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Highest Open / Lowest Open Trade

  • #1,201
  • May 28, 2016 9:02pm May 28, 2016 9:02pm
Good thread:

http://www.forexfactory.com/showthread.php?t=215083
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,202
  • May 28, 2016 11:10pm May 28, 2016 11:10pm
Quoting TooSlow
After reading some other threads, I know what is wrong with this method: There is nothing to learn here. Absolutely, positively, nothing. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Sorry to disappoint you.
And,,,
Quoting TooSlow
This is a reply sent via PM to a subscriber: Yes, you can do this. All you have to do is wait. That is the hardest part. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Yes, you can do this!
Very Good ,,,
I'm certainly Not Disappointed after reading most of this thread.
I Appreciate the thought you put into your comments/replies
Hoping too do some Simple ,,,,,,,,, and Positive Trading next Week
Thanks TooSlow
  • #1,203
  • May 29, 2016 12:32am May 29, 2016 12:32am
Quoting StormGirl
{quote} And,,, {quote} Very Good ,,, I'm certainly Not Disappointed after reading most of this thread. I Appreciate the thought you put into your comments/replies Hoping too do some Simple ,,,,,,,,, and Positive Trading next Week Thanks TooSlow
The human mind is amazing.
Its capacity to learn is incredible.
But its decision making is suspect.

Given the choice between simple and complex, the mind, unfortunately for traders, tends to the complex.
Would you be more likely to choose the trader with 24 huge monitors and liquid cooled CPUs or the trader with one laptop as your mentor?
Bigger must be better, right?

The more threads I view, the more I am perplexed at what traders believe.
So many requests for indicators.
So many elaborate explanations.
Mind blowing!

Hope this doesn't come across the wrong way.
By no means, am I perfect.
I started a wrong trade thread to show my bad trades and failures.

However, I do smile when I see another's entry which occurred a few bars and pips after mine.
Hard to beat highest/lowest open price. 😀
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,204
  • May 29, 2016 12:23pm May 29, 2016 12:23pm
Quoting TooSlow
{quote} {image} Did you enter when price was rising or falling?
Hi TooSlow,

First thank you for your time answering and helping.

In fact the price MUST have risen slightly as it was a pending order BUY at the H1 open price.

I noticed that you add a (optional) rule with the M15 Time Frame and I'll use this way next week.

Best regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #1,205
  • May 29, 2016 6:04pm May 29, 2016 6:04pm
This would have been a good 20-50 pips. I just sat and watched it.
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  • #1,206
  • May 29, 2016 6:18pm May 29, 2016 6:18pm
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JPY pairs active.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,207
  • May 29, 2016 6:19pm May 29, 2016 6:19pm
Quoting wannalearn12
This would have been a good 20-50 pips. I just sat and watched it. {image}
Trading is not a spectator sport.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,208
  • May 29, 2016 7:00pm May 29, 2016 7:00pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,209
  • May 29, 2016 7:12pm May 29, 2016 7:12pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,210
  • May 29, 2016 8:03pm May 29, 2016 8:03pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,211
  • May 29, 2016 9:01pm May 29, 2016 9:01pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,212
  • May 30, 2016 2:41am May 30, 2016 2:41am
Stopped , waiting re-entry
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"Let us strive to be more parents of our destiny than children of our past"
  • #1,213
  • May 30, 2016 3:07am May 30, 2016 3:07am
Quoting TooSlow
{image}
Hi TooSlow,
Aren't these 2 points contradictory:

1. No entry on M15 breakout bars AND
2. M15 bar must open betweeen H1 open and extreme?

If M15 bar opens between H1 open and the developing Hi/Lo of the day, isin't it by definition an M15 breakout bar?
Thank you
  • #1,214
  • May 30, 2016 4:41am May 30, 2016 4:41am
UJ waiting, patience is the key.
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"Let us strive to be more parents of our destiny than children of our past"
  • #1,215
  • May 30, 2016 4:53am May 30, 2016 4:53am
Hi TooSlow,

Does it work on commodities like Gold, Silver etc?
  • #1,216
  • May 30, 2016 5:19am May 30, 2016 5:19am
GU nice example
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"Let us strive to be more parents of our destiny than children of our past"
  • #1,217
  • May 30, 2016 7:20am May 30, 2016 7:20am
Quoting courier12
{quote} Hi TooSlow, Aren't these 2 points contradictory: 1. No entry on M15 breakout bars AND 2. M15 bar must open betweeen H1 open and extreme? If M15 bar opens between H1 open and the developing Hi/Lo of the day, isin't it by definition an M15 breakout bar? Thank you
No.
Breakout of yesterday's high/low or making new high/low for today.
My bad for not being clearer and defining my terms.
Will amend the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,218
  • May 30, 2016 7:23am May 30, 2016 7:23am
Quoting forex-newbie
Hi TooSlow, Does it work on commodities like Gold, Silver etc?
What do the hourly charts for those commodities tell you?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,219
  • May 30, 2016 7:32am May 30, 2016 7:32am
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May have to switch from M15 to M5
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,220
  • May 30, 2016 7:41am May 30, 2016 7:41am
hi tooslow, when we switch to M15 or M5, what are the criteria that we are looking for ?
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