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Highest Open / Lowest Open Trade

  • #641
  • May 19, 2016 8:18am May 19, 2016 8:18am
Quoting TooSlow
{image} Trailing stop set.
What size do you trail at? I got stopped in profit on those trades you took.
  • #642
  • May 19, 2016 8:19am May 19, 2016 8:19am
Both trailing stops just got hit

There will be those who stop by this thread and want proof.
There is nothing for me to prove.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #643
  • May 19, 2016 8:20am May 19, 2016 8:20am
Quoting wannalearn12
{quote} What size do you trail at? I got stopped in profit on those trades you took.
Normally, 5 pips.
Hindsight tells me the EURUSD stop could have waited to be placed but better to follow the basic rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #644
  • May 19, 2016 8:20am May 19, 2016 8:20am
Quoting TooSlow
{quote} Normally 5 pips.
Okay, and when is it deployed? +10 pips?
  • #645
  • May 19, 2016 8:23am May 19, 2016 8:23am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 40 KB


Second chance.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #646
  • May 19, 2016 8:24am May 19, 2016 8:24am
Quoting wannalearn12
{quote} Okay, and when is it deployed? +10 pips?
Usually, between +6 and +10.
But you have to figure out what works best for you for each pair you trade.
Really not ONE SIZE FITS ALL.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #647
  • May 19, 2016 8:30am May 19, 2016 8:30am
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Went back to the well.
Stop at BE+1.
Will let it run.

Showing M15 chart to display price action.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #648
  • May 19, 2016 8:31am May 19, 2016 8:31am
Attached Image (click to enlarge)
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Daily open cross trade possibility
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #649
  • May 19, 2016 8:33am May 19, 2016 8:33am
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Didn't take long
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #650
  • May 19, 2016 8:34am May 19, 2016 8:34am
Many perfect trades at beginning of this hour. Missed them all while replying here. Definitely my BAD!
  • #651
  • May 19, 2016 8:37am May 19, 2016 8:37am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #652
  • May 19, 2016 8:41am May 19, 2016 8:41am
Quoting diamonddbw
Many perfect trades at beginning of this hour. Missed them all while replying here. Definitely my BAD!
Time management.
Set your priorities.
My comments are brief because trading more important than posting to me.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #653
  • May 19, 2016 8:45am May 19, 2016 8:45am
whatcha think?
Attached Image (click to enlarge)
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  • #654
  • May 19, 2016 8:47am May 19, 2016 8:47am
Quoting TooSlow
{quote} There is no way to know in advance what price will do after you enter...
Noted with thanks TS, like yr positive attitude with this "at least my stop worked"
  • #655
  • May 19, 2016 8:47am May 19, 2016 8:47am
Quoting TooSlow
{image} Daily open cross trade possibility
Oh no, we are adding a new line!!!??? This is from your other thread?
  • #656
  • May 19, 2016 8:47am May 19, 2016 8:47am
Attached Image (click to enlarge)
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Deployed trailing stop.
Got stopped out.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #657
  • May 19, 2016 8:49am May 19, 2016 8:49am
Quoting Habo
{quote} Oh no, we are adding a new line!!!??? This is from your other thread?
No.
Need to know where price is in relation to daily open to determine whether price is up or down, right?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #658
  • May 19, 2016 8:50am May 19, 2016 8:50am
Quoting wannalearn12
whatcha think? {image}
Is that an MT4 chart?
Please show prices on side of chart.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #659
  • May 19, 2016 8:51am May 19, 2016 8:51am
Quoting TooSlow
{quote} No. Need to know where price is in relation to daily open to determine whether price is up or down, right?
Highschool answer: Right!
  • #660
  • May 19, 2016 8:56am May 19, 2016 8:56am
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Possibility
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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