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Highest Open / Lowest Open Trade

  • #4,601
  • Edited 3:30am Aug 8, 2016 3:05am | Edited 3:30am
Quoting TooSlow
{quote} What was the hardest part for you to learn, lemercenaire?
​I am a very visually orientated person and initially having to take in the blizzard of 'higher-highs/higher-lows/lower-highs/lower-lows/lower-lower-lows/higher-higher-highs' etc etc et al lol was a turn off. The charts that were being posted at the time had also 'evolved' into the more complex and detailed ones, with the multiple time-frame lines all on one chart...just too much for me...too busy. I then deconstructed the image. (Of course all the while, reading and re-reading the thread's original post). My brother is a hedge-fund trader and he told me that the strategy is used (in a slightly different way) on the higher time frames (weekly etc) and was as solid as a rock (no EAs used lol) and he said to treat it like a screenplay (I wear other hats in life!) in that there will be a core idea/concept that runs through the whole piece - find that and all the rest is immaterial. So that's what I did. (Perhaps this will also help those less experienced who still seem to be struggling to get a handle on it). I opened 5 charts on the H1 TF. Bars, not candles. All green - no up or down colours. ZERO distractions. I marked up the H1 High first, settled down with the first of many cups of tea and simply watched the price on the H1 chart as it would move through that line, pause and then move back down through. That was the light-bulb moment. No 15min chart...no 5min chart...H1 a line and a price. As the Open moved higher or lower, I'd adjust accordingly if needed and then just follow it through the day. Noting how many times it went up through...came back down...went up through...came back down. Hypnotic. Mesmerizing. The next day I added the Low open and repeated the process. The next I put the two together...and that was it, it all clicked into place. Not once did I leave those H1 charts. Just repeat, repeat, repeat. Then I read Post #1 again. In another lifetime, I was a professional placekicker in American Football and I understand and embrace the concept of repetition and muscle memory - this is no different. I now coach other kickers - deconstruct and rebuild. Get stronger. My partner is a MuayThai fighter - exactly the same - practice the same kick 1,000 times. There are no shortcuts in life. Put in the work - success will come. Then read post #1 again lol (I also - as said before - use an earlier, simpler, indicator and especially prefer to move the chart TF on the same tab. This has a secondary benefit in that I can scan the bottom of the screen and when I see one is on the M15/M5 or M1 TF, then I know that a trade is either running on that pair or being keyed up).
  • #4,602
  • Aug 8, 2016 3:24am Aug 8, 2016 3:24am
An example of what I mean.
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  • #4,603
  • Aug 8, 2016 3:26am Aug 8, 2016 3:26am
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​Then...
  • #4,604
  • Aug 8, 2016 6:04am Aug 8, 2016 6:04am
Quoting TooSlow
{image} M30 for you PTG {file}
What do you know about this copyright file you posted?
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It takes a lot for me to IGNORE you, but you can try.
  • #4,605
  • Aug 8, 2016 6:08am Aug 8, 2016 6:08am
[quote=mosiskv;9054611]
Quoting TooSlow
{quote} Welcome mosiskv: Interesting looking charts. Maybe you can share the template and indicators. /quote] Hi You are welcome Cheers PS - One of my favourites {file} {image}
Well, what do you know? Too Slow based his whole trading on TRO copyright indicators posted in this thread
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It takes a lot for me to IGNORE you, but you can try.
  • #4,606
  • Aug 8, 2016 6:26am Aug 8, 2016 6:26am
Ignore button works
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,607
  • Aug 8, 2016 6:28am Aug 8, 2016 6:28am
Quoting lemercenaire
{quote} ​I am a very visually orientated person and initially having to take in the blizzard of 'higher-highs/higher-lows/lower-highs/lower-lows/lower-lower-lows/higher-higher-highs' etc etc et al lol was a turn off. The charts that were being posted at the time had also 'evolved' into the more complex and detailed ones, with the multiple time-frame lines all on one chart...just too much for me...too busy. I then deconstructed the image. (Of course all the while, reading and re-reading the thread's original post). My brother is a hedge-fund...
Thanks for your insights. It gave me an idea how to organize my work flow in a better way.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,608
  • Aug 8, 2016 6:50am Aug 8, 2016 6:50am
[quote=Erebus;9072430]
Quoting mosiskv
{quote} Well, what do you know? Too Slow based his whole trading on TRO copyright indicators posted in this thread {image}
Too Slow is none else than TRO. So don't get surprised. His branding style gives him away. In any case, he is a genius.
Practice makes a person perfect
  • #4,609
  • Aug 8, 2016 6:52am Aug 8, 2016 6:52am
Quoting PippyTheGrt
{quote} Thanks for your insights. It gave me an idea how to organize my work flow in a better way.
You're more than welcome.
  • #4,610
  • Aug 8, 2016 6:59am Aug 8, 2016 6:59am
Quoting lemercenaire
{quote} ​I am a very visually orientated person and initially having to take in the blizzard of 'higher-highs/higher-lows/lower-highs/lower-lows/lower-lower-lows/higher-higher-highs' etc etc et al lol was a turn off. The charts that were being posted at the time had also 'evolved' into the more complex and detailed ones, with the multiple time-frame lines all on one chart...just too much for me...too busy. I then deconstructed the image. (Of course all the while, reading and re-reading the thread's original post). My brother is a hedge-fund...
Thank you Lemercenaire. This was very helpful. Never knew Hedge Funds also followed such a simple process...Simple but not easy.
  • #4,611
  • Aug 8, 2016 7:07am Aug 8, 2016 7:07am
Quoting PippyTheGrt
Ignore button works
​Thank you for putting it to good use!
  • #4,612
  • Aug 8, 2016 7:25am Aug 8, 2016 7:25am
Quoting courier12
{quote} Thank you Lemercenaire. This was very helpful. Never knew Hedge Funds also followed such a simple process...Simple but not easy.
There is a great misapprehension that those who deal in the billions must be hiding some secret key to the universe - only accessed by those who possess the secret handshake, whereas nothing could be further from the truth. That truth being that they keep it simple. They are patient. They find an edge and only play when that edge is present. Yes, they possess the knowledge of a trained professional in this business - how to make the price move. How to sucker in the greedy, the reckless and the unwary. Nothing sums up a hedge-fund's attitude better than TooSlow's adage that BE+1 is always better than a loss. It's all about the bottom line. A house-manager will make his monthly by bagging whatever his percentage of the profit gained for the clients is that month - do you really think he is going to be faffing about with £99.99 EAs and complex methodology? No, he plays the long game. He buys when all the little people are selling and sells when they are buying. Who do you think got those same people into that position where they wanted to buy or sell? The Gorillas. They push the market about till it goes where they want it to go. I've seen it done live and it's scary as hell! Those who are here on this thread are as close to hanging with the big boys as we are going to get - doing what they do (albeit on a tiny scale). Thank TooSlow for that, grab onto their coat-tails and enjoy the ride, guys!
  • #4,613
  • Aug 8, 2016 7:42am Aug 8, 2016 7:42am
[quote=simnz;9072479]
Quoting Erebus
{quote} Too Slow is none else than TRO. So don't get surprised. His branding style gives him away. In any case, he is a genius.
Thanks for that information, as you know, he is banned on too many forums, so he probably won't be too happy with you
It takes a lot for me to IGNORE you, but you can try.
  • #4,614
  • Aug 8, 2016 7:46am Aug 8, 2016 7:46am
Quoting Erebus
{quote} What do you know about this copyright file you posted? {image}
From my PM:

------------------------------------ ------------------------------------ ---------
To: TooSlow | From: SwingMan | Sent: Jun 6, 2016 8:47am
------------------------------------ ------------------------------------ ---------
Sure my friend, if you think this is helpfull for the members!

------------------------------------ ------------------------------------ ---------
To: SwingMan | From: TooSlow | Sent: Jun 6, 2016 16:57
------------------------------------ ------------------------------------ ---------
May I have permission to post your code in my thread?
Thanks.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,615
  • Aug 8, 2016 7:50am Aug 8, 2016 7:50am
Quoting TooSlow
{quote} From my PM: ------------------------------------ ------------------------------------ --------- To: TooSlow | From: SwingMan | Sent: Jun 6, 2016 8:47am ------------------------------------ ------------------------------------ --------- Sure my friend, if you think this is helpfull for the members! ------------------------------------ ------------------------------------ --------- To: SwingMan | From: TooSlow | Sent: Jun 6, 2016 16:57 ------------------------------------ ------------------------------------ --------- May I have permission...
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​
  • #4,616
  • Aug 8, 2016 7:51am Aug 8, 2016 7:51am
Quoting TooSlow
{quote} From my PM: ------------------------------------ ------------------------------------ --------- To: TooSlow | From: SwingMan | Sent: Jun 6, 2016 8:47am ------------------------------------ ------------------------------------ --------- Sure my friend, if you think this is helpfull for the members! ------------------------------------ ------------------------------------ --------- To: SwingMan | From: TooSlow | Sent: Jun 6, 2016 16:57 ------------------------------------ ------------------------------------ --------- May I have permission...
But it's not his thread, it's your thread

Or are you having multiple user names again

And just here to promote your indicators some more by stealth

Time will tell
It takes a lot for me to IGNORE you, but you can try.
  • #4,617
  • Aug 8, 2016 7:52am Aug 8, 2016 7:52am
[quote=Erebus;9072552]
Quoting simnz
{quote} Thanks for that information, as you know, he is banned on too many forums, so he probably won't be too happy with you
Erebus

Who you think you are .... kind of self proclamed judge ??....before to accuse people of something you better read the thread ..... and its clear for everyone who read the thread from THE BEGINNING that swingman agree .... so go somewhere to put the mess ....(kind of your habit i believe if i count how many people put you on heir ignore list)

Cheers

SB
trying to make everyday the best risk/reward decisions possible
  • #4,618
  • Aug 8, 2016 7:55am Aug 8, 2016 7:55am
​It's a bit like pulling teeth today on the charts...patience...patience...
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  • #4,619
  • Aug 8, 2016 7:57am Aug 8, 2016 7:57am
[quote=slowbrain;9072563]
Quoting Erebus
{quote} Erebus Who you think you are .... kind of self proclamed judge ??....before to accuse people of something you better read the thread ..... and its clear for everyone who read the thread from THE BEGINNING that swingman agree .... so go somewhere to put the mess ....(kind of your habit i believe if i count how many people put you on heir ignore list) Cheers SB
Don't rise to it...be calm.
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  • #4,620
  • Aug 8, 2016 7:58am Aug 8, 2016 7:58am
Quoting lemercenaire
{quote}​Thank you for putting it to good use!
Other's opinion of me is none of my business.
Better to keep my focus on my business.
The only person I have anything to prove to is myself.
My approval is the only one that matters.
It takes a lot for me to IGNORE you, but you can try.
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