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Highest Open / Lowest Open Trade

  • #17,281
  • Mar 24, 2023 10:33pm Mar 24, 2023 10:33pm
Quoting MichaelG
Not really sure why I bother sometimes. TooSlow's thread(s) are quite clear with the strategy(s). They most certainly do NOT involve/include trend lines nor anything apart from the very simple rules. With the greatest respect to all, there are many other threads that will accommodate all and sundry "visions" of which/what way to trade and you have TOTAL control over that. Nobody else can/will make that decision for you. Please have respect for the strategy/OP even if you don't like it. You really have that option. Thankyou Michael
Here's the problem each of you need to address ...

EVERYTHING you all think is "better", "new" etc is a derivative of a derivative OF a derivative of what works all the time, period, end of story. This is not just"an opinion". It is a fact of trading and its history. "It goes up, turns, stalls, turns some more, rolls over then returns to where it once was". And vice versa. No need for anything but what I showed. So as I've said before, I meant no disrespect, the things I say, are not meant for pretenders, tire kickers or others who are not serious about learning to trade in real life. A serious trader needs to be flexible and sometimes the point of introduction to new information in a situation, is not always by your choice. So, either learn or be upset. Easy choice.

Real tools are battle tested, real world used and do not need "opinions". It might be the 21st century but people still have a lot to learn.

The example I offered is trade ready, trader ready and only requires common sense. A combination of your common sense and trading common sense. Nothing else. "If you can't track it you can't trade it." This has been my experience.

So it's good that you bothered, so you can learn.

Peter
Real Trading is not gambling.
  • #17,282
  • Mar 25, 2023 5:01pm Mar 25, 2023 5:01pm
Who is taking the 10 trade challenge the week of March 26, 2023?


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
  • #17,283
  • Mar 25, 2023 5:06pm Mar 25, 2023 5:06pm
Quoting PeterCaleb
{quote} For crying out loud, people, so much "detail" for such a simple step through. Look here .... {image} Can you follow a line? Can you draw a line that always stays along the very left side of a chart as it moves along as seen in this pic? Before, during and after. It's that simple. Line down left hand side. Line along top or bottom rollover area, line off rollover area then along left side of movement as it moves away from turn around area. Can YOU do this every time? Then you now understand this approach....
Wouldn't it be clearer to draw the line down on the right side of the candles? The reasoning would be there would be a line break indicating the rollover may be beginning. Thanks, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,284
  • Mar 25, 2023 10:06pm Mar 25, 2023 10:06pm
Quoting TooSlow
{quote} Wouldn't it be clearer to draw the line down on the right side of the candles? The reasoning would be there would be a line break indicating the rollover may be beginning. Thanks, Mate. Cheers!
"Bulls and Bears and the pigs who get slaughtered" ...... THEN there's the others who know how and where to draw their lines and why".

Usual trend lines etc (to the right of movement) are for people who don't understand how a market moves around. You must have the move before you can draw any line that is relevant to what is happening. So a line to its left is for tracking, while a line to the right is for speculation and guesswork. The distinction is enormous to one's results. If you look at where the first line begins, it is tracking not speculating on anything. It starts before the break and ends on the alternate break. A second is marked and then it breaks again. Then the final one which is positioned in the same context of the first. All this "in my opinion stuff" is silly. Either track it or gamble.

So now let's look again ....


Attached Image (click to enlarge)
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So unfortunately, this makes MOST of what is on these sites rather redundant, as tracking it accurately is FAR more important than gambling it.


Peter
Real Trading is not gambling.
  • #17,285
  • Mar 25, 2023 11:33pm Mar 25, 2023 11:33pm
Quoting PeterCaleb
{quote} "Bulls and Bears and the pigs who get slaughtered" ...... THEN there's the others who know how and where to draw their lines and why". Usual trend lines etc (to the right of movement) are for people who don't understand how a market moves around. You must have the move before you can draw any line that is relevant to what is happening. So a line to its left is for tracking, while a line to the right is for speculation and guesswork. The distinction is enormous to one's results. If you look at where the first line begins, it is tracking not...
Please explain HOW A MARKET MOVES AROUND.

Thanks, Mate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,286
  • Edited 6:43am Mar 26, 2023 6:15am | Edited 6:43am
Quoting PeterCaleb
{quote} Here's the problem each of you need to address ... EVERYTHING you all think is "better", "new" etc is a derivative of a derivative OF a derivative of what works all the time, period, end of story. This is not just"an opinion". It is a fact of trading and its history. "It goes up, turns, stalls, turns some more, rolls over then returns to where it once was". And vice versa. No need for anything but what I showed. So as I've said before, I meant no disrespect, the things I say, are not meant for pretenders, tire kickers or others who are not...
Peter, I am confused. You have posted charts with Donchian Channels indicating that was how to do it:

Attached Image (click to enlarge)
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Now, you posted a chart with 3 lines indicating that's all a trader needs:

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This isn't me having a run at you, Mate. Can you be a bit clearer, please? Thanks. Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,287
  • Edited 10:52am Mar 26, 2023 9:04am | Edited 10:52am
Getting back to HOLO. This is not my method. I learned it elsewhere. Here are the origins:

PRICE ACTION

“Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new highs (or lows)
2) the price reverses from new highs (or lows)
They happen regardless of time frame .
They are phenomena that can be exploited without the fear if found out by others, that they might cease to
exist.” - H. Rearden

H. Rearden posted the above in a FF thread.

Price Action

1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
3) Price will either close above a level (line) or not.

After you see a new HOLO established, you wait for the entry.

Attached Image (click to enlarge)
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Knowing the hours when price tends to make a HOLO gives an advantage:

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Knowing when the daily range is approaching or exceeding its usual value gives an advantage:

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When I see other methods presented, I plot the HOLO lines on their charts and look to see if there is any advantage gained over the HOLO entry. No need to discuss nor debate what the chart simply indicates. Try this yourself and report your findings.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,288
  • Mar 26, 2023 9:55am Mar 26, 2023 9:55am
It's a simple, break and retrace. Its awesome
Trading is gambling. So gamble responsibly.
  • #17,289
  • Mar 26, 2023 6:37pm Mar 26, 2023 6:37pm
Quoting TooSlow
{quote} Please explain HOW A MARKET MOVES AROUND. Thanks, Mate.
Do some objective and thorough research. If a person is not prepared to do this, then find another activity.


Peter
Real Trading is not gambling.
  • #17,290
  • Mar 26, 2023 6:40pm Mar 26, 2023 6:40pm
Quoting TooSlow
{quote} Peter, I am confused. You have posted charts with Donchian Channels indicating that was how to do it: {image} Now, you posted a chart with 3 lines indicating that's all a trader needs: {image} This isn't me having a run at you, Mate. Can you be a bit clearer, please? Thanks. Cheers.
Do some objective and thorough research. If a person is not prepared to do this, then find another activity.

When a person won't question their own thinking but instead, solely questions the observations, then it is time to either learn something new or give it away.

Peter
Real Trading is not gambling.
  • #17,291
  • Mar 26, 2023 7:40pm Mar 26, 2023 7:40pm
Quoting PeterCaleb
{quote} Do some objective and thorough research. If a person is not prepared to do this, then find another activity. When a person won't question their own thinking but instead, solely questions the observations, then it is time to either learn something new or give it away. Peter
Peter, what is one reason people write books especially educational material?

My belief was that FF was a place to share knowledge with fellow traders rather than berate them for asking questions.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,292
  • Mar 27, 2023 2:07am Mar 27, 2023 2:07am
Quoting TooSlow
{quote} Peter, what is one reason people write books especially educational material? My belief was that FF was a place to share knowledge with fellow traders rather than berate them for asking questions.
Sure, if you're just a student "at school", where the curriculum is given to the person. Your belief may have been feasible 20yrs ago when it started, but this is not some website run by traders for traders. For me that much is obvious, because most of the stuff on this site is basically useless out in the real world. And on top of that, the REAL stuff is not mentioned ANYWHERE on this site. The tidbits that do exist are just basically people recycling what they've read or heard or been told, who don't have real life experience. So to anyone reading this, you need to adjust your attitude to see all of it as it really is ..... a playlist glued stuck on repeat. I have spoken before about saturation points in the world and the markets. Most of these people are not traders, they're people trying to work shit out, trying to figure out what they want and how to get it. So I'm not berating people, nor condoning their oversensitive underbellies. People don't need "books" they need real life common sense. THAT is what a real trader needs. From there the person can learn. Take a look at all the insane pathetic disgusting opinions people have about things on these sites. Using opinion as a "currency" is akin to saying dog shit tastes nutritious....... "Go ahead try it".

I have tested many things on many people on these sites and people have always been left wanting. So please don't try to make people think we're going to start holding hands and pretend "we are real people" ... online so automatically we should be nice. It's a lie, plain and simple. The market cares not about which of the "100 ways to do something", just that you do it properly and consistently.

Only a naive person would think that educational books are "only for education".

Peter
Real Trading is not gambling.
  • #17,293
  • Mar 27, 2023 4:33am Mar 27, 2023 4:33am
Quoting PeterCaleb
{quote} Sure, if you're just a student "at school", where the curriculum is given to the person. Your belief may have been feasible 20yrs ago when it started, but this is not some website run by traders for traders. For me that much is obvious, because most of the stuff on this site is basically useless out in the real world. And on top of that, the REAL stuff is not mentioned ANYWHERE on this site. The tidbits that do exist are just basically people recycling what they've read or heard or been told, who don't have real life experience. So to anyone...
Peter, isn't life itself a school? My statement was ONE reason, not ONLY reason.

Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,294
  • Mar 27, 2023 10:05am Mar 27, 2023 10:05am
[quote=TooSlow;8921463]{image} Another example.[/quote
Hi tooslow
Can apply this methed on mobile if yes then how to put hi low at mobile
Mobile mt4 how to know high or low
Is this valid ttrade
Attached Image (click to enlarge)
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  • #17,295
  • Mar 27, 2023 10:21am Mar 27, 2023 10:21am
Quoting TooSlow
Getting back to HOLO. This is not my method. I learned it elsewhere. Here are the origins: PRICE ACTION “Now, 2 patterns of market behavior happen on a regular basis: 1) the price breaks to new highs (or lows) 2) the price reverses from new highs (or lows) They happen regardless of time frame . They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden H. Rearden posted the above in a FF thread. Price Action 1) Price will either breakout of the high, low or both...
Is this right
Attached Image (click to enlarge)
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  • #17,296
  • Mar 27, 2023 10:41am Mar 27, 2023 10:41am
Quoting ahsan321
{quote} Is this right {image}
Is what right? Hard to see on your M15 chart where the highest H1 open is. Looks like you didn't take profit when near your target.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,297
  • Mar 27, 2023 10:44am Mar 27, 2023 10:44am
[quote=ahsan321;14375847]
Quoting TooSlow
{image} Another example.[/quote Hi tooslow Can apply this methed on mobile if yes then how to put hi low at mobile Mobile mt4 how to know high or low Is this valid ttrade {image}
So long as you know the current H1 highest open / lowest open for the day, your trading platform doesn't matter, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,298
  • Mar 27, 2023 6:30pm Mar 27, 2023 6:30pm
Quoting TooSlow
{quote} Peter, isn't life itself a school? My statement was ONE reason, not ONLY reason. Cheers.
People are as stupid or as smart as they allow themself to be. All of Life is on offer to learn but people prefer to waste a lot of time. For most people, "school" is a very loaded word. People waste time on silly websites. Waste time yacking on threads like this when the simple truth is, people as a whole have lost touch with real life, so why do you all deserve any respect? It hasn't been earned. People still come to this thread when I just recently proved it has no additional value. Not according to me, but according to the markets. Real Life requires real thinking not website and internet antics. Everything I write is either for the instigator of what I reply to, or, for someone else who's prepared to actually learn instead of following in the shadows of apparent real people. So I don't focus on who I "offend" or disagree with. Majority of the threads on these websites do not need to be continued, for information or knowledge sake.

There IS only one reason - either learn or be entertained. Talk bullshit (in the eyes of real, real life all day) or get right into learning.

So as I have said any times, people need a brain check up NOT MORE INFORMATION. The information remains the same but 'for some unknown reason' people seem to be getting more stupid / unable to function properly. Molding people's thinking IS NOT learning. It's cloning and droning.


Peter
Real Trading is not gambling.
  • #17,299
  • Mar 27, 2023 9:05pm Mar 27, 2023 9:05pm
Quoting PeterCaleb
{quote} --- People still come to this thread when I just recently proved it has no additional value. Not according to me, but according to the markets. ---. Peter
What proof, Peter? Yes, I read your posts more than once.

You still come to this thread.

Cheers, Mate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,300
  • Mar 28, 2023 3:46am Mar 28, 2023 3:46am
Quoting Sovy
It's a simple, break and retrace. Its awesome
Hi TooSlow, although after studying the logic of TRO's systems (I think he is the invention of "holo"), I deduced that the higher the range, the higher the probability that the price will return. And about the time, it is quite obvious that the best entries are in the "range" periods of the price, I did not manage to deduce the significance of the data from image 2 and 3.
Please explain to me what the first line in the two pictures represents, I looked for minutes on end but I don't understand what it means.

Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW2.png Size: 23 KB

Attached Image (click to enlarge)
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