My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Highest Open / Lowest Open Trade
- #4,402
- Jul 31, 2016 6:24pm Jul 31, 2016 6:24pm
- Joined Mar 2012 | Status: Trader | 14,407 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,403
- Jul 31, 2016 6:28pm Jul 31, 2016 6:28pm
- Joined Mar 2012 | Status: Trader | 14,407 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,404
- Jul 31, 2016 7:01pm Jul 31, 2016 7:01pm
- Joined Mar 2012 | Status: Trader | 14,407 Posts
The Market Tells Traders When They Are Wrong
The market will tell the speculator when he is wrong, because he is losing money. When he first realized he is wrong is the time to clear out, take his losses, try to keep smiling, study the record to determine the cause of his error, and await the next big opportunity. It is the net result over a period of time in which he is interested.
https://jesse-livermore.com/trading-errors.html
Livermore The Sucker – Part 1
It was only after going broke twice and then making much less profit in a raging bull market than he would have expected to that Livermore realized he was trading like a sucker. He was losing his profit because he was trading every day for the sake of trading. This, he realized, made him a “Wall Street Fool”.
Livermore The Sucker – Part 2
Another occasion when Livermore was suckered was when he broke one of his cardinal rules – the rule that said he should think for himself rather than accepting tips from other people.
Livermore The Sucker – Part 3
When Livermore lost much of his fortune in the cotton market he concluded that he had not just been a sucker, he had been a super-sucker. On this occasion he broke two of his cardinal rules. Firstly, he let someone else’s apparently brilliant analysis of a situation influence his trading decisions; then he increased his stake in a position that was showing him a loss while selling a position that was showing him a profit.
https://jesse-livermore.com/trading-...s-suckers.html
The market will tell the speculator when he is wrong, because he is losing money. When he first realized he is wrong is the time to clear out, take his losses, try to keep smiling, study the record to determine the cause of his error, and await the next big opportunity. It is the net result over a period of time in which he is interested.
https://jesse-livermore.com/trading-errors.html
Livermore The Sucker – Part 1
It was only after going broke twice and then making much less profit in a raging bull market than he would have expected to that Livermore realized he was trading like a sucker. He was losing his profit because he was trading every day for the sake of trading. This, he realized, made him a “Wall Street Fool”.
Livermore The Sucker – Part 2
Another occasion when Livermore was suckered was when he broke one of his cardinal rules – the rule that said he should think for himself rather than accepting tips from other people.
Livermore The Sucker – Part 3
When Livermore lost much of his fortune in the cotton market he concluded that he had not just been a sucker, he had been a super-sucker. On this occasion he broke two of his cardinal rules. Firstly, he let someone else’s apparently brilliant analysis of a situation influence his trading decisions; then he increased his stake in a position that was showing him a loss while selling a position that was showing him a profit.
https://jesse-livermore.com/trading-...s-suckers.html
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,405
- Jul 31, 2016 7:04pm Jul 31, 2016 7:04pm
{quote} Different than what? Please post a chart showing the differences and the negative affects they have on trading this method. Thank you.
My data:
Your data:
My chart information on live account, GMT +0 (everything set on.. notice the higher and lower opens are missing):
- #4,406
- Jul 31, 2016 7:08pm Jul 31, 2016 7:08pm
{quote} Here's an example. I think the indicator is using server time and not GMT time.. so it's not even drawing higher / lower opens for me right now. There is a three hour delta between your server time and mine (you are +3) and I bet when my server time passes 0:05 it will start drawing the proper higher / lower open lines on my platform (first 5 min at 0:05, then 15 min at 0:15, then 30 at 0:30, etc.). That was my point in asking to incorporate a variable in the indicator to allow it to use a specified GMT starting time for the daily open....
- #4,407
- Jul 31, 2016 8:34pm Jul 31, 2016 8:34pm
- Joined Mar 2012 | Status: Trader | 14,407 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,408
- Jul 31, 2016 8:36pm Jul 31, 2016 8:36pm
- Joined Mar 2012 | Status: Trader | 14,407 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,409
- Jul 31, 2016 8:39pm Jul 31, 2016 8:39pm
- Joined Mar 2012 | Status: Trader | 14,407 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,410
- Edited 9:17pm Jul 31, 2016 8:43pm | Edited 9:17pm
- Joined Mar 2012 | Status: Trader | 14,407 Posts
{quote} As predicted, at 0:05 server time the 5 min higher open is now appearing. {image}
Please post a daily chart.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,411
- Jul 31, 2016 9:16pm Jul 31, 2016 9:16pm
- Joined Mar 2012 | Status: Trader | 14,407 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,413
- Jul 31, 2016 11:32pm Jul 31, 2016 11:32pm
- Joined Mar 2012 | Status: Trader | 14,407 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,414
- Aug 1, 2016 3:28am Aug 1, 2016 3:28am
I want to say thank you to tooslow for this wonderful strategy. I don't know why, but it works 
I try now since 3 weeks this strategy and I have to say it's really easy and profitable. The biggest failure I made was to use wrong money management as well as not move sl to be fast enough. Because of this failure I had 2 losses. But only 2 all other trades were small winners. So out of maybe 20 trades there were only 2 losses, and they where only because of my fault and small experience. My account is now up 25 % only with this strategy. Thank you again tooslow and all the others. Kind regards Ben
I try now since 3 weeks this strategy and I have to say it's really easy and profitable. The biggest failure I made was to use wrong money management as well as not move sl to be fast enough. Because of this failure I had 2 losses. But only 2 all other trades were small winners. So out of maybe 20 trades there were only 2 losses, and they where only because of my fault and small experience. My account is now up 25 % only with this strategy. Thank you again tooslow and all the others. Kind regards Ben
- #4,419
- Aug 1, 2016 4:38am Aug 1, 2016 4:38am
- Joined Jan 2008 | Status: Always do whatever's next. | 788 Posts
I want to say thank you to tooslow for this wonderful strategy. I don't know why, but it works
Post some charts when you feel like it
It takes courage to grow up and become who you really are - E.E. Cummings
- #4,420
- Edited 5:08am Aug 1, 2016 4:40am | Edited 5:08am
- Joined Jan 2008 | Status: Always do whatever's next. | 788 Posts
Unless you use M30 instead of H1.
If your rule 1 is "no entry on M30, M15 or M5 Breakout Bars" then it is a long entry.
What was it again the man said ? Something with adapt to your own style or something
If your rule 1 is "no entry on M30, M15 or M5 Breakout Bars" then it is a long entry.
What was it again the man said ? Something with adapt to your own style or something
It takes courage to grow up and become who you really are - E.E. Cummings