Highest Open / Lowest Open Trade
- #9,802
- Jan 10, 2017 6:49am Jan 10, 2017 6:49am
- Joined Mar 2012 | Status: Trader | 14,389 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #9,803
- Jan 10, 2017 6:49am Jan 10, 2017 6:49am
- Joined Mar 2012 | Status: Trader | 14,389 Posts
{quote} But I can't see a M5 or M15 open above the highest open so no trade according to the rules??
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #9,804
- Jan 10, 2017 6:51am Jan 10, 2017 6:51am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
there is always, always another trade!!
- #9,807
- Jan 10, 2017 7:05am Jan 10, 2017 7:05am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
there is always, always another trade!!
- #9,809
- Jan 10, 2017 7:13am Jan 10, 2017 7:13am
The problem with bending is that it can become a stress. "Should I bend now or should I not... When should I bend..." And instead of focusing and making it simple we get a headache and start making weird trades.
At the beginning I think it is really important to focus on "practicing one kick 10,000 times"
At the beginning I think it is really important to focus on "practicing one kick 10,000 times"
- #9,810
- Jan 10, 2017 7:16am Jan 10, 2017 7:16am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
The problem with bending is that it can become a stress. "Should I bend now or should I not... When should I bend..." And instead of focusing and making it simple we get a headache and start making weird trades. At the beginning I think it is really important to focus on "practicing one kick 10,000 times"
- #9,811
- Jan 10, 2017 7:21am Jan 10, 2017 7:21am
- Joined Mar 2012 | Status: Trader | 14,389 Posts
UC SL-8 {image}
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #9,812
- Jan 10, 2017 7:25am Jan 10, 2017 7:25am
- Joined Mar 2012 | Status: Trader | 14,389 Posts
The problem with bending is that it can become a stress. "Should I bend now or should I not... When should I bend..." And instead of focusing and making it simple we get a headache and start making weird trades. At the beginning I think it is really important to focus on "practicing one kick 10,000 times"
Trading is no different.
When you walk into the gym, you don't start power lifting 500# from day.
You learn proper lifting form so you do not injure yourself.
Trading is no different.
That is the reason those who ask about others get admonished to focus on themselves, their trades and their portfolios.
What others do should be of no concern.
Focus.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #9,813
- Jan 10, 2017 7:48am Jan 10, 2017 7:48am
- Joined Mar 2012 | Status: Trader | 14,389 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #9,814
- Jan 10, 2017 7:49am Jan 10, 2017 7:49am
- Joined Mar 2012 | Status: Trader | 14,389 Posts
Sticking with ONE PAIR can be profitable.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #9,815
- Jan 10, 2017 8:49am Jan 10, 2017 8:49am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
there is always, always another trade!!
- #9,816
- Edited 10:13am Jan 10, 2017 9:44am | Edited 10:13am
With my charting I have kept busy watching three markets. I have a futures data feed, but the CME (Chicago Mercantile Exch) created FX futures contracts and of course they offer three types of the major currencies. Regular size contract, Mini, and micro. I have traded the mini. A point is $6.25
With that stated, Two trades in the Euro today so far Both profitable. One contract only. $650
Aussie: Two trades. 1) a long trade closed at $200, Now in a short trade pending with $160 profit
The Nasdaq 100 Mini Contract:One sell trade for $120 (Still working out trailing stops on this)
Now this is an iffy trade I did not take. The market JUST touched my LO. Had I been filled...it would still be long with a $200 profit. However...this means I would have bent the rules and used a MIT order instead of buying with momentum AFTER a close below the LO level. I have to add this observation,because I have watched the Nas 100 for a long time. On my 5 min chart, There were two large volume spikes as PX approached and touched the LO Level. This is why I thought that the LO level would hold and a buy would have worked. (it did as I mentioned)
I hope I am "getting it" I think I would need a template of sorts to be able to monitor all the majors. But I will approach HOLO day by day.
I just closed the Second Aussie trade off with a 21 pt. profit ($210 Aussie point = $10)) The five minute was consolidating. I am content with 21 points.I am done for the time being. Will continue to watch though. By the way, the Euro dropped through the LO level. I expect to paint a new level on the hour. 1:00 PM New Euro LO Level just marked.
With that stated, Two trades in the Euro today so far Both profitable. One contract only. $650
Aussie: Two trades. 1) a long trade closed at $200, Now in a short trade pending with $160 profit
The Nasdaq 100 Mini Contract:One sell trade for $120 (Still working out trailing stops on this)
Now this is an iffy trade I did not take. The market JUST touched my LO. Had I been filled...it would still be long with a $200 profit. However...this means I would have bent the rules and used a MIT order instead of buying with momentum AFTER a close below the LO level. I have to add this observation,because I have watched the Nas 100 for a long time. On my 5 min chart, There were two large volume spikes as PX approached and touched the LO Level. This is why I thought that the LO level would hold and a buy would have worked. (it did as I mentioned)
I hope I am "getting it" I think I would need a template of sorts to be able to monitor all the majors. But I will approach HOLO day by day.
I just closed the Second Aussie trade off with a 21 pt. profit ($210 Aussie point = $10)) The five minute was consolidating. I am content with 21 points.I am done for the time being. Will continue to watch though. By the way, the Euro dropped through the LO level. I expect to paint a new level on the hour. 1:00 PM New Euro LO Level just marked.
- #9,818
- Jan 10, 2017 10:44am Jan 10, 2017 10:44am
- Joined Mar 2012 | Status: Trader | 14,389 Posts
I hope I am "getting it" I think I would need a template of sorts to be able to monitor all the majors. But I will approach HOLO day by day.
You are not getting it at all.
Have you read Post #1?
Do you understand you need to take the 10 Trade Challenge and trade only one pair?
Or are those words lost on you?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #9,820
- Jan 10, 2017 5:51pm Jan 10, 2017 5:51pm
- Joined Mar 2012 | Status: Trader | 14,389 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade