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Highest Open / Lowest Open Trade

  • #4,381
  • Jul 30, 2016 3:16pm Jul 30, 2016 3:16pm
Quoting PippyTheGrt
{quote} I was wondering if the chart on your MT4 platform is different but I found the misunderstanding. The H1 HO is 1.11791 on my chart. That is the entry on my chart according to your rules. My chart is an M5 chart with the H1 HO drawn on it. Your arrow refers to the M5 HO entry on an M5 chart, my entry to H1 HO on the M5 chart. The second chart I posted was your 18:05 M5 horizontal line on an M1 chart.
OK.
Mystery solved.
Cheers, mate
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,382
  • Jul 30, 2016 5:53pm Jul 30, 2016 5:53pm
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Do not study.
Look for clues.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,383
  • Jul 30, 2016 5:54pm Jul 30, 2016 5:54pm
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Do not study.
Look for clues.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,384
  • Jul 30, 2016 5:55pm Jul 30, 2016 5:55pm
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Do not study.
Look for clues.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,385
  • Jul 30, 2016 5:56pm Jul 30, 2016 5:56pm
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Do not study.
Look for clues.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,386
  • Jul 30, 2016 5:57pm Jul 30, 2016 5:57pm
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Does chart period really matter?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,387
  • Jul 30, 2016 11:56pm Jul 30, 2016 11:56pm
Quoting TooSlow
{quote} Welcome to the thread, luvene. why do I have to use H4 timeframe and M15 timeframe? They give you clues. For as far I understood we are using H1, D1 and for opening the trade M5, right? We use H1 highest/lowest opens. We use D1 open, high and low. Price is the same on all time frames. Please tell me what do I miss? A lot. Almost everything. Until you read the thread.
Yes my friend, you're absolutely right. However, all the info is overwhelming me. It looks like easy but it isn't as far I can see now......

I am going to start reading the whole thread, each day 10 pages, maybe some more. You can't do this in one or two days, yes you can but when you do I think you miss the point. If I have new questions after that, I let you know. Thank you!
Keep it simple without too many crappy indicators!
  • #4,388
  • Jul 31, 2016 2:41am Jul 31, 2016 2:41am
Hallo Mizi123,
Thank you very mutch for your documentation file. Makes everything clear. Very good work and thanks again.
Piet C.
  • #4,389
  • Jul 31, 2016 2:52am Jul 31, 2016 2:52am
Quoting PippyTheGrt
A horizontal line is a horizontal line. It doesn't make a difference where exactly the horizontal line is located. It is an illusion to think that just because price has made a daily high, and you happened to place a horizontal line somewhere based on that fact, that that particular high is going to be the final daily high and won't be outdone by a higher daily high. The market doesn't give one hoot about what significance you attach to a horizontal line. Only you might make that mistake. "This horizontal line is resistance" - market doesn't care....
Very good words.............. you're right.........
Keep it simple without too many crappy indicators!
  • #4,390
  • Jul 31, 2016 4:11am Jul 31, 2016 4:11am
Quoting TooSlow
RESISTANCE It has been stated the hardest thing about this method is the waiting. This may not be accurate. Waiting is actually easy. Nothing to do. Just wait. It is your resistance to waiting that causes the problem. Anxiety: a feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome. desire to do something, typically accompanied by unease. What about trading causes you anxiety? When trading produces anxiety, the outcome usually is not in your favor. There is nothing to worry about. When...
This may not be totally accurate, but it has merit. If a trader does not have the patience to let the trade develop according to the rules as stated, then they
will surely fail. Yes there are many things one can do to overcome the waiting factor, but many will not do those thing & will move on to something
else. TooSlow I am sure you're aware of the Turtle Traders, but for those of you who are not, research this group of traders. Many of those that failed
did so because they did not have the patience to follow the rules as they had be taught by the founder of the trading group Richard Dennis. Those that did
follow the rules were successful. This method of trading like any other will only be successful to those that have the patience to follow the rules as they have
been described by you & including any other rules attached along the way. TooSlow with the method you have shared here you are truly teaching traders how
to fish, but you can't do it for them. It is up to each individual trader to be patient & use the rules as they have been put forth. Is this method simple? YES.
Is it hard? NO if you follow the rule & be patient letting the trade develop & come to you. After many years of trading these are just my views & nothing more.
They are in NO way meant to disrespect, or argue with anyone. This method as well any other methods will be what you take & make of it. I will say it is one
of the best I have seen in many years. I wish the best to everyone.
  • #4,391
  • Jul 31, 2016 4:21am Jul 31, 2016 4:21am
Quoting acetrader
{quote} This may not be totally accurate, but it has merit. If a trader does not have the patience to let the trade develop according to the rules as stated, then they will surely fail. Yes there are many things one can do to overcome the waiting factor, but many will not do those thing & will move on to something else. TooSlow I am sure you're aware of the Turtle Traders, but for those of you who are not, research this group of traders. Many of those that failed did so because they did not have the patience to follow the rules as they had be taught...
totally agree!
By my side... while waiting... I have other 2 strategies which I work with, so I will not certainly get bored
90% of traders use TA, indicators and prediction
  • #4,392
  • Jul 31, 2016 6:02am Jul 31, 2016 6:02am
Quoting _BBKing_
{quote} totally agree! By my side... while waiting... I have other 2 strategies which I work with, so I will not certainly get bored

I am doing the same thing my friend. Trading a method that has worked well for me along with this method. In
many ways this method "Highest Open / Lowest Open Trade" is a better fit for me. Its all about following the
rules & the patience to do so. Let the trade develope & come to you. Good trades to you my friend.
  • #4,393
  • Jul 31, 2016 7:07am Jul 31, 2016 7:07am
Quoting acetrader
{quote} I am doing the same thing my friend. Trading a method that has worked well for me along with this method. In many ways this method "Highest Open / Lowest Open Trade" is a better fit for me. Its all about following the rules & the patience to do so. Let the trade develope & come to you. Good trades to you my friend.
It fits also for me! That's the point in every kind of strategy or system: one has to find out what is better depending on personality, attitude, etc...
Thanks and good trades to you too
90% of traders use TA, indicators and prediction
  • #4,394
  • Jul 31, 2016 9:22am Jul 31, 2016 9:22am
Quoting _BBKing_
{quote} totally agree! By my side... while waiting... I have other 2 strategies which I work with, so I will not certainly get bored
Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,395
  • Jul 31, 2016 9:23am Jul 31, 2016 9:23am
Quoting acetrader
{quote} I am doing the same thing my friend. Trading a method that has worked well for me along with this method. In many ways this method "Highest Open / Lowest Open Trade" is a better fit for me. Its all about following the rules & the patience to do so. Let the trade develope & come to you. Good trades to you my friend.
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,396
  • Jul 31, 2016 9:24am Jul 31, 2016 9:24am
Quoting _BBKing_
{quote} It fits also for me! That's the point in every kind of strategy or system: one has to find out what is better depending on personality, attitude, etc... Thanks and good trades to you too
Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,397
  • Jul 31, 2016 9:25am Jul 31, 2016 9:25am
Quoting luvene
{quote}Yes my friend, you're absolutely right. However, all the info is overwhelming me. It looks like easy but it isn't as far I can see now...... I am going to start reading the whole thread, each day 10 pages, maybe some more. You can't do this in one or two days, yes you can but when you do I think you miss the point. If I have new questions after that, I let you know. Thank you!
Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,398
  • Jul 31, 2016 9:27am Jul 31, 2016 9:27am
“Always be yourself, express yourself, have faith in yourself, do not go out and look for a successfull personality and duplicate it.”

“Use only that which works, and take it from any place you can find it.”

“Not being tense but ready.
Not thinking but not dreaming.
Not being set but flexible.
Liberation from the uneasy sense of confinement.
It is being wholly and quietly alive, aware and alert, ready for whatever may come.”

- Bruce Lee
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,399
  • Jul 31, 2016 3:30pm Jul 31, 2016 3:30pm
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“Use only that which works, and take it from any place you can find it.” - Bruce Lee
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,400
  • Jul 31, 2016 3:32pm Jul 31, 2016 3:32pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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