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Highest Open / Lowest Open Trade

  • #2,741
  • Jun 30, 2016 8:42am Jun 30, 2016 8:42am
Quoting TooSlow
{image} Saw it. Did not trade it. Not usual candidate. Better to dance with those you know. That way, your toes don't get stepped on as often.
Hi TooSlow.

This will be valid long?
Because, big green candle did not test daily low. Did not come near it.

And I ask you earlier, but you didnt answer on my question. You probably did not see it.
When space between H1 open and daily high/low is small, for example 5 pips... is then 2 pips test enough?

Thank you!
  • #2,742
  • Jun 30, 2016 8:43am Jun 30, 2016 8:43am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,743
  • Jun 30, 2016 8:46am Jun 30, 2016 8:46am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,744
  • Jun 30, 2016 8:47am Jun 30, 2016 8:47am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,745
  • Jun 30, 2016 8:48am Jun 30, 2016 8:48am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,746
  • Jun 30, 2016 8:53am Jun 30, 2016 8:53am
Quoting courier12
{quote} skljsklj1 ​Thank you for your post! This is helpful. Thank you for taking the time to put these charts together.
I'm glad I could help.
  • #2,747
  • Jun 30, 2016 8:53am Jun 30, 2016 8:53am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,748
  • Jun 30, 2016 8:54am Jun 30, 2016 8:54am
Quoting skljsklj1
{quote} Hi TooSlow. This will be valid long? Because, big green candle did not test daily low. Did not come near it. And I ask you earlier, but you didnt answer on my question. You probably did not see it. When space between H1 open and daily high/low is small, for example 5 pips... is then 2 pips test enough? Thank you!
Yes.
2 is 40% of 5.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,749
  • Jun 30, 2016 8:55am Jun 30, 2016 8:55am
Quoting safrash
{quote} Hi skljsklj1 Thank you for explanation, you can write a full algorithm of trading. Do you see trade in big TF? Do you see resistance & support levels? Do you see Sessions? What is MM? A more questions
I think TooSlow answer on your questions in post #2,710.

MM is probably money managment. Im not sure.
  • #2,750
  • Jun 30, 2016 8:58am Jun 30, 2016 8:58am
Quoting TooSlow
{quote} Yes. 2 is 40% of 5.
Ok. But when space between H1 open and daily low/high is big, how many pips should be test then?
  • #2,751
  • Jun 30, 2016 9:03am Jun 30, 2016 9:03am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,752
  • Jun 30, 2016 9:05am Jun 30, 2016 9:05am
Quoting skljsklj1
{quote} Ok. But when space between H1 open and daily low/high is big, how many pips should be test then?
You are seeking definiteness where there is none.
Please read the Mark Douglas quotes in the links I have provided.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,753
  • Jun 30, 2016 9:05am Jun 30, 2016 9:05am
Quoting TooSlow
{quote} You are seeking definiteness where there is none. Please read the Mark Douglas quotes in the links I have provided.
Ok. Thank you!
  • #2,754
  • Jun 30, 2016 9:06am Jun 30, 2016 9:06am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,755
  • Jun 30, 2016 9:06am Jun 30, 2016 9:06am
Quoting skljsklj1
{quote} Ok. Thank you!
What is certain in the market?
Price goes up.
Price goes down.
There is certainty.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,756
  • Jun 30, 2016 9:22am Jun 30, 2016 9:22am
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Rule #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,757
  • Jun 30, 2016 9:29am Jun 30, 2016 9:29am
Quoting TooSlow
{quote} What is certain in the market? Price goes up. Price goes down. There is certainty.
Yes.
  • #2,758
  • Jun 30, 2016 9:32am Jun 30, 2016 9:32am
Quoting TooSlow
{image} Rule #1
got SL'd on this one, did get up and get down the opening high a couple of times, guess jumped in too quick?
  • #2,759
  • Jun 30, 2016 9:50am Jun 30, 2016 9:50am
Quoting baldmonk
{quote} got SL'd on this one, did get up and get down the opening high a couple of times, guess jumped in too quick?

Did you follow the rules EXACTLY?
Post chart so we can see.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,760
  • Jun 30, 2016 9:57am Jun 30, 2016 9:57am
Quoting TooSlow
{quote} Did you follow the rules EXACTLY? Post chart so we can see.
sold on the marked M5 candle when it was still red. right before the break-out. may be just unlucky? win some, lose some...
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