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Highest Open / Lowest Open Trade

  • #16,761
  • Jun 22, 2022 11:42am Jun 22, 2022 11:42am
Quoting nonibadsha
@Cehraphaim.. Here is an example of my CADJPY trade. I just closed it at -8 pips. It did not go in the intended direction but I also did not wait for the bigger stop to trigger at 13 pips. {image}
There were two bearish candlestick patterns that may have alerted you that this trade will fail (pinbar at the H1 open and two bull 2 bear sequence), to me they're sell signals not buy.
  • #16,762
  • Jun 22, 2022 11:45am Jun 22, 2022 11:45am
Quoting TheZenienss
trade 61 loss 16.8 pips {image} {image}
again, that's a big bearish engulfing candle right after your entry, get out!!
  • #16,763
  • Jun 22, 2022 11:54am Jun 22, 2022 11:54am
Quoting nonibadsha
{quote} Doesn't look like a HOLO trade
correct, it looks like boasting . it should not be posted here, and if you do then it should be mentioned clearly NOT HOLO or NOT BY THE RULES.
I got 4 winning Gold trades today, but they're not HOLO as I'm using a different method altogether, so better not post them and confuse people.
  • #16,764
  • Jun 22, 2022 11:59am Jun 22, 2022 11:59am
Quoting nonibadsha
Missed opportunity on Gold.. Never mind.. Wait for the next one. {image}
you could use other entry strategies, you don't have to wait for HOLO here. Gold has been having major swings lately, it would be a shame if you miss out on them as they're profitable almost immediately and they don't stall like currency pairs do most of the time
  • #16,765
  • Jun 22, 2022 12:01pm Jun 22, 2022 12:01pm
Quoting lbtrader
{quote} you could use other entry strategies, you don't have to wait for HOLO here. Gold has been having major swings lately, it would be a shame if you miss out on them as they're profitable almost immediately and they don't stall like currency pairs do most of the time
Thanks.. Unfortunately don't know any other strategies that have the consistency like HOLO.
  • #16,766
  • Edited 12:15pm Jun 22, 2022 12:05pm | Edited 12:15pm
Quoting nonibadsha
{quote} Thanks.. Unfortunately don't know any other strategies that have the consistency like HOLO.


well, I'm wrong, there were two M1 entries, I did not notice coz I was looking at different setup, but they're quite valid and profitable.
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  • #16,767
  • Jun 22, 2022 12:29pm Jun 22, 2022 12:29pm
Quoting lbtrader
{quote} well, I'm wrong, there were two M1 entries, I did not notice coz I was looking at different setup, but they're quite valid and profitable.{image}
Don't talk to me about Gold .. That was a humongous move.
Although it broke rule 1. The last low was at 1823.42 and the lowest H1 open dipped to 1823.41 before it took off.
  • #16,768
  • Jun 22, 2022 12:33pm Jun 22, 2022 12:33pm
Quoting nonibadsha
{quote} Don't talk to me about Gold .. That was a humongous move. Although it broke rule 1. The last low was at 1823.42 and the lowest H1 open dipped to 1823.41 before it took off.
I pointed the two red arrows from the higher H1 open sell sell sell...
  • #16,769
  • Jun 22, 2022 12:49pm Jun 22, 2022 12:49pm
Quoting lbtrader
{quote} I pointed the two red arrows from the higher H1 open sell sell sell...
Ahh yes,.. I see.
Unfortunately I wasn't around at the time of the sell.
  • #16,770
  • Jun 23, 2022 1:15am Jun 23, 2022 1:15am
XAUUSD BE +1
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  • #16,771
  • Jun 23, 2022 2:35am Jun 23, 2022 2:35am
EURJPY TS +29
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  • #16,772
  • Jun 23, 2022 3:41am Jun 23, 2022 3:41am
USDJPY: 2 trades at BE+1
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But it's almost a 20pips stoploss... the R:R is not great. That worries me a bit in this strategy
  • #16,773
  • Jun 23, 2022 9:17am Jun 23, 2022 9:17am
Got a loss at -16.1 pips
It took out all the previous profits :'(

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  • #16,774
  • Jun 24, 2022 12:31am Jun 24, 2022 12:31am
2 nice early entries in profit +6 and +10pips
A new setup just happened
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  • #16,775
  • Jun 24, 2022 2:19am Jun 24, 2022 2:19am
Previous trade ended in BE+1, got another one at BE+1 quickly. I got one just before the end of the hour that made a new low. A nice +14.8 pips.
Now it's wait and see!
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  • #16,776
  • Jun 24, 2022 3:33am Jun 24, 2022 3:33am
hello all,

i was bored so i looked deeper into this thread. this strategy could really work, but the risk management is always negative. many trades work out great and then 1 stop loss hit, kills daily results.

any ideas on how to improve this?

stay safe
  • #16,777
  • Jun 24, 2022 5:26am Jun 24, 2022 5:26am
Quoting maxwell87
hello all, i was bored so i looked deeper into this thread. this strategy could really work, but the risk management is always negative. many trades work out great and then 1 stop loss hit, kills daily results. any ideas on how to improve this? stay safe
For now, I personally don't know, I'm just trying to make sure I have the entries perfected.

@TooSlow since you're the creator of this strategy may be you have some suggestions on money management ?
  • #16,778
  • Jun 24, 2022 8:10am Jun 24, 2022 8:10am
Quoting maxwell87
hello all, i was bored so i looked deeper into this thread. this strategy could really work, but the risk management is always negative. many trades work out great and then 1 stop loss hit, kills daily results. any ideas on how to improve this? stay safe
I would first look to do a spreadsheet going back in time and identify the losing trades as counter trend or trading range. If price has broke above yesterday's high, then the short is counter trend. If price has broke below yesterday's low, then taking a long reversal will be counter trend.

If the reversal takes place at or below yesterday's high, then it is in a trading range. If the long reversal takes place at or above yesterday's low then it is in a trading range.

In a trading range, the reversals, theoretically, should have a higher probability than if one is trading a counter trend reversal. Most counter trend reversals do fail most of the time.

TooSlow warns in the very first post about trading reversals after successful breakouts. To me that is the first place I'd look on my back test.

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Life itself is a privilege, but to live life to the fullest is a choice
  • #16,779
  • Jun 24, 2022 8:43pm Jun 24, 2022 8:43pm
trade 62

win 1 pip
Attached Image(s) (click to enlarge)
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  • #16,780
  • Jun 24, 2022 8:44pm Jun 24, 2022 8:44pm
trade 63

win 1 pip
Attached Image(s) (click to enlarge)
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