I'm out of ideas, Mate. Is this related to the ATR? Don't want to play a guessing game, would love another clue from you. Cheers!

Highest Open / Lowest Open Trade

I would wait for the previous bar to break its high, then go long You wrote about it in post #19167:

Highest Open / Lowest Open Trade

Observe rules

Highest Open / Lowest Open Trade

If the price approached the LOW of the previous day D1[1], then today it is going down. If the price broke through the up zone D1[1], it is likely to fall along the trend to D1[1], and then there will be a struggle of bulls and bears at this zone, ...

Highest Open / Lowest Open Trade

Thanks, Mate, for sharing this strategy, you helped to discard the “garbage” in the form of indicators and subjective support/resistance/geometric figures from technical analysis and all that lacked the main thing - CONCRETICS. I came to this forum ...

Highest Open / Lowest Open Trade

Close the deal at the daily opening (more likely, the price will turn around and go towards my stop-loss and I will lose part of the profit)

Highest Open / Lowest Open Trade

we have a language barrier, but I'll try to start a game since the others are silent. my start: OPEN

Highest Open / Lowest Open Trade

At that time, as I understand it, the direction of price movement today is determined after the Asian session closes - more likely, it will continue to head in the same direction

Highest Open / Lowest Open Trade

If we are talking about DIRECTING the price to the highs, then the price just needs to push off from its daily opening price

Highest Open / Lowest Open Trade

The price should update the high (or low) of the day. A new high (or low) of the day's opening price (M1/M5/M15/M30/H1/H4) will appear

Highest Open / Lowest Open Trade

M5, yes, as shown in your screenshot

Highest Open / Lowest Open Trade

Sorry Mate, was updating my reply in the last post. Like you said, price will either continue to update the highs/minimums or vice versa, turn away from the zone of interest

Highest Open / Lowest Open Trade

Thank you! So, after bar (1) closed, bar (2) opened, which was the M30 minimum opening. Since it is a new bar (2) that did NOT break the minimum, bar (2) was the entry point. Right? Wasn't this a violation of rule #1?

Highest Open / Lowest Open Trade

About the price going down (LL) Price makes a downward pullback before trending upward (HL) Price makes an upward pullback before falling back down the trendline (LH) The price is going up (HH) url

Highest Open / Lowest Open Trade

Am I correct in assuming that you've disregarded rule #1? Bar M5 (1) closed with the current daily minimum. So there is no entry on the next bar (2)?

Highest Open / Lowest Open Trade

Good question, Mate! [1] Before the red candle formed on M5, the stop loss would have been at (1). Reason: this is the maximum opening of M30. If the price would have gone higher, it would most likely continue to further update the highs Purpose of ...

Highest Open / Lowest Open Trade

Clearly, M1(2) is forming after the daily low (1). M1(2) forms M5(3) M5(3) to M15(4) M15(4) to M30(5) M30(5) to H1(6) 1 > 2 > 3 > 4 > 5 > 6 I hope this provides some clarity

Highest Open / Lowest Open Trade

I hope my explanation is clear: The max/min opening price of the day H1(0) is: 1) 1 H1 candle (1x60 minutes=H1) - 1 chance to enter within H1(0) 2) 2 candles of M30 (2x30 minutes=H1) - 2 chances to enter within H1(0) 3) 4 candlesticks M15 (4x15 ...

Highest Open / Lowest Open Trade

The entry would be from M30, since M15 forms M30, there will be fewer false positives/confirmations I would not enter from H1, as a 26 pips stop is insane

Highest Open / Lowest Open Trade

The price is dropping. Watch out. It is better to either quickly move to +1 or +5 (short-term pips, do not wait for a full-fledged reversal)

Highest Open / Lowest Open Trade