Highest Open / Lowest Open Trade

Please expand on this for the benefit of the readers of this thread.

Thanks, Mate.

Cheers!

How many of these thousands of traders who downloaded a file from this thread are trading HOLO?

If you are trading HOLO but have not posted before, please introduce yourself and post a chart.

Cheers!

I hope my explanation is clear:

The max/min opening price of the day H1(0) is:

1) 1 H1 candle (1x60 minutes=H1) - 1 chance to enter within H1(0)
2) 2 candles of M30 (2x30 minutes=H1) - 2 chances to enter within H1(0)
3) 4 candlesticks M15 (4x15 minutes=H1) - 4 chances to enter within H1(0)
4) 6 candlesticks M5 (6x5 minutes=H1) - 6 chances to enter within H1(0)
5) 60 M1 candlesticks (60x1minutes=H1) - 60 chances to enter within H1(0).

In order to form a maximal/minimal opening of H1, it is necessary that:

- M1 maximum/minimum is formed
- M5 maximum/minimum (LOWER/THAN the M1 price) was formed
- M15 maximum/minimum is formed (LOWER/THAN M5 price)
- M30 maximum/minimum is formed (LOWER/THAN than M15 price) was formed.
....
- H1 high/minimum of the day was formed?

Accordingly, the price is the same everywhere, the only question is in the time intervals of the maximum/minimum H1, which “evolves” in a chain and the smallest timeframe forms the largest timeframe: M1>M5>M15>M30>H1.

How can we use this to our advantage?

If M30 is HIGHER/LOWER than H1 MAXIMUM/MINIMUM opening, it gives an option to enter at a more favorable price towards H1 (higher timeframe)
Is it possible to enter at M15? М5? М1? Yes, but keep in mind that this is the highest risk, so manage your capital and choose the best approach for earning pips.

For example:

1% risk of capital on M30 will give 2 chances. The total risk in an hour = 2% (M30+M30)
The same risk of 1% on M1 can give 60 trades in 1 hour and “kill” the capital. Watch this

Clearly, M1(2) is forming after the daily low (1).

M1(2) forms M5(3)
M5(3) to M15(4)
M15(4) to M30(5)
M30(5) to H1(6)

1 > 2 > 3 > 4 > 5 > 6

I hope this provides some clarity

What did you learn last week?

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.

The indicator warns the trader. It is up to the trader to take notice and trade accordingly.

Where would your stop be if you took this trade?

Caution is not the same as "do not".

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.

Rule #8 - SELL AT HIGHEST OPEN.

Which was the highest open?

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.

Now what?

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.

What did you do?


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.

When price is talking, are you listening?

Price has moved across the previous D1 high multiple times. After price crossed above the D1 high, how many times has price closed below the D1 high? Were the closes lower or higher?


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.

Higher H1 open.

“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.”― Steve Jobs

“Sometimes the most complex problems can be solved with the simplest solutions.”
― Bijan Shrestha

“Irony of the world is that it wants to simplify the complexity and complicate the simplicity.”
― Vikrmn, GWG

Back after a long hiatus and found this gem of a thread. I'm intrigued. Will try out the challenge once I understand the rules on post 1. Just want to thank @TooSlow for sharing this first.

“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
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

Welcome back, Mate. The rules are posted on my charts.

New H1 higher open.