Today did not take Lower Open because the only entrance was at M5 and I trade M15. Took a trade on Higher Open, which was Prev Day Higher Open.

Highest Open / Lowest Open Trade

Have you considered dropping down to a smaller timeframe (M30, M15 or M5)? A possible number of entries increases as well.

Highest Open / Lowest Open Trade

Hi TheBLUEbeast, Welcome to the thread. Your idea has some sense. I think watching the candle color would make even more sense on indices (DAX, SP500). For now, I'll stick to the rules, which I recommend to you as well. Regards,

Highest Open / Lowest Open Trade

Hi TooSlow, Realizing that the NFP/FOMC indicator comes from another universe, curious does it paint the lines automatically or you have to put the values in manually? Thinking about getting one, as it is one of the best attempts to plot those ...

How to predict markets, Catch the moves at value

As for Higher Open, a part of the difficulty is when the lines move. When they move, like in the example above, one has to quickly figure out the new area of interest and wait for a valid signal. This is where the training of mind comes handy. Your ...

Highest Open / Lowest Open Trade

Thanks for the chart, TooSlow. Very informative. Let me take it step-by-step in a couple of posts. I was cautious to trade the Lowest Open because it was a breakout of the PrevDayLow. MichaelG has identified two types of breakouts here, url Do you ...

Highest Open / Lowest Open Trade

Do not see any available trades today.

Highest Open / Lowest Open Trade

First trade. Note to self: need to find a broker that allows smaller limits; the current one is at 40 points.

Highest Open / Lowest Open Trade

Several people are talking about inside bars, none of them are consistent. What you say makes sense.

Billytt Die happy trading e/j daily breakout

What is the significance of inside bars? Remember reading something earlier in the thread about inside hourly bars after a momo (momentum, long) bar but could not find an explanation.

Billytt Die happy trading e/j daily breakout

I am all ears, especially about "stick a counter". Looking forward to some "charts". Those High and Low are the High and Low of the breakout bars and not of the 00:00 4H bar, correct?

Billytt Die happy trading e/j daily breakout

Let's see if I am getting it right. On the chart, the second, upper breakout (#2) should be equal or bigger than the first, lower breakout (#1)? SP500, H4, yellow line - NY open.

Billytt Die happy trading e/j daily breakout

Hi Billy, Hope all is well. ADR is probably the best out there. Though, sometimes I am wondering what to do when the price does not reach daily ADR by several pips in one direction and goes in the opposite one? How to protect/hedge against that? One ...

Billytt Die happy trading e/j daily breakout

Someone in the thread has suggested that OP uses ADR.

Billytt Die happy trading e/j daily breakout

Morning, all! The challenge sounds like a good way to get acquainted with the approach and master it. I'm up for the challenge the week of December 9, 2018. Will take USD/JPY. Would welcome any advice from the pros and everyone who has recently ...

Highest Open / Lowest Open Trade

Hi all, Others begin to introduce similar concepts, url Cheers!

Billytt Die happy trading e/j daily breakout

Have seen at least two definitions. Some use an indicator that calculates ADR for them. Others use previous High/Low as their ADR. Which one do you prefer?

Billytt Die happy trading e/j daily breakout

Let's see if this helps.

Billytt Die happy trading e/j daily breakout

Hope you and yours are well. Thanks for the reply. A question. When trading M15, if the next bar (#1) is within the limits of the initial bar (#2, counting backward), is it wise to move entry points to the extremes of the last bar (#1)?

Billytt Die happy trading e/j daily breakout

Morning! Farther in the continent, it is calmer and nice. Sent you a pm. Would appreciate your response once you have time. Cheers!

Billytt Die happy trading e/j daily breakout