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Highest Open / Lowest Open Trade

  • #5,461
  • Edited 4:13am Aug 19, 2016 3:49am | Edited 4:13am
Right...
1-2-3 results so far:
EURCAD Long Blade - success - good profit locked in.
USDCAD Short Blade - cl is just outside the fib line...looks like a fail, small positive move before a turn back, though would not have hit sl just yet.
AUDJPY Short Blade (very short blade) - not even close...would have blown past any sl and on to a new extreme.

...Interesting. Early days but making some further statistical analysis worthwhile.

EDIT:
USDCAD - SL probably now taken out.
EURCAD Good result:
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  • #5,462
  • Aug 19, 2016 3:54am Aug 19, 2016 3:54am
AUDNZD One of Pippy's runaway trains for sure and not stopping any time soon...Well out of that one.
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  • #5,463
  • Aug 19, 2016 3:56am Aug 19, 2016 3:56am
Quoting PippyTheGrt
{quote} What do you mean with "first zone" ?
The fib area closest to the ''sharp end''.
  • #5,464
  • Edited 4:13am Aug 19, 2016 4:00am | Edited 4:13am
Quoting PippyTheGrt
{quote} What do you mean with "first zone" ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.ecnH1firstzoneforpippy.png Size: 33 KB


This isn't even a particularly great sword, as although the handle (cl) is outside that zone, it is still pretty far up the blade. Ideally, I'd be looking for it to be in the 5th zone and if it was back where it started - then I'd be the happiest puppy all over.
  • #5,465
  • Aug 19, 2016 4:02am Aug 19, 2016 4:02am
Quoting lemercenaire
{quote} {image} This isn't even a particularly great sword, as although the handle (cl) is outside that zone, it is still pretty far up the blade.
Ok thanks, got it.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,466
  • Aug 19, 2016 4:16am Aug 19, 2016 4:16am
Quoting lemercenaire
Right... 1-2-3 results so far: EURCAD Long Blade - success - good profit locked in. USDCAD Short Blade - cl is just outside the fib line...looks like a fail, small positive move before a turn back, though would not have hit sl just yet. AUDJPY Short Blade (very short blade) - not even close...would have blown past any sl and on to a new extreme. ...Interesting. Early days but making some further statistical analysis worthwhile. EDIT: USDCAD - SL[/highlight]...
Those two - USDCAD and AUDJPY - have the next bar showing greater potential. USDCAD more so than AUDJPY. Let's see...
  • #5,467
  • Aug 19, 2016 4:27am Aug 19, 2016 4:27am
AJ certainly taking its time. Looking at M5, it is starting to develop momo to the upside. Bears are giving up for now. Still, the LOTD being below LOYD is a minus. Or so they say
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,468
  • Aug 19, 2016 4:41am Aug 19, 2016 4:41am
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It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,469
  • Aug 19, 2016 4:41am Aug 19, 2016 4:41am
masters..

i've just traded 3 pairs EUR/USD, USD/CHF & GBP/USD
i know as a newbie i shouldn't trade more than 1 pairbut because it made same daily high at the same time, and H1 highest/lowest open triggered together, i was tempted to it..

these are the results
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EUR/USD & GBP/USD i set trailing stop based on min point platform provided
USD/CHF because didn't move much, i closed it manually (i guess it was a bad decision)

please give me some correction.. thanks
I Will Never Give Up
  • #5,470
  • Aug 19, 2016 5:00am Aug 19, 2016 5:00am
First target hit +25pips 2nd trade SL+5.2nd entry at H4 HO .Not too sure of the rules but I prefer to add to a winner

Thanks TS and others for the great effort to show other trader simple trading method.
Attached Image (click to enlarge)
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  • #5,471
  • Aug 19, 2016 5:16am Aug 19, 2016 5:16am
Quoting learn2fly
masters.. i've just traded 3 pairs EUR/USD, USD/CHF & GBP/USD i know as a newbie i shouldn't trade more than 1 pairbut because it made same daily high at the same time, and H1 highest/lowest open triggered together, i was tempted to it.. these are the results {image} {image} EUR/USD & GBP/USD i set trailing stop based on min point platform provided USD/CHF because didn't move much, i closed it manually (i guess it was a bad decision) please give me some correction.. thanks
Looks good to me. Make sure your entry is exactly on the open. And I suggest you monitor yourself w.r.t. manually closing trades. What caused you to do it ? Fear, anxiety ? Best to write down your emotions while in a trade (which is another reason to only take one at a time). Remember: it's about the process. And learning to walk before you can run.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,472
  • Aug 19, 2016 5:23am Aug 19, 2016 5:23am
Quoting hubby7
First target hit +25pips 2nd trade SL+5.2nd entry at H4 HO .Not too sure of the rules but I prefer to add to a winner Thanks TS and others for the great effort to show other trader simple trading method. {image}
Nice
Yes, stacking, why not. That or after the first pullback, or whatever makes sense to a person and makes money.
HOTD above HOYD. Took away some stops and tricked some into going long.
Thanks for posting.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,473
  • Aug 19, 2016 5:33am Aug 19, 2016 5:33am
Quoting lemercenaire
Right... 1-2-3 results so far: EURCAD Long Blade - success - good profit locked in. USDCAD Short Blade - cl is just outside the fib line...looks like a fail, small positive move before a turn back, though would not have hit sl just yet. AUDJPY Short Blade (very short blade) - not even close...would have blown past any sl and on to a new extreme. ...Interesting. Early days but making some further statistical analysis worthwhile. EDIT: USDCAD - SL probably now taken out. EURCAD Good result: {image}
USDCAD 1-2-3 Second bite comes good...
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  • #5,474
  • Aug 19, 2016 5:35am Aug 19, 2016 5:35am
Quoting lemercenaire
Right... 1-2-3 results so far: EURCAD Long Blade - success - good profit locked in. USDCAD Short Blade - cl is just outside the fib line...looks like a fail, small positive move before a turn back, though would not have hit sl just yet. AUDJPY Short Blade (very short blade) - not even close...would have blown past any sl and on to a new extreme. ...Interesting. Early days but making some further statistical analysis worthwhile. EDIT: USDCAD - SL probably now taken out. EURCAD Good result: {image}
AUDJPY 1-2-3 Another good second bite...
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  • #5,475
  • Aug 19, 2016 5:42am Aug 19, 2016 5:42am
USDCAD .Just an update 2nd trade move stop to +10 .Total of 35 pips is already assuredManage to squeeze 35 pips form a 27pips move.Just my luck
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  • #5,476
  • Aug 19, 2016 5:53am Aug 19, 2016 5:53am
Finally 2nd trade stopped out at +15.Total of +40 pips for this trade from an initial risk of breakeven.
Thanks TS and other for introducing this very"complex" way of trading.
Attached Image (click to enlarge)
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  • #5,477
  • Aug 19, 2016 6:17am Aug 19, 2016 6:17am
Quoting hubby7
Finally 2nd trade stopped out at +15.Total of +40 pips for this trade from an initial risk of breakeven. Thanks TS and other for introducing this very"complex" way of trading. {image}


Complex indeed..
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,478
  • Aug 19, 2016 6:33am Aug 19, 2016 6:33am
Quoting PippyTheGrt
{quote} Looks good to me. Make sure your entry is exactly on the open. And I suggest you monitor yourself w.r.t. manually closing trades. What caused you to do it ? Fear, anxiety ? Best to write down your emotions while in a trade (which is another reason to only take one at a time). Remember: it's about the process. And learning to walk before you can run.
thanks master,

what if the market place is too close with the the H1 open, so i can not set pending order..

may i open the order manually when the ask/bid line is exactly on the market price?
I Will Never Give Up
  • #5,479
  • Aug 19, 2016 6:36am Aug 19, 2016 6:36am
Quoting learn2fly
{quote} thanks master, what if the market place is too close with the the H1 open, so i can not set pending order.. may i open the order manually when the ask/bid line is exactly on the market price?
Do the rules say something about the way in which you should place your order ?
If so, what ?
There's your answer
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,480
  • Aug 19, 2016 6:48am Aug 19, 2016 6:48am
Quoting PippyTheGrt
{quote} Do the rules say something about the way in which you should place your order ? If so, what ? There's your answer
rule #2 no late entry (not even 1 pip)
there is no rule about what order method we should use

so IMHO, as long as we enter at the correct entry, what order method we are using isn't matter. CMIIW
I Will Never Give Up
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