Highest Open / Lowest Open Trade

It is a gap!
Look at Friday close, Monday open.

Easy to see gaps on daily and weekly charts.

M5 highest/lowest open lines added.

Higher open lines should be different color than lower open lines.

Ah! cool, thanks Too Slow. So what is "wrong" with the gap? Is playing the gap fill the more prudent move or is the one going in the direction of the gap?

Thank you

strat·e·gy
ˈstradəjē/
noun

1. a plan of action or policy designed to achieve a major or overall aim.
   "time to develop a coherent economic strategy"
   synonyms:master plan, grand design, game plan, plan (of action), action plan, policy, program;More
   1. the art of planning and directing overall military operations and movements in a war or battle.
      synonyms:the art of war, (military) tactics"military strategy"
   2. a plan for military operations and movements during a war or battle.
      "nonprovocative defense strategies"

tac·tic
ˈtaktik/
noun

1. an action or strategy carefully planned to achieve a specific end.
   synonyms:strategy, scheme, stratagem, plan, maneuver; More
   1. the art of disposing armed forces in order of battle and of organizing operations, especially during contact with an enemy.

Sometimes words and definitions are unclear.

Sun Tzu Strategy Lesson One
Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.

Sun Tzu Lesson Two
“If you know the enemy and know yourself, you need not fear the result of a hundred battles”

Sun Tzu strategy lesson number three
“The natural formation of the country is the soldier’s best ally”

Sun Tzu strategy lesson four
“The general who wins the battle makes many calculations in his temple before the battle is fought. The general who loses makes but few calculations beforehand.”

Sun Tzu strategy lesson five
“There are not more than five musical notes, yet the combinations of these five give rise to more melodies than can ever be heard.”

Sun Tzu strategy lesson number six
“The quality of decision is like the well-timed swoop of a falcon which enables it to strike and destroy its victim.”

Sun Tzu strategy lesson seven
“Opportunities multiply as they are seized.”

http://www.davidbrim.com/sun-tzu-lessons-on-strategy/

If you have not read post #1, please go back and start from the beginning.

The is PHASE TWO TERRITORY.


Our strategy:
take advantage of reversals from daily extremes.

Our tactic:
enter at highest/lowest opens.

The chart showed a gap.
That is what is "wrong" with the chart.
The gap "needs" to be filled.
Trade with caution.

Adding on at each highest open could be another tactic.

Sun Tzu strategy lesson seven
Opportunities multiply as they are seized.

TooSlow
Why are you changing your original strategy based on H1 adding H4, M5 etc..?
Are you just experimenting or what?
Regards.
Merka

Colors fixed

You are making an assumption.
What is the name of this thread?



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