The quality of your life is brought about by the quality of your thinking.
Highest Open / Lowest Open Trade
- #2,042
- Jun 8, 2016 5:11am Jun 8, 2016 5:11am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
This is a fantastic sytem, but I have to practice more. Two loosing USDCAD trades in a row. What do I do wrong? {image}
USDCAD broke through yesterday's low.
Have you read my warnings about trading against breakouts?
Use a H1 chart.
Use any pair.
Look at how many H1 bars in a row price continues in the breakout direction after a breakout.
Price ranges.
Price breaks out.
Price ranges.
Price breaks out.
Price ranges.
Etc.
It is called price action.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,043
- Jun 8, 2016 5:21am Jun 8, 2016 5:21am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
There is always an exception
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,045
- Jun 8, 2016 5:35am Jun 8, 2016 5:35am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
This is a fantastic sytem, but I have to practice more. Two loosing USDCAD trades in a row. What do I do wrong? {image}
Hindsight.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,047
- Jun 8, 2016 6:08am Jun 8, 2016 6:08am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
If one follows the system then it works. i like this system. I have added a trendline to it plus I also look at the candle formation.full bodied , then better. just concentrate for first two hour of the opening trading day......and make your pips.....and have good amount of patience. also at a time just monitor three to four pairs only....everyday.....yes everyday....then you are sure to be successful.EURO/GBP pairs only.success is assured. this is a good system to start your day....goodluck.
Crawl.
Walk.
Run.
Newcomers should focus on one pair and not add, modify or change anything about this method until they have mastered it.
And then:
Newcomers should focus on one pair and not add, modify or change anything about this method until they have mastered it.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,049
- Jun 8, 2016 6:42am Jun 8, 2016 6:42am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,050
- Jun 8, 2016 6:45am Jun 8, 2016 6:45am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,051
- Jun 8, 2016 6:49am Jun 8, 2016 6:49am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
Better for H1 to be red when shorting.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,052
- Jun 8, 2016 6:51am Jun 8, 2016 6:51am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
1, 2, 3, 4, 5, 6 Green H1 candles in a row
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,053
- Jun 8, 2016 7:10am Jun 8, 2016 7:10am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
7 green H1 in a row.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,054
- Jun 8, 2016 7:27am Jun 8, 2016 7:27am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
Rule #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,057
- Jun 8, 2016 7:51am Jun 8, 2016 7:51am
- Joined Mar 2007 | Status: Trader | 1,086 Posts
The quality of your life is brought about by the quality of your thinking.
- #2,058
- Jun 8, 2016 7:52am Jun 8, 2016 7:52am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,059
- Jun 8, 2016 7:53am Jun 8, 2016 7:53am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,060
- Jun 8, 2016 8:26am Jun 8, 2016 8:26am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade