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Highest Open / Lowest Open Trade

  • #1,141
  • May 26, 2016 6:40pm May 26, 2016 6:40pm
Quoting TooSlow
{image} Let me know if this real time example helped you understand.
Helped a lot. Thank you.
  • #1,142
  • May 26, 2016 6:49pm May 26, 2016 6:49pm
Quoting wannalearn12
{quote} Helped a lot. Thank you.
How did it help?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,143
  • May 26, 2016 7:35pm May 26, 2016 7:35pm
Quoting TooSlow
{quote} How did it help?
I saw the absolute patience on the entrance. You waited until it was perfect to go in.
  • #1,144
  • May 26, 2016 8:36pm May 26, 2016 8:36pm
Quoting wannalearn12
{quote} I saw the absolute patience on the entrance. You waited until it was perfect to go in.
It is like you are a hit man. You learn the target's habits, routine, schedule, etc.You will only get one shot.You wait for your shot.You do not get paid for missing.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,145
  • May 26, 2016 10:14pm May 26, 2016 10:14pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,146
  • May 26, 2016 10:16pm May 26, 2016 10:16pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,147
  • May 27, 2016 2:55am May 27, 2016 2:55am
Hi Everybody

AUD/USD --> BE + 1

GBP/USD --> +16

Best Regards

BBF
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BigBlackfeet Always on the(forex) war path !
  • #1,148
  • May 27, 2016 6:39am May 27, 2016 6:39am
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Good morning.
Another day.
Only a couple of posts since yesterday.
Don't be shy.

Who's in with eurjpy?


HIGHEST OPEN / LOWEST OPEN TRADE

Place a line at the highest H1 open and lowest H1 open for the current day.

Sell short at the highest H1 open after price goes up through it and comes back down.

Buy at the lowest H1 open after price goes down through it and comes back up.


Stop loss is the current daily high or current daily low.
Adjust your position size accordingly.

Take profit by moving stop.
When trade is +5 or more, move stop to BE+1.
When trade is +10 or more, move to to BE+5, or switch to trailing stop.
Optional exit is to exit part of trade position with a profit to bank it, move stop to BE+1 and watch the market.


WARNING

When price breaks through yesterday's high or low, that is a breakout!
Trade the reversal with caution.

To the NO voters in the poll. Please post the reason you believe this is not simple. Thank you.


"Perfection is not when you have nothing more to add, but when you have nothing more to take away." - Antoine De Saint Exupery

"It is not about adding on, but taking away. The less technique, the better you are." - Bruce Lee


Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,149
  • May 27, 2016 6:41am May 27, 2016 6:41am
Quoting BLACKFEET
Hi Everybody AUD/USD --> BE + 1 GBP/USD --> +16 Best Regards BBF {image} {image}
Well done
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,150
  • May 27, 2016 6:46am May 27, 2016 6:46am
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USD red news next hour.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,151
  • May 27, 2016 7:08am May 27, 2016 7:08am
Quoting TooSlow
{image} USD red news next hour.
Have a good day trading. Takin the morning off. Going to go fishin!
  • #1,152
  • May 27, 2016 7:09am May 27, 2016 7:09am
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Banked pips quick.
Red new at half past the hour.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,153
  • May 27, 2016 7:15am May 27, 2016 7:15am
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Another dance?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,154
  • May 27, 2016 7:24am May 27, 2016 7:24am
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Hindsight.
Do not beat yourself up after you exit and a trade continues in your direction.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,155
  • May 27, 2016 7:35am May 27, 2016 7:35am
Quoting TooSlow
{image} Hindsight. Do not beat yourself up after you exit and a trade continues in your direction.
Like in this one
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  • #1,156
  • May 27, 2016 7:50am May 27, 2016 7:50am
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Waiting
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,157
  • May 27, 2016 7:52am May 27, 2016 7:52am
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Waiting
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,158
  • May 27, 2016 7:53am May 27, 2016 7:53am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,159
  • May 27, 2016 7:58am May 27, 2016 7:58am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,160
  • May 27, 2016 8:04am May 27, 2016 8:04am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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