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Highest Open / Lowest Open Trade

  • #6,481
  • Sep 15, 2016 1:23pm Sep 15, 2016 1:23pm
Quoting TooSlow
{quote} What is the lesson?
I had a lot of losses too trading the same way....learning from it is to WAIT for the trend to change.
Is it right as shown in my screen that there was no valid entry due to breakout candles?
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Have a nice day
  • #6,482
  • Sep 15, 2016 1:28pm Sep 15, 2016 1:28pm
Quoting TooSlow
{quote} You broke RULE #1?
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  • #6,483
  • Sep 15, 2016 1:30pm Sep 15, 2016 1:30pm
Quoting lemercenaire
{quote} {image}
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,484
  • Sep 15, 2016 1:31pm Sep 15, 2016 1:31pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,485
  • Sep 15, 2016 1:32pm Sep 15, 2016 1:32pm
Quoting doerpn
{quote} I had a lot of losses too trading the same way....learning from it is to WAIT for the trend to change. Is it right as shown in my screen that there was no valid entry due to breakout candles? {image}
Yes, Breakout / Rule #1 in play there. In this situation, you can - and I usually do, ho hum - look for a 1-2-3 trade instead.

​​If in doubt, stay out
  • #6,486
  • Sep 15, 2016 1:56pm Sep 15, 2016 1:56pm
Quoting lemercenaire
{quote} Yes, Breakout / Rule #1 in play there. In this situation, you can - and I usually do, ho hum - look for a 1-2-3 trade instead. ​​If in doubt, stay out
No doubt here

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,487
  • Sep 15, 2016 2:09pm Sep 15, 2016 2:09pm
Mr. Too Slow,

AU M1 Scalp +6 Finally not a FIFO for sure and explanation on chart...............What a snore that was I hope you got some on your trade.......

Nice to see your threads doing well and thanks for stopping bye.............
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Keep It Simple
  • #6,488
  • Sep 15, 2016 2:14pm Sep 15, 2016 2:14pm
hi tooslow and guys. can someone of you say how much monthly % you make this month? tooslow i know you dont want to post results, but please post if you can. other traders please post too if you want.

thank you. good luck in trading to all

edit: i ask this bacuse i can believe trading can be this simple. but this thread have 300+ pages now, so i think tooslow and other guys willnot trade this method if it is not profitable. tooslow i know you will say to me to take 10 trade challange, but please guys post your results to inspire me. please.
  • #6,489
  • Sep 15, 2016 2:36pm Sep 15, 2016 2:36pm
or guys post anything to inspire me...
i don like indicators... price action...s/r levels is diffrent for all trades. for one is this support, for another is that support, for another is that pattern, that pattern.... but i im intersted in this method, there is nothing to analyze... this is what i like about this method.

guys, i want to quit trading.... but this method can keep me in trading... please, inspire me motivate me...... you guys can help me. thanks
  • #6,490
  • Sep 15, 2016 2:45pm Sep 15, 2016 2:45pm
Quoting spongetrap
hi tooslow and guys. can someone of you say how much monthly % you make this month? tooslow i know you dont want to post results, but please post if you can. other traders please post too if you want. thank you. good luck in trading to all edit: i ask this bacuse i can believe trading can be this simple. but this thread have 300+ pages now, so i think tooslow and other guys willnot trade this method if it is not profitable. tooslow i know you will say to me to take 10 trade challange, but please guys post your...
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Foreign Exchange. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell currency. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher, website owner or TooSlow

There's your motivation
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,491
  • Sep 15, 2016 2:49pm Sep 15, 2016 2:49pm
Quoting TooSlow
{quote} No doubt here https://youtu.be/PHzOOQfhPFg?list=PL...g-eP6L5NaAESuB
Gwen Stefani...mmm...
  • #6,492
  • Sep 15, 2016 3:14pm Sep 15, 2016 3:14pm
Quoting spongetrap
hi tooslow and guys. can someone of you say how much monthly % you make this month? tooslow i know you dont want to post results, but please post if you can. other traders please post too if you want. thank you. good luck in trading to all edit: i ask this bacuse i can believe trading can be this simple. but this thread have 300+ pages now, so i think tooslow and other guys willnot trade this method if it is not profitable. tooslow i know you will say to me to take 10 trade challange, but please guys post your results...
Hi Spongetrap - it's likely not going to happen, mate. I can guarantee that every single trader on here can take this method and come out with potentially different results, purely because - hey, that's what trading's like. We could tell you anything. Why would you believe us? The only way you can be sure if this is for you is to actually do it yourself. If you are absolutely set on looking at some numbers, then I have at some time in the past, answered someone's question about strike-rate with the numbers I had pulled down since I had joined this thread to that point. You'll have to go looking. Asking for profit figures in a thread is like asking what a guy's in prison for - you can ask but things could get ugly afterwards.

Good to have you on board - I hope you take the 10-Trade workout - and that you find it a worthwhile journey.
  • #6,493
  • Sep 15, 2016 3:43pm Sep 15, 2016 3:43pm
Quoting spongetrap
hi tooslow and guys. can someone of you say how much monthly % you make this month? tooslow i know you dont want to post results, but please post if you can. other traders please post too if you want. thank you. good luck in trading to all edit: i ask this bacuse i can believe trading can be this simple. but this thread have 300+ pages now, so i think tooslow and other guys willnot trade this method if it is not profitable. tooslow i know you will say to me to take 10 trade challange, but please guys post your results to inspire me. please.
Hi spongetrap,
I haven't read the other replies; couple of points to ponder before I call it a day:
1. 300+ pages decrease if you set it to more posts per page. I have 163 pages.
2. that goes to show that all is relative
3. if you can believe it is this simple, what is your reason for asking proof ?
4. if others can do it, why could you ?
5. if others cannot do it, why couldn't you ?
6. there are only two ways to trade: a) reversals, b) continuations
7. this is reversal trading
8. your aim is to get in what in hindsight may be very, very close to the high or low of the day.
9. we cannot predict the future
10. but we do know that every day has a daily range in between the high and the low
11. you ask to be inspired; if the prospect of the above is not enough, I'm lost. Use it to inspire yourself please.
12. all good and worthwhile things start within your self, by yourself.
13. don't depend on others, be independent.
14. trading is not about money, money is the outcome of a process well executed
15. go back to 1. and read it again.

If you have questions, there are many people who will tell you to go back and read post #1 as an answer. The rest of the pages are full with examples, examples and more examples as well as motivational stuff to ponder about.

Good luck whatever you decide or do. Hope this helps
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,494
  • Sep 15, 2016 4:10pm Sep 15, 2016 4:10pm
Spongetrap:

Trading conservatively and sticking to the rules, no bending/breaking, usually nets me a 1% - 2% return on my account balance daily.
More could be made.
It would be pushing.
We all know what happens when you push the market.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,495
  • Sep 15, 2016 4:45pm Sep 15, 2016 4:45pm
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Slow.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,496
  • Sep 15, 2016 4:47pm Sep 15, 2016 4:47pm
Attached Image (click to enlarge)
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Ten trades a day
Times
5 pips a trade
is?

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,497
  • Sep 15, 2016 7:21pm Sep 15, 2016 7:21pm
Quoting spongetrap
hi tooslow and guys. can someone of you say how much monthly % you make this month? tooslow i know you dont want to post results, but please post if you can. other traders please post too if you want. thank you. good luck in trading to all edit: i ask this bacuse i can believe trading can be this simple. but this thread have 300+ pages now, so i think tooslow and other guys willnot trade this method if it is not profitable. tooslow i know you will say to me to take 10 trade challange, but please guys post your results to inspire me. please.
Like Tooslow said take the challenge on a real account the most you will lose is a dollar. I was sceptical but it works, not always immediately but it does. These guys know their shit round here. No one can steal your birthday so to speak, so try it. You will be fine. Have faith in the method. Read it, download the Indicators, look for the area of interest and start kicking ass!!!
  • #6,498
  • Sep 15, 2016 8:17pm Sep 15, 2016 8:17pm
Quoting spongetrap
hi tooslow and guys. can someone of you say how much monthly % you make this month? tooslow i know you dont want to post results, but please post if you can. other traders please post too if you want. thank you. good luck in trading to all edit: i ask this bacuse i can believe trading can be this simple. but this thread have 300+ pages now, so i think tooslow and other guys willnot trade this method if it is not profitable. tooslow i know you will say to me to take 10 trade challange, but please guys post your results to inspire me. please.
Hey Sponge,

read back 5 pages, you should be able to see my results. Try not to add anything, just stick to the rules set out by TooSlow, try the challenge and see for yourself. Key points for beginners, if it is a breakout, do not enter, eg, M5 or M15 close above the previous high or below the previous low, additionally, do not enter if it form a higher high or lower low.. Cheers. Just for motivation, close all at +5, very doable.

As for the rest, i won't add any, lots has been mentioned.

Green pips for ya and all
  • #6,499
  • Sep 15, 2016 8:28pm Sep 15, 2016 8:28pm
Quoting lemercenaire
{quote} I'm in the UK, so trade from Frankfurt overall - London for HOLO. Often there isn't enough info too early, so it ends up busy around US Open, before and after, when the market has more shape to it, slowly tailing off after that (should have stayed out of that Aussie trade, lol - outside my comfort zone).
Right bro, Sydney and Tokyo opening ain't good for trading this method, the Highest Open and Lowest Open are just pips apart.. not much space to maneuver, at least for my broker. Market open breakout would be good during these sessions.

Cheers,
  • #6,500
  • Sep 15, 2016 9:33pm Sep 15, 2016 9:33pm
Quoting FireFries
{quote} Right bro, Sydney and Tokyo opening ain't good for trading this method, the Highest Open and Lowest Open are just pips apart.. not much space to maneuver, at least for my broker. Market open breakout would be good during these sessions. Cheers,
Funny you should mention that.
Not much space, yet the move from the HO or LO, at the time, could be most of the day's range.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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