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Highest Open / Lowest Open Trade

  • #15,041
  • Jul 21, 2020 5:35am Jul 21, 2020 5:35am
Hello! Trade #5
+14,7 pips
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Summary of challenge

#1= +11,1 (post #14,970)
#2= -1,8 (post #14,979)
#3=+13,6 (post #14,987)
#4= -5,5 (post #15,039)
#5=+14,7 (post #15,042)

Total=+32,1 pips

  • #15,042
  • Jul 21, 2020 6:44am Jul 21, 2020 6:44am
GOLD TRADE 2 0F 10
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  • #15,043
  • Edited 9:40am Jul 21, 2020 7:40am | Edited 9:40am
GOLD TRADE 3 OF 10
TOTAL 66pips
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  • #15,044
  • Jul 21, 2020 9:30am Jul 21, 2020 9:30am
Trade #6
-6,7 pips
Comments: There was a H1 breakout (warning: trade with caution). My foult
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Summary of challenge

#1= +11,1 (post #14,970)
#2= -1,8 (post #14,979)
#3=+13,6 (post #14,987)
#4= -5,5 (post #15,039)
#5=+14,7 (post #15,042)
#6=-6,7 (post #15,045)

Total=+25,4 pips
  • #15,045
  • Jul 21, 2020 9:37pm Jul 21, 2020 9:37pm
am i right? so the 1st h1 candle of new day should be a bearish pinbar? if not we do not have area of interest? Anyway i found this trading very confusing when trying it on crypto
  • #15,046
  • Edited 12:55am Jul 22, 2020 12:28am | Edited 12:55am
GOLD TRADE 4 OF 10
TOTAL 100pips
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  • #15,047
  • Edited 1:43am Jul 22, 2020 12:53am | Edited 1:43am
Quoting jindox37
am i right? so the 1st h1 candle of new day should be a bearish pinbar? if not we do not have area of interest? Anyway i found this trading very confusing when trying it on crypto
SEE PAGE 1 for the Concepts see the link (https://www.forexfactory.com/showthread.php?t=590623)
Advice you to Start with EURUSD or GBPUSD
At the end of a tunnel comes Light
  • #15,048
  • Jul 22, 2020 7:14am Jul 22, 2020 7:14am
Quoting aadedare
GOLD TRADE 4 OF 10 TOTAL 100pips {image}
Please explain your notes in the left bottom corner.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,049
  • Edited 12:25pm Jul 22, 2020 9:53am | Edited 12:25pm
Quoting TooSlow
{quote} Please explain your notes in the left bottom corner.
The general Rules /Guidelines for Holo Trade are

USE COMMON SENSE! AVOID FREIGHT TRAINS
No Entry on H1 BrkOut Bars
No Late Entry - Not Even 1 pip
M5 Bar must Open between H1(0) Open and Extreme
BE+1 Better than a Loss
There is always another Chance/Trade
One Trade per Bar
DO NOT WAIT FOR BAR TO CLOSE
SELL AT HO/BUY AT LO

After Studing Your Charts I discovered The following Patterns ahd try to compressed it Mathematically
NB: Extreme PTN: for Low & High
1) D1[1]---D1[0]---H1[o] {M5 [o]}
2) D1[o]---H1[o] {M5[o]}---D1[1]
3) D1[o]---D1[1]--H1[o] {M5[o]}
4) To avoid Freight Trains only trade with the H4 candle
5) For H/L =D1-D0-Do(open)

D1[1] is Yesterday/Previous Day High or Low depending oN the color Red for Highand Blue for Low
D1[o] is Today High(H)/Low(L) or
H1[o] is Higher/Lower Open
{M5[o]} is 5mins Higher/Lower Open or M5 open
H1[o]{M5 [o]} this means M5 a subset of H1[o] must open within the shaded Area


CASE 1) D1[1]---D1[0]---H1[o] {M5 [o]}

A bar- A, makes a NEW DAILY high D1[1] and closes. Next bar B, D1[o] fails to make a higher high and reverses. Sell when price drops below the open price of D1[o] or H1[o] of the current bar-B.

Conversely
A bar makes A, a NEW DAILY low D1(1)and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the Open price of D1[o] or H1[o] of the current bar.

CASE 2) D1[o]---H1[o] {M5[o]}---D1[1]
When Previous day High , D1[1] is broken, by Today’s high, D1[o] I.e D1[o]> D1[1]<H1(o) wait until H1[o] formation below D1[o] ( Area of interest)

CASE 3) D1[o]---D1[1]--H1[o] {M5[o]}
Similar to case 2 Expect D1[o] > D1[1] >H1(o) i.e. H1(o) opens after D1(1)

D1[o] and D1[1] makes up the Extreme and initial stop loss depends on how much room between the open and the extreme a narrow Range is Okay

CASE 4 For H/L =D1-D0-Do(open)
Means Price returned from D1[1] and D1[o) to the open price of the current bar {D1[o)}. Enter the trade in the direction price is crossing the open Do(open)
This is not limited to Daily only is applicable to all Time frames the higher rhe better

Thanks for the privilege
  • #15,050
  • Jul 22, 2020 11:18am Jul 22, 2020 11:18am
Quoting aadedare
{quote} The general Rules .....Thanks for the privilege
Thank you for your interpretation.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,051
  • Jul 22, 2020 5:49pm Jul 22, 2020 5:49pm
Trade #8 EU Long stopped out +1 then exploded but there will be more opportunity
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  • #15,052
  • Jul 23, 2020 2:04am Jul 23, 2020 2:04am
GOLD TRADE 5 OF 10
TOTAL 180+PIPS
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  • #15,053
  • Jul 23, 2020 5:04am Jul 23, 2020 5:04am
One Trade per Bar

Hi Aadedare,

where there is an info that only one trade per bar should be taken? And You mean by H1 bar?

Regards.
  • #15,054
  • Edited 6:56am Jul 23, 2020 5:39am | Edited 6:56am
Quoting blazej
One Trade per Bar Hi Aadedare, where there is an info that only one trade per bar should be taken? And You mean by H1 bar? Regards.
SEE THE LINK BELOW AND RULE NO 6
https://www.forexfactory.com/showthread.php?t=590623

NOTE: TRADE IN THE DIRECTION OF TREND !
I Think the defination of bar depends on you and other factors like ATR/Range, for example the range of Gold on 15mins TF, for Period 34/36 is about 40pips (as at the time of writing although it varies from time to time ) that is reasonably OK
so I can afford to trade every 15mins Bar in the direction of trend (that is, while you are selling you concentrate on Red candles) and also make sure your stop loss is in BE+1 before you add another Trade

THANKS
  • #15,055
  • Jul 23, 2020 5:49am Jul 23, 2020 5:49am
I would like to try the challenge starting Monday. Using EUR/USD. Hope this will be okay. Cheers
  • #15,056
  • Jul 23, 2020 6:34am Jul 23, 2020 6:34am
Quoting aadedare
GOLD TRADE 5 OF 10 TOTAL 180+PIPS {image}
actually I have lost the counts of today's trade I traded more than 10 today
this is the evidence. Imagine using 10lots size instead of 0.1 what do you think?
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  • #15,057
  • Jul 23, 2020 6:54am Jul 23, 2020 6:54am
Quoting MaxMcLintock
I would like to try the challenge starting Monday. Using EUR/USD. Hope this will be okay. Cheers
Welcome aboard. Yes, it is okay. Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,058
  • Jul 23, 2020 6:57am Jul 23, 2020 6:57am
Quoting aadedare
{quote} actually I have lost the counts of today's trade I traded more than 10 today this is the evidence. Imagine using 10lots size instead of 0.1 what do you think? {image}
Work your way there, slowly.

0.1
0.2
0.4
0.8
1.0
2.0
4.0
8.0
10.0
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,059
  • Jul 23, 2020 9:35am Jul 23, 2020 9:35am
Quoting TooSlow
{quote} Work your way there, slowly. 0.1 0.2 0.4 0.8 1.0 2.0 4.0 8.0 10.0
Thank you sir
would try 0.2 from next week before getting to 0.4 I would have master some of my flaws if not all
I just need more Discipline and Consistency
OMG help me to drain the Banks by Harworks not by stealing oooooooooooo
  • #15,060
  • Jul 23, 2020 10:34am Jul 23, 2020 10:34am
Quoting aadedare
{quote} actually I have lost the counts of today's trade I traded more than 10 today this is the evidence. Imagine using 10lots size instead of 0.1 what do you think? {image}

Good job aadedare. Do you just move sl to be +1 after price goes +5, or you use a different position management?
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