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Highest Open / Lowest Open Trade

  • #13,001
  • Jun 18, 2018 9:55pm Jun 18, 2018 9:55pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,002
  • Jun 18, 2018 11:18pm Jun 18, 2018 11:18pm
Took five from Gold, once I get my trade manager set up I'll BE+1 at 5 and take 1/2 off the table and ride the rest...
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  • #13,003
  • Jun 19, 2018 5:01am Jun 19, 2018 5:01am
Quoting pedross
Took five from Gold, once I get my trade manager set up I'll BE+1 at 5 and take 1/2 off the table and ride the rest... {image}
Hope you held some of that GOLD move, lol.
  • #13,004
  • Jun 19, 2018 5:04am Jun 19, 2018 5:04am
Quoting TooSlow
{quote} Enter the trade at the open not beyond.
like this ?
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  • #13,005
  • Jun 19, 2018 6:05am Jun 19, 2018 6:05am
the problem i have is this :

I mark on the 5M time frame chart every H1 opening on below picture

now i dont take the trade, but let's just say i do put a buy stop on every H1 lower open and H1 higher open, and put stop lost on d1[0] low or d1[0] high....
it would be 5 stop loss hit

and btw the area betwen H1 higher open to the d1[0]high today, price never enter to make a new open on 5M chart so there's no sell stop i make today....

now the rule of HOLO, after i read this tread over and over again, plus finding a video on youtube that explaine it i think i got it.
but that 1-2-3 thing's i have no clue at all...
ever i think i got it but when i asked on that tread, it was wrong, and i got the answer in riddle with a high grade professor einstein english spelling s**t

now i'am not a high education person, infact i'am academic stupid
i pick up my forex knowledge from here and there, scraping from garbage can, seeing good trade and bad trade and i try it my self to see if i understand something, collecting gold nugget here and there,. until i stumble upon this thread.

i have spent about the last 3 month trying to make out of good result from HOLO indicator but all i get is win some lose more.....
but i think, this HOLO indicator is very good, not like other indicator that claim to be the "holy grail" s**t
this HOLO is great as f**k

so this come to a conclution for me that maybe the key is in the conjungtion with that 1-2-3.....? maybe

so please if you don't mid answer me this one last question of mine, is it true?


Ps : with a big regret that i have to stop using HOLO indicator as for me it not work, but still HOLO indicator is a great one guys, still have it on my mq4 folder and never to delete it, but i have to move on, keep studying forex market keep scraping garbage here and there to collect that nugget piece by piece until it's form a solid rule,plan,and strategy.

thank you
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  • #13,006
  • Jun 20, 2018 12:21pm Jun 20, 2018 12:21pm
This system is very powerful. I have been trading for about 8-1/2 years and tried all kinds of systems and studied fibs, Supply and Demand Support and Resistance ect. and when I first looked at this many months ago, I said this looks to easy. It can't be that good just to simple. Boy oh boy was I dead wrong, this has been an eye opener for me I just about love this system of trading. Wish I had been trading this way months ago.
  • #13,007
  • Jun 20, 2018 12:32pm Jun 20, 2018 12:32pm
Quoting Forexholy
This system is very powerful. I have been trading for about 8-1/2 years and tried all kinds of systems and studied fibs, Supply and Demand Support and Resistance ect. and when I first looked at this many months ago, I said this looks to easy. It can't be that good just to simple. Boy oh boy was I dead wrong, this has been an eye opener for me I just about love this system of trading. Wish I had been trading this way months ago.
Good to hear HOLO is working for you.
  • #13,008
  • Jun 20, 2018 6:18pm Jun 20, 2018 6:18pm
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....
Thank you for taking the time to say what you did. It really seems like there is a great group of traders in this thread. I wish stumbled on it sooner....just started a new job/career as a construction coordinator with some pretty extended hours so will have to make time. My dream is still to live off trading!
  • #13,009
  • Jun 20, 2018 6:22pm Jun 20, 2018 6:22pm
Quoting samuel2133
{quote} 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,...

It's so very nice to hear from another fellow trader who can attest to the success of HOLO and 1-2-3. Awesome thread with awesome members!
  • #13,010
  • Jun 21, 2018 9:14am Jun 21, 2018 9:14am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,011
  • Jun 21, 2018 9:18am Jun 21, 2018 9:18am
Quoting Forexholy
This system is very powerful. I have been trading for about 8-1/2 years and tried all kinds of systems and studied fibs, Supply and Demand Support and Resistance ect. and when I first looked at this many months ago, I said this looks to easy. It can't be that good just to simple. Boy oh boy was I dead wrong, this has been an eye opener for me I just about love this system of trading. Wish I had been trading this way months ago.
Yes, it is too simple. Not enough indicators to hide the price bars. Rules too simple to follow. Nothing cool to look at. Just not impressive at all. And it takes time as in it is too slow...
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,012
  • Jun 21, 2018 12:35pm Jun 21, 2018 12:35pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 59 KB


Not official HOLO. Profit is what matters.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,013
  • Jun 21, 2018 1:00pm Jun 21, 2018 1:00pm
Got a heads-up from a friend about the set-up and although I had missed his original entry, I lucked into the second one...

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  • #13,014
  • Jun 21, 2018 4:09pm Jun 21, 2018 4:09pm
This system is great. 24 trades in 3 day 20 wins 4 losses!
  • #13,015
  • Jun 21, 2018 4:53pm Jun 21, 2018 4:53pm
Quoting Forexholy
This system is great. 24 trades in 3 day 20 wins 4 losses!
Great stuff.

Did anything specific strike you over those trades? Did you use a single pair? A select group of pairs? Any pairs?

Did you trade at the same, specific, time?

If you could answer these questions and perhaps fill in some of the blanks, then that would no doubt be very useful for new traders.

Cheers - and well done again.
  • #13,016
  • Jun 21, 2018 8:44pm Jun 21, 2018 8:44pm
I look for any pair that is entering a good set up coming out of the high or from the low in the 1 minute time frame and strong vs weak. I do use the COT Report to find out where the banks are putting their money for long or short trades and I also look for pullbacks that could be happening with this system and get in and out of the trades using my fibs. I have noticed that I can normally trade form the lower open -( following the rules) to the higher open and also the opposite direction. I get off work at around 1:15 so I trade till the end of US session right into the Asian session. This has been working out pretty good for me so far.
  • #13,017
  • Jun 21, 2018 11:20pm Jun 21, 2018 11:20pm
Quoting Forexholy
I look for any pair that is entering a good set up coming out of the high or from the low in the 1 minute time frame and strong vs weak. I do use the COT Report to find out where the banks are putting their money for long or short trades and I also look for pullbacks that could be happening with this system and get in and out of the trades using my fibs. I have noticed that I can normally trade form the lower open -( following the rules) to the higher open and also the opposite direction. I get off work at around 1:15 so[/highlight]...
Excellent. No doubt the fact that the US session tends to reverse the moves made in the UK one (even if partially before continuing on) is handy to know if beginning to trade at that time.

Thanks for the info.
  • #13,018
  • Jun 22, 2018 6:24am Jun 22, 2018 6:24am
Gentlemen,

For some time now I have been battling with the following scenario which I attach here on EURUSD_H1 chart:

BUY in Aqua-lines # 1 and # 2.

Which is the correct entry, please?

# 3 - in Yellow Triangle off the candle to be used for the SHORT. Is this correct?

Be kind enough to help me with this request.

Continued success to you.
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Hercs
  • #13,019
  • Jun 22, 2018 8:33am Jun 22, 2018 8:33am
Quoting Hercs
Gentlemen, For some time now I have been battling with the following scenario which I attach here on EURUSD_H1 chart: BUY in Aqua-lines # 1 and # 2. Which is the correct entry, please? # 3 - in Yellow Triangle off the candle to be used for the SHORT. Is this correct? Be kind enough to help me with this request. Continued success to you. {image}
Sorry, I don't follow this.

Assuming this is the H1 chart...

''BUY in Aqua-lines # 1 and # 2. Which is the correct entry, please? ''

You wouldn't be buying anywhere near this. You are at the top of the day's range. This is short territory.

''# 3 - in Yellow Triangle off the candle to be used for the SHORT. Is this correct? ''

The Highest Open was the Open of the yellow-triangle-marked candle and so the yellow line was the level to go Short from. However, you then have a red candle open and set a new High. The Open of THAT candle is now the Highest Open and forms a new entry level (so long as it comes in the next candle, as the forst red is a breakout candle and is not a valid entry set-up). As it turns out, there is no entry off that level as a HOLO.

However, there is a 1-2-3 method entry Short at the Open level of the second red candle.
  • #13,020
  • Jun 22, 2018 8:44am Jun 22, 2018 8:44am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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