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Trading is as simple as 1-2-3

image One way to test a system is see if it holds true across the board. The highest/lowest M30 open is a possibility. The highest/lowest D1 open is another.

Highest Open / Lowest Open Trade

image Anyone trade THE BEAST?

Highest Open / Lowest Open Trade

image Another possibility.

Highest Open / Lowest Open Trade

image Waiting...

Highest Open / Lowest Open Trade

image I repeat 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 through it and ...

Highest Open / Lowest Open Trade

FROM MY 123 THREAD: 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 ...

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 current ...

Trading is as simple as 1-2-3

image This is the reason for moving to BE+1 or trailing the stop. GBPUSD now in a breakout above yesterday's high.

Highest Open / Lowest Open Trade

image Waiting...

Trading is as simple as 1-2-3

image This is how it works

Highest Open / Lowest Open Trade

image Waiting

Highest Open / Lowest Open Trade

Nice trade. Your erroneous plot may have cost you a few pips but you're learning. May I humbly suggest remove all other indicators. Thanks for sharing your progress.

Highest Open / Lowest Open Trade

What do you consider the beginning of day? The start of a new D1 candle on my platform. 5pm EST. Why do you think this method could work? Because I have been trading this way for a long time. Is it based on false breakout only? No. Has nothing to do ...

Highest Open / Lowest Open Trade

yonnie: First, I do not trade all day. By the time my trading day starts as NY opens, the London session only has a few hours left. Many times, the daily high/low has been established. Some days, the high/low gets moved during the NY session and ...

Highest Open / Lowest Open Trade

Was this a proper trade as per your rules? Yes, it appears it was a proper trade per the rules. Good trading, tradertron. Are the open high and open low marked correctly? Yes, they appear to be marked correctly. Thank you for giving it a go.

Highest Open / Lowest Open Trade

No problem at all, yonnie. You are correct, we do not know what will be the high/low of the day until the day is over. However, the current high/low of the day has the potential to be the high/low of the day. That is why this trade works and why one ...

Highest Open / Lowest Open Trade

image Yes. But one has to be careful of price action. Many times the candle will return to the open price and bounce. Other times it will pass right through. See bar 16. Thanks for the question.

Highest Open / Lowest Open Trade

So to place a trade you use 5m chart and when 5m candle closes above 1h lowest open you enter a trade? In case of buy trade. No, I usually look at the H1 bar chart and look at the time on the clock. I can see what time it is. At X:05 price above the ...

Highest Open / Lowest Open Trade

Yes. However, I am not permitted to post the indicators. Indicators are not necessary to do this. In fact, it is better to learn without using the indicators because you will be engaged in the process. This will train your eyes to see the ...

Highest Open / Lowest Open Trade