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TooSlow replied May 17, 2016image I repeat each day this so new comers don't have to go back to the first post: HIGHEST OPEN / LOWEST OPEN TRADE Place a line at the highest H1 open and lowest H1 open for the current day. Sell short at the highest H1 open after price goes up ...
Highest Open / Lowest Open Trade
- TooSlow replied May 17, 2016
1. NO 2. Whatever pairs are most volatile during your trading session. 3. No indicators necessary 4. Stop loss is at daily high + 1 or daily low - 1. Stop is moved to BE+1 as soon as practical. Part of the position is exited at BE+5 to BE+10. That ...
Trading is as simple as 1-2-3
- TooSlow replied May 17, 2016
No. Line should be at highest open which is above R3 on your chart.
Highest Open / Lowest Open Trade
- TooSlow replied May 16, 2016
image Look at the daily chart. Put your lines at the high and low of yesterday's candle. It will seem obvious in hindsight. Now you know what to do next time.
Highest Open / Lowest Open Trade
- TooSlow replied May 16, 2016
image Before you jump the gun, look at the distance between the open and the extreme ( daily high/low ). May save you some draw down or loss.
Highest Open / Lowest Open Trade
- TooSlow replied May 16, 2016
image "Trading Junkies" can drop down a time frame or 2 to use that highest/lowest open.
Highest Open / Lowest Open Trade
- TooSlow replied May 16, 2016
image Rather than ask "Why?", instead ask "How can I profit from this?"
Highest Open / Lowest Open Trade