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Highest Open / Lowest Open Trade

  • #3,541
  • Jul 15, 2016 9:54am Jul 15, 2016 9:54am
Quoting TooSlow
{quote} Yes.
Okay, that will do me. I am too old for games and certainly none too happy about your lack of any apology to me in any of your responses about this.
Good luck to you.
  • #3,542
  • Jul 15, 2016 9:58am Jul 15, 2016 9:58am
Quoting tooslow
{quote} your markings are in error. You do not understand at all. Have you read post #1? Look at the document/posts of michaelg. There is nothing sexy or exciting about this. Simply waiting for a new daily high or low to occur. No fancy looking indicators, only lines. One need not be very smart, only consistent, to be profitable. Many stop by to look but few return. Nothing much new from day to day, just a rerun of the same. Subscribe if you like. {image}
ok ok . Thanks and good work
  • #3,543
  • Jul 15, 2016 10:00am Jul 15, 2016 10:00am
Rule #1
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The quality of your life is brought about by the quality of your thinking.
  • #3,544
  • Jul 15, 2016 10:08am Jul 15, 2016 10:08am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,545
  • Jul 15, 2016 10:16am Jul 15, 2016 10:16am
ahhhh !! a great loss to this thread, to be honest if it had not been for MichaelG posts, I had not understood the strategy.
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  • #3,546
  • Jul 15, 2016 10:20am Jul 15, 2016 10:20am
Quoting jusiur
ahhhh !! a great loss to this thread, to be honest if it had not been for MichaelG posts, I had not understood the strategy. {image}
that's a shame! what happened there?
The quality of your life is brought about by the quality of your thinking.
  • #3,547
  • Jul 15, 2016 10:25am Jul 15, 2016 10:25am
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  • #3,548
  • Jul 15, 2016 10:27am Jul 15, 2016 10:27am
Quoting hornet
{quote} that's a shame! what happened there?
Simple misunderstanding.
Taken personally.
Blown out of proportion.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,549
  • Jul 15, 2016 10:31am Jul 15, 2016 10:31am
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  • #3,550
  • Jul 15, 2016 10:32am Jul 15, 2016 10:32am
Quoting hornet
{quote} that's a shame! what happened there?
It's really a great loss
His contribution helped a lot of newbie like me.
  • #3,551
  • Jul 15, 2016 10:34am Jul 15, 2016 10:34am
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  • #3,552
  • Jul 15, 2016 10:34am Jul 15, 2016 10:34am
Quoting Merka
{quote} It's really a great loss His contribution helped a lot of newbie like me.
He is welcome to return.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,553
  • Jul 15, 2016 10:41am Jul 15, 2016 10:41am
Quoting TooSlow
{image}
Hi TooSlow,
I am new to this thread. I have been reading the thread and trying out the method on demo. Quick question if I may. The first rule you have on your charts - "No entry on H1, M15 or M5 breakout bars", does this apply to prce making a new high/low today if it hasn't broken out of yesterday's high/low?

What I mean is say the first M5 bar in a new hour makes a new high/low for today, do I just need to let that M5 bar close before looking for a setup on the second or subsequent M5 bars or do I need to let that whole hour close before looking for a setup? If a valid setup appeared on the second M5 bar the first M15 bar would still be in play and a new high/low would have been made on that bar which had not yet closed. See recent charts from GBPUSD today.

Thanks for this great method.

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  • #3,554
  • Jul 15, 2016 10:50am Jul 15, 2016 10:50am
Quoting Nelson35a
{quote} Hi TooSlow, I am new to this thread. I have been reading the thread and trying out the method on demo. Quick question if I may. The first rule you have on your charts - "No entry on H1, M15 or M5 breakout bars", does this apply to prce making a new high/low today if it hasn't broken out of yesterday's high/low? What I mean is say the first M5 bar in a new hour makes a new high/low for today, do I just need to let that M5 bar close before looking for a setup on the second or subsequent M5 bars or do I need to let that whole hour close before...
"No entry on H1, M15 or M5 breakout bars", does this apply to prce making a new high/low today if it hasn't broken out of yesterday's high/low?

Yes.
Making a new daily high/low is a breakout.

do I need to let that whole hour close before looking for a setup?

In the beginning, yes.
After you become comfortable with the method, then you can move to M30, M15, M5 or M1.


do I just need to let that M5 bar close before looking for a setup on the second or subsequent M5 bars or do I need to let that whole hour close before looking for a setup?

When price returns to the H1 open, H1 is flat, no color.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,555
  • Jul 15, 2016 10:51am Jul 15, 2016 10:51am
Quoting Nelson35a
{quote} Hi TooSlow, I am new to this thread. I have been reading the thread and trying out the method on demo. Quick question if I may. The first rule you have on your charts - "No entry on H1, M15 or M5 breakout bars", does this apply to prce making a new high/low today if it hasn't broken out of yesterday's high/low? What I mean is say the first M5 bar in a new hour makes a new high/low for today, do I just need to let that M5 bar close before looking for a setup on the second or subsequent M5 bars or do I need to let that whole hour close before...
http://www.forexfactory.com/showthre...94#post9030694
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,556
  • Jul 15, 2016 10:57am Jul 15, 2016 10:57am
Quoting TooSlow
{quote} "No entry on H1, M15 or M5 breakout bars", does this apply to prce making a new high/low today if it hasn't broken out of yesterday's high/low? Yes. Making a new daily high/low is a breakout. do I need to let that whole hour close before looking for a setup? In the beginning, yes. After you become comfortable with the method, then you can move to M30, M15, M5 or M1. do I just need to let that M5 bar close before looking for a setup on the second or subsequent M5 bars or do I need to let that whole hour close before looking for a setup? When...
Thanks
  • #3,557
  • Jul 15, 2016 11:00am Jul 15, 2016 11:00am
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  • #3,558
  • Jul 15, 2016 11:08am Jul 15, 2016 11:08am
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  • #3,559
  • Jul 15, 2016 11:10am Jul 15, 2016 11:10am
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  • #3,560
  • Jul 15, 2016 12:59pm Jul 15, 2016 12:59pm
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