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Highest Open / Lowest Open Trade

  • #2,001
  • Jun 7, 2016 8:49am Jun 7, 2016 8:49am
Quoting TooSlow
{image}
Hi, TooSlow

May I ask - concerning this USD/CAD trade - did you enter :

on candle 16 ?
on candle 6 ?
on candle 16 AND candle 6 ?

Thanks In Advance.

Best regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #2,002
  • Jun 7, 2016 8:54am Jun 7, 2016 8:54am
Waiting and careful about the lows
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The quality of your life is brought about by the quality of your thinking.
  • #2,003
  • Jun 7, 2016 8:54am Jun 7, 2016 8:54am
Quoting hornet
{quote} say that like now EURJPY and USDJPY are both close to the lows and possible entry on both. Why not take a look at EURUSD and then decide which one you prefer to take, which one has more opportunity to move faster into profit? Where is EURUSD going?
So the Eurusd is moving towards the open high but is ranging and now breaking out very hard? Would this make it a safer trade to bank the pips?
  • #2,004
  • Jun 7, 2016 8:57am Jun 7, 2016 8:57am
If you buy both EURJPY and USDJPY what have you got?
The quality of your life is brought about by the quality of your thinking.
  • #2,005
  • Jun 7, 2016 9:02am Jun 7, 2016 9:02am
I chose EY and closed BE+1. Late entry an this, decided to protect
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The quality of your life is brought about by the quality of your thinking.
  • #2,006
  • Jun 7, 2016 9:06am Jun 7, 2016 9:06am
I bought all jpy pairs and closed them for +11.5 pips
  • #2,007
  • Edited 9:19am Jun 7, 2016 9:06am | Edited 9:19am
Quoting hornet
If you buy both EURJPY and USDJPY what have you got?


You are long of both:

EUR and USD

and double short of:

JPY

So....which one between EUR and USD looks to have the upper hand right now?
Which one are you going to choose if you have to?
The quality of your life is brought about by the quality of your thinking.
  • #2,008
  • Jun 7, 2016 9:07am Jun 7, 2016 9:07am
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  • #2,009
  • Jun 7, 2016 9:07am Jun 7, 2016 9:07am
Dear boss,
I am reposting my last few question before trying this method in case you miss my post yesterday and havent read it. If you are not willing to answer, i would understand as i asked too many stupid question or asking the question that have been asked..
here it is...

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?
  • #2,010
  • Jun 7, 2016 9:18am Jun 7, 2016 9:18am
Quoting Rotipork
Dear boss, I am reposting my last few question before trying this method in case you miss my post yesterday and havent read it. If you are not willing to answer, i would understand as i asked too many stupid question or asking the question that have been asked.. here it is... 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,...
I am not the boss but will try to help.

1. I use 00.00 UKtime. Try them out and see what suits you best
2. yes, if doesn't break previous low beforehand
3. try them all and see what you like the most

first thing you need to do is practice, if you only read you want get the feeling for it
The quality of your life is brought about by the quality of your thinking.
  • #2,011
  • Jun 7, 2016 9:27am Jun 7, 2016 9:27am
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Cheating
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,012
  • Jun 7, 2016 9:30am Jun 7, 2016 9:30am
Quoting Rotipork
Dear boss, I am reposting my last few question before trying this method in case you miss my post yesterday and havent read it. If you are not willing to answer, i would understand as i asked too many stupid question or asking the question that have been asked.. here it is... 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,...
1) Start trading anytime.

2) Yes.

3) Any market where you are not comfortable.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,013
  • Jun 7, 2016 10:04am Jun 7, 2016 10:04am
Quoting hornet
{quote} I am not the boss but will try to help. 1. I use 00.00 UKtime. Try them out and see what suits you best 2. yes, if doesn't break previous low beforehand 3. try them all and see what you like the most first thing you need to do is practice, if you only read you want get the feeling for it
thank you sir.. appreciate ur help..

Quoting TooSlow
{quote} 1) Start trading anytime. 2) Yes. 3) Any market where you are not comfortable.

thank you boss.. i will now try this..
  • #2,014
  • Jun 7, 2016 10:29am Jun 7, 2016 10:29am
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  • #2,015
  • Jun 7, 2016 12:35pm Jun 7, 2016 12:35pm
Quoting wannalearn12
{image}
HOW DO YOU PUT STOPLOSS WHEN THE EXTREm point of the day is near from your entry??
  • #2,016
  • Jun 7, 2016 12:38pm Jun 7, 2016 12:38pm
Quoting Neo1
{quote} HOW DO YOU PUT STOPLOSS WHEN THE EXTREm point of the day is near from your entry??
I assume you just risk less in case the trade goes south?
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  • #2,017
  • Jun 7, 2016 12:39pm Jun 7, 2016 12:39pm
Took the pips
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  • #2,018
  • Jun 7, 2016 12:40pm Jun 7, 2016 12:40pm
hi tooslow, just want to stop by and say a quick thanks.

today is my first day trading fx full time. your method leads to some profit. not much as i didn't risk a lot, but still encouraging...
  • #2,019
  • Jun 7, 2016 1:11pm Jun 7, 2016 1:11pm
Is there a way to make sure the time frame for a new day is set correctly on the template you linked too slow?
  • #2,020
  • Jun 7, 2016 2:35pm Jun 7, 2016 2:35pm
Quoting wannalearn12
Is there a way to make sure the time frame for a new day is set correctly on the template you linked too slow?
On mine it starts automatically at 00.00 on my platform. I assume it is the same for all servers
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