It seems like it's only me who has losses. Anyone could provide some feedback as to why this trade was a loss? The daily breakout happened the hour before, so I waited to enter on the next hour. Notice how price went to my Buy Stop, triggered it and continued with the trend. I've seen that behavior quite often, but it seems like it only happens on my charts{image}
One thing I would add however, is that I see this particular trade is on EURGBP. One thing to know about using this pair for HOLO is that it tends to move in lovely, languid, waves and once it has picked a direction for the day, it tends to stick with it, or at very worse, will make a small fake-out early, then decide on a direction for the day. This can be great - and I have used it a lot myself, if you can catch that early fake or whatever in a HOLO move but once it's set, it's set, so be careful at the end of the day for instance (and I notice that this is at the end of the day for EUR and GBP...I wouldn't be trading this pair at that time, everyone's on the tube going home).
Reason I say this, is that I use it exclusively on a consolidation-break strategy in the early part of the day, precisely because I know that once it goes, it goes and I get very, very, VERY, few turns against me.
Stick with it mate, you'll get there.
Using HOLO means any trade against a trend is likely to be short-lived, often very short-lived.
), then I will go in at market - but yes, only if Rule #2 still gives me the all-clear... ...Oh come on...time to come clean here...I have in fact gone in in exactly the...
