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Highest Open / Lowest Open Trade

  • #9,301
  • Dec 12, 2016 10:55am Dec 12, 2016 10:55am
Quoting profitfarmer
the losses part of the trading. today -10 pip the running total on HOLO, being a monday and all, that is just fine with me. what define a large H4 candle? in a quiet day 30 pips is large. in a busy day 60 pips seem to be bellow average.
Bigger than average range or ATR.
Greater than twice the size of the previous H4 candle.
Looks big to you.
Those are 3 ways.
Take your pick.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,302
  • Dec 12, 2016 11:04am Dec 12, 2016 11:04am
i will.
is this apply to current, or previous one before entry too?
there is always, always another trade!!
  • #9,303
  • Dec 12, 2016 11:11am Dec 12, 2016 11:11am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,304
  • Dec 12, 2016 11:14am Dec 12, 2016 11:14am
Quoting profitfarmer
i will. is this apply to current, or previous one before entry too?
Think this through.
When an H4 candle closes, which H4 is more important, current or previous?
One hour later, which H4 is more important, current or previous?
Two hours later, which H4 is more important, current or previous?
Three hours later, which H4 is more important, current or previous?



"Successful people ask better questions, and as a result, they get better answers." - Tony Robbins

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,305
  • Dec 12, 2016 11:27am Dec 12, 2016 11:27am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,306
  • Dec 12, 2016 11:35am Dec 12, 2016 11:35am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,307
  • Dec 12, 2016 11:57am Dec 12, 2016 11:57am
Quoting TooSlow
{image}
short 405 YEAH BABY. VERY NICE.
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  • #9,308
  • Dec 12, 2016 3:32pm Dec 12, 2016 3:32pm
Seems like everyone has had a busy old Monday, one way or another. Those CHF pairs were helpful for sure. On to tomorrow...
  • #9,309
  • Dec 12, 2016 11:30pm Dec 12, 2016 11:30pm
Has anyone used the "Screen 1H" indi in the paperclip? Seems like it could be super helpful but I'm not sure exactly what "Starting Hour" refers to. Lookback hours (in broker time? Mine is GMT +2). Either way, doesn't seem right. Messed around with the Starting Hour numbers (from 0 to 23) and seemed to get random results. I'm missing something, any help is appreciated!

ikdenk,
Thanks for the heads up on the HOLO alerts, really helpful! Although I've been trading for awhile I'm still a Forex Factory noob and didn't even notice the paperclip icon lol...
  • #9,310
  • Dec 13, 2016 12:40am Dec 13, 2016 12:40am
Heads up - USDJPY - maybe something setting up...

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  • #9,311
  • Dec 13, 2016 1:19am Dec 13, 2016 1:19am
GBPCHF Another slightly cramped set-up and in amongst the pivots - but might give a quick in-an-out, with potential to go big...(kind of sums up anything ever to do with CHF pairs, lol)...

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  • #9,312
  • Dec 13, 2016 1:26am Dec 13, 2016 1:26am
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I took the USD version of it several minutes back, 5 pips on a sideways market this pair, and it works.
  • #9,313
  • Dec 13, 2016 1:38am Dec 13, 2016 1:38am
I'm putting this one up kind of out of curiosity as to what will happen.

The set-up seems straightforward:
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However, take a look at the big picture:
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Then, when you consider both are tied to oil:
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Top that off with the fact that this is a pair not being actively traded at this time of the day.

Now, as I said, this is a talking-shop topic for us today for anyone who is interested. Rules is rules, for sure. However a few of us here will take other factors into account. So, where does one draw the line (no pun intended, lol). Who would take the trade? Any thoughts?

C'mon hal7 and wannalearn - you're on here just now...two of the more thoughtful crew-members. What are you thinking?
  • #9,314
  • Dec 13, 2016 1:44am Dec 13, 2016 1:44am
Quoting lemercenaire
I'm putting this one up kind of out of curiosity as to what will happen. The set-up seems straightforward: {image} However, take a look at the big picture: {image} Then, when you consider both are tied to oil: {image} Top that off with the fact that this is a pair not being actively traded at this time of the day. Now, as I said, this is a talking-shop topic for us today for anyone who is interested. Rules is rules, for sure. However a few of us here will take other factors into account. So, where does one draw the line (no pun intended, lol). Who...
Well, go by the rules and you're on +1...that spread doesn't help a lot, mind you!

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  • #9,315
  • Dec 13, 2016 1:45am Dec 13, 2016 1:45am
You are forgetting I was trained not to think by TooSlow, remember?
  • #9,316
  • Dec 13, 2016 2:02am Dec 13, 2016 2:02am
Quoting hal7
You are forgetting I was trained not to think by TooSlow, remember?
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  • #9,317
  • Dec 13, 2016 2:47am Dec 13, 2016 2:47am
You are asking for the red highlighter Lem.

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I threw caution to the wind here on the GBP above yesterday's high. Did not give it a second thought, or a first one for that matter. +5 and counting, profit locked.

I have begun tracking those moves above the previous days hi lo. Over 9 pairs. No conclusions yet, and may not be for this thread, but yesterday was 515 pips.

"The truth is you want risk. Your want some risk in your life. Risk is where the life is." - Rob Bell
  • #9,318
  • Dec 13, 2016 5:48am Dec 13, 2016 5:48am
Quoting lemercenaire
I'm putting this one up kind of out of curiosity as to what will happen. The set-up seems straightforward: {image} However, take a look at the big picture: {image} Then, when you consider both are tied to oil: {image} Top that off with the fact that this is a pair not being actively traded at this time of the day. Now, as I said, this is a talking-shop topic for us today for anyone who is interested. Rules is rules, for sure. However a few of us here will take other factors into account. So, where does one draw...
http://oilprice.com/

http://www.investing.com/quotes/us-dollar-index

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,319
  • Dec 13, 2016 5:57am Dec 13, 2016 5:57am
Quoting TooSlow
{quote} http://oilprice.com/ http://www.investing.com/quotes/us-dollar-index {image}
Yep.
  • #9,320
  • Dec 13, 2016 5:57am Dec 13, 2016 5:57am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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