Highest Open / Lowest Open Trade | Page 654 | 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

  • #13,061
  • Jun 27, 2018 7:55pm Jun 27, 2018 7:55pm
Hello to all,

I stumbled across this thread by chance and was massively intrigued by the system. After reading the PDF (Numerous times in a row), looking through the generous trade examples, and tailoring a template that works for me visually, I think I've finally grasped the concept and am ready to start placing trades.

I've been trading for a couple of years now so am really surprised by the simplicity, also happy there's minimal subjectivity!

I'm curious if anyone else on this thread is UK based as I'm keen to find out how you get on during the London/US trading sessions?

Also, are there any particular pairs that seem to form noticeably well?

I look forward to hearing from people, also would love to give the 10 trade challenge a go
  • #13,062
  • Jun 28, 2018 1:42am Jun 28, 2018 1:42am
Quoting daviejwg8
Hello to all, I stumbled across this thread by chance and was massively intrigued by the system. After reading the PDF (Numerous times in a row), looking through the generous trade examples, and tailoring a template that works for me visually, I think I've finally grasped the concept and am ready to start placing trades. I've been trading for a couple of years now so am really surprised by the simplicity, also happy there's minimal subjectivity! I'm curious if anyone else on this thread is UK based as I'm keen to find out how you get on during the...
Welcome, DavieJ.

I'm based in the UK and I know a handful of others who drop by are also.

The way I trade now, I tend to take HOLO / 1-2-3 set-ups when I happen to come across them, I don't use only these methods and I don't go looking.

In the past, I posted up success rates for the pairs I used - but that was when I was running HOLO / 1-2-3 almost exclusively. The main thing to bear in mind is to use pairs that match the markets that are open at the time.
  • #13,063
  • Jun 28, 2018 3:11am Jun 28, 2018 3:11am
TooSlow - Can you please clarify?

Say, H1 bar at 9 am est, the lowest open occurred and market runs up without materializing a holo trade. We now have an area of interest ie low of the day and lowest open for a HOLO execution marked with horizontal lines to go long.

Now market sells off after the run up and the H1 bar at 3pm est, opens above the lowest open at 9am. However, we now get that M15 open in the area of interest without making a further low. So we now execute holo trade at the lowest open at 9am H1 bar.

In this case, the 3 pm H1 bar open which is above the lowest open is irrelevant. In other words, all the H1 bar opens after the 9 am lowest open is irrelevant strictly by HOLO concept as long as the M15 bar opens in the area of interest without a new low. Is that correct?

Thx, Sam
  • #13,064
  • Jun 28, 2018 3:41am Jun 28, 2018 3:41am
[quote=daviejwg8;11209618]Hello to all, I stumbled across this thread by chance and was massively intrigued by the system. After reading the PDF (Numerous times in a row), looking through the generous trade examples, and tailoring a template that works for me visually, I think I've finally grasped the concept and am ready to start placing trades. I've been trading for a couple of years now so am really surprised by the simplicity, also happy there's minimal subjectivity! I'm curious if anyone else on this thread is UK based as I'm keen to find out how you get on during the London/US trading sessions?.....

Hi daviejwg8,

I am based in the UK and have started to use HoLo as one of my main trading techniques. I find plenty of HoLo opportunities during the London/Europe/US sessions, although I tend to finish trading when the UK/Europe markets close. I tend to trade 4 pairs, so I don't see opportunities everyday - but most days something turns up. Patience is vital! I missed the start of the short on the EURUSD which started on the 26th - a nice HoLo entry - but like buses, there will be another one along soon! I have been using Renko for some time, and made the initial mistake of using a combination of H1 candles and 20 tick Renko - this didn't work for me! So I have scrapped Renko completely after mixed success in favour of H1 and M5 candles which work well for me. I also came across this thread by chance and it has transformed my thinking, along with supply and demand zones. I also like the HoLo technique because of its simplicity, and requires no indicators other than a couple of lines on the chart. So big thanks to Tooslow for kicking this thread off!

Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #13,065
  • Jun 28, 2018 4:45am Jun 28, 2018 4:45am
Quoting lemercenaire
{quote} Welcome, DavieJ. I'm based in the UK and I know a handful of others who drop by are also. The way I trade now, I tend to take HOLO / 1-2-3 set-ups when I happen to come across them, I don't use only these methods and I don't go looking. In the past, I posted up success rates for the pairs I used - but that was when I was running HOLO / 1-2-3 almost exclusively. The main thing to bear in mind is to use pairs that match the markets that are open at the time.
Thanks very much for the reply.

That's good to know there are a few others in the same time zone having success.

Do you happen to remember roughly when you posted that? Or remember a rough success rate for the system overall? I notice there have been some nice setups today!
  • #13,066
  • Jun 28, 2018 5:11am Jun 28, 2018 5:11am
So I took my first HOLO trade, stop loss has been trailed to +5 pips.

Something has dawned on me with this system that gets me pretty excited. I personally trade the 'Steve Mauro' Market Maker Method, I'm sure a lot of you will be familiar. The thing I noticed is that the HOLO system seems to catch the micro peak formations. Very interesting, I'll keep you all posted.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
  • #13,067
  • Jun 28, 2018 6:21am Jun 28, 2018 6:21am
Quoting sam_777
TooSlow - Can you please clarify? Say, H1 bar at 9 am est, the lowest open occurred and market runs up without materializing a holo trade. We now have an area of interest ie low of the day and lowest open for a HOLO execution marked with horizontal lines to go long. Now market sells off after the run up and the H1 bar at 3pm est, opens above the lowest open at 9am. However, we now get that M15 open in the area of interest without making a further low. So we now execute holo trade at the lowest open at 9am H1 bar. In this case, the 3 pm H1 bar open...
In other words, all the H1 bar opens after the 9 am lowest open is irrelevant strictly by HOLO concept

Yes.
  • #13,068
  • Jun 28, 2018 6:25am Jun 28, 2018 6:25am
Quoting daviejwg8
{quote} Thanks very much for the reply. That's good to know there are a few others in the same time zone having success. Do you happen to remember roughly when you posted that? Or remember a rough success rate for the system overall? I notice there have been some nice setups today!
Not off the top of my head, no, sorry. If I have a mo tonight, I may be able to track down the info in the trade journal I used for it at the time.
  • #13,069
  • Jun 28, 2018 11:00am Jun 28, 2018 11:00am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 58 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,070
  • Jun 28, 2018 11:01am Jun 28, 2018 11:01am
Quoting daviejwg8
So I took my first HOLO trade, stop loss has been trailed to +5 pips. Something has dawned on me with this system that gets me pretty excited. I personally trade the 'Steve Mauro' Market Maker Method, I'm sure a lot of you will be familiar. The thing I noticed is that the HOLO system seems to catch the micro peak formations. Very interesting, I'll keep you all posted. {image}
You are not using the tools provided. You have other things on your chart. How can you call this a HOLO TRADE?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,071
  • Jun 28, 2018 11:24am Jun 28, 2018 11:24am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 58 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,072
  • Jun 28, 2018 12:17pm Jun 28, 2018 12:17pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 58 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,073
  • Jun 28, 2018 1:16pm Jun 28, 2018 1:16pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 58 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,074
  • Edited 1:35pm Jun 28, 2018 1:24pm | Edited 1:35pm
Quoting TooSlow
{quote} You are not using the tools provided. You have other things on your chart. How can you call this a HOLO TRADE?
Thanks for the reply,

I used the exact rules (To the best of my knowledge) as outlined in the PDF as well as the images I have seen so far on previous pages. I applied the rules without any exceptions. I'm not sure what you mean? Can you elaborate how this wasn't a valid HOLO entry?

Also my chart is pretty empty compared to how it normally looks, I did that out of respect. The EMA's weren't used what so ever for the entry which is obvious, the only other things on the chart are the ADR levels (Always handy), a basic HOLO indicator to keep it simple, and the extreme high and low boxes. Is there something I'm missing here?

Many thanks
  • #13,075
  • Jun 28, 2018 1:45pm Jun 28, 2018 1:45pm
An evening catch on UC
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 75 KB
  • #13,076
  • Jun 28, 2018 3:47pm Jun 28, 2018 3:47pm
Quoting daviejwg8
An evening catch on UC {image}
This is something to look out for on UC. It will very often top-and-tail the UK day with a HOLO and / or 1-2-3 set-up, with a retrace then continuation in the middle.

So the mid-day UK, equates to the US Open and explains the wobble.
  • #13,077
  • Jun 29, 2018 4:37am Jun 29, 2018 4:37am
EU catch
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
  • #13,078
  • Jun 29, 2018 10:25am Jun 29, 2018 10:25am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 61 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,079
  • Jun 29, 2018 10:27am Jun 29, 2018 10:27am
Quoting daviejwg8
{quote} Thanks for the reply, I used the exact rules (To the best of my knowledge) as outlined in the PDF as well as the images I have seen so far on previous pages. I applied the rules without any exceptions. I'm not sure what you mean? Can you elaborate how this wasn't a valid HOLO entry? Also my chart is pretty empty compared to how it normally looks, I did that out of respect. The EMA's weren't used what so ever for the entry which is obvious, the only other things on the chart are the ADR levels (Always handy), a basic HOLO indicator to keep...
You have things on your chart that are not part of HOLO. You must learn the rules first, then master them, afterwards you make it your own. You are at step 1 not step 3.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,080
  • Jun 30, 2018 11:01am Jun 30, 2018 11:01am
Who is taking the 10 trade challenge the week of JULY 1, 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
19 traders viewing now