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Highest Open / Lowest Open Trade

  • #15,201
  • Sep 8, 2020 6:40am Sep 8, 2020 6:40am
Quoting TooSlow
{quote} Welcome aboard. Yes, it is okay. Cheers, Mate!
Must apologise here for not completing my task. I don't think I chose the best week.
  • #15,202
  • Sep 8, 2020 8:28am Sep 8, 2020 8:28am
Quoting lueny_toons
Greetings TooSlow... I've spent a great deal of time reading and re-reading all your golden nuggets! And still have not reached the end yet with 2 threads going. Such wisdom and depth in your thoughts. TQ. I'm glad after years of trading and mediocre success to show for, I've found something golden that relates to my struggles. I especially love the Bruce Lee's quotes and the plethora of analogies that has been sprinkled throughout the thread. And MOST of all..., the "less is MORE" methodology for which I'm an avid advocate of. And the simplistic...
I'll let TS get into the detailed stuff but as far as the watermark goes, it won't work until you have the watermark indicator added - and this isn't able to be shared here, it needs to be obtained from the author.
  • #15,203
  • Sep 8, 2020 9:53am Sep 8, 2020 9:53am
Trade #3 (GBPUSD) - trailing stop +7...

Attached Image (click to enlarge)
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  • #15,204
  • Sep 8, 2020 9:56am Sep 8, 2020 9:56am
I stepped away and didn't realize a new lower open occurred. My buy stop order was at the lower open of the previous candle.
Should that order have been cancelled and wait for a close within the new lower open and today's low? I was also aware the
previous day's low had been broken.
  • #15,205
  • Sep 8, 2020 1:46pm Sep 8, 2020 1:46pm
Quoting lemercenaire
{quote} I'll let TS get into the detailed stuff but as far as the watermark goes, it won't work until you have the watermark indicator added - and this isn't able to be shared here, it needs to be obtained from the author.
Thanks lemercenaire for the fast revert plus for the info and understanding into that issue... It dawn on me later, that I thought it would be a watermark indi issue. Probably the HOLO shared template to which all the relevant indis were placed together as an entire template was missing that indi. Hence, it showed in the charts but can't work as no indi to be launched. Hmmm..., I checked the attachment folder in this thread but couldn't find it. Oh well, it's a small issue. What's most important is to practice diligently with the main indi as a tool and sharpen our entry skills super well. The bottom line is we're in this to make moolah Cheers mate

p/s. yup I'll wait on TS to revert with his replies and understanding to my questions. I'm here as a sponge; absorbing the relevant and following the essentials (the Laws of HOLO).
  • #15,206
  • Sep 8, 2020 2:37pm Sep 8, 2020 2:37pm
Quoting lueny_toons
{quote} Thanks lemercenaire for the fast revert plus for the info and understanding into that issue... It dawn on me later, that I thought it would be a watermark indi issue. Probably the HOLO shared template to which all the relevant indis were placed together as an entire template was missing that indi. Hence, it showed in the charts but can't work as no indi to be launched. Hmmm..., I checked the attachment folder in this thread but couldn't find it. Oh well, it's a small issue. What's most important is to practice diligently with the main indi...
That's exactly what happens re the template. Better you use the listed and available indis to put together - or replicate as close you can - your own version.
  • #15,207
  • Sep 8, 2020 8:31pm Sep 8, 2020 8:31pm
Quoting lueny_toons
.What's most important is to practice diligently with the main indi as a tool and sharpen our entry skills super well.
Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,208
  • Sep 9, 2020 1:23am Sep 9, 2020 1:23am
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION


@TooSlow

What is the recommended trailing stop for GOLD? 50 points?

On the first post, TS said : "Trade the reversal with caution" How does one trade with caution? Totally avoid the pairs that has broken previous day's high/low AND if price has made a new high/low...?
Trade Different
Multi 3000 All Time Pips: 23,606
  • #15,209
  • Sep 9, 2020 12:49pm Sep 9, 2020 12:49pm
I don't trade GOLD. I don't know.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,210
  • Sep 10, 2020 5:17am Sep 10, 2020 5:17am
Trade #4 (GBPUSD) - stopped out at -10... current day high exceeded previous day's high

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  • #15,211
  • Sep 10, 2020 5:51am Sep 10, 2020 5:51am
Trade #5 (GBPUSD) - stopped out at + 1.6...

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  • #15,212
  • Sep 10, 2020 7:48am Sep 10, 2020 7:48am
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  • #15,213
  • Sep 10, 2020 10:56am Sep 10, 2020 10:56am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,214
  • Sep 10, 2020 12:17pm Sep 10, 2020 12:17pm
Quoting TooSlow
{image}
Can you explain what you mean about this pic
  • #15,215
  • Edited 1:57pm Sep 10, 2020 1:01pm | Edited 1:57pm
Quoting Toppi
{quote} Can you explain what you mean about this pic
This a picture ......HOLO Trade on USDJPY. 15mins Time Frame
Sold Earlier Below Red channel (HO)
Bought Above Blue Channel (LO)
He banked almost 30 pips without stress just by following simple rules on the Upper Right Hand Side of the Chart with the tools already provided
Just below the Rules is the Currency Strength
Then follow by 28 Currency PairsS Button as in market wash
At the Upper Left Hand Side is the Time information Relationship ( between your local time, market wash time and the GMT equivalent) and offcourse spread and candle count down time

HO + LO =HOLO TRADE ( 2 sides of a coin), Buy and Sell
The picture is self explanatory
Pictures speak loader than words
To understand the language you need to start reading from page one of this thread more than 700pages (page1 as summary)
This is a self discovery thread and constant practice

Try out it!


https://www.forexfactory.com/thread/...est-open-trade
  • #15,216
  • Sep 10, 2020 6:53pm Sep 10, 2020 6:53pm
Hello, how are you? I am new to the forum even though not so much in the thread because I have been following it for quite some time, and now I fully understand the mechanics and the objective of the operation, however now that I want to apply it, a question arises I understand So far in the thread it is not something that is touched because it is very personal but we have a profit management that would be to run the stop quickly to 0 losses
but as for the management in loss as the already experienced ones handle it
I mean the moment you enter the operation and it goes against you by taking you out on a stop
I understand that they will say that they simply assume it and it is the most normal and the ideal in this is won and lost.
But my real problem is that if I have a stop of 20 pips and the market goes in favor, I raise the stop when the price reaches 5 pips and I go up every 5 pips, if we assume that in many operations I will only earn 5 pips
But in losing trades where the stop cannot be raised because it does not reach 5 pips in favor, because the price returns, it would lose 20 pips
the question is how they manage that in favor of your leverage
If I enter a trade with 0.01 and get 5 pips I will win 0.5 US but if on the contrary it returns I will lose 2 US I know that the strategy is profitable because it has already been around 5 years and I really appreciate the simplicity and the spirit of sharing but I have that doubt and I would like to know how those who already have time do it
thank you very much for your reply
  • #15,217
  • Sep 10, 2020 10:27pm Sep 10, 2020 10:27pm
Quoting luisfi
Hello, how are you? I am new to the forum even though not so much in the thread because I have been following it for quite some time, and now I fully understand the mechanics and the objective of the operation, however now that I want to apply it, a question arises I understand So far in the thread it is not something that is touched because it is very personal but we have a profit management that would be to run the stop quickly to 0 losses but as for the management in loss as the already experienced ones handle it I mean the moment you enter the...
Reduce your stop loss to 10 pips
Take a trade with Narrow band
Allow your trade to get to the peak ,Highest High above the band (shaded Area) and Drop gradually below the band before entry
Do not trade Breakout
stop loss usually at the high of the day
  • #15,218
  • Edited Sep 13, 2020 2:28am Sep 12, 2020 3:30pm | Edited Sep 13, 2020 2:28am
I've been PRACTICING relentlessly. Reading and re-reading too... Each time an "a-ha" moment pops up. This indi is extremely powerful and with a good understanding of trading movement behavior scaled out..., it becomes deadly in the hands of anybody WILLING to put in the hours. Don't need any other type of indicators messing about the charts. This one indi coupled with your trading sharpness (and gut form as long as it's low-risk) following the basic HOLO rules WITH your SL in place..., WILL get the job done.

I'm attaching 2 charts detailing my initial successful attempt after countless BE+1 and BE+5 Stopped out and other minimal risk Stopped outs. Could be much better with even more practice. Ok, back to practicing again guys...

p/s. TQ TS for this nugget of a thread ... And for such a GREAT programmed "ADVANCED ALIEN TECHNOLOGY" aka OutOfThisWorld indi
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CaseStudy8.0_Stop moved BE+5 free ride +73pips floating follow HTFH4 trend_GBPUSD.cM5.png Size: 203 KB
Click to Enlarge Name: CaseStudy8.1_ Stop moved BE+5 free ride +242pips floating_GBPUSD.c5.png Size: 194 KB
  • #15,219
  • Sep 13, 2020 2:56am Sep 13, 2020 2:56am
Quoting lueny_toons
Greetings TooSlow... I've spent a great deal of time reading and re-reading all your golden nuggets! And still have not reached the end yet with 2 threads going. Such wisdom and depth in your thoughts. TQ. I'm glad after years of trading and mediocre success to show for, I've found something golden that relates to my struggles. I especially love the Bruce Lee's quotes and the plethora of analogies that has been sprinkled throughout the thread. And MOST of all..., the "less is MORE" methodology for which I'm an avid advocate of. And the simplistic...
Dear TooSlow... Do disregard my queries to you in post #15,201. I've found all the relevant answers by doing the necessary legwork i.e. practicing on the charts and checking with my fren, Mr. Google on matters that escaped me previously. I just released another "a-ha" moment re-reading and seeing your charts on post #1, the very 1st image of the H1 chart with the overlay candlesticks of H4 (I think) of what HOLO really means. And how the indi with it's sophisticated tech allows one to catch the trade position at the highest point (in this case that particular chart) while risking small pips before moving ahead towards the start of a new trend... And this does answer my question #1 in my post. And I now understand it

Thank you for all the charts with the underlying "read-between-the-lines" meanings, if one gets it . *spoon feeding will only stunt or hurt you, I agree*. Appreciate all your efforts in planning out your flow of thoughts which many may not have caught on just by skimming the reads... Or by reading it that one time only! Re-reading coupled with tonnes of practice, they should also have their own many "a-ha" moments too

p/s. as to my other query about the indicator parameters... Is there other ways to include all 28 pairings fit into the "Buttons" Indi's "List of Symbols (separated by ";") section by increasing the amount of character text that the code can accept? Because certain Brokers use extensions like USDJPY.ECN instead of just USDJPY to differentiate their plethora of accounts. And so, if I were to include all 28 pairings into that section it won't fit the already fixed number of characters allowed and thus I'm left with only 23 pairings shown on the buttons. Any help here would be appreciated TS
  • #15,220
  • Sep 13, 2020 10:11am Sep 13, 2020 10:11am
Quoting lueny_toons
And how the indi with it's sophisticated tech allows one to catch the trade position at the highest point (in this case that particular chart) while risking small pips before moving ahead towards the start of a new trend...
You have learned well. Trend is never mentioned. Release that concept, it is not reality.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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