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Highest Open / Lowest Open Trade

  • #3,981
  • Jul 22, 2016 8:16am Jul 22, 2016 8:16am
Quoting TooSlow
{quote} 1. How we decide, is the sl too far away or not? Because for example, when my sl is 20 pips away, but I take mostly profit at only 5 or 10 pips, than the r:r ratio is not so good. Is that important? Or do you trade every setup doesnt matter how far the sl is? Because sl is daily low or high and can be far away. Empty your mind. Leave behind all that you have learned about trading. Most of it does not work for you. The stop loss is never to far or too close. The stop loss is where it is. Enter the trade at the appropriate level when price...
Thank you very much. You are right, that's the next think I will do, read the whole threat. I really like this method. It's really easy I will do my home work, and than posting here my results Kind regards and have a great weekendBen
  • #3,982
  • Jul 22, 2016 8:53am Jul 22, 2016 8:53am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,983
  • Jul 22, 2016 9:05am Jul 22, 2016 9:05am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,984
  • Jul 22, 2016 9:07am Jul 22, 2016 9:07am
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keen246, sulymans, kleybenny, gastonbrmex, valter, archishard, bubincka, Boulderr, florin0302, cobra40, Invisible

Ok it is time for you to start posting charts.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,985
  • Edited 9:44am Jul 22, 2016 9:25am | Edited 9:44am
Hello guys,
the new 15M candle opened below the H1Lower but I couldn't open the trade at the correct level because it was between the spread.
I am messing up a lot since this morning (GMT+1) but I like this system.
Thanks TooSlow

Edit: SL hit
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM15-.png Size: 55 KB
  • #3,986
  • Jul 22, 2016 9:27am Jul 22, 2016 9:27am
Quoting valter
Hello guys, the new 15M candle opened below the H1Lower but I couldn't open the trade at the correct level because it was between the spread. I am messing up a lot since this morning (GMT+1) but I like this system. Thanks TooSlow {image}
You are not using the latest version of the indicator.
Glad you banked pips.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,987
  • Jul 22, 2016 9:36am Jul 22, 2016 9:36am
Quoting TooSlow
{quote} You are not using the latest version of the indicator. Glad you banked pips.
I simplyfied the indicator for now otherwise I am not able to read the chart.
Later I will add more elements.
As you saw this morning I took another long that gave me a profit on AUDNZD.
  • #3,988
  • Jul 22, 2016 9:37am Jul 22, 2016 9:37am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,989
  • Jul 22, 2016 9:38am Jul 22, 2016 9:38am
Quoting valter
{quote} I simplyfied the indicator for now otherwise I am not able to read the chart. Later I will add more elements. As you saw this morning I took another long that gave me a profit on AUDNZD.
Well done

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,990
  • Jul 22, 2016 9:39am Jul 22, 2016 9:39am
This morning I took another profit on NZDUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 65 KB
  • #3,991
  • Jul 22, 2016 9:46am Jul 22, 2016 9:46am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,992
  • Jul 22, 2016 9:46am Jul 22, 2016 9:46am
Long EURUSD

Edit: SL hit
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 72 KB
  • #3,993
  • Jul 22, 2016 9:47am Jul 22, 2016 9:47am
Quoting valter
This morning I took another profit on NZDUSD. {image}
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,994
  • Jul 22, 2016 10:22am Jul 22, 2016 10:22am
benwies, Juergenwe, cardm3n, solorik, Bungy999, Invisible, voyager2, gastonbrmex, isuru003, AlexDu, keen246, kleybenny

Need more people to post charts.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,995
  • Jul 22, 2016 10:26am Jul 22, 2016 10:26am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,996
  • Jul 22, 2016 10:42am Jul 22, 2016 10:42am
My analysis on daily, then m15 and my entry m5. Eurgbp
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBP D1.png Size: 71 KB
Click to Enlarge Name: EURGBP M5.png Size: 77 KB
Click to Enlarge Name: EURGBP M15.png Size: 104 KB
  • #3,997
  • Edited 2:37pm Jul 22, 2016 10:45am | Edited 2:37pm
Sell USDJPY.
The firts 15M candle of the current hour made a new high of the day but I entered at the second candle that didn't make a new high.
Is it correct or did I have to wait for the start of a new hour and enter only if no one 15M candle of the hour made a new high of the day ?
thanks

Edit: SL hit at BE+1. Following the rules it could have been a 10 ticks profit.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 67 KB
  • #3,998
  • Jul 22, 2016 10:49am Jul 22, 2016 10:49am
Quoting orestebufalo
My analysis on daily, then m15 and my entry m5. Eurgbp {image} {image} {image}
Very nice.

Use the inputs:

input int Shift_M5_Labels=0;
input int Shift_M15_Labels=0;
input int Shift_H1_Labels=0;
input int Shift_H4_Labels=0;
input int Shift_D1_Labels=0;

To move the labels on you chart.
Try 1 or 2 so they don't overwrite the price boxes.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,999
  • Jul 22, 2016 10:50am Jul 22, 2016 10:50am
Quoting valter
Sell USDJPY. The firts 15M candle of the current hour made a new high of the day but I entered at the second candle that didn't make a new high. Is it correct or did I have to wait for the start of a new hour and enter only if no one 15M candle of the hour made a new high of the day ? thanks {image}
The proper entry is at the highest/lowest open line.
You do not have to wait for the start of a new hour, unless you want to wait.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,000
  • Jul 22, 2016 10:51am Jul 22, 2016 10:51am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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