Highest Open / Lowest Open Trade | Page 676 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

Highest & Lowest Open/Close Price for a Loop 3 replies

I need to highest and lowest SMA 14 replies

how to get yesterday price highest and lowest 7 replies

highest to lowest volume pairs??? 3 replies

Attachments: Highest Open / Lowest Open Trade
Exit Attachments

Highest Open / Lowest Open Trade

  • #13,501
  • Sep 12, 2018 2:48am Sep 12, 2018 2:48am
Quoting chuasai
{quote} Do you wait for m15 candle to close above the higher open/lower open then putting a sell stop/buy stop on the next candle at the higher open/lower open?
You're way overthinking this.

If a trade hasn't triggered (an m15 candle hasn't opened in the Area of Interest and price hasn't crossed our trigger line, the New H1 Highest / Lowest Open) and a new H1 Highest / Lowest Open forms, then that new Area of Interest takes over. The previous one is binned.

If a trade had triggered in the earlier Area of Interest, then you manage that till it's run its course.

Whether you would take a second entry, should one present itself while the first one is still open, is entirely up to you.
  • #13,502
  • Sep 12, 2018 11:27pm Sep 12, 2018 11:27pm
Quoting lemercenaire
{quote} You're way overthinking this. If a trade hasn't triggered (an m15 candle hasn't opened in the Area of Interest and price hasn't crossed our trigger line, the New H1 Highest / Lowest Open) and a new H1 Highest / Lowest Open forms, then that new Area of Interest takes over. The previous one is binned. If a trade had triggered in the earlier Area of Interest, then you manage that till it's run its course. Whether you would take a second entry, should one present itself while the first one is still open, is entirely up to you.

Thanks a lot. Is the breakeven stop loss the best for this strategy? The trades I took are either a straight loss or went to around 7 pips but dropping and hitting the BE+1. Is a 1:1 ratio a better stop loss?
  • #13,503
  • Sep 13, 2018 2:46am Sep 13, 2018 2:46am
I try this for several times now,

I think the most common, simple, as written in rule #0 : "Use common sense, avoid freight trains" is the most difficult to apply here. because obeying the rules, the price already has a higher high, and h1 open high, i wait the next hour [as per rules], and then the signal for entry came, it open at area of interest, and then i will open a trade, and voila, sometimes it works, and sometimes it makes a new higher high.

Do any of you have wisdom as the freight trains is ?

Thanks
May the odds be ever in your favor
  • #13,504
  • Sep 13, 2018 2:47am Sep 13, 2018 2:47am
Quoting HanHanid
I try this for several times now, I think the most common, simple, as written in rule #0 : "Use common sense, avoid freight trains" is the most difficult to apply here. because obeying the rules, the price already has a higher high, and h1 open high, i wait the next hour [as per rules], and then the signal for entry came, it open at area of interest, and then i will open a trade, and voila, sometimes it works, and sometimes it makes a new higher high. Do any of you have wisdom as the freight trains is ? Thanks
Just to be clear, it's my fault write it "open at area of interest", what i mean is I open at h1 open high, after the price open at area of interest.
May the odds be ever in your favor
  • #13,505
  • Sep 13, 2018 2:54am Sep 13, 2018 2:54am
Example now, it is 07:49 GMT, I open some pairs that includes JPY, for now the price seems to retrace back, but my question is, do you have anything to spot the freight trains ?

note : i did not use the template for trading, i use mt4 for signal, my broker is dukascopy, they don't have mt4 for now
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 85 KB
May the odds be ever in your favor
  • #13,506
  • Sep 13, 2018 2:54am Sep 13, 2018 2:54am
Quoting HanHanid
I try this for several times now, I think the most common, simple, as written in rule #0 : "Use common sense, avoid freight trains" is the most difficult to apply here. because obeying the rules, the price already has a higher high, and h1 open high, i wait the next hour [as per rules], and then the signal for entry came, it open at area of interest, and then i will open a trade, and voila, sometimes it works, and sometimes it makes a new higher high. Do any of you have wisdom as the freight trains is ? Thanks...
Check your surroundings. Is price above / below yesterday's H / L? How has price been acting earlier in the day? What is the colour and size of the H4 candle?

Also, consider the lower tf candles. Are they making new high-after-high-after-high / low-after-low-after-low. That way you can see how momentum is going.

This all comes from experience, I'm afraid. You just get to know when it feels like you're standing on the railway track.
  • #13,507
  • Sep 13, 2018 3:01am Sep 13, 2018 3:01am
Quoting HanHanid
Example now, it is 07:49 GMT, I open some pairs that includes JPY, for now the price seems to retrace back, but my question is, do you have anything to spot the freight trains ? note : i did not use the template for trading, i use mt4 for signal, my broker is dukascopy, they don't have mt4 for now {image}
First off. We don't need to see the actual trade. We don't need anyone to ''prove'' they took a trade or not.

I do the same, place my trades from all methods on one of my live brokers. I don't post those screens. They are generally ''naked''. Often there isn't even a chart there, I just go by the numbers. I chart off of many different brokers.

However, if you are using another (mt4) broker to chart from, then simply post those charts. Honestly, it makes it so much easier to tell what's going on and you'll get a better answer to any questions.
  • #13,508
  • Sep 13, 2018 3:30am Sep 13, 2018 3:30am
Quoting lemercenaire
{quote} First off. We don't need to see the actual trade. We don't need anyone to ''prove'' they took a trade or not. I do the same, place my trades from all methods on one of my live brokers. I don't post those screens. They are generally ''naked''. Often there isn't even a chart there, I just go by the numbers. I chart off of many different brokers. However, if you are using another (mt4) broker to chart from, then simply post those charts. Honestly, it makes it so much easier to tell what's going on and you'll get a better answer to any questions....

Noted. okay, i'll post the mt4, and indi from this thread.
Here goes.

and back to the question... do you take every trade that meet the criteria ?

Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy.PNG Size: 56 KB
Click to Enlarge Name: GBPJPY.PNG Size: 57 KB
May the odds be ever in your favor
  • #13,509
  • Sep 13, 2018 3:45am Sep 13, 2018 3:45am
Quoting HanHanid
{quote} Noted. okay, i'll post the mt4, and indi from this thread. Here goes. and back to the question... do you take every trade that meet the criteria ? Thanks {image} {image}
Short answer, no.

I use HOLO as part of a stable of methods and I will come to a set-up if-and-when I see it. I will generally be alert for 1-2-3 entries and from those, by extension, HOLO set-ups.

Of those, I use my experience (read ''gut'') and things like S+D, pivots and some other Alien Tech from my other methods to see if I will go in or not.

Having said that, when I first worked on HOLO, I did take pretty much everything I saw across the pairs I watched and it worked just fine.

I did very quickly switch to the trade management that I / we use on 1-2-3, in that we lock in +5 as soon as we get it. However, that's all been gone over ad nauseam over the life of the thread and is easy to find if you do your due diligence.
  • #13,510
  • Sep 13, 2018 4:09am Sep 13, 2018 4:09am
Quoting lemercenaire
{quote} Short answer, no. I use HOLO as part of a stable of methods and I will come to a set-up if-and-when I see it. I will generally be alert for 1-2-3 entries and from those, by extension, HOLO set-ups. Of those, I use my experience (read ''gut'') and things like S+D, pivots and some other Alien Tech from my other methods to see if I will go in or not. Having said that, when I first worked on HOLO, I did take pretty much everything I saw across the pairs I watched and it worked just fine. I did very quickly switch to the trade management that...
Yup, already done that. i think move to BE or BE+1, is waay better than losing 1 pips.
I think what you said confirms my thoughts too. But I already test for several times now, if i take each and every trade, so far I will be out with 0 or 1 pips.
And with that we have achieved our target in this expertise --> survive.
May the odds be ever in your favor
  • #13,511
  • Sep 13, 2018 4:19am Sep 13, 2018 4:19am
well said from lem again!
i could not say it better...
trading is like dancing, don't think and just listen to the music!
  • #13,512
  • Sep 18, 2018 1:54pm Sep 18, 2018 1:54pm
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
  • #13,513
  • Sep 18, 2018 1:55pm Sep 18, 2018 1:55pm
Who is taking the 10 trade challenge the week of SEPTEMBER 16, 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
  • #13,514
  • Sep 18, 2018 2:53pm Sep 18, 2018 2:53pm
Hello, I'm new here. So I understand the system so that I wait tomorrow in the m15 that the high is broken deeply
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt3.PNG Size: 40 KB
  • #13,515
  • Sep 21, 2018 10:46pm Sep 21, 2018 10:46pm
Who is taking the 10 trade challenge the week of SEPTEMBER 23, 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
  • #13,516
  • Sep 22, 2018 1:25pm Sep 22, 2018 1:25pm
Quoting TooSlow
Who is taking the 10 trade challenge the week of SEPTEMBER 23, 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!
Hi there

I will take the challenge and will share my results.

I wish success to everyone
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #13,517
  • Sep 22, 2018 1:34pm Sep 22, 2018 1:34pm
Quoting Kodzhamanov
{quote} Hi there I will take the challenge and will share my results. I wish success to everyone
Welcome to the thread and green pips to ya!
  • #13,518
  • Sep 25, 2018 11:02pm Sep 25, 2018 11:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 64 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,519
  • Sep 26, 2018 11:58am Sep 26, 2018 11:58am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 67 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,520
  • Sep 26, 2018 12:08pm Sep 26, 2018 12:08pm
Quoting Kodzhamanov
{quote} Hi there I will take the challenge and will share my results. I wish success to everyone
How have you been getting on?
33 traders viewing now