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Highest Open / Lowest Open Trade

  • #13,141
  • Jul 27, 2018 10:51am Jul 27, 2018 10:51am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,142
  • Jul 27, 2018 12:46pm Jul 27, 2018 12:46pm
yesterday a few trades happened during the asia session so i missed out.
today there was a big movement that could been catch to any1 trading during the London Open, at 8:30 (GMT +1) a candle open in the zone, then a big movement (about 30 pips) for the juicy wins.
the only trade for me today was pretty small, just +1 pip. happened after the correction to the big movement in London.
so far 9 out 10 trades for finishing the challenge, 6 wins vs 3 lose.
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  • #13,143
  • Jul 30, 2018 8:31am Jul 30, 2018 8:31am
TooSlow,

Just wondering. I understand HOLO is based of H1 candle. Is there a reason? I was thinking why not HOLO of 30 min candles? Your opinion will be appreciated.

Thx, Sam
  • #13,144
  • Jul 30, 2018 8:46am Jul 30, 2018 8:46am
Quoting sam_777
TooSlow, Just wondering. I understand HOLO is based of H1 candle. Is there a reason? I was thinking why not HOLO of 30 min candles? Your opinion will be appreciated. Thx, Sam
It is what it is.

Once you have mastered the method, then you can do what you like with it. HOLO can be run on H1, H4, Daily, Weekly, Monthly and yes, even m30 time-frames.

I have used this analogy before - but it still holds true. The great impressionists, abstract expressionists and other non-figurative painters may look like they couldn't paint a house that looked like a house, if you put a gun to their head. However I can guarantee that every single one of them could produce a realist portrait of the finest quality. They learned their art inside out and upside down before they went out and developed their own way of expressing their vision.

Trading is the same.
  • #13,145
  • Jul 30, 2018 9:38am Jul 30, 2018 9:38am
I trade e-minis and I find that the stops can be quite wide and figuring out narrower stops from the open. Any suggestions other than the size?
  • #13,146
  • Jul 30, 2018 10:30am Jul 30, 2018 10:30am
Quoting sam_777
I trade e-minis and I find that the stops can be quite wide and figuring out narrower stops from the open. Any suggestions other than the size?
Not something I trade, I'm afraid. I do know of those who do and are based in the US, so I can ask around if no-one else here can help right now.
  • #13,147
  • Jul 30, 2018 11:18am Jul 30, 2018 11:18am
Thanks and I will look forward to it. Sam
  • #13,148
  • Jul 30, 2018 9:50pm Jul 30, 2018 9:50pm
almost forgot to post my last challenge trade.
happened at the end of the big movement today:
-was a lose
-the movement started at the London session but the only way to catch it was if the 1 min time frame were used. (I'm not sure if the 5 min could got it)
-so over all a 60% winner.
-unfortunately i wasn't able to catch any big movement with the system.
-these last days i wasn't using the Asia session. looks like no big movement happened there anyways.
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  • #13,149
  • Jul 31, 2018 12:22am Jul 31, 2018 12:22am
Who is taking the 10 trade challenge the week of JULY 29, 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
  • #13,150
  • Jul 31, 2018 12:22am Jul 31, 2018 12:22am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,151
  • Jul 31, 2018 2:12am Jul 31, 2018 2:12am
Quoting Patatatas
almost forgot to post my last challenge trade. happened at the end of the big movement today: -was a lose -the movement started at the London session but the only way to catch it was if the 1 min time frame were used. (I'm not sure if the 5 min could got it) -so over all a 60% winner. -unfortunately i wasn't able to catch any big movement with the system. -these last days i wasn't using the Asia session. looks like no big movement happened there anyways. {image}
You should be careful of entering too far away from a strong single-candle move like that.

If the next candle retraces back to around the 50% mark of that candle, you will more often than not then see price return in the original direction.

If you see this happen (especially over a single candle), then it is a good idea to treat any entry with extreme caution, as price is likely to continue in the direction taken by the Long Range Candle.

These moves are sucker moves, designed to trap the unwary and are a trading method all of their own.

Overall however, well done. You didn't have the best of trading conditions to work with and stuck it out. Something to build on.
  • #13,152
  • Jul 31, 2018 8:53am Jul 31, 2018 8:53am
Great to see this thread still going, and the method has remained the same since page 1 !
Question, how many people here are actually winning with this? Wondering what the strike rate is also?
  • #13,153
  • Jul 31, 2018 9:57am Jul 31, 2018 9:57am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,154
  • Jul 31, 2018 9:59am Jul 31, 2018 9:59am
Quoting andys0506
Great to see this thread still going, and the method has remained the same since page 1 ! Question, how many people here are actually winning with this? Wondering what the strike rate is also?
Take the Challenge and discover your strike rate. What others do does not matter.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,155
  • Aug 1, 2018 4:16pm Aug 1, 2018 4:16pm
Quoting lemercenaire
{quote} You should be careful of entering too far away from a strong single-candle move like that. If the next candle retraces back to around the 50% mark of that candle, you will more often than not then see price return in the original direction. If you see this happen (especially over a single candle), then it is a good idea to treat any entry with extreme caution, as price is likely to continue in the direction taken by the Long Range Candle. These moves are sucker moves, designed to trap the unwary and are a trading method all of their own....
thanks for the feedback, going to take that in mind.
I'm going to add GBPUSD now and see how i perform the next week.
thinking to change to the 1 hour TF, going to give it a test these last 2 days and see how it goes.
right now I'm re-reading the whole thread and then maybe gonna give a look to 123 method since has been mentioned a few times here.
Good luck for the rest of the week
  • #13,156
  • Aug 2, 2018 3:47pm Aug 2, 2018 3:47pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,157
  • Aug 2, 2018 3:56pm Aug 2, 2018 3:56pm
Quoting TooSlow
{image}
Lol, ya beat me to it, TS!

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There was also a beaut on the way up, earlier in the day. I didn't get that one, so just for the record here...

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  • #13,158
  • Aug 2, 2018 4:05pm Aug 2, 2018 4:05pm
Quoting lemercenaire
{quote} Lol, ya beat me to it, TS! {image} {image} There was also a beaut on the way up, earlier in the day. I didn't get that one, so just for the record here... {image}
You let someone named TooSlow beat you?!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,159
  • Aug 2, 2018 4:10pm Aug 2, 2018 4:10pm
Quoting TooSlow
{quote} You let someone named TooSlow beat you?!
Age before beauty
  • #13,160
  • Aug 2, 2018 9:30pm Aug 2, 2018 9:30pm
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When price stops going up, price starts going...
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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