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Highest Open / Lowest Open Trade

  • #16,181
  • Mar 23, 2022 11:36am Mar 23, 2022 11:36am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,182
  • Mar 23, 2022 11:36am Mar 23, 2022 11:36am
Quoting Cehraphaim
Hi, First trade on USDJPY I think I respected all the rules. Except the trade size but it's in demo. {image}
Welcome to the thread. Demo is for practice with the buttons. Trade the smallest possible size with real money to learn how to trade. You have to get wet in order to learn how to swim.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,183
  • Mar 23, 2022 11:43am Mar 23, 2022 11:43am
Quoting PeterCaleb
{quote} {image}{image} Since markets do what is needed, they don't always make a highest high or lowest Low each and every day. So an accumulated total of days is needed. I find 3 is enough. You'll see your market transition, or continue through this process without stress. Then mark the internal highs and lows situated within the limits of these highs/lows. Now you can superimpose the HOLO approach. Most people (And I do mean literally, most) have no idea how to use basic tools, expecting "new" to work "better" etc. I use daily rollover as a guide...
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,184
  • Edited 7:56am Mar 24, 2022 4:39am | Edited 7:56am
I prepared a new trade.
I missed the previous signal I wasn't on my workstation yet
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Trade opened
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And closed at BE +1!
  • #16,185
  • Mar 24, 2022 6:41am Mar 24, 2022 6:41am
Quoting TooSlow
{quote} {image}

Real Trading is not gambling.
  • #16,186
  • Mar 25, 2022 4:46am Mar 25, 2022 4:46am
New winning trade today

So far so good, nice and simple method
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  • #16,187
  • Mar 27, 2022 4:12pm Mar 27, 2022 4:12pm
Who is taking the 10 trade challenge the week of March 27, 2022?

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
  • #16,188
  • Mar 28, 2022 10:26am Mar 28, 2022 10:26am
Nothing to do on M15 today
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  • #16,189
  • Mar 29, 2022 9:02am Mar 29, 2022 9:02am
*key
verticle lines:
1.3am open
2.5am open
3.6:30am open
4.7amopen
-----------
horozontal lines:
1.white: Lowest open on hourly chart at 3am
2.red: Lowewst open on 15min chart at 5am
3.purple: Lowewst open on 15min chart AT 630 AM
4>gold: "00" quarter levels
5>aqua: 25/75 quarterlevels
6>orange dotted: Adr rangle low from prev. Day high open on hourly chart

summary: Aiming to enter at high or low open of current day, only entering positions only after 6:30 am open.
In this case 6:30 made the lowest open of current trade day.
Buy signal is triggered from low open for 40 pip tp
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  • #16,190
  • Apr 1, 2022 12:44pm Apr 1, 2022 12:44pm
Quoting TooSlow
{image}
Good afternoon TooSlow, thank you for this thread and for keeping it going for such a long time. I just found it a couple of days back and been going thru the earlier threads. I was trying to analyse your earlier images however its very difficult to go back in time on the M15 and M5 (I think impossible for me as I do not have data that go back that long except on higher TF) so FF>> to the most recent posts and I found that your chart starts 1 hour later than mine and the H1 open is 1 hour later (down arrow). Is it my server? and does it change any of the new low or new high that occur later?
Thanks.
Attached Image (click to enlarge)
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  • #16,191
  • Apr 2, 2022 8:20am Apr 2, 2022 8:20am
Quoting lbtrader
{quote} Good afternoon TooSlow, thank you for this thread and for keeping it going for such a long time. I just found it a couple of days back and been going thru the earlier threads. I was trying to analyse your earlier images however its very difficult to go back in time on the M15 and M5 (I think impossible for me as I do not have data that go back that long except on higher TF) so FF>> to the most recent posts and I found that your chart starts 1 hour later than mine and the H1 open is 1 hour later (down arrow). Is it my server? and does it...
Welcome to the thread. The difference in start time should have little to no effect on your trading. You might want to download the latest version of the HOLO indicator: https://www.forexfactory.com/thread/...6#post13921836. The one you are using appears to be an earlier version.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,192
  • Apr 2, 2022 8:24am Apr 2, 2022 8:24am
Who is taking the 10 trade challenge the week of April 3, 2022?

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
  • #16,193
  • Edited 11:08am Apr 2, 2022 9:41am | Edited 11:08am
Quoting TooSlow
{quote} Welcome to the thread. The difference in start time should have little to no effect on your trading. You might want to download the latest version of the HOLO indicator: https://www.forexfactory.com/thread/...6#post13921836. The one you are using appears to be an earlier version.
Thank you TS for your reply and reference, however I am using the same version as the one you referred me to, The reason it appears in my picture like that with only one line at the open is because your chart was on the 23rd of March and it will not draw all the lines except for the current and the previous day. I managed to download a template from earlier posts it shows in the object lists items that appear on your charts but not on mine. I presume those are for indicators that I do not have. I would be grateful if you point me to the source so I can see at a glance and be able to switch pairs and TF as in your charts?
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  • #16,194
  • Edited 11:11am Apr 2, 2022 10:00am | Edited 11:11am
Quoting TooSlow
Who is taking the 10 trade challenge the week of April 3, 2022? 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
I would like to try and take the challenge, however I have three trades before the challenge so they don't qualify as they are three different synthetic assets, but would appreciate your comments and criticism. I tried to emulate MichaelG's steps (thank you MG for the clear illustrations, I hope I grasped some of what you tried to convey).
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  • #16,195
  • Edited 6:06am Apr 4, 2022 1:21am | Edited 6:06am
Attached Image (click to enlarge)
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EURJPY chart
  • #16,196
  • Apr 4, 2022 7:07am Apr 4, 2022 7:07am
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  • #16,197
  • Apr 4, 2022 9:17am Apr 4, 2022 9:17am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,198
  • Apr 4, 2022 9:17am Apr 4, 2022 9:17am
Quoting PeterCaleb
If I was learning this strategy from start, I would have a H1 chart with daily rollover marked. Day to day separator. From first open price of daily rollover, draw a very steep trend line up and one down. Almost vertical. The only other thing the market can do from there is go sideways til it gets bid down or it gets pushed up. Then mark the 3 days previous biggest highs and lows. NOW, bring in your template for HOLO and now just look. Successful trading is about opportunity seen before during after. Now look at your chart and list ALL the things...
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,199
  • Edited 9:49am Apr 4, 2022 9:23am | Edited 9:49am
Check this rollercoaster ride!!
Bar A opened the gambit with a new H1 Low
Bar B opens in the AOI however it makes a new low so not valid
Bar C makes a newer daily low so the AOI now is bigger
Bar D opens in the new AOI and closes inside so it is valid, buy stop order placed on the line + spread, SL at the low
Bar E triggers the buy and retreats back to the AOI .....s**t....
Finally the trade takes off with bar F
Bar G retests the H1 low wtf.... finally BE +1
Bar H +5 pips in the bag
Bar I SL triggered +10 ... well....
Attached Image (click to enlarge)
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  • #16,200
  • Apr 4, 2022 10:15am Apr 4, 2022 10:15am
Number 4 today
Stopped me at BE +5 then reversed. The same H1 low held for the past two hours, two opportunities presented from the same AOI )
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