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Highest Open / Lowest Open Trade

  • #13,441
  • Aug 27, 2018 4:05am Aug 27, 2018 4:05am
I understand the strategy.

I'm just interested if anybody is entering on M5 and how is he doing? Because I have been strictly following the rules and entering on M15.
Anything above the line is an uptrend, below the line is a downtrend.
  • #13,442
  • Aug 27, 2018 4:26am Aug 27, 2018 4:26am
Quoting Degolep
I understand the strategy. I'm just interested if anybody is entering on M5 and how is he doing? Because I have been strictly following the rules and entering on M15.
Hi Degolep
My understanding is that you can enter on the five min, and the one min as well as the fifteen min
Regards
Kev
  • #13,443
  • Aug 27, 2018 7:27am Aug 27, 2018 7:27am
Quoting Degolep
I understand the strategy. I'm just interested if anybody is entering on M5 and how is he doing? Because I have been strictly following the rules and entering on M15.
I enter on the m5 chart. On the indices, the m1 or a line-chart.
  • #13,444
  • Aug 27, 2018 8:42am Aug 27, 2018 8:42am
Quoting lemercenaire
{quote} I enter on the m5 chart. On the indices, the m1 or a line-chart.
Well you are the master so I don't have to ask that it works good for you right?
Anything above the line is an uptrend, below the line is a downtrend.
  • #13,445
  • Aug 27, 2018 9:19am Aug 27, 2018 9:19am
Quoting Degolep
{quote} Well you are the master so I don't have to ask that it works good for you right?
You've actually got me thinking. Yes, I do run on the m5 etc and yes, it is successful, however, there are a couple of factors that will no doubt play a part in that.

One is that by running the m5 / m1, I do get more chances to enter. This is important to me, as I do not use HOLO as a stand alone method but as part of a stable, as I have mentioned before.

Because of this, I will often miss the first entry of any given set-up. If I was using the m15, often that would be that, I'd have to wait for another go around. However, working the lower time-frame(s) and especially a line-chart, I will usually have another opportunity to enter.

I also will have no hesitation on taking a scratch trade, banking flat or +1 no matter what the rules have said about going to +5 etc. I will then simply re-enter if price does indeed go on in our favour.

Yes, I pay an increased cost in that but that's bearable over the long term. I am, at heart, a scalper, so this is my way of doing things every day on my other methods, I don't have a problem with it. I cover it by stacking into a move as it goes in my favour.

Often I will enter a HOLO as a continuation to a 1-2-3 that has retraced, so that adds another dimension.

Once you master the entry, you have to make the method your own.
  • #13,446
  • Aug 27, 2018 11:34am Aug 27, 2018 11:34am
Quoting lemercenaire
{quote} You've actually got me thinking. Yes, I do run on the m5 etc and yes, it is successful, however, there are a couple of factors that will no doubt play a part in that. One is that by running the m5 / m1, I do get more chances to enter. This is important to me, as I do not use HOLO as a stand alone method but as part of a stable, as I have mentioned before. Because of this, I will often miss the first entry of any given set-up. If I was using the m15, often that would be that, I'd have to wait for another go around. However, working the lower...
Great to hear.

Can you share which pairs you trade the most? And have most success with?
Anything above the line is an uptrend, below the line is a downtrend.
  • #13,447
  • Aug 27, 2018 11:47am Aug 27, 2018 11:47am
Quoting Degolep
{quote} Great to hear. Can you share which pairs you trade the most? And have most success with?
I will have a scan across the screens later and see what ones I have set for HOLO just now. Bear with me.
  • #13,448
  • Aug 27, 2018 12:39pm Aug 27, 2018 12:39pm
Please keep things simple. Follow the simple rules. Worrying about M15 vs. M5 is not necessary. The entry line is the same no matter the chart time period.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,449
  • Aug 27, 2018 2:36pm Aug 27, 2018 2:36pm
Quoting TooSlow
Please keep things simple. Follow the simple rules. Worrying about M15 vs. M5 is not necessary. The entry line is the same no matter the chart time period.
Thats interesting
regards
Kev
  • #13,450
  • Aug 27, 2018 3:12pm Aug 27, 2018 3:12pm
Quoting Degolep
{quote} Great to hear. Can you share which pairs you trade the most? And have most success with?
Just for the record, these are the pairs I have HOLO set up on just now (in no particular order):

DAX, EU, GU, UC, GJ, CJ, AU, S&P, UJ, EJ, AJ, NU, EA, AC, UDkk, GN, UMxn, UNok, Crude, $-Index, Gold and EG.

In reality, this means nothing, simply that at one time recently, I have been scanning charts in a quiet period and noticed that there was a shape that looked promising, so dropped HOLO onto it. I am afraid that I don't keep detailed track of what individual methods brought in what returns. I am not that motivated. So long as I end the day greened up, I don't really care.

If something was to hit a losing run, I'd be aware soon enough.

As far as I remember, I found that the list TS posted a while ago matched my own experience, so that would be UJ, EJ and UC.

When they range, GU and EU work well - but then again, that could be said about any of them.
  • #13,451
  • Aug 28, 2018 3:30am Aug 28, 2018 3:30am
Morning everyone.
GBP/Jpy
Sell stop at 143.34.
Took profit at 143.24
Regards
Kev
  • #13,452
  • Aug 28, 2018 6:59am Aug 28, 2018 6:59am
Attached Image (click to enlarge)
Click to Enlarge Name: holo 82818 eu.png Size: 19 KB

Here's an EU long I got in earlier today, nice little run.
  • #13,453
  • Aug 28, 2018 7:21am Aug 28, 2018 7:21am
Quoting hal7
{image} Here's an EU long I got in earlier today, nice little run.
Are you allowed over here?
  • #13,454
  • Aug 28, 2018 6:44pm Aug 28, 2018 6:44pm
Quoting lemercenaire
{quote} Are you allowed over here?
Of course, Lem. Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,455
  • Aug 28, 2018 7:24pm Aug 28, 2018 7:24pm
Quoting TooSlow
{quote} Of course, Lem. Cheers, Mate!
I thought he was only allowed out of 1-2-3 for holidays and special occasions!
  • #13,456
  • Aug 28, 2018 11:15pm Aug 28, 2018 11:15pm
Morning all
5.07 AM UK time
GBP/JPY
G/J has bounced off the hourly trend line
If price drops to the area of interest made at 12.00 AM UK Time, I will buy
Regards
Kev
  • #13,457
  • Aug 29, 2018 12:28am Aug 29, 2018 12:28am
GBP / JPY
Now in the area of interest
Uk time 6.27am
Regards
Kev
  • #13,458
  • Aug 29, 2018 12:33am Aug 29, 2018 12:33am
Buy stop at 143..05
  • #13,459
  • Aug 29, 2018 2:20am Aug 29, 2018 2:20am
Quoting lemercenaire
{quote} I thought he was only allowed out of 1-2-3 for holidays and special occasions!
The door was ajar Lem, sometimes it gets lonely over there
  • #13,460
  • Aug 29, 2018 3:18am Aug 29, 2018 3:18am
I cancelled my buy stop when GBP / JPY made a new low, and took price below yesterday's low range.
There was another opertunity off the 6.00 AM bar, but I wasn't around to take it
Regards
Kev
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