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Highest Open / Lowest Open Trade

  • #6,261
  • Sep 9, 2016 3:26pm Sep 9, 2016 3:26pm
Quoting TooSlow
{image} Please do me a favor. Post your M1 chart of USDCAD. Dang spike took out my BE+1 stop. Is there a spike on your chart? Perhaps my broker is using the PLUG IN against me https://www.authenticfx.com/brokers/...-plug-in.html/
There you go buddy. Non-MT4 ECN broker live charts.

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It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,262
  • Sep 10, 2016 3:56am Sep 10, 2016 3:56am
Quoting TooSlow
{quote} Does not matter which chart period you use. You can use monthly candles. The H1 highest/lowest opens will still be at their same locations.
thanks but that's not what I was asking.

I thought u might use M5 to tweak entries perhaps. But never mind, I don't wanna watch charts all day anyway.
  • #6,263
  • Sep 10, 2016 4:28am Sep 10, 2016 4:28am
Quoting Karemi-Trade
{quote} thanks but that's not what I was asking. I thought u might use M5 to tweak entries perhaps. But never mind, I don't wanna watch charts all day anyway.
Many of the posts being made in this thread are about this subject: "read post #1"
There's the whole thread in a nutshell right there.

Entries are not tweaked. Post #1 refers to H1 highest or lowest opens (HOLO). You enter a trade after price has retraced beyond that H1 HOLO. It may help against a trigger happy finger to restrict yourself to requiring an M5 (or M15, see post #1) open beyond the H1 HOLO first.

If you don't want to watch charts all day, you can use the same concept on higher time frames.

Alles gute
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,264
  • Sep 10, 2016 10:27am Sep 10, 2016 10:27am
Quoting PippyTheGrt
{quote} Many of the posts being made in this thread are about this subject: "read post #1" There's the whole thread in a nutshell right there. Entries are not tweaked. Post #1 refers to H1 highest or lowest opens (HOLO). You enter a trade after price has retraced beyond that H1 HOLO. It may help against a trigger happy finger to restrict yourself to requiring an M5 (or M15, see post #1) open beyond the H1 HOLO first. If you don't want to watch charts all day, you can use the same concept on higher time frames. Alles gute

Hartelijk dank!

Now I got it.
  • #6,265
  • Sep 10, 2016 2:18pm Sep 10, 2016 2:18pm
Quoting Karemi-Trade
{quote} Hartelijk dank! Now I got it.
Keine Ursache !

MichaelG did a very nice job making a few documents with more explanation. You can find them using the paperclip on top of the page. And there's a link to a visual explanation post in post #1.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,266
  • Sep 10, 2016 7:21pm Sep 10, 2016 7:21pm
Who is taking the 10 trade challenge the week of September 11, 2016?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,267
  • Sep 10, 2016 7:39pm Sep 10, 2016 7:39pm
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The uncertainty of trading.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,268
  • Sep 10, 2016 7:40pm Sep 10, 2016 7:40pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,269
  • Sep 10, 2016 7:44pm Sep 10, 2016 7:44pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,270
  • Sep 10, 2016 7:45pm Sep 10, 2016 7:45pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,271
  • Sep 10, 2016 7:48pm Sep 10, 2016 7:48pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,272
  • Sep 11, 2016 9:44am Sep 11, 2016 9:44am
Quoting TooSlow
{image}
Bring in the squiggly wigglys, they will lead the way lol.
  • #6,273
  • Sep 11, 2016 9:56am Sep 11, 2016 9:56am
- first 4 orders in win on friday + 80 Pips

- next 6 orders Mondy / Tuesday with test my new special chart

the travel trader ghostbikerIn

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  • #6,274
  • Sep 11, 2016 4:59pm Sep 11, 2016 4:59pm
Quoting wannalearn12
{quote} Bring in the squiggly wigglys, they will lead the way lol.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,275
  • Sep 11, 2016 5:01pm Sep 11, 2016 5:01pm
Quoting ghostbiker
- first 4 orders in win on friday + 80 Pips - next 6 orders Mondy / Tuesday with test my new special chart the travel trader ghostbikerIn {image}
Can not see the highest/lowest H1 open lines on your chart.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,276
  • Sep 11, 2016 8:05pm Sep 11, 2016 8:05pm
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Considering using pivots.
Wait for price to cross a pivot before entering at highest/lowest H1 open.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,277
  • Sep 11, 2016 9:29pm Sep 11, 2016 9:29pm
Quoting TooSlow
{image} Considering using pivots. Wait for price to cross a pivot before entering at highest/lowest H1 open.
Hi Too Slow,

Are you thinking of entering a short at H1 HO above R1, R2 or R3 and a long at H1 LO below S1, S2 or S3?

And the central pivot can go either ways long below it at LO and short above it at HO?

Thank you
  • #6,278
  • Edited 3:33am Sep 12, 2016 12:54am | Edited 3:33am
Quoting TooSlow
{image} Considering using pivots. Wait for price to cross a pivot before entering at highest/lowest H1 open.
I think they work really well.

*edit, It makes sense for a good spot.... for a quick 5-10 trading the bounce off lines using the setup
  • #6,279
  • Sep 12, 2016 4:56am Sep 12, 2016 4:56am
Quoting courier12
{quote} Hi Too Slow, Are you thinking of entering a short at H1 HO above R1, R2 or R3 and a long at H1 LO below S1, S2 or S3? And the central pivot can go either ways long below it at LO and short above it at HO? Thank you
Yes.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,280
  • Sep 12, 2016 5:08am Sep 12, 2016 5:08am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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