Highest Open / Lowest Open Trade

Quoting Jordi

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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. {image}

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Quoting TooSlow

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{quote} Try GOOGLEing "wick zone" You may be surprised what you may find there.

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Quoting slowbrain

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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...

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Quoting lemercenaire

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{quote} The concept is sound enough - there are others who take the 7 pip tp on this pair for the same reason. One thing I would ask and trying to adjust to and figure out the time I am looking at (when you posted is not necessarily when the trade went on), are you not trading an H1 Breakout Bar? This may be down to my broker start-time being different to yours and if so, apologies. How you take profit becomes - for me - one of the main areas where variation is ''allowed'' to creep in. So long as you make your entries correctly and look to protect...

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Quoting Jordi

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{quote} Hi lemercenaire , my trade was stopped out, but sadly for me, target has not been reached only for the spread. Regarding your question, my entry order is at the H1 higher open line, according TS rules. May be I don't understand your question (my english is basic), why you are refering a breakout bar?

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Quoting lemercenaire

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{quote} Hi Jordi. Here is my H1 chart at the moment. On my chart, the last H1 bar (which is where your trade would have taken place?) is the highest bar of the present day. Of course if your trade was in the presently open bar, you are correct. If these lines are different, then it is down to broker start time difference. {image}

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Quoting Jordi

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Here is another trade. This time with NSDUSD and the same trade management methodology. Let's see if this time the target is reached. {image}

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Quoting lemercenaire

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{quote} Hi slowbrain. This all comes down to how you perceive the way forward. Every other thread on here eventually begins to turn into a pissing match to see who can post the most pips. They begin to drown under stats-upon-stats-upon-stats. Don't get me wrong, I am not suggesting that anyone should blindly take one word of what is posted on here as true. Everyone should be extremely sceptical of anything to do with making money and especially in FX...and doubly so on an internet forum. What I am saying is, that imo, this thread is a breath of...

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Quoting slowbrain

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{quote} ​easy way to answer .... take it or leave it ... but still no numbers ..... just blablabla ..... and charts are coming after the battle ... ​But teaching style is not the issue here ... is the evidences to show that the concept is mathematically viable on the long term without filters ... i'm not doubting here im asking informations ... but still no numbers ... by average on majors if 100 trades how many will fail how many will make at least +1.... just that .... if people trade this method since few months they should be able...

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Quoting Jordi

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but this time the target has been reached immediately. Stop moved to -5 pips from the entry ( because +7 pips of the trade closed at target - 5 pips if the actual position is stopped, equals +2 pips) {image}

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Quoting lemercenaire

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Right, I've seen enough to know today is not for me. The sun is shining and I may have to gird my loins and venture into the place the wise ones call ''The-Out-Of-The-Doors''... For those who stay in the fight - good trading and many pips. Be aware that Yellen speaks this afternoon and that Gov Kuroda is due up to the plate tomorrow. Both big RED events.

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