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Highest Open / Lowest Open Trade

  • #18,221
  • Nov 23, 2024 1:50pm Nov 23, 2024 1:50pm
Quoting Igumapips
QUESTION price breaks the 2nd candle open and return back to open of the 2nd candle. Is this trade still valid to place a sell position? I switch to M15 and M5, I noticed that candle closed below the open of the 2nd candle. If the trade is still valid can one take the trade as candle in the lower time frame close below the open of the 2nd candle? {image} {image} {image}
Yes, you can still take the setup
  • #18,222
  • Nov 23, 2024 2:07pm Nov 23, 2024 2:07pm
Quoting MachineLearn
What are some other options for determinng ideal market conditions for HOLO? ADR and concepts around that is great, but what about a simple Bollinger Band setup with a period of 200. Gives a clear picture of markets that could potentially be at their top or bottom. {image} {image}
Keep it simple, Mate. Have you read this thread in entirety?

Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,223
  • Nov 23, 2024 2:11pm Nov 23, 2024 2:11pm
Quoting MachineLearn
{quote} I like this style too, but this thread seems hyper sensitive to alterations of the core rules. Your system kind of negates some of these core principles all though similar in theory.
Mate, hyper sensitive seems a little dramatic. The point is to master the basics. Once you do that, you'll need nothing else.

Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,224
  • Nov 23, 2024 2:15pm Nov 23, 2024 2:15pm
Quoting TooSlow
Have you read this thread in entirety? Cheers.

I’m sure we’ve all done that, at least a couple of times? There are only 18,224 posts spread over 8.5 years, after all.
  • #18,225
  • Edited 2:48pm Nov 23, 2024 2:35pm | Edited 2:48pm
Quoting Igumapips
{quote} You don't answer the question you did not understand.
Well, I was trying to be friendly and give it a go. Had I known someone pissed in your cheerios this morning I'd have saved myself the effort and put you on ignore straight away.
Life itself is a privilege, but to live life to the fullest is a choice
  • #18,226
  • Nov 23, 2024 2:42pm Nov 23, 2024 2:42pm
Quoting TooSlow
{quote} Keep it simple, Mate. Have you read this thread in entirety? Cheers.
Yes , yes, yes, I understand, keep it simple. I've adopted vidvads approach for the ultimate simplicity.
  • #18,227
  • Nov 24, 2024 6:43pm Nov 24, 2024 6:43pm
My take on HOLO indicator. M5 with Hourly period.
Attached Image (click to enlarge)
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  • #18,228
  • Nov 24, 2024 6:52pm Nov 24, 2024 6:52pm
Quoting Pat1
My take on HOLO indicator. M5 with Hourly period. {image}
Lol
  • #18,229
  • Nov 24, 2024 8:05pm Nov 24, 2024 8:05pm
Quoting MuniFX
{quote} https://www.forexfactory.com/thread/...58#post9007658 https://www.forexfactory.com/thread/...57#post9007857
Dear MuniFX,
Thanks.
  • #18,230
  • Nov 24, 2024 8:37pm Nov 24, 2024 8:37pm
Who is taking the 10 trade challenge the week of NOVEMBER 24, 2024?

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
  • #18,231
  • Nov 25, 2024 10:56am Nov 25, 2024 10:56am
Nice setup happening here on GBP through my eyes. Sweeping asian session and testing daily low.
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  • #18,232
  • Nov 25, 2024 12:34pm Nov 25, 2024 12:34pm
Quoting MachineLearn
Nice setup happening here on GBP through my eyes. Sweeping asian session and testing daily low. {image} {image}
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  • #18,233
  • Nov 25, 2024 12:59pm Nov 25, 2024 12:59pm
Quoting MachineLearn
Nice setup happening here on GBP through my eyes. Sweeping asian session and testing daily low.
Was also H1 breakout so exercising caution the trade was ( also ) a 1-2-3.
  • #18,234
  • Nov 25, 2024 2:08pm Nov 25, 2024 2:08pm
NY sweeps London.
M5 goes down then up through LO.
M5 closes below LO before entering.
H1 opens and tests daily low.

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  • #18,235
  • Nov 25, 2024 5:03pm Nov 25, 2024 5:03pm
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  • #18,236
  • Nov 25, 2024 5:36pm Nov 25, 2024 5:36pm
Quoting MachineLearn
{image} {image}
Curious as to what trade management you are employing ML?
  • #18,237
  • Nov 25, 2024 5:46pm Nov 25, 2024 5:46pm
Quoting DwnUndrTrdr
{quote} Curious as to what trade management you are employing ML?
Standard operations for the most part. I usually wait for 1:1 before moving SL though. SL with cushion around high/low.

Open to different management options
  • #18,238
  • Nov 26, 2024 1:03am Nov 26, 2024 1:03am
Quoting MachineLearn
{quote} Standard operations for the most part. I usually wait for 1:1 before moving SL though. SL with cushion around high/low. Open to different management options
Mate, when you post charts here, you must mark the highest open and lowest open.

Thanks.

Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,239
  • Nov 26, 2024 7:00am Nov 26, 2024 7:00am
Quoting TooSlow
{quote} Mate, when you post charts here, you must mark the highest open and lowest open. Thanks. Cheers.
The thick lines always represent the highest open and lowest open respectively. I'll label them for you though
  • #18,240
  • Nov 26, 2024 7:17am Nov 26, 2024 7:17am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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