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Highest Open / Lowest Open Trade

  • #19,941
  • Mar 10, 2025 10:28am Mar 10, 2025 10:28am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,942
  • Mar 11, 2025 1:24am Mar 11, 2025 1:24am
USDCAD +5
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  • #19,943
  • Mar 11, 2025 2:05am Mar 11, 2025 2:05am
Quoting Malkolm
{quote} Entry 2: +1.5 There was an expectation that the price would reach the H1 opening low from its M30 opening low At +5 it was converted to +1.5 (by candlestick low on M1) {image} {image}
Entry 3: +5

Entry from H4, even before H1 is formed
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  • #19,944
  • Mar 11, 2025 2:10am Mar 11, 2025 2:10am
Quoting Malkolm
{quote} Entry 3: +5 Entry from H4, even before H1 is formed {image}
Entry 4: +5
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  • #19,945
  • Mar 11, 2025 4:04am Mar 11, 2025 4:04am
Quoting Malkolm
{quote} Entry 4: +5 {image} {image}
Entry 5: -6
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  • #19,946
  • Mar 11, 2025 4:26am Mar 11, 2025 4:26am
Quoting Malkolm
{quote} Entry 5: -6 {image} {image}
Entry 6: -6
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  • #19,947
  • Mar 11, 2025 7:01am Mar 11, 2025 7:01am
Quoting Malkolm
{quote} Entry 6: -6 {image} {image}
Entry 7: +7
Reasons for entry:
1) Price near yesterday's open
2) ATR 80%


I entered at the high opening of the day M15, on M1. Further, I trailed stop-loss on M1 to avoid potential loss. As soon as the price reached M30 - closed the deal at take profit
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  • #19,948
  • Mar 11, 2025 8:25am Mar 11, 2025 8:25am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,949
  • Mar 11, 2025 8:33am Mar 11, 2025 8:33am
Quoting Malkolm
{quote} Entry 7: +7 Reasons for entry: 1) Price near yesterday's open 2) ATR 80% I entered at the high opening of the day M15, on M1. Further, I trailed stop-loss on M1 to avoid potential loss. As soon as the price reached M30 - closed the deal at take profit {image}
Entry 8: +1

Entered from M15 opening high, then fixed +1 when reaching +5
Reason to move the stop rather than take +5 at once: ATR 106%, reversal is likely. Price reached +1, closed me at take profit and went down
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  • #19,950
  • Mar 11, 2025 8:51am Mar 11, 2025 8:51am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,951
  • Mar 11, 2025 9:10am Mar 11, 2025 9:10am
Quoting Malkolm
{quote} Entry 8: +1 Entered from M15 opening high, then fixed +1 when reaching +5 Reason to move the stop rather than take +5 at once: ATR 106%, reversal is likely. Price reached +1, closed me at take profit and went down {image} {image}
Entry 9: +23.3
My personal record for the number of pips in 1 trade. Been waiting for a trade all day. Cheers!
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  • #19,952
  • Mar 11, 2025 9:21am Mar 11, 2025 9:21am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,953
  • Mar 11, 2025 9:24am Mar 11, 2025 9:24am
Quoting Malkolm
{quote} Entry 9: +23.3 My personal record for the number of pips in 1 trade. Been waiting for a trade all day. Cheers! {image}
Did you get out too early or too late? Looks like the trade was over +40.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,954
  • Mar 11, 2025 9:35am Mar 11, 2025 9:35am
Quoting TooSlow
{quote} Did you get out too early or too late? Looks like the trade was over +40.
I underperformed and got out early because my trading script was not prescribed to translate +5 at +10, and at +15 to +10

There comes a time when it needs to be done

But, judging by the M1 chart, in this case I would have been closed at +28, I would not have reached +40, but +28 is more than good!

Have I taken everything into account here, Mate?
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  • #19,955
  • Mar 11, 2025 10:10am Mar 11, 2025 10:10am
Hi TooSlow, In these cases, where the maxH1 is crossed, what should we do? Since our sale operation has been invalidated?
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  • #19,956
  • Mar 11, 2025 2:30pm Mar 11, 2025 2:30pm
Quoting Malkolm
{quote} I underperformed and got out early because my trading script was not prescribed to translate +5 at +10, and at +15 to +10 There comes a time when it needs to be done But, judging by the M1 chart, in this case I would have been closed at +28, I would not have reached +40, but +28 is more than good! Have I taken everything into account here, Mate? {image}
Trading script? Where in the rules is there anything about a trading script?

If you want to learn how to trade HOLO, you must do the trading, not a script.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,957
  • Mar 11, 2025 2:32pm Mar 11, 2025 2:32pm
Quoting LinuxBoy97
Hi TooSlow, In these cases, where the maxH1 is crossed, what should we do? Since our sale operation has been invalidated? {image}
Are you in a trade that has moved against you? Use your risk management.

Are you waiting to enter? Follow the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,958
  • Edited 3:10pm Mar 11, 2025 2:52pm | Edited 3:10pm
Quoting TooSlow
{quote} Trading script? Where in the rules is there anything about a trading script? If you want to learn how to trade HOLO, you must do the trading, not a script.

It is an assistant that in 2 clicks calculates the % of capital to enter and allows you to set stop loss/take profit taking into account these parameters.

Otherwise, there are no algorithms/robots or anything that can interfere with trading, I am against it and make trading decisions myself according to the rules, Mate
  • #19,959
  • Mar 12, 2025 5:37am Mar 12, 2025 5:37am
Quoting Malkolm
{quote} Entry 9: +23.3 My personal record for the number of pips in 1 trade. Been waiting for a trade all day. Cheers! {image}
Entry 10: +5

Total: +40
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  • #19,960
  • Mar 12, 2025 6:18am Mar 12, 2025 6:18am
Hello guys,
new to the thread. Posting snapshots here to confirm I have understood the trading method correctly.
This is from today EURUSD, european session.
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The first image is of setup for the day. Blue line is high for yesterday and red line is low for yesterday.
Orange line is today highest open candle and green line is todays lowest open candle.
We can see that we are not near highest and lowest from yesterday so no breakout warning.

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Now we have switched to M15 and price is near "area of interest". Now we wait for price to cross over and come back down.

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This is a couple hours later. As we can see we did cross the open high(orange line) and then turned back. My questions are:
1. Do we enter the trade if a candle crosses highest open and then comes back down or do we want a new candle for this?
2. The wig on the highest open candle is very small so SL would be very small from entry point. Is this correct?
3. As you can see I have written 2 entries on the chart. The first would probably be a loss or breakeven if I moved the SL. If price comes back up but then turns down again, do I enter again?

Many thanks! :-)
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