Highest Open / Lowest Open Trade

i try to practice this system, how to know the candle is the highest or the lowest, or we wait until the candle 2 or 3 times cannot break the lowest H1 open?

now waiting for the lowest .... because it's break D[1] low, trading with caution...

USD Red News out in 15 minutes.

Trailing stop hit

Hello Santoso777, first you need to read the thread.
Many questions have been answered.
We only know at the time what the highest/lowest H1 opens are.
We do not wait "until the candle 2 or 3 times cannot break the lowest H1 open"
Thank you for your questions.

Caution trading GBP pairs.

Rule #1

For real, is that thing going on that you posted about?

What is "that thing"?

Chart from my 123 thread.

Long eu... sl at +5 with a 10 pip trailing.



Edit: Out at +5.

I am not posting so many charts here anymore because I am very focused on the method and I have been trying some variations that take up all my concentration.

After trading the method consistently for a week I noticed that I had more winners but the losers where bigger due to the big stop losses. So my net profit of the week was negative.

I started to experiment with a very small stop loss, 5 pips. That leads to several more losses but they are small. Then I take every entry, regardless of the 5 or 15 minutes closes or even if there are several in the same hour. I also adjusted my trade times. I now wait until the NY session is in place for a while and some of the big break outs are over, around 9 to 10 am EST. That part is the hardest as that is very subjective.
Once I am in a trade at BE+1 pip I start actively monitor the trade for trailing. I will activate trailing at some point when I have 10 or 15 pips plus. My goal is to eventually get the big pullback or even break out in the other direction and just stay in it.

Sharing my trades from this morning, all on GBPUSD and all long. Started at 10am and took every entry and trailed the last trade. It gave me 27 pips. That erased all my previous losses and a net profit if 14 pips for the day. That does not seem very much but to me it feels very safe because my stop loss is so small. The bigger move will happen eventually and I want to be in it.

The question I have to answer is which pair is suitable and what is a good session time when these retraces happen. So I have to monitor the trading environment and make e decision based on the price action of several pairs. For now that is my goal.

Not a good time to trade gbp pairs due to brexit, IMHO.
London and NY sessions provide many chances.
Stop loss should be past the daily high/daily low.
Adjust position size to keep trade risk constant.

It pleases me to see you are making this "your own".
Well done.

habo, i would suggest liquid pairs, e.g., gbp/usd, eur/usd, to avoid slippage. also please avoid the NY afternoon trading hours, and not to touch anything after 5pm est.