My objective is to learn the skill of flawless execution of my trading plan
vidvad's 2023 4-9-18 ema journal 62 replies
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DislikedI have copied and pasted below the rules for the original HOLO presented by too slow. I do not use any of the rules that have been added later to try to make it easy for those who were too stupid to be able to trade by the original rules. The new rules make it more confusing, imo. If you're interested in learning the HOLO, the following is all you need to learn: HIGHEST OPEN / LOWEST OPEN TRADE Place a line at the highest H1 open and lowest H1 open for the current day. Sell short at the highest H1 open after price goes up through it and comes back...Ignored
DislikedOil made an initial push high to $78.55. It then pulled back below the Lowest Open, and made a slightly higher high at $78.57. My stop is now moved up to +1 tick as there is the possibility that the second high, which has been quickly sold, is a little double top or bear flag high. This is how I manage these trades. Initial stop loss is either below the low or day or -25 ticks, whichever is the smaller loss, i.e. I never lose more than -25 ticks on one of these trades. I generally am very patient with trailing my stop loss. I use the five minute...Ignored