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Highest Open / Lowest Open Trade

  • #7,021
  • Sep 30, 2016 5:30am Sep 30, 2016 5:30am
I hit my daily PM limit again.
Please post your questions about this method here instead of PMing me.
Thanks.
Cheers
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,022
  • Sep 30, 2016 5:39am Sep 30, 2016 5:39am
Quoting LinFX
Hey TooSlow and guys, I took the challenge of 10 trades with 0.01 lot. First result is a BE + 1, and price took off after the retest. The BE+1: {image} The Kaboom! after graced out: {image} 1 of 10 done, next trade coming up... Btw, I have a faulty background H1 candle indicator, can anyone suggest me a good one? Thanks guys and stay green!
Happens to me almost every day.
Get used to it.
It is a part of trading.
The mind can play tricks on you if you let it.
Just yesterday, I was messaging with a fellow trader about how I wanted to catch one for a big ride instead of getting BE+1.
Guess what happened?
The EURJPY short dropped like a rock.
At BE+5, my stop was at BE+1.
At BE+10, my stop was at BE+5.
At BE+15, I set the trailing stop to 5 pips.
Trade executed according to rules.
Stopped out at BE+78
One trade like this can make your day, week, month, year, career.
What would every trader's account look like if they were stopped out at BE+1 on each and every trade?
BE+1 is green pips.
Practice following the rules.

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,023
  • Sep 30, 2016 5:42am Sep 30, 2016 5:42am
Quoting arya.aryaee
is it a valid long position? {image}
All those extra lines have nothing to do with HOLO.
Attached Image
Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,024
  • Sep 30, 2016 6:02am Sep 30, 2016 6:02am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,025
  • Sep 30, 2016 6:05am Sep 30, 2016 6:05am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,026
  • Sep 30, 2016 6:10am Sep 30, 2016 6:10am
Another BE + 1 = Green Pips

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 41 KB


2 of 10 trades done. Next coming up!

lemercenaire, thanks! I will try to think less of negativity.

TooSlow! Thanks! Your Bruce Lee quote is so great and spot on. If I practice this BE+1 trade 10000 times then I'm actually 10000 pips in profit.

Stay green, guys!
Simplicity is the key to brilliance
  • #7,027
  • Sep 30, 2016 6:31am Sep 30, 2016 6:31am
Quoting LinFX
Another BE + 1 = Green Pips {image} 2 of 10 trades done. Next coming up! lemercenaire, thanks! I will try to think less of negativity. TooSlow! Thanks! Your Bruce Lee quote is so great and spot on. If I practice this BE+1 trade 10000 times then I'm actually 10000 pips in profit. Stay green, guys!
Well done
The broker will most likely cut you off of BE+1 trades before you reach 1,000.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,028
  • Sep 30, 2016 6:40am Sep 30, 2016 6:40am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 48 KB

Trailing stop deployed.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,029
  • Sep 30, 2016 6:48am Sep 30, 2016 6:48am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 48 KB


trailing stop hit.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,030
  • Sep 30, 2016 6:51am Sep 30, 2016 6:51am
Hey guys,

thank you TooSlow for this method,

today 2 trades, I hope according to rules:

EUR/GBP and GBP/USD 15m, both hit trailing SL, together +14 pips.

One more question

I am new to this scalping/intraday method do you use any special script for opening trades, it is really slow to open it through standard MT4 buttons :-/ for fast moving SL

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 57 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 63 KB
  • #7,031
  • Sep 30, 2016 6:53am Sep 30, 2016 6:53am
Quoting Mhons
Hey guys, thank you TooSlow for this method, today 2 trades, I hope according to rules: EUR/GBP and GBP/USD 15m, both hit trailing SL, together +14 pips. One more question I am new to this scalping/intraday method do you use any special script for opening trades, it is really slow to open it through standard MT4 buttons :-/ for fast moving SL Thanks {image}{image}
No.
Standard buttons from <Alt T>
One click trading turned on.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,032
  • Sep 30, 2016 6:55am Sep 30, 2016 6:55am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 46 KB


BE+1 hit twice in a row.
Only 9,998 to go.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,033
  • Sep 30, 2016 6:56am Sep 30, 2016 6:56am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 48 KB


My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,034
  • Sep 30, 2016 6:58am Sep 30, 2016 6:58am
TS, i know you have in the past but it sort of doesn't match with what I have.
Could you please share once again your TPL and ALL indicators you have on screen?

Thanks,
Michael
The quality of your life is brought about by the quality of your thinking.
  • #7,035
  • Sep 30, 2016 6:59am Sep 30, 2016 6:59am
Quoting TooSlow
{quote} Well done The broker will most likely cut you off of BE+1 trades before you reach 1,000.
TooSlow! I finally nailed something nice!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM152.png Size: 54 KB


BE+ 5 pips and BE + 15pips = 20 pips

4 of 10 trades done. 6 to go!

LOL, if broker stop my BE+1 trades, I'll just switch to a better one.
Simplicity is the key to brilliance
  • #7,036
  • Sep 30, 2016 7:09am Sep 30, 2016 7:09am
Quoting hornet
TS, i know you have in the past but it sort of doesn't match with what I have. Could you please share once again your TPL and ALL indicators you have on screen? Thanks, Michael
Those will only be distractions.
Swingman's indicator with the modifications is more than enough.
Stay focused on what is important.
Do not be distracted by shiny objects.
There will come a time when you do not need any indicators.
Your mind will "see" the lines.

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,037
  • Sep 30, 2016 7:11am Sep 30, 2016 7:11am
Quoting LinFX
{quote} TooSlow! I finally nailed something nice! {image} BE+ 5 pips and BE + 15pips = 20 pips 4 of 10 trades done. 6 to go! LOL, if broker stop my BE+1 trades, I'll just switch to a better one.
LinFX, you are on your way.
Do not stray.
Stay focused.
Well done

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,038
  • Sep 30, 2016 7:16am Sep 30, 2016 7:16am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 46 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,039
  • Sep 30, 2016 7:20am Sep 30, 2016 7:20am
Quoting TooSlow
{quote} Those will only be distractions. Swingman's indicator with the modifications is more than enough. Stay focused on what is important. Do not be distracted by shiny objects. There will come a time when you do not need any indicators. Your mind will "see" the lines. {image}
To be honest I am not after the lines but the one on the right that shows pairs in "odour" of a trade
The quality of your life is brought about by the quality of your thinking.
  • #7,040
  • Sep 30, 2016 7:23am Sep 30, 2016 7:23am
Hi TooSlow: I'm a College/In of Bruce Lee, I've made Show Catching

I'm not the Ripper of London hehe
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