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Highest Open / Lowest Open Trade

  • #7,701
  • Oct 11, 2016 12:53am Oct 11, 2016 12:53am
1st
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  • #7,702
  • Oct 11, 2016 1:15am Oct 11, 2016 1:15am
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Okay AU, time to let you go.
Simplicity is the key to brilliance
  • #7,703
  • Oct 11, 2016 1:38am Oct 11, 2016 1:38am
Trade #8: GBP/USD
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Student of the Markets
  • #7,704
  • Oct 11, 2016 2:04am Oct 11, 2016 2:04am
nice profit if rule #1 were to break
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  • #7,705
  • Oct 11, 2016 2:22am Oct 11, 2016 2:22am
Quoting lemercenaire
{quote} AUDUSD You're butting up against both weekly and daily pivots down there...You might be more likely to get a 1-2-3 out of it... {image}
AUDUSD Ended up going down to the second level of pivots, eventually turning at the weekly low...

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  • #7,706
  • Oct 11, 2016 2:30am Oct 11, 2016 2:30am
Quoting lemercenaire
{quote} AUDUSD Ended up going down to the second level of pivots, eventually turning at the weekly low... {image}
Cool! Did you use Davit Pivots?

Sadly, AU offer no entry for beginner like me who follow the rule #3. So rule #5 coming up, but I've decided to let go AU for now
Simplicity is the key to brilliance
  • #7,707
  • Oct 11, 2016 2:30am Oct 11, 2016 2:30am
Quoting lemercenaire
{quote} Look how the GBPJPY turned when faced with a similar set up... {image}
GBPJPY did also eventually continue to play along the pivot points before also dropping to the next level, this time to that day's (yesterday's) low...

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  • #7,708
  • Oct 11, 2016 3:24am Oct 11, 2016 3:24am
Quoting aosora
nice profit if rule #1 were to break {image}
Perhaps we should look further to the left??

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But TooSlow said no analysis needed. So, this is kind of paradox for me. But if you see it like the picture above, we will need to use historical data to support our current day analysis as well, so we will know if the "breakout" is actually a chance for 1-2-3.

However, even if you did entered there, you will still get out with BE+1 in EJ scenario:

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Reason: Rule #4 need you to move SL to BE+1 at +5. So you will miss a big portion of the profit, too. But we know, we have rule #5.

Question is, do you have that kind of patience?

I think this is tough for beginner, but getting easier when we are like TS, PtG, lemercenaire, etc. as they know when they should bend, or even break the rules for their needs. Just some opinions, please correct me if I'm wrong, also a noobs here. Cheers!
Simplicity is the key to brilliance
  • #7,709
  • Oct 11, 2016 3:28am Oct 11, 2016 3:28am
Trade #9: GBP/USD
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Student of the Markets
  • #7,710
  • Oct 11, 2016 3:58am Oct 11, 2016 3:58am
Quoting LinFX
{quote} Perhaps we should look further to the left?? {image} But TooSlow said no analysis needed. So, this is kind of paradox for me. But if you see it like the picture above, we will need to use historical data to support our current day analysis as well, so we will know if the "breakout" is actually a chance for 1-2-3. However, even if you did entered there, you will still get out with BE+1 in EJ scenario: {image} Reason: Rule #4 need you to move SL to BE+1 at +5. So you will miss a big portion of the profit, too....
nah, I don't think so but,
yes if EJ has no spread (even the smallest spread I know is 0.2) and in my chart, the one which you pointed above, I have yet to gain +5.0 (about +4.8 due to spread) or only +2.3pips if I were to use real acc (2.x spread),
that's why I said nice profit if rule #1 were to break, and it stopped above pd open
  • #7,711
  • Oct 11, 2016 4:02am Oct 11, 2016 4:02am
AUD/USD has exededed daily range i think is time to buy it.........
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  • #7,712
  • Oct 11, 2016 4:09am Oct 11, 2016 4:09am
Quoting LinFX
{quote} Perhaps we should look further to the left?? {image} But TooSlow said no analysis needed. So, this is kind of paradox for me. But if you see it like the picture above, we will need to use historical data to support our current day analysis as well, so we will know if the "breakout" is actually a chance for 1-2-3. However, even if you did entered there, you will still get out with BE+1 in EJ scenario: {image} Reason: Rule #4 need you to move SL to BE+1 at +5. So you will miss a big portion of the profit, too. But we know, we have rule #5....
''we will need to use historical data to support our current day analysis as well, ''

Be careful of ''paralysis-through-analysis'' though. Yes, be aware of your surroundings - but I'd be more inclined to check up on the H4 chart for that and not further back on the m15. HOLO deals with what is happening now, right in front of you.
  • #7,713
  • Oct 11, 2016 4:16am Oct 11, 2016 4:16am
USDCAD Might give us something - if not right now, then once the N. American markets re-open after the holidays.

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  • #7,714
  • Oct 11, 2016 4:17am Oct 11, 2016 4:17am
GBPJPY Might be worth a watch...

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  • #7,715
  • Oct 11, 2016 4:47am Oct 11, 2016 4:47am
Quoting lemercenaire
{quote} ''we will need to use historical data to support our current day analysis as well, '' Be careful of ''paralysis-through-analysis'' though. Yes, be aware of your surroundings - but I'd be more inclined to check up on the H4 chart for that and not further back on the m15. HOLO deals with what is happening now, right in front of you.
Thanks Buddy! I'll tattoo this into my brain!
Simplicity is the key to brilliance
  • #7,716
  • Oct 11, 2016 5:39am Oct 11, 2016 5:39am
NU running & EU SL hit
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  • #7,717
  • Oct 11, 2016 6:17am Oct 11, 2016 6:17am
Trade #10: GBP/USD
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Student of the Markets
  • #7,718
  • Oct 11, 2016 6:37am Oct 11, 2016 6:37am
Complicated vs. Complex.

There’s a big difference and we want to embrace it in our lives. As we strive to optimize + actualize, we often want to believe that our lives are simply “complicated”—hard to figure out but once you do, you’re all set.

But, our lives are NOT complicated. They are COMPLEX. Very big difference.

With the wisdom to see the complexity, we realize that our lives are incredibly dynamic. We’re NEVER going to figure it out once and for all. As The Tools guys say, we’re never going to be exonerated from all future effort. Life will A.L.W.A.Y.S. present new challenge.

Embracing that reality is a very wise thing to do. Are you?

- Brian Johnson

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,719
  • Oct 11, 2016 6:39am Oct 11, 2016 6:39am
GBPUSD+1pip
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  • #7,720
  • Oct 11, 2016 6:39am Oct 11, 2016 6:39am
Quoting Davit
Hi TS Thanks for your chart on AJ you got me looking at it and just closed AJ+138pips in less then 1hr cheers
AJ's range isn't 100 pips.
You must be adding up multiple entries.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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