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Highest Open / Lowest Open Trade

  • #14,201
  • Jun 24, 2019 6:30am Jun 24, 2019 6:30am
Quoting doostwoudgro
{quote} Definitely too early to know what pairs worked better than others etc. These trades where taken at only time of day when I was in front of screen and set-ups where available. Usually late Asian and early London sessions. No bias or preference on type of pair was given. There are however obvious correlations when say a particular currency is bullish then it is same across all its pairs. Then its advisable to watch how many of these trades you take. Because if you take them all and there is no reversal you expose too much risk. Which[/highlight]...
Which currencies work for you? what do you prefer?

For HOLO? I'd be reluctant to say just now, as it's been a while since HOLO was my stand alone method. The pairs I used back then may not function as well at the moment.

I did list the ones I was using here at the time however but sorry other than the fact that it was around the time I joined FF I guess, I can't narrow it down any more than that.

As for now, I take a HOLO and / or 1-2-3 if I see it, so it's completely random.
  • #14,202
  • Jun 24, 2019 8:20am Jun 24, 2019 8:20am
xmess7

Thanks for your post. I understand in essence you are talking about the wick depending on up or down candles. This part of your post 16145 (I think), which I am copying below, can you please clarify. I have in bold and underlined. Thanks for you reply.

Can u see the timesthat price could of gone into the week and then pulled back?? Eventually it pulled so much that it is need up on the CLOSE.

So here is the second answer..... So now if you go down into the tf say the 5min and each day start to look for closes near the end of the day you will begin to see that there is a. Edge... (typically, how long before the close you mean to count the number of times?). That is you will begin to see that this thing happens very often! Then if it happens often.. that's when we come in and take what is already given lol.

I hope it makes sense..... Let's see in short price will always continue to make new highs and lows and at the end if the day it will usually stop away from one of those..... (So, what is the ramification or implication to trade the next day as it very often does ie the price closes below the high or the low unless if it is a Marubozu candle ie candle with no or minimal wicks?

Sam_777
  • #14,203
  • Jun 24, 2019 8:33am Jun 24, 2019 8:33am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,204
  • Jun 26, 2019 1:06am Jun 26, 2019 1:06am
Attached Image (click to enlarge)
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Todays Trade - Stop Out Loss
  • #14,205
  • Jun 26, 2019 2:21am Jun 26, 2019 2:21am
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Took a lot longer but also Stop Out
Correlated pairs traded today AUD/JPY & NZD/JPY usually will give same result
  • #14,206
  • Jun 26, 2019 11:31am Jun 26, 2019 11:31am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,207
  • Jun 26, 2019 11:32am Jun 26, 2019 11:32am
Quoting doostwoudgro
{image} Todays Trade - Stop Out Loss
Where is the highest open? Were you trading against the H1 candle color?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,208
  • Jun 27, 2019 6:21am Jun 27, 2019 6:21am
Quoting TooSlow
{quote} Where is the highest open? Were you trading against the H1 candle color?
Highest open was when large green 1hr candle closed @74.85 next 1hr candle was red hanging man then
next candle opened and went up into area of interest and 15min candle closed in this area trade was taken
as it hit the highest open.

The trade almost hit 5 pip which would of triggered the BE+1 and a trailing stop
but missed by half a pip.
  • #14,209
  • Jun 27, 2019 6:23am Jun 27, 2019 6:23am
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Achieved Trailing stop hit @7.5 pips profit later in the night for me yesterday on AUD/JPY
  • #14,210
  • Jun 27, 2019 8:15am Jun 27, 2019 8:15am
EU short +15 taken using M5 as the trigger
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Everything should be made as simple as possible, but no simpler - Einstein
  • #14,211
  • Jun 28, 2019 10:41am Jun 28, 2019 10:41am
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  • #14,212
  • Jul 3, 2019 12:09am Jul 3, 2019 12:09am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,213
  • Jul 3, 2019 12:41am Jul 3, 2019 12:41am
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Todays Trade Hit Target +10 pips USD/JPY
  • #14,214
  • Jul 5, 2019 10:09am Jul 5, 2019 10:09am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,215
  • Jul 7, 2019 7:40am Jul 7, 2019 7:40am
When the open of the candle in the area is right on the same level with the higher open / lower open, do you trade it? Market order?

Best Regards

valesch
  • #14,216
  • Jul 7, 2019 4:52pm Jul 7, 2019 4:52pm
Quoting valesch
When the open of the candle in the area is right on the same level with the higher open / lower open, do you trade it? Market order? Best Regards valesch
If it is not obvious, don't trade

If you are not sure, don't trade.

Wait for trades that make sense to you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,217
  • Jul 7, 2019 11:49pm Jul 7, 2019 11:49pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,218
  • Jul 8, 2019 8:23am Jul 8, 2019 8:23am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,219
  • Edited 2:57pm Jul 8, 2019 1:39pm | Edited 2:57pm
Hi TooSlow,

I see that your content/strategy in the present thread, is practically the same as the one presented in your other one: https://www.forexfactory.com/showthread.php?t=549745, am I right? So why keep both actively separated? Or is there something I'm not aware of?

By the way, do you have any statistical data about your performance using this over the years, at least something approximate in general?

Cheers!
  • #14,220
  • Edited 11:12am Jul 9, 2019 8:34am | Edited 11:12am
Quoting Viktory
Hi TooSlow, I see that your content/strategy in the present thread, is practically the same as the one presented in your other one: https://www.forexfactory.com/showthread.php?t=549745, am I right? So why keep both actively separated? Or is there something I'm not aware of? By the way, do you have any statistical data about your performance using this over the years, at least something approximate in general? Cheers!
Sometimes a HOLO is a 123.
Sometimes a 123 is a HOLO.
That is why separate threads.
Read the rules for each method. The differences should be obvious.
Performance is trader dependent. Some traders thrive using this method. Some traders flounder. Which one are you is what should matter to you. How can you use these method to profit is the main concern.

Green pips to you, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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