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Highest Open / Lowest Open Trade

  • #15,641
  • Mar 22, 2021 11:06am Mar 22, 2021 11:06am
"The first line: Place a line at the highest H1 open and lowest H1 open for the current day." but in the trades appear another method? or exist a new version of system?
  • #15,642
  • Mar 23, 2021 4:22am Mar 23, 2021 4:22am
Quoting chinchano
"The first line: Place a line at the highest H1 open and lowest H1 open for the current day." but in the trades appear another method? or exist a new version of system?
No, still the same. Wait until PRICE close below/above H1 lowest/highest OPEN and once it will cross it back pull the trigger

Thatīs all
  • #15,643
  • Mar 23, 2021 9:08am Mar 23, 2021 9:08am
Quoting TooSlow
Who is taking the 10 trade challenge the week of March 21, 2021? 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!
3rd 10 TRADE challenge finished

So far so good only today I pretty fuck*d it up jumped twice under FREIGHT TRAIN and ended with -2% equity

Overall still +4,69%

I must admit that is pretty hard to recognize this momentum TRADE in realtime and DONīT jump under gun

Done for today. I need to thinkg about it for a while.

Green pips to all
  • #15,644
  • Mar 23, 2021 9:20am Mar 23, 2021 9:20am
Quoting ramimoujaes
Greetings, I have a small question to ask. When using this strategy, should you give it time? For instance if it is a new day, then we are starting from 0 correct? So, should we give some time before executing this strategy? If yes, how much time is reasonable to give? Also, is it possible to provide me a little bit more details regarding the following: "When price breaks through yesterday's high or low or makes a new high or low today, that is a breakout! Trade the reversal with caution" So, how do we do that? Any specific strategy? Thank you so...
Please?
  • #15,645
  • Mar 23, 2021 9:24am Mar 23, 2021 9:24am
Quoting ramimoujaes
{quote} Please?
Read first page

Then try 10 TRADE challenge

Then you will know


https://www.forexfactory.com/thread/...58#post9007658

If you canīt read How are you going to trade?

Green pips to you mate
  • #15,646
  • Mar 23, 2021 11:30am Mar 23, 2021 11:30am
Quoting ramimoujaes
{quote} Please?
There are 783 pages of explanations, charts, questions & answers. How many pages have you read?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,647
  • Mar 23, 2021 7:37pm Mar 23, 2021 7:37pm
Quoting LooseMyMoney
{quote} 3rd 10 TRADE challenge finished So far so good only today I pretty fuck*d it up jumped twice under FREIGHT TRAIN and ended with -2% equity Overall still +4,69% I must admit that is pretty hard to recognize this momentum TRADE in realtime and DONīT jump under gun Done for today. I need to thinkg about it for a while. Green pips to all
I think TS mentions looking at 4 hour bars to recognise momentum and freight trains. This might help. Good luck.
  • #15,648
  • Mar 24, 2021 3:38am Mar 24, 2021 3:38am
For example 1 day I have earned 5pip, and then the highest opening price (lowest) continues to appear, should we entry?
Green pips to you mate
  • #15,649
  • Mar 24, 2021 6:28am Mar 24, 2021 6:28am
Quoting LooseMyMoney
{quote} Read first page Then try 10 TRADE challenge Then you will know https://www.forexfactory.com/thread/...58#post9007658 If you canīt read How are you going to trade? Green pips to you mate
Hey guys, back to trading. After yesterday equity dip back to normal (hope so)

+17,1 pips

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  • #15,650
  • Mar 24, 2021 8:52am Mar 24, 2021 8:52am
Quoting LooseMyMoney
{quote} Hey guys, back to trading. After yesterday equity dip back to normal (hope so) +17,1 pips {image}
+ 6 pips

BE + 1 triggered by price retracement, still better than SL

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  • #15,651
  • Mar 24, 2021 10:13am Mar 24, 2021 10:13am
Quoting LooseMyMoney
{quote} + 6 pips BE + 1 triggered by price retracement, still better than SL {image}
And +11 pips for end of the day

After 1 day I realized that I was really in rage yesterday and I had to close platform when I could

Lesson learned

Green pips to all

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  • #15,652
  • Mar 24, 2021 10:20am Mar 24, 2021 10:20am
Hello everyone,

I've started reading the forum and today I've made my first trade, I'll post you my chart hoping for someone who can answer my questions :

A) As you can see I've entered short on the green arrow, so first try was good for me!

B) I've marked (with black arrow) the zone where I think I shouldn't enter because the candle didn't open in the "interested zone", can you confirm me this?

So, this is my 1 out of 10 trades, hoping to give you guys some satisfaction in future.

EDIT : I've just noticed that I've entered at 1 H candle new HH, so, probably, I'm only luky for this one
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  • #15,653
  • Mar 24, 2021 10:58am Mar 24, 2021 10:58am
Quoting LooseMyMoney
{quote} And +11 pips for end of the day After 1 day I realized that I was really in rage yesterday and I had to close platform when I could Lesson learned Green pips to all {image}
Smart, very smart especially the last one. - in my books anyway!
Hercs.
Hercs
  • #15,654
  • Mar 24, 2021 1:36pm Mar 24, 2021 1:36pm
Quoting LooseMyMoney
{quote} + 6 pips BE + 1 triggered by price retracement, still better than SL {image}
What does test the current daily low mean to you?

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,655
  • Mar 24, 2021 2:43pm Mar 24, 2021 2:43pm
Quoting TooSlow
{quote} What does test the current daily low mean to you? Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas. {image}
I am not sure if I understand correctly but price stopped moving down test low and reversed through open so we enter long. This is classic situation for trade with very good propability.
  • #15,656
  • Mar 24, 2021 5:39pm Mar 24, 2021 5:39pm
Quoting LooseMyMoney
I am not sure if I understand correctly but price stopped moving down test low and reversed through open so we enter long. This is classic situation for trade with very good propability.
Looking at your chart. Price didn't test low until 2 and 3 candles AFTER YOU ENTERED.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,657
  • Mar 24, 2021 5:41pm Mar 24, 2021 5:41pm
Quoting NikyL
Hello everyone, I've started reading the forum and today I've made my first trade, I'll post you my chart hoping for someone who can answer my questions : A) As you can see I've entered short on the green arrow, so first try was good for me! B) I've marked (with black arrow) the zone where I think I shouldn't enter because the candle didn't open in the "interested zone", can you confirm me this? So, this is my 1 out of 10 trades, hoping to give you guys some satisfaction in future. EDIT : I've just noticed that I've entered at 1 H candle new HH,...
Welcome NikyL. As a new student of HOLO, you should not enter at B. As you progress and master the method, you will know whether or not to enter at B.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,658
  • Mar 25, 2021 2:07am Mar 25, 2021 2:07am
Quoting TooSlow
{quote} Welcome NikyL. As a new student of HOLO, you should not enter at B. As you progress and master the method, you will know whether or not to enter at B. {image}
Hello,

thank you very much, I'll post my future 9 trades hoping to enter according the rules. I'll read again the thread !
  • #15,659
  • Mar 25, 2021 2:07am Mar 25, 2021 2:07am
Quoting TooSlow
{quote} Welcome NikyL. As a new student of HOLO, you should not enter at B. As you progress and master the method, you will know whether or not to enter at B. {image}
I hope you are a scholar of Socrates, but besides that, "teach a man to fish........" so that his family can also live, seems to be something that you have either not heard before or does not subscribe to.
Hercs.
Hercs
  • #15,660
  • Mar 25, 2021 2:32am Mar 25, 2021 2:32am
Quoting TooSlow
{quote} Looking at your chart. Price didn't test low until 2 and 3 candles AFTER YOU ENTERED. {image}
Understood

Once we have space around 10 pips between HI open and current low of the day is way better to wait until PRICE will test low more deepy than in my screen.

There is one big BUT. In choppy markets PRICE tends to test open only low or touch it and in this case we will miss the trade. And it is not FOMO it is only observation from my side.



Thank you TooSlow
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