Stay GREEN my friends........
Highest Open / Lowest Open Trade
- #3,282
- Jul 13, 2016 7:23am Jul 13, 2016 7:23am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
AUD/CAD and NZD/USD on radar for next hour 
- #3,284
- Jul 13, 2016 7:26am Jul 13, 2016 7:26am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
AUD/CAD and NZD/USD on radar for next hour
- #3,285
- Jul 13, 2016 7:41am Jul 13, 2016 7:41am
- Joined Oct 2014 | Status: Harvesting...... | 448 Posts
{quote} Nice trading Alex. Seems like you have understood the method properlyDo you switch to 15min or 5mins charts before entering a trade?
cheers
Alex
Stay GREEN my friends........
- #3,287
- Jul 13, 2016 8:00am Jul 13, 2016 8:00am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
{quote} No mate I`m using M30 and H1 TF only cheers Alex
Now I'm a little confused though. TooSlow and MichaelG have mentioned about waiting until a new candlestick is opened within the "area of interest". Have you added your own twist to this method?
- #3,290
- Jul 13, 2016 8:21am Jul 13, 2016 8:21am
{quote} Thanks for your reply Alex
I think what Alex has done is.....he is watching the H1 levels as we all are, but instead of waiting for an M15 or M5 candle to open in our area of interest, he is just using the M30 for that task. I guess it's not a bad idea when you think about it. You really only have to be in front of your monitor every half and hour.
Clever man
. I might just take a leaf out of his book.. He might miss a few trades, but it looks like he might load up on the ones that he does get.Cheers
- #3,291
- Jul 13, 2016 8:39am Jul 13, 2016 8:39am
- Joined Oct 2014 | Status: Harvesting...... | 448 Posts
{quote} Hi SlownSteady, I think what Alex has done is.....he is watching the H1 levels as we all are, but instead of waiting for an M15 or M5 candle to open in our area of interest, he is just using the M30 for that task. I guess it's not a bad idea when you think about it. You really only have to be in front of your monitor every half and hour. Clever man
what I do is just watching H1 candle reaching the D1 high plus H1 R
then I start placing pending order on the higher open level then when its hit I move the stop loss to the D1 high and add trailing stop to the trade..
I hope this is help
Cheers
Alex
Stay GREEN my friends........
- #3,296
- Jul 13, 2016 8:47am Jul 13, 2016 8:47am
- Joined Mar 2012 | Status: Trader | 14,329 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
{quote} Hi SlownSteady, I think what Alex has done is.....he is watching the H1 levels as we all are, but instead of waiting for an M15 or M5 candle to open in our area of interest, he is just using the M30 for that task. I guess it's not a bad idea when you think about it. You really only have to be in front of your monitor every half and hour. Clever man
{quote} Yes mate it`s correct what I do is just watching H1 candle reaching the D1 high plus H1 R then I start placing pending order on the higher open level then when its hit I move the stop loss to the D1 high and add trailing stop to the trade.. I hope this is help Cheers Alex {image}
This explains a lot that I did not understand about this method - #3,299
- Jul 13, 2016 8:54am Jul 13, 2016 8:54am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
My EUR/AUD trade on profit waiting to summarize. The previous one USD/CAD stoped out +23 pips....
