image Failing to enter on Bar[3] would have left pips on the table. Entering on Bar[2] open is the 1-2-3 entry. Dezil: do you understand the difference?

Highest Open / Lowest Open Trade

+1

USD/CAD

OK, let me figure out how to communicate it properly. You're welcome, Dezil. Thank you for your questions.

Highest Open / Lowest Open Trade

image Patience - pays off

Highest Open / Lowest Open Trade

image Setup.

Highest Open / Lowest Open Trade

Try 50%. For 10 pips between open and extreme, wait for a 5 pip move towards the extreme.

Highest Open / Lowest Open Trade

Way to trade

The DIBS Method... No Free Lunch continues

image Waiting

Highest Open / Lowest Open Trade

image Bar[1] made a new high by 0.00003 Trade entered at Bar[0] open price after price went up and came back down.

Highest Open / Lowest Open Trade

Depends on how much room between the open and the extreme. A suggestion - pick a pair that is a setup and watch ( paper trade ). When you get the hang of it, start trading.

Highest Open / Lowest Open Trade

1-2-3 you do not enter the trade on the bar that makes the daily high/low. This method, you can enter the trade on the bar that makes the daily high/low. That is the difference.

Highest Open / Lowest Open Trade

Yes, it is different, Dezil. This is more inclusive (advanced) than the 1-2-3 thread. The 1-2-3 is a subset of this.

Highest Open / Lowest Open Trade

image Waiting. Dezil: A bar makes a NEW DAILY low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar. Do you understand how EURUSD is a possibility in the chart?

Highest Open / Lowest Open Trade

Good trading, pip-boss. Please help explain how this works to Dezil. Maybe you can do a better job than I can. We have to help each other. Thank you.

Highest Open / Lowest Open Trade

Dezil, seemed like you were having problem so I posted the rules from my other thread that would help keep you out of difficult trades.

Highest Open / Lowest Open Trade

image Patience... Pays off

Highest Open / Lowest Open Trade

From my 1-2-3 thread: A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW DAILY low and closes. Next bar fails to make a lower ...

Highest Open / Lowest Open Trade

image Not a pair that I trade. Next hour setup.

Highest Open / Lowest Open Trade

image Next hour.

Highest Open / Lowest Open Trade

image Waiting...

Highest Open / Lowest Open Trade