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Highest Open / Lowest Open Trade

  • #6,501
  • Sep 15, 2016 9:38pm Sep 15, 2016 9:38pm
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Not much space?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,502
  • Sep 16, 2016 12:26am Sep 16, 2016 12:26am
Quoting TooSlow
{image} {image} {image} Not much space?
I think what FireFries means is that as his broker day in Singapore will only just have started and so the indicator will have nothing to work with, just the same as my early am here around the Frankfurt open. Your broker start time will be different, so your indi will still be working on his ''yesterday''.
  • #6,503
  • Sep 16, 2016 12:30am Sep 16, 2016 12:30am
EURGBP Off on a bit of an early morning wander...

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  • #6,504
  • Sep 16, 2016 12:31am Sep 16, 2016 12:31am
GBPCHF Seems like it's the GBP that's the mover...

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  • #6,505
  • Sep 16, 2016 12:33am Sep 16, 2016 12:33am
USDCAD Could be interesting later if this doesn't push too far...

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  • #6,506
  • Sep 16, 2016 12:35am Sep 16, 2016 12:35am
EURJPY Adding to watch-list...

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  • #6,507
  • Sep 16, 2016 12:38am Sep 16, 2016 12:38am
AUDCAD Assuming it doesn't run away much higher, could be something here. On to the list...(Spread's not ideal, mind you).

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  • #6,508
  • Sep 16, 2016 12:41am Sep 16, 2016 12:41am
AUDNZD Pretty Maids All In A Row...Something setting up here. Another on to the list for me...

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  • #6,509
  • Sep 16, 2016 12:44am Sep 16, 2016 12:44am
NZDJPY A bit of room to move here, so maybe something to come for us...

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  • #6,510
  • Sep 16, 2016 2:22am Sep 16, 2016 2:22am
Quoting FireFries
{quote} 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
thank you for answer
  • #6,511
  • Sep 16, 2016 5:01am Sep 16, 2016 5:01am
Quoting lemercenaire
{quote} I think what FireFries means is that as his broker day in Singapore will only just have started and so the indicator will have nothing to work with, just the same as my early am here around the Frankfurt open. Your broker start time will be different, so your indi will still be working on his ''yesterday''.
That is right, Lemer, thanks for saving my day. 2 candles, 1 highest and the other, lowest, lol, anyway, usually don't trade asia.

got a question here, EU, M15 first candle of the hour hit the Day low and is a breakout candle, M15 3rd candle of the hour tested the low and fail, eventually goes up. Is this consider a valid entry or it broke rule 1?
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  • #6,512
  • Sep 16, 2016 5:06am Sep 16, 2016 5:06am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,513
  • Sep 16, 2016 5:08am Sep 16, 2016 5:08am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,514
  • Sep 16, 2016 5:24am Sep 16, 2016 5:24am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,515
  • Sep 16, 2016 6:07am Sep 16, 2016 6:07am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,516
  • Sep 16, 2016 6:36am Sep 16, 2016 6:36am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,517
  • Sep 16, 2016 6:50am Sep 16, 2016 6:50am
Nan-in, a Japanese master, received a university professor who came to inquire about Zen.

Nan-in served tea. He poured his visitor's cup full, and then kept on pouring.

The professor watched the overflow until he no longer could restrain himself. "It is overfull. No more will go in!"

"Like this cup," Nan-in said, "you are full of your own opinions and speculations. How can I show you Zen unless you first empty your cup?"
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,518
  • Sep 16, 2016 7:12am Sep 16, 2016 7:12am
Quoting TooSlow
Nan-in, a Japanese master, received a university professor who came to inquire about Zen. Nan-in served tea. He poured his visitor's cup full, and then kept on pouring. The professor watched the overflow until he no longer could restrain himself. "It is overfull. No more will go in!" "Like this cup," Nan-in said, "you are full of your own opinions and speculations. How can I show you Zen unless you first empty your cup?"
Funny you put this up. I see with clarity how support and resistance, indicators that lag and general bullshit that the 'gurus' speak of when there is no crystal ball, and only price opening higher or opening lower. When there is a breakout-stay out. My timing is much better like a well delivered jab, just taking my little pips here and there, and there is nothing the big bad monster can take from me if I follow the rules!!! Empty mind,full cup of pips.
  • #6,519
  • Sep 16, 2016 7:27am Sep 16, 2016 7:27am
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
Yes, agreed...
Have a nice day
  • #6,520
  • Sep 16, 2016 7:44am Sep 16, 2016 7:44am
Quoting Tman72
{quote} Funny you put this up. I see with clarity how support and resistance, indicators that lag and general bullshit that the 'gurus' speak of when there is no crystal ball, and only price opening higher or opening lower. When there is a breakout-stay out. My timing is much better like a well delivered jab, just taking my little pips here and there, and there is nothing the big bad monster can take from me if I follow the rules!!! Empty mind,full cup of pips.
I like that
It takes courage to grow up and become who you really are - E.E. Cummings
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