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Highest Open / Lowest Open Trade

  • #1,621
  • Jun 2, 2016 12:40pm Jun 2, 2016 12:40pm
Five be +1 today! Means I don't suck price just won't behave.
  • #1,622
  • Jun 2, 2016 2:13pm Jun 2, 2016 2:13pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,623
  • Jun 2, 2016 2:24pm Jun 2, 2016 2:24pm
EURUSD stop BE+1 round 6
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  • #1,624
  • Jun 2, 2016 2:30pm Jun 2, 2016 2:30pm
Quoting TooSlow
{image} {image}
HI
WHAT'S BE?
  • #1,625
  • Jun 2, 2016 2:34pm Jun 2, 2016 2:34pm
Quoting Neo1
{quote} HI WHAT'S BE?
BE+1 Stands for moving your current stop to break even plus one pip so say you bought at 1.112 you move stop to 1.113 protecting yourself very effectively.
  • #1,626
  • Jun 2, 2016 2:35pm Jun 2, 2016 2:35pm
Quoting wannalearn12
{quote} BE+1 Stands for moving your current stop to break even plus one pip so say you bought at 1.112 you move stop to 1.113 protecting yourself very effectively.
THANKS
  • #1,627
  • Jun 2, 2016 2:50pm Jun 2, 2016 2:50pm
And she kept going
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  • #1,628
  • Jun 2, 2016 2:59pm Jun 2, 2016 2:59pm
Quoting Neo1
{quote} HI WHAT'S BE?
BE = Break even.
The point when you exit the trade for no profit and no loss.
You "break even".

Thanks for the question.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,629
  • Jun 2, 2016 3:02pm Jun 2, 2016 3:02pm
Quoting wannalearn12
And she kept going {image}
Looks like you understand.
Well done.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,630
  • Jun 2, 2016 3:04pm Jun 2, 2016 3:04pm
Quoting tooslow
{quote} be = break even. The point when you exit the trade for no profit and no loss. You "break even". Thanks for the question.
i have another one
when you define your lower open and price goes below and make new lower open we should use the new open and leave the other ??
  • #1,631
  • Jun 2, 2016 3:17pm Jun 2, 2016 3:17pm
Quoting Neo1
{quote} i have another one when you define your lower open and price goes below and make new lower open we should use the new open and leave the other ??
That is correct. The entry would be in between the new low for the day and the lowest open. You wait for a bull bar on the 5m to pass through the open and enter trade on open.
  • #1,632
  • Jun 2, 2016 3:21pm Jun 2, 2016 3:21pm
Hi TooSlow,
It s a great thing you are doing out there with your approach. I have read many threads in my trading life but this highest open/close thread of yours is probably the simplest and best amongst all the things.
Without confusing anyone I have to ask this; (assuming all the conditions are met) a) Do you prefer to take the trades on H1 open levels or b) after getting the levels on H1 then goto M15 or even to M5?
I know rules may be broken from time to time but as a guideline I am a bit confused. In the thread some wait for the H1 open to dance although they watch the M5 TF ; and some get the levels and get in the trade from M5 timeframe.
Cheers,
  • #1,633
  • Jun 2, 2016 3:22pm Jun 2, 2016 3:22pm
Quoting wannalearn12
{quote} that is correct. The entry would be in between the new low for the day and the lowest open. You wait for a bull bar on the 5m to pass through the open and enter trade on open.
did you took the eu usd trad??
  • #1,634
  • Jun 2, 2016 3:28pm Jun 2, 2016 3:28pm
Quoting Neo1
{quote} did you took the eu usd trad??
Yes I did.
  • #1,635
  • Jun 2, 2016 3:28pm Jun 2, 2016 3:28pm
Quoting Neo1
{quote} i have another one when you define your lower open and price goes below and make new lower open we should use the new open and leave the other ??
When you place the lines on your chart at the highest H1 open and the lowest H1 open that is where they belong for now.
When price makes a new higher open, move the highest H1 open line to that level.
When price makes a new lower open, move the lowest H1 open line to that level.
Use those lines.
There have been indicators coded to place the lines for you.
Better to practice manually so you get an understanding before using indicators.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,636
  • Edited 4:19pm Jun 2, 2016 3:47pm | Edited 4:19pm
Quoting wannalearn12
{quote} yes i did.
trade finish only by BE??
  • #1,637
  • Jun 2, 2016 5:56pm Jun 2, 2016 5:56pm
Newcomers to the thread, please read post #1.
Most of your questions are answered there.
But if you still have questions, do not hesitate to ask.
You will get a curteous response.
Thank you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,638
  • Jun 2, 2016 6:11pm Jun 2, 2016 6:11pm
Quoting TooSlow
Newcomers to the thread, please read post #1. Most of your questions are answered there. But if you still have questions, do not hesitate to ask. You will get a curteous response. Thank you.
nothing in post1 about period of day to trade or pairs??
  • #1,639
  • Jun 2, 2016 6:38pm Jun 2, 2016 6:38pm
Quoting hossein975
i code ea according to your strategy . I also add martingule you may select it by true or false. I hope you can find good tp and sl and share it with us . {file}
sl should be last low of day and takeprofit is be +1 if we are at 5 pips and be+5 if 10 pips and be+10 if 15 pips ......
  • #1,640
  • Jun 2, 2016 7:17pm Jun 2, 2016 7:17pm
Quoting brok
Hi TooSlow, It s a great thing you are doing out there with your approach. I have read many threads in my trading life but this highest open/close thread of yours is probably the simplest and best amongst all the things. Without confusing anyone I have to ask this; (assuming all the conditions are met) a) Do you prefer to take the trades on H1 open levels or b) after getting the levels on H1 then goto M15 or even to M5? I know rules may be broken from time to time but as a guideline I am a bit confused. In the thread some wait for the H1 open to...
M15 high/low opens can be higher/lower than H1 open.
And M5 opens can be higher/lower than M15 open.

H1 opens work for me.
As a trader, you must find what works for you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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