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Highest Open / Lowest Open Trade

  • #2,061
  • Jun 8, 2016 10:49am Jun 8, 2016 10:49am
Quoting TooSlow
{image}
Once bar 4 broke LOD, I understand it invalidated the setup, correct?

Thanks!
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  • #2,062
  • Jun 8, 2016 10:56am Jun 8, 2016 10:56am
Quoting trader-f1
{quote} Once bar 4 broke LOD, I understand it invalidated the setup, correct? Thanks! {image}
I meant to add that the setup would be invalidated from bar 5 through bar 2.
Thanks again
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  • #2,063
  • Jun 8, 2016 11:17am Jun 8, 2016 11:17am
Quoting trader-f1
{quote} Once bar 4 broke LOD, I understand it invalidated the setup, correct? Thanks! {image}
Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,064
  • Jun 8, 2016 11:20am Jun 8, 2016 11:20am
Quoting trader-f1
{quote} I meant to add that the setup would be invalidated from bar 5 through bar 2. Thanks again {image}
Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,065
  • Jun 8, 2016 11:24am Jun 8, 2016 11:24am
Quoting TooSlow
{quote} {image}

I know what you mean but if I don't follow the rules 100% I'll start to find a reason to pull the trigger all the time.
There's a dangerous line here... At least for me.
That's why I asked the original question. Earlier today I tried a similar trade (short GBP) only to see it make new highs.
  • #2,066
  • Jun 8, 2016 11:25am Jun 8, 2016 11:25am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,067
  • Jun 8, 2016 11:31am Jun 8, 2016 11:31am
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Failed to make a new daily high.
Returned to highest open.
Dropped through highest open.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,068
  • Jun 8, 2016 11:34am Jun 8, 2016 11:34am
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Price ranges.
Price breaks out.
Price ranges.
Price breaks out.
Price ranges.
Etc.

It is called price action.


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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,069
  • Jun 8, 2016 11:45am Jun 8, 2016 11:45am
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Rule #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,070
  • Jun 8, 2016 11:57am Jun 8, 2016 11:57am
Only Took one trade today.
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  • #2,071
  • Jun 8, 2016 12:03pm Jun 8, 2016 12:03pm
Quoting wannalearn12
Only Took one trade today. {image}
Stopped Be+1 waiting for reentry.
  • #2,072
  • Jun 8, 2016 12:04pm Jun 8, 2016 12:04pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,073
  • Jun 8, 2016 12:08pm Jun 8, 2016 12:08pm
Looking at all of the USD pairs moving up. Would that not make the EURUSD fall?
  • #2,074
  • Jun 8, 2016 12:11pm Jun 8, 2016 12:11pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,075
  • Jun 8, 2016 12:18pm Jun 8, 2016 12:18pm
My Very 1st Trade
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  • #2,076
  • Jun 8, 2016 12:18pm Jun 8, 2016 12:18pm
Let's see where she goes.
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  • #2,077
  • Jun 8, 2016 12:19pm Jun 8, 2016 12:19pm
Keeping asking yourself your trading questions.

Did it make a new daily high or daily low last bar? This bar?
Did it test the high or low this bar?
Has price returned to the open of this bar?

If you stick to your questions, you will trade like a machine.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,078
  • Jun 8, 2016 12:22pm Jun 8, 2016 12:22pm
Quoting TooSlow
Keeping asking yourself your trading questions. Did it make a new daily high or daily low last bar? This bar? Did it test the high or low this bar? Has price returned to the open of this bar? If you stick to your questions, you will trade like a machine.
  • #2,079
  • Jun 8, 2016 12:40pm Jun 8, 2016 12:40pm
Stopped Be+1
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  • #2,080
  • Jun 8, 2016 12:42pm Jun 8, 2016 12:42pm
Nzd red news 4:00 cst
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