Highest Open / Lowest Open Trade | Page 110 | 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

  • #2,181
  • Jun 10, 2016 7:13am Jun 10, 2016 7:13am
Will Attach charts in a second.
Entry on the open exactly.
+3 GU +3 GJPY
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_29.png Size: 30 KB
  • #2,182
  • Jun 10, 2016 7:23am Jun 10, 2016 7:23am
Trades setting up USDCAD USDCHF EURJPY any more?
  • #2,183
  • Jun 10, 2016 8:07am Jun 10, 2016 8:07am
Quoting wannalearn12
Trades setting up USDCAD USDCHF EURJPY any more?
Aren't you supposed to be focused on eurusd?
One pair / one method until you master this?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,184
  • Jun 10, 2016 8:07am Jun 10, 2016 8:07am
Quoting Simple-PA
Thanks for sharing your trade ideas here. I'm beginning to really see the importance of the day's high and low values.
You are most welcome.
Thanks for stopping by.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,185
  • Jun 10, 2016 8:44am Jun 10, 2016 8:44am
Quoting TooSlow
{quote} Aren't you supposed to be focused on eurusd? One pair / one method until you master this?
Yes. thank you for the reminder.
  • #2,186
  • Jun 10, 2016 8:51am Jun 10, 2016 8:51am
Quoting TooSlow
{quote} You are most welcome. Thanks for stopping by.
The 7 principles of consistency resonate nicely. I get it a little bit more
  • #2,187
  • Jun 10, 2016 9:25am Jun 10, 2016 9:25am
Blew threw the open, couldn't figure out why, checked the news and there ya go. I entered based upon the strategy. Could have gone very wrong. This was a definitive no trade but I still made profits. Stupid is as stupid does.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_30.png Size: 25 KB
  • #2,188
  • Jun 10, 2016 10:01am Jun 10, 2016 10:01am
What a nice trade on USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-06-10_17-01-12.jpg Size: 158 KB
The quality of your life is brought about by the quality of your thinking.
  • #2,189
  • Jun 10, 2016 2:45pm Jun 10, 2016 2:45pm
There were a BUNCH of setups today that went well
  • #2,190
  • Edited 8:58am Jun 11, 2016 1:08am | Edited 8:58am
TooSlow i send you this message on PM, but later i read your post where you said it is better to ask question in thread, so other people can see.

Hi TooSlow, how are you mate?
I start to read you thread Highest Open / Lowest Open, and i love so much how you keeping thread clean, with your post. It is so clean and well explained.

I am newbie, so I must to practice it on demo first, then I hope I will get good results.

My questions:
1. is it possible to make 5% with you trading style, risking 1% per trade
2. how long you trade this style? It is very profitabile?
3. Is there way to trade using this method, but not to scalp. I dont like scalping so much.
4. Is there a chance that this method stop working? I mean that, price do not react on this level (line)?
5. why this method work? Why this levels hold price?

I know, I need to read complete thread, and I will do that!

Thank you, good luck in trading and life!
  • #2,191
  • Jun 11, 2016 10:49am Jun 11, 2016 10:49am
Quoting wannalearn12
There were a BUNCH of setups today that went well
Happens everyday
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,192
  • Jun 11, 2016 10:57am Jun 11, 2016 10:57am
Quoting skljsklj1
TooSlow i send you this message on PM, but later i read your post where you said it is better to ask question in thread, so other people can see. Hi TooSlow, how are you mate? I start to read you thread Highest Open / Lowest Open, and i love so much how you keeping thread clean, with your post. It is so clean and well explained. I am newbie, so I must to practice it on demo first, then I hope I will get good results. My questions: 1. is it possible to make 5% with you trading style, risking 1% per trade 2. how long you trade this style? It is very...
1. is it possible to make 5% with you trading style, risking 1% per trade

Yes.
Of course, it is.


2. how long you trade this style? It is very profitabile?

Variations of reversals for years.
Yes, profitable.


3. Is there way to trade using this method, but not to scalp. I dont like scalping so much.

Yes.
Use highest/lowest daily open for last 30, 60 or 90 days and trade using H1 or H4 chart.


4. Is there a chance that this method stop working? I mean that, price do not react on this level (line)?

Yes.
When markets cease to exist.

5. why this method work? Why this levels hold price?

This methods works due to the simple fact price goes up, and price goes down, and price goes up, and price goes down, and etc.

Thank you for your questions.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,193
  • Jun 11, 2016 11:10am Jun 11, 2016 11:10am
THANK YOU

Allow me to take the time thank everyone who has read and commented on this thread.
It is always nice to hear thanks, praise, and well wishes.
The best is when someone says I have helped them to trade better.

For those few who have come here to say this method will not work, can not work, or to disparage this thread in some way, shape or form, thanks.
Thank you for giving me a chance to watch how I react to your negativity.
Your posts challenge my resolve to stay focused instead of allowing you to distract me or knock me off course.
Your posts challenge me to stay positive and focus on those who applaud rather than those who boo.

And to the ones who were over-the-top negative, thank you for allowing me to choose to ignore you so you will no longer be a disruption to this thread.
Learning to ignore what you don't want applies to everything in life.
Learning to "throw out the garbage" is a valuable life lesson.
No need to allow negative people or those who do not add value to remain in your life.

No one knows when they start a thread how it will be received.
Will it grow or fade?
Thank you for helping this thread grow.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,194
  • Jun 11, 2016 11:40am Jun 11, 2016 11:40am
Quoting TooSlow
{quote} 1. is it possible to make 5% with you trading style, risking 1% per trade Yes. Of course, it is. 2. how long you trade this style? It is very profitabile? Variations of reversals for years. Yes, profitable. 3. Is there way to trade using this method, but not to scalp. I dont like scalping so much. Yes. Use highest/lowest daily open for last 30, 60 or 90 days and trade using H1 or H4 chart. 4. Is...
Thank you for answers. But, can you explain my #4 question a little more, for one newbie? English is not my language, and when I translate it on google to serbian, it is not well translated. Thank you. Almost 1 year i searching for simple method to trade and finally find it. Yeeey
  • #2,195
  • Jun 11, 2016 11:48am Jun 11, 2016 11:48am
Quoting TooSlow
THANK YOU Allow me to take the time thank everyone who has read and commented on this thread. It is always nice to hear thanks, praise, and well wishes. The best is when someone says I have helped them to trade better. For those few who have come here to say this method will not work, can not work, or to disparage this thread in some way, shape or form, thanks. Thank you for giving me a chance to watch how I react to your negativity. Your posts challenge my resolve to stay focused instead of allowing you to distract me or knock me off course. Your...
You deserve it. Your every answer is that what we ask you. No sarcasam like other profesional traders. Keep posting chart and inspire us!
  • #2,196
  • Jun 11, 2016 11:53am Jun 11, 2016 11:53am
too slow's SL managment (i.e., move to BE+1 when 5+ pips in profit), though conservative on surface, can be effective. yesterday i had two trades with the method, all got SL'd at BE+ level. post mortem analysis on 1M chart shows, if SL is not moved, they will be all duds, as market went the other way to market close and didn't even turn around once.

of course there is a chance that if i don't move the SL, there can be more upside, but i can never know for sure where market goes the next minute...
  • #2,197
  • Edited 6:09pm Jun 11, 2016 3:10pm | Edited 6:09pm
Quoting skljsklj1
{quote} Thank you for answers. But, can you explain my #4 question a little more, for one newbie? English is not my language, and when I translate it on google to serbian, it is not well translated. Thank you. Almost 1 year i searching for simple method to trade and finally find it. Yeeey
The method will continue to work.
The method will not cease to work.
Should translate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,198
  • Edited 6:09pm Jun 11, 2016 3:15pm | Edited 6:09pm
Quoting baldmonk
too slow's SL managment (i.e., move to BE+1 when 5+ pips in profit), though conservative on surface, can be effective. yesterday i had two trades with the method, all got SL'd at BE+ level. post mortem analysis on 1M chart shows, if SL is not moved, they will be all duds, as market went the other way to market close and didn't even turn around once. of course there is a chance that if i don't move the SL, there can be more upside, but i can never know for sure where market goes the next minute...
That is correct.
We do not know the next move.
Better to miss a few winners than taking losses.
The winners will come.
Protect the money.
Don't lose money.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,199
  • Jun 11, 2016 6:11pm Jun 11, 2016 6:11pm
KEEP IT SIMPLE


There was no simpler program in America than UCLA in its heyday. We had one defense (man-to-man), one out-of-bounds play, a simple high-post offense, and the firm belief that a fifteen-foot bank shot at the end of a fast break was a fine result. Scouting UCLA was a waste of time; our opponents knew what we were going to dothey just couldnt stop it. Coach ran the exact same offense his entire coaching career, which spanned forty years, except for the six years in which he had the two greatest centers of all time. But without Kareem or Bill, the Bruins plays were so familiar that they were run by high school teams all over America. One clear by-product of the simplicity of the system is that it could be run to absolute perfection. In Coachs words, The more you make things complicated, the more there is to learn. Keep things as simple as you can and you have a chance to do them better. Id always rather do a few things well. We learned our lessons so well that when I played in an alumni game nearly fifteen years after I graduated, the plays were still completely fresh in my memory!


Andrew Hill with John Wooden

from Be Quick -- But Don't Hurry

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,200
  • Jun 11, 2016 8:29pm Jun 11, 2016 8:29pm
Had thought to start a TRADING ANALOGY thread.
Instead, googled and found:

http://www.tradeciety.com/sports-trading-analogies/

My comparisons of trading have been to dancing, driving and riding a bike.
What are yours?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
2 traders viewing now