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Highest Open / Lowest Open Trade

  • #3,801
  • Jul 19, 2016 1:09pm Jul 19, 2016 1:09pm
Quoting TooSlow
{image} M15 highest/lowest lines added. M1 highest open >= M5 highest open >= M15 highest open >= M30 highest open >= H1 highest open >= H4 highest open M1 lowest open <= M5 lowest open <= M15 lowest open <= M30 lowest open <= H1 lowest open <= H4 lowest open How can you use this information to decide whether price is going up or going down? {file}
Is there any correct answer to this questions?
Personally I don't think we cannot predict where price is going but maybe I'm wrong.

Regards
Merka
  • #3,802
  • Jul 19, 2016 2:09pm Jul 19, 2016 2:09pm
Quoting Merka
{quote} Is there any correct answer to this questions? Personally I don't think we cannot predict where price is going but maybe I'm wrong. Regards Merka
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 44 KB


Predict?
No.
Price moves up and down.
When the opens are stacked and price starts crossing the highest/lowest open, price usually continues in the same direction.
At least continues in the same direction long enough to bank some pips.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,803
  • Jul 19, 2016 2:11pm Jul 19, 2016 2:11pm
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No need to predict.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,804
  • Jul 19, 2016 2:16pm Jul 19, 2016 2:16pm
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Price failed to reach highest open 8 times.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,805
  • Jul 19, 2016 2:31pm Jul 19, 2016 2:31pm
The Domino Effect

The Domino Effect states that when you make a change to one behavior it will activate a chain reaction and cause a shift in related behaviors as well.

http://jamesclear.com/domino-effect
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,806
  • Jul 19, 2016 3:30pm Jul 19, 2016 3:30pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,807
  • Jul 19, 2016 4:55pm Jul 19, 2016 4:55pm
Quoting TooSlow
{quote} {image} Predict? No. Price moves up and down. When the opens are stacked and price starts crossing the highest/lowest open, price usually continues in the same direction. At least continues in the same direction long enough to bank some pips.
Ok Thanks
  • #3,808
  • Jul 19, 2016 5:12pm Jul 19, 2016 5:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 44 KB


Work around to eliminate text labels overwriting each other.
Higher time frame level labels get priority.
Attached File(s)
File Type: mq4 smHiLoOpen Lines_v1.2.mq4   21 KB | 457 downloads
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,809
  • Jul 19, 2016 8:18pm Jul 19, 2016 8:18pm
Quoting slowbrain
{quote} SniperNZ You make really my day .... thanks
Hi Slowbrain and Sniper,
I went to that link you posted for that trade manager, but I think it's defunct, as I couldn't download it, and the other pages of the site are non existent.
That doesn't mean I haven't done something wrong, (probably), but if you have had the same problem, then this EA that wannalearn12 posted a while ago might help you out, and I did a "how to use" doc. for it.
Hope it helps.

Forex Trading Troll V2 How To.doc


Forex_Trading_Troll_v2(1).ex4
  • #3,810
  • Jul 19, 2016 9:37pm Jul 19, 2016 9:37pm
Quoting MichaelG
{quote} Hi Slowbrain and Sniper, I went to that link you posted for that trade manager, but I think it's defunct, as I couldn't download it, and the other pages of the site are non existent. That doesn't mean I haven't done something wrong, (probably), but if you have had the same problem, then this EA that wannalearn12 posted a while ago might help you out, and I did a "how to use" doc. for it. Hope it helps. Forex Trading Troll V2 How To.doc...
Michael

good to see you back online with us .... you are an asset to this thread .... especially for slow brain like me ....
Thanks for the link and the word document

SB
trying to make everyday the best risk/reward decisions possible
  • #3,811
  • Jul 20, 2016 12:35am Jul 20, 2016 12:35am
Hi

First real trade (with small position) on EURJPY
Attached Image (click to enlarge)
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trying to make everyday the best risk/reward decisions possible
  • #3,812
  • Jul 20, 2016 2:05am Jul 20, 2016 2:05am
GBPUSD M15
Attached Image (click to enlarge)
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  • #3,813
  • Jul 20, 2016 3:52am Jul 20, 2016 3:52am
Quoting orestebufalo
GBPUSD M15 {image}
Good job Oreste.

Did you buy it again at the H4 low?.........I have been out, so I missed it.
  • #3,814
  • Jul 20, 2016 4:27am Jul 20, 2016 4:27am
Quoting MichaelG
{quote} Good job Oreste. Did you buy it again at the H4 low?.........I have been out, so I missed it.
I'm still seeing a better place the template and do not understand and I confused. Being Italian I do not understand very well when I read you. If you could kindly give me the right template and set well. I tried to download from the group but I see that is different from your settings. Excuse me if I'm invasive and ask you this. Thank you so much for your help.

  • #3,815
  • Jul 20, 2016 4:30am Jul 20, 2016 4:30am
Quoting slowbrain
Hi First real trade (with small position) on EURJPY {image}
Hello slowbrain.What is that "FFx Hidden Manager"?Is that an EA to manage the traides?Is it free and could you share it?Regards.Merka
  • #3,816
  • Jul 20, 2016 4:31am Jul 20, 2016 4:31am
Quoting MichaelG
{quote} Good job Oreste. Did you buy it again at the H4 low?.........I have been out, so I missed it.
I HAVE LOOKED GOOD?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4.png Size: 59 KB
  • #3,817
  • Jul 20, 2016 4:49am Jul 20, 2016 4:49am
Hello Michael and welcome back.
Could you please tell me how many opportunities are you finding during the Asian season?
I'm forced to trade only during the Asian session for work reasons and usually I don't find any.
Cheers.
Merka
  • #3,818
  • Jul 20, 2016 5:51am Jul 20, 2016 5:51am
Quoting Merka
{quote} Hello slowbrain.What is that "FFx Hidden Manager"?Is that an EA to manage the traides?Is it free and could you share it?Regards.Merka
Merka

I'm using a paid version , was looking for something simpler .... but this is doing the job ...

good day
trying to make everyday the best risk/reward decisions possible
  • #3,819
  • Jul 20, 2016 6:56am Jul 20, 2016 6:56am
Candles 1, 2 and 3 are all asian sessions. The highest open of the day is still the highest h4 and h1 open as of this post.
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  • #3,820
  • Jul 20, 2016 7:08am Jul 20, 2016 7:08am
Quoting orestebufalo
{quote} I'm still seeing a better place the template and do not understand and I confused. Being Italian I do not understand very well when I read you. If you could kindly give me the right template and set well. I tried to download from the group but I see that is different from your settings. Excuse me if I'm invasive and ask you this. Thank you so much for your help.

Ciao Oreste, cercherņ di aiutarvi, ma devi essere paziente. Va bene?

I speak no Italian, only English (Australia), but I will do my best with the help of google translate of course.

Qual č la questione con il modello che č un problema.

Ciao.
Michael (Angelo)
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