Highest Open / Lowest Open Trade

Who is taking the 10 trade challenge the week of FEBRUARY 1, 2026?

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! first step I'm looking for a less volatile pair I'll put the NY time zone on my chart to copy the points exactly. your 17:00 is my 14:30 time zone Budapest. I'll apply soon

The following pictures will be so that I can understand this correctly. If not, please correct me so that I can ask.

Hi Hunwarrior.
I hope this helps. Forget about the time difference between NY and Budapest. You are trading reversals from daily highs, which can occur at any time.
It is widely acknowledged that the opening of the new 24H trading day begins immediately after NY close. Some brokers won't open for trading at that time. Mine does, so I guess the best you can do is to take the open of the first candle the broker offers, and use that as your daily open......or probably better.....the close price of the last candle of the previous day as the new daily open price.
Please refer to the chart below...


As you can see, candle A printed the Highest H1 open price for the day (so far). It also went on to print a new Daily High. Thus creating a new "Area Of Interest" (AOI). The entry rule for HoLO is that you would be looking at a LOWER time frame for a candle to open within that new AOI. (between the Daily High and the Highest H1 Open price)
I won't bore you with too many charts, but according to the M30 and M15, no such entry appeared. The M5 DID have an open in the AOI, but only by about 3 points, so it would have been difficult to get on a trade at the Highest H1 open price unless you have a very small spread.

This setup WAS tradeable though, on TooSlow's other thread, the 1-2-3, which doesn't require a lower time frame open in the AOI. It just needs to have price enter the AOI on the H1 timeframe to validate an entry. As you can see, candle B did exactly that, and a valid entry at the Highest H1 open price would have been successful.
Please refer to that thread for further info. https://www.forexfactory.com/thread/...imple-as-1-2-3
Hope that helps.
cheers Michael

Hello! yes it helps, based on this I will backtest a little, then start trading the system in a demo, I will definitely look at the 1 2 3 system shown. thanks for the clarification!

Hi TooSlow. I want to ask - what is better practice when using buy stop/sell stop orders. For example, on your last trade, would you set the buy stop order exactly at 156.589 or would you set it as 156.589+"current spread" which is 0.8 pips at the time?

Depends...

is it the first attempt at crossing the line or not?

first attempt with spread, subsequent attempts exactly at the line.

Who is taking the 10 trade challenge the week of FEBRUARY 8, 2026?

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

On my broker it didn't give me the opportunity to enter as you did

I suggest you use only the HOLO indicators and template supplied.