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Highest Open / Lowest Open Trade

  • #9,861
  • Jan 12, 2017 7:40am Jan 12, 2017 7:40am
Quoting scottlhh
Finally completed the challenge. Took me quite a while. 8 winners and 2 losers: +5 +1 +5 +5 +5 -18 +15 +1 +5 -25 Done with 0.01 lot in real account. If with proper MM result will be on the positive side. Next try to practice more kicks I guess.
congrats for completing the challenge!
the results look breakeven, not bad at all, after all only 2 losers there.
something what TooSlow said to me was that it is OK to use decision over a purely mechanic approach when it comes to profit.
ie. sometimes might look just fine to get out of a trade at +10, vs. taking a chance and close at +5.

but that again, up to your own preference.
just above a trade, i closed before high impact news, on +10.
decided that dont want to risk a possible fat slippage on SL, even if SL was already on +5. high impact news can work out real good, or real bad.
as it turned out, the news came mild, and i could have a +20, instead of the +10 booked.
but that was a decision i made, and there is always another trade, without added riskof the high impact news.

keep kicking!
there is always, always another trade!!
  • #9,862
  • Jan 12, 2017 7:45am Jan 12, 2017 7:45am
How Athletes Can Benefit From Sports Psychology

In today’s world of sports, there has been in an increasing interest for athletes to engage in mental training. Many athletes looking for a competitive advantage have turned to sports psychology for an answer.

Yet a vast number of athletes think sports psychology is for “head cases” or don’t see how mental training can improve their performance.

So these athletes turn to more physical training or practice, which often breaks down their bodies causing performance to actually suffer.

Sports psychology gets a bad rap at times. Some athletes think something needs to be wrong in order for you to get benefits from mental training. That is the furthest thing from the truth.

Sports psychology can definitely get you back on track if you are experiencing difficulty with your competitive play, but when you utilize mental training to improve little things in your mental game, you will be able to take your game to a whole new level.

Just as it is necessary to condition your body to prepare for the rigors of competition, mental training provides the necessary mental preparation for the psychological challenges of sport.

Mental training can clear your mind so you can focus on your tactics, strategy and the play right in front of you. When you are competing at peak mental and physical levels, you are more apt to rise to the level of your potential.

Sports psychologist Dr. Jim Bauman, who has mentally trained Olympic athletes and Navy SEALS, compares athletic performance to the performance of a computer.

Optimal computer performance requires a seamless integration of different computer systems, just like athletic performance requires a balance of physical and mental processes to produce the best results in the competitive arena.

BAUMAN: "I have often compared elite athletic performance to our modern-day computer systems—it’s similar in terms of hardware, software and disk operating system (DOS). Hardware is your body below the chin, software is your body above the chin, or your brain, and your DOS is the operating system that makes your body and brain work together."

"All three components are necessary for the system to work at maximum potential. All three need to be at increasing higher levels to keep up with the industry, whether that’s the field of computers or human performance. Athletes who work on and improve their hardware, software and operating systems will far outperform athletes who focus on just one system.”

If you still don’t know how sports psychology can help you, think of all the areas mental training can benefit you.

Here are a few ways that mental training can improve your performance:
--Improving confidence
--Managing emotions
--Setting realistic goals
--Improving focus
--Improving self-talk
--Enhancing motivation
--More effective practices
--Quicker sport-specific technique acquisition

Train... Train hard... And train smart with mental training.

Tips for adding mental training to your daily training regimen:

Focus on one mental skill to start, for example, confidence. The goal is to have proactive confidence, not reactive confidence.

Create a 3 step plan to improve this area:

For example, A Confidence Plan:
(1) Create a success journal
(2) Improve your self-talk in competition
(3) Understand what hurts your confidence and address these.

Confidence must be earned through training and past success. However, your mindset plays a critical role in how much confidence you bring to competition.

I work with athletes of all levels and ages--about 12 years and up. And mental training is not just for elite or professional athletes.


Your Mental Coach,

Dr. Patrick Cohn
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,863
  • Jan 12, 2017 8:56am Jan 12, 2017 8:56am
Maybe it is a good thing other threads with arcane and bizarre indicators attract more traders.
We need people to trade with so we can take their money.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,864
  • Jan 12, 2017 9:13am Jan 12, 2017 9:13am
Attached Image (click to enlarge)
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Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,865
  • Jan 12, 2017 9:14am Jan 12, 2017 9:14am
Quoting TooSlow
Maybe it is a good thing other threads with arcane and bizarre indicators attract more traders. We need people to trade with so we can take their money.
I know, I know, I should not focus on what others do. LOL!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,866
  • Jan 12, 2017 9:32am Jan 12, 2017 9:32am
UJ SL-13

note: an example when a "tighter" SL doesnt work out, but i am somewhat unwilling to commit 24 pips on a SL.
win one, lose one, still in the green.
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there is always, always another trade!!
  • #9,867
  • Jan 12, 2017 9:49am Jan 12, 2017 9:49am
Quoting TooSlow
TooSlow2.png;2137590 BoomNailedIt.png;2137591 {image} {image}
Nice catch. I'd be interested to know where you entered on this one? The 15:00 candle was a new H1 HO. The 1st minute of that candle price rose then closed just below the open. At 15:01 price plummeted. No evidence of a close/open above the high, it all happened very quickly.

Was it a "educated guess" based on the fact that the daily high hadn't been broken? Anything else?
  • #9,868
  • Jan 12, 2017 12:19pm Jan 12, 2017 12:19pm
Quoting andys0506
{quote} Nice catch. I'd be interested to know where you entered on this one? The 15:00 candle was a new H1 HO. The 1st minute of that candle price rose then closed just below the open. At 15:01 price plummeted. No evidence of a close/open above the high, it all happened very quickly. Was it a "educated guess" based on the fact that the daily high hadn't been broken? Anything else?
Isn't every entry an "educated guess"?

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,869
  • Jan 12, 2017 12:19pm Jan 12, 2017 12:19pm
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Rule #5
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,870
  • Jan 12, 2017 12:47pm Jan 12, 2017 12:47pm
One to keep an eye on once things start to move again...

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  • #9,871
  • Jan 12, 2017 2:19pm Jan 12, 2017 2:19pm
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You do not want to be the coyote

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,872
  • Jan 12, 2017 5:45pm Jan 12, 2017 5:45pm
To Master the Market, Master Your Trading Psychology

http://www.daytradingpsychology.com/#
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,873
  • Jan 12, 2017 7:10pm Jan 12, 2017 7:10pm
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  • #9,874
  • Jan 12, 2017 7:15pm Jan 12, 2017 7:15pm
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,875
  • Jan 12, 2017 7:42pm Jan 12, 2017 7:42pm
Quoting lemercenaire
EURJPY.ecnH1asHOLO13thJan17.png;2138424 {image}
WHY IS IT THIS EASY??
  • #9,876
  • Jan 12, 2017 8:08pm Jan 12, 2017 8:08pm
Quoting wannalearn12
{quote} WHY IS IT THIS EASY??
Sshhhhhh! Don't you know we don't use enough squigglies here ?

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  • #9,877
  • Jan 13, 2017 1:21am Jan 13, 2017 1:21am
Some nice overnight action on EJ...

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  • #9,878
  • Jan 13, 2017 2:09am Jan 13, 2017 2:09am
Hello TS (TooSlow)

i just read and try to follow you thread

Can i get the link post where indicator and your template attach?

Thank you :3

Note : Im still confused LOL (maybe because my english is bad )

I still try to understand the rule..
  • #9,879
  • Jan 13, 2017 2:14am Jan 13, 2017 2:14am
Quoting lemercenaire
One to keep an eye on once things start to move again... OILUSDH1asHOLOonetokeepeyeon12thJan17.png;2137973 {image}
Oh well. Didn't trigger unfortunately and left without us. Too bad...

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  • #9,880
  • Jan 13, 2017 3:03am Jan 13, 2017 3:03am
A lot of red on the horizon (and it's Friday on top of that anyway), so caution advised...

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