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As complicated as necessary: Highest Open / Lowest Open Trade 854 replies

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Highest Open / Lowest Open Trade

Hello TooSlow

Thanks for this method And I will try it this week on demo, but I have a question, please

I do not understand this :

When trade is +5 or more, move stop to BE+1.
When trade is +10 or more, move to to BE+5
Quoting sicario
Hello TooSlow Thanks for this method And I will try it this week on demo, but I have a question, please I do not understand this : When trade is +5 or more, move stop to BE+1. When trade is +10 or more, move to to BE+5
When price on your trade has moved to show +5 or more in profit, move your stop to lock in +1 pip.
When you are +10 in profit, move that sl up to lock in +5 pips.
Who is taking the 10 trade challenge the week of JANUARY 12, 2020?

During the challenge, you are only to trade the same pair.

Beginners do not get to trade multiple pairs until they have mastered trading one single pair.

GREEN PIPS TO ALL.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting lemercenaire
{quote} When price on your trade has moved to show +5 or more in profit, move your stop to lock in +1 pip. When you are +10 in profit, move that sl up to lock in +5 pips.
Thank you so much lemercenaire
Hi all,

Hope you had a good weekend.

Challenge day #3

Stopped: -4.8 pips.

Let's hope for a good week.
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He bought? Dump it!
Quoting ifurlan
Hi all, Hope you had a good weekend. Challenge day #3 Stopped: -4.8 pips. Let's hope for a good week. {image}
You are trading these markets at really weird times.
Quoting lemercenaire
{quote} You are trading these markets at really weird times.
Do you mean TradingView timezone? It's adapted to my timezone, which is GMT -3.

Anyway, I can only trade the Asian session, which is the 3rd candle after a new day has started. Trading today wasn't a smart choice by the way, it's Sunday night and national holiday in Japan as well.
He bought? Dump it!
Quoting ifurlan
{quote} Do you mean TradingView timezone? It's adapted to my timezone, which is GMT -3. Anyway, I can only trade the Asian session, which is the 3rd candle after a new day has started. Trading today wasn't a smart choice by the way, it's Sunday night and national holiday in Japan as well.
I meant it is Sunday night and a Japanese holiday long weekend and the US and UK markets are closed.

If you are trading Asian session seriously, then you could probably include USD if it is a weekday but for me, I would be more inclined to run AUD or NZD alongside your JPY. I appreciate the spreads can be killer esp on NZD pairs but at least those markets are open.
Quoting lemercenaire
{quote} I meant it is Sunday night and a Japanese holiday long weekend and the US and UK markets are closed. If you are trading Asian session seriously, then you could probably include USD if it is a weekday but for me, I would be more inclined to run AUD or NZD alongside your JPY. I appreciate the spreads can be killer esp on NZD pairs but at least those markets are open.
Hi lemer, Thanks for the advice. I'm a newbie here so I just want to ask. Which pair should I use with this method? I found this HOLO is very interested so I want to give it a try.
Quoting sonhagaga
{quote} Hi lemer, Thanks for the advice. I'm a newbie here so I just want to ask. Which pair should I use with this method? I found this HOLO is very interested so I want to give it a try.
That will depend a little on where you are based. Try and work with pairs that are active and markets open in your time zone.

Other than that, HOLO works best in pretty ranging markets, so look for a pair that have perhaps made new Highs or Lows recently but now seem to be failing to go on. That is your hunting ground.

If it is any help, TS specialises in UJ. I take set ups as and when I come across them.

Horses for courses.

Good luck!
Price has broken the previous day high, so no trades for today.
He bought? Dump it!
Quoting ifurlan
Price has broken the previous day high, so no trades for today.
Time to watch what happens and add to the knowledge bank.
Quoting lemercenaire
{quote} Time to watch what happens and add to the knowledge bank.
Yup, the best exercise, to watch the price behaviour.
He bought? Dump it!
Quoting ifurlan
{quote} Yup, the best exercise, to watch the price behaviour.
Exactly.
No trades for today. It's almost bedtime and no trading setups so far; woe is me! As soon as I get used to HOLO, I'll add AUD/USD to my trading list.
He bought? Dump it!
Took a quiet and late HOLO on GU for a slow +5
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • Post #14,598
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  • Edited Jan 16, 2020 5:40am Jan 15, 2020 9:33pm | Edited Jan 16, 2020 5:40am
Finally I've got a short setup on USDJPY. I'll later update this post about what happened.

Update: stopped -7
He bought? Dump it!
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Hi TooSlow,

I just came across your thread and find it quite interesting. I "think" I understand. I will attempt to place some trades and hope you can correct any misconceptions I may have regarding the system.

Thanks
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