Attachments: Highest Open / Lowest Open Trade

Highest Open / Lowest Open Trade

#4,061
Jul 24, 2016 6:32am Jul 24, 2016 6:32am

kleybenny
Joined Apr 2014 | Status: learning... | 510 Posts

And: of course it's clear, what depends the rules on post one.... I'm no idiot. The rules are clear and easy, buy low open and sell high open... But that wasn't the question. The question was: why sometimes I or other traders take a trade but you not. And we all have the same rules. Why you don't take the losing trades? And again: is there are no clear rules, than its only gambling or experience. But than it has to be communicated....

hour this helpd to understand why it is sometimes for most of people not easy to follow something....

#4,062
Jul 24, 2016 9:45am Jul 24, 2016 9:45am

TooSlow
Joined Mar 2012 | Status: Trader | 14,338 Posts

Quoting kleybenny

Disliked

{quote} 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...

Ignored

kleybenny, there are distinctions between beliefs, observations, assumptions and facts.

Reality is what we take to be true, pioneering physicist David Bohm asserted in 1977. What we take to be true is what we believe. What we believe is based upon our perceptions. What we perceive depends on what we look for. What we look for depends on what we think. What we think depends on what we perceive. What we perceive determines what we believe. What we believe determines what we take to be true. What we take to be true is our reality.
https://www.brainpickings.org/2016/0...contradiction/

Perhaps you cannot see the fallacy in your assertion:

IS IT POSSIBLE TO BE PROFITABLE IN FOREX WITH KNOWLEDGE WHICH IS PROVABLE AND CAN BE VERIFIED AGAIN AND AGAIN? THEN it is trading. If it is not possible, than its gambling.

There would be no more trading if your assertion held true because no one would take the losing side.

This method is simple.
This method is clear.
This method becomes easy with practice.

Do you dance, kleybenny?
How did you learn to dance?
How long did it take you to learn how to dance?
Are you a good dancer?
Is it easy?
When you dance, do you think about it?
Can you teach someone how to dance?
Can someone learn how to dance by reading in a dance forum?
Can someone learn how to dance without actually dancing?
Will they dance correctly the first time?
How long must they practice?

Not a dancer?
Do you drive a vehicle?
How did you learn to drive?
How long did it take you to learn how to drive?
Are you a good driver?
Is it easy?
When you drive, do you think about it?
Can you teach someone how to drive?
Can someone learn how to drive by reading in a drive forum?
Can someone learn how to drive without actually driving?
Will they drive correctly the first time?
How long must they practice?

I only don't understand why ask this philosophic phrases and ideas are necessary

Humans trade.
And computers trade.
Computers are programmed by humans.
Philosophic phrases should be a reminder humans are involved in trading.
Human nature is evident in trading.
Human nature can work for you or work against you.

Holding on to false beliefs and fallacies will work against you.
Let go.

But that doesn't tell me when to sell and when to buy, when to take profit and when to take a loss.

When you drive, there may be signs or signals telling you to stop.
You stop.
You go when it is your turn.
But it is your responsibility to make sure it is safe to go even though it is your turn.
Failure to do so could result in your death.

Or there may not be a sign or signal.
When you see a hazard, you slow down and avoid the hazard.
Or you stop and wait for the hazard to remove itself.

Sometimes things are as they "should be" and you drive without interruption.
Sometimes the drive may be a nightmare due to things beyond your control.
Doesn't this sound more like trading?

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#4,063
Jul 24, 2016 9:58am Jul 24, 2016 9:58am

TooSlow
Joined Mar 2012 | Status: Trader | 14,338 Posts

Quoting kleybenny

Disliked

And: of course it's clear, what depends the rules on post one.... I'm no idiot. The rules are clear and easy, buy low open and sell high open... But that wasn't the question. The question was: why sometimes I or other traders take a trade but you not. And we all have the same rules. Why you don't take the losing trades? And again: is there are no clear rules, than its only gambling or experience. But than it has to be communicated.... hour this helpd to understand why it is sometimes for most of people...

Ignored

The reason I take a trade or not does not matter.
You are not looking at the entire picture.
You did not ask, "Why didn't you take the winning trades?"
Why didn't you ask that question?

The assumption is people read a thread to learn and understand what that thread has to offer (trollers excluded).
Have you taken the 10 trade challenge?
If not, why not?
If yes, did you follow the rules exactly?
If not, why not?
If yes, what were your results.

You will only learn this method by trading this method.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#4,064
Jul 24, 2016 10:43am Jul 24, 2016 10:43am

TooSlow
Joined Mar 2012 | Status: Trader | 14,338 Posts

Definition of 'Heisenberg Uncertainty Principle'
In quantum mechanics, the Heisenberg uncertainty principle states by precise inequalities that certain pairs of physical properties, like position and momentum, cannot simultaneously be known to arbitrary precision. That is, the more precisely one property is known, the less precisely the other can be known.

When applied to trading this means that your action in the market had an impact on the outcome of the market for that day and your inaction would have also had an impact. So if you are back testing a trading strategy you make the (invalid) assumption that you could have bought or sold a stock or future at a given price and the market would have continued as it had done and you would have made a certain profit or loss. However, your action in the market could have influenced where the market traded to invalidating your back tested results.

http://www.mypivots.com/dictionary/d...inty-principle

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#4,065
Jul 24, 2016 10:44am Jul 24, 2016 10:44am

_BBKing_
Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts

Quoting kleybenny

Disliked

{quote} 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....

Ignored

Hello

just saaw your post and wanted to say 1 thing:
trading is not mathematics. Otherwise everyone would be ridiculously rich.
trading is interpretation and yes.. somehow an art. The essence is: on every single fraction of a pip, there is someone buying, someone selling, someone willing to buy lower and someone willing to sell higher. If was pure mathematic, we would have 2 levels and price going up-down furiously on those 2 levels 3-4 trillions times per day.

90% of traders use TA, indicators and prediction

#4,066
Jul 24, 2016 11:04am Jul 24, 2016 11:04am

TooSlow
Joined Mar 2012 | Status: Trader | 14,338 Posts

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Keep this method in mind.

What observations can you make about the charts?
What is obvious?
How can you use these observations in your trading?

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#4,067
Jul 24, 2016 11:09am Jul 24, 2016 11:09am

TooSlow
Joined Mar 2012 | Status: Trader | 14,338 Posts

Quoting _BBKing_

Disliked

{quote} Hello just saaw your post and wanted to say 1 thing: trading is not mathematics. Otherwise everyone would be ridiculously rich. trading is interpretation and yes.. somehow an art. The essence is: on every single fraction of a pip, there is someone buying, someone selling, someone willing to buy lower and someone willing to sell higher. If was pure mathematic, we would have 2 levels and price going up-down furiously on those 2 levels 3-4 trillions times per day.

Ignored

Is light a wave?
Or a particle?

Wave–particle duality is the concept that every elementary particle or quantic entity may be partly described in terms not only of particles, but also of waves. It expresses the inability of the classical concepts "particle" or "wave" to fully describe the behavior of quantum-scale objects.

Is trading math?
Is trading art?
Can trading be both?
Is trading neither?

Do not waste time discussing the non-essential.

What is essential is how to use what you observe to bank pips.
In Forex trading, nothing else is essential.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#4,068
Jul 24, 2016 11:22am Jul 24, 2016 11:22am

TooSlow
Joined Mar 2012 | Status: Trader | 14,338 Posts

Fixed previous day lines.

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smHiLoOpen Lines_v1.2.mq4 25 KB | 603 downloads

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#4,069
Jul 24, 2016 12:39pm Jul 24, 2016 12:39pm

PippyTheGrt
Joined Jan 2008 | Status: Always do whatever's next. | 788 Posts

There was a reason why Bruce Lee was the best.

Ponder about that for a while.

What has that to do with trading you ask ?

I hope those who don't know will find out.

Un-learning is one of the most difficult things to do. It is like peeling off an onion, layer by layer. It may make you cry at times, even. That is because our ego is a collection of beliefs. Beliefs that have been hard-coded into our minds over and over and over again. If someone turns up and says something contrary to a belief one holds, as can be witnessed many times in this thread, then the reptile brain reacts in agony - "don't change me". But, what is the sensible thing to do if (a) belief(s) one holds are not making you money trading forex in this case ? Does one a) hang on to that belief, or b) change it/them ?

"Whatever it takes" comes to mind.

Because not doing so would be an incarnation of the very concept of insanity.

It takes courage to grow up and become who you really are - E.E. Cummings

#4,070
Jul 24, 2016 3:35pm Jul 24, 2016 3:35pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,338 Posts

For many, the world of trading is flat.

Quoting PippyTheGrt

Disliked

There was a reason why Bruce Lee was the best. Ponder about that for a while. What has that to do with trading you ask ? I hope those who don't know will find out. Un-learning is one of the most difficult things to do. It is like peeling off an onion, layer by layer. It may make you cry at times, even. That is because our ego is a collection of beliefs. Beliefs that have been hard-coded into our minds over and over and over again. If someone turns up and says something contrary to a belief one holds, as can be witnessed many times in this thread,...

Ignored

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#4,071
Edited 7:16pm Jul 24, 2016 5:54pm | Edited 7:16pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,338 Posts

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The input TextPostion is what you need to change when you move the bars closer together.
TextPostion = 7 is what is used for this chart.

Please post a chart after you download the template.

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