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Highest Open / Lowest Open Trade

  • #3,421
  • Jul 14, 2016 9:19am Jul 14, 2016 9:19am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,422
  • Jul 14, 2016 9:24am Jul 14, 2016 9:24am
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  • #3,423
  • Jul 14, 2016 9:25am Jul 14, 2016 9:25am
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  • #3,424
  • Jul 14, 2016 9:30am Jul 14, 2016 9:30am
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Waiting.
Waiting is the hardest part.
Waiting could be the easiest part.
How?

Change your beliefs.
Change your thoughts.
Change your attitude.

When you hunt, you have to wait for your shot.
When you fish, you have to wait for the fish to bite.
When you garden, you have to wait for the crop to ripen.
What makes you believe trading is any different?


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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,425
  • Jul 14, 2016 9:34am Jul 14, 2016 9:34am
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  • #3,426
  • Jul 14, 2016 9:48am Jul 14, 2016 9:48am
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  • #3,427
  • Jul 14, 2016 11:04am Jul 14, 2016 11:04am
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Waiting pays.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,428
  • Jul 14, 2016 11:28am Jul 14, 2016 11:28am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,429
  • Jul 14, 2016 11:44am Jul 14, 2016 11:44am
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  • #3,430
  • Jul 14, 2016 12:09pm Jul 14, 2016 12:09pm
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  • #3,431
  • Jul 14, 2016 12:11pm Jul 14, 2016 12:11pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,432
  • Jul 14, 2016 12:19pm Jul 14, 2016 12:19pm
Quoting SlownSteadyy
Can someone please help me with this? In this chart, can we take the marked area as the "area of interest"? Or does it always have to be the previous candle that marks the daily high/low? (I'm sorry for my bad English, I'm not a native speaker ) {image}
Hi Slow Steady these is extrem situation in my opinion these move is affected from news as soon as you a beginer try clear setups avoid these. Instead these pair NZD/USD was in better pozition
In the document below you have everything you need learn it not just read... Cheers
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File Type: doc TO SLOOW STRATEGY.doc   1.7 MB | 1,472 downloads
  • #3,433
  • Jul 14, 2016 12:24pm Jul 14, 2016 12:24pm
Quoting SlownSteadyy
Can someone please help me with this? In this chart, can we take the marked area as the "area of interest"? Or does it always have to be the previous candle that marks the daily high/low? (I'm sorry for my bad English, I'm not a native speaker ) {image}
Allsaw if you see these large candle has breack yestrday support and in these situation you have to stay out because of rule nr1 of thread....
  • #3,434
  • Jul 14, 2016 1:02pm Jul 14, 2016 1:02pm
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  • #3,435
  • Jul 14, 2016 1:11pm Jul 14, 2016 1:11pm
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  • #3,436
  • Jul 14, 2016 1:58pm Jul 14, 2016 1:58pm
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  • #3,437
  • Jul 14, 2016 1:58pm Jul 14, 2016 1:58pm
Hi ToSlow
I have read probably 80 pages but still haven't found the answer to my question
My question is If I am monitoring a hourly candle and on completion the wick is say only 3 pips are less
Do I leave that hourly candle alone or do I increase the stop loss to above the wick so I can trade with a
more manageable stop loss ie maybe 5 to 7 pips
I have broker with a very tight spread on most pair ie less than 2 pips
  • #3,438
  • Jul 14, 2016 2:01pm Jul 14, 2016 2:01pm
"...A loss can be a great motivator to become committed to improving your performance if you choose to respond positively.

Tips for turning a loss into motivation to succeed:

You should never passively respond to a loss. If you do, negative emotions will haunt your mind and take away your edge.

Instead, make a conscious choice to learn from a loss. Ask yourself, “What can I do differently? Train harder? Improve my reaction time? Work on my tactics or strategy? Strengthen my mental game?”

Make a mental contract with yourself to come back physically stronger and mentally tougher after an unexpected loss..."

- Dr. Patrick Cohn
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,439
  • Jul 14, 2016 2:08pm Jul 14, 2016 2:08pm
Quoting Davlin
Hi ToSlow I have read probably 80 pages but still haven't found the answer to my question My question is If I am monitoring a hourly candle and on completion the wick is say only 3 pips are less Do I leave that hourly candle alone or do I increase the stop loss to above the wick so I can trade with a more manageable stop loss ie maybe 5 to 7 pips I have broker with a very tight spread on most pair ie less than 2 pips
This is trading.
There are no guarantees.
When the signals are not clear, DO NOT ENTER THE TRADE.

Trading is simple.
With practice, trading becomes easy.
There will always be another trade.
Just be patient and wait for it.

When the stop is too close to the entry line, you have 2 choices:
Trade or no trade.
You decide if the reward is worth the risk.

You can make trading simple.
Or you can make trading difficult.
Your choice.
Do not make trading difficult.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,440
  • Jul 14, 2016 3:47pm Jul 14, 2016 3:47pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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