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Highest Open / Lowest Open Trade

  • #8,001
  • Oct 17, 2016 2:48pm Oct 17, 2016 2:48pm
Quoting lemercenaire
Those HOLO traders in the Southern Hemisphere - be aware if not already, that 5 mins from now we will get the NZD Consumer Prices Index release - RED impact news.
That would be that then...

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  • #8,002
  • Oct 17, 2016 3:03pm Oct 17, 2016 3:03pm
Attached Image (click to enlarge)
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NOW DROP!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,003
  • Oct 17, 2016 3:05pm Oct 17, 2016 3:05pm
Quoting WoS
Small daily range,across all pairs today. I can't find holo for me. USDJPY? {image}
Yeah, it was tough going to find anything today. A lot of work for a Monday - but hey, better than being down a coal-mine, right?
  • #8,004
  • Oct 17, 2016 3:07pm Oct 17, 2016 3:07pm
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,005
  • Oct 17, 2016 3:11pm Oct 17, 2016 3:11pm
Attached Image (click to enlarge)
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seconds anyone?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,006
  • Oct 17, 2016 3:11pm Oct 17, 2016 3:11pm
Quoting WoS
USDJPY+5 pips {image}
You see?! You can get blood out of a stone!
  • #8,007
  • Oct 17, 2016 3:15pm Oct 17, 2016 3:15pm
Quoting TooSlow
{image} NOW DROP!
Ah'm thinkin' yoo might be tradin' one o' tham thar' Break-Out thangs, TS...

Attached Image (click to enlarge)
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  • #8,008
  • Oct 17, 2016 3:19pm Oct 17, 2016 3:19pm
NZDUSD There's got to be a 1-2-3 in there somewhere tonight surely?

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  • #8,009
  • Oct 17, 2016 3:31pm Oct 17, 2016 3:31pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,010
  • Oct 17, 2016 3:40pm Oct 17, 2016 3:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 53 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,011
  • Oct 17, 2016 3:53pm Oct 17, 2016 3:53pm
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Click to Enlarge Name: TooSlow2.png Size: 53 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,012
  • Oct 17, 2016 4:02pm Oct 17, 2016 4:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 54 KB


Does this method work?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,013
  • Oct 17, 2016 4:12pm Oct 17, 2016 4:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 54 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,014
  • Oct 17, 2016 7:14pm Oct 17, 2016 7:14pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 51 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,015
  • Oct 17, 2016 7:19pm Oct 17, 2016 7:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 51 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,016
  • Oct 17, 2016 7:59pm Oct 17, 2016 7:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 51 KB


Does this method work?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,017
  • Oct 17, 2016 8:18pm Oct 17, 2016 8:18pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 50 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,018
  • Oct 17, 2016 8:24pm Oct 17, 2016 8:24pm
Quoting TooSlow
{image} Does this method work?
Yup. Was watching this one too. I took the previous hour higher open and got out with 3.4pips. I should have waited for price to get up above DR2 more instead of trading into it. Nevertheless, took pips. The method works.
  • #8,019
  • Oct 17, 2016 8:28pm Oct 17, 2016 8:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 51 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,020
  • Oct 17, 2016 10:38pm Oct 17, 2016 10:38pm
Quoting TooSlow
{image} Does this method work?
The method work, but this is what I saw from your charts above:

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As per your rules, it's a freight train + common sense rule #0 (which is not to take the setup) and it's also an M5 breakout. So it's not a tradeable setup there. Am I right?

The same thing for the AU chart you posted above:

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M5 breakout bar, so no trade as well. Is this the right way to look at the rules? Cheers!
Simplicity is the key to brilliance
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