Highest Open / Lowest Open Trade

Quoting Newt

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{quote} Here is the different pictures from the timeframes 1h {image} 15 min {image} 5 min {image}

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Quoting lemercenaire

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As this computer was open and active (and tbh, nothing much else was happening, lol), I stuck to scanning for HOLO opportunities. It made a lot of sense to keep an eye on GU due to the weaker Dollar just now and sure enough, the chance came. Long at 27052. {image} {image} I won't be hanging onto this much longer. Reason being, the m15 shows this... {image}

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Quoting kevin1959

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{quote} Hi Lem If you don't mind me asking ? What are you looking at to want to pull out on the 15 min chart ? I bought at 1.2712, Its now 1.2718 at 13.18 uk time regards Kev

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Quoting lemercenaire

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{quote} I am looking at the Supply Zone just above price. Yellow arrows show where I'm looking... {image} As time has moved forward since then, you can now see why... {image} Yes, I know I could run by the rules and let it bounce up and down so long as it doesn't stop me out - and yes, it could blow on through that micro-Supply - but basically, these days, I'd rather go in heavy on optimised set-ups and bag as much as I can as quick as I can and then move onto something else more interesting than watching my profits blow about like straw in the...

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Quoting kevin1959

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Hi everyone Cable uk time 15.23 Price is getting near today's open high 2 choices sell in the area of interest using the 1 5 or 15 min bar ? Or sell as a 123 trade ? regards kev

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Quoting lemercenaire

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{quote} Not a 1-2-3 set-up Kev. There was a higher high set at 07:00 uk time. That still stands. Glad you got the HOLO entry.

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Quoting kevin1959

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{quote} Hi Lem Thanks for the reply I put a stop on the HOLO trade just above the high of the 16.00 hr bar of Thursday the 16th, so this trade is still intact. On the 123 trade I was looking at the candles from 15.45 as failed highs off the 7.00am candle, When you get time could you explain where i have gone wrong please. I will try and post a chart later regards kev

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Quoting kevin1959

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{quote} Hi Lem I think I have worked out where I have gone wrong with the 123 trade. Would Fridays 16.00 hour candle work out as a 123 ? This candle did not break a new high and dropped below the open. To be honest I do get confused with the HOLO thread and the 123 thread Regards Kev

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Quoting kevin1959

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{quote} Hi Lem I think I have worked out where I have gone wrong with the 123 trade. Would Fridays 16.00 hour candle work out as a 123 ? This candle did not break a new high and dropped below the open. To be honest I do get confused with the HOLO thread and the 123 thread Regards Kev

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Quoting kevin1959

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{quote} Hi Lem I think I have worked out where I have gone wrong with the 123 trade. Would Fridays 16.00 hour candle work out as a 123 ? This candle did not break a new high and dropped below the open. To be honest I do get confused with the HOLO thread and the 123 thread Regards Kev

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Quoting TooSlow

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{quote} Read the thread. A 1 2 3 can be a HOLO. A HOLO can be a 1 2 3. Learn one before attempting to learn the other.

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Quoting lemercenaire

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{quote} For a 1-2-3 set-up, all you need to remember is that the set-up bar must have made a new high for the day. Until that high is topped by another, it stays as the only 1-2-3 set-up. As for the specific 16:00 candle being a valid set-up, no it wouldn't, as the 07:00 candle is the High of the day. (For now, ignore the last three candles on the right - we'll get to them in a bit. For now, they don't exist). Set-up on candle #1, entry on candle #2. {image} There is then a selection of Long entries on the way up from the Lows as they formed......

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