image image image Next hour.

Highest Open / Lowest Open Trade

image News spike.

Highest Open / Lowest Open Trade

image Next hour I repeat each day this so new comers don't have to go back to the first post: 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 ...

Trading is as simple as 1-2-3

image Breakout of yesterday's high. Use caution.

Highest Open / Lowest Open Trade

image 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

Thanks for sharing your trade.

Highest Open / Lowest Open Trade

The simple answer is: Stop loss is the current daily high or current daily low. Adjust your position size accordingly.

Highest Open / Lowest Open Trade

image Another lowest open.

Highest Open / Lowest Open Trade

Nice trading

The DIBS Method... No Free Lunch continues

HIGHEST OPEN / LOWEST OPEN TRADE Place a line at the highest H1 open and lowest H1 open for the current day. Look at an H1 chart. Place a line at each H1 open for the current day. The top line would be the highest H1 open. The bottom line would be ...

Highest Open / Lowest Open Trade

Thank you for sharing pip-boss.

Highest Open / Lowest Open Trade

No. Didn't stop out. Stop wasn't set at daily low, I used a buffer. Got lucky. The lowest open - daily low was less than 20 pips so stop was further away. When you know the price action of the pairs you trade, you can make adjustments and trade ...

Highest Open / Lowest Open Trade

image Slow, tough 5 pips.

Highest Open / Lowest Open Trade

"Stick to your plan up until to the moment when it is more dangerous to follow the plan, then improvise, adapt and modify your plan. Be ready that your plan can fall apart right at the beginning" - Selco Wise words from other topics can be applied ...

Highest Open / Lowest Open Trade

Out of the pink box?

EURUSD

image Yes. Slow going.

Highest Open / Lowest Open Trade

image Waiting for liftoff

Highest Open / Lowest Open Trade

Seems like this privilege has to be earned.

Highest Open / Lowest Open Trade

image To determine a smart SL level requires analysis. Buying at daily open. Use Bar[6] low. Price moved up and away. Selling at daily open. Use Bar[2] high. Price moved down from there. Look to the left of chart. See the congestion?

Highest Open / Lowest Open Trade

image For your trade to get to +5 pips, price has to move 5 + spread in your direction. This is a reason for trading when spread is under 3 pips. Price has to move 7 or 8 pips. BE+1 is what saves you from losing.

Highest Open / Lowest Open Trade