Being able to set buy sell stops very quickly when a fast trade is unfolding / using hotkeys - I believe that a perfect entry is a must or you do not take the trade. One pip off may make you miss your BE+1 and now your setback holding onto a wild ...

Highest Open / Lowest Open Trade

A bar makes a new high open or new low open for the current day on the H1 chart. ( any time frame can be used, usually the H1 makes most sense) Rule #1 Watch for breakouts and be careful around them. No entries on breakouts. Rule #2 After the price ...

Highest Open / Lowest Open Trade

You cannot trade this method without very fast planning and instinct. It's a general guideline that is very easy to follow mentally.

Highest Open / Lowest Open Trade

I was watching the EurUSD price action, I sold the opposite direction and banked pips!!!!!! I waited for the bear movement of course. No gambling.

Highest Open / Lowest Open Trade

How did you enter this trade? I don't see the setup.

Highest Open / Lowest Open Trade

I understand what you have said, I think. I am not sure what the range means though, is it the distance between the low lows and high highs?

Highest Open / Lowest Open Trade

Or is it a new day and that does not apply anymore?

Highest Open / Lowest Open Trade

This is a 5m of the EURUSD. Red Line is lowest open of the day. Wait for the push through and then green bull candle reversal on the buy. Will wait.

Highest Open / Lowest Open Trade

Seriously, thank you for this thread. I did very well today. Tomorrow shall be another adventure.

Highest Open / Lowest Open Trade

So the next hour had no valid entry correct?

Highest Open / Lowest Open Trade

Yes, they protect me so much more than when I first started.

Highest Open / Lowest Open Trade

So rule #1- means all of the charts posted are done for the hour breaking rule 1, what about the next hour?

Highest Open / Lowest Open Trade

So is the extreme the current one hour bar - that has made a new low for the day? The minute five bar has to open (hypothetical buy) below the current one hour bar making the lowest open and it's new daily low, be a bull candle in the 5m going ...

Highest Open / Lowest Open Trade

Did I bend them? Was it a breakout or something?

Highest Open / Lowest Open Trade

woohoo eurusd

Highest Open / Lowest Open Trade

I see,. I will take your words thank you.

Highest Open / Lowest Open Trade

I am not trading them. Just watching. I am very pleased with the eurusd atm

Highest Open / Lowest Open Trade

usdkpy setting up

Highest Open / Lowest Open Trade

Finally Grabbed +29 out of EURUSD woot woot good trading.

Highest Open / Lowest Open Trade

Who got pips?

Highest Open / Lowest Open Trade