Highest Open / Lowest Open Trade

IM IN !!


first trade, closed +8 pips (RIGHT NOW)


EDIT: that was EUR/USD M15 charts, sorry

This is either really early or really late ...

That EJ trade from last night. Ended up bagging the +5. At that time of night, I took it and ran for the hills...

Today, i read the thread again, feel it is more refreshing. I will practice. Thanks to TooSlow.

Today, in 3 hours all positions win.

Master it's super performance.

hi tooslow

you have a good strategy here
bravo ...go on

i ll be watching you........

dimdel

First HOLO trade... I should have Stop to B/E by now, but this is going to take me a while to get my head around : as you can see, I'm used to larger targets and giving a trade time to move... have to ease my way into this ...



Edit 1 : took off half position @ +20 and moved stop to B/E +2, as 16 mins to LO, which sometimes triggers a reversal.
Edit 2 : 5 mins to LO, so stop now to +20 in case of reversal... walking away from computer... coffee time
(by LO, I meant London Open... & I also see today's LO (Lowest Open) has just been exceeded by a fraction of a pip, so in fact there is a potential long setup, if not yet a trigger)
Edit 3 : price still heading south, stop moved to Lowest Open long entry price (if it hits, I'm calling it a day)
Edit 4 : trade closed @ +20+32, so +26 on the full position. Steady start.... long entry (not taken) was 140.65



Edit 5 : but on closer examination, I see that this morning's breakout of the Low was indeed a "HOLO Breakout Reversal Entry" (excuse the terminology - you know what I mean, hopefully) as it was lower than yesterday's Low of the Day, so caution required before taking the long entry.

Nice trade.

Do you have a "practical minimum" as to how may pips price must drop below the HI LO, please (in your trade above, it was just 3.5 pips on my chart) ?

PS. Is that one of Avery's indicators showing the H1 LO + price segments on the M5 chart, please ?

Indicators and templates used for this thread have been uploaded.

Who is taking the 10 trade challenge the week of AUGUST 20, 2017?

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!

HOLO Trade #2 : DAX

2 minutes +21

I am challenging myself - after all, from one perspective that is what trading is, an immense self-challenge - as I am using 3 instruments at this point, GBPJPY, DAX CFD, 6E Euro Futures, so this does not qualify for TooSlow's excellent 10 trade weekly challenge. If I'm around for the US Open, I might add USDJPY.

Many thanks to TooSlow for this very clearly-described method (I am also studying his 123 thread, but presently like the even greater simplicity of this thread, which enhances a method I have been using for some time).

HOLO Trade #2 : DAX

2 minutes +21

I am challenging myself - after all, from one perspective that is what trading is, an immense self-challenge - as I am using 3 instruments at this point, GBPJPY, DAX CFD, M6E Euro Micro-Futures, so this does not qualify for TooSlow's excellent 10 trade weekly challenge. If I'm around for the US Open, I might add USDJPY.

Many thanks to TooSlow for this very clearly-described method (I am also studying his 123 thread, but presently like the even greater simplicity of this thread, which enhances a method I have been using for some time).



Edit : HOLO Trades #3 M6E +1 (fear-based exit, actually) & #4 GJ +21 +11 stop (stop since posting chart) :