Highest Open / Lowest Open Trade

Don't have much time to trade today so I will not rush.

Managed to get 1 pip from that long USDJPY. LOL
Hey I am not complaining.

And watch out, Yellen is speaking this afternoon.

Have a nice weekend all!

Anyone catch this?

This may help those who are trigger happy to wait:

M15 bar must open below the lowest H1 open before you can enter.

M15 bar must open above the highest H1 open before you can enter.

Price will be moving in your direction when you enter the trade.

Attached Image (click to enlarge)

Hi Everybody.

A looser !

Please TooSlow : anything wrong ? a comment ? an advice ?

Thanks In Advance... and enjoy your Week-End.

Best Regards.

BBF

This may help those who are trigger happy to wait:

M15 bar must open below the lowest H1 open before you can enter.

M15 bar must open above the highest H1 open before you can enter.

Price will be moving in your direction when you enter the trade.

Example:

Bars 56, 55, 35 and 32 opened above the H1 highest open.
Short trades were profitable.

This may help those who are trigger happy to wait:

M15 bar must open below the lowest H1 open before you can enter.

M15 bar must open above the highest H1 open before you can enter.

Price will be moving in your direction when you enter the trade.

Example:

Bars 6 opened below the H1 lowest open.
Long trades were profitable.

M15 bar must open below the lowest H1 open before you can enter.

The chart has the trigger lines and nothing else.


"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

M15 bar must open above the highest H1 open before you can enter.

The chart has the trigger lines and nothing else.


"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

Is this chart easier to understand?

Did you enter when price was rising or falling?

M15 bar must open below the lowest H1 open before you can enter.

The above charts do not fit the new criteria for buying.
The new criteria "filters out" these trades for the less experienced traders.
The premise of buying at the lowest open is still valid for the more experienced traders.
Decide for yourself to which group you belong.

.

M15 bar must open below the lowest H1 open before you can enter.

Nothing is for sure, 100%.
Trade selection should seek to minimize risk.
Better to wait for proper setup.

M15 bar must open below the lowest H1 open before you can enter.

M15 bar must open below the lowest H1 open before you can enter.

M15 bar must open above the highest H1 open before you can enter.