Highest Open / Lowest Open Trade

Quoting franky779

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Hi , often happen this , so learn a method and study a daily plane/routine with a good money plane. {image} {image}

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Quoting TooSlow

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{image} The flaw in your thinking is believing price will always behave the same way. The solution is to quit thinking. Instead, follow the market's lead. When dancing with the market, the market always leads. The rules and guidelines presented in this thread are based on one trader's experience. That is all. Nothing set in stone. Nothing holy or sacred. {image}

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Quoting MichaelG

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{quote} Hi Franky, I use a free bit of kit called Clip2Net. I'm not sure what the rules are here so I better not post a link, but if you google it, you should be okay. I've had it a while, so there may be a better version out, and I think you can get a paid version as well, but for what I use it for, the free one is fine. If you do get it and have any problems, let me know and I will do a bit of a "how to".....but not on this thread Cheers

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Quoting MichaelG

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{quote} Agreed my friend, but we must first learn to crawl..... (We must first learn the rules) And then when we can walk.....(when we can see things more clearly and quickly) We might be able to learn to dance......some may take longer than others. But first I need to learn how to crawl.....Be gentle with me

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Quoting MichaelG

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{quote} For me, the M1 is just too quick, but that's just my preference. Doesn't mean I am right. But certainly ignoring the rules of this strategy, and if I was to look at what higher time frames might be suggesting to me from a price action perspective, then I would have been looking to sell this pair from todays high price. But I wouldn't have been able to justify an entry there using this strategy, as there was no M15 or M5 entry available at that level (that I have seen from a quick look) Anyway, again, have a great weekend. It's moving towards...

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Quoting franky779

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I don't know if the better trade managment is ( 5 pip and move to b.e.+1) also because also beacause all cross are different volatily but i'll know it only after done many trade....... ANOTHER QUESTION ----> do you thing that it's better entry with LOT FIXED or EQUITY PERCENTAGE (es: 1,5%) {image}

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Quoting mizi123

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Hi TOSloow and others the only thing that i don't have found thru posts is concept of: Trade the reversal with caution. can anyone instruct me were can i read about these in thread? Thanc you!

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Quoting TooSlow

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{quote} {image} One should always exercise caution when trading. Sometimes more caution than other times is warranted. When price is above the previous day's high or below previous day's low is one of those times. Caution, in this instance, means you stay focused and exit as soon as you seeing price going against you. After your trade is 3 minutes old and is sitting at a loss, chances are it will be a loser for a long time. Price is not going your way. {image} Look at the charts. How long did price stay under yesterday's low each time price crossed...

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Quoting TooSlow

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{quote} {image} The market is shouting. Can you hear it?

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Quoting trader-f1

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{quote} Hi TooSlow, I don't think I can hear it I would appreciate it if you could detail a bit more your thought process and what "hints" you're a looking for in the lower TF such as M1. Looking back at the attached M1 chart, bar 22 had a long bottom wick and to me it looked like there was some buyer interest in this area. Would you have any specific reason not to enter on bar 21? Then bar 4 once again hinted at more buyers in this area but you could see sellers pushing price back down on bar 2... Sellers "won" this time and price made...

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