I took the same setup, but on the GBPUSD. Looking at the EJ and GJ who went up nicely, the GU kept lingering so I took it off at +2. Obviously, when I come back in a hour it will have rallied back the open as thats how it always goes LOL. But better ...

Trading is as simple as 1-2-3

I think H. Reardens theory also pretty much nails it: "Now, 2 patterns of market behaviour happen on a regular basis: 1) the price breaks to new high's (or low's) 2) the price reverses from new high's (or low's) If price is NOT making a new low then ...

Trading is as simple as 1-2-3

Post #1, first sentence: "When price is above an open, it is up. Conversely, when price is below an open, it is down. It is a good idea not to short when price is up and not to buy when price is down. Naturally, most traders look for reversals but ...

Trading is as simple as 1-2-3

I like this entry method. It is simple, flexible and elegant too. Its a complete framework to interpret the price action actually. Took 2 trades today and worked out well. On the first I took a full TP, but looking at how it went using partials ...

Highest Open / Lowest Open Trade