Highest Open / Lowest Open Trade | Page 406 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

Highest & Lowest Open/Close Price for a Loop 3 replies

I need to highest and lowest SMA 14 replies

how to get yesterday price highest and lowest 7 replies

highest to lowest volume pairs??? 3 replies

Attachments: Highest Open / Lowest Open Trade
Exit Attachments

Highest Open / Lowest Open Trade

  • #8,101
  • Oct 19, 2016 8:11am Oct 19, 2016 8:11am
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
  • #8,102
  • Oct 19, 2016 8:13am Oct 19, 2016 8:13am
Quoting dominus
Hey, So I thought about entering on this trade, when it the 15M bar opened between Lower open and Low, but fortunately I didn't, because it didn't go up, but it went straight down making a new low. Any comments on this? Was it not a good trade because the price had recently opened in this area, went up and then again down, but this time it simply didn't go back up? And the 1H was too bearish as well? Thanks for the insight. {image}
Entry is at the line.
Not when candle opens below the line.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,103
  • Oct 19, 2016 8:18am Oct 19, 2016 8:18am
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
  • #8,104
  • Oct 19, 2016 8:21am Oct 19, 2016 8:21am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 52 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,105
  • Oct 19, 2016 8:22am Oct 19, 2016 8:22am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 55 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,106
  • Oct 19, 2016 8:30am Oct 19, 2016 8:30am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 57 KB


Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 55 KB


Didn't someone ask if this works?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,107
  • Oct 19, 2016 8:32am Oct 19, 2016 8:32am
Quoting ikdenk
{quote} Thanks. I suppose you only use it on pairs with big spread. Took 'revenge' on chfjpy. Stopped out twice at BE+1. Now closed at +5 pips. Did that the whole of last week, taking five pips, scalping like - made more money that way than BE+1 multiple times. Depends on the price action at the time I suppose. One thing is for sure, there is almost always volatility at the hourly opens. Maybe a quick 5 pip scalp with TP set could be an option. (4 invisibles watching at the moment - 50% of...
Master the core method and mould it to your own personality. Use what works for you. I know a number of us who use this +5 lock-in technique. Some all the time, some only at daily open. Some on certain pairs, not on others.
  • #8,108
  • Oct 19, 2016 8:48am Oct 19, 2016 8:48am
Yes, I know that. But you can see that the candle opened below the line, crossed it (triggered the trade) and then went straight down.
Quoting TooSlow
{quote} Entry is at the line. Not when candle opens below the line.
  • #8,109
  • Oct 19, 2016 8:51am Oct 19, 2016 8:51am
Quoting dominus
Yes, I know that. But you can see that the candle opened below the line, crossed it (triggered the trade) and then went straight down. {quote}
Because I would have placed a pending order which would have been triggered by the ask line (actually you can not see that from the graph).
  • #8,110
  • Oct 19, 2016 9:03am Oct 19, 2016 9:03am
Quoting TooSlow
{image} {image} Didn't someone ask if this works?

Still testing this system. Just a bit confused. On your USDCAD M5 chart you show a great trade but there is a H1 Low Breakout. Wouldn't taking this order be against the rules?

No entry on H1, M15 or M5 breakouts

Thanks!
  • #8,111
  • Oct 19, 2016 9:33am Oct 19, 2016 9:33am
Quoting dbdan
{quote} Still testing this system. Just a bit confused. On your USDCAD M5 chart you show a great trade but there is a H1 Low Breakout. Wouldn't taking this order be against the rules? No entry on H1, M15 or M5 breakouts Thanks!
Yes.
It is against the rules.
Remember rules are guidelines.
Reading through the thread you will find a discussion regarding bending the rules.

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,112
  • Oct 19, 2016 9:34am Oct 19, 2016 9:34am
Quoting dbdan
{quote} Still testing this system. Just a bit confused. On your USDCAD M5 chart you show a great trade but there is a H1 Low Breakout. Wouldn't taking this order be against the rules? No entry on H1, M15 or M5 breakouts Thanks!
There is no test.
You must take the 10 TRADE CHALLENGE.
That is the only path to mastery of this method.
To learn trading you must trade.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,113
  • Oct 19, 2016 10:44am Oct 19, 2016 10:44am
Quoting TooSlow
{image} {image} Didn't someone ask if this works?
Is this what you call a 1-2-thweeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!!?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.ecnH1a1-2-thweeeeeeeeeeeeeeeeeeee.png Size: 28 KB
  • #8,114
  • Oct 19, 2016 12:23pm Oct 19, 2016 12:23pm
Took a loss early on. Missed the winner... some days are just bad.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_7.jpg Size: 104 KB
  • #8,115
  • Oct 19, 2016 1:23pm Oct 19, 2016 1:23pm
my next project...
big money makes big moves and then hides during small money chasing.
  • #8,116
  • Oct 19, 2016 3:26pm Oct 19, 2016 3:26pm
Quoting wannalearn12
Took a loss early on. Missed the winner... some days are just bad. {image}
Yeah, I ate the loss early on as well. I did get the later winner though but only through the sheer luck of still having the chart up from the first, losing trade. Sometimes you're the ball, sometimes you're the foot.

Onward and upwards, it's the only way! You know that. Believe...
  • #8,117
  • Oct 19, 2016 3:45pm Oct 19, 2016 3:45pm
Quoting dominus
Hey, So I thought about entering on this trade, when it the 15M bar opened between Lower open and Low, but fortunately I didn't, because it didn't go up, but it went straight down making a new low. Any comments on this? Was it not a good trade because the price had recently opened in this area, went up and then again down, but this time it simply didn't go back up? And the 1H was too bearish as well? Thanks for the insight. {image}
Hi Dominus. Sorry it's a bit of a delayed reply - busy day just beginning to calm down! I went back and had a look at your trade and no, I would say you didn't do anything wrong - it was just a busted play. Everything does look ok, it just didn't work. It does happen.

I thought about why I didn't take it and tbh I had already taken a win on the pair earlier in the day and had moved on to my US Open set-ups when this HOLO set-up presented itself. If I had seen the same picture, who knows?

Looking deeper, you had the pivots there, so could have expected a possible bounce. You were below the open, however, so that's a negative. You could say that as far as price-action went, you had a row of alternating candles with long wicks leading up to this point, so showing a certain indecision.

If it's any consolation, you probably got it right, just too early. The long did happen, it just happened a bit later on.
  • #8,118
  • Oct 19, 2016 6:45pm Oct 19, 2016 6:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: UJ TO+1 20 oct.png Size: 33 KB
  • #8,119
  • Oct 19, 2016 6:59pm Oct 19, 2016 6:59pm
EJ hit SL, even though I've said in my mind, It might be a loss one, this, duh...
  • #8,120
  • Oct 19, 2016 7:50pm Oct 19, 2016 7:50pm
manual close 10 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 121 KB


No analysis. Just some common sense applied.
Simplicity is the key to brilliance
10 traders viewing now