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Highest Open / Lowest Open Trade

  • #18,141
  • Nov 18, 2024 7:42am Nov 18, 2024 7:42am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,142
  • Nov 18, 2024 8:58am Nov 18, 2024 8:58am
Quoting TooSlow
{image}
If price crosses above the HO and makes a new high of the day, are you shorting on the way back down when price crosses down through HO?
  • #18,143
  • Nov 18, 2024 10:47am Nov 18, 2024 10:47am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,144
  • Nov 18, 2024 11:39am Nov 18, 2024 11:39am
Quoting MachineLearn
{quote} If price crosses above the HO and makes a new high of the day, are you shorting on the way back down when price crosses down through HO?
See rules #3 and #8 on my chart.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,145
  • Nov 18, 2024 3:03pm Nov 18, 2024 3:03pm
Quoting TooSlow
{image}
Ash I see, you're showing potential setups. Those are zones between the extremes and the HOLO. Perfect
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  • #18,146
  • Nov 18, 2024 4:13pm Nov 18, 2024 4:13pm
Is thre any amount of time we should wait before taking trades at the start of a new day? As there will only be one or two opens to trade from after a couple hours?
  • #18,147
  • Nov 18, 2024 4:30pm Nov 18, 2024 4:30pm
Quoting MachineLearn
Is thre any amount of time we should wait before taking trades at the start of a new day? As there will only be one or two opens to trade from after a couple hours?
The daily highs and lows usually occur after the Asian session.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,148
  • Nov 18, 2024 4:32pm Nov 18, 2024 4:32pm
Quoting TooSlow
{quote} The daily highs and lows usually occur after the Asian session.
Makes sense thanks
  • #18,149
  • Nov 18, 2024 4:34pm Nov 18, 2024 4:34pm
Quoting Igumapips
Dear TooSlow, Thank you again. Please, I am confused and I want to ask a question. If price breaks out from yesterday's Highest High, you said one should be careful to trade it because it means breakout. Now if the price reverse after forming another Higher High and the current candle close below the Highest High of the present day, what is one suppose to sell? Below chart is the experiences I had based on the above question. {image} {image} {image}
Bullish below H1 lowest open.

Bearish above H1 highest open.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,150
  • Nov 18, 2024 4:36pm Nov 18, 2024 4:36pm
Quoting MachineLearn
Is thre any amount of time we should wait before taking trades at the start of a new day? As there will only be one or two opens to trade from after a couple hours?
Hi ML, hope you don’t mind me jumping in. I personally prefer the liquidity of LO & NY. Even Asia session denominated currencies I’m reluctant to play in Asian session.
Eager to hear others opinions
  • #18,151
  • Nov 18, 2024 4:45pm Nov 18, 2024 4:45pm
Quoting DwnUndrTrdr
{quote} Hi ML, hope you don’t mind me jumping in. I personally prefer the liquidity of LO & NY. Even Asia session denominated currencies I’m reluctant to play in Asian session. Eager to hear others opinions
Love feedback, no problem at all. I also prefer NY and that's where I've made most of money in my trading career.

If we reset our lines at at 1700, or the start of the new day, i was curious if you would take trades considering there's only one open at that point. Maybe I misunderstood the first post.

I believe now, I wait until after Asia to start looking for setups, to let the HOLOs setup?
  • #18,152
  • Edited 6:43pm Nov 18, 2024 6:24pm | Edited 6:43pm
Quoting TooSlow
{quote} The daily highs and lows usually occur after the Asian session.
So are you saying when you move your lines at the start of a new day, you can take setups immediately, but it's preffered to wait until after asia?
  • #18,153
  • Nov 18, 2024 9:42pm Nov 18, 2024 9:42pm
Quoting MachineLearn
{quote} So are you saying when you move your lines at the start of a new day, you can take setups immediately, but it's preffered to wait until after asia?
Have you thought this through, Mate?

At the open of the day, there is only one H1 open. After the first hour, there are only two H1 opens. HOLO takes advantage of the fact price ranges to an extreme and then retraces. It happens every day. How many hours does it usually take for price to range to an extreme? Consider the ATR. Has price reached or exceeded its ATR?

How many pages of this thread have you actually read, Mate?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,154
  • Nov 19, 2024 6:07am Nov 19, 2024 6:07am
Quoting TooSlow
{quote} Have you thought this through, Mate? At the open of the day, there is only one H1 open. After the first hour, there are only two H1 opens. HOLO takes advantage of the fact price ranges to an extreme and then retraces. It happens every day. How many hours does it usually take for price to range to an extreme? Consider the ATR. Has price reached or exceeded its ATR? How many pages of this thread have you actually read, Mate?
Makes sense, thanks! I've read quite a few pages. I like to confirm all aspects and leave nothing for interpretation. I forgot im supposed to just know to wait for asisa session lmao. In a mechanical system, something like this should be mentioned in the first post. It's funny because it's stated over and over how easy this system is, but there's a hundred extra rules littered throughout the 1000 page thread. This idea that someone isn't trying because they didn't read the entire thread has to stop lmao.

When you first started the thread you seemed to welcome questions. In fact you would write quite often about how that's the best way to learn. Now every response from you seems like you can't be bothered. You don't have to answer the questions, no one's forcing you brother. If you're so annoyed stop responding to questions and keep posting your empty charts with no context, sure people are learning tons from them MATE.
  • #18,155
  • Nov 19, 2024 10:59am Nov 19, 2024 10:59am
Quoting MachineLearn
{quote} Makes sense, thanks! I've read quite a few pages. I like to confirm all aspects and leave nothing for interpretation. I forgot im supposed to just know to wait for asisa session lmao. In a mechanical system, something like this should be mentioned in the first post. It's funny because it's stated over and over how easy this system is, but there's a hundred extra rules littered throughout the 1000 page thread. This idea that someone isn't trying because they didn't read the entire thread has to stop lmao. When you first started the thread...
Mate, simple is not the same as easy. Ease comes with practice, experience, time... This is the 454th page of the thread. It hasn't reach the 1000 page mark yet. No one said you have to wait for the Asian session to end.

If you don't like my answers, ask better questions. The charts are not empty. The rules are on my charts. A trader can read the rules to see what happened.

Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,156
  • Nov 19, 2024 11:05am Nov 19, 2024 11:05am
Is there any video on UT with an example of trading using this system. I can't figure out how it works. There are so many different lines on the charts that it is not clear which line is used for what.
Can you just mark on the chart here entered here exited and remove everything else?
  • #18,157
  • Nov 19, 2024 12:43pm Nov 19, 2024 12:43pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,158
  • Nov 19, 2024 12:45pm Nov 19, 2024 12:45pm
Quoting vladleb
Is there any video on UT with an example of trading using this system. I can't figure out how it works. There are so many different lines on the charts that it is not clear which line is used for what. Can you just mark on the chart here entered here exited and remove everything else?

https://www.youtube.com/@TheRumpledO...rch?query=holo

The method has been figured out for you. The rules are on the charts. Follow the rules. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,159
  • Nov 19, 2024 1:44pm Nov 19, 2024 1:44pm
Quoting vladleb
Is there any video on UT with an example of trading using this system. I can't figure out how it works. There are so many different lines on the charts that it is not clear which line is used for what. Can you just mark on the chart here entered here exited and remove everything else?
just read all 600 pages , and don't ask questions mate. Can't you tell how to trade the system from his empty charts.
  • #18,160
  • Nov 19, 2024 3:34pm Nov 19, 2024 3:34pm
Quoting MachineLearn
{quote} just read all 600 pages , and don't ask questions mate. Can't you tell how to trade the system from his empty charts.
454 pages.

Questions are OK.

The charts I post have the rules on the charts.

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