Disliked{quote} There's something underneath the high close and it is a 1-2-3. The horizontal line to use was 1.3050, the half number. Happens time and again that at/around TOTH price is pushed towards a 0025 multiple and then slammed. I wasn't trading it, just observing btw. Here's a tick chart around TOTH: {image}Ignored
Highest Open / Lowest Open Trade
- #5,163
- Edited 12:50am Aug 17, 2016 12:22am | Edited 12:50am
Example of 2 CAD losers attached. I've noticed several of these losers yesterday and today that fit the rules according to my understanding. i.e. they don't go far enough (5pips) to enable an SL move to breakeven, are not entries made on H1 breakout bars, have 5m opens in the area of interest between the H1 highest/lowest open and the Daily high/low.
I'm seeing plenty of winners as well but am wondering how one gets the v.high trade win% spoken of here if these are according to the rules?
PS. I suppose it's more correct to say 1 loser as you would only be in one of these as the 1st trade would still be active when the 2nd setup occurs, nevertheless they are both valid setups in my understanding.
I'm seeing plenty of winners as well but am wondering how one gets the v.high trade win% spoken of here if these are according to the rules?
PS. I suppose it's more correct to say 1 loser as you would only be in one of these as the 1st trade would still be active when the 2nd setup occurs, nevertheless they are both valid setups in my understanding.
- #5,165
- Aug 17, 2016 1:43am Aug 17, 2016 1:43am
Hi TooSlow, and anybody who understand this system
at first, i'm not english speaker so i'm sorry if my english is bad
i'm a newcomer and try to understand the system by practicing it
1. new daily high found (1H chart usd/jpy)
2. change tf to 15M, waiting for open bar
3. new open bar found (set the sell stop at 1H highest open)
4. triggered
5. set stop loss at daily high
6. profit (set trailing stop)
7. stop triggered, final result profit 4pips
please CMIIW, and kindly give me any suggestion for my improvement
Thank you
at first, i'm not english speaker so i'm sorry if my english is bad
i'm a newcomer and try to understand the system by practicing it
1. new daily high found (1H chart usd/jpy)
2. change tf to 15M, waiting for open bar
3. new open bar found (set the sell stop at 1H highest open)
4. triggered
5. set stop loss at daily high
6. profit (set trailing stop)
7. stop triggered, final result profit 4pips
please CMIIW, and kindly give me any suggestion for my improvement
Thank you
I Will Never Give Up
- #5,170
- Aug 17, 2016 2:30am Aug 17, 2016 2:30am
- Joined Jan 2008 | Status: Always do whatever's next. | 788 Posts
Hello to everybody. Here a recent demo trade, let's see how it works. {image}
Hello Jordi.
Thanks for posting, I can hear TooSlow say.
Awareness is key.
Which "rule" have you bent ?
It takes courage to grow up and become who you really are - E.E. Cummings
- #5,177
- Aug 17, 2016 2:54am Aug 17, 2016 2:54am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
GBPCAD To start the day...
- #5,180
- Aug 17, 2016 3:09am Aug 17, 2016 3:09am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Example of 2 CAD losers attached. I've noticed several of these losers yesterday and today that fit the rules according to my understanding. i.e. they don't go far enough (5pips) to enable an SL move to breakeven, are not entries made on H1 breakout bars, have 5m opens in the area of interest between the H1 highest/lowest open and the Daily high/low. I'm seeing plenty of winners as well but am wondering how one gets the v.high trade win% spoken of here if these are according to the rules? {image} PS. I suppose it's more correct to say 1 loser as...
