Highest Open / Lowest Open Trade

Quoting MichaelG

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How delinquent of me. Apologies TooSlow and all for my previous post. It has now been deleted. I haven't the right to post my "dreams" about what "might happen"......nor do I have the right to interfere with sound trade logic. I will go back into my Tasmanian hole and reflect. Again, sorry. Michael

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Quoting TooSlow

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BREAKOUTS So much confusion. Breakouts can cause losses. Mark Douglas said, "No one knows what will happen next." After price breaks out it is best to wait until the hour is over. Price can continue breaking out. The reason for this is to help prevent losses. (Rule #1) There will always be another trade. (Rule #5) The 1-2-3 method is based on this.

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Quoting courier12

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{quote} Hi Too Slow, I think you just cleared another area of confusion for me. I wait for the Close of H1 of ALL bars and not necessarily breakout H1 bars. Once the H1 bar closes, then I mark its HOLO and watch price on 5/15 min for an open in the area of interest. However, now it looks like: If price is not making a HH / LL for today, OR if today is not above yesterday Hi/Lo, DO NOT wait for the H1 to close. Take entry on the HOLO of this very H1 before it closes. On the other hand: If price is making a HH/LL for today OR if it is outside yesterdays...

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Quoting lemercenaire

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{quote} I would say good - it's not down, right. Are these all the same pair? If not, have you made a log of which pairs are perhaps bringing better results than others? Looking at those results with a cold-eye, if you can honestly say that all the rules/conditions were met and this was the outcome, then yes, that's good. You will get flat days. Once you are old-and-grizzly like me, you will be running 10 trades a day easily, so this would basically be one flat day...and you ​still came out ahead.

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Quoting mahmood.tava

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if any open candle behind H1_lowest_open occured all of them is breakout because they all behind yesterday low

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Quoting keen246

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{quote} Hi Lemercenaire, No, the trades were on different pairs, so with only 10 trades I cannot have a reasonable statistical sample to draw any sort of bias regarding which pair might perform better with the method. I'm glad you also find my initial challenge normal. I think it is. I'd like to see other traders results, but strangely, nobody post their results, only when they have the occasional +40 pips trade. Cheers

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Quoting lemercenaire

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{quote} Yeah, sorry, I posted then saw that you mentioned this later. If my memory serves me right, I posted up a quick breakdown of my pair-by-pair numbers (of trades taken but not p/l - just don't ask me where, sorry!) Just put it this way, some pairs pull their weight more than others, lol. For your interest, with most of the arvo taken off, my numbers for today are (after spreads): +5 +1 +11 +9 +19 +14 +11 +1 +9 (five are 1-2-3 trades) I do this with no sense of ego, purely to let you (and others) see that the essence of HOLO is its supreme...

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Quoting USCGamecocks

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