Highest Open / Lowest Open Trade | Page 214 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

Highest & Lowest Open/Close Price for a Loop 3 replies

I need to highest and lowest SMA 14 replies

how to get yesterday price highest and lowest 7 replies

highest to lowest volume pairs??? 3 replies

Attachments: Highest Open / Lowest Open Trade
Exit Attachments

Highest Open / Lowest Open Trade

  • #4,261
  • Jul 28, 2016 10:16am Jul 28, 2016 10:16am
Quoting Xman43
No offense, but 10 trades do not prove that the strategy works. Since you're trading this strategy for a while, I'm sure you kept track of the profits/losses, equity etc. Why not share them? Just asking. Best to you
You are looking for certainty.
You will not find it in trading.
The only proof is the proof you discover for yourself.

Let's say I can lift 500 lbs.
I can show you how to lift.
I can show you the proper technique.
I can show you every "trick" I know.
Now that I have shown you.
Can you lift 500 lbs?
No?
Why not?
I have shown you.
So why can't you do it?

Oh but you will retort, "trading is different"?
Is it?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,262
  • Jul 28, 2016 10:43am Jul 28, 2016 10:43am
There are no shortcuts to finding what is outside the box that defines your world, which in turn defines your trading.

You don't trade the markets, you trade your "self". Your "self", not mine, not TooSlow's, nor anybody else's. Just your very own self.

Who is responsible for your "self" and the actions of "self" ?
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,263
  • Jul 28, 2016 11:06am Jul 28, 2016 11:06am
not looking for certainty.
Just asking to see your previous month track record.
Never mind.
Wishing you the best with this system.
  • #4,264
  • Jul 28, 2016 11:26am Jul 28, 2016 11:26am
"No one knows when the
market will move. No
one knows which way
the market will move.
Hi, it's Jennifer. I wanted
to share this
bad-news-good-news idea
about trading with you.
It is all speculation. We
can anticipate a news release,
an economic or world event
to make the market move,
but we don't always get it
right. It's a 50/50. Actually,
it's worse than that because
sometimes the market moves
without any apparent reason
at all! That's when everyone
says, "What just happened?
What made the market move?"
No idea.
We don't know for sure the
market will go up or down,
and more importantly, we don't
know when. Will we see price
move through our trade setup
today? Tomorrow? Maybe next
week? Maybe not at all!
Traders try and try to fine-tune
timing for trade entries but,
the truth is, no one can.
Let's add a little salt to this
wound - success in trading
is 95% timing!
Wow, now even I'm getting
depressed.
Don't be. Be relieved!
It's good news that no one
knows the timing of the
market moves, because the
pressure is off! You don't
have to figure it out,
because you can't, and
neither can the pros! (But,
don't tell them. LOL)
How can you win if 95%
of trading is about timing?
Answer: Stop focusing on
what you can't do and hone
in on what you can do.
You can identify repeatable
patterns in price action and
be ready.
If the market timing wasn't
there when you placed the trade,
then it's your job to close that
trade and be ready to get back
in when the market comes back
with better timing.
I can prove I'm right about this.
Have you ever placed a trade
and then watched it move
against you all the way to your
stop-loss? And then, right after
stopping you out, have you seen
the market turn and race to your
profit target without you?
Of course! This happens all
the time!
The bad news: you sustained a loss.
The good news: you were right
about the trade setup and direction.
The market controls timing, not us.
When I stop worrying about being
right about market timing, I'm a lot
quicker to make my next plan, my
back-up plan, my second entry plan,
or whatever it takes.
It's a relief to know that you were
right. The market is tough, so get
tougher! Pay attention, and if the
market timing is not there for you,
be expecting it to suddenly turn
back in your favor. Even if you
take a loss on the first trade, you
should be expecting the market to
turn and race back through your
setup. When you're on to that
reality, you make it back plus
enough to end in profit.
Nothing feels better than beating
the 19:1 odds! Love it!
Have a wonderful rest of your week."
- Jennifer
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,265
  • Jul 28, 2016 11:33am Jul 28, 2016 11:33am
Quoting Xman43
not looking for certainty. Just asking to see your previous month track record. Never mind. Wishing you the best with this system.
What if last month was an anomaly?
What if last month was the worst month ever?
What if last month was the best month ever?
What difference would it make to you?

Up 100%, would you follow this method?
Up 10%, would you follow this method?
Up 1%, would you follow this method?

Down 50%, would you follow this method?
Down 5%, would you follow this method?

I don't even care about last month.
It is over.
History.
Can't be changed.

I care about being ready for the next trade.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,266
  • Jul 28, 2016 12:04pm Jul 28, 2016 12:04pm
LOL
  • #4,267
  • Jul 28, 2016 1:20pm Jul 28, 2016 1:20pm
Quoting Xman43
LOL
Example.

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-07-28_2013.png Size: 103 KB


Hope this helps.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,268
  • Jul 28, 2016 1:23pm Jul 28, 2016 1:23pm
Quoting Xman43
not looking for certainty. Just asking to see your previous month track record. Never mind. Wishing you the best with this system.
Hello

I agree with various people: there is no reason to see / show past own results.

If you try tomorrow trading everyone the same instrument, with the same rules, you can bet 100.000$ we will not get the same results at the end of day.



Wanna try?
90% of traders use TA, indicators and prediction
  • #4,269
  • Jul 28, 2016 3:19pm Jul 28, 2016 3:19pm
Quoting _BBKing_
{quote} Hello I agree with various people: there is no reason to see / show past own results. If you try tomorrow trading everyone the same instrument, with the same rules, you can bet 100.000$ we will not get the same results at the end of day. Wanna try?
The "doubters" are afraid.
Fear paralyzes them.
They are too afraid to put up 0.01 lot of real money.
Instead their ego demands proof.
As if anyone on an internet forum has to prove anything to anyone.
They will spend hours flaming on internet threads.
Time which could be better spent trading this or other methods.
Anyone who has taken the time to read this thread will have seen actual trades taken by others who were not afraid.
That should be enough encouragement.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,270
  • Jul 28, 2016 3:29pm Jul 28, 2016 3:29pm
Quoting TooSlow
{quote} The "doubters" are afraid. Fear paralyzes them. They are too afraid to put up 0.01 lot of real money. Instead their ego demands proof. As if anyone on an internet forum has to prove anything to anyone. They will spend hours flaming on internet threads. Time which could be better spent trading this or other methods. Anyone who has taken the time to read this thread will have seen actual trades taken by others who were not afraid. That should be enough encouragement.
I executed my first trade in far year 2000... still today was my first trading day!
90% of traders use TA, indicators and prediction
  • #4,271
  • Jul 28, 2016 5:37pm Jul 28, 2016 5:37pm
Why do you compete in your sport? What is your ultimate athletic goal?

Herm Edwards, former NFL coach, famously stated, “You play to win.”

Whether it is to win a tournament, win a race or win a gold medal, most athletes are chasing victories.

In fact, most athletic success is judged in terms of wins and losses.

So how do athletes increase their chances of winning?

Here lies the great dilemma... I often talk about how to “focus on the process” -- as one of the keys to success.

The process is the steps you need to take in order to succeed which is primarily what you are doing in the moment.

How do elite athletes stay focused on the process instead of the result when the outcome is the primary reason they compete?

Ginny Thrasher, 19, became the first freshman rifle shooter to win both individual NCAA titles and earn a spot at the Rio Olympics in less than a month... and she won by focusing on the process.

THRASHER: "What's most attractive in rifle is the mental side of the sport. Anyone can go and hit a 10, it's not that hard. To go and shoot 10 after 10 after 10 in a big event is very hard. You have to have a mastery of the mental side, controlling your emotions, following your process and not thinking about the outcome."

Thrasher’s commitment to work on the mental part of shooting, especially focusing on the process, has paid tremendous dividends for Thrasher including her victory at the 2015 air rifle state championship, five medals at the 2015 USA Shooting national championships and her first Olympic Games berth.

When you focus on what you need to do in the present, you experience a sense of control and mastery over your performance. For that reason, being process-orientated drastically improves your confidence and who doesn’t perform better when they are brimming with confidence?

The question is what exactly is the process that Thrasher focuses on?

Thrasher, as well as many elite shooters, focuses her attention on a very specific routine: the setup, the path of the gun to the target and the feeling of mental and physical calmness to squeeze the trigger at the precise moment.

Thrasher is heading into the 2016 Rio Olympics armed with the same proven game plan: focusing strong mental preparation for each shot and not worrying about the possible outcomes.

By focusing on the process, she will give herself the opportunity to medal in Rio.

2 Top Strategies to Stay Focused on the Process:

Strategy #1: Have the mindset that focusing on execution, one play or shot at a time, will provide you with the best approach to winning.

You do this by defining your routines and what's important to focus on in the process.

Strategy #2: Define your routine or process. What routine or performance cues can you and will you follow that help you perform at your peak? And what is considered outcome thinking for you?

Keep in mind that no Olympian has ever won the gold medal by worrying about winning the gold medal.

The process is the yellow brick road that leads you to where you want to go.

Your Mental Coach,

Dr. Patrick Cohn
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,272
  • Jul 28, 2016 6:01pm Jul 28, 2016 6:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 46 KB


Anyone catch a JPY pair?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,273
  • Jul 28, 2016 6:22pm Jul 28, 2016 6:22pm
Hi,

Interesting, could help people with entries trying to trade back to transient zones.

Can you please clarify if you are entering on 5 min or H1 charts. I thought you were looking for the lowest H1 open bar to close when going long and then entering on next H1 bar. On my chart below isn't the purple H1 the lowest H1 open so you would be waiting for the bar after the blue arrowed bar to enter? Thank you for your time.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.jpg Size: 40 KB
  • #4,274
  • Jul 28, 2016 6:53pm Jul 28, 2016 6:53pm
Quoting SunSaltwater
Hi, Interesting, could help people with entries trying to trade back to transient zones. Can you please clarify if you are entering on 5 min or H1 charts. I thought you were looking for the lowest H1 open bar to close when going long and then entering on next H1 bar. On my chart below isn't the purple H1 the lowest H1 open so you would be waiting for the bar after the blue arrowed bar to enter? Thank you for your time. {image}
Welcome to the thread, SunSaltwater.
Please read the thread.
This is not about transient zones.
Chart period does not matter.
The indicator plots the highest/lowest opens you choose.

Yes, you can wait to enter.
Or, you can enter immediately.
Take the 10 trade challenge and find out what works for you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,275
  • Jul 28, 2016 7:38pm Jul 28, 2016 7:38pm
Thank you for your reply.

I honestly can't tell by your charts, do you post winners and losers? Have you ever posted a day(s) of charts for every single trade you took? Again, this is an honest question.
  • #4,276
  • Jul 28, 2016 9:37pm Jul 28, 2016 9:37pm
Quoting SunSaltwater
Thank you for your reply. I honestly can't tell by your charts, do you post winners and losers? Have you ever posted a day(s) of charts for every single trade you took? Again, this is an honest question.
Hi SunSaltwater,
this is a "how to" that I did a while ago. Have a read and see if it helps.
(Note: this was done before the introduction of the other candle open levels e.g H4, so there is nothing in this doc. that talks about those, but it might give you a general overview of what TooSlow is presenting here.)
Cheers



Attached File
HOLO THE RULES.doc
  • #4,277
  • Jul 28, 2016 11:10pm Jul 28, 2016 11:10pm
Quoting SunSaltwater
Thank you for your reply. I honestly can't tell by your charts, do you post winners and losers? Have you ever posted a day(s) of charts for every single trade you took? Again, this is an honest question.
I post charts showing setups and what happened afterwards.
Traders can choose to trade or just follow along.
I have posted a couple of actual trades.
Read the thread.
There is no substitute.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,278
  • Jul 29, 2016 2:37am Jul 29, 2016 2:37am
Got 20 pips in this USD JPY trade
late entry 103.40 target 103.60

Attached Image (click to enlarge)
Click to Enlarge Name: prov.png Size: 37 KB


while got the same instrument but different trade (executed semi auto)
good entry 103.34 (ask price) target 7 pips

Attached Image (click to enlarge)
Click to Enlarge Name: prov2.png Size: 16 KB
90% of traders use TA, indicators and prediction
  • #4,279
  • Jul 29, 2016 3:05am Jul 29, 2016 3:05am
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-07-29_0955.png Size: 73 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2016-07-29_0957.png Size: 60 KB
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,280
  • Jul 29, 2016 3:27am Jul 29, 2016 3:27am
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-07-29_1024.png Size: 80 KB
It takes courage to grow up and become who you really are - E.E. Cummings
28 traders viewing now