image Previous bar[1] made new high of day.

Trading is as simple as 1-2-3

When the previous bar[1] make a new low and there is little or no retracement before the bar closes and the current bar[0] moves up.

Trading is as simple as 1-2-3

Brown line shows how this level could be used as an entry. Brown line is the open of bar[4] which was also the low of bar[7]. Think outside the box a bit. The open of bar[6] is higher than the low of bar[7]. Price did not make a new low which means ...

Trading is as simple as 1-2-3

image Brown line at low of bar[7]. After this the line just happens to be at the open of bar[4]. Price moving away from the low of the day will pass through this line.

Trading is as simple as 1-2-3

Switching from H1 to M1 is not necessary. You want to see price attempt to make a new low. When it does not make a now low, you assume price is reversing/retracing. When the previous bar make a new low and there is little or no retracement before ...

Trading is as simple as 1-2-3

1) Entry criteria does not change. That is the best answer I can provide. 2) HH and HL indicate price is rising. Selling is going against the price action. Any sell entries would be quick scalp type trades.

Trading is as simple as 1-2-3

image Valid entry.

Trading is as simple as 1-2-3

image Another day of practicing patience.

Trading is as simple as 1-2-3

Hello again, tfflyer Without you stating exactly where to begin, I will do my best to answer your queries. From left to right starting with the 0 labeled candle, the first white/bull candle tested the high but did not go all the way so there is a ...

Trading is as simple as 1-2-3

image Scratching the trade saved a possible loss. This shows why it is important to set and move your stops.

Trading is as simple as 1-2-3

image Trade scratched at breakeven.

Trading is as simple as 1-2-3

image Not much of a test but triggered entry is now +5

Trading is as simple as 1-2-3

image Daily high has not been tested this bar.

Trading is as simple as 1-2-3

image Higher highs and higher lows last few bars. Time to practice patience.

Trading is as simple as 1-2-3

1) OH - distance between open and high of the bar 2) OL - distance between open and low of the bar 3) The open discussed is usually the open price of the current bar. On occasion, it could be the highest open or lowest open of a group of bars. 4) ...

Trading is as simple as 1-2-3

Hello tfflyer, The entry is the open price of the current candle. You enter at the open after the daily high or daily low was tested.

Trading is as simple as 1-2-3

image Hello everyone. Hopefully, your time away from trading was pleasant. A new daily high was established this hour.

Trading is as simple as 1-2-3

Start reading from here: url If it is not obvious, please feel free to ask questions. "Successful people ask better questions, and as a result, they get better answers." - Tony Robbins Socratic method is named after the classical Greek philosopher ...

Higher Edge within a Single Candlestick

nealpek, you misquoted. Post 1 quote: ""95% of the time price will close above or below the open." Amateurs will never see the edge in this quote, unless a professional point it out where the edge lies within this quote." "a candle opens and either ...

Higher Edge within a Single Candlestick

image A new high of the day last bar. Time to exit and look for a reverse entry or wait to see if another new high of the day is established? "Successful people ask better questions, and as a result, they get better answers." - Tony Robbins ...

Trading is as simple as 1-2-3