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Highest Open / Lowest Open Trade

  • #12,901
  • May 29, 2018 10:06am May 29, 2018 10:06am
Quoting Tabary
is the rule on number 6 meaning : example : a new H1 higher open is made, then 10 minute later there is a new open price on 5M chart and it's in high and higher open area so i enter a sell. then the next 50 minute i should have close the trade, despite it's a win or a loss?
No.

It means you don't take more than one trade at a time on any given bar.
  • #12,902
  • May 29, 2018 10:06am May 29, 2018 10:06am
Possibilities on AU.
  • #12,903
  • Edited 3:01pm May 29, 2018 2:50pm | Edited 3:01pm
Quoting lemercenaire
Possibilities on AU.
I took it today!
Great and simple method.
Thanx TS and other traders!

and closed gold very early... before huge movement
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  • #12,904
  • May 29, 2018 3:01pm May 29, 2018 3:01pm
Quoting Sergey22
{quote} I took it today! Great and simple method. Thanx TS and other traders! {image}
Welcome aboard and well done.
  • #12,905
  • May 30, 2018 3:44am May 30, 2018 3:44am
Thanks to all contributors and TooSlow for thread.
Been reading for a while (only half way through thread).
First trade today on EURUSD. Moved to +5 before returning to adjusted tp of +1 pip.
I believe a followed all rules and criteria. Please feel free to advise if otherwise.

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  • #12,906
  • May 30, 2018 5:55am May 30, 2018 5:55am
Hi folks! USDCHF playing now:
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  • #12,907
  • May 31, 2018 10:00am May 31, 2018 10:00am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,908
  • May 31, 2018 3:16pm May 31, 2018 3:16pm
Quoting TooSlow
{image}
Hi TooSlow. Please will you help me with this Pair Strength indicator. Thanks in advanced.

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  • #12,909
  • May 31, 2018 5:23pm May 31, 2018 5:23pm
hi all,

Pardon my English as it is not my native language.

i must give credit to you all, thank a lot for the simplicity of HOLO and 123. They take me 2 year trading on mobile to fully utilise them on my trading journey. Yup...on mobile. I dont have the luxury to trade with indicators. I use Fibs but it is tailored and suited for my purpose. Dont get me wrong tough, FIB is just a ruler for me.HOLO and 123 as my trigger.

I do share HOLO and 123 with my friends. Surely they were sceptical at first. It was too simple to begin with. I remember we got disputes on the daily open. Which is the best open to use? Finally for the sake of simplicity we just use the " period separator " to mark our daily open.

I understand the urge to trigger the trade as soon as possible. That time we were dare devils. As we grow from trading experience, finally we could wait for the HOLO and 123 trade to fully develop. Patience and perseverance were keys to our success with HOLO and 123.

One will question, how HOLO and 123 benefiting from trends? Our take were simply, buy every daily LO and 123, hold and stacks them for long enough until our SL are hit @ we are on doubt that trend has change. True to sell every HO and 123, hold and stacks. Again patience and perseverance bought us trough. Breakouts? We dont deal with them. HOLO 123 already taken care of breakouts since they are plenty carry forward trades previously.

Do HOLO 123 for long enough to built confidence, develop Risk and Reward skills, our trading become light and easy. No more remourse for revenge trading.No more remourse for sharp entry. No more headaches on a myrad of conflicting indi. All indis surely are lagging. HOLO and 123 were there too solve them all along. We were blinded with complexity.

TooSlow , PipEasy, CrucialPoint sincerely I thank you for the knowledge and wisdom. I wish your all the best of luck in your trading carrier. I sincerely thank you again and again. We still do 0.01 challenge on our second acc up till today. Surely the second acc look more lively and lovely compared to the main acc. Only both my acc are running both HOLO and 123. Compared to my friends, they still choose to run amok with indi for their main acc.

Well you are your own master. So let them be. I hope they reliase the simplicity soon and HOLO 123 would be a game changer for them.

Again , thank you. Sincerly from Malaysia
  • #12,910
  • May 31, 2018 5:59pm May 31, 2018 5:59pm
Quoting merah678
hi all, Pardon my English as it is not my native language. i must give credit to you all, thank a lot for the simplicity of HOLO and 123. They take me 2 year trading on mobile to fully utilise them on my trading journey. Yup...on mobile. I dont have the luxury to trade with indicators. I use Fibs but it is tailored and suited for my purpose. Dont get me wrong tough, FIB is just a ruler for me.HOLO and 123 as my trigger. I do share HOLO and 123 with my friends. Surely they were sceptical at first. It was too simple to begin with. I remember we got...
Hi merah678.

So nice to hear from you and congratulations. I hope that your story and journey will be an inspiration for others new to the HOLO and 1-2-3 methods. Surely a perfect example of hard work and perseverance!

You also show that by taking a method and once you have learned the basics, tweaking it and making it your own, to suit your own trading personality and style, you can form a winning strategy.

Good luck going forward and perhaps you could drop in once in a while and update us on your progress.
  • #12,911
  • May 31, 2018 11:57pm May 31, 2018 11:57pm
Quoting Foster01
{quote} Hi TooSlow. Please will you help me with this Pair Strength indicator. Thanks in advanced. {image}
That is not a pair strength indicator. That is a change pair/chart period button indicator from ADVANCED ALIEN TECHNOLOGY YouTube is your friend.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,912
  • May 31, 2018 11:59pm May 31, 2018 11:59pm
Quoting merah678
hi all, Pardon my English as it is not my native language. i must give credit to you all, thank a lot for the simplicity of HOLO and 123. They take me 2 year trading on mobile to fully utilise them on my trading journey. Yup...on mobile. I dont have the luxury to trade with indicators. I use Fibs but it is tailored and suited for my purpose. Dont get me wrong tough, FIB is just a ruler for me.HOLO and 123 as my trigger. I do share HOLO and 123 with my friends. Surely they were sceptical at first. It was too simple to begin with. I remember we got...
You have done well. Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,913
  • Jun 1, 2018 3:10am Jun 1, 2018 3:10am
It is simple method/thinking process but quite hard for real life.
  • #12,914
  • Edited 3:59pm Jun 1, 2018 9:06am | Edited 3:59pm
Quoting MichaelG
Hi, Thanks to all for your kind words. Much appreciated. Now just one last post for now, for those who may struggle with the difference between the ASK price and the BID price. This is not "on thread topic", but I think it is relevant to this type of strategy. Forgive me if you know this. Just something that might help new traders. Hope it helps. Regards Michael {image}
Hi MichaelG, thank you for your excelent explications.
I was wondering, when you put your Stop Loss, you also take in mind the Ask and Bid price, and move your Stop Loss a bit further away at the same distance what would be the difference between ask and sell price? When I don t do that I get stopped out at a too early price level.
  • #12,915
  • Jun 2, 2018 9:20am Jun 2, 2018 9:20am
Quoting RealProfits
It is simple method/thinking process but quite hard for real life.
Practice. Things get easier with practice.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,916
  • Jun 2, 2018 9:21am Jun 2, 2018 9:21am
Who is taking the 10 trade challenge the week of JUNE 3, 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
  • #12,917
  • Jun 4, 2018 11:16am Jun 4, 2018 11:16am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,918
  • Jun 4, 2018 2:37pm Jun 4, 2018 2:37pm
Hi All:

Do any of the indicators you are using work in the Strategy Tester? I tried to use them to practice using historical data but they don't redraw in the ST on my installations. Anyone have something that works in ST?
  • #12,919
  • Jun 4, 2018 3:14pm Jun 4, 2018 3:14pm
Quoting Hambone
Hi All: Do any of the indicators you are using work in the Strategy Tester? I tried to use them to practice using historical data but they don't redraw in the ST on my installations. Anyone have something that works in ST?
The best strategy testing is the 10 TRADE CHALLENGE. Don't you have $10 to spare? Trade $.10 a pip. Stop loss set at $1.00. It would be tough to lose 10 in a row if you follow the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,920
  • Jun 6, 2018 8:08am Jun 6, 2018 8:08am
Hi guys,
Could anyone tell me how to put my SL in BE when I get to 6 pips in my favor? My broker does not allow to move SL so close to the actual price. I think it has to be at least 10 or 15 pips away from the actual price.. So I can not cumply with the rules of your system because of that. I just am in an operation now. I had more than 7pips in my favor... so I want to move my SL to BE but I can only move it to máximum -8 pips...
Sorry if this question might have been answered before.. I have read a lot of pages but more than 600 is a bit dificult
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