Highest Open / Lowest Open Trade

This violates rule number one?

Yes.
Well done

I think you will encounter many losers trading this way.................Just my opinion,may be I am wrong

Care to explain how you reached your conclusion?

Interesting trading week.

you will reach the same conclusion soon or later

hi atheer1, according to your experience, it there any way that this trading can be improve ?

What do you mean improve this method or trading in general?

My results have been profitable.
Others have had success.

If it is working for you,that is what the trader need

Focus on improving yourself as a trader.
Work on waiting, learning patience and concentration.
Some posts on this thread show traders looking at multiple currencies on varying time frames.
Would you call that focus and concentration?

Adding to this method will not improve it.
Focus on simplifying, not complicating.

When you distill this method down to its essence, what you have is a one-sided breakout trade.
One trading range is between the daily high and the highest H1 open.
The other trading range is between the daily low and the lowest H1 open.
Price, more often than not, will not remain between these levels.
Eventually, price will break out of the range.
Hence, there is a chance to take advantage of this price action.
There is nothing to add.

Your job as a trader is to identify when price resides in one of these ranges and to execute the trade flawlessly when the time comes.
Not too early.
Not too late.

Someone already said the waiting did not appeal to them.
Better for them to decide this method is not a good match so they can pursue other methods which fit better.

Given the best computers, fastest connections, largest monitors and a 7 digit account balance, will you immediately become a better trader?
NO.
Given a perfect EA for this method, would you become a better trader?
NO.
First, you must hone your skills with what you have right now.
A look in a mirror will show you where the real work as a trader must be done.

Identify your trading mistakes.
Make a list.
Eliminate them one by one through replacing "bad" trading habits with "good" trading habits.
Now, you are on the path to becoming a profitable trader.

Hi TooSlow. This thread has been a class on discipline and patience for me. Thank you so much!

Spot on TS!