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  • #15,941
  • Oct 22, 2021 3:37am Oct 22, 2021 3:37am
Quoting Wizzlebizzle
{quote} Morning Hercs, As far as I can tell A happened before the highest open of the day. Candle B and C did not come back through the highest open. The bar after both would have been valid. Bear in mind that by the time bar C developed your probably had another higher hourly open for the day ! What are the orange areas on your charts?
Good morning, Wizz,
Thank you for replying so quickly, which is much appreciated.
The "Orange" rectangle is the HOLO indicator to make it easier for me to identify where the "AoI" is.
So, in essence, you're saying that I don't grasp this at all, Wizz?
I cannot for the life of me understand why I can't get this right as I am not a slow learner and I see the value of this method. To give up on it, will "destroy" my ethos.
Looking forward to hearing from you or anyone else for that matter, including telling me I am stupid.
Hercs.
Hercs
  • #15,942
  • Oct 22, 2021 3:47am Oct 22, 2021 3:47am
Or is this the case with me perhaps...

The donkey told the tiger: 'The grass is blue.'
The tiger replied: 'No, the grass is green.'
The discussion became heated, and the two decided to submit the issue to arbitration, and to do so they approached the lion.
Before reaching the clearing in the forest where the lion was sitting on his throne, the donkey started screaming: ′′Your Highness, isn't it true that the grass is blue?"
The lion replied: "True, the grass is blue".
The donkey rushed forward and continued: ′′The tiger disagrees with me and contradicts me and annoys me. Please punish him".
The king then declared: ′′The tiger will be punished with 5 years of silence".
The donkey jumped with joy and went on his way, content and repeating: ′′The grass is blue".
The tiger accepted his punishment, but he asked the lion: ′′Your Majesty, why have you punished me, after all, the grass is green?"
The lion replied: ′′In fact, the grass is green".
The tiger asked: ′′So why do you punish me?"
The lion replied:
That has nothing to do with the question of whether the grass is blue or green. The punishment is because it is not possible for a brave, intelligent creature like you to waste time arguing with a donkey, and on top of that to come and bother me with that question
The worst waste of time is arguing with the fool and fanatic who doesn't care about truth or reality, but only the victory of his beliefs and illusions. Never waste time on discussions that make no sense... There are people who for all the evidence presented to them, do not have the ability to understand, and others who are blinded by ego, hatred, and resentment, and the only thing that they want is to be right even if they aren’t.
When ignorance screams, intelligence shuts up. Your peace and tranquility are worth more.
Adapted from an unknown Author
Hercs
  • #15,943
  • Oct 22, 2021 5:06am Oct 22, 2021 5:06am
Quoting Hercs
{quote} Good morning, Wizz, Thank you for replying so quickly, which is much appreciated. The "Orange" rectangle is the HOLO indicator to make it easier for me to identify where the "AoI" is. So, in essence, you're saying that I don't grasp this at all, Wizz? I cannot for the life of me understand why I can't get this right as I am not a slow learner and I see the value of this method. To give up on it, will "destroy" my ethos. Looking forward to hearing from you or anyone else for that matter, including telling...
Ha not at all mate

You probably do get it. It is easy for things to get lost or misunderstood in translation on these forums.

Ah I see what the orange area represents now. It would appear it is based of the 07:00 open on your chart. If that is the case you would have to disregard any trades (based on that zone) before that time as that zone would have been drawn on a previous highest h1 open. If that orange zone is based on the 07:00 hour then there weren’t any valid trades after that hour. Can’t really tell from your chart where the previous highest h1 open would have been.

Does any of this make sense ?
  • #15,944
  • Oct 22, 2021 5:30am Oct 22, 2021 5:30am
Quoting Wizzlebizzle
{quote} Ha not at all mate You probably do get it. It is easy for things to get lost or misunderstood in translation on these forums. Ah I see what the orange area represents now. It would appear it is based of the 07:00 open on your chart. If that is the case you would have to disregard any trades (based on that zone) before that time as that zone would have been drawn on a previous highest h1 open. If that orange zone is based on the 07:00 hour then there weren’t any valid trades after that hour. Can’t really tell from your chart where...
It makes sense, yes, but also increases my frustration levels immensely. Wizz.
I have not seen any mention of what you're referring to here before, but that does not mean that it was never said. I have read and reread the PDF files and then some, but my confusion seems to get deeper and deeper. I took some advice from TS and walked away from it for a while and when I started again I thought I had it right this time, until now.
Hercs.
Hercs
  • #15,945
  • Oct 22, 2021 5:48am Oct 22, 2021 5:48am
Quoting Hercs
{quote} It makes sense, yes, but also increases my frustration levels immensely. Wizz. I have not seen any mention of what you're referring to here before, but that does not mean that it was never said. I have read and reread the PDF files and then some, but my confusion seems to get deeper and deeper. I took some advice from TS and walked away from it for a while and when I started again I thought I had it right this time, until now. Hercs.
mhm, maybe I have got it wrong then, that’s always an option xD
  • #15,946
  • Edited 12:26pm Oct 22, 2021 12:08pm | Edited 12:26pm
English is not my mother tongue, so please excuse me

I saw TS asking to share the Eureka moment. I try to write as well as i could.

the way i see 123 and HOLO is like this
actually all lines are " lines in the sand" what ever you choose it, however you choose it, is totally up to you.

Note : I trade with SNR before, different teachers different methods. Some take only the body , some take the shadows to shadows, some the range of 3 candles, some take the whole structure . some just switch to line chart and mark the obvious peaks and valleys.

Pair selection = i only trade XAU, i wait for setup to develop, if not then i just wait, if breakouts follow the momentum, if rejects follow up with reversals
Note : the best analogy i could give is fishing. I select when and where to fish. I dont know what type and how big the fish is. If lucky i got a big one, if empty handed then reset and redo. I still go fishing the next day.

Im using buy as example

Open day = this is my divider for today D1 [0], if price remain above OD focus on Buy. I live in Asia,so my day starts early. US open is at 9pm
= focus on buy untill HO forms, act accordingly
= hold any post from yesterday D1 [1] , try to let them grow, it normal for me to close all my trade on Friday; since the max swap free is valid for 5 days.

H1 [0] = this is my current open. it will be the same line even if i drop down to M1 or i just use H1. That line will be the same at what ever TF you see. Normally i stick to M15 for entry and exit. If i got stopped out for what ever reasons, reset and redo. Wait again for another setup.
= let say im looking to buy.

  1. locate H1 [0] , first i let the Price drop below H1 and im in standby mode. My entry price is H1 [0] put PO.
  2. Price went up and cuts thru H [0] , order triggered, set BE
  3. wait for next candle, adjust BE
  4. normally i place order 2-4 times a day

Note : it is the same concept when trading in SNR zone, wait for Price to go into zone,and act only after Price move away from that zone. Still they will say wait for confirmation such as englufing or cloud cover or what ever the name are. I just use HOLO 123.

Breakout = I stick to if price breaks yesterday's HiLo, then breakout valid, dont think of reversal yet. hop on the " run away train never coming back " = if Price breakouts, follow the momentum, wait for pullbacks if any.

Reversal = as mention on page #1
= on some cases, i just wait for the price cut thru recent D1 [1] high or D1 [0] high for late entry. The SL are always bigger.

My entry price will always be H1 [0], Sl will be D1 [0] Low / High


Note = If it is not a breakout, then it reversal. the reversal could be pullback. Price only move by 2 directions. Up or down. no one knows the future, we could take " educated guesses " base on history. To test, we have to trade. use 0.01 to test the idea. If it works then i get a fish. If not try again. To me this is the price i pay for testing out my idea. Cost of doing business. I could be on buy side or sell side Or i just skip this, and come back later.

Prior Eureka = i was thinkering these 2 indis. I dont know coding. I tried FF free coding service. No luck. I've learned C++ 20 years ago, i could relate but most of it i could not understand. Then ,I stopped trading for 2 month and focus on Mql while watching the chart move up and down. Test the code, edit here and there. How could i improve the codes. What the real issue with the code ? could i combine them? should I?
what do i realy need from the codes anyway? how the indi will work for me ?

Eureka = the coding is unique to the writer. what they use to get "value" and "represent" it on the chart are totally different. To edit, i must understand the concept and how the code is executed. Then only i could adjust or adapt or delete codes that are not used. What ever it is , the bottom line is," just get the job done" . trade to me are about trend, pullback, breakout and reversal momentum. i could code it as " market always moves and unique,market dont care about where your lines are"

Attached Image (click to enlarge)
Click to Enlarge Name: 7c86088f614a1f223af6457034cd22db.png Size: 98 KB
code taken from daily - weekly - monthly HiLo
i thought this is better to be at H4 for monitoring price movement. Too much info is not good for trading chart. The info is louder than the Price.
Attached Image (click to enlarge)
Click to Enlarge Name: 8c2aef67b3474f9ad64bda7cfd649497.png Size: 58 KB
taken original code from Swingman shared in FF. Done some adjustment for cleaner look and feel. Try too keep it simple and clean.


It changed my view of SNR ever since i found HOLO 123. It like "Low level format" without all the fluffy thing what ever you want to call it as
I hope this makes sense in such away
~ happy weekend guys ~
  • #15,947
  • Oct 22, 2021 3:58pm Oct 22, 2021 3:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 64 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,948
  • Oct 22, 2021 4:06pm Oct 22, 2021 4:06pm
Quoting merah678
English is not my mother tongue, so please excuse me I saw TS asking to share the Eureka moment. I try to write as well as i could. the way i see 123 and HOLO is like this actually all lines are " lines in the sand" what ever you choose it, however you choose it, is totally up to you. Note : I trade with SNR before, different teachers different methods. Some take only the body , some take the shadows to shadows, some the range of 3 candles, some take the whole structure . some just switch to line chart and mark the obvious peaks and valleys....
Thank you, merah678, for adding value to the thread. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,949
  • Oct 22, 2021 6:56pm Oct 22, 2021 6:56pm
Perfect system. Thanks a lot~
  • #15,950
  • Oct 23, 2021 9:39am Oct 23, 2021 9:39am
Who is taking the 10 trade challenge the week of OCTOBER 24, 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!

PLEASE READ ALL OF POST #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,951
  • Oct 23, 2021 3:33pm Oct 23, 2021 3:33pm
Quoting Booghie
{quote} Hi tooSlow, this basically means that the price does NOT have to make a new hi \ low, you just have to close the candle in the interval between hi \ low and h1 open and take a position in the opposite direction to hi / low, depending about our situation ???

HI Tooslow. Probably because of the differences in language, I find, reading from the thread, that I do not understand certain aspects. To the above question, the answer was "Yes, Mate, that sounds right. Cheers!"
So, one of the conditions is that m15 does not make a hi / low. But, as I read the thread, I discover images with entries, in which the m15 candle made a high and your comment was "Stop moved to BE + 5", on page 63. As far as I understand, you took the position even though the candle made a high.
So what do I miss?

Attached Image (click to enlarge)
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  • #15,952
  • Oct 25, 2021 6:35am Oct 25, 2021 6:35am
1. EU SL
Attached Image (click to enlarge)
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  • #15,953
  • Oct 25, 2021 8:57am Oct 25, 2021 8:57am
First trade was High of the Day sell that got stopped out. Second trade was new high of the day that panned out. However, I got in a little late, moved to BE+1 at 5pips but closed out at 10 pips ... the trade had a more to go but ... went with the plan.
Attached Image (click to enlarge)
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  • #15,954
  • Oct 25, 2021 10:30am Oct 25, 2021 10:30am
so, after going back and reading through the visual guide starting at page #136, post #2714...I don't believe this was a good trade because there was no (15m) open within the area of interest between the new daily high and the highest open for the day.
  • #15,955
  • Oct 26, 2021 3:09am Oct 26, 2021 3:09am
After reading a little more, I found that there are two types of breakouts. One for daily high and low lows and one for previous daily highs and lows.
But here are other questions: What does it mean to trade carefully? What should I pay attention to in the trading decision?
If I just don't trade those breakouts, is that okay?
  • #15,956
  • Oct 26, 2021 6:17am Oct 26, 2021 6:17am
2. E/U SL
Attached Image (click to enlarge)
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  • #15,957
  • Oct 26, 2021 5:47pm Oct 26, 2021 5:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 26OCT21.PNG Size: 11 KB
was distracted...but got into this new high of the day trade late...trade went into profit 5+ pips...moved stop to BE + 1.3 pips ... price move back and stopped out the trade. Would have been a good trade if I had entered at/near the open of the current bar...

"A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar."
  • #15,958
  • Oct 27, 2021 4:51pm Oct 27, 2021 4:51pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,959
  • Oct 28, 2021 9:03am Oct 28, 2021 9:03am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,960
  • Oct 28, 2021 9:04am Oct 28, 2021 9:04am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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