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Highest Open / Lowest Open Trade

  • #19,961
  • Mar 12, 2025 5:21am Mar 12, 2025 5:21am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,962
  • Mar 12, 2025 5:23am Mar 12, 2025 5:23am
Quoting cantheman
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. {image} 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. {image} Now we have switched to M15 and price is near "area of interest". Now we wait for price to cross...
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Please read all of POST #1.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,963
  • Mar 12, 2025 5:33am Mar 12, 2025 5:33am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,964
  • Mar 12, 2025 6:15am Mar 12, 2025 6:15am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,965
  • Mar 13, 2025 4:59pm Mar 13, 2025 4:59pm
Hello TooSlow, I have returned to thread N1 to read the rules and I hope that the next entry is in accordance with them, in image number 1 I establish maximums and minimums of the previous day, to see what situation I am in, then in image number 2, I establish the H1Open and the H1High for the Asian session, as I expect a sale according to the lowest opening, I wait for the breakout and retreat to the area of interest, and finally in image number 3 the price breaks the H1 opening price marked previously giving the entry point, operate with caution since we are in a breakout of key levels, did I do it well?
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  • #19,966
  • Mar 13, 2025 5:47pm Mar 13, 2025 5:47pm
Quoting LinuxBoy97
Hello TooSlow, I have returned to thread N1 to read the rules and I hope that the next entry is in accordance with them, in image number 1 I establish maximums and minimums of the previous day, to see what situation I am in, then in image number 2, I establish the H1Open and the H1High for the Asian session, as I expect a sale according to the lowest opening, I wait for the breakout and retreat to the area of interest, and finally in image number 3 the price breaks the H1 opening price marked previously giving the entry point, operate with caution...
Where in the rules is the H1 high discussed?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,967
  • Mar 13, 2025 10:20pm Mar 13, 2025 10:20pm
Quoting LinuxBoy97
Hello TooSlow, I have returned to thread N1 to read the rules and I hope that the next entry is in accordance with them, in image number 1 I establish maximums and minimums of the previous day, to see what situation I am in, then in image number 2, I establish the H1Open and the H1High for the Asian session, as I expect a sale according to the lowest opening, I wait for the breakout and retreat to the area of interest, and finally in image number 3 the price breaks the H1 opening price marked previously giving the entry point, operate with caution...
Hi Marcelo.
Looking at your chart(s), there are a couple of things to note.
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Firstly, as TS said, there is no mention of the H1 high(or low) in the rules.
You should be looking at the DAILY high (or low) as you reference.
Candle A made that Daily high (at that time) and not Candle B. Candle B did print the Lowest H1 open as you have correctly marked and Candle C activated your trade entry, which is always at the Lowest H1 Open price. Again, correctly marked. Your STOP should be at the Daily HIGH.
Secondly, you have the previous days HIGH marked incorrectly. It was a lot higher. (as per my chart)

I hope that helps and good luck. Michael
  • #19,968
  • Mar 13, 2025 10:43pm Mar 13, 2025 10:43pm
Hello Michael, thank you very much for correcting my example, it is very helpful for me since I want to learn this system, and to TooSlow, I promise to improve to contribute more valuable content to the thread, excuse me if I ask for too much but I have seen many purchase examples, if you had Michael a saved purchase example I would greatly appreciate it, many greetings and good vibes to everyone, and have an excellent session full of many pips.
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  • #19,969
  • Mar 13, 2025 11:14pm Mar 13, 2025 11:14pm
Quoting LinuxBoy97
Hello Michael, thank you very much for correcting my example, it is very helpful for me since I want to learn this system, and to TooSlow, I promise to improve to contribute more valuable content to the thread, excuse me if I ask for too much but I have seen many purchase examples, if you had Michael a saved purchase example I would greatly appreciate it, many greetings and good vibes to everyone, and have an excellent session full of many pips. {image}
Sorry Mate. I can't right now but I will tomorrow
  • #19,970
  • Mar 14, 2025 3:43am Mar 14, 2025 3:43am
UJ sell +12
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  • #19,971
  • Mar 14, 2025 3:51am Mar 14, 2025 3:51am
+30, my pip record
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  • #19,972
  • Mar 14, 2025 8:44am Mar 14, 2025 8:44am
PAGE 500
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,973
  • Mar 14, 2025 1:13pm Mar 14, 2025 1:13pm
Hello everyone, some examples, I hope I understand...... have a great weekendĦĦĦĦ
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  • #19,974
  • Mar 15, 2025 1:09am Mar 15, 2025 1:09am
Quoting TooSlow
PAGE 500
Congrats Mate. A great method that still works And still plenty of interest. Happy days. (It's actually page 999 on my screen. Looking forward to 1000)
  • #19,975
  • Mar 15, 2025 1:26am Mar 15, 2025 1:26am
Quoting LinuxBoy97
Hello Michael, thank you very much for correcting my example, it is very helpful for me since I want to learn this system, and to TooSlow, I promise to improve to contribute more valuable content to the thread, excuse me if I ask for too much but I have seen many purchase examples, if you had Michael a saved purchase example I would greatly appreciate it, many greetings and good vibes to everyone, and have an excellent session full of many pips. {image}
Hi again Marcelo.
Here was a BUY trade (purchase) available on the AUDUSD yesterday (Friday).

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If you look at the H1 chart first you can see the Lowest H1 Open.... and the Daily LOW (Candle A). The area in between is the Area of Interest (AOI) where we are looking for a lower time frame candle to OPEN in the AOI to validate a trade.
As you can see, Candle B entered the AOI.

If you drop down to the M15 time frame, you will see that Candle C DID open in the AOI, so there is a valid trade available.
As Candle C moved up, it would have triggered an entry at the Lowest H1 Open, and as you can see, it would have been a winning trade.
Please note that the M30 time frame would have NOT given you a valid entry, so the M15 proved the ideal time frame on this occasion.

I hope that helps, Mate, and I'm sorry for the delay.
Cheers Michael
  • #19,976
  • Mar 15, 2025 8:09am Mar 15, 2025 8:09am
Who is taking the 10 trade challenge the week of March 16, 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
  • #19,977
  • Mar 15, 2025 8:20am Mar 15, 2025 8:20am
RISK MANAGEMENT


It is suggested the HOLO stop loss be placed 1 pip above the current daily high and 1 pip below the current daily low. However, the distance between entry and stop loss may exceed your current maximum risk per trade.

If you are trading 1 lot EURUSD and your maximum risk is $100, then 10 pips is the maximum move against you. If the HOLO stop loss exceeds 10 pips, then you must either set your stop at entry + 10 for shorts and entry - 10 for longs OR reduce your position size so if the trade is stopped out, the loss does not exceed $100.

The loss can be stopped before the stop loss is reached to preserve your capital.

For longs, if you enter at the H1 open and the lowest M30 open is below the H1 open and the lowest M15 open is below the M30 open, and price is dropping through those opens, perhaps you may want to consider exiting the trade and minimizing your loss.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,978
  • Edited 4:19pm Mar 15, 2025 8:33am | Edited 4:19pm
Quoting MichaelG
{quote} Hi again Marcelo. Here was a BUY trade (purchase) available on the AUDUSD yesterday (Friday). {image} If you look at the H1 chart first you can see the Lowest H1 Open.... and the Daily LOW (Candle A). The area in between is the Area of Interest (AOI) where we are looking for a lower time frame candle to OPEN in the AOI to validate a trade. As you can see, Candle B entered the AOI. If you drop down to the M15 time frame, you will see that Candle C DID open in the AOI, so there is a valid trade available. As Candle C moved up, it would have...
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION

Hey, thank you for the examples, I feel like I have a basic understanding of the system but want to get some clarification on a few things.

1. Lowest H1 Open (A) + Low of the Day (B) = Area of Interest (AOI)

2. Once AOI is formed, drop down to a lower timeframe (15 minute) and watch for a candle to enter the AOI and as soon as it exits, go long.

3. I was originally under the impression that you would Buy on candle B after it goes lower than the Lowest H1 Open and then goes back above the lowest H1 open.
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  • #19,979
  • Mar 15, 2025 8:44am Mar 15, 2025 8:44am
Quoting TooSlow
Who is taking the 10 trade challenge the week of March 16, 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
Hello TooSlow, how are you?

Thank you for the system and the knowledge you have shared. I was focused on the challenge this past week, trading only USDJPY. I noticed that I was breaking some rules, specifically number #1.

I will start the challenge again this new week, this time dedicated to applying the rules correctly. This system caught my attention because it is objective, with clear rules. You also seem to be an active, professional guy, and this whole issue of working with market reversals caught my attention because I am a very patient person.

Thank you.
  • #19,980
  • Mar 15, 2025 10:48am Mar 15, 2025 10:48am
Quoting LucasFX7
{quote} Hello TooSlow, how are you? Thank you for the system and the knowledge you have shared. I was focused on the challenge this past week, trading only USDJPY. I noticed that I was breaking some rules, specifically number #1. I will start the challenge again this new week, this time dedicated to applying the rules correctly. This system caught my attention because it is objective, with clear rules. You also seem to be an active, professional guy, and this whole issue of working with market reversals caught my attention because I am a very patient...
It's not my system so I don't take credit for it.

What are the reasons you are breaking rules, Mate?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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