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Highest Open / Lowest Open Trade

  • #16,621
  • Jun 15, 2022 1:37pm Jun 15, 2022 1:37pm
Quoting TooSlow
{quote} Are you checking the WARNING message?
No, I was ignoring that as I saw a lot of successful trades even with the WARNING message displayed.

From now on I will start ignoring all signals with WARNING displayed.

@TooSlow: thanks one more time for the tip!!!

Let's see... hope it makes a difference
  • #16,622
  • Jun 15, 2022 1:39pm Jun 15, 2022 1:39pm
trade 32

win 8.4 pips
Attached Image(s) (click to enlarge)
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  • #16,623
  • Edited 2:43pm Jun 15, 2022 1:45pm | Edited 2:43pm
Quoting TheZenienss
trade 31 loss 7.7 pips {image} {image}
Sorry for your losses today, but TS is right. UJ was clearly like a downhill runaway train from the start of the Asian session. I only took one HoLo trade just now thinking that it was time for the reversal, it started well then crazy S$@& happened and price went up and triggered my 10 pip TP which I already placed, then it went down and up like a yo-yo, hit the daily pivot in 30 seconds. I saw that candle reaching there so I placed a sell limit which was triggered and my profit was the middle of that candle. So one HoLo and one opportunity trade.
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it was round the time of Powell's announcement.
  • #16,624
  • Jun 15, 2022 2:40pm Jun 15, 2022 2:40pm
Quoting lbtrader
{quote} Sorry for your losses today, but TS is right. UJ was clearly like a downhill runaway train from the start of the Asian session. I only took one HoLo trade just now thinking that it was time for the reversal, it started well then crazy S$@& happened and price went up and triggered my 10 pip TP which I already placed, then it went down and up like a yo-yo, hit the daily pivot in 30 seconds. I saw that candle reaching there so I placed a sell limit which was triggered and my profit was the middle of that...
FOMC statement.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,625
  • Jun 15, 2022 8:22pm Jun 15, 2022 8:22pm
Quoting TooSlow
{quote} Peter: Each generation builds on the previous generations. Otherwise, the wheel would have to be reinvented. We all have the same "bricks" with MT4. When you show your chart, you are showing us the result of how you stacked your "bricks" but you are not showing us how to stack the "bricks". Some traders may be able to reverse engineer your chart and assemble a template that matches yours. Think of all the time they may have to spend doing that. What about those traders who aren't that adept? One thing that would make this strategy stop working...


Please refer here first ....

https://www.forexfactory.com/thread/...9#post14034239

Here is the problem. You are speaking as a person who is the result of being on sites like this. That is clear. A person who learns wants more than just their own "result". For me I come from the real world where you do not ask some anonymous person "What should I do with my money?" No. You do you own work. From start to finish. And yes I appreciate the fact that some people here are not serious about their trading, however, everything I say is aimed at the real person who will or is using real money in the real world. Not hobbyists.

I would say the last thing you spoke of re: this strategy and Life is rather naive. But that's just me.

As for people and being adept or inept...... both positions are their choice ALWAYS and only ever their responsibility. No one else's. If you take that away from someone or forcibly remove it from their situation or process, you have nothing but a child with an entitlement mindset, similar to an only child. So yes to some I may seem rough or cruel or the things I say may seem useless or pointless, but in real life they are not. They couldn't be MORE useful or important.


Peter
Real Trading is not gambling.
  • #16,626
  • Jun 15, 2022 8:50pm Jun 15, 2022 8:50pm
Quoting TooSlow
{quote} Once upon a time, there was a wise Zen master. People traveled from far away to seek his help. In return, he would teach them and show them the way to enlightenment. On this particular day, a scholar came to visit the master for advice. “I have come to ask you to teach me about Zen,” the scholar said. Soon, it became obvious that the scholar was full of his own opinions and knowledge. He interrupted the master repeatedly with his own stories and failed to listen to what the master had to say. The master calmly suggested that they should...


Let's be clear about something ...... what I see a lot is the relinquishing of personal responsibility of each trader and replacing it with group think, a way to colonize a person's mind. This is what I will put in print here and now - this is not a modern person's thinking or strategy. It has existed for hundreds or thousands of years. digitized price charts on the other hand, is rather new. It merely reflects "certain things" but is not historically fundamental to markets.

I have seen this strategy many places, given many names.

People new to trading should never start with a strategy. Why? It's naive and creates disadvantage from the beginning. So what I said re: where I would start is not based on "personal flavor" it is based on learning something a strategy cannot teach and THEN applying it to what the price graph displays.. Therefore if a person is making observations LONG before seeking a strategy, then they do not "need" anonymous "help". They learn to trust in themself and their abilities and skills.

Unfortunately for the example of zen master and scholar, the assumption is that someone has to be "one or the other only". The issue here re: me, is not whether I "know it all" but whether I will bend to social trading's idea of the real world. Sorry cannot happen. Memes and circular ideas cannot help someone learn. it simply shows that "modern thinking" has lost touch with reality in the real world.

The "ownership" of this strategy runs back to times before AD.

This is stuff people need to know if they actually live in the real world and not through some virtual presence.

No strategy requires hundreds or thousands of pages to be written if it is in fact a learning tool. If it's not then it is easy to see what is going on.


Happy trading ad learning.


Peter
Real Trading is not gambling.
  • #16,627
  • Jun 15, 2022 11:38pm Jun 15, 2022 11:38pm
Quoting PeterCaleb
{quote} Please refer here first .... https://www.forexfactory.com/thread/...9#post14034239 Here is the problem. You are speaking as a person who is the result of being on sites like this. That is clear. A person who learns wants more than just their own "result". For me I come from the real world where you do not ask some anonymous person "What should I do with my money?" No. You do you own work. From start to finish. And yes I appreciate the fact that some people here are not serious about their trading, however, everything...
If there is a problem it is discussing and insulting people rather than keeping on topic about trading. That is something that occurs far too often on trading forums.

If you have something specific to teach us about how to improve HOLO then go ahead and share it.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,628
  • Jun 16, 2022 3:52am Jun 16, 2022 3:52am
GBPUSD TS +23.
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  • #16,629
  • Jun 16, 2022 4:20am Jun 16, 2022 4:20am
GBPCHF TS +17.
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  • #16,630
  • Jun 16, 2022 4:26am Jun 16, 2022 4:26am
Quoting TooSlow
{quote} If there is a problem it is discussing and insulting people rather than keeping on topic about trading. That is something that occurs far too often on trading forums. If you have something specific to teach us about how to improve HOLO then go ahead and share it.


The same problem as usual. You cannot separate people from trading. If you and I were talking one on one in person I would say the same things.

Simple motto = Learn or do not learn. Naturally Objective or closed off and opinions and beliefs only.


Attached Image (click to enlarge)
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This strategy is as good as any strategy. As some would see, some moves off the previously set low or high do not move too far. Here is where one needs to decide .... Am I a speculator or something more substantial?

Every time you think you've worked out this strategy, look back on the above diagram. And then assume you have not worked it out. Then write down the area of your thinking that you think is trying to work out how to do it. If it's too analytical then try being more creative. And vice versa. This is what you have to do in real life so you can generate contingency plans.

When you do hard work you need to have a thick skin.


Peter
Real Trading is not gambling.
  • #16,631
  • Edited 7:50am Jun 16, 2022 7:04am | Edited 7:50am
XAUUSD TS +17
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  • #16,632
  • Jun 16, 2022 7:17am Jun 16, 2022 7:17am
USDCAD TS +15
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  • #16,633
  • Jun 16, 2022 7:50am Jun 16, 2022 7:50am
EURNZD TS +6
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  • #16,634
  • Jun 16, 2022 8:31am Jun 16, 2022 8:31am
Quoting nonibadsha
EURNZD TS +6 {image}
Way to go nonibadsha. Trailing your stop seems to be doing the job.
  • #16,635
  • Jun 16, 2022 9:23am Jun 16, 2022 9:23am
Quoting lbtrader
{quote} Way to go nonibadsha. Trailing your stop seems to be doing the job.
Yes.. Thanks.. Experimenting to see what works best.
Although the tight trailing stops take me out much earlier, especially when some of the moves run for 100's.
  • #16,636
  • Jun 16, 2022 11:37am Jun 16, 2022 11:37am
Quoting nonibadsha
{quote} Yes.. Thanks.. Experimenting to see what works best. Although the tight trailing stops take me out much earlier, especially when some of the moves run for 100's.
you are right !!!! that is why i had so many wins with only 1 pip.
  • #16,637
  • Jun 16, 2022 11:38am Jun 16, 2022 11:38am
today is being very slow..... not so many trades because I am ignoring those signal with WARNINGS msgs...
  • #16,638
  • Jun 16, 2022 11:39am Jun 16, 2022 11:39am
trade 33

loss 3.8 pips
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  • #16,639
  • Jun 16, 2022 11:40am Jun 16, 2022 11:40am
trade 34

loss 16.7 pips
Attached Image(s) (click to enlarge)
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  • #16,640
  • Jun 16, 2022 12:35pm Jun 16, 2022 12:35pm
Quoting TheZenienss
trade 34 loss 16.7 pips {image} {image}
May I suggest when you see such a downtrend from the early morning to try and take sell signals rather than buy signals, I know it is not possible to tell when the bottom is reached and the reversal begins, but when you get an H1 lower open after a long downtrend let the first one or two entries pass. you will find they often trigger your buy stop and then reverse to make a new low.
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