Highest Open / Lowest Open Trade | Page 91 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

Highest & Lowest Open/Close Price for a Loop 3 replies

I need to highest and lowest SMA 14 replies

how to get yesterday price highest and lowest 7 replies

highest to lowest volume pairs??? 3 replies

Attachments: Highest Open / Lowest Open Trade
Exit Attachments

Highest Open / Lowest Open Trade

  • #1,801
  • Jun 5, 2016 11:50pm Jun 5, 2016 11:50pm
Did anyone catch?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 23 KB
  • #1,802
  • Jun 5, 2016 11:58pm Jun 5, 2016 11:58pm
Let's see what happens on the next hour?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 24 KB
  • #1,803
  • Jun 6, 2016 12:02am Jun 6, 2016 12:02am
Hmm...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 24 KB
  • #1,804
  • Jun 6, 2016 12:09am Jun 6, 2016 12:09am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 43 KB






Inserted Video
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,805
  • Jun 6, 2016 12:16am Jun 6, 2016 12:16am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 35 KB


Inserted Video
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,806
  • Jun 6, 2016 12:37am Jun 6, 2016 12:37am
Took Pips Out
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 27 KB
  • #1,807
  • Jun 6, 2016 12:38am Jun 6, 2016 12:38am
Eur News Soon. Watch for setup. Here's the GU
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 21 KB
  • #1,808
  • Jun 6, 2016 12:41am Jun 6, 2016 12:41am
Be weary of rule #1 Possibly.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 26 KB
  • #1,809
  • Jun 6, 2016 12:47am Jun 6, 2016 12:47am
Took the pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 26 KB
  • #1,810
  • Jun 6, 2016 12:49am Jun 6, 2016 12:49am
Quoting Rotipork
{quote} very clear sir.. thank you very much. so all i need after making the line is waiting at M5 to make 1 candle bull (if it is at highest) or 1 candle bear (if it is at lowest), then make an entry when it return to the line? "look for next opportunity" means it comes when the price making new HIGHEST OPEN or LOWEST OPEN? I apologize in advance if i am asking too many question as i am interested to try this method.
Price does not have to make a new highest / lowest open.
Price just has to cross the line and then reverse.

Ask as many questions as necessary.
Caution: read the thread, many questions have been asked and answered previously.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,811
  • Jun 6, 2016 12:49am Jun 6, 2016 12:49am
Quoting wannalearn12
Took the pips {image}
Well done
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,812
  • Jun 6, 2016 12:54am Jun 6, 2016 12:54am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 25 KB
  • #1,813
  • Jun 6, 2016 12:57am Jun 6, 2016 12:57am
Took +3
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 22 KB
  • #1,814
  • Jun 6, 2016 1:18am Jun 6, 2016 1:18am
Setting up
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 28 KB
  • #1,815
  • Jun 6, 2016 2:05am Jun 6, 2016 2:05am
Quoting TooSlow
{quote} Price does not have to make a new highest / lowest open. Price just has to cross the line and then reverse. Ask as many questions as necessary. Caution: read the thread, many questions have been asked and answered previously.
once again, thank you so much for your assist.
last few question.
1) my daily bar starts on asian market open. what time should i start trading?
do i start making HIGHEST/LOWEST OPEN H1 line from the first bar of the day and shifting it every NEW HIGHEST/LOWEST OPEN,
OR,
better start making line after Europe open (or even US open) for higher volatility?

2) assume price now at the lowest of the day. If H1 closed with perfect doji and next candle open at the same price as previous. this will make the current candle is the lowest open, and we make the line.
then we open m5, price going up straight away in the next 15 minutes or 3 candle.
the 4th candle (m5), breaking low and close below the line.
do you still BUY if the 5th candle reverse and touch the line?

3) is there any market i should avoid while using this method? eg: gold? index? low volatility pairs?
  • #1,816
  • Jun 6, 2016 3:29am Jun 6, 2016 3:29am
thanks tooslow for sharing your trading system..... first time is hard to understand, without indicator m-candle
now is clear that i must wait the highest open candle H1 and the lowest open candle H1... just simple as that

and wait for OTE (option to entry) with the highest probability rate, but don't forget to put stop loss
now after i entry long UJ in asian session, now i wait to short in NY session

this is the simple but powerfull, i must practice again...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15 highest open lowest open.png Size: 53 KB
  • #1,817
  • Jun 6, 2016 3:32am Jun 6, 2016 3:32am
Quoting TooSlow
{quote} Everyone seems to have opinions. Some base opinions on evidence, experience and experimentation. Some just give opinions for the sake of putting their two cents in. The RAT method has been around for years. It has stood the test of time.
Kinell - Too Slow -excuse me for having an opinion and daring to post comment on "RAT."
I will leave you to talk to yourself if that's what you desire.
every Saint has a past. Every Sinner has a Future
  • #1,818
  • Jun 6, 2016 4:50am Jun 6, 2016 4:50am
Makes sense selling GU now?
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-06-06_11-50-04.jpg Size: 146 KB
The quality of your life is brought about by the quality of your thinking.
  • #1,819
  • Jun 6, 2016 5:00am Jun 6, 2016 5:00am
I remember doing something like this a long time ago...

Break of previous day High/Low and enter on typical 123 pattern (ala Joe Ross)

Your way is much faster and aggressive, enter at the turn and before the majority of people.

Anticipating instead of following. Makes sense !


These considerations really belong to your other thread (but this is the active one now) and now I understand a bit more after reading the rules.... all you did here is "just" a scale down in terms of swings, you not looking for reversals from H/L from previous day(s) but also from today's and using the candles open/close instead of absolute H/L.

Correct?
The quality of your life is brought about by the quality of your thinking.
  • #1,820
  • Jun 6, 2016 5:02am Jun 6, 2016 5:02am
Quoting hornet
Makes sense selling GU now? {image}
Well, took the pips anyway. Now I need to understand if it made sense

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-06-06_12-01-18.jpg Size: 126 KB
The quality of your life is brought about by the quality of your thinking.
12 traders viewing now