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Highest Open / Lowest Open Trade

  • #5,241
  • Aug 17, 2016 5:47pm Aug 17, 2016 5:47pm
Quoting courier12
{quote} Thanks Pippy....probably trying to overthink.
In a quiet moment, set up a naked chart as detailed previously . Look back over the previous week. Notice how many times the price moves up/down through the HOLO triggers. Doesn't matter a squat when it breaks the line. Rule #8

One thing this method will free you from, is overthinking.
  • #5,242
  • Aug 17, 2016 5:48pm Aug 17, 2016 5:48pm
Quoting lemercenaire
{quote} Yes, that's the situation I meant. I was just wondering how often that would happen (see above post re curiosity, lol). I am not in any way expecting you to go away and find me stats - ''Doesn't happen ''very often''...but I've seen it'', is good enough for me! Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 58 KB


M30 chart with H1 background.
Can you see it now?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,243
  • Aug 17, 2016 5:49pm Aug 17, 2016 5:49pm
Quoting lemercenaire
{quote} In a quiet moment, set up a naked chart as detailed previously . Look back over the previous week. Notice how many times the price moves up/down through the HOLO triggers. Doesn't matter a squat when it breaks the line. Rule #8 One thing this method will free you from, is overthinking.
Nothing to think about.
Only do.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,244
  • Aug 17, 2016 6:20pm Aug 17, 2016 6:20pm
00:20 UK time. All Quiet on the Western Front...will the Beast In The East shake things up later?
  • #5,245
  • Aug 17, 2016 6:43pm Aug 17, 2016 6:43pm
Quoting lemercenaire
00:20 UK time. All Quiet on the Western Front...will the Beast In The East shake things up later?
JPY news at 10 minutes till the hour.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,246
  • Aug 17, 2016 6:47pm Aug 17, 2016 6:47pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,247
  • Aug 17, 2016 6:52pm Aug 17, 2016 6:52pm
Not much movement on the news.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,248
  • Aug 17, 2016 7:27pm Aug 17, 2016 7:27pm
Quoting TooSlow
Not much movement on the news.
Attached Image
  • #5,249
  • Aug 17, 2016 9:16pm Aug 17, 2016 9:16pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,250
  • Aug 17, 2016 9:32pm Aug 17, 2016 9:32pm
Hello TS, been lurking for quite some time.Here is my 1st trade NZDUSD +5pips Beginners luck I guess forget to reduce the lot size to minimum.
Attached Image (click to enlarge)
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  • #5,251
  • Aug 17, 2016 9:33pm Aug 17, 2016 9:33pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,252
  • Aug 17, 2016 9:34pm Aug 17, 2016 9:34pm
Quoting hubby7
Hello TS, been lurking for quite some time.Here is my 1st trade NZDUSD +5pips Beginners luck I guess forget to reduce the lot size to minimum. {image}
No luck.
You did it.
Well done.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,253
  • Aug 17, 2016 9:45pm Aug 17, 2016 9:45pm
Hello TS,Could you give the template you used to us?I really appreciate it.
  • #5,254
  • Aug 17, 2016 10:06pm Aug 17, 2016 10:06pm
Quoting a58982284
Hello TS,Could you give the template you used to us?I really appreciate it.


To get the latest indicator and template file click on the attachment icon, paperclip, for this thread.

Scroll to the top of the page.
Upper right hand corner.
A little to the left of "REPLY TO THREAD", is a paperclip icon.
Click on the paperclip.
Behold!
All the attachments to this thread.
The latest template and indicator version can be found there.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,255
  • Aug 17, 2016 10:28pm Aug 17, 2016 10:28pm
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Stubborn
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,256
  • Aug 17, 2016 10:32pm Aug 17, 2016 10:32pm
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About time
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,257
  • Aug 17, 2016 11:21pm Aug 17, 2016 11:21pm
Tooslow

Regarding your experience with your system about money management i have a question:

Do you recommend to open a position with fixed lot for each position whatever the SL is, meaning that larger the SL larger will be the loss , or adapt entry size based on the distance from SL ?

SB
trying to make everyday the best risk/reward decisions possible
  • #5,258
  • Aug 18, 2016 12:11am Aug 18, 2016 12:11am
Quoting slowbrain
Tooslow Regarding your experience with your system about money management i have a question: Do you recommend to open a position with fixed lot for each position whatever the SL is, meaning that larger the SL larger will be the loss , or adapt entry size based on the distance from SL ? SB
Start with 0.01 lot size.
Then after you feel confident and comfortable, trade the size you can handle.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,259
  • Edited 12:50am Aug 18, 2016 12:34am | Edited 12:50am
another win master.. small win, but with high probability of winning i think.. CMIIW
but now i use M5 chart to capture the opened bar.. when i look at M15 chart is also opened at the same time/same price
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but because i set trailing stop 20point (min amount from the platform) i only got 4 pips profit
if the stop not triggered or i didn't set trailing stop maybe i can get more profit because the price down more
Attached Image (click to enlarge)
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any suggestion masters?
thank you ..
I Will Never Give Up
  • #5,260
  • Aug 18, 2016 12:39am Aug 18, 2016 12:39am
Quoting TooSlow
{quote} Start with 0.01 lot size. Then after you feel confident and comfortable, trade the size you can handle.

I'm not referring to lot size in fact .... but fixed or dynamic based on SL size ? which option you think is matching the trade system ?
if your number of winning trade = number of losing trades ,and your average gain is larger than your average loss, so fixed lot is preferable, but if number of winning trade is 60% or above , dynamic size could be an option to consider

thanks TS

SB
trying to make everyday the best risk/reward decisions possible
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