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Highest Open / Lowest Open Trade

  • #8,461
  • Oct 28, 2016 10:22am Oct 28, 2016 10:22am
Quoting TooSlow
{image}
stopped.
  • #8,462
  • Oct 28, 2016 12:29pm Oct 28, 2016 12:29pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,463
  • Oct 28, 2016 12:47pm Oct 28, 2016 12:47pm
Quoting TooSlow
{image}
24 hours worth of green
  • #8,464
  • Oct 28, 2016 2:58pm Oct 28, 2016 2:58pm
Quoting profitfarmer
trading week is over. ( for me, rarely trade into Friday close). a short summary of the challenge, in case someone cares to know. so far 8 trades taken on USDCAD pair. M5 as trigger. 7 BE+ trades 1 LOSS +1, +1, +5, -9, +1, +1, +10, +8 or a total +18 pips this far. Still 2 trades left for completion.
good job! i'm taking a break just watching and paper trading
#noFomo
  • #8,465
  • Oct 28, 2016 3:15pm Oct 28, 2016 3:15pm
Quoting profitfarmer
trading week is over. ( for me, rarely trade into Friday close). a short summary of the challenge, in case someone cares to know. so far 8 trades taken on USDCAD pair. M5 as trigger. 7 BE+ trades 1 LOSS +1, +1, +5, -9, +1, +1, +10, +8 or a total +18 pips this far. Still 2 trades left for completion.
Of course we do, profitfarmer, we are all in this together. Overall, a nice, steady week. It's hardly been a banner one for set-ups and to come out ahead is a win all the way. See you here next week.
  • #8,466
  • Oct 28, 2016 5:32pm Oct 28, 2016 5:32pm
Who is taking the 10 trade challenge the week of October 30, 2016?


During the challenge you are only to trade the same pair.
Beginners do not get to trade multiple pairs until they have mastered trading one single pair.
GREEN PIPS TO ALL.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,467
  • Edited 4:02pm Oct 29, 2016 11:48am | Edited 4:02pm
I'm with you!
Forgive for my English!
  • #8,468
  • Oct 29, 2016 5:51pm Oct 29, 2016 5:51pm
Quoting Romiros
I'm with you!
Welcome aboard, Romiros!
  • #8,469
  • Oct 30, 2016 12:53pm Oct 30, 2016 12:53pm
Quoting lemercenaire
{quote} I don't trade the Asian session myself, except in cases where my EURJPY Daily Break happens early UK time (like last night, as it happens), though I know TS does often venture in with HOLO. I would say that any narrow-range break strategy will work, coupled with a counter-trade/hedge element. The JPY is correlated with oil, so there may be a way to find an edge there alongside the NZD in some other method. As it happens, I think I will be meeting up with someone tomorrow who used to trade the Asian session extensively, so if I do, I will...
Any luck with your brain picking session?

I also found the daily retrace in the NY pm session useful, particularly Friday's (our Saturday morning). Last week's was particularly good with big retracement candles at 1 pm NY time.
  • #8,470
  • Oct 30, 2016 5:35pm Oct 30, 2016 5:35pm
Bruce Lees Never-Before-Seen Writings on Willpower, Emotion, Reason, Memory, Imagination, and Confidence

https://www.brainpickings.org/2016/0...-lee-notebook/

Bruce Lee on Self-Actualization and the Crucial Difference Between Pride and Self-Esteem

https://www.brainpickings.org/2015/1...e-self-esteem/

Be Like Water: The Philosophy and Origin of Bruce Lee’s Famous Metaphor for Resilience

https://www.brainpickings.org/2013/0...rtist-of-life/


Inserted Video
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,471
  • Oct 30, 2016 11:20pm Oct 30, 2016 11:20pm
Sold uj at red line. Took profit.
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  • #8,472
  • Oct 31, 2016 4:50am Oct 31, 2016 4:50am
Challenge trade #9
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there is always, always another trade!!
  • #8,473
  • Oct 31, 2016 6:07am Oct 31, 2016 6:07am
Challenge trade #10
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there is always, always another trade!!
  • #8,474
  • Oct 31, 2016 6:13am Oct 31, 2016 6:13am
Quoting ikdenk
{quote} Any luck with your brain picking session? I also found the daily retrace in the NY pm session useful, particularly Friday's (our Saturday morning). Last week's was particularly good with big retracement candles at 1 pm NY time.
Hi Buddy - to save cluttering up the thread with non-HOLO stuff, I have sent you a PM.
  • #8,475
  • Oct 31, 2016 6:34am Oct 31, 2016 6:34am
here is the 10 trade challenge summary.

total pips: +20
1x loss, 6x be+1, 3x win(+5,+10,+8)

will continue trading with few little changes:
1. add second pair to trading, EURJPY ( due to low correlation to USDCAD i traded in the challenge).
2. will increase lot size from 0.01 lot to 0.02 lot ( yes, still in testing mode!!)
3. will take half of the trade off as TP +5 pips, when the rest i will adjust to BE+1 ( this due to the high amount of be+1 trades, for now)
4. the test i took pretty mechanically, without much attention to the bigger picture. next trades will pay more attentions for the pivots, and might close trade if seem to stall at those levels.

Once again, thank you to TooSlow for the thread, and for you guys for the support.
there is always, always another trade!!
  • #8,476
  • Oct 31, 2016 6:45am Oct 31, 2016 6:45am
Quoting profitfarmer
here is the 10 trade challenge summary. total pips: +20 1x loss, 6x be+1, 3x win(+5,+10,+8) will continue trading with few little changes: 1. add second pair to trading, EURJPY ( due to low correlation to USDCAD i traded in the challenge). 2. will increase lot size from 0.01 lot to 0.02 lot ( yes, still in testing mode!!) 3. will take half of the trade off as TP +5 pips, when the rest i will adjust to BE+1 ( this due to the high amount of be+1 trades, for now) 4. the test i took pretty mechanically, without much attention to the bigger picture....
Will look forward to your results.
  • #8,477
  • Oct 31, 2016 6:52am Oct 31, 2016 6:52am
Quoting bapakjason
{quote} Will look forward to your results.
Focus on YOUR RESULTS.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,478
  • Oct 31, 2016 6:53am Oct 31, 2016 6:53am
STOICISM 101: THE #1 THING TO KNOW

“The single most important practice in Stoic philosophy is differentiating between what we can change and what we can’t. What we have influence over and what we do not. A flight is delayed because of weather—no amount of yelling at an airline representative will end a storm. No amount of wishing will make you taller or shorter or born in a different country. No matter how hard you try, you can’t make someone like you. And on top of that, time spent hurling yourself at these immovable objects is time not spent on the things we can change.

The recovery community practices something called the Serenity Prayer: ‘God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.’ Addicts cannot change the abuse suffered in childhood. They cannot undo the choices they have made or the hurt they have caused. But they can change the future—through the power they have in the present moment. As Epictetus said, they can control the choices they make right now.

The same is true for us today. If we can focus on making clear what parts of our day are within our control and what parts are not, we will not only be happier, we will have a distinct advantage over other people who fail to realize they are fighting an unwinnable battle.”

– Ryan Holiday and Stephen Hanselman

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,479
  • Oct 31, 2016 7:02am Oct 31, 2016 7:02am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,480
  • Oct 31, 2016 7:08am Oct 31, 2016 7:08am
Quoting bapakjason
{quote} Will look forward to your results.
just like to clarify a bit the context to my prior post.

the 10 trade challenge by TooSlow is great as is, there is no need to change on it!
it is a great way to challenge yourself to stick to the rules, force discipline to yourself, and with it it enforce good trading habits.
as for newer traders i would not only say 10, but at least 20 trade challenge.
and yes, 1 single pair only!

the few mentions in my post are down to personal reasons.
the extra pair to add to possible trading is due the completion of the challenge.
the part closing to handle risk.
the double lot size to a whopping 0.02 lot!! is to be able to close half...something impossible with 0.01 lot.
all the above, because i have a good many years experience trading. (7?), and because at heart i am a scalper and has a need to secure pips. for now. personal comfort.

YET, as the 0.02 lot size suggest, i am still learning/practicing this method, and fully intend to do so as the general rules laid out!!
the posted summary was just a follow up on the challenge, as i feel that many here says they will take it, some break rules along the way, most for one reason or another doesnt bother to post their results.
as for one, i think new traders to this method has a need to see that it can work following the rules.
as you go along your journey you will start to understand better the heads-up and follow-up charts posted by TooSlow, Lem, and the others.

please, read my post(s) in the light of these, and most importantly take your time and the 10 trade challenge ( on 1 single pair) and see your results for yourself, as end of the day that will be the only thing matter!
there is always, always another trade!!
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