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Highest Open / Lowest Open Trade

  • #2,321
  • Jun 16, 2016 9:41am Jun 16, 2016 9:41am
Quoting TooSlow
{image}
Trade triggered for me.
  • #2,322
  • Jun 16, 2016 9:49am Jun 16, 2016 9:49am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,323
  • Jun 16, 2016 10:04am Jun 16, 2016 10:04am
Hey, Too Slow, once a trade has become a cash cow and your trailing or Be+1 stop is hit, do you usually leave the trade to it's own demise and move on to another pair? Or constantly watch for a another shot at the goal? Back to the analogies would you rather a covered three pointer or a wide open slam dunk?
  • #2,324
  • Jun 16, 2016 10:27am Jun 16, 2016 10:27am
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  • #2,325
  • Jun 16, 2016 11:12am Jun 16, 2016 11:12am
Quoting wannalearn12
Hey, Too Slow, once a trade has become a cash cow and your trailing or Be+1 stop is hit, do you usually leave the trade to it's own demise and move on to another pair? Or constantly watch for a another shot at the goal? Back to the analogies would you rather a covered three pointer or a wide open slam dunk?
Look for a chance to bank pips.
Same pair.
Different pair.

While you are learning and practicing, better to stay with one pair so you do not miss chances.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,326
  • Jun 16, 2016 11:13am Jun 16, 2016 11:13am
Quoting wannalearn12
{image}
What is so funny?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,327
  • Jun 16, 2016 11:18am Jun 16, 2016 11:18am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,328
  • Jun 16, 2016 11:23am Jun 16, 2016 11:23am
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Attached File(s)
File Type: tpl tooslow_template_share 2.tpl   16 KB | 571 downloads
File Type: tpl tooslow_template_share1.tpl   16 KB | 568 downloads
File Type: mq4 TRIANGLES Lines+Fibo.mq4   8 KB | 743 downloads
  • #2,329
  • Jun 16, 2016 11:41am Jun 16, 2016 11:41am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,330
  • Jun 16, 2016 11:46am Jun 16, 2016 11:46am
Quoting poruchik
{file} {file} {image} {image} {file}
Thanks for sharing indicators and templates.
Please share the "rules" or instructions how to use these lines.
Thank you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,331
  • Jun 16, 2016 12:45pm Jun 16, 2016 12:45pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,332
  • Jun 16, 2016 1:11pm Jun 16, 2016 1:11pm
At the beginning of day the rectangle with a rhombus is under construction.
For visual definition of the moment of an entrance. It is possible to build a box on any TF. The inclination of a rhombus is regulated in degrees.
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  • #2,333
  • Jun 16, 2016 1:42pm Jun 16, 2016 1:42pm
Quoting poruchik
At the beginning of day the rectangle with a rhombus is under construction. For visual definition of the moment of an entrance. It is possible to build a box on any TF. The inclination of a rhombus is regulated in degrees. {image}
"a parallelogram with opposite equal acute angles, opposite equal obtuse angles, and four equal sides."

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,334
  • Jun 16, 2016 2:11pm Jun 16, 2016 2:11pm
Quoting TooSlow
{image} Not a usual pair for me to trade. Chance was there.
How come there was a chance? Because of the red candle count? I cant see a close below hourly open nor price even dont go below the level...
  • #2,335
  • Edited 2:51pm Jun 16, 2016 2:19pm | Edited 2:51pm
Quoting brok
{quote} How come there was a chance? Because of the red candle count? I cant see a close below hourly open nor price even dont go below the level...
Look closer.
Whenever price makes a new daily low, the next H1 candle usually makes a lowest H1 open.
That is the chance.

Remember, the rules are guidelines.
Dance with the market.

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,336
  • Jun 16, 2016 4:57pm Jun 16, 2016 4:57pm
Hi TooSlow, thanks for sharing the great system. I trade CFDs (JPN225, Ger30 and US30) and your Highest Open/Lowest Open Trade method will be a powerful aids. With your permission, am posting my JPN225 trade just closed successfully. Any comments will be appreciated. RS
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-06-17_0850.png Size: 66 KB
  • #2,337
  • Jun 16, 2016 5:45pm Jun 16, 2016 5:45pm
Quoting RisingSun
Hi TooSlow, thanks for sharing the great system. I trade CFDs (JPN225, Ger30 and US30) and your Highest Open/Lowest Open Trade method will be a powerful aids. With your permission, am posting my JPN225 trade just closed successfully. Any comments will be appreciated. RS {image}
Hello RisingSun.
The chart does not show a trade per the rules.
Appears the trade is a breakout rather than a reversal.
Perhaps you discovered something on your own.
Well done.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,338
  • Jun 16, 2016 6:41pm Jun 16, 2016 6:41pm
Quoting TooSlow
{quote} Hello RisingSun. The chart does not show a trade per the rules. Appears the trade is a breakout rather than a reversal. Perhaps you discovered something on your own. Well done.
Thank you TooSlow for your comments. I am puzzled, but please take a look at the next trade(s) as in the attached picture. The first trade entry bar has tested the H1 open and closed, where I took the short per the direction. The next trade is a cost averaging one, where the entry bar again has tested the H1 open and closed, where the next short was entered. The combined TP is $25 net.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-06-17_1035.png Size: 39 KB
  • #2,339
  • Jun 16, 2016 9:58pm Jun 16, 2016 9:58pm
Quoting RisingSun
{quote} Thank you TooSlow for your comments. I am puzzled, but please take a look at the next trade(s) as in the attached picture. The first trade entry bar has tested the H1 open and closed, where I took the short per the direction. The next trade is a cost averaging one, where the entry bar again has tested the H1 open and closed, where the next short was entered. The combined TP is $25 net. {image}
Your entries are late. Do not wait for the bar to close.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,340
  • Jun 16, 2016 10:02pm Jun 16, 2016 10:02pm
Quoting TooSlow
{quote} Your entries are late. Do not wait for the bar to close.
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