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Highest Open / Lowest Open Trade

  • #16,021
  • Dec 15, 2021 1:23am Dec 15, 2021 1:23am
Quoting andys0506
This thread has been going for years, but is anyone actually making money with this long term? I have built an EA for testing this method and it is not profitable...
9 months with this method and I am in green numbers... and do you know what is the best? As you get more experience trading it and more confident with it you could make more profit.

What about try it by yourself by taking 10 trade challenge? We cannot make money for you only you could do it. Change your attitude and move forward. You will se results later.

Take is as advise not as hate. (What is wrong with pople? Stop looking for shortcuts and give it a try at least...)
  • #16,022
  • Dec 15, 2021 5:50am Dec 15, 2021 5:50am
Quoting LooseMyMoney
{quote} 9 months with this method and I am in green numbers... and do you know what is the best? As you get more experience trading it and more confident with it you could make more profit. What about try it by yourself by taking 10 trade challenge? We cannot make money for you only you could do it. Change your attitude and move forward. You will se results later. Take is as advise not as hate. (What is wrong with pople? Stop looking for shortcuts and give it a try at least...)
by no means am I trying to be a dick here. Full respect to TS and others here. I think the discretion around how to manage the trade, ie when to TP is the factor here that separates winners from losers.

Oh and btw, building and fully testing an EA is not a quick shortcut by any mean!
  • #16,023
  • Dec 15, 2021 7:00am Dec 15, 2021 7:00am
Quoting andys0506
{quote} by no means am I trying to be a dick here. Full respect to TS and others here. I think the discretion around how to manage the trade, ie when to TP is the factor here that separates winners from losers. Oh and btw, building and fully testing an EA is not a quick shortcut by any mean!
You could make money both ways but it was mentioned mayn times that EA is not work for this.

It is not about TP it is also to avoid strong momentum and that is all. WAITING is the hardest part.

Take care
  • #16,024
  • Dec 15, 2021 9:18am Dec 15, 2021 9:18am
Quoting LooseMyMoney
{quote} You could make money both ways but it was mentioned mayn times that EA is not work for this. It is not about TP it is also to avoid strong momentum and that is all. WAITING is the hardest part. Take care
And what better to wait than an automated system - no human error there. So tell me, other than "be careful during a breakout", how are you deciding when to wait and when to enter?
  • #16,025
  • Dec 15, 2021 9:33am Dec 15, 2021 9:33am
anyway, I'm off now. Continue the good efforts
  • #16,026
  • Dec 15, 2021 9:33am Dec 15, 2021 9:33am
Quoting andys0506
{quote} And what better to wait than an automated system - no human error there. So tell me, other than "be careful during a breakout", how are you deciding when to wait and when to enter?
WAITING. After the price nears its usual daily range/ATR, a reversal is likely to happen sometime later. Wait for that to happen. Look at an H4 chart. How many times does the H4 bar make another new daily high/daily low following the previous H4 that made a new daily high/daily low?

Another way to look at it, there are 6 H4 bars each day. How many times does the last H4 bar make the daily high/daily low? What about the next to last H4 bar? Can you now see what to wait for?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,027
  • Dec 15, 2021 10:09am Dec 15, 2021 10:09am
Quoting TooSlow
{quote} WAITING. After the price nears its usual daily range/ATR, a reversal is likely to happen sometime later. Wait for that to happen. Look at an H4 chart. How many times does the H4 bar make another new daily high/daily low following the previous H4 that made a new daily high/daily low? Another way to look at it, there are 6 H4 bars each day. How many times does the last H4 bar make the daily high/daily low? What about the next to last H4 bar? Can you now see what to wait for?
Wow...all you guys out there. Pay attention here. This is the most I have ever known TS to open up about his own personal way of seeing the big picture on HOLO. I am pretty sure HAL will back me on this. Valid for 1-2-3 as well, probably even more so. Honestly - this is as close to being handed the recipe for The Secret Sauce as you are ever likely to get. Use it wisely.
  • #16,028
  • Dec 15, 2021 11:46am Dec 15, 2021 11:46am
Quoting lemercenaire
{quote} Wow...all you guys out there. Pay attention here. This is the most I have ever known TS to open up about his own personal way of seeing the big picture on HOLO. I am pretty sure HAL will back me on this. Valid for 1-2-3 as well, probably even more so. Honestly - this is as close to being handed the recipe for The Secret Sauce as you are ever likely to get. Use it wisely.
And the answer is.....correct
  • #16,029
  • Dec 16, 2021 1:11am Dec 16, 2021 1:11am
Hi Bro, TooSlow this Valid Entry Yez Or Not thankx I am New Here
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  • #16,030
  • Dec 16, 2021 3:13am Dec 16, 2021 3:13am
Quoting TooSlow
{quote} WAITING. After the price nears its usual daily range/ATR, a reversal is likely to happen sometime later. Wait for that to happen. Look at an H4 chart. How many times does the H4 bar make another new daily high/daily low following the previous H4 that made a new daily high/daily low? Another way to look at it, there are 6 H4 bars each day. How many times does the last H4 bar make the daily high/daily low? What about the next to last H4 bar? Can you now see what to wait for?
Interesting

I use this method in totaly different manner. Thank you that you shared your thoughts very interesting. Two traders, same methods, different usage
  • #16,031
  • Dec 16, 2021 5:01pm Dec 16, 2021 5:01pm
Quoting LooseMyMoney
{quote} Interesting I use this method in totaly different manner. Thank you that you shared your thoughts very interesting. Two traders, same methods, different usage
Please explain how you use it.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,032
  • Dec 16, 2021 5:40pm Dec 16, 2021 5:40pm
Trade #4
UJ short BE+1
Attached Image (click to enlarge)
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Wow! I've got some experience to gain.
  • #16,033
  • Dec 17, 2021 4:00am Dec 17, 2021 4:00am
Quoting TooSlow
{quote} Please explain how you use it.
I usually trade EUR and GBP against USD in London session. In these times price usually do not get near to ATR/ADR values so I ignore that totally, Also even I do check H4 bars but only for FREIGHT TRAIN not as your explanation. Actually I do not understand your explanation properly.

Instead of that I watch PRICE and waiting until it tests HIGH/LOW of the current day and open trade once cross H1 lowes/highest open of the day. These simple set up I use only in days when PRICE ranges a lot. IF there are signs of market expansions H1 breakout/ previous day HIGH/LOW brekout. IF price bounce from today or previous day OPEN and etc I usually wait for 1-2-3 set up where PRICE test high then bounce from H1 lowest/highest OPEN fail to create new high (1-2-3 ) and after all of that I enter trade once PRICE cross OPEN.

I am not sure if this is more clearer. I could provide some screens if needed

Trade safe

Regards
  • #16,034
  • Dec 17, 2021 10:04am Dec 17, 2021 10:04am
Quoting LooseMyMoney
{quote} I usually trade EUR and GBP against USD in London session. In these times price usually do not get near to ATR/ADR values so I ignore that totally, Also even I do check H4 bars but only for FREIGHT TRAIN not as your explanation. Actually I do not understand your explanation properly. Instead of that I watch PRICE and waiting until it tests HIGH/LOW of the current day and open trade once cross H1 lowes/highest open of the day. These simple set up I use only in days when PRICE ranges a lot. IF there are...
That is the 1-2-3 method!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,035
  • Dec 17, 2021 11:47am Dec 17, 2021 11:47am
Quoting TooSlow
{quote} That is the 1-2-3 method!

Unless that high or low printed more than an hour ago, right?
Wow! I've got some experience to gain.
  • #16,036
  • Dec 17, 2021 1:33pm Dec 17, 2021 1:33pm
Quoting Lawnman
{quote} Unless that high or low printed more than an hour ago, right?
It's the Highest High or the Lowest Low of the Day that you read and play off of.

Note: Not the trading day - the actual day. Midnight to midnight.
  • #16,037
  • Dec 17, 2021 9:20pm Dec 17, 2021 9:20pm
Who is taking the 10 trade challenge the week of DECEMBER 19, 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
  • #16,038
  • Dec 19, 2021 9:01pm Dec 19, 2021 9:01pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,039
  • Dec 22, 2021 10:46am Dec 22, 2021 10:46am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,040
  • Dec 25, 2021 11:39am Dec 25, 2021 11:39am
Who is taking the 10 trade challenge the week of DECEMBER 26, 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
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