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Highest Open / Lowest Open Trade

  • #10,201
  • Feb 1, 2017 5:40am Feb 1, 2017 5:40am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,202
  • Feb 1, 2017 6:05am Feb 1, 2017 6:05am
Quoting TooSlow
TooSlow2.png;2166952 Bruce-Lee-Quote-Obey.jpg;2166953 {image} {image}
Carry on with the Bruce lee reference , as a jeet kune do artist i love it :-)
  • #10,203
  • Feb 1, 2017 6:11am Feb 1, 2017 6:11am
Quoting priceaction9
{quote} Carry on with the Bruce lee reference , as a jeet kune do artist i love it :-)
Martial arts and trading have a lot in common when it comes to the discipline needed!
  • #10,204
  • Feb 1, 2017 6:31am Feb 1, 2017 6:31am
One to keep an eye on. Maybe a watching brief is the best bet as we have red USD news at 15:00 and 15:30 (Oil inventories)...

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  • #10,205
  • Feb 1, 2017 7:05am Feb 1, 2017 7:05am
Quoting lemercenaire
{quote} Martial arts and trading have a lot in common when it comes to the discipline needed!
Recent studies show habit is more important than discipline.
They are closely linked.
Discipline creates the habits so they become automatic.
Create good trading habits.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,206
  • Feb 1, 2017 7:23am Feb 1, 2017 7:23am
Maybe...
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  • #10,207
  • Feb 1, 2017 7:27am Feb 1, 2017 7:27am
That didn't took long...
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  • #10,208
  • Feb 1, 2017 7:31am Feb 1, 2017 7:31am
Have anybody experienced better trading after 10am EST with this method?

Like if NYO was too full of news and they wanted to push price in one direction before a reversal a little before London close...
  • #10,209
  • Feb 1, 2017 7:37am Feb 1, 2017 7:37am
Quoting thedrrew
Have anybody experienced better trading after 10am EST with this method? Like if NYO was too full of news and they wanted to push price in one direction before a reversal a little before London close...
So long as your spreads don't widen - and they really shouldn't, it's not that late in the day uk - there is no reason not to trade at that time. I've done it, I know TS has and I'm sure others have as well.
  • #10,210
  • Feb 1, 2017 7:40am Feb 1, 2017 7:40am
Quoting TooSlow
{quote} Recent studies show habit is more important than discipline. They are closely linked. Discipline creates the habits so they become automatic. Create good trading habits.
I totally agree. What I have found when wearing my coaching hat however, is that so many now simply don't have the discipline required to take the time to learn the habits in the first place. They want it all yesterday.
  • #10,211
  • Feb 1, 2017 7:42am Feb 1, 2017 7:42am
Quoting lemercenaire
{quote} So long as your spreads don't widen - and they really shouldn't, it's not that late in the day uk - there is no reason not to trade at that time. I've done it, I know TS has and I'm sure others have as well.
Ok. Good to know as I was about to avoid that time.

Looking back at my trades during that period I notice I was not waiting for a close above/bellow or entered before a news... I need to be more careful.
  • #10,212
  • Feb 1, 2017 7:42am Feb 1, 2017 7:42am
Quoting lemercenaire
One to keep an eye on. Maybe a watching brief is the best bet as we have red USD news at 15:00 and 15:30 (Oil inventories)... EURUSD.ecnH1asHOLOonetowatch1stfeb17.png;2167162 {image}
I went out for milk - I am so glad, lol.

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  • #10,213
  • Feb 1, 2017 7:46am Feb 1, 2017 7:46am
Quoting lemercenaire
{quote} I totally agree. What I have found when wearing my coaching hat however, is that so many now simply don't have the discipline required to take the time to learn the habits in the first place. They want it all yesterday.
It's so hard to get rid of the old habits though. Deleting all old templates was easy but after trying for so long it is hard not to think "let's make money NOW".
  • #10,214
  • Feb 1, 2017 7:50am Feb 1, 2017 7:50am
Quoting thedrrew
{quote} It's so hard to get rid of the old habits though. Deleting all old templates was easy but after trying for so long it is hard not to think "let's make money NOW".
Sorry, wasn't getting at you, or even traders at all - I also coach American Football kickers and it is in the world of College Football, I am noticing this attitude more and more.

If you read my early posts, you will see it took me a while to shed my old skin as well when it comes to trading.
  • #10,215
  • Feb 1, 2017 7:56am Feb 1, 2017 7:56am
Quoting lemercenaire
{quote} Sorry, wasn't getting at you, or even traders at all - I also coach American Football kickers and it is in the world of College Football, I am noticing this attitude more and more. If you read my early posts, you will see it took me a while to shed my old skin as well when it comes to trading.
No offense taken. I agree it is important to learn good habits. And I also know I need to work on this. This thread have been a good tool for me to forge the right habits.

My trading day is over but tomorrow I'll make a flawless trading day. Win or lose I don't care.
  • #10,216
  • Feb 1, 2017 7:58am Feb 1, 2017 7:58am
Quoting lemercenaire
{quote} Martial arts and trading have a lot in common when it comes to the discipline needed!
indeed
  • #10,217
  • Feb 1, 2017 10:22am Feb 1, 2017 10:22am
Breakout just now but one for the late-in-the-day shortlist...

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EDIT: Bear in mind FOMC later in evening.
  • #10,218
  • Feb 1, 2017 10:47am Feb 1, 2017 10:47am
Quoting lemercenaire
{quote} I totally agree. What I have found when wearing my coaching hat however, is that so many now simply don't have the discipline required to take the time to learn the habits in the first place. They want it all yesterday.
Habit guide attached.
Attached File(s)
File Type: pdf ultimate-guide-to-habits.pdf   1.5 MB | 1,943 downloads
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,219
  • Feb 1, 2017 11:33am Feb 1, 2017 11:33am
Quoting lemercenaire
Breakout just now but one for the late-in-the-day shortlist... USDCAD.ecnH1asHOLO1stFeb17.png;2167652 EDIT: Bear in mind FOMC later in evening. {image}
Took it as a 1-2-3 but for those who are prepared to bend those pesky HOLO rules , bazinga!...

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  • #10,220
  • Feb 2, 2017 3:17am Feb 2, 2017 3:17am
GBP red news at noon uk.
USD ditto at 13:30
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