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Highest Open / Lowest Open Trade

  • #6,981
  • Sep 29, 2016 12:18pm Sep 29, 2016 12:18pm
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The 5 pip trailing stop got me the Lion's share
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,982
  • Sep 29, 2016 12:28pm Sep 29, 2016 12:28pm
Quoting TooSlow
{image} The 5 pip trailing stop got me the Lion's share
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  • #6,983
  • Sep 29, 2016 12:31pm Sep 29, 2016 12:31pm
very nice System, total easy to trade HiLo

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EURUSD Chart H1

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  • #6,984
  • Sep 29, 2016 12:39pm Sep 29, 2016 12:39pm
Fully baked

In medical school, an ongoing lesson is that there will be ongoing lessons. You're never done. Surgeons and internists are expected to keep studying for their entire careerin fact, it's required to keep a license valid.

Knowledge workers, though, the people who manage, who go to meetings, who market, who do accounting, who seek to change things around themknowledge workers often act as if they're fully baked, that more training and learning is not just unnecessary but a distraction.

The average knowledge worker reads fewer than one business book a year.
On the other hand, the above-average knowledge worker probably reads ten.

Show me your bookshelf, or the courses you take, or the questions you ask, and I'll have a hint as to how much you care about levelling up.

- Seth Godin

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,985
  • Sep 29, 2016 12:56pm Sep 29, 2016 12:56pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,986
  • Sep 29, 2016 1:12pm Sep 29, 2016 1:12pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,987
  • Edited 3:15pm Sep 29, 2016 2:59pm | Edited 3:15pm
Hi Everyone,

I have been following this thread since a couple weeks. I am really impressed by this system and I want to thank Tooslow for starting the thread and for keeping it so clean!

I took about 20 trades live with mixed results. My only problem is sticking to the plan, but the system is clearly simple and profitable.

Its simplicity gives you a nice understanding of the market rhythm.

Thanks TooSlow!
  • #6,988
  • Sep 29, 2016 4:22pm Sep 29, 2016 4:22pm
Quoting kunz78
Hi Everyone, I have been following this thread since a couple weeks. I am really impressed by this system and I want to thank Tooslow for starting the thread and for keeping it so clean! I took about 20 trades live with mixed results. My only problem is sticking to the plan, but the system is clearly simple and profitable. Its simplicity gives you a nice understanding of the market rhythm. Thanks TooSlow!
Well, you know what you need to work on!

Attached Image


Welcome aboard, kunz78.
  • #6,989
  • Sep 29, 2016 4:33pm Sep 29, 2016 4:33pm
Quoting kunz78
Hi Everyone, I have been following this thread since a couple weeks. I am really impressed by this system and I want to thank Tooslow for starting the thread and for keeping it so clean! I took about 20 trades live with mixed results. My only problem is sticking to the plan, but the system is clearly simple and profitable. Its simplicity gives you a nice understanding of the market rhythm. Thanks TooSlow!
Welcome to the thread, kunz78.

Failure to stick to the plan, even one time, means you start the 10 Trade Challenge over.
Take the time to read through the thread.
There are lots of messages and links dealing with psychology, the mind and habits.
You have to master yourself before you can master trading.
The journey is lifelong.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,990
  • Sep 29, 2016 4:43pm Sep 29, 2016 4:43pm
Quoting ghostbiker
very nice System, total easy to trade HiLo {image} EURUSD Chart H1 {image}
What time are these trades relative to GMT?
  • #6,991
  • Sep 29, 2016 6:02pm Sep 29, 2016 6:02pm
1st chance: 50pips (highest open line: @09:00)
2nd chance: 50pips (highest open line: @18:00)
3rd chance: 50pips (highest open line: @19:00)

even if I'm getting green pips, I hope I did open at the right time and place!
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  • #6,992
  • Sep 29, 2016 7:43pm Sep 29, 2016 7:43pm
Quoting aosora
1st chance: 50pips (highest open line: @09:00) 2nd chance: 50pips (highest open line: @18:00) 3rd chance: 50pips (highest open line: @19:00) even if I'm getting green pips, I hope I did open at the right time and place! {image}
I checked them.
The 3 entries are all valid HOLO entries.
Notice you had 3 entries running at the same time. This has consequences w.r.t. overall risk. Was this in your plan ?
What about the take profit, was this according to post #1 and if not, was it part of your plan ?
Where were your stops ?
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,993
  • Sep 29, 2016 11:28pm Sep 29, 2016 11:28pm
Quoting TooSlow
{quote} Welcome to the thread, kunz78. Failure to stick to the plan, even one time, means you start the 10 Trade Challenge over. Take the time to read through the thread. There are lots of messages and links dealing with psychology, the mind and habits. You have to master yourself before you can master trading. The journey is lifelong.

Hi there TooSlow, Could you please check my chart on AUDNZD, the price went below the Lower Open and I had entered when the M15 went up and closed green...

Anything I did wrong with the trade?

Thanks

AJ
Attached Image(s) (click to enlarge)
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If you do not risk it, you cant make it, you cant risk nothing for somethin
  • #6,994
  • Sep 29, 2016 11:34pm Sep 29, 2016 11:34pm
Quoting AgaJo
{quote} Hi there TooSlow, Could you please check my chart on AUDNZD, the price went below the Lower Open and I had entered when the M15 went up and closed green... Anything I did wrong with the trade? Thanks AJ {image} {image}
Get rid of all that other junk on your chart.
You do not need it.
Nothing wrong.
Win some.
Lose some.
It is called TRADING.
Trading is UNCERTAIN.
Learn to live with uncertainty if you want to trade.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,995
  • Sep 29, 2016 11:41pm Sep 29, 2016 11:41pm
Quoting PippyTheGrt
{quote} I checked them. The 3 entries are all valid HOLO entries. Notice you had 3 entries running at the same time. This has consequences w.r.t. overall risk. Was this in your plan ? What about the take profit, was this according to post #1 and if not, was it part of your plan ? Where were your stops ?
1. um... what is "w.r.t."?
2. Was this in your plan? "Rule #6. One trade per bar." I'm following this, even though I did a little mistake for the 2nd entry.
3. What about the take profit,... mm... is there a rule for this? or I'm missing this rule? Only this what I read from the #1, so those 3 orders were stopped by Trailing Stop
Quote
Take profit by moving stop.
4. Where were your stops? I put my stop (SL) a little above Day's High (yellow line). Due to price moving down, SL has moved by TrSL until stopped itself.
Quote
Stop loss is the current daily high or current daily low.
  • #6,996
  • Sep 29, 2016 11:46pm Sep 29, 2016 11:46pm
Hi Tooslow
Just one word: perfect. Very simple, easy understand.

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  • #6,997
  • Sep 29, 2016 11:46pm Sep 29, 2016 11:46pm
Quoting ghostbiker
very nice System, total easy to trade HiLo {image} EURUSD Chart H1 {image}
Hello ghostbiker,
I have some questions.
1.Do you know how the buy/sell level calculated?
2.What season's do you trade?
3.Do you hedge orders and how many risk you take?

Kind regards
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  • #6,998
  • Sep 29, 2016 11:49pm Sep 29, 2016 11:49pm
Quoting TooSlow
{quote} Get rid of all that other junk on your chart. You do not need it. Nothing wrong. Win some. Lose some. It is called TRADING. Trading is UNCERTAIN. Learn to live with uncertainty if you want to trade.

Thanks TooSlow, just making sure that I did get the rules right..

Yeap trading is sure uncertain, thanks for the prompt reply..
If you do not risk it, you cant make it, you cant risk nothing for somethin
  • #6,999
  • Sep 29, 2016 11:53pm Sep 29, 2016 11:53pm
Quoting Antony_sg
Hi Tooslow Just one word: perfect. Very simple, easy understand. {image}
In very recent any trade formed in your GJ chart?
  • #7,000
  • Edited Sep 30, 2016 1:23am Sep 29, 2016 11:53pm | Edited Sep 30, 2016 1:23am
Yum yum yum

well then :0
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