.
There is a possibility another may be a better fit for you.
That decision is yours and yours alone.

What you see is all there is to see.
There are no graphs showing how much an EA made.
No portfolio history to brag about.
No pages of rules.
No indicators and templates.
Only a simple method which has numerous trade possibilities daily.

Traders come and stay because they see something of value.
Traders leave because they don't.
That decision is theirs.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#605
May 19, 2016 5:25am May 19, 2016 5:25am

Go5
Joined Jun 2014 | Status: Invisible | 1,472 Posts

Stopped out on EJ and still short NU

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#606
May 19, 2016 5:43am May 19, 2016 5:43am

turnip15
Joined Sep 2006 | Status: Trader | 10,704 Posts

Quoting roughtrader

Disliked

{quote} That is exactly why I am asking you, what are your motives?

Ignored

Perhaps he likes sharing -many do. he is not asking for money.

If you are not happy and/or have not tested his approach yourself, then ,perhaps, you would be better off elsewhwere

every Saint has a past. Every Sinner has a Future

#607
May 19, 2016 6:25am May 19, 2016 6:25am

Habo
| Joined May 2016 | Status: Trader | 134 Posts

Good morning!

Currently waiting for the breakouts to finish making new highs and lows. When will that be? Nobody knows.

#608
May 19, 2016 6:37am May 19, 2016 6:37am

wannalearn12
| Joined May 2016 | Status: Keep on rockin' me babe | 1,711 Posts

Morning all, Habo post some setups today. I'll try to post what I see.

#609
May 19, 2016 7:01am May 19, 2016 7:01am

Habo
| Joined May 2016 | Status: Trader | 134 Posts

I am having my eyes on this one. USDJPY for a long trade. It's also within yesterdays daily range, so not so "dangerous"

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#610
May 19, 2016 7:05am May 19, 2016 7:05am

wannalearn12
| Joined May 2016 | Status: Keep on rockin' me babe | 1,711 Posts

What are the thoughts? good setup?

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#611
May 19, 2016 7:10am May 19, 2016 7:10am

Habo
| Joined May 2016 | Status: Trader | 134 Posts

Darn, I was a second too late, getting my coffee from the kitchen. I still entered and I am already at BE +1

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#612
May 19, 2016 7:14am May 19, 2016 7:14am

Habo
| Joined May 2016 | Status: Trader | 134 Posts

USDPY BE +1 got hit. Thanks, caffeine addiction. These extra 5pips would have been all I needed to stay clear. But that is okay. There will be more today.

#613
May 19, 2016 7:18am May 19, 2016 7:18am