Highest Open / Lowest Open Trade

Not long after I joined this thread, I shared my thoughts on a good way to get a feel for what is going on. It was well received, I think, so perhaps would be useful to repeat the pertinent points:

Take a deep breath.

Open up ONE new pair, MAX of three - Cable will do but you can use any one. H1 chart. Try and find a pair that are ''bouncing about'' lately through the week.

Clear everything off it. Leave only BAR chart, green. No up or down colours. Stick on a horizontal line.

Pick a day and put the line through the first open of that day. Now spend the time watching as the price moves up and through that line and back down again. Every time a new Higher Open is formed, move the line up to that Higher Open - repeat.

Once you feel you've got it. Stick on another line. This one is the Low line. Do exactly the same for the lows as you spent the day (or more) doing with the Highs.

At this point, don't even think about where entries would be, dropping down to the M15 or M5, none of that - just ​watch and learn how price moves up and down through these lines. ​Trust me, you will have a ''lightbulb moment''.

NOW go read Post#1 and the rules again and go watch your naked chart again.

Get it?

Once you feel you do, ''get it'' - and I spent a good few days just doing that - when you get a price move across one of your lines, drop that same chart down to M15 and wait till a bar opens in that trigger zone. If this happens, you would be ready to place your order at the line. If it doesn't - you wait for another opportunity...and from there, you can start to add the indicator version you prefer and take it from there. However any time you feel overwhelmed, simply go back to the naked chart.

Below is an example of how it would look with both H and L marked.

Man, oh, man...looks like I missed a lot of fun times today!

Fifth trade of my 10 trades challenge. AJ +5. Again, on these high volatile pairs, I'm better off not using a small trailing but a TP>10 pips.

Possible higher M30 open, PTG

Waiting for higher H1 open.

H4 bars green 6 in a row.

hi,
can we consider this as buy?

what is the name of this indicator please

Not important at this stage of your learning this method.
Please put your understanding of this method into your own words.

Apply the rules.
What is your answer?

rnsfrd, AlexDu, ib2k14, kunz78, wzyakai, peraj, Jordi, keen246, Hamka

Please post charts.

my answer is yes, since is a 5 min bar go up h1 bar then come back and close below h1 bar then goes above h1 (from here we make a buy order )

what do you mean ? i express what i understand in prevouse replay. (do you mean by my language to discribe my understanding)?)

Hi guys,

It seems to me like there is an error on our beloved Indicator. I'm surprised nobody has commented about it. I've seen it several times.
Check the attached screenshot of GJ. The H1 Higher High is not updated when it should. As you can see on this chart, a new H1 Higher High OPEN happened like 10 minutes ago, but the indi still shows the old H1 Higher High.