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Highest Open / Lowest Open Trade

  • #2,941
  • Jul 5, 2016 7:33am Jul 5, 2016 7:33am
Quoting TooSlow
Many traders ask how I know when the highest open and lowest open occur during the day because the next bar may make a new high/low. I do not know. No one knows. What we know, from the previous count, is the close is usually below the highest H1 open and above the lowest H1 open. This is our "edge". This is what allows us to bank pips on a daily basis.
HI TooSlow
Could elaborate a little more on this point? I think I have a very good idea but want to be sure I understood you well if perhaps gives some graphic example.
MichaelG, your contributions in this forum are great and invaluable, thanks.
Humble & Kalcker CLO2 = Covid killer
  • #2,942
  • Jul 5, 2016 7:45am Jul 5, 2016 7:45am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,943
  • Jul 5, 2016 7:54am Jul 5, 2016 7:54am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,944
  • Jul 5, 2016 7:54am Jul 5, 2016 7:54am
Quoting jusiur
{quote} HI TooSlow Could elaborate a little more on this point? I think I have a very good idea but want to be sure I understood you well if perhaps gives some graphic example. MichaelG, your contributions in this forum are great and invaluable, thanks.
First, tell me what you believe it means.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,945
  • Jul 5, 2016 8:02am Jul 5, 2016 8:02am
Is This entry right ? EURUSD 15mn
Entry on candle candle with arrow , when price cross down the highest open ?
Attached Image
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #2,946
  • Jul 5, 2016 8:16am Jul 5, 2016 8:16am
Quoting landsat
Is This entry right ? EURUSD 15mn Entry on candle candle with arrow , when price cross down the highest open ? {image}
1.11543 is the short entry level for this method.
Did the entry on this candle follow the rules?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,947
  • Jul 5, 2016 8:16am Jul 5, 2016 8:16am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,948
  • Jul 5, 2016 8:19am Jul 5, 2016 8:19am
Quoting TooSlow
{quote} 1.11543 is the short entry level for this method. Did the entry on this candle follow the rules?
We are not on the extreme ..... so not following the rules ....?

thanks for the time and efforts
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #2,949
  • Jul 5, 2016 8:23am Jul 5, 2016 8:23am
DISCIPLINE #1: FOCUS ON THE WILDLY IMPORTANT

"As the authors of The 4 Disciplines of Execution explain, The more you try to do, the less you actually accomplish. They elaborate that execution should be aimed at a small number of wildly important goals. This simplicity will help focus an organizations energy to a sufficient intensity to ignite real results.
For an individual focused on deep work, the implication is that you should identify a small number of ambitious outcomes to pursue with your deep work hours. The general exhortation to spend more time working deeply doesnt spark a lot of enthusiasm. In a 2014 column titled, The Art of Focus, David Brooks endorsed this approach of letting ambitious goals drive focused behavior, explaining: If you want to win the war for attention, dont try to say no to the trivial distractions you find on the information smorgasborg; try to say yes to the subject that arouses a terrifying longing, and let the terrifying longing crowd out everything else."

Cal Newport
from DEEP WORK
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,950
  • Jul 5, 2016 8:25am Jul 5, 2016 8:25am
Quoting landsat
{quote} We are not on the extreme ..... so not following the rules ....? thanks for the time and efforts
Did something get lost in translation?
Did the M15 candle fail to make a new daily high?
Did the M15 candle open above the highest H1 open?
Did the M15 candle come down to the highest H1 open?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,951
  • Jul 5, 2016 8:30am Jul 5, 2016 8:30am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,952
  • Jul 5, 2016 8:34am Jul 5, 2016 8:34am
Quoting TooSlow
{quote} Did something get lost in translation? Did the M15 candle fail to make a new daily high? Did the M15 candle open above the highest H1 open? Did the M15 candle come down to the highest H1 open?
Did something get lost in translation?
Did the M15 candle fail to make a new daily high? YES
Did the M15 candle open above the highest H1 open? YES
Did the M15 candle come down to the highest H1 open? YES

So the candle follow the rules .... was not sure ...but now i'm sure

Cheers
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #2,953
  • Jul 5, 2016 8:40am Jul 5, 2016 8:40am
Quoting landsat
{quote} Did something get lost in translation? Did the M15 candle fail to make a new daily high? YES Did the M15 candle open above the highest H1 open? YES Did the M15 candle come down to the highest H1 open? YES So the candle follow the rules .... was not sure ...but now i'm sure Cheers
Ask yourself questions.
Answer your questions.
Find your own way.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,954
  • Jul 5, 2016 8:44am Jul 5, 2016 8:44am
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Rule #1.

You are watching the market.
You see it going up.
You are waiting for something.
Why?
You are not profiting from what the market is doing now.
What prevents you from profiting?
A rule?

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,955
  • Jul 5, 2016 8:48am Jul 5, 2016 8:48am
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1,2,3,4,5
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,956
  • Jul 5, 2016 8:53am Jul 5, 2016 8:53am
The best cross for today about this method is Eur-Usd i made two trade , the first trad in late...

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  • #2,957
  • Jul 5, 2016 9:05am Jul 5, 2016 9:05am
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1,2,3,4,5
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,958
  • Jul 5, 2016 9:06am Jul 5, 2016 9:06am
Quoting franky779
The best cross for today about this method is Eur-Usd i made two trade , the first trad in late... {image}
Well done
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,959
  • Jul 5, 2016 9:07am Jul 5, 2016 9:07am
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m15 green 1,2,3,4,5,6
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,960
  • Jul 5, 2016 9:13am Jul 5, 2016 9:13am
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9 green M30 bars in a row
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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