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Highest Open / Lowest Open Trade

  • #941
  • May 24, 2016 8:23am May 24, 2016 8:23am
Attached Image (click to enlarge)
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Bar[6] broke through yesterday's high - a reason for caution.
Bar[1] is an inside bar.
Bar[0] broke through the high of the inside bar - a reason for caution.
This is the reason for placing/moving your stop ASAP.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #942
  • May 24, 2016 8:35am May 24, 2016 8:35am
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Patience
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #943
  • May 24, 2016 8:37am May 24, 2016 8:37am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #944
  • May 24, 2016 8:40am May 24, 2016 8:40am
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Shall we dance?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #945
  • May 24, 2016 8:42am May 24, 2016 8:42am
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This pair costs about twice the eurusd.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #946
  • May 24, 2016 8:47am May 24, 2016 8:47am
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Scratched this trade.
Too many red candles in a row.
Reversal imminent.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #947
  • May 24, 2016 8:50am May 24, 2016 8:50am
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Also, the daily chart told me to scratch this trade.
When you dance with the market, the market always leads.
When you try to lead, your toes get stepped on.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #948
  • May 24, 2016 8:51am May 24, 2016 8:51am
Who got this? usdcad
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 27 KB
  • #949
  • May 24, 2016 8:52am May 24, 2016 8:52am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #950
  • May 24, 2016 8:53am May 24, 2016 8:53am
Quoting wannalearn12
Who got this? usdcad {image}
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 40 KB


Had usdcad short from daily open because it was the highest daily open.
Notice inside bar.
But TP way too early (in hindsight).
Can't look back
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #951
  • May 24, 2016 9:02am May 24, 2016 9:02am
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Let's dance.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #952
  • May 24, 2016 9:16am May 24, 2016 9:16am
Ok ,,, i will shift my Focus to hear instead ,,,, Thanks TooSlow
  • #953
  • May 24, 2016 9:45am May 24, 2016 9:45am
21 pips eur usd. bought at cross of lowest open.
  • #954
  • May 24, 2016 9:54am May 24, 2016 9:54am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #955
  • May 24, 2016 10:37am May 24, 2016 10:37am
be+1 on eur usd was up 25 shouldve taken off the table
  • #956
  • May 24, 2016 11:18am May 24, 2016 11:18am
Quoting wannalearn12
be+1 on eur usd was up 25 shouldve taken off the table
Remember, after +10, ether move stop up to +5, deploy trailing stop, exit part of position or bank all pips.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #957
  • May 24, 2016 11:57am May 24, 2016 11:57am
Hi TooSlow

great thread you have here and I like the pure price action it follows.

I was wondering if you have ever reversed the rules on this and instead of selling the high you buy it and vice versa with the same Money management you are using atm

Cheers

Eamonn.
  • #958
  • May 24, 2016 12:05pm May 24, 2016 12:05pm
Quoting Eamonn
Hi TooSlow great thread you have here and I like the pure price action it follows. I was wondering if you have ever reversed the rules on this and instead of selling the high you buy it and vice versa with the same Money management you are using atm Cheers Eamonn.
No.
That is a breakout trade.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #959
  • May 24, 2016 12:16pm May 24, 2016 12:16pm
What makes people want to change things especially when things work just fine as is?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #960
  • May 24, 2016 1:30pm May 24, 2016 1:30pm
GBPUSD stalled
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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