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Highest Open / Lowest Open Trade

  • #1,361
  • May 31, 2016 10:44am May 31, 2016 10:44am
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Look at the size of those H1 candles
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,362
  • May 31, 2016 10:45am May 31, 2016 10:45am
have bought eurjpy at open low
and have set SL
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  • #1,363
  • May 31, 2016 10:47am May 31, 2016 10:47am
Quoting tradebuddy
set TP to the previous high coz don't know where is the exit target have just set SL to the lowest D1[0]
From post #1

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.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,364
  • May 31, 2016 10:50am May 31, 2016 10:50am
Quoting TooSlow
{quote} From post #1 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.
Noted, Thank you.
  • #1,365
  • May 31, 2016 10:52am May 31, 2016 10:52am
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Rule #5
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,366
  • May 31, 2016 10:57am May 31, 2016 10:57am
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Another dance partner.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,367
  • May 31, 2016 11:06am May 31, 2016 11:06am
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Who wants to dance with the BEAST?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,368
  • May 31, 2016 11:10am May 31, 2016 11:10am
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Waiting
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,369
  • May 31, 2016 11:11am May 31, 2016 11:11am
i put a buystop
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  • #1,370
  • May 31, 2016 11:30am May 31, 2016 11:30am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,371
  • May 31, 2016 11:33am May 31, 2016 11:33am
eurjpy buystop trigger
with SL set
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  • #1,372
  • May 31, 2016 11:40am May 31, 2016 11:40am
ask price touch the buystop, and become buy
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  • #1,373
  • May 31, 2016 11:47am May 31, 2016 11:47am
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Second attempt
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,374
  • May 31, 2016 12:08pm May 31, 2016 12:08pm
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Dance?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,375
  • May 31, 2016 12:13pm May 31, 2016 12:13pm
now trading usdjpy
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  • #1,376
  • May 31, 2016 12:27pm May 31, 2016 12:27pm
Is this a correct M5 entry between the previous H1 open and extreme (marked by yellow arrows)?
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  • #1,377
  • May 31, 2016 12:34pm May 31, 2016 12:34pm
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Dancing
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,378
  • May 31, 2016 12:35pm May 31, 2016 12:35pm
Quoting pip-boss
Is this a correct M5 entry between the previous H1 open and extreme (marked by yellow arrows)? {image}
Is the M5 candle green?
Did you enter at the H1 lowest open level?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,379
  • Edited 12:48pm May 31, 2016 12:38pm | Edited 12:48pm
Quoting TooSlow
{quote} Is the M5 candle green? Did you enter at the H1 lowest open level?
M5 was green (see green up arrow) and the trade was opened between the open and extreme (lower wick) of the previous H1 candle (rule 3).
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  • #1,380
  • May 31, 2016 12:51pm May 31, 2016 12:51pm
Quoting pip-boss
{quote} M5 was green (see green up arrow) and the trade was opened between the open and extreme (lower wick) of the previous H1 candle (rule 3). {image}
Extreme is daily high or daily low and not the previous H1 candle unless that candle's low is the daily low or that candle's high is the daily high.
One must be precise.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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