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Highest Open / Lowest Open Trade

  • #5,081
  • Aug 16, 2016 6:50am Aug 16, 2016 6:50am
Quoting Eng.JMD
{quote} i am waiting for price to come back and closes below lowest open then place but stop or but maket at lowest open low and sL is the low of today
Do you understand the basis of this method?
State it in your own words.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,082
  • Aug 16, 2016 7:00am Aug 16, 2016 7:00am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,083
  • Aug 16, 2016 7:02am Aug 16, 2016 7:02am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,084
  • Aug 16, 2016 7:03am Aug 16, 2016 7:03am
Quoting TooSlow
{quote} Do you understand the basis of this method? State it in your own words.
ok. what i understand is :

1- defind the low and high from previouse day
2- find open of the highest candle (h1) and open of the lowest (h1) candle.
3- open 5min or 15min and see if price falls between the high and open high candle then place a market order or stop order in opposte direction and take + 1 BE or +BE or 10 + BE then start trail this case of high if low opposite. but when price break the high of previouse day then search for same condition and trade.

is this correct. I am learning since today i lost a good amount and i feel i am not confident and i want to master a stratigy.
Every day there is chances
  • #5,085
  • Aug 16, 2016 7:04am Aug 16, 2016 7:04am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,086
  • Aug 16, 2016 7:06am Aug 16, 2016 7:06am
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Waiting can be the hardest part.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,087
  • Aug 16, 2016 7:08am Aug 16, 2016 7:08am
Quoting TooSlow
{image} Perfect example of: {image}
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It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,088
  • Aug 16, 2016 7:08am Aug 16, 2016 7:08am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,089
  • Aug 16, 2016 7:09am Aug 16, 2016 7:09am
Quoting PippyTheGrt
{quote} {image}
BOOH?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,090
  • Aug 16, 2016 7:27am Aug 16, 2016 7:27am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,091
  • Aug 16, 2016 7:29am Aug 16, 2016 7:29am
Quoting TooSlow
{quote} BOOH?
You noticed
Red candle storming down.
Next candle storming down making a new LOTD.
Turns around and crosses M30 open.
BOOH.

Inserted Video


Or boo-hoo, depending whether you're in or not.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,092
  • Aug 16, 2016 7:34am Aug 16, 2016 7:34am
Quoting PippyTheGrt
{quote} You noticed Red candle storming down. Next candle storming down making a new LOTD. Turns around and crosses M30 open. BOOH. https://www.youtube.com/watch?v=3tvbN_CVobI Or boo-hoo, depending whether you're in or not.
BO = breakout
OH = open high.
BOOH confusing.

Video was ROAR not BOOH!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,093
  • Aug 16, 2016 7:42am Aug 16, 2016 7:42am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,094
  • Aug 16, 2016 7:44am Aug 16, 2016 7:44am
Right - I've been out since this am, what's been happening? Loads of pips?
  • #5,095
  • Aug 16, 2016 7:47am Aug 16, 2016 7:47am
Quoting TooSlow
{image} {image} {image} Need more arms. Or EA for entry and exit.
Now, now...quality over quantity, lol...
  • #5,096
  • Aug 16, 2016 7:47am Aug 16, 2016 7:47am
Quoting TooSlow
{image}
Only this apply rules on it. I enter sell and got 800 $ on this 8 pips. Just demo
Every day there is chances
  • #5,097
  • Aug 16, 2016 7:53am Aug 16, 2016 7:53am
Quoting Eng.JMD
{quote} Only this apply rules on it. I enter sell and got 800 $ on this 8 pips. Just demo
Take the 10 trade 0.01 lot challenge.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,098
  • Aug 16, 2016 7:54am Aug 16, 2016 7:54am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,099
  • Aug 16, 2016 7:55am Aug 16, 2016 7:55am
Quoting TooSlow
{quote} BO = breakout OH = open high. BOOH confusing. Video was ROAR not BOOH!
Yes, language can be a biatch.
Hence the SOCRATIC questioning
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,100
  • Aug 16, 2016 7:56am Aug 16, 2016 7:56am
Quoting TooSlow
{quote} Take the 10 trade 0.01 lot challenge.
I will. Thanks
Every day there is chances
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