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Highest Open / Lowest Open Trade

  • #4,041
  • Jul 22, 2016 4:44pm Jul 22, 2016 4:44pm
Hello Everybody

My first trade using this trade system.
EURJPY (M5 chart) long at 116.449 (H4 Lower Open).
I was trailing but stopped out with 7 pips circa in the pocket.

Cheers
Merka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM5 22_07_2016.png Size: 33 KB
Click to Enlarge Name: EURJPYM5 Trade details 22_07_2016.png Size: 6 KB
  • #4,042
  • Jul 22, 2016 5:01pm Jul 22, 2016 5:01pm
Quoting TooSlow
{quote} Yes. It helps. Now, you have to let everyone in on the joke, PTG.
It's a hidden treasure for those with lots of time on their hands which should be everybody by now, after all they don't have to spend time learning a "system" with squigglies now that it is shown over and over again that a horizontal line is all you need.

Inserted Video
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,043
  • Jul 22, 2016 9:29pm Jul 22, 2016 9:29pm
Quoting PippyTheGrt
{quote} It's a hidden treasure for those with lots of time on their hands which should be everybody by now, after all they don't have to spend time learning a "system" with squigglies now that it is shown over and over again that a horizontal line is all you need. https://www.youtube.com/watch?v=RrAoo9My2gs
I am only a disciple.It is unfortunate so many fail to realize they don't need what most offer.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,044
  • Jul 23, 2016 6:01am Jul 23, 2016 6:01am
Quoting TooSlow
{quote} I am only a disciple.It is unfortunate so many fail to realize they don't need what most offer.
True. Simple does it.

Stop thinking. Start trading. Continue doing this one simple thing: draw a horizontal line and trade away from it.

"If you spend too much time thinking about a thing, you'll never get it done." - Bruce Lee.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,045
  • Jul 23, 2016 6:21am Jul 23, 2016 6:21am
From post #1:

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-07-23_1315.png Size: 26 KB


I'm in for next week. Who's joining me ?
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,046
  • Jul 23, 2016 7:41am Jul 23, 2016 7:41am
Quoting Merka
Hello Everybody My first trade using this trade system. EURJPY (M5 chart) long at 116.449 (H4 Lower Open). I was trailing but stopped out with 7 pips circa in the pocket. Cheers Merka {image} {image}
Merka, those should have been sells
  • #4,047
  • Jul 23, 2016 9:07am Jul 23, 2016 9:07am
Quoting TooSlow
{quote} 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.
I tried but it is always the same. Thanks so much for the work you do for us
  • #4,048
  • Jul 23, 2016 10:52am Jul 23, 2016 10:52am
Quoting archishard
{quote} Merka, those should have been sells
Are you 100% sure ?
According to which rules ?
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,049
  • Jul 23, 2016 11:45am Jul 23, 2016 11:45am
Quoting PippyTheGrt
{quote} Are you 100% sure ? According to which rules ?
Sorry I have misread the chart. You're were right.
  • #4,050
  • Jul 23, 2016 2:27pm Jul 23, 2016 2:27pm
Quoting archishard
{quote} Merka, those should have been sells
Hello archishard thanks for your comment but I think you have interpreted the chart wrongly.
I'm just talking about the long pending order executed because price dropped below H4[11] and on his way up triggered the pending long exactly on the line H4[11] as per the rules.

The 2 pending buy limit still on the chart were not triggered and I was not able to delete them because the market closed. That was my mistake because I did't watched the clock.

Cheers
Merka
  • #4,051
  • Jul 23, 2016 4:34pm Jul 23, 2016 4:34pm
Quoting PippyTheGrt
{quote} True. Simple does it. Stop thinking. Start trading. Continue doing this one simple thing: draw a horizontal line and trade away from it. "If you spend too much time thinking about a thing, you'll never get it done." - Bruce Lee.
Hi, what you mean exactly with horizontal line? Support, resistance?
  • #4,052
  • Jul 23, 2016 6:10pm Jul 23, 2016 6:10pm
Quoting kleybenny
{quote} Hi, what you mean exactly with horizontal line? Support, resistance?
Hello kleybenny

This strategy is not about support, resistance, trend line, etc... and what you learned in the trading books.
It's completely a different approach to trading.
Read the first post and you will understand.
The strategy in a nutshell:
Sell high
Buy low
These horizontal lines will help us to achieve that and they can be drew by hand but there is an indicator that do the job for us.

Cheers
Merka
  • #4,053
  • Jul 23, 2016 6:31pm Jul 23, 2016 6:31pm
Quoting kleybenny
{quote} Hi, what you mean exactly with horizontal line? Support, resistance?
Hi kleybenny - I mean this: http://www.mathopenref.com/coordhorizontal.html

Take any naked chart, and draw a random horizontal line.
Observe what happens with price when it approaches the line. What do you see ? (don't THINK, but observe).

This system is an implementation of that simple concept.

What do you SEE ? Observe, don't think.
https://www.pinterest.com/carlossathler/stereograms/

Things may not be what you think they are.

Attached Image
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,054
  • Jul 23, 2016 9:26pm Jul 23, 2016 9:26pm
Quoting Merka
{quote} Hello kleybenny This strategy is not about support, resistance, trend line, etc... and what you learned in the trading books. It's completely a different approach to trading. Read the first post and you will understand. The strategy in a nutshell: Sell high Buy low These horizontal lines will help us to achieve that and they can be drew by hand but there is an indicator that do the job for us. Cheers Merka
Sounds funny doesn't it?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,055
  • Jul 23, 2016 9:27pm Jul 23, 2016 9:27pm
Quoting orestebufalo
{quote} I tried but it is always the same. Thanks so much for the work you do for us
Did you use the last template I posted?
It is something in the code.
Do not know if I can figure it out.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,056
  • Jul 23, 2016 9:29pm Jul 23, 2016 9:29pm
Quoting archishard
{quote} Merka, those should have been sells
Sell at the lowest open, archishard ?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,057
  • Jul 23, 2016 9:41pm Jul 23, 2016 9:41pm
Quoting kleybenny
{quote} Hi, what you mean exactly with horizontal line? Support, resistance?
"In geometry, a horizontal line is one which runs from left to right across the page. It comes from the word 'horizon', in the sense that horizontal lines are parallel to the horizon. The horizon is horizontal. Its cousin is the vertical line which runs up and down the page."

On a trading chart, all the points of a horizontal line have the same value.
With horizontal lines, changing the chart period does not change the value of the line with the exception of values derived from a time dependent formula.
The chart periods posted in this thread may be M1, M5, M15, H1, H4, D1, etc..
The values of the highest/lowest opens do not change.

Price is either moving away from a line or towards it.
Price either crosses a line or does not cross the line.
Simple observations.

Understand?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,058
  • Jul 23, 2016 10:33pm Jul 23, 2016 10:33pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 39 KB


Added previous day highest/lowest H1 opens.
Anything you do not want on your chart can be switched off in the inputs.

Attached Image (click to enlarge)
Click to Enlarge Name: Bruce-Lee-Quote-Absorb-what-is-useful.jpg Size: 56 KB
Attached File(s)
File Type: mq4 smHiLoOpen Lines_v1.2.mq4   25 KB | 497 downloads
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,059
  • Jul 24, 2016 5:29am Jul 24, 2016 5:29am
From this very site:

Quote
Now, 2 patterns of market behaviour happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.

H. Rearden

breaks from what ?
reverses to what ?

Enquiring minds might want to know
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,060
  • Jul 24, 2016 6:25am Jul 24, 2016 6:25am
Quoting PippyTheGrt
{quote} Hi kleybenny - I mean this: http://www.mathopenref.com/coordhorizontal.html Take any naked chart, and draw a random horizontal line. Observe what happens with price when it approaches the line. What do you knowledgesee ? (don't THINK, but observe). This system is an implementation of that simple concept. What do you SEE ? Observe, don't think. https://www.pinterest.com/carlossathler/stereograms/...
What do you mean with that? This sounds for me a little bit too crazy. I think trading is mathematical and no free art isn't it? Everyone can everything interpret in everything, but that doesn't help. Clear knowledge helps. So what do you mean with horizontal line? Of course, everywhere are lines. The outside us always the same at a horizontal lines and so on.... But that doesn't tell me when to sell and when to buy, when to take profit and when to take a loss. If there are no rules and no facts and knowledge in trading than its gambling. If you show me dune crazy pictures and say: don't think, only observe its sounds for me a bit like interpretation and not like math or knowledge. So the question is more for me: IS IT POSSIBLE TO BE PROFITABLE IN FOREX WITH KNOWLEDGE WHICH IS PROOFABLE AND CAN BE VERIFIED AGAIN AND AGAIN? THAN it is trading. If it is not possible, than its gambling. And I don't like to gamble. So if you tell me look on any picture and draw a line, fits this help? please don't understand me wrong. I really like to learn and everyone has to accept friendly the ideas from others, so I really don't want to attack anything out or anyone here... I only don't understand why ask this philosophic phrases and ideas are necessary, if this method is so easy and clear???
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