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Highest Open / Lowest Open Trade

  • #12,941
  • Jun 13, 2018 8:31am Jun 13, 2018 8:31am
Quoting Hercs
{quote} TooSlow or anyone else, I find this method incredibly accurate and very easy to understand bar one and that is your latest post ( #12936 ) which seems to indicate that the Day's Low is the "day's low" and all trades are taken between the Day's High and Low. My understanding from the very first posts - sorry Michael as you have done us a great service by explaining the method so succinctly - is that I have to look for those "moving - opens" as the day unfolds. I interpret TooSlow's post above that my understanding is erroneous....
what do you really want? ask simple question that we can help
trading is like dancing, don't think and just listen to the music!
  • #12,942
  • Jun 13, 2018 8:38am Jun 13, 2018 8:38am
Quoting birdland
{quote} what do you really want? ask simple question that we can help
Have you had a look at TooSlow's chart that he posted and read my question with that in mind?
I thought it was a pretty straight forward question? No?
Hercs
  • #12,943
  • Jun 13, 2018 9:10am Jun 13, 2018 9:10am
Quoting Hercs
{quote} TooSlow or anyone else, I find this method incredibly accurate and very easy to understand bar one and that is your latest post ( #12936 ) which seems to indicate that the Day's Low is the "day's low" and all trades are taken between the Day's High and Low. My understanding from the very first posts - sorry Michael as you have done us a great service by explaining the method so succinctly - is that I have to look for those "moving - opens" as the day unfolds. I interpret TooSlow's post above that my understanding is erroneous....
I think you may be getting mixed up with the Day's Low and the Lowest H1 Open?

The Day's Low will, unless it is caught up in a runaway train, remain reasonably stable once set, at least for a few hours perhaps, whereas the Lowest H1 Open can potentially change every hour.

So actually both your statements are true:

Yes, all trades are taken between the Day's High and Low (which is actually pretty self-evident if you think about it)...and...

Yes, you look for the ''moving (H1) opens'' as the day progresses (all of which will be inside the range of the Day's High and Low).
  • #12,944
  • Jun 13, 2018 9:12am Jun 13, 2018 9:12am
Quoting Hercs
{quote} Have you had a look at TooSlow's chart that he posted and read my question with that in mind? I thought it was a pretty straight forward question? No?
yes, when you mean the 0)-8) points? these are the rules at its simplest.
but maybe i understood you wrong...
what helped me was donwloading the indicator from Swingman and watch it a few days to understand all the lines.
trading is like dancing, don't think and just listen to the music!
  • #12,945
  • Jun 13, 2018 9:17am Jun 13, 2018 9:17am
Quoting lemercenaire
{quote} I think you may be getting mixed up with the Day's Low and the Lowest H1 Open? The Day's Low will, unless it is caught up in a runaway train, remain reasonably stable once set, at least for a few hours perhaps, whereas the Lowest H1 Open can potentially change every hour. So actually both your statements are true: Yes, all trades are taken between the Day's High and Low (which is actually pretty self-evident if you think about it)...and... Yes, you look for the ''moving (H1) opens'' as the day progresses (all of which will be inside the...
You are a blessing indeed. Thanking you most sincerely.
Continued success to you.
Hercs
  • #12,946
  • Jun 13, 2018 9:17am Jun 13, 2018 9:17am
I got in on this late as a result of missing the 1-2-3 original entry - so I took the play on the retrace up to the HOLO level. Right place, right time. Sometimes you just have to wing it.

Attached Image (click to enlarge)
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  • #12,947
  • Jun 13, 2018 9:18am Jun 13, 2018 9:18am
Quoting birdland
{quote} yes, when you mean the 0)-8) points? these are the rules at its simplest. but maybe i understood you wrong... what helped me was donwloading the indicator from Swingman and watch it a few days to understand all the lines.
Oh I have watched and used that indicator with great pleasure, Birdland. Thanks for recommending it again.
Appreciate your time.
Continued success to you too.
Hercs
  • #12,948
  • Jun 13, 2018 9:20am Jun 13, 2018 9:20am
Quoting Hercs
{quote} You are a blessing indeed. Thanking you most sincerely. Continued success to you.
Not at all. Happy to help.

Is that what it was? Just a misunderstanding? Is it clear now?
  • #12,949
  • Jun 13, 2018 9:54am Jun 13, 2018 9:54am
Quoting lemercenaire
{quote} Not at all. Happy to help. Is that what it was? Just a misunderstanding? Is it clear now?
Yes it was and thank you for taking time out to get me back on track.
Much appreciated.
Blessings.
Hercs
  • #12,950
  • Jun 13, 2018 10:19am Jun 13, 2018 10:19am
here a ACH long HOLO trade, which was triggered by the H1 open line (i normally dont like CH pairs, big spreads&slower than Euro pairs, but this was "crying for buying";-))
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDCHFM5.png Size: 61 KB
trading is like dancing, don't think and just listen to the music!
  • #12,951
  • Jun 13, 2018 10:26am Jun 13, 2018 10:26am
Quoting birdland
here a ACH long HOLO trade, which was triggered by the H1 open line (i normally dont like CH pairs, big spreads&slower than Euro pairs, but this was "crying for buying";-)) {image} {image}
Be careful not to confuse the newcomers, bird.

It's a nice snap trade but it's not HOLO (or 1-2-3), as your entry level would be the lower H1 open shown by the green line below.

EDIT: What you've done is in fact a nice H1 Wick-Zone trade. Just don't tell anyone
  • #12,952
  • Jun 13, 2018 10:35am Jun 13, 2018 10:35am
Quoting lemercenaire
{quote} Be careful not to confuse the newcomers, bird. It's a nice snap trade but it's not HOLO (or 1-2-3), as your entry level would be the lower H1 open shown by the green line below. EDIT: What you've done is in fact a nice H1 Wick-Zone trade. Just don't tell anyone
nice word creation;-)
well, sometimes my trading holo or 123 is getting almost intuitive and i get confused with exact specification words. but picture tells all.
trading is like dancing, don't think and just listen to the music!
  • #12,953
  • Jun 13, 2018 1:41pm Jun 13, 2018 1:41pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,954
  • Jun 13, 2018 1:51pm Jun 13, 2018 1:51pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,955
  • Jun 13, 2018 2:04pm Jun 13, 2018 2:04pm
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Inserted Video


Lem likes music.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,956
  • Jun 14, 2018 8:16am Jun 14, 2018 8:16am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,957
  • Jun 14, 2018 9:57am Jun 14, 2018 9:57am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,958
  • Jun 14, 2018 9:58am Jun 14, 2018 9:58am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,959
  • Edited 10:59am Jun 14, 2018 10:05am | Edited 10:59am
Quoting TooSlow
{image}
your charts are nice, but a pitty that you dont show your trades (entry/exit)
trading is like dancing, don't think and just listen to the music!
  • #12,960
  • Jun 14, 2018 10:43am Jun 14, 2018 10:43am
Hi All,

Im looking to try trading HOLO with the S&P 500 ETF (SPY). Would this be considered a proper short entry for HOLO? What about the potential second entry? Thanks!

P.S the Blue lines are hourly closes/opens. Red/orange line is the first open of trading at 930est.
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