Attachments: Highest Open / Lowest Open Trade

Highest Open / Lowest Open Trade

#16,701
Jun 20, 2022 12:03pm Jun 20, 2022 12:03pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,321 Posts | Online Now

Quoting nonibadsha

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{quote} What is the actual difference? If by the rules we should avoid trades where a H1 bar has made a new high/low and then wait for the next H1 bar before we can enter from the AOI, then does this not become a 1-2-3 trade? What makes HOLO unique. Would really appreciate something with an example. Thanks.

Ignored

Sometimes a HOLO is a 123.
Sometimes a 123 is a HOLO.
That is why separate threads.

What is the actual difference? HINT: When can't you trade a HOLO and when can't you trade a 1-2-3?

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.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#16,702
Edited 12:40pm Jun 20, 2022 12:18pm | Edited 12:40pm

nonibadsha
Joined Jul 2015 | Status: Trader | 233 Posts

Quoting TooSlow

Disliked

{quote} Sometimes a HOLO is a 123. Sometimes a 123 is a HOLO. That is why separate threads. What is the actual difference? HINT: When can't you trade a HOLO and when can't you trade a 1-2-3? 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.

Ignored

HINT: When can't you trade a HOLO and when can't you trade a 1-2-3?

Are you referring to the AOI?
With HOLO an M1, M5, M15 bar must open in the are of interest.
With 1-2-3 we enter once price crosses the open of the current bar.

#16,703
Jun 20, 2022 12:53pm Jun 20, 2022 12:53pm

lbtrader
| Joined Jul 2009 | Status: Trader | 673 Posts

Quoting nonibadsha

Disliked

{quote} HINT: When can't you trade a HOLO and when can't you trade a 1-2-3? Are you referring to the AOI? With HOLO an M1, M5, M15 bar must open in the are of interest. With 1-2-3 we enter once price crosses the open of the current bar.

Ignored

Both have AOI, the HOLO AOI is between the new H1 open price and the high/low of the day, 1-2-3 AOI is between the current candle open price and the high/low of the day. You cannot trade HOLO if a new high/low is formed, you cannot trade 1-2-3 if the current candle breaches the high/low.

#16,704
Jun 20, 2022 1:11pm Jun 20, 2022 1:11pm

nonibadsha
Joined Jul 2015 | Status: Trader | 233 Posts

Quoting lbtrader

Disliked

{quote} Both have AOI, the HOLO AOI is between the new H1 open price and the high/low of the day, 1-2-3 AOI is between the current candle open price and the high/low of the day. You cannot trade HOLO if a new high/low is formed, you cannot trade 1-2-3 if the current candle breaches the high/low.

Ignored

You cannot trade HOLO if a new high/low is formed, you cannot trade 1-2-3 if the current candle breaches the high/low.
The above is saying the same thing for both methods.
Regardless of method, if a new high/low is formed, we do not trade.

#16,705
Jun 20, 2022 1:15pm Jun 20, 2022 1:15pm

lbtrader
| Joined Jul 2009 | Status: Trader | 673 Posts

Quoting nonibadsha

Disliked

{quote} You cannot trade HOLO if a new high/low is formed, you cannot trade 1-2-3 if the current candle breaches the high/low. The above is saying the same thing for both methods. Regardless of method, if a new high/low is formed, we do not trade.

Ignored

yes, the difference is the entry, for one it's the highest/lowest open price (which could be next candle or several candles later if you go to lower TF), for the other it's the current candle open price. And for the HOLO you can trade lower TF, but not 1-2-3, only the hourly candle.

#16,706
Jun 20, 2022 1:32pm Jun 20, 2022 1:32pm

nonibadsha
Joined Jul 2015 | Status: Trader | 233 Posts

Quoting lbtrader

Disliked

{quote} yes, the difference is the entry, for one it's the highest/lowest open price (which could be next candle or several candles later if you go to lower TF), for the other it's the current candle open price. And for the HOLO you can trade lower TF, but not 1-2-3, only the hourly candle.

Ignored

Isn't that, what I said in my post above? lol

https://www.forexfactory.com/thread/...2#post14038792

Well.. It's what I meant.. Maybe I could have said it a little different.. Hahaha

#16,707
Jun 20, 2022 1:52pm Jun 20, 2022 1:52pm

TheZenienss
| Commercial User | Joined Sep 2020 | 519 Posts

It is a very interesting video:

Inserted Video

#16,708
Edited 3:50pm Jun 20, 2022 1:53pm | Edited 3:50pm

lbtrader
| Joined Jul 2009 | Status: Trader | 673 Posts

Quoting nonibadsha

Disliked

{quote} Isn't that, what I said in my post above? lol https://www.forexfactory.com/thread/...2#post14038792 Well.. It's what I meant.. Maybe I could have said it a little different.. Hahaha

Ignored

There's a big difference between the two, in HOLO if a new H1 high or low is formed the next H1 will open at the close of the previous candle ( so a new H1 higher /lower open = a new entry price) unless there's a gap down or up that makes it open at the exact price of the previous candle (how frequently do you have those? and even then the next candle will open at the close of the latest, so back to the same problem)
with 1-2-3 you only need the next H1 candle to open below/above the high/low then go in that direction but not breach it and then come back where is started.

#16,709
Jun 20, 2022 7:38pm Jun 20, 2022 7:38pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

Quoting TooSlow

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{quote} "Tiny Thought Humans are animals. The word “animal” is important because animals are biologically wired to be hierarchical. I believe that we often unconsciously rearrange the world into arbitrary hierarchies to make sense of the world, maintain our beliefs, and feel better. My first memory of doing this was working in a grocery store when I was 16. One particular regular customer would come into the store and treat everyone who worked there poorly. He’d drive up in his fancy car, park it illegally outside, and run in to get something. He'd...

Ignored

This is definitely a way to look at it. Unfortunately, it's not real.

"Real" = Something that does not require methods of popular psychology to justify any insinuation that one thing is based on another thing. "Pop" psychology is full of assumptions and is mainly based on assertions from the previous 300yrs (or so) of "filling a gap" in society's need to explain away its troubles. If one wants to truly understand something go to its roots. There you create an anchor on all sides. So what is in that quote is PART of something but I would very seriously caution someone to 'use it' as any way to discern or describe anything real (as a totality of appreciating something).

As for any reference to me here, people who will not make the sacrifice to learn, end up saying things they do not understand and try to outsource their problems. We also see this in those people for eg on this site and others, who keep going from one thread to the next, from one indicator to the next, from one EA to the next ...... instead of simply locking their room's door and actually doing the work. For me, yes I learned from others but they gave nothing for free (money doesn't pay for everything) and left NOTHING on the table towards asking ME questions that MADE me extremely uncomfortable and made me think as if my life depended on it. And at times my job was as risk in certain scenarios because they genuinely wanted me to LEARN and sometimes there needs to be a little stress driving that change. There was no personal agenda and therefore all cards were on the table. They KNEW the world was going to change and so being flexible, adaptive and knowing how to think for yourself was understood to be of PARAMOUNT importance at all times.

Anything to do with superiority-inferiority, good-bad and all the rest, is thinking on a very unhealthy level. And it shows an absence of depth.

Therefore making the unconscious .... conscious, is not really a process at all. It's more than that. It needs to be a way of Life.

As for overlap of strategies - if you do not look at each strategy and pop the hood, then you cannot learn - what is same, similar, different and opposite about each. If there is confusion about the when, where and why of each one's use, then perhaps you need to look at the common denominators of each. But to do this you'll have to let go of your addiction to a "strategy" and actually be ready to learn something that doesn't come with a list of "boundaries". A real problem for those people who "just wanna make some money". Hehehehe.

Toodles.

Peter

Real Trading is not gambling.

#16,710
Jun 20, 2022 8:05pm Jun 20, 2022 8:05pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

Quoting TheZenienss

Disliked

It is a very interesting video: https://youtu.be/XbL5Tmf_pLk

Ignored

It is and can be. But I sense most people these days are far too literal and even more so with this type of video and content. If I was to say here, that I knew Mark well enough to know, as he did then, that many people would not understand the context of what he's talking about..... Many will assume that he is saying "to trade like a robot". But that simply is not true, is not accurate. Pushing the button for buy or sell, is merely part of a process but it is the over-standing knowledge that operates in the background that does everything. This is why people misinterpret Mark here. He's not saying build an EA, or trade robotically, suppressing/disconnecting your feelings and emotions. Nor is he saying that you should only focus on the totality of trade numbers. Something he said to me and others at one point, was this - "I wish I had more time to expand on everything I wanted to say in those presentations." I think I left a few words out but that's basically what he said to us. He did NOT have unlimited time to get "out there" what he wanted to say, He was pressured and pushed. And so now people are left to infer what they think it all meant.

Eg. - When I send an order to market, I do not "not feel anything" or try to ignore or "force" something to happen or not happen. I am relaxed because I am in the knowledge of EVERY trade order and EVERY setup AND all trade orders AND all setups. This is not about predicting something, it's about paying attention. What Mark is talking about here re: total trades and focusing on the total % outcome is merely the stepping stone to another type of use of probabilities and percentages etc. Not something to explore here but it does exist. So yes indeed one can learn a lot from this video and what it is saying if the person keeps in mind the context used.

Peter

Real Trading is not gambling.

#16,711
Jun 20, 2022 10:40pm Jun 20, 2022 10:40pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,321 Posts | Online Now

Quoting PeterCaleb

Disliked

{quote} This is definitely a way to look at it. Unfortunately, it's not real. "Real" = Something that does not require methods of popular psychology to justify any insinuation that one thing is based on another thing. "Pop" psychology is full of assumptions and is mainly based on assertions from the previous 300yrs (or so) of "filling a gap" in society's need to explain away its troubles. If one wants to truly understand something go to its roots. There you create an anchor on all sides. So what is in that quote is PART of something but I would...

Ignored

https://www.forexfactory.com/attachm...3?d=1655775078

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade