Highest Open / Lowest Open Trade

During the Asian session the highest H1 open may be the highest H1 open for the day.
And the lowest H1 open may be the lowest H1 open for the day.
This is time when a trade may run for many, many pips.

Compare the M15 vs M5 charts.
The black "dots" market the highest/lowest H1 opens.
Look for losing entries.
Decide which chart period works best for you.
Keep in mind the chart period has no affect on price.

Here is the M30 chart.

And the H1 chart.

Rule #1

Hi TooSlow,

Thank you for your sharing of thoughts and just wonder the NZDUSD M15 reverse from D low .7141 is a valid setup?

Hello Alex,

Thank for your sharing, unfortunately the SnR not stop working with error messages as above, I am running from Win 10 and MT4 build 988, have you experienced this before?

Greetings stychong.

There is only one essential thing in trading - either you profit or you lose.
This method uses 6 lines.
Two indicate where the next trade will be.
Four indicate whether extreme caution is advised.
Nothing more.
Nothing less.
Perhaps you did not read the posts where I state the rules are only guidelines.

Valid setup?
Is there such a thing in trading?
No setup guarantees a winner.
To be successful with this method you must first empty your mind of other methods.
Other methods will hinder your progress.

Valid setup?
Had you entered what would have been the outcome?
You can not know in the moment.
You find out later.
Maybe you profit.
Maybe you lose.
That is trading.

There are a few traders who have come here and become profitable.
Their success is theirs.
Has nothing to do with me.
Learn to trust what you see and feel.
And always deploy a stop loss.
Do not let anything stand between you and profit.
There is nothing more.

Why is there an orange wavy line on your chart?
You add to the charts yet you do not know how to tell if the setup was "valid"?
Does that demonstrate a willingness to learn?
What does that line add?
You must have changed the rules to accommodate the orange wavy line.
Otherwise for what is it used?
Your cup is full.



"Perfection is not when you have nothing more to add,
but when you have nothing more to take away."
~ Antoine De Saint Exupery

"It is not about adding on, but taking away.
The less technique, the better you are."
~ Bruce Lee

Shiny Object Syndrome (Objectivius Shinium Syndromus) is defined as the attraction to objects that exhibit a glassy, polished, gleaming or otherwise shinyappearance. Something as simple as a reflection in your peripheral vision may easily distract your attention.


"It seems to be a trend that's growing: small business owners are getting distracted by too many ideas or the latest fad, going off in a million directions and never completing anything. This loss of focus is costing you hundreds of hours a year in lost productivity, lost hours, lost dollars.
It even has a name: SOS - Shiny Object Syndrome. It's not quite ADD/ADHD. It's more that a new idea captures your imagination and attention in such a way that you get distracted from the bigger picture and go off in tangents instead of remaining focused on the goal.
We think of a new idea, we hear of a great new gadget or marketing technique, and ZOOM, we're off! There's great energy and excitement in starting something new."

http://www.passionforbusiness.com/ar...t-syndrome.htm

What will be the next INDICATOR DE JOUR?