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Highest Open / Lowest Open Trade

  • #14,581
  • Jan 11, 2020 2:43pm Jan 11, 2020 2:43pm
Quoting sicario
Hello TooSlow Thanks for this method And I will try it this week on demo, but I have a question, please I do not understand this : When trade is +5 or more, move stop to BE+1. When trade is +10 or more, move to to BE+5
When price on your trade has moved to show +5 or more in profit, move your stop to lock in +1 pip.
When you are +10 in profit, move that sl up to lock in +5 pips.
  • #14,582
  • Jan 11, 2020 2:44pm Jan 11, 2020 2:44pm
Who is taking the 10 trade challenge the week of JANUARY 12, 2020?

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
  • #14,583
  • Jan 11, 2020 4:12pm Jan 11, 2020 4:12pm
Quoting lemercenaire
{quote} When price on your trade has moved to show +5 or more in profit, move your stop to lock in +1 pip. When you are +10 in profit, move that sl up to lock in +5 pips.
Thank you so much lemercenaire
  • #14,584
  • Jan 12, 2020 6:55pm Jan 12, 2020 6:55pm
Hi all,

Hope you had a good weekend.

Challenge day #3

Stopped: -4.8 pips.

Let's hope for a good week.
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 43 KB
He bought? Dump it!
  • #14,585
  • Jan 12, 2020 6:59pm Jan 12, 2020 6:59pm
Quoting ifurlan
Hi all, Hope you had a good weekend. Challenge day #3 Stopped: -4.8 pips. Let's hope for a good week. {image}
You are trading these markets at really weird times.
  • #14,586
  • Jan 12, 2020 7:08pm Jan 12, 2020 7:08pm
Quoting lemercenaire
{quote} You are trading these markets at really weird times.
Do you mean TradingView timezone? It's adapted to my timezone, which is GMT -3.

Anyway, I can only trade the Asian session, which is the 3rd candle after a new day has started. Trading today wasn't a smart choice by the way, it's Sunday night and national holiday in Japan as well.
He bought? Dump it!
  • #14,587
  • Jan 12, 2020 7:23pm Jan 12, 2020 7:23pm
Quoting ifurlan
{quote} Do you mean TradingView timezone? It's adapted to my timezone, which is GMT -3. Anyway, I can only trade the Asian session, which is the 3rd candle after a new day has started. Trading today wasn't a smart choice by the way, it's Sunday night and national holiday in Japan as well.
I meant it is Sunday night and a Japanese holiday long weekend and the US and UK markets are closed.

If you are trading Asian session seriously, then you could probably include USD if it is a weekday but for me, I would be more inclined to run AUD or NZD alongside your JPY. I appreciate the spreads can be killer esp on NZD pairs but at least those markets are open.
  • #14,588
  • Jan 13, 2020 6:14am Jan 13, 2020 6:14am
Quoting lemercenaire
{quote} I meant it is Sunday night and a Japanese holiday long weekend and the US and UK markets are closed. If you are trading Asian session seriously, then you could probably include USD if it is a weekday but for me, I would be more inclined to run AUD or NZD alongside your JPY. I appreciate the spreads can be killer esp on NZD pairs but at least those markets are open.
Hi lemer, Thanks for the advice. I'm a newbie here so I just want to ask. Which pair should I use with this method? I found this HOLO is very interested so I want to give it a try.
  • #14,589
  • Jan 13, 2020 6:44am Jan 13, 2020 6:44am
Quoting sonhagaga
{quote} Hi lemer, Thanks for the advice. I'm a newbie here so I just want to ask. Which pair should I use with this method? I found this HOLO is very interested so I want to give it a try.
That will depend a little on where you are based. Try and work with pairs that are active and markets open in your time zone.

Other than that, HOLO works best in pretty ranging markets, so look for a pair that have perhaps made new Highs or Lows recently but now seem to be failing to go on. That is your hunting ground.

If it is any help, TS specialises in UJ. I take set ups as and when I come across them.

Horses for courses.

Good luck!
  • #14,590
  • Jan 13, 2020 6:09pm Jan 13, 2020 6:09pm
Price has broken the previous day high, so no trades for today.
He bought? Dump it!
  • #14,591
  • Jan 13, 2020 6:23pm Jan 13, 2020 6:23pm
Quoting ifurlan
Price has broken the previous day high, so no trades for today.
Time to watch what happens and add to the knowledge bank.
  • #14,592
  • Jan 13, 2020 8:17pm Jan 13, 2020 8:17pm
Quoting lemercenaire
{quote} Time to watch what happens and add to the knowledge bank.
Yup, the best exercise, to watch the price behaviour.
He bought? Dump it!
  • #14,593
  • Jan 13, 2020 8:19pm Jan 13, 2020 8:19pm
Quoting ifurlan
{quote} Yup, the best exercise, to watch the price behaviour.
Exactly.
  • #14,594
  • Jan 14, 2020 8:03pm Jan 14, 2020 8:03pm
No trades for today. It's almost bedtime and no trading setups so far; woe is me! As soon as I get used to HOLO, I'll add AUD/USD to my trading list.
He bought? Dump it!
  • #14,595
  • Jan 15, 2020 2:09pm Jan 15, 2020 2:09pm
Took a quiet and late HOLO on GU for a slow +5
  • #14,596
  • Jan 15, 2020 4:10pm Jan 15, 2020 4:10pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,597
  • Edited Jan 16, 2020 4:40am Jan 15, 2020 8:33pm | Edited Jan 16, 2020 4:40am
Finally I've got a short setup on USDJPY. I'll later update this post about what happened.

Update: stopped -7
He bought? Dump it!
  • #14,598
  • Jan 16, 2020 1:20pm Jan 16, 2020 1:20pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,599
  • Jan 16, 2020 2:19pm Jan 16, 2020 2:19pm
Hi TooSlow,

I just came across your thread and find it quite interesting. I "think" I understand. I will attempt to place some trades and hope you can correct any misconceptions I may have regarding the system.

Thanks
  • #14,600
  • Jan 16, 2020 3:34pm Jan 16, 2020 3:34pm
Is this correct?
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