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Highest Open / Lowest Open Trade

  • #8,341
  • Oct 25, 2016 12:17pm Oct 25, 2016 12:17pm
EURCAD If not to blown out from all the 1-2-3 action and assuming we're not too late to the party, we may be able to get in here...
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  • #8,342
  • Oct 25, 2016 12:36pm Oct 25, 2016 12:36pm
NZDCAD Heads-Up, could be something on here...

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  • #8,343
  • Oct 25, 2016 12:49pm Oct 25, 2016 12:49pm
Quoting memetcetinka
Hey everybody I'm trying to understand this system but i read it like 10 times can't figure it out , can you please check the photo and tell me if this is right entry . So we should enter on that red candle cause m15 opens between D1 high and H1 high ? thank you {image}{image}
believe your sell order should be right on the H1 Higher Open Line....WHEN the price returns there.
now, there was a breakout, when one should wait for the next H1 candle to open, and then have a M5 or M15 candle close between this new zone to make the set up valid.
humbly tried to add to your picture how i understand the system.
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there is always, always another trade!!
  • #8,344
  • Oct 25, 2016 1:48pm Oct 25, 2016 1:48pm
Quoting profitfarmer
{quote} believe your sell order should be right on the H1 Higher Open Line....WHEN the price returns there. now, there was a breakout, when one should wait for the next H1 candle to open, and then have a M5 or M15 candle close between this new zone to make the set up valid. humbly tried to add to your picture how i understand the system. {image}
I'd add to this (correct) analysis by saying that price - and by extension, those candles - are all sitting on last week's pivot and has been bouncing around in the space between that and the high from earlier in the day. I would say that I'd for sure be looking for it to turn but not convinced this would be the point it would.

However - if all your rules conditions are met - enter the trade - don't talk yourself out of it. If it stops out, so be it, get ready to re-enter, as it no doubt will go later on, possibly after one more push slightly higher leading up toward the end of the US Session.
  • #8,345
  • Oct 25, 2016 2:06pm Oct 25, 2016 2:06pm
Had to recoup a loss from earlier. Got in heavy. Paid off.
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  • #8,346
  • Oct 25, 2016 3:21pm Oct 25, 2016 3:21pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,347
  • Oct 25, 2016 7:43pm Oct 25, 2016 7:43pm
AUD - Oh Aye - Thar' she blows!!!

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  • #8,348
  • Oct 25, 2016 7:49pm Oct 25, 2016 7:49pm
Quoting lemercenaire
AUD - Oh Aye - Thar' she blows!!! {image}
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  • #8,349
  • Oct 25, 2016 7:54pm Oct 25, 2016 7:54pm
Quoting lemercenaire
{quote} {image}
I had another picture in mind, actually..


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It takes courage to grow up and become who you really are - E.E. Cummings
  • #8,350
  • Oct 25, 2016 7:57pm Oct 25, 2016 7:57pm
Not Moby Dick - It's Nessie!!!

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  • #8,351
  • Oct 25, 2016 7:58pm Oct 25, 2016 7:58pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,352
  • Oct 25, 2016 7:59pm Oct 25, 2016 7:59pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,353
  • Oct 25, 2016 7:59pm Oct 25, 2016 7:59pm
Quoting PippyTheGrt
{quote} I had another picture in mind, actually.. {image}
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  • #8,354
  • Oct 25, 2016 8:00pm Oct 25, 2016 8:00pm
I just became a member so far that post has been the funniest ive see im going to check out the first few post to see how this trading style is like! Nice job on that few hundred pip move!
  • #8,355
  • Oct 25, 2016 8:00pm Oct 25, 2016 8:00pm
Quoting lemercenaire
{quote} {image}
It takes courage to grow up and become who you really are - E.E. Cummings
  • #8,356
  • Oct 25, 2016 8:03pm Oct 25, 2016 8:03pm
AUDNZD This could be fun!

DAILY
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H1
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  • #8,357
  • Oct 25, 2016 9:30pm Oct 25, 2016 9:30pm
very simple. effective.
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  • #8,358
  • Oct 25, 2016 9:48pm Oct 25, 2016 9:48pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,359
  • Oct 25, 2016 9:49pm Oct 25, 2016 9:49pm
Quoting bapakjason
very simple. effective. {image}
Can it really be this simple?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,360
  • Oct 25, 2016 9:50pm Oct 25, 2016 9:50pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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