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Highest Open / Lowest Open Trade

  • #3,521
  • Jul 15, 2016 8:56am Jul 15, 2016 8:56am
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Rule #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,522
  • Jul 15, 2016 8:57am Jul 15, 2016 8:57am
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Rule #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,523
  • Jul 15, 2016 8:58am Jul 15, 2016 8:58am
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The daily chart shows the entire chessboard.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,524
  • Jul 15, 2016 9:00am Jul 15, 2016 9:00am
Quoting TooSlow
{image} The daily chart shows the entire chessboard.
Always look left first (when trading)
The quality of your life is brought about by the quality of your thinking.
  • #3,525
  • Jul 15, 2016 9:02am Jul 15, 2016 9:02am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,526
  • Jul 15, 2016 9:03am Jul 15, 2016 9:03am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,527
  • Jul 15, 2016 9:05am Jul 15, 2016 9:05am
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Afraid to lose?
DO NOT TRADE.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,528
  • Jul 15, 2016 9:09am Jul 15, 2016 9:09am
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Why do I switch chart periods?
Does not effect price.
It effects what is seen.
A little.
Or a lot.
Nothing more.
Nothing less.
Do not be deceived.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,529
  • Jul 15, 2016 9:11am Jul 15, 2016 9:11am
Quoting TooSlow
{quote} {image} Objective: bank pips. Observation: end of day price usually closes above lowest H1 open and below highest H1 open. Mission: sell at current highest H1 open and buy at lowest H1 open. Trading is not an exact science. Trading is more like dancing. The market always leads. {image}
Understood. This explains a lot about this strategy
  • #3,530
  • Jul 15, 2016 9:11am Jul 15, 2016 9:11am
Quoting TooSlow
{quote} No. It is not. Obviously, you have not understood the lessons. {image}
Ho TooSlow.

Would you be kind enough to tell me what is exactly wrong with the charts and notes that were posted here, that I referred to as being correct, but you have said are wrong. It will not only be of assistance to me, but also to the original poster of the question, Orestebufalo and his question about his understanding of the strategy...."I apologize. I will see if I have understood the strategy. I'm studying and I find it really exciting" (post 3479 for your ref)

This first chart is on the H1 time frame identifying an area of interest between the Daily High and the Highest H1 Open. That's what I see, anyway.

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The second chart is the M15 and indicates the same area of interest, and the same daily high and the same H1 open. It also indicates the entry price and that a market or sell stop entry would be taken at that price. And then indicates with a downward arrow, how price then moved away, and into potential profit.


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Again, a question about his understanding of the strategy.
I have taken the liberty to add some notes to the original chart to try and assist you. Please advise what I have gotten so wrong.
Thankyou
  • #3,531
  • Jul 15, 2016 9:17am Jul 15, 2016 9:17am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,532
  • Jul 15, 2016 9:19am Jul 15, 2016 9:19am
Quoting MichaelG
{quote} Ho TooSlow. Would you be kind enough to tell me what is exactly wrong with the charts and notes that were posted here, that I referred to as being correct, but you have said are wrong. It will not only be of assistance to me, but also to the original poster of the question, Orestebufalo and his question about his understanding of the strategy...."I apologize. I will see if I have understood the strategy. I'm studying and I find it really exciting" (post 3479 for your ref) This first chart is on the H1 time frame identifying an area of interest...
You're second chart says "candle H1" but you say it is a M15 chart.
If it is a M15 chart, then it is OK.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,533
  • Jul 15, 2016 9:22am Jul 15, 2016 9:22am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,534
  • Jul 15, 2016 9:25am Jul 15, 2016 9:25am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,535
  • Jul 15, 2016 9:26am Jul 15, 2016 9:26am
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Rule #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,536
  • Jul 15, 2016 9:28am Jul 15, 2016 9:28am
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Rule #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,537
  • Jul 15, 2016 9:34am Jul 15, 2016 9:34am
Quoting TooSlow
{quote} You're second chart says "candle H1" but you say it is a M15 chart. If it is a M15 chart, then it is OK.

He was identifying on the M15 where the H1 candle was that "held" the highest H1 open?
Is that all the basis of what your response was to me was?
Quote...

No.
It is not.
Obviously, you have not understood the lessons.
  • #3,538
  • Jul 15, 2016 9:49am Jul 15, 2016 9:49am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,539
  • Jul 15, 2016 9:50am Jul 15, 2016 9:50am
Quoting MichaelG
{quote} He was identifying on the M15 where the H1 candle was that "held" the highest H1 open? Is that all the basis of what your response was to me was? Quote... No. It is not. Obviously, you have not understood the lessons.
Yes.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,540
  • Jul 15, 2016 9:51am Jul 15, 2016 9:51am
Waiting
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The quality of your life is brought about by the quality of your thinking.
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