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Highest Open / Lowest Open Trade

  • #14,101
  • May 19, 2019 2:16pm May 19, 2019 2:16pm
Quoting T4Trade
Please can someone guide me ,is there any valid setup? ,if there is ,on which 15 min candle A,B or C? and why.IMHO none of these 15min candle's body is open in area of interest,we can see the wicks of candles are opened in the area of interest.Thanks! {image}
@T4T
About this thread best document is Michael G pdf.
About 123 method there is not tutorial document and someone just needs to read through the thread and try to understand what he can.
I don't trades these methods but can understand your frustration.
My suggestion is to keep a low profile and don't take it personally.
Cheers
  • #14,102
  • May 19, 2019 4:26pm May 19, 2019 4:26pm
Quoting T4Trade
Post 1 doesn't have any template and any indicators,even the whole page doesn't have any indicators and templates,1st page has 20 posts,not even a single post carry any indicators or templates, i think you need to go and read that post properly,your post confused me in the first place ,then only I studied Michael G chart explanations and learnt from it, then finally Lem suggested me to begin searching the setup on 1H chart and when you find setup,go to 15 min chart for an entry. i think you are running 2 threads and mixing the strategy or something,i...
T4Trade:
If you have already read MichealGs Holo.pdf (which is posted on pg1), then you should know by now what to look for.
He did a great job.. he clearly explains with text and images what to look for. So its kinda surprising that you are still asking the simple questions .

In reality you do not need ANY kinda of indicators to use this approach. All you need to is to draw horizontal lines and your eyes.

So lets take it step by step. Dont worry about any indicators or anything else. Dont EVEN TRADE LOL. Just do this first step... do this over and over for the next 2 weeks. By then you should be ready for the next step... or perhaps better it will CLICK! LOL.

This is your assignment for the next two weeks.. DO NOTHING ELSE BUT THIS>>> WAX ON. WAX OFF LOL OLL
But seriously:

- OPEN a H1 chart for USDJPY.

- At the open of each hour of the day or as often as you SEE the chart. Draw the following horizontal lines.

-Look at each of the opens of the H1 candles.

-Look for the HIGHEST H1 open of the day and draw a horizontal line at the open price of that candle
-Look for the LOWEST H1 open of the day and draw a horizontal line at the open price of that candle

- Keep moving the horizontal line as you see newer HIGHER H1 opens
- Keep moving the horizontal line as you see newer LOWER H1 opens

So you will end up with an open USDJPY H1 chart that will show TWO horizontal lines and as the day progresses the lines will MOVE farther apart.

That is all you will do for the next 2 weeks. When the two weeks are up... let us know and we'lll show you the next simple step... Identifying the high and low of the day...

Sometimes it takes hard/simple baby steps to get an idea across.. WAX ON, WAX OFF LOL
Our AWESOME IMAGINATION is the true holy grail!
  • #14,103
  • May 19, 2019 4:33pm May 19, 2019 4:33pm
Quoting xmess7
{quote} T4Trade: If you have already read MichealGs Holo.pdf (which is posted on pg1), then you should know by now what to look for. He did a great job.. he clearly explains with text and images what to look for. So its kinda surprising that you are still asking the simple questions . In reality you do not need ANY kinda of indicators to use this approach. All you need to is to draw horizontal lines and your eyes. So lets take it step by step. Dont worry about any indicators or anything else. Dont EVEN TRADE LOL. Just do this first step......
Exactly how I did it.

In fact I say so in almost the same way you do earlier in the thread.

It helps to strip out all the "stuff" you don't need.
  • #14,104
  • May 19, 2019 7:13pm May 19, 2019 7:13pm
Who is taking the 10 trade challenge the week of MAY 19, 2019?

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
  • #14,105
  • May 19, 2019 7:16pm May 19, 2019 7:16pm
Quoting T4Trade
I think you like to be bossy and don't attack me personally ,do not use YOU,I don't like that childish treatment.If you cant talk good, better pass and stay quiet.
Maybe you should look elsewhere for a trading method. There are thousands of threads. Your welcome is just about worn out here.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,106
  • May 19, 2019 11:34pm May 19, 2019 11:34pm
I am sticking to only Michael G method.I was practicing and posting the trades so the traders would be just answering if this is correct trade or not and if not why not on my illustration of trades on the chart.

anyways,I will not be posting anymore.
  • #14,107
  • May 20, 2019 7:02am May 20, 2019 7:02am
Not been trading GU as much because of Brexit, although GBP has become less erratic of late - couldn't resist this one today for +25
Attached Image (click to enlarge)
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Everything should be made as simple as possible, but no simpler - Einstein
  • #14,108
  • May 20, 2019 10:22am May 20, 2019 10:22am
Had nothing else on and to be honest it was only due to the time of day being quiet for me that I picked this up. I went in heavy, nabbed the +5 and closed up shop.

Having said that, due to the repeatable nature of UC, I will keep an eye on it at this time of day again and see if it can be a regular pick-up.

Attached Image (click to enlarge)
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On both 15-min and 5-min for the record.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #14,109
  • May 20, 2019 10:50am May 20, 2019 10:50am
Quoting lemercenaire
Had nothing else on and to be honest it was only due to the time of day being quiet for me that I picked this up. I went in heavy, nabbed the +5 and closed up shop. Having said that, due to the repeatable nature of UC, I will keep an eye on it at this time of day again and see if it can be a regular pick-up. {image} On both 15-min and 5-min for the record. {image} {image}
I should also have pointed out that another reason I was happy to get in-and-out was the fact that it is a Bank Holiday in Canada today.
  • #14,110
  • May 20, 2019 2:15pm May 20, 2019 2:15pm
I requested TS to share his numbering the candle indicator and he didn't, Phylo shared with me, there are Generous Leaders like Phylo,there are bad and ugly traders too in FFx.

I wanted this indicator to share my illustrations about this strategy but unfortunately I got discouraged to do so.

Thanks to Michael G once again.
Attached Image (click to enlarge)
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  • #14,111
  • May 20, 2019 2:55pm May 20, 2019 2:55pm
Quoting T4Trade
I requested TS to share his numbering the candle indicator and he didn't, Phylo shared with me, there are Generous Leaders like Phylo,there are bad and ugly traders too in FFx. I wanted this indicator to share my illustrations about this strategy but unfortunately I got discouraged to do so. Thanks to Michael G once again. {image}
The indicator is not mine to share nor is it necessary for learning this method.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,112
  • May 20, 2019 2:56pm May 20, 2019 2:56pm
Quoting T4Trade
I am sticking to only Michael G method.I was practicing and posting the trades so the traders would be just answering if this is correct trade or not and if not why not on my illustration of trades on the chart. anyways,I will not be posting anymore.
Please see post 14,111 which is after post 14,107.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,113
  • May 20, 2019 3:40pm May 20, 2019 3:40pm
Quoting TooSlow
{quote} Please see post 14,111 which is after post 14,107.
I said I will not be posting my trade illustration charts anymore. the chart in 14,111 is the indicator i'm showing you that you have failed to share with me and I got it from other source.

This indicator is very useful for learning purpose and we all are learners, no matter how experienced we become in trading.i liked this indicator and idea of it,it helps in communicating the ideas on chart generally, and you have used it very widely, so why and how do you say that I don't need it?

I was hurt,This is the last negative post from my side,I am a very optimistic and positive person by nature.You will see best side of me from now,Winking!

wax in and wax out for Lem.
  • #14,114
  • May 20, 2019 7:49pm May 20, 2019 7:49pm
Quoting T4Trade
{quote} I said I will not be posting my trade illustration charts anymore. the chart in 14,111 is the indicator i'm showing you that you have failed to share with me and I got it from other source. This indicator is very useful for learning purpose and we all are learners, no matter how experienced we become in trading.i liked this indicator and idea of it,it helps in communicating the ideas on chart generally, and you have used it very widely, so why and how do you say that I don't need it? I was hurt,This is the last...
Please see post #14,112
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,115
  • May 20, 2019 7:51pm May 20, 2019 7:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 69 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,116
  • May 20, 2019 11:33pm May 20, 2019 11:33pm
Quoting TooSlow
{quote} Please see post #14,112
ok buddy, No problems, Green pips!
  • #14,117
  • May 21, 2019 12:12am May 21, 2019 12:12am
Quoting T4Trade
I requested TS to share his numbering the candle indicator and he didn't, Phylo shared with me, there are Generous Leaders like Phylo,there are bad and ugly traders too in FFx. I wanted this indicator to share my illustrations about this strategy but unfortunately I got discouraged to do so. Thanks to Michael G once again. {image}
Hi T4Trade,

It doesn't need a counting indicator - just refer to the bar time from the chart! There is a word in Swedish - "Langom" which roughly translates into English as "just enough," "perfect-simple." This technique is big on Langom and doesn't really need any embellishments. I only trade 5 pairs so it doesn't take much time/management to find opportunities. Some pairs seem to be better for this technique than others (from a UK time perspective).

The Swedes get very upset (from my experience) when someone is being "a bit flash" and not displaying appropriate Langom. This thread is well-managed and stays focused to the technique - which is why I like it. There are plenty of threads on FF which are like the wild west - EA's, indicators, techniques and ideas all over the place, diluting what probably started out as a reasonable approach. When you get to the last page of the thread it looks nothing like the first page!

You will get all the help you need if you stick to the script and get to grips with it - believe me it doesn't need anything adding to it. You mentioned in your private e mail to me that you monitor 28 pairs - to my simple mind this is completely crazy when you are trying to learn a new technique. I think you would find it much easier if you took one or two of your favourite pairs and concentrate on getting those working for you. You may have to wait longer between opportunities, but it is better to wait and ask relevant questions based on the HOLO technique than ask dumb questions, get frustrated with everyone and lose out long term. Whenever you get the urge to post about a new indicator - think Langom!

Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #14,118
  • May 21, 2019 1:48am May 21, 2019 1:48am
Apologies to all Swedes - its spelt "Lagom" !!
Everything should be made as simple as possible, but no simpler - Einstein
  • #14,119
  • May 21, 2019 2:03am May 21, 2019 2:03am
Quoting Davidh061
{quote} Hi T4Trade, It doesn't need a counting indicator - just refer to the bar time from the chart! There is a word in Swedish - "Langom" which roughly translates into English as "just enough," "perfect-simple." This technique is big on Langom and doesn't really need any embellishments. I only trade 5 pairs so it doesn't take much time/management to find opportunities. Some pairs seem to be better for this technique than others (from a UK time perspective). The Swedes get very upset (from my experience) when someone is being "a bit flash" and...
Dave, thanks for your comments.

with due respect, i am not using many indicators, what misunderstanding is going around? does my chart show any indicators other than 1 provided in this thread? I wanted that numbering scale indicator because I like to use it generally to describe the chart how TS does,is it such a big sin? Jeez

no questions are dumb, asking question and seeking approval for trades is a part of learning, i didnt get frustrated, i was expressing myself so traders should not bully.

please burry this topic and move on!
  • #14,120
  • May 21, 2019 2:15am May 21, 2019 2:15am
Quoting Davidh061
{quote} Hi T4Trade, It doesn't need a counting indicator - just refer to the bar time from the chart! There is a word in Swedish - "Langom" which roughly translates into English as "just enough," "perfect-simple." This technique is big on Langom and doesn't really need any embellishments. I only trade 5 pairs so it doesn't take much time/management to find opportunities. Some pairs seem to be better for this technique than others (from a UK time perspective). The Swedes get very upset (from my experience) when someone is[/highlight]...
You learn something new every day. My new favourite word..."Lagom".

Love it. Thanks, David.
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