Highest Open / Lowest Open Trade | Page 650 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

Highest & Lowest Open/Close Price for a Loop 3 replies

I need to highest and lowest SMA 14 replies

how to get yesterday price highest and lowest 7 replies

highest to lowest volume pairs??? 3 replies

Attachments: Highest Open / Lowest Open Trade
Exit Attachments

Highest Open / Lowest Open Trade

  • #12,981
  • Jun 15, 2018 2:35pm Jun 15, 2018 2:35pm
Quoting TooSlow
{quote} Would showing you my batting average help you become a better hitter? The entry rules, indicator and template have been provided. You have to practice. The charts I posted showed a trade setup in progress. No different than viewing you own monitor. Learn by doing. Take the 10 day challenge next week. Feel free to show your trades here.
If I may comment. Although I understand why TooSlow and other traders dont show their trades -- they are not a signal service and its nice of them to even start threads like this -- I would personally find it helpful and settling to know that "someone" can be successful trading HOLO and 1,2 3 setups. I've personally wasted lots of hours on methods outlined (albeit with no follow through on the OP's part, thread fizzles out quickly) and knowing that someone actually trades successfully with a particular method (proof that the concept works long term) would give me the confidence to at least pursue the method if you catch my drift. e Actually trading it yourself is a completely different matter and just because one person can do something doesnt mean another can. That is 100% fact.....e.g. Turtle trading.

No one owes anyone anything here and having the few "senior" traders here helping people like me understand better is more than most give do and its 100% appreciated so thank you! It's always the question of whether or not the individual can make something profitable for themselves. For me, it would be the icing on the cake for someone like TooSlow and lemercenaire to say "hey guys and girls, I can truthfully say I pull money consistently out of the market with this method. If you follow the rules I've outlined and don't be a tool by adding and tweaking you can too," that would provide me the 100% confidence to pursue forward and know that my failure is because of my own stupidity not the method at its core. Maybe its been said already? I've only been studying this for a little bit and havent read the whole thread yet so I have no clue.

Anyway Please dont stop what you're doing! Me and others greatly appreciate your help!
  • #12,982
  • Jun 15, 2018 2:46pm Jun 15, 2018 2:46pm
Quoting stefan416
{quote} If I may comment. Although I understand why TooSlow and other traders dont show their trades -- they are not a signal service and its nice of them to even start threads like this -- I would personally find it helpful and settling to know that "someone" can be successful trading HOLO and 1,2 3 setups. I've personally wasted lots of hours on methods outlined (albeit with no follow through on the OP's part, thread fizzles out quickly) and knowing that someone actually trades successfully with a particular method (proof that the concept works...
Read through the 650 pages of this thread. You will find examples of winning trades. Scoreboard of wins, losses and %gained were posted. Showing my wins can be seen a bragging and be a discouragement to those who struggle. This method is not a waste of time.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,983
  • Jun 15, 2018 3:17pm Jun 15, 2018 3:17pm
Quoting TooSlow
{quote} Read through the 650 pages of this thread. You will find examples of winning trades. Scoreboard of wins, losses and %gained were posted. Showing my wins can be seen a bragging and be a discouragement to those who struggle. This method is not a waste of time.
I meant no insult in case thats how it was received and I definitely plan to read through both your threads in their entirety. I can definitely see how people can see it as bragging and I'm sure a lot of posters do so just to brag. This method seems very similar to stuff posted on another forum more focused on futures trading which has members that are super supportive to one another and fosters collaboration rather than trolling by dick heads. It's laid out and repeatable and if people take the time to do your challenge (which I think is a great idea to solve most peoples problems of simply following the rules for x amount of time) and build off that they will be pleasantly surprised from the sound of it
  • #12,984
  • Jun 15, 2018 3:40pm Jun 15, 2018 3:40pm
Quoting stefan416
{quote} Is it because Im using bar charts? Here is a candle version. 1h and 5m. would have gotten run over on the entry it looks like. Valid buy though? {image} {image}
I don't mind the bar charts as such. We tend to use candles for HOLO and bars for 1-2-3 however.

No, its just that I'm so used to my own charts - and using TS' indi. It takes a while to cue in on another format.

As for that chart - yeah, sometimes you get run over by a freight train.

I should also say that I very, very, rarely, trade Friday at all outside first thing in the morning UK time. Weird stuff happens on Fridays.
  • #12,985
  • Jun 15, 2018 4:21pm Jun 15, 2018 4:21pm
Quoting stefan416
{quote} If I may comment. Although I understand why TooSlow and other traders dont show their trades -- they are not a signal service and its nice of them to even start threads like this -- I would personally find it helpful and settling to know that "someone" can be successful trading HOLO and 1,2 3 setups. I've personally wasted lots of hours on methods outlined (albeit with no follow through on the OP's part, thread fizzles out quickly) and knowing that someone actually trades successfully with a particular method (proof that the concept works...
Hi Stefan,

As TS has said, these figures have been supplied and featured at times in the past and it is also cool to see that you understand why we do things the way we do here and are not demanding ''proof''...when such proof means nothing in reality.

What we try and do here is lay out that method and then talk the newcomers through the steps. We then actively encourage them to ask and answer their own questions. I have done so in the past, turning a question back on the poster and asking home to walk his or her way through his question. In doing this, they suddenly get that ''light-bulb'' moment as they realise they have in fact just answered their own question.

For example, instead of an ''Is this the right entry'' question, I encourage the trader to look at the chart and run through his entry criteria. He asks himself ''Did I fulfil those entry conditions?'' The ''rules'' are set out to follow. So by looking at each step and asking those questions, the trader can tick his own boxes and discover that ''Yes! It was the right entry!''

The sense of accomplishment felt by doing things this way should not be underestimated. Confidence is built very quickly this way. Working it out yourself rather than being spoon fed.

We can then read a question that says, ''Well on this trade, my entry was correct - why did it go wrong?'' and genuinely say that it was simply a bad beat. It happens. The trader gains confidence in the method bizarrely by understanding why it went wrong.

Now, for me, I can honestly say - for what it's worth - that I make money if not every single day using either HOLO or 1-2-3, then most days. I don't lose money on them on those other days, I simply haven't run the methods on those particular days.

I don't use only these methods and sometimes I will have one trade, sometimes half-a-dozen. I have been in this game a very long time. I don't waste my time on something that doesn't make me money.

You can make a very, very, good living simply by running 1-2-3 and / or HOLO.

There is absolutely no point in posting actual cash-figure p/l. In my time here, I have done this...once. That's it. It was a very, very, good set of figures - and I immediately regretted posting them. Immediately. It really does feel like simply bragging and d***-swinging. On every other thread you see this happen, it is inevitably followed by those claiming that any fool can mock-up a statement using PhotoShop. The poster simply cannot win. Damned if he does and damned if he doesn't.

Finally, this leads me to the technical side.

As I mentioned, I run a stable of different methods throughout the day. I have multiple computers running each method onto their own screens. These are my charting computers. I do not trade on them.

I place my trades with my live broker. As such, I could not show a chart with a live-trade indi included even if I wanted to, as I do not trade on those charts or place trades with those brokers.

The charts I post are of the set-ups as I see them on the charting computers. That's it.

Ah well, this turned into a bit of a novel, lol. However, I hope there is at least something in there that will help you along the way.

It's great to have you new guys on the thread and I - and I am sure my friend TooSlow - wishes nothing but success for you all.
  • #12,986
  • Jun 16, 2018 2:47am Jun 16, 2018 2:47am
Quoting stefan416
{quote} I meant no insult in case thats how it was received and I definitely plan to read through both your threads in their entirety. I can definitely see how people can see it as bragging and I'm sure a lot of posters do so just to brag. This method seems very similar to stuff posted on another forum more focused on futures trading which has members that are super supportive to one another and fosters collaboration rather than trolling by dick heads. It's laid out and repeatable and if people take the time to do your challenge (which I think is...
You got it. Whether someone says "it works" or doesn't" you will have to get up to the coal face and dig, demo trade etc to prove its efficacy to yourself. Post your trades here for comment if you wish.
every Saint has a past. Every Sinner has a Future
  • #12,987
  • Jun 16, 2018 2:52am Jun 16, 2018 2:52am
Quoting lemercenaire
{quote} As noted above, I have not been at the screens much today but going from your charts, the entry looks ok technically except for the fact that I think you have entered in the H1 candle that has set a new High and so would be a break out (See Rule #1).
Thanks for your reply Lemercenaire, but would you mind looking at my H-1 chart again please? Not sure how you can identify it as a "break-out"?
Pleasant weekend.
Hercs
  • #12,988
  • Jun 16, 2018 3:07am Jun 16, 2018 3:07am
If HoLo works or not, it does not depend by the rules, it depends by the trader. I have been successful with it, but it doesn't work for me because I don't have enough time to dedicate to it . What I can suggest is practice a lot on a demo account and ask questions. Also, for me it was helpful to follow only 2-3 pairs so I can get more sense of how it does behave. For example I used to trade EUR/USD and I have found my own insights (e.g. avoid monday morning at London open, also I have found that previous days highs and lows are much stronger as resistance compared to other pairs like EUR/AUD for example).
  • #12,989
  • Jun 16, 2018 4:20am Jun 16, 2018 4:20am
Quoting TooSlow
{quote} Would showing you my batting average help you become a better hitter? ...Feel free to show your trades here.
thats not the point.
why should i continue to show my trades, if even the threadopener does not show his trades??!
ask yourself why not many traders are following this interesting thread more actively.
just aksing questions, no offending;-)
trading is like dancing, don't think and just listen to the music!
  • #12,990
  • Jun 16, 2018 4:29am Jun 16, 2018 4:29am
Quoting lemercenaire
{quote} Hi Stefan, As TS has said, these figures have been supplied and featured at times in the past and it is also cool to see that you understand why we do things the way we do here and are not demanding ''proof''...when such proof means nothing in reality. What we try and do here is lay out that method and then talk the newcomers through the steps. We then actively encourage them to ask and answer their own questions. I have done so in the past, turning a question back on the poster and asking home to walk his or her way through his question....
If you need to print this and splash it in your desk to gain confidence. Just do it and read it at the beginning of each day.

I did something similar last year after reading what this man said. He deserves all the respect, not because he is a guru but because he is a trader. A real humble one.

After trying a couple of method last year, the first method that ever made me money consistently was HOLO. No other method works, especially those requiring 4 or more confirmations to take the trade.

If you want to reduce the pressure on your shoulders, just run it across several pairs if needed. (Sorry TooSlow, I know that you recommend using a single pair and running this method with it). You will get losers and winners but if you keep at it through the day, the winners will outgrow losers. Some days you will get winners off the bat. But be consistent. Be consistent in difficult days where you get stopped out at the beginning of the day then you get the big reveral 2 or 3 hours later or even at NY open etc... From my own experience, when I start a hard day with crappy PA, the reward is much much bigger by the end of it. This is not some kind of superstition, but think of it like the market will reward those that put the effort. You can get fake outs, etc.... many would leave after that. But those that stay, will be rewarded when the momentum starts in their direction. Anyways, experience it, back test it, don't just take my words.

This is the first method that worked for me and the funny part is that it took me 1 week only to see the results. Sorry for the gurus preaching 10 years of trading experience but no, this work right off the bat.
  • #12,991
  • Jun 16, 2018 7:09am Jun 16, 2018 7:09am
Quoting birdland
{quote} thats not the point. why should i continue to show my trades, if even the threadopener does not show his trades??! ask yourself why not many traders are following this interesting thread more actively. just aksing questions, no offending;-)
Hi birdland.

It should be said that this will be an argument of ever decreasing circles, as TS will never do this and as I explained above, neither will I. It is what it is. Nothing stopping others doing so if they want but it will never be a requirement here.

The second part of the comment is actually not going to get the answer you expect. For long periods of time in the past, we were getting 60 - some viewers at a time here. Yep, you read that right. 40 - 60 average.

Thing is, we were doing things in exactly the same way, no trades required to be shown live etc etc.

The thread would be buzzing.

What changed? Well the main reason is, at that time, myself, PippytheGrt and MichaelG were here all the time, along with a couple of other regulars. We would jaw and have a laugh and even sometimes trade. It was a hang-out. Viewers really liked that and joined in as and when they felt like it.

TooSlow is a good friend (to the three of us) but he would be the first to admit that he really doesn't "do" chat, lol.

As a result, when we three drifted off the board for various reasons, things kind of dried up.

Also - and this is even more important - those traders who got things working, just went off and got on with it. After a while, there comes a point where your general trader simply wants to trade and the need or urge even to post charts and hang out becomes less important.

The thing is, I am a full time trader, as is Pippy and Michael is in Australia (the different time zones are a pain in the butt) and coming on and hanging out here helps a full timer avoid overtrading, so serves a useful purpose not to mention the fact that often you guys are the only human interaction we would get during the day, lol.

A final important point, a VERY important point, is that with HOLO and its sister 1-2-3, the entry is actually the LEAST important part of the equation and it's then down to what the trader does NEXT that determines success. You will find that all of us have tended to develop our own variants of trade management that suit us as individuals. THAT is also why it is pointless showing each trader's results. Even within our core group, the same trade set-up will bring (even slightly) different results.

Anyway, as I said, it is what it is. It's TS' thread that we just squat on every so often.

All the best.
  • #12,992
  • Jun 16, 2018 8:42am Jun 16, 2018 8:42am
Quoting birdland
{quote} thats not the point. why should i continue to show my trades, if even the threadopener does not show his trades??! ask yourself why not many traders are following this interesting thread more actively. just aksing questions, no offending;-)
Why? Because you believe there is value to showing trades. Allowing you to post your trades while I do not post mine shows my willingness to not impose my will upon you in this area.

Many traders are not following because they believe they need something fancy to make money trading Forex. And there are plenty of traders willing to follow that line of thinking. My concern is trading not creating a cult of followers. Quality over quantity.

Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,993
  • Jun 16, 2018 9:54am Jun 16, 2018 9:54am
Who is taking the 10 trade challenge the week of JUNE 17, 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
  • #12,994
  • Jun 16, 2018 10:05am Jun 16, 2018 10:05am
Quoting TooSlow
Who is taking the 10 trade challenge the week of JUNE 17, 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!
i will!
  • #12,995
  • Jun 16, 2018 10:06am Jun 16, 2018 10:06am
Quoting TooSlow
Who is taking the 10 trade challenge the week of JUNE 17, 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!
i will! usdcad
  • #12,996
  • Edited Jun 17, 2018 4:09am Jun 16, 2018 10:20am | Edited Jun 17, 2018 4:09am
Quoting TooSlow
{quote} Why? Because you believe there is value to showing trades. Allowing you to post your trades while I do not post mine shows my willingness to not impose my will upon you in this area. Many traders are not following because they believe they need something fancy to make money trading Forex. And there are plenty of traders willing to follow that line of thinking. My concern is trading not creating a cult of followers. Quality over quantity. Cheers, Mate!
i understand you, trading is for me also the important part and not showing my trades. thats why i dont open a thread so far, because i see no sense in it.
just said, that its a pitty.
trading is like dancing, don't think and just listen to the music!
  • #12,997
  • Jun 17, 2018 10:29pm Jun 17, 2018 10:29pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 57 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,998
  • Edited Jun 18, 2018 4:18am Jun 17, 2018 11:58pm | Edited Jun 18, 2018 4:18am
Hi TooSlow. I am permitted to learn your technique. please correct if there is an error
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a.png Size: 56 KB
Click to Enlarge Name: b.png Size: 42 KB
Click to Enlarge Name: c.png Size: 98 KB
  • #12,999
  • Jun 18, 2018 1:09pm Jun 18, 2018 1:09pm
Quoting maxiv4
Hi TooSlow. I am permitted to learn your technique. please correct if there is an error {image} {image} {image}
Enter the trade at the open not beyond.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,000
  • Jun 18, 2018 6:21pm Jun 18, 2018 6:21pm
Quoting TooSlow
{quote} Enter the trade at the open not beyond.
@ H1 Lower open ?
20 traders viewing now