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Highest Open / Lowest Open Trade

  • #19,281
  • Jan 20, 2025 6:39am Jan 20, 2025 6:39am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,282
  • Jan 20, 2025 6:50am Jan 20, 2025 6:50am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,283
  • Jan 20, 2025 7:02am Jan 20, 2025 7:02am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,284
  • Jan 20, 2025 7:12am Jan 20, 2025 7:12am
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You can't learn HOLO until you empty your mind of all previous trading beliefs.

Nan-in, a Japanese master, received a university professor who came to inquire about Zen.

Nan-in served tea. He poured his visitor's cup full, and then kept on pouring.

The professor watched the overflow until he no longer could restrain himself. "It is overfull. No more will go in!"

"Like this cup," Nan-in said, "you are full of your own opinions and speculations. How can I show you Zen unless you first empty your cup?"
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,285
  • Jan 20, 2025 7:29am Jan 20, 2025 7:29am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,286
  • Jan 20, 2025 7:47am Jan 20, 2025 7:47am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,287
  • Jan 20, 2025 7:56am Jan 20, 2025 7:56am
Quoting MichaelG
{quote} {image} Hi. Firstly your drawing is wrong. The first RED candle closed BULLISH (UP) and the second GREEN candle appears to have also closed BULLISH (UP) because the third RED candle seems to have opened at the close of the second candle. THEREFORE the first and second candles SHOULD have been the same color and the third BEARISH (DOWN) candle SHOULD have been a different color. That would help a bit. In the future I suggest you use a setup from a chart to ask questions like this, please. It would help. To your question if I understand it...
Michael, thanks.
The trade was bullish but I was able to close out 15 Pips take profit.
I wanted to know if what I did was right.
  • #19,288
  • Jan 20, 2025 8:42am Jan 20, 2025 8:42am
Quoting Igumapips
{quote} Michael, thanks. The trade was bullish but I was able to close out 15 Pips take profit. I wanted to know if what I did was right.
Right or profitable - which do you want to be?


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
  • #19,289
  • Jan 20, 2025 9:02am Jan 20, 2025 9:02am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,290
  • Jan 20, 2025 9:13am Jan 20, 2025 9:13am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,291
  • Jan 20, 2025 10:24am Jan 20, 2025 10:24am
this strategy works well on XAUUSD,combined with LTF confirmation like M15 rejection
in my case,I mark the highest/lowest H1 EG instead of H1 open
you can also take the breakout trade, waiting for M15 confirmation in the H1 breakout zone
Very Very Simple
  • #19,292
  • Jan 20, 2025 10:30am Jan 20, 2025 10:30am
Quoting TooSlow
{quote} It most likely is possible. I prompted ChatGPT. {image} Above H4 and D1. Below original H1 with H4 and D1 "X"s. {image} {file}
Thank you.
One good programmer made another version in which you can select any timeframes for such purposes
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File Type: mq4 HOLO_TooSlow (Genry).mq4   6 KB | 335 downloads
  • #19,293
  • Jan 20, 2025 10:41am Jan 20, 2025 10:41am
Quoting TooSlow
{quote} Right or profitable - which do you want to be? 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.
Right.
  • #19,294
  • Jan 20, 2025 11:41am Jan 20, 2025 11:41am
Quoting Garry119
{quote} Thank you. One good programmer made another version in which you can select any timeframes for such purposes {file}
You can simply load the indicator two or more times. No need to change the code.

And the version you uploaded doesn't actually work.

The input Ds_TF is not referenced in the code.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,295
  • Jan 20, 2025 11:42am Jan 20, 2025 11:42am
Quoting SaiTeja333
this strategy works well on XAUUSD,combined with LTF confirmation like M15 rejection in my case,I mark the highest/lowest H1 EG instead of H1 open you can also take the breakout trade, waiting for M15 confirmation in the H1 breakout zone Very Very Simple
What is EG??
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,296
  • Jan 20, 2025 11:44am Jan 20, 2025 11:44am
Quoting Igumapips
{quote} Right.
In trading, being "right" usually results in extended draw down and loss.



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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,297
  • Jan 20, 2025 12:11pm Jan 20, 2025 12:11pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,298
  • Jan 20, 2025 12:23pm Jan 20, 2025 12:23pm
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Is 5 pips enough?

1 lot would net $50.

10 lots would net $500.

1 mini would net $5.

1 micro would net $.50.

How many times do you have to see something before you take action?


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
  • #19,299
  • Jan 20, 2025 12:24pm Jan 20, 2025 12:24pm
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If 5 pips weren't enough, how do you feel when there's only 2 left?


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
  • #19,300
  • Jan 20, 2025 12:42pm Jan 20, 2025 12:42pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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