My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Highest Open / Lowest Open Trade
{quote} Aeson... Very grateful for the share. Just a quick ? so as not to be distracted with our intention of HOLO trading in this thread. Apologies if I've stepped beyond the boundary. You stated; " The HOLO Scanner will check for entries in the configured list of currency pairs and displays buttons that will open a chart on that pair when clicked. You can choose to scan for M5 or M15 entries. The button will go green if there is a potential setup and there are optional alerts too. You can also specify a template to be loaded into the newly...
The default name is HOLO.tpl but you can change it to anything you want.
Hope that helps.
- #15,351
- Edited 9:39am Sep 28, 2020 9:23am | Edited 9:39am
Hi all!
Hope everyone had a good weekend.
Rocky start to the week for me
Back to back losses on AJ.
Looking back, the first setup didn't really meet my criteria as I like to see retest of the daily high before taking an entry.
I think I had an itchy trigger finger after being off for the weekend!
The second setup met my criteria though and it simply went against me.
I made the decision this week that I will allow myself to take M5 entries and also to consider manually closing out positions based on the PA of the M1.
Took an entry on NJ and ended up closing out manually for +5.
Price had been stuck at the top of the M1 and hadn't moved, based on my observations last week, when that happened price tended to break in the direction if the candle after the next open and sure enough that's what happened.
It actually didn't come back far enough to take out the stop so in the end I could have netted a couple extra pips but I was happy with my decision.
Another similar scenario CJ.
Again decided to take it off manually at +5 as the M1 candles were showing the momentum dropping off.
Ended up being the correct decision as it would have come back and taken me out at +1
(not shown in the screenshot, happened later)
Hope everyone had a good weekend.
Rocky start to the week for me
Back to back losses on AJ.
Looking back, the first setup didn't really meet my criteria as I like to see retest of the daily high before taking an entry.
I think I had an itchy trigger finger after being off for the weekend!
The second setup met my criteria though and it simply went against me.
I made the decision this week that I will allow myself to take M5 entries and also to consider manually closing out positions based on the PA of the M1.
Took an entry on NJ and ended up closing out manually for +5.
Price had been stuck at the top of the M1 and hadn't moved, based on my observations last week, when that happened price tended to break in the direction if the candle after the next open and sure enough that's what happened.
It actually didn't come back far enough to take out the stop so in the end I could have netted a couple extra pips but I was happy with my decision.
Another similar scenario CJ.
Again decided to take it off manually at +5 as the M1 candles were showing the momentum dropping off.
Ended up being the correct decision as it would have come back and taken me out at +1
(not shown in the screenshot, happened later) 
+1 USDCAD earlier 
and then just now on cable...
Deployed trailing stop at +10 and let it run.
Closed out manually at the top there as price has been rejected at that level twice earlier today, plus I'm logging off now for a bit so happy to take the profits off the table
+19 pips
Edit: looks like I banked only 2 pips from the top! price has come all the way back down now
and then just now on cable...
Deployed trailing stop at +10 and let it run.
Closed out manually at the top there as price has been rejected at that level twice earlier today, plus I'm logging off now for a bit so happy to take the profits off the table
+19 pips
Edit: looks like I banked only 2 pips from the top! price has come all the way back down now
The markets chewed me up and spit me out this morning!
I've been stopped out 4 times
Nothing really wrong with the setups as far as I can see.
Looking at some stats, it seems like a higher proportion of my losses happen before the NY open.
Obviously 50 or so trades isn't a huge sample size but there is a possible pattern forming.
With that I'll be taking a break for the rest of the day and try to focus on getting some work done for a change
I've been stopped out 4 times
Nothing really wrong with the setups as far as I can see.
Looking at some stats, it seems like a higher proportion of my losses happen before the NY open.
Obviously 50 or so trades isn't a huge sample size but there is a possible pattern forming.
With that I'll be taking a break for the rest of the day and try to focus on getting some work done for a change
