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Highest Open / Lowest Open Trade

  • #2,481
  • Jun 22, 2016 3:01pm Jun 22, 2016 3:01pm
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,482
  • Jun 22, 2016 3:04pm Jun 22, 2016 3:04pm
Quoting wannalearn12
{quote} they fill in what way?
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 34 KB


Price moves to fill the gap.
In this case, the price needs to move up to the weekly close 1.28909 and down to 1.27742 to fill the gaps.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,483
  • Jun 22, 2016 3:12pm Jun 22, 2016 3:12pm
Quoting TooSlow
{quote} {image} Price moves to fill the gap. In this case, the price needs to move up to the weekly close 1.28909 and down to 1.27742 to fill the gaps.
So when gaps are created trade in the direction of the weekly close and the open a trade moving back towards the gap after it reaches the close?
  • #2,484
  • Jun 22, 2016 3:38pm Jun 22, 2016 3:38pm
Quoting wannalearn12
{quote} So when gaps are created trade in the direction of the weekly close and the open a trade moving back towards the gap after it reaches the close?
When price gaps down, the trade direction is long.
When price gaps up, the trade direction is short.
After the gap has filled, the gap trade is over.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,485
  • Jun 22, 2016 3:41pm Jun 22, 2016 3:41pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,486
  • Jun 22, 2016 3:52pm Jun 22, 2016 3:52pm
Quoting TooSlow
{image}
Why does it have to hit the close of the last week? The UCAD gapped up correct?
  • #2,487
  • Jun 22, 2016 4:11pm Jun 22, 2016 4:11pm
Quoting wannalearn12
{quote} Why does it have to hit the close of the last week? The UCAD gapped up correct?
No. Gapped down.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,488
  • Jun 22, 2016 4:11pm Jun 22, 2016 4:11pm
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Speaking of gaps.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,489
  • Jun 22, 2016 4:15pm Jun 22, 2016 4:15pm
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,490
  • Jun 22, 2016 4:24pm Jun 22, 2016 4:24pm
Quoting TooSlow
{image} Speaking of gaps.
So that is a Gap up? and you want to trade short?
  • #2,491
  • Jun 22, 2016 4:37pm Jun 22, 2016 4:37pm
Quoting wannalearn12
{quote} So that is a Gap up? and you want to trade short?
Yes.
You look to trade short.
Except...
When it is a runaway gap.

http://www.investopedia.com/terms/r/runawaygap.asp

More on trading gaps:

http://finance.zacks.com/trade-forex...gaps-5467.html

http://www.investopedia.com/articles...layinggaps.asp
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,492
  • Jun 22, 2016 4:40pm Jun 22, 2016 4:40pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,493
  • Jun 22, 2016 4:44pm Jun 22, 2016 4:44pm
http://www.marketwatch.com/story/whe...ote-2016-06-21
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,494
  • Jun 22, 2016 4:45pm Jun 22, 2016 4:45pm
Give a listen:

Inserted Video
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,495
  • Jun 22, 2016 4:47pm Jun 22, 2016 4:47pm
Hello, TooSlow
Thank you for your system, I think will profitable. But we are traders and like digitals)
You said use this method long time. Could you, please show us a statement of real account tried 3-6 month?
Thank you and hope follow your results.
  • #2,496
  • Jun 22, 2016 5:23pm Jun 22, 2016 5:23pm
Quoting TooSlow
{image}
Simply awesome as always
Learning a lot from your charts.
RS
  • #2,497
  • Jun 22, 2016 5:29pm Jun 22, 2016 5:29pm
Quoting TooSlow
{image}
Definitely put a smile on my face. When that first 15m gave the entry I took it. I saw the spread get as high as 10. Why is it that occurs?
  • #2,498
  • Jun 22, 2016 5:34pm Jun 22, 2016 5:34pm
Quoting wannalearn12
{quote} Definitely put a smile on my face. When that first 15m gave the entry I took it. I saw the spread get as high as 10. Why is it that occurs?
That's because the market is finishing the day, when liquidity goes down, and conversely spread goes high. This is true with any instruments.

PS: Put this indicator on your charts and observe throughout the day. You will see how spread changes during the day.
Attached File(s)
File Type: mq4 Spread(2).mq4   3 KB | 400 downloads
  • #2,499
  • Jun 22, 2016 7:13pm Jun 22, 2016 7:13pm
Quoting safrash
Hello, TooSlow Thank you for your system, I think will profitable. But we are traders and like digitals) You said use this method long time. Could you, please show us a statement of real account tried 3-6 month? Thank you and hope follow your results.
Welcome to the thread, safrash.
Best you read through it before you starting asking for things.
You will learn what to focus on and where your focus needs to be.
HINT: No one else's account.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,500
  • Jun 22, 2016 7:14pm Jun 22, 2016 7:14pm
Quoting wannalearn12
{quote} Definitely put a smile on my face. When that first 15m gave the entry I took it. I saw the spread get as high as 10. Why is it that occurs?
Brokers playing games with the spread.
Trying to stop hunt, trigger orders, bust accounts, etc.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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