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Highest Open / Lowest Open Trade

  • #5,281
  • Aug 18, 2016 2:22am Aug 18, 2016 2:22am
Who said that, something with a couple of extra hands needed. And eyes
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,282
  • Aug 18, 2016 2:23am Aug 18, 2016 2:23am
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 such thing as beginners' luck - you know the old quote from all-time ace golfer, Arnold Palmer. When asked how he got so lucky, he replied that ''...It's funny, I've found that the more I practice, the luckier I get.''
  • #5,283
  • Aug 18, 2016 2:28am Aug 18, 2016 2:28am
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
There is a quote from an excellent article TS posted, ''Riding The Winners, Righting The Wrongs'':

''If you just use the same trade size all the time, and use the same trade size for everything in your portfolio, the results are WAY more consistent. Using different trade sizes in different situations is just inviting massive drawdowns.''
  • #5,284
  • Aug 18, 2016 2:35am Aug 18, 2016 2:35am
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It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,285
  • Aug 18, 2016 2:48am Aug 18, 2016 2:48am
NZDUSD ''Run Forrest, run!''...
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  • #5,286
  • Aug 18, 2016 2:50am Aug 18, 2016 2:50am
Quoting lemercenaire
NZDUSD ''Run Forrest, run!''... {image}
Kiwi is as kiwi does
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,287
  • Aug 18, 2016 2:56am Aug 18, 2016 2:56am
AUDCAD M1 got me in.
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  • #5,288
  • Aug 18, 2016 3:04am Aug 18, 2016 3:04am
AUDCHF Lovin' the M1 today!
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  • #5,289
  • Aug 18, 2016 3:11am Aug 18, 2016 3:11am
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It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,290
  • Aug 18, 2016 3:21am Aug 18, 2016 3:21am
AUDUSD Potential HOLO coming now instead...
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  • #5,291
  • Aug 18, 2016 3:21am Aug 18, 2016 3:21am
Hi Too Slow,

I understand Rule 1: No entry on H1, M30, M15, M5 breakout bars.

However, once price gets above / below yesterday Hi/Lo and stops making a new Hi/Lo for today, is there any preference to either:

1. Fade yesterday's candle
Or
2. Enter within the range of yesterday's candle while price may still be inside yesterday's range.
  • #5,292
  • Aug 18, 2016 3:24am Aug 18, 2016 3:24am
AUDJPY Oh, come on if you're going to...
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  • #5,293
  • Aug 18, 2016 3:28am Aug 18, 2016 3:28am
EURJPY Where's this going?
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  • #5,294
  • Aug 18, 2016 3:31am Aug 18, 2016 3:31am
Quoting courier12
Hi Too Slow, I understand Rule 1: No entry on H1, M30, M15, M5 breakout bars. However, once price gets above / below yesterday Hi/Lo and stops making a new Hi/Lo for today, is there any preference to either: 1. Fade yesterday's candle Or 2. Enter within the range of yesterday's candle while price may still be inside yesterday's range.
This now becomes potential 1-2-3 Trade. 1-2-3 is a sub-set of HOLO.
  • #5,295
  • Aug 18, 2016 3:35am Aug 18, 2016 3:35am
AUDJPY Heads up...
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  • #5,296
  • Aug 18, 2016 3:39am Aug 18, 2016 3:39am
EURJPY Break out...
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  • #5,297
  • Aug 18, 2016 3:41am Aug 18, 2016 3:41am
Overlooked this one:

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Rule #5
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,298
  • Aug 18, 2016 3:43am Aug 18, 2016 3:43am
USDJPY In the doldrums...
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  • #5,299
  • Aug 18, 2016 3:44am Aug 18, 2016 3:44am
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It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,300
  • Aug 18, 2016 3:47am Aug 18, 2016 3:47am
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It takes courage to grow up and become who you really are - E.E. Cummings
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