Highest Open / Lowest Open Trade

Quoting TooSlow

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{quote} freight train noun NORTH AMERICAN a train for carrying goods rather than people. "a collision between a passenger train and a freight train" used in reference to a phenomenon regarded as powerful and unstoppable. "people do not see the freight train of fiscal chaos coming" When price is moving in one direction and keeps moving in that direction, we refer to it as a FREIGHT TRAIN. Entering reversal trades during this time usually results in losses. For our purposes, a freight train is a really big bar/candle. Use the H4 chart to spot freight...

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Quoting hal7

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{quote} "In 1989 a Russian psychic was run over by a train and killed while attempting to prove he could stop one using the power of his mind." - From "1,411 Quite Interesting Facts To Knock You Sideways."

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Quoting hal7

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{quote} "In 1989 a Russian psychic was run over by a train and killed while attempting to prove he could stop one using the power of his mind." - From "1,411 Quite Interesting Facts To Knock You Sideways."

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Quoting hal7

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{quote} "In 1989 a Russian psychic was run over by a train and killed while attempting to prove he could stop one using the power of his mind." - From "1,411 Quite Interesting Facts To Knock You Sideways."

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Quoting thedrrew

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{quote} I had to look it up... Poor guy. I'll think of him though before my next trade Edit: Best part of the article(top of third column) "Alexei gave it everything he had but it wasn't enough..." I see this as a trading lesson. {image}

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Quoting lemercenaire

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{quote} ''SPLAT!'' Love it. I guess he was a not-so-psychic psychic, lol. Anyway, maybe he could have told us whether this EJ move might bring us an entry later on (see what I did there? ) EURJPYH1asHOLOpossopportunitylater9thfeb17.png;2180441 {image}

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Quoting hal7

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{quote} I asked him on the Quija board, he said maybe, but don't push your luck.

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Quoting thedrrew

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Looking at reentering USDJPY. I got Stopped on my last attempt right after the news... I am considering now to learn the 1-2-3 setup as it seems great to recover from an earlier loss. USDJPY+M5_090217.png;2180481 Edit: I am in now. {image}

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Quoting lemercenaire

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{quote} Bazinga! You just had your very own ''lightbulb moment''! Congratulations! This is exactly why both complement each other so well and why you will see myself, Hal and TS move between the two methods throughout the day.

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Quoting nadexjamie

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This method would be considered similar to Lawgirls, trade what you see, yes?

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Quoting apock

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Hi everyone, Nice and simple system, thank you @TooSlow. I was develop an indicator that paint highs and lows on chart, but it ends as an EA. I let it here, please give me feedback to improve the code. Regards. {file}

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do
   {
      currentH1Time = iTime(Symbol(),PERIOD_H1,i);
      double openH1Price = iOpen(Symbol(),PERIOD_H1,i);
      if(highestTodayOpen < openH1Price) highestTodayOpen = openH1Price;
      if(lowestTodayOpen > openH1Price) lowestTodayOpen = openH1Price;
      i++;
   }
  
   while(currentH1Time>bod);

for (i=Hour(); i>=0; i--)
   {
      currentH1Time = iTime(Symbol(),PERIOD_H1,i);
      double openH1Price = iOpen(Symbol(),PERIOD_H1,i);
      if(highestTodayOpen < openH1Price) highestTodayOpen = openH1Price;
      if(lowestTodayOpen > openH1Price) lowestTodayOpen = openH1Price;
   }