Highest Open / Lowest Open Trade

Quoting lansett

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Selling UsdCad. For now I'm waiting that a m5 bar closes back before the line to enter the trade (not just touching it). {image}

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Quoting Rufus

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{quote} New trading terminology "pooo" when things don't happen when we want them to happen..... must be somewhere between fart and turd. Lmfao.

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Quoting Pent56

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{quote} Technically yes your trade ticked all the relevant boxes. Would I have taken this trade? Probably not. The reasons being that you entered the trade during the Frankfurt Open to London Open time. This can be a, and often is, a period of high volatility with many a break out. Yes there is definitely money to be made during this time but there is a high risk of price moving against you very quickly. The safest option is to wait and hour or so for the markets to find their feet (especially on a Monday morning). Keep following the rules though...

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Quoting BatuhanU

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Trade #1 GBP/USD +5 pips Noticed the extreme caution later on. Should I not trade when there are cautions and warnings? {image}

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Quoting yazdgreat

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{quote} Hai there.. This is my 1st post after all the time I strolling here try to understand.. but maybe i got miss something along the way.. I want to ask.. Did u wait for the CS close on that area 1st? and target to buy if the next CS open(m30 or m15 or m5) on that area?xx454.50-xx438.50, Does not always to be the previous CS make new Low? can reuse low from the earliest CS of the day? and also about the prev day High/low. the price already lower that the prev low.. still can trade?. Sory for bad english. not use to speak english..

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Quoting lemercenaire

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...and... {image}

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Quoting lemercenaire

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Ditto... {image}

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Quoting lemercenaire

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Possible... {image}

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Quoting TooSlow

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{image}

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Quoting PipTrek

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{quote} You have a hard TP or a trailing stop set for this?

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Quoting PipTrek

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GU - hit TS for +5 Gold - Hit TS for +31 EU - hit TS for +5 EJ - +1 UC - Hit TS for +15 Daily total 57 Pips. Not bad for a first day I've been looking at the trades here and I think that having the TS hurt me more than did good haha. Without a TS and just going for a 2:1 RR I could have bagged 134 pips vs the 57. Anyone that has been trading this for a while have any advice for this? Has a TS been more profitable in the longrun or is sticking to a set TP the better option?

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