I would have exited at the moment when the price reached H1, because the number of pips is sufficient (5+), and the lowest risk (considering that the price is most likely to fall to H1, and then...either yes or no). Would I have entered at H1? Yes, ...

Highest Open / Lowest Open Trade

If the maximum opening price of M30 is higher than the maximum price of H1, it means that M30 will tend to H1. Accordingly, you can enter from the opening price of M30 and exit at H1 These are my thoughts. How correct is it?

Highest Open / Lowest Open Trade

I have a problem with tracking when there are many trading charts. It loses focus Listen to TooSlow, use 1 trading pair and you will have enough time for tracking

Highest Open / Lowest Open Trade

I apologize for the confusion. I meant that candle (2) closes and candle (3) opens above the zone of interest, then falls below the highest opening price of H1, where the entry was made If I understand correctly, this entry does not violate rule #6. ...

Highest Open / Lowest Open Trade

Yes, 2 times, though it's nerve-wracking to take those deals: [1] Candlestick (1) went below the maximum H1 opening zone and NOT above the high of the day. Entry. Stop 6.7 point [2]: Candlestick (2) according to the same rules No, the price didn't ...

Highest Open / Lowest Open Trade

RULE #5

Highest Open / Lowest Open Trade

Thanks. I am trying to absorb useful information from your screenshots like a sponge, so I am looking for a practical application of 50% candlestick for better early exit from the market, because except for the rules outlined by you, I do not have ...

Highest Open / Lowest Open Trade

Is it correct to assume that if the red candle (2) opened below half of the previous green candle (1) is also applicable to candles (4 and 3), it means that the momentum is “bearish”? And if the impulse is “bearish”, then there is a reason to move ...

Highest Open / Lowest Open Trade

This strikes me as a good opportunity to set a take profit zone

Highest Open / Lowest Open Trade

thanks for your help! If I understand you correctly, then of course my trade will have the same number of dollars per trade - that at 5 pips I risk 10 dollars (conditionally), that at 14 pips the risk is also 10 dollars (conditionally) but I don't ...

Highest Open / Lowest Open Trade

Hi TooSlow! Good example of a trade where I would have gotten a loss of -14 pips. Is there anything to get out of the trade earlier to reduce the stop loss?

Highest Open / Lowest Open Trade

10: +5 [Same market structure. Did not enter at M5, waited for M15 to close above H4, went up NOT above the high of the day + went down to the opening price of H4] Total for 10 trades: 38 points

Highest Open / Lowest Open Trade

9: +5 [price in the zone of interest, closing M1 price above the zone of interest AND NOT above the high of the day. Plus, H4 closed, which adds to the probability of a short-term pullback]

Highest Open / Lowest Open Trade

“5” was opened because: 1) the highest opening price of H4 became lower than the highest opening price of H1. What does this mean? TooSlow wrote about this in the first 100-200 pages of the thread 2) the price did not update the high of the day, so ...

Highest Open / Lowest Open Trade

Thanks, Mate! It's all with your encouragement and the fact that the market is giving good opportunities this week. Cheers!

Highest Open / Lowest Open Trade

6: -7 (entry “1”, stoploss “2) 7: +5 (entry “3”, take profit “4) 8: +5 (entry “5”, take profit “6)

Highest Open / Lowest Open Trade

Thanks, buddy. Could you please tell me if the indicator has selected ATR values for 3 days and 9 days respectively? If yes, why are they chosen? Is there some statistical background in this?

Highest Open / Lowest Open Trade

An astounding observation that I hadn't thought of! Also, looking at the ATR 50%, thought of your post, which can be applied here as a separate strategy as well, since the price will not be “in the middle”

Highest Open / Lowest Open Trade

I see your point, yes, I agree. I'm really willing to lose no more than 2% on each trade (just an example of $20 off $1000). I always take that into account, I guess that's why the question confused me. I didn't understand only 1 point: why if I am ...

Highest Open / Lowest Open Trade

Honestly, I'm stumped because.... I don't know how to answer that question. The only thing that comes to mind is: 1) If I have a loss in a given hour, I don't trade that candle anymore Thanks for asking this question, what should I have ...

Highest Open / Lowest Open Trade