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Highest Open / Lowest Open Trade

  • #19,541
  • Jan 31, 2025 1:09pm Jan 31, 2025 1:09pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,542
  • Jan 31, 2025 1:10pm Jan 31, 2025 1:10pm
Quoting cunha
{quote} {image} Any thoughts? Should've had entered earlier/later? Or not at all..
Is the green line the H1 highest open? Looks like a winner to me, Mate.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,543
  • Jan 31, 2025 1:57pm Jan 31, 2025 1:57pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,544
  • Jan 31, 2025 2:06pm Jan 31, 2025 2:06pm
Quoting TooSlow
{quote} Sometimes all I get is 1 or 2 pips. That's plenty. No, I don't wait for price to go back into the entry zone to exit. I enter in the entry zone, Mate. Cheers.
This system is viable but to say 1 pip minus commish is plenty?.. 1 pip on a 10 lot minus commish is dodgy takeout dinner in the first world
  • #19,545
  • Jan 31, 2025 2:09pm Jan 31, 2025 2:09pm
Quoting DwnUndrTrdr
{quote} This system is viable but to say 1 pip minus commish is plenty?.. 1 pip on a 10 lot minus commish is dodgy takeout dinner in the first world
Some brokers don't have commission, only spread, Mate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,546
  • Jan 31, 2025 2:14pm Jan 31, 2025 2:14pm
Quoting TooSlow
{quote} Some brokers don't have commission, only spread, Mate.
If the brokers not padding the spread to cover the commish well that’s very very nice As you well know, there’s no free lunch ( or dinner ) in this game
  • #19,547
  • Jan 31, 2025 3:09pm Jan 31, 2025 3:09pm
Quoting DwnUndrTrdr
{quote} If the brokers not padding the spread to cover the commish well that’s very very nice As you well know, there’s no free lunch ( or dinner ) in this game
You gotta pay to play, Mate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,548
  • Jan 31, 2025 4:11pm Jan 31, 2025 4:11pm
Quoting TooSlow
{quote} Overtrading - it is subjective! When you are taking many trades that are NOT part of your trading plan - that's overtrading. It's not the number of trades, it is a high number of non-quality trades.
Thank you for this!
  • #19,549
  • Jan 31, 2025 4:36pm Jan 31, 2025 4:36pm
Quoting Jannah02
{quote} Thank you for this!
My pleasure, Mate.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,550
  • Jan 31, 2025 4:37pm Jan 31, 2025 4:37pm
Quoting DwnUndrTrdr
{quote} This system is viable but to say 1 pip minus commish is plenty?.. 1 pip on a 10 lot minus commish is dodgy takeout dinner in the first world
How many 10 trade challenges have you completed?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,551
  • Jan 31, 2025 4:55pm Jan 31, 2025 4:55pm
Trying to understand.
You say sell at highest open and buy at lowest open.
In a 24hr candle period how do you determine whether something is a highest open and lowest open?
I am in US so say new Daily candle opens at 5pm EST and the 1st hour opens I don't know whether that is going to be the highest open or lowest open. How many candles I have to wait to determine the highest or lowest open. I probably am not understanding the system.
  • #19,552
  • Jan 31, 2025 5:28pm Jan 31, 2025 5:28pm
Quoting vinesh1
Trying to understand. You say sell at highest open and buy at lowest open. In a 24hr candle period how do you determine whether something is a highest open and lowest open? I am in US so say new Daily candle opens at 5pm EST and the 1st hour opens I don't know whether that is going to be the highest open or lowest open. How many candles I have to wait to determine the highest or lowest open. I probably am not understanding the system.
Let me suggest you read POST #1 in entirety.

Then read the HOLO documents that have been uploaded by other traders who have explained HOLO.

The highest and lowest opens change throughout the day as price expands the range.

How many of the 489 pages of this thread have you read? You have to put in some effort, Mate.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,553
  • Jan 31, 2025 7:50pm Jan 31, 2025 7:50pm
Who is taking the 10 trade challenge the week of February 2, 2025?

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
  • #19,554
  • Jan 31, 2025 8:07pm Jan 31, 2025 8:07pm
Quoting Pasha7777
the first month with this method is over...I've only been working for 15 days... it looks something like this...I didn't keep much statistics, all days +, just over 100%...I like it..the worst day +0.7% the best day +14% {image}
Impressive results mate. Are you able to share whats your exit criteria is ? Do you follow the standard +5 BE model and trail it ? Or you try to get out with 1 or 2 pip ?
  • #19,555
  • Jan 31, 2025 9:11pm Jan 31, 2025 9:11pm
Yes, +5 is the first goal...I am currently using the advisor provided here...very convenient...after the partial closure, I kept the rest at +7 and often took +7, although the market was offering around +15_+20...if you get +3%, then if the mood appears, I enter the minimum lot and take +2 +3...Depends on how it goes
  • #19,556
  • Jan 31, 2025 11:39pm Jan 31, 2025 11:39pm
Quoting Pasha7777
Yes, +5 is the first goal...I am currently using the advisor provided here...very convenient...after the partial closure, I kept the rest at +7 and often took +7, although the market was offering around +15_+20...if you get +3%, then if the mood appears, I enter the minimum lot and take +2 +3...Depends on how it goes
If one follow HOLO rules, he must be able to win above 2% of his capital daily.
This is my result for January 2025
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  • #19,557
  • Jan 31, 2025 11:46pm Jan 31, 2025 11:46pm
Quoting Igumapips
{quote} If one follow HOLO rules, he must be able to win above 2% of his capital daily. This is my result for January 2025 {image}
I have to agree with you, buddy...I did it every day. +2 +3 ....+7 +8....
  • #19,558
  • Jan 31, 2025 11:49pm Jan 31, 2025 11:49pm
Quoting TooSlow
{quote} Some brokers don't have commission, only spread, Mate.
Before I saw this strategy, I was using a Raw Spread account and my broker charged a commission on it.
I practice the HOLO with the Raw Spread account with the commission. BE+1 could not pay the commission.
After learning HOLO, I switched my live account to a non-commission account but spread only.
When I place my position in BE+1, it ends in profit.
  • #19,559
  • Jan 31, 2025 11:55pm Jan 31, 2025 11:55pm
Quoting Pasha7777
{quote}I have to agree with you, buddy...I did it every day. +2 +3 ....+7 +8....
One of the beauties of HOLO is that it has a very tight stop loss when you use it to trade USD pairs and as such using proper Money Management, you can use big lot size.

I trade only three pairs and daily I have more than 3 setups and if my trade position hits 5 pips I must block 1 pips. Even if the price is retraced, I accept it as good fate.
TooSlow says that no trader knows where the price is heading but every trader knows that the price must go up and come down.
Many times if the price did not hit my BE+1, it would have ended in loss. I pip is better than the loss.
TooSlow, thank you.
  • #19,560
  • Feb 1, 2025 12:13am Feb 1, 2025 12:13am
Quoting Igumapips
{quote} Before I saw this strategy, I was using a Raw Spread account and my broker charged a commission on it. I practice the HOLO with the Raw Spread account with the commission. BE+1 could not pay the commission. After learning HOLO, I switched my live account to a non-commission account but spread only. When I place my position in BE+1, it ends in profit.
Non commission is the same as commission they just pad the spread. The costs are the same ( maybe more maybe less ), just the accounting exercise appears easier to comprehend.
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