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Highest Open / Lowest Open Trade

  • #13,121
  • Jul 22, 2018 3:42pm Jul 22, 2018 3:42pm
Hi tooslow
I have a question,when we printed highest open or lowest open houre candle? Witch houre candle?1 houre candle in london session ?
Tnx
  • #13,122
  • Jul 22, 2018 4:45pm Jul 22, 2018 4:45pm
Quoting atbin
Hi tooslow I have a question,when we printed highest open or lowest open houre candle? Witch houre candle?1 houre candle in london session ? Tnx
You have everything explained here: http://www.forexfactory.com/showthre...58#post9007658
Anything above the line is an uptrend, below the line is a downtrend.
  • #13,123
  • Jul 22, 2018 9:13pm Jul 22, 2018 9:13pm
I will suggest if Too, Slow or anyone can do a video of this strategy it will go a long way to answer such of questions.
  • #13,124
  • Jul 22, 2018 9:31pm Jul 22, 2018 9:31pm
Quoting owokudi
I will suggest if Too, Slow or anyone can do a video of this strategy it will go a long way to answer such of questions.
YouTube has videos of HOLO by the creator of HOLO.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,125
  • Jul 22, 2018 9:32pm Jul 22, 2018 9:32pm
Who is taking the 10 trade challenge the week of JULY 22, 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
  • #13,126
  • Jul 22, 2018 9:34pm Jul 22, 2018 9:34pm
Would each of you traders please do me a small favor this week...

Please post a chart of a LOSING HOLO trade and say whether or not you followed the HOLO rules.

Thank you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,127
  • Jul 23, 2018 8:17am Jul 23, 2018 8:17am
Quoting MichaelG
Hi All, I wanted to try to help explain the entry process in a "visual" fashion that may (or may not) be of assistance to some traders. This is a series of charts looking at each step in the process of identifying possible setups, identifying actual valid setups, and activating the trade. There are notations on each chart....starting with the H1....and ending at the M15. I am specifically looking at a SELL trade in this example. The EXACT REVERSE will be true for a BUY trade. I trust this will be of assistance. Regards Michael {image} In the above...
http://www.forexfactory.com/showthre...58#post9007658

My question is why this candle for printed higher open , why not select pervious candle ?
  • #13,128
  • Edited 4:28pm Jul 23, 2018 3:47pm | Edited 4:28pm
so... I'm doing the 10 trade challenge. so far no loosing trades.
a little bit of context:
-I'm using the 30 min chart.
-I pretty much check the chart all the day (take like 2 mins every hour).
-the only hours I don't trade are: the last hour of the close NY and from 21:30 to 8:00 EST.
-all the trades use the open method described by the HoLo PDF (candle open in are of interest).
-its EUR/USD.
its pretty uncommon to get 3 trades in a day with this time frame, but today happen.
all trades got closed at +1 pip since the candle retrace to the BE+1 rule after the initial 5 pips.

I dint put much effort in the chart, so if u want me to break it up into the 2 trades, let me know.
the red arrows are the entry points, green lines are the high and low for the day, and purple lines are the High/Low Open.
Attached Image
  • #13,129
  • Jul 24, 2018 5:12pm Jul 24, 2018 5:12pm
only 1 trade today, unfortunately was a loosing one:
-it was on the early hours of the asian session, about the 3rd hour of opening.
-just 4 pips loss (spread + high).
-there was another instance of trade in the early London session, but i was sleeping and it was either +1 o -1 pip because the candles after it and the candle movement itself.
overall this is what I'm expecting, either 1 or no trades over a day.
haven't catch any big move yet.
I'm thinking of dropping the trades on the asian because of the pair I'm using.
the lines are at the Highs/Lows that were at the time i enter the trade.
Attached Image
  • #13,130
  • Jul 25, 2018 7:11am Jul 25, 2018 7:11am
AJ showing potential.
  • #13,131
  • Jul 25, 2018 7:42am Jul 25, 2018 7:42am
Quoting lemercenaire
AJ showing potential.
Off and running...
  • #13,132
  • Jul 25, 2018 7:47am Jul 25, 2018 7:47am
Quoting lemercenaire
{quote} Off and running...
I went in heavy with a double-dip entry...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM5inonHOLOdoubledip25thJuly18two.png Size: 28 KB


Now I'm out, as it's butting its head up against the micro Supply Zone on the m1...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM1buttingitsheadonthem1soimoutofthere25thJuly18.png Size: 27 KB


It may still go on but I'm bagging the cash and going home and before anyone asks, no, that's not in the ''rules'' but it's my own way of doing things. In heavy and out quick.
  • #13,133
  • Jul 25, 2018 7:58am Jul 25, 2018 7:58am
Quoting lemercenaire
{quote} I went in heavy with a double-dip entry... {image} Now I'm out, as it's butting its head up against the micro Supply Zone on the m1... {image} It may still go on but I'm bagging the cash and going home and before anyone asks, no, that's not in the ''rules'' but it's my own way of doing things. In heavy and out quick.
It did go on - hey ho - there ya go. Got it by HOLO rules as well. Sweet.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM5anditdidgoon-heyho-thereyago25thJuly18.png Size: 29 KB
  • #13,134
  • Jul 25, 2018 12:36pm Jul 25, 2018 12:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 66 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,135
  • Jul 25, 2018 3:15pm Jul 25, 2018 3:15pm
4 trades today, didn't expect that:
-1st trade was on the asian session again, with a little loss.
-2nd and 3rd trade happened on the same candle, one losing and 1 winning. the winning one catch a big movement.
-unfortunately was stopped just 5 pips on, but with a better management it could win 15+ maybe over 25 pips.
-the las trade was able to catch another big movement, but the big candles took me out sooner that i expect, still a winner.
-it could be over 20 pips win depending on the management too.
the blue arrow shows the candle that make the 2 entries
Attached Image
  • #13,136
  • Jul 25, 2018 3:25pm Jul 25, 2018 3:25pm
Quoting Patatatas
4 trades today, didn't expect that: -1st trade was on the asian session again, with a little loss. -2nd and 3rd trade happened on the same candle, one losing and 1 winning. the winning one catch a big movement. -unfortunately was stopped just 5 pips on, but with a better management it could win 15+ maybe over 25 pips. -the las trade was able to catch another big movement, but the big candles took me out sooner that i expect, still a winner. -it could be over 20 pips win depending on the management too. the blue arrow shows the candle that make the...
Well done. Keep on repping it and you'll begin to develop your preferred trade-management to maximise your profits.

Trade...rinse...repeat.
  • #13,137
  • Jul 25, 2018 3:26pm Jul 25, 2018 3:26pm
I've just had two set-ups trigger (on AJ and AU) as 1-2-3 trades. Worth while keeping an eye on them for later HOLO opportunities.
  • #13,138
  • Jul 26, 2018 11:40am Jul 26, 2018 11:40am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 63 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,139
  • Jul 26, 2018 1:18pm Jul 26, 2018 1:18pm
Might be a bit late in the day to be getting involved with Cable but there is a possible HOLO set-up lounging about doing nothing just now.
  • #13,140
  • Jul 26, 2018 1:47pm Jul 26, 2018 1:47pm
Quoting lemercenaire
Might be a bit late in the day to be getting involved with Cable but there is a possible HOLO set-up lounging about doing nothing just now.
Yep...it was a bit late in the day to get involved with Cable, lol.

Having said that, there was a clean entry and profit off the same level at around 17:30 or so uk time.

Timing is everything
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