There is no "right path". This is the way I choose to trade. It works for me. Hopefully, you can make it work for you. What works for you is the "right path" for you. Thank you, Almo.

Trading is as simple as 1-2-3

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Trading is as simple as 1-2-3

image Daily open possibility.

Highest Open / Lowest Open Trade

image Here we go again!

Highest Open / Lowest Open Trade

image Did not trade this Daily Open crossover. There were pips to be made.

Highest Open / Lowest Open Trade

Posts removed. My sincerest apology.

(binned per thread starter’s request) Truth in Trading

image Look at the chart. When would you have exited the trade? Price rose and fell through the Bar[0] price. Those who bought at Bar[1] open price did so because price went up. Selling when price fell below Bar[0] open price would have taken the ...

Highest Open / Lowest Open Trade

image Price action dictates everything. The questions about when to take profit are not always easy to explain. Pick fruit when it is ripe. Pick too soon, it is not edible. Pick too late, it is decaying. Look at the chart. When would you have ...

Highest Open / Lowest Open Trade

[quote=diamonddbw;8923424] No. Price moves to a line and then crosses over it. Hence, crossover trade. Trading away from the line after the last cross over. Price dropping from daily high back to open, short at open. That would be a crossover trade. ...

Highest Open / Lowest Open Trade

Daily open is a cross over trade. Previous day high/low are there to indicate a breakout. Thanks for your observations.

Highest Open / Lowest Open Trade

No. Not at all. When the pair's spread is over 3, do not trade it. At times, EURUSD and GBPUSD have spreads over 3.

Highest Open / Lowest Open Trade

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Highest Open / Lowest Open Trade

image Did not trade USDJPY. Showing chart so those who like trading this pair can see this system can work for them.

Highest Open / Lowest Open Trade

So you have a lot of BE trades then? A few BE+1 trades happen. Better than a loss. No reason to be upset when stopped out for BE+1. Do you use 5 pip BE for all pairs? After trade is +5 pips, stop is moved to BE+1. After trade is +10, stop is moved ...

Highest Open / Lowest Open Trade

image Another opportunity.

Highest Open / Lowest Open Trade

image The white dashed lines are every 5 pips. I enter when the bid drops to the highest open. First stop at BE+1. When at +10 pips, you have options. Exit part of position to bank pips or move stop for entire position to BE+5. Thanks for the ...

Highest Open / Lowest Open Trade

image Failing to move to BE+1 on this trade would have you in the red.

Highest Open / Lowest Open Trade

Why do you use fixed BE value (+5 pips) while SL is different distance in pis in each trade. It's your experiance with this system, or there is some logic behind? To prevent a profitable trade from becoming a loss. Did you try to move to BE when RR ...

Highest Open / Lowest Open Trade

image Another one.

Highest Open / Lowest Open Trade

image And this one, too.

Highest Open / Lowest Open Trade