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MuniFX replied Nov 15, 2024(your usdjpy chart) candle 2 broke the high of yesterday, candle 3 formed a new highest open for the current day (would have been a sell, trade that with caution or not at all) price rose higher (so a sell would have been a loss), candle 4 fomed a ...
Highest Open / Lowest Open Trade
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MuniFX replied Nov 14, 2024the only important levels/prices are the highest open and the lowest open of a h1-candle in the current day.. these levels/prices are your entry points..everything in between is distraction for this holo method.. high and low of the day is only ...
Highest Open / Lowest Open Trade
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MuniFX replied Nov 14, 2024the candle 2 open doesnt matter anymore, because candle 3 formed a new higher open (in the current day). if the price goes above the candel 3 open (197.49) and comes back down again to the open, you put a sell. in your case, the price never went ...
Highest Open / Lowest Open Trade
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MuniFX replied Nov 11, 2024sry I meant 7:45 , I edited the previous post...
Highest Open / Lowest Open Trade
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MuniFX replied Nov 11, 2024if you use 15min as trigger than 7:30 7:45 (edited) was the sell ..with trailing stop.. this would have been a positive trade
Highest Open / Lowest Open Trade
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MuniFX replied Nov 11, 2024at the time the candle 1 opened .. it was the highest open candle 4 made a NEW highest open and then candle 5 formed the highest open.. then 9 then 11(current highest open @153.845)
Highest Open / Lowest Open Trade
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MuniFX replied Nov 11, 2024no the next candle.. marked H1[0] Open at 1.06426
Highest Open / Lowest Open Trade
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MuniFX replied Nov 11, 2024yes always look for highes/lowest open of current day (no matter in which session it occurs), as stated in page 1 use the template..it will always show you the levels...
Highest Open / Lowest Open Trade
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MuniFX replied Nov 11, 2024be aware: it is not the open of the highest h1-candle but the highest open of a h1-candle.. in your example of eurusd in the london session, you look for the/new lowest open of h1-candle and trade long... in the event the london or ny session retest ...
Highest Open / Lowest Open Trade
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MuniFX replied Nov 1, 2024matt can beat this guy, by posting a picture with a higher number at anytime
Prop Firm Hub
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MuniFX replied Oct 15, 2024R38 = PP + (lastweek high - lastweek low) *0,382 R61 = PP + (lastweek high - lastweek low) *0,618 etc S38 = PP - (lastweek high - lastweek low) *0,382 etc
Pivot Trading
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MuniFX replied Oct 11, 2024usdcad 1 year later.. the 2023 q4 PP level acted as support for the year 2024 this week we saw a huge bullish move, which have the potential for starting a year end really towards 1.42x (breaking above the 2 year long resistance level of 1.388x)
MuniFX - Journal
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MuniFX replied Sep 21, 2024had may first negative week in a long time.. I underestimated the GBP strength..(gbp/cad)
Pivot Trading
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MuniFX replied Sep 18, 2024AUD is still pushing higher.. AUD employment data (high impact news) in 17 hours
Pivot Trading