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Highest Open / Lowest Open Trade

  • #13,081
  • Jun 30, 2018 9:07am Jun 30, 2018 9:07am
Quoting TooSlow
{quote} 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.
With all due respect, I'm not quite sure how the things on my chart have invalidated the trades posted. They were taken as per the rules, and you haven't critiqued the entries themselves so I'm assuming you agree on that front (If not any constructive criticism is welcomed). I've been trading for long enough to not get distracted by a few lines on the chart, and also in the interest on self preservation I wouldn't go without the ADR markers, they act as a safety valve for me personally.
  • #13,082
  • Jul 1, 2018 3:33pm Jul 1, 2018 3:33pm
Quoting daviejwg8
{quote} With all due respect, I'm not quite sure how the things on my chart have invalidated the trades posted. They were taken as per the rules, and you haven't critiqued the entries themselves so I'm assuming you agree on that front (If not any constructive criticism is welcomed). I've been trading for long enough to not get distracted by a few lines on the chart, and also in the interest on self preservation I wouldn't go without the ADR markers, they[/highlight]...
Do you think you will learn to ride a bike by always using training wheels?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,083
  • Jul 2, 2018 2:41am Jul 2, 2018 2:41am
Quoting TooSlow
{quote} Do you think you will learn to ride a bike by always using training wheels?
Cute analogy, albeit completely irrelevant. As a full time day trader using the ADR as a point of reference has rewarded me generously over the years, the markets have a habit of repeating themselves around those areas when you know what you're looking for.

I can turn that statement around and say the same with regards to your 5 pip trailing stop; if you understood market manipulation, trap moves and peak formations you wouldn't feel the need to suffocate your positions for the sake of 1 pip. With that being said though, I'm not here to correct or critique your trade management as I understand everyone has their own style that works for them.

Your inability to acknowledge the fact that I've grasped the concept and can apply it successfully is rather strange, I'm not here to step on toes, just found it an interesting thread and the concept resonated with me due to its simplicity and practicality when used in conjunction with my current trading method. I'm humble enough to admit there's always room for improvement and you can always learn something new from someone as I have from this thread. Your fixation on my chart however, I don't know whether it's down to a form of OCD, perhaps just a 'my way or the highway mentality'.. But come on, let's put the trivial nonsense aside, ultimately we're all here to make money from the markets, and there are many different ways to do so.

On another note I had another two successful HOLO trades this morning with EU/EJ, 35 pips secured between the 2.

Wishing everyone a profitable week ahead.
  • #13,084
  • Edited 8:50am Jul 2, 2018 7:16am | Edited 8:50am
Quoting daviejwg8
ultimately we're all here to make money from the markets, and there are many different ways to do so. On another note I had another two successful HOLO trades this morning with EU/EJ, 35 pips secured between the 2. Wishing everyone a profitable week ahead.
May I suggest you read the thread, starting with POST #1. Afterwards, you may have gained an understanding as to why I respond to you in this way.

I concede there are many ways to make money from the markets. Sometimes the best way to learn something new is to leave the old at the entrance of the classroom.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,085
  • Jul 2, 2018 8:45am Jul 2, 2018 8:45am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,086
  • Jul 4, 2018 5:26pm Jul 4, 2018 5:26pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,087
  • Jul 4, 2018 5:47pm Jul 4, 2018 5:47pm
Quoting TooSlow
{image}
Well done!
  • #13,088
  • Jul 6, 2018 9:11am Jul 6, 2018 9:11am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,089
  • Jul 8, 2018 10:00am Jul 8, 2018 10:00am
Good afternoon Congratulations on the SLOW technique, impacting the results. I'm from Brazil here we use MT5 a lot, it would be possible for someone to make the SM HILO OPEN LINES indicator in MQ5. I really liked the technique I believe would work very well in our market where we do not have SPREAD
  • #13,090
  • Jul 8, 2018 5:10pm Jul 8, 2018 5:10pm
Correct?
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  • #13,091
  • Jul 9, 2018 10:34am Jul 9, 2018 10:34am
Who is taking the 10 trade challenge the week of JULY 8, 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!


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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,092
  • Edited Jul 10, 2018 1:20am Jul 9, 2018 11:01am | Edited Jul 10, 2018 1:20am
Quoting TooSlow
Who is taking the 10 trade challenge the week of JULY 8, 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! {image}
I just have some questions about the template I marked it in yellow color.
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1. The D1 price difference between you and me is because of the broker difference I guess?
3. On all pairs that I open it I have NZDJPY H1 marked? It doesn't bother me that much I'm just asking.
Anything above the line is an uptrend, below the line is a downtrend.
  • #13,093
  • Jul 10, 2018 9:41am Jul 10, 2018 9:41am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,094
  • Jul 10, 2018 9:43am Jul 10, 2018 9:43am
Quoting Degolep
{quote} I just have some questions about the template I marked it in yellow color. {image} 1. The D1 price difference between you and me is because of the broker difference I guess? 3. On all pairs that I open it I have NZDJPY H1 marked? It doesn't bother me that much I'm just asking.
Broker difference causes price difference. You do not have the indicator downloaded/installed that shows the pair name.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,095
  • Jul 11, 2018 3:11am Jul 11, 2018 3:11am
A lot of breakouts today...
Anything above the line is an uptrend, below the line is a downtrend.
  • #13,096
  • Jul 11, 2018 8:58am Jul 11, 2018 8:58am
to give inspiration a HOLO-trade from today:
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trading is like dancing, don't think and just listen to the music!
  • #13,097
  • Jul 14, 2018 1:17am Jul 14, 2018 1:17am
Gentlemen, would you please look at my DAX-H1 chart for yesterday Friday 13th July at our opening time which is 09h00 chart time and kindly comment on #1 and #2 entries:
#1. had no M5/M15 open in the Blue-block (area of interest) and although that marked candle had a Higher Open, did therefore NOT qualify for a short or has it?

#2. had only an M5 open in area of interest and therefore took the trade.

Would appreciate your comments please.

Pleasant weekend.
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Hercs
  • #13,098
  • Jul 14, 2018 9:56am Jul 14, 2018 9:56am
Hello there,

I would like you to confirm if i understand well how to trade.

I open my chart and draw yesterday high/low, draw today high/low, draw highest H1 open, draw lowest H1 open.

Now i wait for a bar to open between highest H1 open and today high or a bar to open between lowest H1 open and today low.

Now lets imagine short trade to be simple.

A H1 candle open inside highest H1 open and today high :

(1) - I go to a lower timeframe (15min?)
(2) - I wait for the 15min bar to close below highest H1 open
(3) - If the 15min bar closes below highest H1 open i can go short


The three points above are the way to go?

Thanks for clarifications.
  • #13,099
  • Jul 14, 2018 10:06am Jul 14, 2018 10:06am
You wait For a 15min bar to close between the highest Open and todays high.If then the Price goes through the Open you go Short at the Open. Dont wait For the bar to close

Quoting neosqualls
Hello there, I would like you to confirm if i understand well how to trade. I open my chart and draw yesterday high/low, draw today high/low, draw highest H1 open, draw lowest H1 open. Now i wait for a bar to open between highest H1 open and today high or a bar to open between lowest H1 open and today low. Now lets imagine short trade to be simple. A H1 candle open inside highest H1 open and today high : (1) - I go to a lower timeframe (15min?) (2) - I wait for the 15min bar to close below highest H1 open (3) - If the 15min bar closes below highest...
  • #13,100
  • Jul 14, 2018 4:37pm Jul 14, 2018 4:37pm
Quoting Hercs
Gentlemen, would you please look at my DAX-H1 chart for yesterday Friday 13th July at our opening time which is 09h00 chart time and kindly comment on #1 and #2 entries: #1. had no M5/M15 open in the Blue-block (area of interest) and although that marked candle had a Higher Open, did therefore NOT qualify for a short or has it? #2. had only an M5 open in area of interest and therefore took the trade. Would appreciate your comments please. Pleasant weekend. {image}
Lemercenaire, I think, has mentioned that the indices will often "wick in and out" of the area of interest. Though I have only watched the US30 enough to see it happen for myself. Something in the way they move vs. currencies. I think that an entry then would be bending the rules and at your discretion.
Wow! I've got some experience to gain.
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TooSlow