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Highest Open / Lowest Open Trade

  • #2,401
  • Jun 21, 2016 7:45am Jun 21, 2016 7:45am
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Rule #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,402
  • Jun 21, 2016 7:51am Jun 21, 2016 7:51am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,403
  • Jun 21, 2016 8:46am Jun 21, 2016 8:46am
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Does anything that happened today look vaguely familiar to what happened yesterday?

HINT: D1[1] open line.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,404
  • Jun 21, 2016 9:00am Jun 21, 2016 9:00am
Tooslow, I have a question, why is it the Highest open is not on the arrows i have marked? Thanks!
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  • #2,405
  • Jun 21, 2016 9:09am Jun 21, 2016 9:09am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,406
  • Jun 21, 2016 9:18am Jun 21, 2016 9:18am
Quoting mario777
Tooslow, I have a question, why is it the Highest open is not on the arrows i have marked? Thanks! {image}
The highest open on Too Slows charts is marked by the H1 highest open, not the 15m charts highest open. Have a glance through the thread. Many questions have been answered very thoroughly by Too Slow and others.
  • #2,407
  • Jun 21, 2016 9:20am Jun 21, 2016 9:20am
Quoting mario777
Tooslow, I have a question, why is it the Highest open is not on the arrows i have marked? Thanks! {image}
Becausen the chart is M15 chart not H1 chart.
This method uses the H1 highest/lowest open.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,408
  • Jun 21, 2016 9:22am Jun 21, 2016 9:22am
Quoting wannalearn12
{quote} The highest open on Too Slows charts is marked by the H1 highest open, not the 15m charts highest open. Have a glance through the thread. Many questions have been answered very thoroughly by Too Slow and others.
Thank you, wannalearn12.
Have patience with new arrivals to the thread.
Thread is at 121 pages.
Most will not read.
That is the reason for posting the rules on the charts.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,409
  • Jun 21, 2016 9:26am Jun 21, 2016 9:26am
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Rule #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,410
  • Jun 21, 2016 9:27am Jun 21, 2016 9:27am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,411
  • Jun 21, 2016 9:31am Jun 21, 2016 9:31am
Welcome New Arrivals.

Please do not hesitate to post questions, comments, charts, etc.

From time to time, it is a good idea to start at post #1 and begin to read through the thread.
You are not expected to do this all at once.
There are many, many tidbits of trading advice sprinkled throughout this thread.
If you subscribe, best to turn off email notifications.
Thank you for stopping by.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,412
  • Jun 21, 2016 9:39am Jun 21, 2016 9:39am
I have started looking at the 4 hour charts to confirm which direction the market is moving. This enables me to filter out a few more trades. I typically won't take the trade if the 4 hour is set up opposite of the 1 hour. I like them to both be moving in the same direction. It seems to work well for me. Hope this helps!
  • #2,413
  • Jun 21, 2016 9:41am Jun 21, 2016 9:41am
Quoting TooSlow
{quote} Thank you, wannalearn12. Have patience with new arrivals to the thread. Thread is at 121 pages. Most will not read. That is the reason for posting the rules on the charts.
I meant no harm! Just trying to lend a helping hand.
  • #2,414
  • Jun 21, 2016 9:44am Jun 21, 2016 9:44am
Quoting wannalearn12
I have started looking at the 4 hour charts to confirm which direction the market is moving. This enables me to filter out a few more trades. I typically won't take the trade if the 4 hour is set up opposite of the 1 hour. I like them to both be moving in the same direction. It seems to work well for me. Hope this helps!
What about daily D1?
What about weekly W1?
What about monthly MN1?
What about yearly?

It can go on and on and on.
Filter until there is nothing left.

Find your path, wannalearn12.
Find your own path.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,415
  • Jun 21, 2016 9:47am Jun 21, 2016 9:47am
Quoting wannalearn12
{quote} I meant no harm! Just trying to lend a helping hand.
Never thought you did.
Better to have people feel welcome to ask questions without fear of put downs.
Who doesn't hate those threads where a simple question is met with a rude comeback?
Especially when the answer is shorter than the rude remark!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,416
  • Jun 21, 2016 9:48am Jun 21, 2016 9:48am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,417
  • Jun 21, 2016 10:06am Jun 21, 2016 10:06am
Quoting TooSlow
{quote} What about daily D1? What about weekly W1? What about monthly MN1? What about yearly? It can go on and on and on. Filter until there is nothing left. Find your path, wannalearn12. Find your own path. {image}
I just want a lot of momentum behind the trade.
  • #2,418
  • Jun 21, 2016 10:11am Jun 21, 2016 10:11am
Quoting wannalearn12
{quote} I just want a lot of momentum behind the trade.
The past is the past.
Now is all that matters while trading.
Which way is price moving?
The answer is relative.
Distinguish between real and imaginary.
Distinguish between past and present.
Go with the flow.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,419
  • Jun 21, 2016 10:30am Jun 21, 2016 10:30am
Quoting TooSlow
{quote} What about daily D1? What about weekly W1? What about monthly MN1? What about yearly? It can go on and on and on. Filter until there is nothing left. Find your path, wannalearn12. Find your own path. {image}
TooSlow, Does this mean that there is a possiblity of entering both long and short on the same pair on the same day if you don't have a directonal bias as to if the bullish or bearish scenario is more likely? Thank you
  • #2,420
  • Edited 11:37am Jun 21, 2016 11:02am | Edited 11:37am
Quoting courier12
{quote} TooSlow, Does this mean that there is a possiblity of entering both long and short on the same pair on the same day if you don't have a directonal bias as to if the bullish or bearish scenario is more likely? Thank you
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Yes.

During the day there are only two possibilities:
1) open, price makes high, price makes low, close;
2) open, price makes low, price makes high, close;

During the Asian session, trade price moving away from the open.
During the London and NY sessions, trade price moving away from the current daily high/daily low or trade price moving away from the open.

The brown line is the daily open.
The green line is low of day to high of day.
The orange line is high of day to current price.
At lot happens between daily open and current price.
Shaded boxes represent the Asian, London and NY sessions.
Illustrates trading away from open during Asian session and trading away from current daily low during the London session.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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