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Highest Open / Lowest Open Trade

  • #6,001
  • Aug 25, 2016 8:25am Aug 25, 2016 8:25am
Quoting lemercenaire
{quote} Nah - you flagged up a nice-looking GBPJPY there, I forgive you!
Phew !

Probably a close if you go down to a tick chart LOL

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It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,002
  • Aug 25, 2016 8:28am Aug 25, 2016 8:28am
TRADE #5

Pair: USDCAD

Position: Short at 1.29315 (H1 Higher Open 1.29318)
SL at 1.29386
Risk:7.1 pips ( - 10,98 $)
Entry: Market order at 1.29315
Exit: by SL at the ask price (1.29305)
Position size: 0.20 lot
Trade duration: 00:09:28
P/L: + 1.0 pips (+ 1,55 $)
Spread: +/- 2.3 pips

Comments:
- SL almost hit, I had a little bit luck and closed that at BE +1. Tight SL.
- If somebody wonder why I didn’t take earlier trades it is because I didn’t trading that time.

Entry:
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Exit:
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  • #6,003
  • Aug 25, 2016 8:33am Aug 25, 2016 8:33am
GBPJPY Ah well, maybe next time...
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  • #6,004
  • Aug 25, 2016 8:36am Aug 25, 2016 8:36am
Quoting fabiog
TRADE #5 Pair: USDCAD Position: Short at 1.29315 (H1 Higher Open 1.29318) SL at 1.29386 Risk:7.1 pips ( - 10,98 $) Entry: Market order at 1.29315 Exit: by SL at the ask price (1.29305) Position size: 0.20 lot Trade duration: 00:09:28 P/L: + 1.0 pips (+ 1,55 $) Spread: +/- 2.3 pips Comments: - SL almost hit, I had a little bit luck and closed that at BE +1. Tight SL. - If somebody wonder why I didnt take earlier trades it is because I didnt trading that time. Entry: {image} Exit: {image}
Well done. If it helps any, I know the rules state SL at top of high etc but I always leave just a little bit of room past that mark and if the gap between entry and sl would be ridiculously small, as sometimes happens, look to your next level instead or something that works for you.
  • #6,005
  • Aug 25, 2016 8:42am Aug 25, 2016 8:42am
Yes, it was very tight SL considering that spread in up move was about 2.6 that leaves little space.

P.S.

Have anyone of you catched that preety move in EURUSD?
  • #6,006
  • Aug 25, 2016 8:42am Aug 25, 2016 8:42am
Quoting courier12
{quote} Yes, understood. Thank you for all the explanations on Daily Return and Follow Cap. Just one last question for you or Too Slow - What is this Wick zone u guys talk about? Thank you
Try GOOGLEing "wick zone"
You may be surprised what you may find there.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,007
  • Edited 10:18am Aug 25, 2016 8:45am | Edited 10:18am
Quoting TooSlow
{quote} Try GOOGLEing "wick zone" You may be surprised what you may find there.
Man - a bit of everything in there, lol! (Am I the only one who thought it was going to be more...​''interesting''?!)

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  • #6,008
  • Aug 25, 2016 8:46am Aug 25, 2016 8:46am
[quote=fabiog;9102133]Yes, it was very tight SL considering that spread in up move was about 2.6 that leaves little space. P.S. Have anyone of you catched that preety move in EURUSD?[/quote]

Lol - I was too busy Googling ''Wick Zone''!!!
  • #6,009
  • Aug 25, 2016 8:48am Aug 25, 2016 8:48am
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Text book.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,010
  • Aug 25, 2016 8:49am Aug 25, 2016 8:49am
Quoting lemercenaire
{quote} Man - a bit of everything in there, lol! (Am I the only one who thought it was going to be more...​''interesting''?! {image}
In where?
Did you travel to another galaxy?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,011
  • Aug 25, 2016 10:19am Aug 25, 2016 10:19am
Quoting TooSlow
{quote} In where? Did you travel to another galaxy?
Lol - not yet, no. Nearly though, Google!
  • #6,012
  • Aug 25, 2016 10:24am Aug 25, 2016 10:24am
USDCAD May still go somewhere...maybe...Anyone still riding this horse?
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  • #6,013
  • Aug 25, 2016 10:30am Aug 25, 2016 10:30am
GBPUSD Fortune favours the quick - anyone get on board?
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  • #6,014
  • Aug 25, 2016 7:03pm Aug 25, 2016 7:03pm
This strategy looks interesting. I'm guessing it works better under ranging market conditions rather than trending but will it work in both?

Also if I am understanding correctly of how you get your top and bottom. Do you just take the previous days High and low? If not, do you have to wait a few hours to get the high and low of the current day???
Gentlemen always play by the rules, if they can't, they change them.
  • #6,015
  • Aug 25, 2016 7:06pm Aug 25, 2016 7:06pm
Also one tidbit I've noticed with the major pairs. When a pair makes a new weekly high, monthly high or yearly high there is almost a violent rejection of it. I've made good profit just focusing on these area's. Has anyone else noticed this or anything like it?
Gentlemen always play by the rules, if they can't, they change them.
  • #6,016
  • Aug 25, 2016 9:52pm Aug 25, 2016 9:52pm
How to Forge True Confidence

http://www.artofmanliness.com/2016/0...ue-confidence/
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,017
  • Aug 25, 2016 9:55pm Aug 25, 2016 9:55pm
Quoting Bsmile44
This strategy looks interesting. I'm guessing it works better under ranging market conditions rather than trending but will it work in both? Also if I am understanding correctly of how you get your top and bottom. Do you just take the previous days High and low? If not, do you have to wait a few hours to get the high and low of the current day???
Do not guess.
This strategy works every day on every pair.
Rather than make guesses and ask questions that have been answered, take the time to read through the thread.
Have you even read post #1?
Most of all, follow Bruce Lee:

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,018
  • Aug 25, 2016 10:13pm Aug 25, 2016 10:13pm
TRUST YOURSELF: A practical guide to achieving any goal and living beyond fear



https://medium.com/the-mission/trust...273#.mo8gwttc1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,019
  • Aug 25, 2016 11:31pm Aug 25, 2016 11:31pm
Tooslow

I noticed that 50% of your posts consist of the same content
1. read post 1
2. read the thread completely
3. pseudo Bruce Lee quotes
4. link to pseudo psycho articles ,teenagers magazine level

You open threads , to show trading systems , claiming it works : "This strategy works every day on every pair", but without any concret evidences.(numbers)
I know already what will be the answer to my post if any ... ( 1, 2,3 or 4 ).
don't read me wrong here , i'm not making a troll here , just try to get answers, like % of signals making a profit >= 5 pips,trying to get some data from you to convince newbies like me that we can click as you claim on every pair every day and making profit ( for sure after carefully following rules from post 1).
I'm sure that new comers here will be more than happy to have data before they open a position ( probabilities of winning / losing )
​I will be pleased not to be kicked out from the thread , or get nasty comments from your bodyguards ....
I believe that you are intelligent enough to understand my point of view , and i'm forcing no one here to agree with me , i'm just expressing i believe what some readers feel when reading your thread.
If this post can lead to some serious numbers to establish that this system get some positive expectancy without any "filters", i will be pleased

Have wonderful day

SB
trying to make everyday the best risk/reward decisions possible
  • #6,020
  • Aug 25, 2016 11:34pm Aug 25, 2016 11:34pm
Hi, here is a gbpjpy trade. I've decided to try the optional exit posted on page 1, but with a little variation. My entry has two orders, one with a target and another without target.
Due the volatility of gbpjpy I use a target of 7 pips, instead of 5. The idea is, once the target has been reached i will move the stop of a remaing position to -5 pips. I think this is a good variation, because we have some more room and still have our 1 pip of profit if the second position is stopped.
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