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Highest Open / Lowest Open Trade

  • #18,561
  • Dec 18, 2024 11:20am Dec 18, 2024 11:20am
Quoting Jannah02
{quote} can you do the same but using the 15 min candle or what that be more delayed
I can't look at the M5 like Sir TooSlow. You try looking M30
  • #18,562
  • Dec 18, 2024 11:38am Dec 18, 2024 11:38am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,563
  • Dec 18, 2024 11:39am Dec 18, 2024 11:39am
Quoting Jannah02
{quote} So you set your open based on the 5 minute candle of the hour (154.066) would the outcome be the same If I used the 15 minute open at that time
No. HOLO uses the H1 (Hourly) highest and lowest open.

Look at the lines on the charts I post.

Are you using the HOLO indicator provided?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,564
  • Dec 18, 2024 11:40am Dec 18, 2024 11:40am
Quoting ThaoAnh
{quote} I can't look at the M5 like Sir TooSlow. You try looking M30
What is the reason you are not able to use M5?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,565
  • Dec 18, 2024 11:50am Dec 18, 2024 11:50am
Quoting TooSlow
{quote} You are not trading HOLO. The current USDJPY HOLO trade is SHORT. Please only post HOLO trades here. Thank you for your cooperation. {image}
I look H4 candle. Not H1
  • #18,566
  • Dec 18, 2024 11:55am Dec 18, 2024 11:55am
Quoting TooSlow
{image} {file}
I disagree with this quote.

None of us knows what PA will do next second, therefore certain momentum breakout strategies, including mine are trying to get as much momentum force as possible out of one trade. I do have my limit profit for the day, say +150 points(pips). I will trail at certain points on the way to that 150 pips goal. I would rather stick with one trade and squeeze as much as possible from it with my tactical MM and Mindfulness, rather then have no idea what the next entry into the market will do again and again and again.

I do appreciate TooSlow method and wisdom.
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  • #18,567
  • Dec 18, 2024 11:55am Dec 18, 2024 11:55am
Quoting TooSlow
{quote} What is the reason you are not able to use M5?
I still can not get good look at it because M5 chart is fast
  • #18,568
  • Dec 18, 2024 12:09pm Dec 18, 2024 12:09pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,569
  • Dec 18, 2024 12:12pm Dec 18, 2024 12:12pm
Quoting ThaoAnh
{quote} I still can not get good look at it because M5 chart is fast
Price is the same on all charts. Price moves the same on all charts. Charts are snapshots of data over different time periods.

When price moves on the M30, it moves in the same direction and at the same speed on the M5 chart and all the other charts.


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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,570
  • Dec 18, 2024 12:14pm Dec 18, 2024 12:14pm
USDCHF +5
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  • #18,571
  • Dec 18, 2024 12:20pm Dec 18, 2024 12:20pm
Quoting driven18
{quote} I disagree with this quote. None of us knows what PA will do next second, therefore certain momentum breakout strategies, including mine are trying to get as much momentum force as possible out of one trade. I do have my limit profit for the day, say +150 points(pips). I will trail at certain points on the way to that 150 pips goal. I would rather stick with one trade and squeeze as much as possible from it with my tactical MM and Mindfulness, rather then have no idea what the next entry into the market will do again and again and again....
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,572
  • Dec 18, 2024 12:21pm Dec 18, 2024 12:21pm
Quoting tantra
USDCHF +5 {image} {image}
What was the cause of the miss?
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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
  • #18,573
  • Dec 18, 2024 12:28pm Dec 18, 2024 12:28pm
O Yes TooSlow, Big Thumb UP, after going through thousands techniques and permutations of these techniques on how to enter and manage the trade, I have been surprised how simple and successful I actually have been live trading for the last 3 years. My technique is as simple as 1 + 1 = 2, but it took 5-8 years to get here. Glad I took this time, these years payed off many folds in the last 3 years.
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  • #18,574
  • Dec 18, 2024 12:30pm Dec 18, 2024 12:30pm
Quoting TooSlow
{quote} What was the cause of the miss? {image} 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.
Nice meeting with friends. I don't always have to catch everything. The market is there tomorrow too.
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  • #18,575
  • Dec 18, 2024 12:43pm Dec 18, 2024 12:43pm
Quoting tantra
{quote} Nice meeting with friends. I don't always have to catch everything. The market is there tomorrow too. {image} {image} {image}
It wasn't a miss then.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,576
  • Dec 18, 2024 12:45pm Dec 18, 2024 12:45pm
https://stackoverflow.blog/2024/12/1...ow-you-know-it

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,577
  • Dec 18, 2024 1:50pm Dec 18, 2024 1:50pm
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What comes next?

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
  • #18,578
  • Dec 18, 2024 2:03pm Dec 18, 2024 2:03pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,579
  • Dec 18, 2024 4:23pm Dec 18, 2024 4:23pm
Quoting TooSlow
{quote} {image} Midpoints marked on each H4 candle. What do you see? Can this assist you? The Socratic method, named after the classical Greek philosopher Socrates, is a form of inquiry and discussion between individuals based on asking and answering questions to stimulate critical thinking and illuminate ideas.
This strikes me as a good opportunity to set a take profit zone
  • #18,580
  • Dec 19, 2024 3:38am Dec 19, 2024 3:38am
Mates,

Please, I want to know what I did wrong because I sold EURUSD and it hit my stop loss.
This will enable me to be more careful
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