Highest Open / Lowest Open Trade | Page 719 | 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

  • #14,361
  • Edited 3:58am Oct 28, 2019 3:37am | Edited 3:58am
guys i have a question.. hope someone can help me here.. im new to this system

so im watching this GBPJPY set up.. i put first sell stop on the blue line because it was the previous highest opening. and there is a candle which open between the blue line and the highest point.... but then another highest opening came and there is a candle opened between it and the highest point.. i got some pips from that second set up so im happy.. but im lost if im going to close my first sell stop or let it run from the previous highest opening (blue line)..because its a valid set up until another highest opening came.


I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 122 KB
PATIENCE AND DISCIPLINE!
  • #14,362
  • Oct 28, 2019 4:45am Oct 28, 2019 4:45am
As I can see you had your pips from the red candle and from the last HH open. The first HH open is out of the equation so now the last HH open and Highest high is what matters now I think. If you want to go north you most wait for the lowest low and a LL open to spot a new reversal.
  • #14,363
  • Oct 28, 2019 4:56am Oct 28, 2019 4:56am
Quoting kimmoe58sma
As I can see you had your pips from the red candle and from the last HH open. The first HH open is out of the equation so now the last HH open and Highest high is what matters now I think. If you want to go north you most wait for the lowest low and a LL open to spot a new reversal.
so my sell stop on the blue line is now void? because a new set up appeared?
PATIENCE AND DISCIPLINE!
  • #14,364
  • Oct 28, 2019 11:09am Oct 28, 2019 11:09am
Who is taking the 10 trade challenge the week of OCTOBER 27, 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
  • #14,365
  • Oct 28, 2019 11:11am Oct 28, 2019 11:11am
Quoting harold1
guys i have a question.. hope someone can help me here.. im new to this system so im watching this GBPJPY set up.. i put first sell stop on the blue line because it was the previous highest opening. and there is a candle which open between the blue line and the highest point.... but then another highest opening came and there is a candle opened between it and the highest point.. i got some pips from that second set up so im happy.. but im lost if im going to close my first sell stop or let it run from the previous highest opening (blue line)..because...
Let me suggest you use the tools provided. Download the indicators and template.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,366
  • Oct 28, 2019 2:09pm Oct 28, 2019 2:09pm
Quoting TooSlow
Who is taking the 10 trade challenge the week of OCTOBER 27, 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!

Must say im giving this strategy a try this week. attempted oil today and caught this run of 50 pips before stopped out. still trying to master it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 8 KB
  • #14,367
  • Oct 28, 2019 6:46pm Oct 28, 2019 6:46pm
Quoting harold1
guys i have a question.. hope someone can help me here.. im new to this system so im watching this GBPJPY set up.. i put first sell stop on the blue line because it was the previous highest opening. and there is a candle which open between the blue line and the highest point.... but then another highest opening came and there is a candle opened between it and the highest point.. i got some pips from that second set up so im happy.. but im lost if im going to close my first sell stop or let it run from the previous highest opening (blue line)..because...
You drop the early one as the new set up takes precedence.
  • #14,368
  • Oct 28, 2019 7:07pm Oct 28, 2019 7:07pm
I have been following this with great interest!

Has anyone produced filters for this? As I understand, the premise of this system is that most* daily candles have wicks, so by utilizing this system, you are catching the wick’s movement at the best possible moment.

That said, has anyone seen this system work better on perhaps days after no wicks?

i can only imagine the string of losses that invariably come on those full-bodied candle days.
  • #14,369
  • Oct 29, 2019 11:31am Oct 29, 2019 11:31am
Quoting tradeChaser
I have been following this with great interest! Has anyone produced filters for this? As I understand, the premise of this system is that most* daily candles have wicks, so by utilizing this system, you are catching the wick’s movement at the best possible moment. That said, has anyone seen this system work better on perhaps days after no wicks? i can only imagine the string of losses that invariably come on those full-bodied candle days.
Attached Image (click to enlarge)
Click to Enlarge Name: Bruce-Lee-Quote-Right-time.jpg Size: 40 KB


There is no need for filters.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,370
  • Oct 30, 2019 2:45am Oct 30, 2019 2:45am
Hi there, I am using this strategy at my core trading. However can you recommend some brokers that suit for this strategy? My broker put high stoplevel that make difficult to trade it correctly. What broker are you using? I live in Asia. Thanks all.
  • #14,371
  • Oct 30, 2019 3:20am Oct 30, 2019 3:20am
Hi,

This HOLO indicator is interesting. but I found new method can u create this as indicator.

Create a line in daily open candle price.

create a line in weekly open candle price.

create a line in every 4hour open candle price. delete the line if new 4 hour candle open.
  • #14,372
  • Oct 30, 2019 6:46pm Oct 30, 2019 6:46pm
Quoting vikisiva
Hi, This HOLO indicator is interesting. but I found new method can u create this as indicator. Create a line in daily open candle price. create a line in weekly open candle price. create a line in every 4hour open candle price. delete the line if new 4 hour candle open.
Have you seen the input options for the indicator?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,373
  • Oct 31, 2019 2:03am Oct 31, 2019 2:03am
hi guys-would you mind check- thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 31 KB
Click to Enlarge Name: Capture1.PNG Size: 36 KB
  • #14,374
  • Oct 31, 2019 4:05am Oct 31, 2019 4:05am
Quoting fforexer
hi guys-would you mind check- thanks {image} {image}
It would be whole lot easier to tell if you (a) used the indicator and (b) posted the H1 chart with the 15-min below.
  • #14,375
  • Oct 31, 2019 4:05am Oct 31, 2019 4:05am
for sell, does not matter highest open candel is for bearish candel or bullish candel?
  • #14,376
  • Oct 31, 2019 11:08am Oct 31, 2019 11:08am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 61 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,377
  • Oct 31, 2019 10:18pm Oct 31, 2019 10:18pm
Quoting vikisiva
Hi, This HOLO indicator is interesting. but I found new method can u create this as indicator. Create a line in daily open candle price. create a line in weekly open candle price. create a line in every 4hour open candle price. delete the line if new 4 hour candle open.

hi was just wondering what is your rules for these higher time frames??
with my day job its difficult to pay attention to the charts hourly
  • #14,378
  • Nov 3, 2019 8:53pm Nov 3, 2019 8:53pm
Who is taking the 10 trade challenge the week of NOVEMBER 3, 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
  • #14,379
  • Nov 3, 2019 8:54pm Nov 3, 2019 8:54pm
Quoting furgz1129
{quote} hi was just wondering what is your rules for these higher time frames?? with my day job its difficult to pay attention to the charts hourly
This version of HOLO is not for higher time frames.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,380
  • Nov 4, 2019 9:45pm Nov 4, 2019 9:45pm
Hi TS. Can you post again your indicator? The only attached file is the HoLo.pdf. Thank you!
5 traders viewing now