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Highest Open / Lowest Open Trade

  • #781
  • May 20, 2016 7:42am May 20, 2016 7:42am
Quoting wannalearn12
note to self. don't be so impatient so I don't lose 150 pips again.

THIS IS TRADING:

Wait.
Enter - takes about 1 second
Wait.
Exit - takes about 1 second


Most of the time is spent waiting.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #782
  • May 20, 2016 7:49am May 20, 2016 7:49am
Quoting TooSlow
{quote} What is it that you understand?

I can not know when the breakouts come. I have two choices:

1) not to trade

2) to trade

If I trade, the stop loss will protect me. The tighter the better.
  • #783
  • May 20, 2016 7:52am May 20, 2016 7:52am
Quoting TooSlow
{image} Who got this?
Got 3 pips out of it...+lost 5 on AU
  • #784
  • May 20, 2016 7:56am May 20, 2016 7:56am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 37 KB
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow2.png Size: 38 KB


Who got these?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #785
  • May 20, 2016 8:03am May 20, 2016 8:03am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 36 KB


Setup
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #786
  • May 20, 2016 8:07am May 20, 2016 8:07am
Attached Image (click to enlarge)
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Setup
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #787
  • May 20, 2016 8:09am May 20, 2016 8:09am
Attached Image (click to enlarge)
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Setup
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #788
  • May 20, 2016 8:11am May 20, 2016 8:11am
Quoting TooSlow
{image} Setup
Hello TooSlow

I have read your thread, with interest. You are trying to get in on counter trend setups from what I can see. In the quoted post above for USDCAD, this one setup and traded back through the highest open. My only concern with this is you would need a 35 pip stop including spread to risk making a minimum of BE+1, what do you with stops this large? Do you skip these trades?

Thanks Daz
Keep smiling
  • #789
  • May 20, 2016 8:14am May 20, 2016 8:14am
Attached Image (click to enlarge)
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Setup
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #790
  • May 20, 2016 8:14am May 20, 2016 8:14am
Quoting TooSlow
{image}{image} Who got these?
I've got it but was too-too-too-slow catch more pips.Same story as with E/J yesterday high breakout.
TooSlow what do you do when you are in waiting mode?
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-05-20_16-09.jpg Size: 133 KB
  • #791
  • May 20, 2016 8:16am May 20, 2016 8:16am
gbp/usd, I like to wait until the close is at or near the open of the LL or HH and then wait for the retest and reversal. Do you know what I am saying Too Slow?
Attached Image (click to enlarge)
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  • #792
  • May 20, 2016 8:17am May 20, 2016 8:17am
Quoting Misterdaz
{quote} Hello TooSlow I have read your thread, with interest. You are trying to get in on counter trend setups from what I can see. In the quoted post above for USDCAD, this one setup and traded back through the highest open. My only concern with this is you would need a 35 pip stop including spread to risk making a minimum of BE+1, what do you with stops this large? Do you skip these trades? Thanks Daz
Adjust position size to compensate for large stop.
Sometime I skip these trades if there are better looking setups else where.

Good guestions, thanks.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #793
  • May 20, 2016 8:20am May 20, 2016 8:20am
Made pips on the usdcad setup.
  • #794
  • May 20, 2016 8:21am May 20, 2016 8:21am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow2.png Size: 37 KB


Set my BE+1 too soon.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #795
  • May 20, 2016 8:22am May 20, 2016 8:22am
Quoting TooSlow
{image} Set my BE+1 too soon.
DAMN! It surged like 50 pips!
  • #796
  • May 20, 2016 8:23am May 20, 2016 8:23am
Quoting wannalearn12
gbp/usd, I like to wait until the close is at or near the open of the LL or HH and then wait for the retest and reversal. Do you know what I am saying Too Slow? {image}
No.
Please elaborate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #797
  • May 20, 2016 8:24am May 20, 2016 8:24am
looky looky?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpysetupwoot.png Size: 17 KB
  • #798
  • May 20, 2016 8:25am May 20, 2016 8:25am
Quoting TooSlow
{quote} No. Please elaborate.
You see how the usdcad set up? With the close and open really close? I believe these are the optimal setups in this style.
  • #799
  • May 20, 2016 8:32am May 20, 2016 8:32am
waiting patiently.
Attached Image (click to enlarge)
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  • #800
  • May 20, 2016 8:39am May 20, 2016 8:39am
eurjpy setup or no? 1 hour chart open is dotted blue line
Attached Image (click to enlarge)
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