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Highest Open / Lowest Open Trade

  • #13,101
  • Jul 16, 2018 9:12am Jul 16, 2018 9:12am
Quoting Lawnman
{quote} 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.
Thanks Lawnman; I must have missed that information, but I wish he would reply to confirm.
Hercs
  • #13,102
  • Jul 16, 2018 10:48am Jul 16, 2018 10:48am
Who is taking the 10 trade challenge the week of JULY 15, 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
  • #13,103
  • Jul 17, 2018 12:52pm Jul 17, 2018 12:52pm
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
  • #13,104
  • Jul 18, 2018 7:42am Jul 18, 2018 7:42am
Quoting TooSlow
{image}
Hi TooSlow,

I'm new here and trying to learn your "Highest Open/Lowest Open Trade.
I hope, you would answer my attached question.

Thx a lot
Attached Image

Attached Image
  • #13,105
  • Jul 18, 2018 5:00pm Jul 18, 2018 5:00pm
Quoting Hercs
{quote} Thanks Lawnman; I must have missed that information, but I wish he would reply to confirm.
Hi Hercs. Sorry, I have been away on holiday and back yesterday, so only just catching up. I am actually just about to close down here and will go back and check your question in detail tomorrow.

However, going by Lawnman's answer above, I think I am getting the gist of it by saying that you are asking if you treat indices differently for entry due to the way they behave.

Short answer is yes. I have many, many, years trading these markets and in a previous lifetime, we traded them using line-charts. In this way, we enter as price crosses into and out of the Areas of Interest.

This is easier to work with using the 1-2-3 method than HOLO (the individual ind. markets will behave differently themselves also) but in general, if you want to run HOLO on those markets, I would not use anything lower than the m15 chart if you are using candles.

I would also say that until you have gained a little more experience both with the indices and with HOLO itself, there are more than enough opportunities available using the currency pairs to keep you going. all without having to expose yourself to the madness of The Weird Bunch.

Oh and thanks for stepping in, Lawnman. Appreciated.
  • #13,106
  • Jul 19, 2018 4:06am Jul 19, 2018 4:06am
Quoting lemercenaire
{quote} Hi Hercs. Sorry, I have been away on holiday and back yesterday, so only just catching up. I am actually just about to close down here and will go back and check your question in detail tomorrow. However, going by Lawnman's answer above, I think I am getting the gist of it by saying that you are asking if you treat indices differently for entry due to the way they behave. Short answer is yes. I have many, many, years trading these markets and in a previous lifetime, we traded them using line-charts. In this way, we enter as price crosses...
Hi Lemercenaire,
Trust you had a great time and wishing you continued success.
Thank you for your reply - you have no idea how much it means to me.
I like the idea of the Line-chart very much especially seeing that we use the OPEN of the hourly chart. Is there a Thread where I can pick up some information?
I stay with H1 and M-15, but still "struggle" a little with using M-15 after I switched from H1, but I am getting there.
Best regards,
Hercs
  • #13,107
  • Jul 19, 2018 7:23am Jul 19, 2018 7:23am
Good sell trade right?
Attached Image (click to enlarge)
Click to Enlarge Name: cad.png Size: 56 KB
Anything above the line is an uptrend, below the line is a downtrend.
  • #13,108
  • Jul 19, 2018 1:26pm Jul 19, 2018 1:26pm
Quoting Hercs
{quote} Hi Lemercenaire, Trust you had a great time and wishing you continued success. Thank you for your reply - you have no idea how much it means to me. I like the idea of the Line-chart very much especially seeing that we use the OPEN of the hourly chart. Is there a Thread where I can pick up some information? I stay with H1 and M-15, but still "struggle" a little with using M-15 after I switched from H1, but I am getting there. Best regards,
No worries. Did the last post answer everything you originally asked about?

I don't know of any thread that deals specifically with using a line chart, sorry. I would say just spend a month watching how it behaves compared to a candle chart (having the same pair/tf running side-by-side, one line, one candle is useful for this).

What is it you are struggling with regarding using the m15 chart? Something specific?
  • #13,109
  • Jul 19, 2018 1:29pm Jul 19, 2018 1:29pm
Quoting Degolep
Good sell trade right? {image}
Sorry, that was little confusing as you have the chart tagged as the H1 when it is actually the m15.

If it is the m15, then the entry looks good.
  • #13,110
  • Jul 19, 2018 1:31pm Jul 19, 2018 1:31pm
Hercs - Or you could just put a 1 ema on your candle chart.
  • #13,111
  • Jul 19, 2018 1:35pm Jul 19, 2018 1:35pm
Quoting handy148
Hercs - Or you could just put a 1 ema on your candle chart.
Lol, nice lateral thinking .

Try both ways, see which is easiest to see what's going on.
  • #13,112
  • Jul 19, 2018 2:50pm Jul 19, 2018 2:50pm
Quoting lemercenaire
{quote} Sorry, that was little confusing as you have the chart tagged as the H1 when it is actually the m15. If it is the m15, then the entry looks good.
Yes it's m15, I'm missing some indicator that should show the correct pair on the bottom left, it always says NZD/JPY H1.
Anything above the line is an uptrend, below the line is a downtrend.
  • #13,113
  • Jul 19, 2018 3:05pm Jul 19, 2018 3:05pm
Quoting Degolep
{quote} Yes it's m15, I'm missing some indicator that should show the correct pair on the bottom left, it always says NZD/JPY H1.
You need the Watermark indicator available direct from the author.
  • #13,114
  • Jul 20, 2018 5:22am Jul 20, 2018 5:22am
Quoting lemercenaire
{quote} No worries. Did the last post answer everything you originally asked about? I don't know of any thread that deals specifically with using a line chart, sorry. I would say just spend a month watching how it behaves compared to a candle chart (having the same pair/tf running side-by-side, one line, one candle is useful for this). What is it you are struggling with regarding using the m15 chart? Something specific?
Hi there Lemercenaire,
Thank you for responding to my post. I really appreciate you very much.
M15 sometimes can be very "cluttered", but I have managed to get rid of the clutter by focussing on the opening of the M15 candle in relation to the H1-close (or Open of course), but I am getting there slowly.
I will rather for now stay focussed on the candles and keep the Line-chart running next to it to get the feel for it.
Blessings.
Hercs
  • #13,115
  • Jul 20, 2018 6:01am Jul 20, 2018 6:01am
Quoting lemercenaire
{quote} You need the Watermark indicator available direct from the author.
What is the name of the indicator? I looked at all attachments and can't find it.
Anything above the line is an uptrend, below the line is a downtrend.
  • #13,116
  • Jul 20, 2018 8:02am Jul 20, 2018 8:02am
Quoting Degolep
{quote} What is the name of the indicator? I looked at all attachments and can't find it.
I think this is the one
Attached File(s)
File Type: mq4 smHiLoOpen Lines_v1.2.mq4   40 KB | 1,863 downloads
  • #13,117
  • Jul 20, 2018 8:38am Jul 20, 2018 8:38am
Quoting Degolep
{quote} What is the name of the indicator? I looked at all attachments and can't find it.
It is not in the attachments. It comes from the ADVANCED ALIEN CIVILIZATION.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,118
  • Jul 20, 2018 9:02am Jul 20, 2018 9:02am
Quoting TooSlow
{quote} It is not in the attachments. It comes from the ADVANCED ALIEN CIVILIZATION.
when back and read the post, that's why I did not post that one.
  • #13,119
  • Jul 21, 2018 12:25pm Jul 21, 2018 12:25pm
I cannot understand this method can u give me any video lecture about it please
  • #13,120
  • Edited 8:33am Jul 22, 2018 7:29am | Edited 8:33am
Quoting abbasmaloka0
I cannot understand this method can u give me any video lecture about it please
Read all the pages and you will understand. You have templates and all the indicators you need. It's so simple.

You have everything explained here: http://www.forexfactory.com/showthre...58#post9007658

If you dont understand this, than it is not for you.
Anything above the line is an uptrend, below the line is a downtrend.
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