Highest Open / Lowest Open Trade | Page 43 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

Highest & Lowest Open/Close Price for a Loop 3 replies

I need to highest and lowest SMA 14 replies

how to get yesterday price highest and lowest 7 replies

highest to lowest volume pairs??? 3 replies

Attachments: Highest Open / Lowest Open Trade
Exit Attachments

Highest Open / Lowest Open Trade

  • #841
  • May 23, 2016 1:50am May 23, 2016 1:50am
Yes.
I was testing and didn't want it to turn into a loser.
Otherwise, I would have given the trade more time.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #842
  • May 23, 2016 3:00am May 23, 2016 3:00am
Quoting TooSlow
Yes. I was testing and didn't want it to turn into a loser. Otherwise, I would have given the trade more time.

I can see that could be frustrating. I'm currently in a short trade Eur/Gbp using this method and I have a couple of questions. When it got to +5 I applied a 5 pip stop loss which immediately applied at -2 instead of zero or +1. How accurate do you feel this has to be?

This brings me to my second question. How likely are you to let a trade run for the rest of the day/week/year if it runs into over, say, 10 pips profit? Do you habitually trail quite closely and then get stopped out relatively early for a few pips? Sorry if you have already answered these questions somewhere else, but I have read most of the early posts.

Thanks in anticipation of your answer. I can see you probably are sleeping now.
Gone to a better place
  • #843
  • May 23, 2016 6:20am May 23, 2016 6:20am
Stopped out at +6pips BE.... Not bad for a 1st timer.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1b.png Size: 34 KB
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #844
  • May 23, 2016 7:06am May 23, 2016 7:06am
Morning,

Made some good pips already this morning and will wait a little now. Have found that the hours between 6 and 8am EST (London lunch time and right before NY open) always have good opportunities for these entrancements.
  • #845
  • May 23, 2016 8:27am May 23, 2016 8:27am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 39 KB


My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #846
  • May 23, 2016 8:29am May 23, 2016 8:29am
Sharing two long trades on GBPUSD. Still in second trade with Stop loss moved to BE+1 and partial profit taring at 5 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (136).png Size: 22 KB
  • #847
  • May 23, 2016 8:31am May 23, 2016 8:31am
Quoting Habo
Morning, Made some good pips already this morning and will wait a little now. Have found that the hours between 6 and 8am EST (London lunch time and right before NY open) always have good opportunities for these entrancements.
Nice trading Habo, and interesting observation.
Everything will be okay in the end. If it's not okay, it's not the end.
  • #848
  • May 23, 2016 8:33am May 23, 2016 8:33am
Quoting smikester
{quote} I can see that could be frustrating. I'm currently in a short trade Eur/Gbp using this method and I have a couple of questions. When it got to +5 I applied a 5 pip stop loss which immediately applied at -2 instead of zero or +1. How accurate do you feel this has to be? This brings me to my second question. How likely are you to let a trade run for the rest of the day/week/year if it runs into over, say, 10 pips profit? Do you habitually trail quite closely and then get stopped out relatively early for a few pips? Sorry if you have already...
No, not frustrating at all.
Asian session is not my usual trading session.
Was testing a trading idea.
Was not 100% focused on trade.
Moved to BE+1 ASAP to avoid possible loss because I was not focused.
Testing was more important than actual trading.

When it got to +5 I applied a 5 pip stop loss which immediately applied at -2 instead of zero or +1. How accurate do you feel this has to be?

Check you trading parameters.
There is an option for max slippage or something like that.
I allow 1 pip slip.
Hence BE+1.

How likely are you to let a trade run for the rest of the day/week/year if it runs into over, say, 10 pips profit?

So far, never.
Would be nice though.

Do you habitually trail quite closely and then get stopped out relatively early for a few pips?

No.
Best to wait.
Give trade a chance to develop.

Thanks for the questions.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #849
  • May 23, 2016 8:35am May 23, 2016 8:35am
Quoting Habo
Sharing two long trades on GBPUSD. Still in second trade with Stop loss moved to BE+1 and partial profit taring at 5 pips. {image}
Well done
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #850
  • May 23, 2016 8:43am May 23, 2016 8:43am
Quoting TooSlow
{quote} Well done
Thank you.

Yes, I am also experimenting with the trailed SL. This is what I am doing for now:

Move to BE+1 once it's 5 pips in profit and do partial profit taking (half the position) after another 5 pips. That part has worked very well.

After that I am not so sure. If I trail to close it get's hit early, if I close wider the trade has more space but if it does get hit the stop loss is further away....

For now I prefer the closer trail, usually move 5 pips up (or down) after every 10 pip move.
  • #851
  • May 23, 2016 8:44am May 23, 2016 8:44am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 36 KB


My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #852
  • May 23, 2016 8:49am May 23, 2016 8:49am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 39 KB


Exited 1/2 position.
Rest is riding.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #853
  • May 23, 2016 8:53am May 23, 2016 8:53am
Quoting TooSlow
{image} Exited 1/2 position. Rest is riding.
That is a good trade. I don't know why I missed it.
  • #854
  • May 23, 2016 8:58am May 23, 2016 8:58am
Trailed Stop got hit at GU trade at 14 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
  • #855
  • May 23, 2016 9:02am May 23, 2016 9:02am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 39 KB


Took profit.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #856
  • May 23, 2016 9:04am May 23, 2016 9:04am
Quoting Habo
Trailed Stop got hit at GU trade at 14 pips. {image}
Bravo
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #857
  • May 23, 2016 9:04am May 23, 2016 9:04am
Interested in EURUSD long next.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 15 KB
  • #858
  • May 23, 2016 9:04am May 23, 2016 9:04am
Quoting Habo
{quote} That is a good trade. I don't know why I missed it.
Were you looking at this pair?
How many pairs are you tracking?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #859
  • May 23, 2016 9:07am May 23, 2016 9:07am
Quoting Habo
Interested in EURUSD long next. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 39 KB


Hope you got it
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #860
  • May 23, 2016 9:12am May 23, 2016 9:12am
Quoting TooSlow
{quote} Were you looking at this pair? How many pairs are you tracking?
Yes, I had it on my radar. Just somehow missed it. I hope you made good pips on this. Was a good move down.
28 traders viewing now