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Highest Open / Lowest Open Trade

  • #6,381
  • Sep 13, 2016 5:45pm Sep 13, 2016 5:45pm
Quoting doerpn
{quote} Ok, i think i got you.....not strictly follow the MM rule....if win is less than 5 pips but price comes back, safe it by BE+1. The problem is: this way it will be very seldom to get 5+x pips win in 1 trade, right? (My trading time is 1 h before London close up to nearly NY close). Its the same with the 10 pip/5 pip rule....stopped out too early, nearly never reaching target.... {image}
Remember the rules are guidelines.
The rules give you structure.
The rules are a safety net.
As you get better at dancing with the market, you will make up your own steps.
Experience will show you there will be many entries on the same pair sometimes within the same hour.
Be happy racking up BE+1 to BE+5 pips.
At the end of the session, you may have 20 or more pips in your pocket.
Maybe once a week or so, you'll collect the BIG PIPS.
Be patient.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,382
  • Sep 13, 2016 11:13pm Sep 13, 2016 11:13pm
Hi TooSlow, fantastic thread and efficient strategy, I believe this will work and with a dashboard to highlight which pairs are at its High or Low make it easier and i and giving the 10 challenge a go.. So here is the first 2:

GJ - move so fast, got 1 pip

EJ - secure 5 pips and looking forward to more

Attached Images
  • #6,383
  • Sep 13, 2016 11:29pm Sep 13, 2016 11:29pm
Next 2 entries

NJ - lock in at BE
GC - waiting to cross over from the dark side

Looking good so far, 6 to go.
Question. If current H1[0] bar is the highest Open/Lowest Open (not the highest high), would you setup an entry on the M15 bar?
Cause challenge 3 and 4 happens to be the case.
Attached Images
  • #6,384
  • Sep 13, 2016 11:29pm Sep 13, 2016 11:29pm
Quoting FireFries
Hi TooSlow, fantastic thread and efficient strategy, I believe this will work and with a dashboard to highlight which pairs are at its High or Low make it easier and i and giving the 10 challenge a go.. So here is the first 2: GJ - move so fast, got 1 pip EJ - secure 5 pips and looking forward to more {image} {image}
Welcome FireFries.
There is a dashboard coded by SwingMan.
Though I urge newcomers to start trading only one pair.
Green pips to you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,385
  • Sep 13, 2016 11:47pm Sep 13, 2016 11:47pm
Results of the first 4 trades, all under 2 hours trading.
EJ +5
NJ +1
GC +1
Total for 4 trades, 1x5pips, 3x1pip

Could have just target 5pips each trade and gets 20 pips but like what TooSlow mentioned, a few BE, a few +5 and it will add up.. 6 more to go
Attached Images
  • #6,386
  • Sep 13, 2016 11:56pm Sep 13, 2016 11:56pm
Quoting TooSlow
{quote} Welcome FireFries. There is a dashboard coded by SwingMan. Though I urge newcomers to start trading only one pair. Green pips to you.
Thanks Bro, yes, i am using that Dashboard to alert me of prospective pairs, am a little slow myself... lol. Sometimes back i sat in front of the screen waiting for it to happen and hours went past, then i walk away and came back to see i am too late... lol. The dashboard helps alot.

Many pips to you too
  • #6,387
  • Sep 14, 2016 12:10am Sep 14, 2016 12:10am
Quoting TooSlow
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 49 KB
Where can I download your latest template as in the screenshot? I have tried several options, they are not like yours. Thank you.
Do not be afraid to make mistakes, be afraid to repeat them.
  • #6,388
  • Sep 14, 2016 5:55am Sep 14, 2016 5:55am
Quoting JasonDeaN
{quote} Where can I download your latest template as in the screenshot? I have tried several options, they are not like yours. Thank you. {image}
The extra indicators are from another galaxy.
Pivot indicators can be found in the FF galaxy.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,389
  • Sep 14, 2016 7:01am Sep 14, 2016 7:01am
2 more BE,

6 done, 4 to go.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: HOLOChallenge05.JPG Size: 50 KB
Click to Enlarge Name: HOLOChallenge06.JPG Size: 48 KB
  • #6,390
  • Sep 14, 2016 8:06am Sep 14, 2016 8:06am
Nothing for me at all today except for this...NZDUSD...whodda' thunk it.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.ecnM15somethingatlast.png Size: 34 KB
  • #6,391
  • Sep 14, 2016 8:08am Sep 14, 2016 8:08am
The depth of opportunity is a bit narrow but potential here...AUDUSD...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.ecnH1potential.png Size: 34 KB
  • #6,392
  • Sep 14, 2016 8:17am Sep 14, 2016 8:17am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 52 KB


Notice H1 highest open near PP
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,393
  • Sep 14, 2016 8:17am Sep 14, 2016 8:17am
Quoting FireFries
Results of the first 4 trades, all under 2 hours trading. EJ +5 NJ +1 GC +1 Total for 4 trades, 1x5pips, 3x1pip Could have just target 5pips each trade and gets 20 pips but like what TooSlow mentioned, a few BE, a few +5 and it will add up.. 6 more to go {image} {image} {image}
Welcome aboard, FireFries - it seems The Force is with you, lol.

Steady-Eddie is the way to go. I have mentioned it a few times throughout this thread since I found my way here, that you will be amazed by how all those +1 and +5 gains will mount up.

Even on the most rubbish of days like mine today, patience pays off and you end the day ahead.

Great stuff. Keep it up.
  • #6,394
  • Sep 14, 2016 8:19am Sep 14, 2016 8:19am
AUDUSD Looks like it's pushing through. Wait a bit longer then...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.ecnH1pushingthru-wait.png Size: 34 KB
  • #6,395
  • Sep 14, 2016 8:47am Sep 14, 2016 8:47am
Quoting lemercenaire
{quote} Welcome aboard, FireFries - it seems The Force is with you, lol. Steady-Eddie is the way to go. I have mentioned it a few times throughout this thread since I found my way here, that you will be amazed by how all those +1 and +5 gains will mount up. Even on the most rubbish of days like mine today, patience pays off and you end the day ahead. Great stuff. Keep it up.
Thanks Lemer for the encouragement, +1+1+1+1+1....

Here is the AU
7th for the record, another +1
  • #6,396
  • Sep 14, 2016 8:48am Sep 14, 2016 8:48am
ops... here is the screenshot
Attached Image (click to enlarge)
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  • #6,397
  • Sep 14, 2016 9:04am Sep 14, 2016 9:04am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,398
  • Sep 14, 2016 9:04am Sep 14, 2016 9:04am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 54 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,399
  • Sep 14, 2016 9:05am Sep 14, 2016 9:05am
Quoting FireFries
{quote} Thanks Lemer for the encouragement, +1+1+1+1+1.... Here is the AU 7th for the record, another +1
Well done, FireFries.
Your broker will hate you for +1ing them to death.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,400
  • Sep 14, 2016 9:08am Sep 14, 2016 9:08am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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