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Highest Open / Lowest Open Trade

  • #9,741
  • Jan 9, 2017 5:59am Jan 9, 2017 5:59am
Quoting hal7
eutrade1a.png;2131341 This is my first trade on the 10 trade challenge EU. I moved stop to BE+1 and now have moved on to 5 trailing stop, currently +14. Seems to be textbook. {image}
Nicely done, HaL7 - You would think you had done this before .
  • #9,742
  • Jan 9, 2017 7:18am Jan 9, 2017 7:18am
I'm in. Now let's wait again.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY+M5_in.png Size: 56 KB
  • #9,743
  • Jan 9, 2017 7:22am Jan 9, 2017 7:22am
USDJPY - Trade #2 of the challenge now sitting @ BE +1
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Click to Enlarge Name: USDJPY+M5_be1.png Size: 55 KB
  • #9,744
  • Jan 9, 2017 7:27am Jan 9, 2017 7:27am
USDJPY - trade #2 of challenge. TP @ BE +1
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Click to Enlarge Name: USDJPY+M5_be1.png Size: 50 KB
  • #9,745
  • Jan 9, 2017 7:32am Jan 9, 2017 7:32am
my first HOLO trade of the year.
manual close (resistance/upcoming BRN.) +15
Attached Image (click to enlarge)
Click to Enlarge Name: HOLO 09.01.2017..png Size: 55 KB
there is always, always another trade!!
  • #9,746
  • Jan 9, 2017 7:34am Jan 9, 2017 7:34am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,747
  • Jan 9, 2017 7:36am Jan 9, 2017 7:36am
The BP H1 painted a new LO at 4 AM. It looked like a buy was triggered on the ten o clock bar, but that bar turned out to paint an even lower open, which so far is the low of that H1 bar. (I was watching it on the 15 minute) So I guess that there is no trade. However, what is maddening is that it happened so fast, it was possible to have had a buy stop in place and you would have been filled and in a profitable trade . The trade is pending. I do not get FX yet, so I am watching the Futures contract for BP. It is traded on the Chicago Mercantile Exchange. They also have a "micro contracts" on all major foreign currencies. Day trading margin is really low on the micros. less than $300.
If anyone is watching the BP/USD pair, did you see a similar pattern, and did you get a buy signal?
  • #9,748
  • Jan 9, 2017 7:39am Jan 9, 2017 7:39am
A possible...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.ecnH1somethingcomingmaybe9thjan17.png Size: 35 KB
  • #9,749
  • Jan 9, 2017 8:00am Jan 9, 2017 8:00am
USDJPY Challenge trade #3 - Out @ BE+5
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  • #9,750
  • Jan 9, 2017 8:03am Jan 9, 2017 8:03am
same UJ trade, same +5
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Click to Enlarge Name: HOLO 09.01.2017.2.png Size: 56 KB
there is always, always another trade!!
  • #9,751
  • Jan 9, 2017 8:09am Jan 9, 2017 8:09am
Just added a daily BP chart. BP made new recent low today, therefore a breakout? Therefore there was no trade. Trade with caution or find another pair?
  • #9,752
  • Edited 1:04pm Jan 9, 2017 8:09am | Edited 1:04pm
I took it as a 1-2-3 (the UJ trade, that is) but well done, guys. On to the next one!
  • #9,753
  • Jan 9, 2017 8:22am Jan 9, 2017 8:22am
USDJPY Challenge trade #4 - Take 3 on this same Lower open. Out @ BE+1

At this rate the challenge will be done sooner than later... Sooner than I thought for sure.
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Click to Enlarge Name: USDJPY+M5take3be1.png Size: 57 KB
  • #9,754
  • Jan 9, 2017 8:36am Jan 9, 2017 8:36am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,755
  • Jan 9, 2017 9:02am Jan 9, 2017 9:02am
USDJPY Challenge trade #5 - Out @ SL -44. SL was a little under 116.000. I was aiming for ~55pips gain so I thought the R:R to be fair.

Anyway here it is... Any comment would be appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY+M5SL.png Size: 58 KB
  • #9,756
  • Edited 9:28am Jan 9, 2017 9:17am | Edited 9:28am
Quoting thedrrew
USDJPY Challenge trade #4 - Take 3 on this same Lower open. Out @ BE+1 At this rate the challenge will be done sooner than later... Sooner than I thought for sure. {image}
thedrew, I looked at your chart. Five minute. It looks as if the first crossing of LO was the B/E +1 Stop-out. Did you re-enter on the 17:50 bar where price rose over 10 pips? It came down below LO but then back up over, that would have been a new H1 LO level I think. Can you tell me if you re-entered this trade?
I read your comments (thedrrew & Lemecenaire).. Were there multiple long trades in the JAP based upon your posted M5 charts. Just trying to get the method down. Thank you.
  • #9,757
  • Jan 9, 2017 9:28am Jan 9, 2017 9:28am
Quoting frisco
{quote} thedrew, I looked at your chart. Five minute. It looks as if the first crossing of LO was the B/E +1 Stop-out. Did you re-enter on the 17:50 bar where price rose over 10 pips? It came down below LO but then back up over, that would have been a new H1 LO level I think. Can you tell me if you re-entered this trade?
When the 17:50 candle opened I was in my trade #3 above. I got out of that one at BE +5.

The LO was at 17:00 until the one at 19:00.
  • #9,758
  • Jan 9, 2017 9:31am Jan 9, 2017 9:31am
USDJPY Challenge trade #6 - Out at +5 on this one. And that's me done for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY+M5out5.png Size: 57 KB
  • #9,759
  • Jan 9, 2017 9:34am Jan 9, 2017 9:34am
Quoting thedrrew
USDJPY Challenge trade #6 - Out at +5 on this one. And that's me done for the day. {image}
Good Job, Thanks for the input~
  • #9,760
  • Jan 9, 2017 9:41am Jan 9, 2017 9:41am
Quoting thedrrew
USDJPY Challenge trade #5 - Out @ SL -44. SL was a little under 116.000. I was aiming for ~55pips gain so I thought the R:R to be fair. Anyway here it is... Any comment would be appreciated. {image}
How did you come up with 44Pips loss?
1.Your trade was in profit about 12Pips
2.Your SL should be about 28Pips below last low.
Did I miss something or you just use yours own trading managment?
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