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Highest Open / Lowest Open Trade

  • #1,261
  • May 30, 2016 12:37pm May 30, 2016 12:37pm
Quoting TooSlow
Bar[24] made the highest H1 open (top of shaded H1 candle) Bar[23] did not open above highest H1 open, it did cross above and cross below this highest H1 open. Bar[22] did not open above highest H1 open, it did cross above highest H1. Bar[21] opened above the highest H1 open (top of shaded H1 candle) and gave a chance to enter. When price crossed below the highest H1 open, both M15 and H1 were red. Yes, you could have entered on bars 23 and 22.
Hi tooslow, regarding the post on EURJPY chart at page 62, is it ok to enter trade again on Bar[8] ?
  • #1,262
  • May 30, 2016 12:50pm May 30, 2016 12:50pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,263
  • May 30, 2016 12:51pm May 30, 2016 12:51pm
Quoting tradebuddy
{quote} Hi tooslow, regarding the post on EURJPY chart at page 62, is it ok to enter trade again on Bar[8] ?
Did the Bar[8] candle open above or below the highest H1 open?


"Successful people ask better questions, and as a result, they get better answers." - Tony Robbins

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,264
  • May 30, 2016 12:53pm May 30, 2016 12:53pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,265
  • May 30, 2016 1:09pm May 30, 2016 1:09pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,266
  • May 30, 2016 1:58pm May 30, 2016 1:58pm
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Waiting is the hardest part.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,267
  • May 30, 2016 2:02pm May 30, 2016 2:02pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,268
  • Edited 2:37pm May 30, 2016 2:21pm | Edited 2:37pm
Read the following:


http://carlfutia.blogspot.com/2009/0...by-fellow.html


http://carlfutia.blogspot.com/2009/0...s-part-ii.html


http://www.chronosfutures.com/The_Day_Trader.pdf

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,269
  • May 30, 2016 2:40pm May 30, 2016 2:40pm
Quote
The reality is that you need to know when to execute, and how to execute, and what to execute, and this constantly changes based on context - Ziad Masri

When - price between high of day and highest open or price between low of day and lowest open

How - enter short at the highest open price or long at the open price

What - the pair whose price is between high of day and highest open or price between low of day and lowest open
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,270
  • May 30, 2016 2:50pm May 30, 2016 2:50pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,271
  • May 30, 2016 3:03pm May 30, 2016 3:03pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,272
  • May 30, 2016 3:05pm May 30, 2016 3:05pm
Welcome: ez0770, eNeRGyFx, specialista, Earleone, Invisible, menek, TForliving, joeri, GibbonsFx, earmarques, sspremj, JackAntigua, Krix

Do not be shy.
Post your charts, comments, questions, etc.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,273
  • May 30, 2016 3:13pm May 30, 2016 3:13pm
"Once you learn to read the market context in such a manner, then your key to survival will be to be on the lookout for changes in market character. Have we just broken out of a major trading range on high volume? Then volatility will likely expand and we could get some nice trending moves. If your strategy is to fade the direction of the market, you’ll need to go into selective mode and pick your spots very carefully. You get in sync with the cycle and go into protective mode. You may need to stay on the sidelines altogether. Not trading IS trading, and patience will be key. You don’t wait until the losses rack up from one failed trade after the other to do this. Now, is there a lack of market moving events and correspondingly low trading volume? Then we’re likely going to have small ranges and many failed breakouts. If your strategy is to ride trends you’ll need to need to go into selective mode and possibly stay on the sidelines. Again, you don’t wait for the losses to pile before you do this. Rather, you read the early signs and adjust your trading accordingly to stay in sync with the 21 opportunity cycle. And when the signs point to favorable conditions for your strategy, then you trade it aggressively." - Ziad Masri

Patience.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,274
  • May 30, 2016 4:56pm May 30, 2016 4:56pm
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Patience paying off
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,275
  • May 30, 2016 5:44pm May 30, 2016 5:44pm
Quoting TooSlow
{image} Patience paying off
Great trade!
  • #1,276
  • May 30, 2016 6:33pm May 30, 2016 6:33pm
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Trading the JPY pairs during the Asian session just makes sense and pips.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,277
  • May 30, 2016 6:37pm May 30, 2016 6:37pm
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Reason not to trade the breakout bar.
May want to add H4 to the Rule #1 in the list
See chart below.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,278
  • May 30, 2016 6:53pm May 30, 2016 6:53pm
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JPY news.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,279
  • May 30, 2016 7:14pm May 30, 2016 7:14pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,280
  • May 30, 2016 7:21pm May 30, 2016 7:21pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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