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Highest Open / Lowest Open Trade

  • #12,601
  • Mar 25, 2018 12:48am Mar 25, 2018 12:48am
Hi guys.
Hope you don't mind, but I had a PM and thought it might be helpful to newcomers to post the response here. I adjusted the text on one of my screen shots from the post on page 1. Hope it helps. Let me know if there are any questions. Cheers

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  • #12,602
  • Mar 25, 2018 3:25am Mar 25, 2018 3:25am
Quoting MichaelG
Hi guys. Hope you don't mind, but I had a PM and thought it might be helpful to newcomers to post the response here. I adjusted the text on one of my screen shots from the post on page 1. Hope it helps. Let me know if there are any questions. Cheers {image} {image}
Thanks for the clarification, i had the same doubts but now It is cristal clear. I appreciate your contributions and the way you help newcomers.
  • #12,603
  • Mar 25, 2018 6:26am Mar 25, 2018 6:26am
Thanks MichaelG.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,604
  • Mar 25, 2018 5:59pm Mar 25, 2018 5:59pm
Who is taking the 10 trade challenge the week of March 25, 2018?

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
  • #12,605
  • Mar 26, 2018 1:22am Mar 26, 2018 1:22am
Resuming from last week.
Trade No.8 +6.6 pips.
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  • #12,606
  • Mar 26, 2018 2:14am Mar 26, 2018 2:14am
Trade No.9 -7.9 pips.
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  • #12,607
  • Mar 26, 2018 9:49am Mar 26, 2018 9:49am
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION

Hi TooSlow, Hello MichaelG,

Thank you for your prompt reply, i appreciate. Now it is clear!
Again, TooSlow is 100% right, we MUST read #1 Post + Thread, me first !
I would like to raise why i was confused with my famous Candle E. MichaelG replied a strong confirmation rule to me, bravo!
New HIGHEST H1 OPEN = New game!

I hope i am not wrong and can help newcomers.

Page 62, #Post 1235, it is mentioned that M15 gives us 4 chances to enter per hour.

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But when we think twice, it is contradictory (if i am not wrong). Why?
The First M15 Open cannot be the Open of H1 AND at the same time above the HIGHEST H1 OPEN.

If i am not wrong, can we say for M15 Trading Plan for the example :
New HIGHEST H1 OPEN = M15 gives us 3 chances to enter the New HIGHEST H1 OPEN ?

It means for any New HIGHEST H1 OPEN, we only can enter on :

-> 2nd, 3rd and 4th Candle (M15).

Following the rule, it is not possible to enter the 1st Candle M15 :

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As mentioned MichaelG and as per TooSlow's rules, if no opportunities we WAIT for a new HIGHEST H1 OPEN.

M15:
If new HIGHEST H1 OPEN at 10:00, we cannot enter before 10:15. if rules are met, we can enter on the M15 OPENs starting at :
- 10:15 (M15 Candle #2) and/or
- 10:30 (M15 Candle #3) and/or
- 10:45 (M15 Candle #4).
If we never entered from 10:15 to 10:59:59, the sequence is terminated. Wait for a new HIGHEST H1 OPEN.

If i am not wrong, the approach is similar but adjusted to other M30, M5 and M1 Timeframes :

M30:
If new HIGHEST H1 OPEN at 10:00, we cannot enter before 10:30. if rules are met, we can enter on the M30 OPEN starting at :
- 10:30 (M30 Candle #2) Only.
If we never entered from 10:30 to 10:59:59, the sequence is terminated. Wait for a new HIGHEST H1 OPEN.

Hope i was clear for all, correct me if i am wrong please.

Mpo
  • #12,608
  • Mar 26, 2018 3:51pm Mar 26, 2018 3:51pm
Quoting mpower321
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION Hi TooSlow, Hello MichaelG, Thank you for your prompt reply, i appreciate. Now it is clear! Again, TooSlow is 100% right, we MUST read #1 Post + Thread, me first ! I would like to raise why i was confused with my famous Candle E. MichaelG replied a strong confirmation rule to me, bravo! New HIGHEST H1 OPEN = New game! I hope i am not wrong and can help newcomers. Page 62, #Post 1235, it is mentioned that M15 gives us 4 chances to enter per hour. {image} But when we think twice,...
What is the question?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,609
  • Mar 26, 2018 4:50pm Mar 26, 2018 4:50pm
Quoting TooSlow
{quote} What is the question?
Hi TooSlow,
Sorry for that, i forgot to erase the sentence. Only if something is wrong in the post, let me know. If not, i got your System
Thanx
Mpo
  • #12,610
  • Mar 27, 2018 7:17pm Mar 27, 2018 7:17pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,611
  • Mar 28, 2018 7:00am Mar 28, 2018 7:00am
Trade No.10 +5.4 pips.

Results: 5 wins, 3 BE+1's, 2 losses, 27.5 pips profit.
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  • #12,612
  • Mar 29, 2018 4:39am Mar 29, 2018 4:39am
Quoting Solveig
Trade No.10 +5.4 pips. Results: 5 wins, 3 BE+1's, 2 losses, 27.5 pips profit. {image}
hi Solveig,Congratulations on completing 10 trading challenges. What is your next plan?
  • #12,613
  • Mar 29, 2018 7:32am Mar 29, 2018 7:32am
Quoting mingqiu
{quote} hi Solveig,Congratulations on completing 10 trading challenges. What is your next plan?
Hi mingqiu, thank you. I'm really happy with the results, and I think it's actually the first time that I managed to stick to one strategy for this long, so for me it is an achievement in itself. So yeah, right now my plan is to carry on practicing HOLO, unless my lack of discipline and psychological squishiness kicks in, and ruins everything. Good luck to you.
  • #12,614
  • Mar 29, 2018 7:48am Mar 29, 2018 7:48am
Quoting Solveig
{quote} Hi mingqiu, thank you. I'm really happy with the results, and I think it's actually the first time that I managed to stick to one strategy for this long, so for me it is an achievement in itself. So yeah, right now my plan is to carry on practicing HOLO, unless my lack of discipline and psychological squishiness kicks in, and ruins everything. Good luck to you.
Thanks, Solveig, I also have the same plan as you，Good luck to you too!
  • #12,615
  • Mar 29, 2018 9:53am Mar 29, 2018 9:53am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,616
  • Mar 29, 2018 9:54am Mar 29, 2018 9:54am
Quoting Solveig
{quote} Hi mingqiu, thank you. I'm really happy with the results, and I think it's actually the first time that I managed to stick to one strategy for this long, so for me it is an achievement in itself. So yeah, right now my plan is to carry on practicing HOLO, unless my lack of discipline and psychological squishiness kicks in, and ruins everything. Good luck to you.
Do not let that happen. Control your mind.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,617
  • Apr 2, 2018 11:07pm Apr 2, 2018 11:07pm
Who is taking the 10 trade challenge the week of April 1, 2018?

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
  • #12,618
  • Apr 3, 2018 4:59pm Apr 3, 2018 4:59pm
Not much HOLO action for me lately but I did manage to luck into this one late in the day, UK time...

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A wider view on that...

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  • #12,619
  • Apr 4, 2018 4:15am Apr 4, 2018 4:15am
Is this a valid buy entry?
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  • #12,620
  • Apr 4, 2018 6:46am Apr 4, 2018 6:46am
Very interesting thread. Still studying page 1. Waiting for fifth trade in EurUsd, am 3of4 winners so far. Taking the ten trade challenge.
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