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Highest Open / Lowest Open Trade

  • #19,901
  • Mar 7, 2025 8:26am Mar 7, 2025 8:26am
Quoting TooSlow
{image} Where did price turn around?

The price reversed at D1[1]

But the entry is dangerous because ATR is small and the price is falling from its high of the day, updating the minimum highs one after another
  • #19,902
  • Mar 7, 2025 8:38am Mar 7, 2025 8:38am
Quoting TooSlow
{image} Where did price turn around?
NFP
  • #19,903
  • Mar 7, 2025 8:44am Mar 7, 2025 8:44am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,904
  • Mar 7, 2025 8:45am Mar 7, 2025 8:45am
Quoting Pilulae
{quote} NFP
Where, not when.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,905
  • Mar 7, 2025 8:46am Mar 7, 2025 8:46am
Quoting Malkolm
{quote} The price reversed at D1[1] But the entry is dangerous because ATR is small and the price is falling from its high of the day, updating the minimum highs one after another
Dangerous? Trading by nature is risky. Use money and risk management.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,906
  • Mar 7, 2025 8:48am Mar 7, 2025 8:48am
Quoting TooSlow
{quote}Dangerous? Trading by nature is risky. Use money and risk management..
Funny how I missed the entrance with my “concerns”

But, to be frank, there were no conditions of entry without breaking the rules
  • #19,907
  • Mar 7, 2025 9:03am Mar 7, 2025 9:03am
Quoting Malkolm
{quote} Funny how I missed the entrance with my “concerns” But, to be frank, there were no conditions of entry without breaking the rules
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,908
  • Mar 7, 2025 10:13am Mar 7, 2025 10:13am
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Price went into the lowest open zone and reversed out.
Price went into the lowest open zone again and reversed out again.

What was price telling you?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,909
  • Mar 7, 2025 10:18am Mar 7, 2025 10:18am
If all you are doing is following a strict set of rules, are you really learning anything?

While following rules provides structure and order, solely adhering to them without critical thinking or understanding can limit learning and growth, hindering the ability to adapt and innovate.
Here's a more detailed explanation:

  1. Rules as a Foundation:
    Rules and guidelines are essential for establishing order, promoting safety, and fostering cooperation within any system, whether it's a classroom, a workplace, or a society.
  2. Learning Beyond Rules:
    However, simply following rules without understanding the underlying principles or context can lead to rote memorization and a lack of critical thinking.
  3. The Importance of Understanding:
    True learning involves not just knowing what to do, but also why and how to do it.
  4. Critical Thinking and Innovation:
    When individuals are able to question, analyze, and apply rules in different situations, they develop critical thinking skills and the ability to innovate.
  5. Flexibility and Adaptability:
    A rigid adherence to rules can hinder flexibility and adaptability, making it difficult to respond to changing circumstances or unexpected challenges.
  6. The Balance:
    A healthy approach to learning involves finding a balance between adhering to rules and developing critical thinking skills.
  7. Examples:

    1. In a classroom, students should not only learn the rules of grammar but also understand the principles behind them.
    2. In a workplace, employees should not only follow procedures but also understand the goals and objectives of those procedures.
    3. In society, citizens should not only obey laws but also understand the principles of justice and fairness.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,910
  • Mar 7, 2025 10:57am Mar 7, 2025 10:57am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,911
  • Mar 7, 2025 11:46am Mar 7, 2025 11:46am
Quoting TooSlow
{image} Price went into the lowest open zone and reversed out. Price went into the lowest open zone again and reversed out again. What was price telling you?
That the price will either fall or rise, but will not be in that zone

Here the price is at Low D1[1], ATR 82%

Bottom line: price is likely to go up. In the right direction I thi
nk?
  • #19,912
  • Mar 7, 2025 12:14pm Mar 7, 2025 12:14pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,913
  • Mar 7, 2025 12:17pm Mar 7, 2025 12:17pm
Quoting Malkolm
{quote} That the price will either fall or rise, but will not be in that zone Here the price is at Low D1[1], ATR 82% Bottom line: price is likely to go up. In the right direction I thi nk?
HOLO is not predicting or thinking.

HOLO is following the observations of H. Rearden and the price action teachings of #advancedalientrading
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,914
  • Mar 7, 2025 12:25pm Mar 7, 2025 12:25pm
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How many times do you have to experience something BEFORE it sinks into your consciousness?

Once?
Twice?
Thrice?
More?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,915
  • Mar 7, 2025 1:21pm Mar 7, 2025 1:21pm
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What next?

The answer is not a predication.


“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


Price Action #advancedalientrading

1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
3) Price will either close above a level (line) or not.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,916
  • Mar 7, 2025 2:00pm Mar 7, 2025 2:00pm
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Does what happened surprise you or did you expect it?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,917
  • Mar 7, 2025 2:27pm Mar 7, 2025 2:27pm
Hello Sir. I'm new member in the your thread. Thank you so much for everything. I have a question at this point.

Which you use template and indicators?
  • #19,918
  • Mar 7, 2025 4:04pm Mar 7, 2025 4:04pm
Quoting TooSlow
If all you are doing is following a strict set of rules, are you really learning anything? While following rules provides structure and order, solely adhering to them without critical thinking or understanding can limit learning and growth, hindering the ability to adapt and innovate. Here's a more detailed explanation: Rules as a Foundation: Rules and guidelines are essential for establishing order, promoting safety, and fostering cooperation within any system, whether it's a classroom, a workplace, or a society. Learning Beyond Rules: However,...
I have to say, this is your most important post, and most important learning. This means so much more than post #1. If we could all make money by mastering a set of rules, life would be easy.

Sadly, an easy, entitled life is what many seek. They don't understand that this is the hardest profession in the world, and the biggest battle is with yourself
  • #19,919
  • Mar 7, 2025 6:05pm Mar 7, 2025 6:05pm
Quoting rogerha
{quote} I have to say, this is your most important post, and most important learning. This means so much more than post #1. If we could all make money by mastering a set of rules, life would be easy. Sadly, an easy, entitled life is what many seek. They don't understand that this is the hardest profession in the world, and the biggest battle is with yourself
Trading is simple. What makes it difficult is the trader. Yes, many have inner struggles with trading and with life.

With HOLO, all one needs to do is empty their mind and follow the rules at first to learn the basics. They must let go of their previous teachings, concepts and indicator laced charts.

The trader must first decide how much they are willing to lose on a single trade. Next, enter a trade when conditions are met. The result will either be a loss or a win. That's it. Simple.

The 10 trade challange offers the trader a chance to learn HOLO. Minimal trade size of 1 micro lot. Even if you lose 10 trades in a row, that's only $10. But the opportunity to learn a method that works each and every trading day is priceless.

Once HOLO is mastered, the trader may realize they need nothing else. And begin to treat Forex like their own personal ATM.

I can teach HOLO but the trader must learn HOLO through experience just like swimming.

The outcome is up to the trader.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,920
  • Mar 7, 2025 9:53pm Mar 7, 2025 9:53pm
Quoting emrahozmen
Hello Sir. I'm new member in the your thread. Thank you so much for everything. I have a question at this point. Which you use template and indicators?
See POST #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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