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Highest Open / Lowest Open Trade

  • #3,461
  • Jul 14, 2016 10:46pm Jul 14, 2016 10:46pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,462
  • Jul 14, 2016 11:03pm Jul 14, 2016 11:03pm
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BE+1 or SL.
Your choice.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,463
  • Jul 14, 2016 11:05pm Jul 14, 2016 11:05pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,464
  • Jul 14, 2016 11:07pm Jul 14, 2016 11:07pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,465
  • Jul 14, 2016 11:10pm Jul 14, 2016 11:10pm
The Millionaire Traders Mindset

1. Pros don't predict or chase price. They know that the longer price trends, the more likely it becomes that it will reverse. Unlike the beginner, the pro will start to look for short-term counter-trend opportunities against the trend or trade in the direction of the trend when price pulls back temporarily. They know that the trend is your friend and they will piggy-back on the momentum of a trend. However, they won't hold their trend trades for long, knowing that most of the trend's move has already taken place.

2. Pros know when to stay out and observe. Sometimes it becomes impossible to trade, esp. when markets range heavily or become too unpredictable. Pros know to trade only when the stormy clouds part and the market's picture becomes clear again.

3. Pros trade selectively not frequently and don't over-leverage. They take only the best trades as they know that this approach leads to the most profit. They know that trading too large and being in market all the time does not build accounts but rather destroys them.

4. Pros show no loyalty to a trade. They will prepare for a trade, making sure all the required elements of their method are met, while at the same time being willing to abandon it the moment the market changes or something unexpected occurs. Once a trade is closed, they move on to the next trade without letting the outcome of the last trade (good or bad) affect how they take the next trade.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,466
  • Jul 14, 2016 11:11pm Jul 14, 2016 11:11pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,467
  • Jul 14, 2016 11:11pm Jul 14, 2016 11:11pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,468
  • Jul 14, 2016 11:12pm Jul 14, 2016 11:12pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,469
  • Jul 14, 2016 11:13pm Jul 14, 2016 11:13pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,470
  • Jul 14, 2016 11:16pm Jul 14, 2016 11:16pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,471
  • Jul 14, 2016 11:18pm Jul 14, 2016 11:18pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,472
  • Jul 14, 2016 11:23pm Jul 14, 2016 11:23pm
The Scientific Argument for Mastering One Thing at a Time



"However (and this is crucial to understand) follow-up research has discovered implementation intentions only work when you focus on one goal at a time. In fact, researchers found that people who tried to accomplish multiple goals were less committed and less likely to succeed than those who focused on a single goal."




http://jamesclear.com/master-one-thing
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,473
  • Jul 14, 2016 11:40pm Jul 14, 2016 11:40pm
Trade triggered. still practicing. Still 7 trades shy from doing live trade on this. may extend demo till end of next week.
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  • #3,474
  • Jul 14, 2016 11:45pm Jul 14, 2016 11:45pm
Quoting MichaelG
{quote} Hi TooSlow, I have put this together in response to your suggestion. This incorporates some of the information from some of the posts I have made, and also includes some Q&A's in there. It's in a word doc, so if it needs to be changed, I can do that if it fits in with what you were thinking. Cheers EDIT. .Updated. Small changes to text made at TooSlow's request. {file}
Michael,

This is a fantastic compilation of the rules and frequent questions. Thank you for taking the time to put it together.
  • #3,475
  • Jul 15, 2016 12:28am Jul 15, 2016 12:28am
Quoting courier12
{quote} Michael, This is a fantastic compilation of the rules and frequent questions. Thank you for taking the time to put it together.
Thanks Courier and all for your thanks.
Happy that it is helping. Nice to "give back" now and again.
And thanks to TooSlow for allowing me to help out a little bit when I can.
Michael
  • #3,476
  • Edited 1:33am Jul 15, 2016 12:31am | Edited 1:33am
Quoting mike_g
Trade triggered. still practicing. Still 7 trades shy from doing live trade on this. may extend demo till end of next week. {image}
Hi Mike,
I'm on the same trade. It's moving slowly, but in the right direction. That's all we want, and if we get a B/E+1, then that is still reason to smile (no loss)
Well done.

Edit....out at B/E+5.
  • #3,477
  • Jul 15, 2016 12:59am Jul 15, 2016 12:59am
Quoting mizi123
{quote} Michael bro i have fixed goal to achive and these system allow's me these comodity, because of that is the TP
Hi Mizi, does this mean you have a target number of pips you want to make in one day?..... or one week?....or one month?....
Is that right?
Thankyou
  • #3,478
  • Jul 15, 2016 1:15am Jul 15, 2016 1:15am
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  • #3,479
  • Jul 15, 2016 1:50am Jul 15, 2016 1:50am
Quoting TooSlow
{image}
I apologize. I will see if I have understood the strategy. I'm studying and I find it really exciting

EURUSD H1 M15
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  • #3,480
  • Jul 15, 2016 4:01am Jul 15, 2016 4:01am
anyone got stopped out with a loss using this method?
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