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Highest Open / Lowest Open Trade

  • #7,881
  • Oct 13, 2016 6:14pm Oct 13, 2016 6:14pm
Quoting dbdan
{quote} Hi lemercenaire. Thanks for the welcome! I've read through Post #1 numerous times and looked at the graphically examples. I didn't really find my answer but I'm assuming no you wait until another H1 high open or low open. I'm slowly reading through all the posts.
Well, actually yes...and no...and yes!

Yes: In the scenario you suggest, you can enter the trade on the opening of a second bite of the ''Area of Interest'' as you have missed the earlier entry, so long as you get an m15/m5 entry candle as always. I don't think anyone would deny you that. Most, if not all, the experienced traders here would do that (I think - I know I do) so long as you don't push your luck with four or five 'bites'.

No: Rule #6 says only one trade per bar. However, I always interpreted that rule as not adding to your position on the same bar. So again, Yes, you'd be ok.
  • #7,882
  • Oct 13, 2016 6:50pm Oct 13, 2016 6:50pm
Quoting TooSlow
{quote} The one that plots the BLACK DASHED LINES: _ _ _ _ _ +n
and this is what I said, I used Fibo
add level by 10% on fibo from 0-100% so I get 10 level, then draw 50.0pips range and I get +5.0pips range every level
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  • #7,883
  • Oct 13, 2016 6:51pm Oct 13, 2016 6:51pm
Quoting lemercenaire
No: Rule #6 says only one trade per bar. However, I always interpreted that rule as not adding to your position on the same bar. So again, Yes, you'd be ok.
Rule #6 is to prevent OVER TRADING.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,884
  • Oct 13, 2016 6:58pm Oct 13, 2016 6:58pm
Quoting TooSlow
{quote} Rule #6 is to prevent OVER TRADING.
  • #7,885
  • Oct 13, 2016 6:59pm Oct 13, 2016 6:59pm
Quoting TooSlow
{quote} 1) Bid = Highest open = Sell Ask = Lowest open = Buy 2) GBP was going up that day. Some call it DEAD CAT BOUNCE. We do not discuss S and R or any other trading concept here. We only discuss trading reality. 3) A big (bigger than usual) candle sometimes (usually) is followed by a candle closing in the same direction. Trade accordingly.
1. I see, this is the answer I seek, I need to wait Ask price open below LO then
2. hmm, duh, it seems I need to ask higher timeframe for that
3. sometimes (usually) is followed by a candle closing in the same direction, huh... well I had known this already, after price retrace about 50% prev bigger candle than usual price will continue to follow that big candle, then again, is it rather to wait for the some (or many hour) after big candle movement until market gone stable?
  • #7,886
  • Oct 13, 2016 7:14pm Oct 13, 2016 7:14pm
Quoting Smmo
{quote} Yes the Black Dashed Lines``...can you share aosora pls?
here
  • #7,887
  • Oct 13, 2016 7:42pm Oct 13, 2016 7:42pm
AUDJPY The boys from down under are off on a walkabout across the board again...

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  • #7,888
  • Oct 13, 2016 11:15pm Oct 13, 2016 11:15pm
Quoting aosora
{quote} and this is what I said, I used Fibo add level by 10% on fibo from 0-100% so I get 10 level, then draw 50.0pips range and I get +5.0pips range every level {image}
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 51 KB


Here is my attempt to have the step lines.
Draw_Pip_Lines=true to draw the line.
PipIncrement = 5.0 to set the spacing.
NumPipLines = 5 how many lines you want drawn.
Updated smHiLoOpen Lines_v1.2 attached below.
Attached File(s)
File Type: mq4 smHiLoOpen Lines_v1.2.mq4   38 KB | 543 downloads
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,889
  • Oct 14, 2016 1:38am Oct 14, 2016 1:38am
GBPUSD Earlybird Heads-Up...

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  • #7,890
  • Oct 14, 2016 1:56am Oct 14, 2016 1:56am
EURGBP Missed this one - oh well...

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  • #7,891
  • Oct 14, 2016 1:58am Oct 14, 2016 1:58am
GBPUSD An early bag...

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  • #7,892
  • Oct 14, 2016 2:00am Oct 14, 2016 2:00am
USDCHF Could be...Heads-Up...

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  • #7,893
  • Oct 14, 2016 2:16am Oct 14, 2016 2:16am
AUD throwing its weight about again this morning...
  • #7,894
  • Oct 14, 2016 2:21am Oct 14, 2016 2:21am
Quoting lemercenaire
AUD throwing its weight about again this morning...
Eat hardy.
  • #7,895
  • Oct 14, 2016 2:27am Oct 14, 2016 2:27am
Quoting lemercenaire
USDCHF Could be...Heads-Up... {image}
USDCHF Eventual Break-Out into a 1-2-3 set-up...

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  • #7,896
  • Oct 14, 2016 3:16am Oct 14, 2016 3:16am
Quoting TooSlow
{image} Avoid Getting Freight Trained Look at the last 3 green candles on the chart. When you are in a trade and Price fails to penetrate the middle of the previous candle and Reverses back towards your entry You may be looking at a FREIGHT TRAIN. Take your BE+1 or BE. Then refer to Rule #5.
Thank you for this TS. Would you say the norm is 3 candles?
  • #7,897
  • Oct 14, 2016 3:28am Oct 14, 2016 3:28am
Freight train on CHFJPY 15Min chart now happening for those who want to check it out... (I think)
  • #7,898
  • Oct 14, 2016 3:40am Oct 14, 2016 3:40am
Quoting Rocket101
Freight train on CHFJPY 15Min chart now happening for those who want to check it out... (I think)
Is my analysis correct?
Attached Image (click to enlarge)
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  • #7,899
  • Oct 14, 2016 4:05am Oct 14, 2016 4:05am
A/U has fulfill that daily range.... i hope it wil go back down nou
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  • #7,900
  • Oct 14, 2016 5:10am Oct 14, 2016 5:10am
AUDUSD Ooooooooo...anyone brave enough to take the Short?! Way above those Pivots...Topped this week's Daily Range already...Bueller?...Bueller?...

Wonder what a Rat would do?

1-2-3?

H1
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M5
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