For newbies, if it's a breakout bar, you should be ignoring it anyway and moving on to another pair.

Highest Open / Lowest Open Trade

I would also add one small but quite significant point here, if that's ok, MG... Recently TS posted a chart and posed the question of how often the price moved +3 pips or +5 pips after a triggered move - it had lines at 5 pip intervals and it was ...

Highest Open / Lowest Open Trade

I cannot like this enough... You gotta' stick to it though...no cheating ''just this once...''

Highest Open / Lowest Open Trade

They're all over the place! EURGBP, GBPCHF, GBPCAD...Breakouts, breakouts, everywhere...Do I need to remind everyone to tread carefully?

Highest Open / Lowest Open Trade

EURUSD Or this one? image

Highest Open / Lowest Open Trade

GBPUSD Can anyone spot the BreakOut in this picture? image

Highest Open / Lowest Open Trade

Well at least no one has spotted Bernanke taking tea this time...

Highest Open / Lowest Open Trade

NZDJPY Or here... image

Highest Open / Lowest Open Trade

AUDJPY Those trading the Southern Hemisphere could do worse than keep an eye on these two... image

Highest Open / Lowest Open Trade

You'll do it once...you no doubt will do it twice...then one day it will bite your ass - bad... I guess we've all done it. Maybe it's a rite of passage. I do know that I sure as hell don't do it any more.

Highest Open / Lowest Open Trade

image

Highest Open / Lowest Open Trade

But why did you enter late? How late? 1 pip? 10? Over-thinking and delay (bad) or fat-fingers (still bad but at least understandable)? I couldn't trade via a mobile.

Highest Open / Lowest Open Trade

Failure to trust the method - causes over-thinking, confusion and delay in trade execution.

Highest Open / Lowest Open Trade

There's a threshold?! Good grief...

Highest Open / Lowest Open Trade

It is interesting though. I have felt no urge to adjust my broker start time etc and to fall into the trap that so many other threads seem to, by trying to synchronise every platform, every start time, to one common point. I use my indicator and it ...

Highest Open / Lowest Open Trade

To annoy Pippy about price-action cues ​ They show that the move is running out of steam and the direction is undecided and hesitant (long wicks and tails). I'd also be wary of that gap from earlier...

Highest Open / Lowest Open Trade

Ah...but is that my broker 00:00? Your broker 00:00? UK 00:00? US 00:00? MichaelG's middle-of-everyone-else's-night 12:00? I can feel my brain starting to leak out of my ears...

Highest Open / Lowest Open Trade

It is also a good way for those who have a bit more experience, not just newbies. We can all benefit from a bit of humility...an added Bruce-Lee-Ness in our trading lives. Take the time to ''un-learn'' all the useless, extraneous, guff that will ...

Highest Open / Lowest Open Trade

Love it. However I would use this as a second stage marker, as one of the reasons to add your own lines is that it helps you to see the high being formed if you have to move it yourself - that was part of the key to understanding for me. Perhaps ...

Highest Open / Lowest Open Trade