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Highest Open / Lowest Open Trade

  • #3,001
  • Jul 6, 2016 9:41am Jul 6, 2016 9:41am
Quoting franky779
{quote} I made trading with caution {image}
Well done Franky, I had the same trade. Good on you Mate.
  • #3,002
  • Jul 6, 2016 9:43am Jul 6, 2016 9:43am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 41 KB


Rule #1

When the price crossed above the previous day's high ( D1[1] high ) each time, what happened?
What is the market telling you?
What is the market telling you to do?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,003
  • Jul 6, 2016 9:46am Jul 6, 2016 9:46am
Quoting franky779
{quote} I made trading with caution {image}
Well done
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,004
  • Jul 6, 2016 9:49am Jul 6, 2016 9:49am
Quoting TooSlow
{image} Are you getting stopped out at BE+1 after price moves to BE+5 more often than not? What is the market telling you to do? {image}
That you are on the wrong side of the market, so better take your profits at 10/15 pips
The quality of your life is brought about by the quality of your thinking.
  • #3,005
  • Jul 6, 2016 9:58am Jul 6, 2016 9:58am
Quoting franky779
{quote} I made trading with caution {image}
Hi franky779. Can you tell me pls in wich part of the thred the topic of trading with caution is explained!? Thanc you.
  • #3,006
  • Jul 6, 2016 10:03am Jul 6, 2016 10:03am
Quoting franky779
{quote} I made trading with caution {image}
Rule N# 1
Ale
  • #3,007
  • Jul 6, 2016 11:57am Jul 6, 2016 11:57am
Quoting mizi123
{quote} Hi franky779. Can you tell me pls in wich part of the thred the topic of trading with caution is explained!? Thanc you.
See post #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,008
  • Jul 6, 2016 1:47pm Jul 6, 2016 1:47pm
Is anyone else trading?
Post your charts.
Don't be shy.
This is a friendly thread.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,009
  • Jul 6, 2016 2:19pm Jul 6, 2016 2:19pm
Quoting PippyTheGrt
{quote} I like that explanation EDIT actually, I don't have RisingSun GER30 charts but this (breakout from yesterday's LOTD) might also be the case in the example above (post 2984)
Yes, you are right. My trade was the case of "breakout - trade with caution." In fact, soon after my exit, price reversed and went further down till NY session.

On the way, there was a rule based Entry #2.

Entry #3 would be another trade. No wick on this H1 bar (so no trade per the rules) but it can traded because there was a good momentum, pull back, hesitation and then breakout of M1 PA. Not per the rules of this thread.

I normally trade at Tokyo and London session opens, rarely NY open, due to my location. RS
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-07-07 03_58_0 - GER30,M1.png Size: 62 KB
  • #3,010
  • Jul 6, 2016 2:53pm Jul 6, 2016 2:53pm
Quoting TooSlow
Is anyone else trading? Post your charts. Don't be shy. This is a friendly thread.
HiYes, me.I'm trying to trade but unfortunatly during my 2 hours session per day (NY close and a bit of Asian open), till now I didn't find any setup as per the rules.When I'll get a decent setup, I'll be more than happy to share for comments.CheersMerka
  • #3,011
  • Jul 6, 2016 2:55pm Jul 6, 2016 2:55pm
Quoting hornet
{quote} That you are on the wrong side of the market, so better take your profits at 10/15 pips
Like in getting in opposite trend perhaps?
  • #3,012
  • Jul 6, 2016 5:59pm Jul 6, 2016 5:59pm
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.
Not sure what else to say.
Ask another question or 2.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,013
  • Jul 6, 2016 6:58pm Jul 6, 2016 6:58pm
Quoting TooSlow
{quote} Not sure what else to say. Ask another question or 2.
Hi tooslow. Please read my #2987 post when you have a bit of time. There I answer the question you made me few post before. Tks
Humble & Kalcker CLO2 = Covid killer
  • #3,014
  • Jul 6, 2016 8:51pm Jul 6, 2016 8:51pm
very NICE
  • #3,015
  • Jul 6, 2016 10:44pm Jul 6, 2016 10:44pm
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 47 KB


My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,016
  • Jul 6, 2016 10:45pm Jul 6, 2016 10:45pm
Quoting jusiur
{quote} {image} it is evident because you mentioned the count several times in order to verify PA, but I hope to be wrong in my interpretation ( in the pic) because would emerge an observation: if the close above the lower (or below higher) opening is far away from it, could not so often created the sets ups required for trading and we have to wait more to trade, which would not be all bad because we would be selective.
Not sure exactly what you are saying or asking?
Can someone help?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,017
  • Jul 6, 2016 10:51pm Jul 6, 2016 10:51pm
Quoting TooSlow
{quote} Not sure exactly what you are saying or asking? Can someone help?
I interpret it as such: if the bear candles are far away from the highest 1h open wait for the new setup bc it will make a new higher open. Like 4-5 bears to even reach the entry point is to many and more often than not it will create a new high open.
  • #3,018
  • Jul 6, 2016 11:13pm Jul 6, 2016 11:13pm
Quoting wannalearn12
{quote} I interpret it as such: if the bear candles are far away from the highest 1h open wait for the new setup bc it will make a new higher open. Like 4-5 bears to even reach the entry point is to many and more often than not it will create a new high open.
Bear or Bull?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,019
  • Jul 6, 2016 11:47pm Jul 6, 2016 11:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 40 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,020
  • Jul 7, 2016 12:11am Jul 7, 2016 12:11am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 44 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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