Highest Open / Lowest Open Trade

Quoting stefan416

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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. {image}

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Quoting TooSlow

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{quote} Post the chart using hour bars. Should be easier to see if that was a valid entry.

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Quoting stefan416

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{quote} Here's an hourly view. Thanks for helping out TooSlow. Do you confirm with a 5m open between day's high and highest open (for a short)? I believe I had read that in one of the PDFs in the attachments section. Im still slowly trying to get through the thread. Thanks. {image}

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Quoting stefan416

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{quote} Here's an hourly view. Thanks for helping out TooSlow. Do you confirm with a 5m open between day's high and highest open (for a short)? I believe I had read that in one of the PDFs in the attachments section. Im still slowly trying to get through the thread. Thanks. {image}

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Quoting lemercenaire

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{quote} Hi Stefan. As TS says, it looks good. However, it is a little difficult to tell what's what on your chart. As such, I thought it may be useful to put up a similar example (also on the 500, which does work well with HOLO and 1-2-3). An overview on the H1... {image} Entry on the m15... {image} Entry on the m5... {image} So, in summary, we have a new H1 Highest Open, which forms an ''Area of Interest'' with the Daily High. A candle (m5 or m15) opens in that area and we can enter as price then crosses back down over the H1 Open level.

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Quoting mizi123

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Lem im i right {image}

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Quoting stefan416

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{quote} Thank you for your view. Looks like you have the 24 ETH as opposed to RTH that SPY trades. Have you looked at whether or not to take the 24 hour session or just the regular session hours for S&P500? What about this potential trade on WTI? 1H and 5M view. Now its been stopped out by a huge downward move. {image} {image}

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Quoting Hercs

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Hi Lemercenaire, Trust you had another successful day. Please could you look at my 2 charts for the USDJPY, showing H1 and of course M-15. Just to confirm that my entry was correct (even although it gave me an excellent run all the way down): Chart one is the H1-chart here: {image} Chart 2 is M-15 from where I traded as marked: {image} Entry was when the price went through the Red-candle at the SandyBrown horizontal line which represented the Open of the H-1 candle as per first screen-shot. Looking forward to hearing from you ate your earliest convenience,...

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Quoting mizi123

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{quote} I have break 1 rule unconsciousn higer brekout was warning i will be more conscious next time

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Quoting lemercenaire

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{quote} I trade the UK day session and do occasionally trade ''out of hours''. This is purely because my broker offers a desk open at those times. If they didn't, it wouldn't bother me. Again, though, I'm sorry, I can't follow your charts very well. I have been away from the screens since first thing this am, so will need to go and see if I can identify the set-up.

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Quoting birdland

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{quote} your charts are nice, but a pitty that you dont show your trades (entry/exit)

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