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Highest Open / Lowest Open Trade

  • #6,181
  • Sep 7, 2016 8:19am Sep 7, 2016 8:19am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,182
  • Sep 7, 2016 9:52am Sep 7, 2016 9:52am
......missed it due to daily job...
Have a nice day
  • #6,183
  • Sep 7, 2016 9:54am Sep 7, 2016 9:54am
Quoting Smmo
{quote} Hi Doerpn What EA and settings u are using?
EA???
its manual trading this HILO-method.....
Have a nice day
  • #6,184
  • Sep 7, 2016 10:10am Sep 7, 2016 10:10am
Do your athletes feel excited to start mental training only to lose interest quickly when they don’t see immediate results in their performance?
Unfortunately, athletes often want the quick fix with mental training and may lose interest when results don’t come quickly.
How to help your athletes commit to mental training is the topic of today’s mental coach tip. One mental coach asks:
“Athletes are nearly always motivated to begin the mental training, but some let it lapse quite quickly. Other than seeing results from the mental training, which keep them on track, how can we encourage them to remain committed to the mental training program”?
You can find many reasons athletes loose interest in mental training including:
1. Mental training competes with other responsibilities such as school, team training, individual training, and strength or agility training.
2. They lose interest when improvement in results doesn’t come quickly enough.
3. They make progress quickly or figure out what was missing and don’t feel the need to continue mental training.
4. They don’t know how to stay committed or you don’t help them with follow up or adherence strategies.
No matter the reason your athletes don’t stay committed to mental training over the season, you can try the following strategies to improve commitment:
1. Discuss with them why mental training is long-term education and not a quick fix for performance slumps. Set your athletes’ expectations about how mental training works early in the process.
2. Give your athletes specific, actionable strategies they can use or apply immediately.
3. Help your athletes stay focused on the mental game between sessions with homework assignments. Provide summary sheets, worksheets, cheat sheets, and audio summaries to help them stay motivated between sessions.
4. Use post-performance assessments to help track how well your athletes are applying mental game strategies.
5. Involve parents and coaches in the process. When coaches and parents value mental training, this filters down to athletes.
6. Encourage athletes to stick with mental training because the skills they learn can be applied to life skills and careers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,185
  • Sep 7, 2016 10:10am Sep 7, 2016 10:10am
Quoting doerpn
{quote} EA??? its manual trading this HILO-method.....
A few use an EA.
Most click to trade.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,186
  • Sep 7, 2016 12:04pm Sep 7, 2016 12:04pm
only few pips....I suppose practicing a lot will open eyes and mind to only take trades where momentum will probably increase? Or is there no further trick beside the rules?
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Have a nice day
  • #6,187
  • Sep 7, 2016 12:21pm Sep 7, 2016 12:21pm
Hi TS,
what do you think about this?
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Have a nice day
  • #6,188
  • Sep 7, 2016 12:46pm Sep 7, 2016 12:46pm
Quoting doerpn
only few pips....I suppose practicing a lot will open eyes and mind to only take trades where momentum will probably increase? Or is there no further trick beside the rules? {image}
No.
Don't think like that.
No tricks.
Just rules.
And experience.
Keep at it.
Well done.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,189
  • Sep 7, 2016 12:53pm Sep 7, 2016 12:53pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,190
  • Sep 7, 2016 1:09pm Sep 7, 2016 1:09pm
Quoting TooSlow
{image}
I'll be your huckleberry. It triggered. Time of day how many are you looking for?
  • #6,191
  • Sep 7, 2016 1:12pm Sep 7, 2016 1:12pm
Quoting wannalearn12
{quote} I'll be your huckleberry. It triggered. Time of day how many are you looking for?
How many ???
Pips?
BE+1 or more.
Trades?
As many as market presents.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,192
  • Sep 7, 2016 1:40pm Sep 7, 2016 1:40pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,193
  • Sep 7, 2016 1:47pm Sep 7, 2016 1:47pm
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1,2,3,4,5,6 green daily candles in a row.
What are you waiting for?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,194
  • Sep 7, 2016 1:53pm Sep 7, 2016 1:53pm
Quoting TooSlow
{image}
I didn't take the second setup after I got BE+1... oh well 1 is good
  • #6,195
  • Sep 7, 2016 4:09pm Sep 7, 2016 4:09pm
Quoting wannalearn12
{quote} I didn't take the second setup after I got BE+1... oh well 1 is good
The nice thing about these entries is that you'll hit the high or low of the day with one of them. Just a matter of repetitive execution.
If it is the beginning of the day, you might want to consider holding on to it for a bigger chunk of the daily range.
If it is the end of the day, and the range has been met, you might want to consider taking profit earlier.
But that all comes down to personal preference. Taking 5 pips whilst avoiding losses can be all you want and then some. It's not about the number of pips, it's about consistently making money.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,196
  • Sep 7, 2016 4:31pm Sep 7, 2016 4:31pm
Quoting PippyTheGrt
{quote} The nice thing about these entries is that you'll hit the high or low of the day with one of them. Just a matter of repetitive execution. If it is the beginning of the day, you might want to consider holding on to it for a bigger chunk of the daily range. If it is the end of the day, and the range has been met, you might want to consider taking profit earlier. But that all comes down to personal preference. Taking 5 pips whilst avoiding losses can be all you want and then some. It's not about the number of pips, it's about consistently making...
I'm still learning the ropes. My trade wins are small due to not knowing how to manage take profits. It's as if the market knows I won't hold a trade long. I don't think I have the BALLZ yet, and patience is not a virtue I know at all. My life has been rushing to get shit done and I know it hurts the learning curve. I need to grasp this like an 80 year old with patience, and still see the opportunities to keep kicking ass!!! You guys have me beat in age but I hope to catch up in WISDOM! I honestly like 1 and 5 pip wins because I'm winning. My win percentage ranges from 85 to 95 percent but my profits are very small. Any suggestions would be helpful. I honestly need to start my daily meditation to help with my edge!!!
  • #6,197
  • Sep 7, 2016 4:59pm Sep 7, 2016 4:59pm
Quoting Tman72
{quote} I'm still learning the ropes. My trade wins are small due to not knowing how to manage take profits. It's as if the market knows I won't hold a trade long. I don't think I have the BALLZ yet, and patience is not a virtue I know at all. My life has been rushing to get shit done and I know it hurts the learning curve. I need to grasp this like an 80 year old with patience, and still see the opportunities to keep kicking ass!!! You guys have me beat in age but I hope to catch up in WISDOM! I honestly like 1 and 5 pip wins because I'm winning....
Good !
What's it like on the cost side ? In other words what's the cost of the 5 to 15 percent non-wins ?
Where do you deduce that percentage from ?
There are several ways to manage take profits BUT 85% 1-5 pip winners is a good start provided the costs (aka "losing trades") are very low.
In fact it may be all you need..
Example: replace pip with a certain % of capital and you may find that not-so-small profits are right under your nose
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,198
  • Sep 7, 2016 5:34pm Sep 7, 2016 5:34pm
Quoting Tman72
{quote} I'm still learning the ropes. My trade wins are small due to not knowing how to manage take profits. It's as if the market knows I won't hold a trade long. I don't think I have the BALLZ yet, and patience is not a virtue I know at all. My life has been rushing to get shit done and I know it hurts the learning curve. I need to grasp this like an 80 year old with patience, and still see the opportunities to keep kicking ass!!! You guys have me beat in age but I hope to catch up in WISDOM! I honestly like 1 and 5 pip wins because I'm winning....
If you are making profit, do NOT alter your performance.
All you will have to do, when the time comes, is increase your size.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,199
  • Sep 7, 2016 6:15pm Sep 7, 2016 6:15pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,200
  • Sep 8, 2016 3:28am Sep 8, 2016 3:28am
According to Seneca, the Greek word euthymia is one we should think of often: it is the sense of our own path and how to stay on it without getting distracted by all the others that intersect it. In other words, its not about beating the other guy. Its not about having more than the others. Its about being what you are, and being as good as possible at it, without succumbing to all the things that draw you away from it. Its about going where you set out to go. About accomplishing the most that youre capable of in what you choose. Thats it. No more and no less. (By the way, euthymia means tranquility in English.) ...
So why do you do what you do? Thats the question you need to answer. Stare at it until you can. Only then will you understand what matters and what doesnt. Only then can you say no, can you opt out of stupid races that dont matter, or even exist. Only then is it easy to ignore successful people, because most of the time they arentat least relative to you, and often even to themselves. Only then can you develop that quiet confidence Seneca talked about.

Ryan Holiday
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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