Highest Open / Lowest Open Trade

Sooner or later must let go of my short bias toward GBP.

Sooner or later must let go of my short bias toward EURUSD.

Good for BE+5

taken this entry hope we see green pips

11 Things You Can’t Change, So Quit Wasting Your Time Trying

https://medium.com/marketing-and-ent...223#.3vh58t3dv

This was the trade of the day@

EurUsd +1
GbpCad +5

GbpUsd +1

There is no shame is taking BE+5 instead of BE+1.
Waiting and hoping for the BIG PIPS to happen may result in little pips.
Having 5 or more BE+5 trades at the end of the day means 25 or more pips.
Doing this consistently means increasing lot size increases your profit dollars.
No need for BIG PIPS to make BIG DOLLARS.

agree.
in the GU case, after a bigger move, a bigger pullback also was on the card, but not unhappy for the BE+1.
an opportunity, what at that point has zero chance to lose.
3 trades 3 wins today ( no loss is a win, right?), even if "only" 7 pips in total. i am satisfied.
but you are very correct, 5 pips is nicer.
lets see what tomorrow brings.

I have a question.

1) Did a new daily high or new daily low happen during the previous bar. If YES/TRUE go to question 2, otherwise find another pair.

2) Did this bar test ( get near ) the new daily high or new daily low of the previous bar. If YES/TRUE go to question 3, otherwise find another pair.

3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open, otherwise do not enter the trade.

GBPUSD 16:00 bar is not suitable for question 1. Because the highest price of the day is at 11:00 H1 bar (1.27747). Why did you enter this trade TooSlow?

i believe your question is about 1-2-3 entry, that TooSlow's other thread.
this one is HOLO, bit different entry rules.

Rules can be bent.
Rules can be broken.
Do not form this habit.

http://www.abs.gov.au/ausstats/[email protected]&num=&view=

Look out for the Aussie pairs tomorrow.

GBPNZD Is it just me, or is there a breakout going on somewhere?

Back at it again on the CHF. Took most off on profit at +5, and currently sit at +11.8. As it slowly creeps upward. The screen warned me I was on a high breakout. It initially alarmed me but then I remembered I was long and relaxed.