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Highest Open / Lowest Open Trade

  • #6,561
  • Sep 17, 2016 5:39pm Sep 17, 2016 5:39pm
Don't waste your own time and especially the time of those who are prepared to help you if you haven't read post #1 first.

No lame excuses. Read post #1.

It has been said over and over again in this thread: read post #1.

Those who know the non-rocket science as per post #1, know EXACTLY when someone hasn't read post #1.

You are making a FOOL of yourself if you don't read post #1. You are NOT taking yourself serious.

Do yourself a favor. Read post #1.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,562
  • Sep 17, 2016 6:16pm Sep 17, 2016 6:16pm
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It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,563
  • Sep 17, 2016 6:24pm Sep 17, 2016 6:24pm
Perseverance also to believe that there are people who not only are committed to reading post #1 but also to do whatever else is required to make this business work for them.

One such example would be to read this thread in the recycle bin: http://www.forexfactory.com/showthread.php?t=215432

Another tip: subscribe to the recycle bin. Good, interesting and worthwhile material is being thrown away, many times because the OP is fed up with noobs wanting to be spoon fed.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,564
  • Sep 17, 2016 7:12pm Sep 17, 2016 7:12pm
Quoting PippyTheGrt
{image}
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,565
  • Sep 17, 2016 7:12pm Sep 17, 2016 7:12pm
Quoting PippyTheGrt
I changed my signature. "Have you read Post #1 ?" EDIT and my avatar

You are killing me, PTG
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,566
  • Sep 17, 2016 7:13pm Sep 17, 2016 7:13pm
Quoting PippyTheGrt
{image}
PTG, did you forget to take your meds today?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,567
  • Sep 17, 2016 7:19pm Sep 17, 2016 7:19pm
POST #1 is where one can go to be "spoon fed" to become educated in this method.
Only after taking the 10 trade challenge, will you begin to learn.
I read an ad about deal making today.
Here's the interesting part of the ad:

On more than one occasion, I’ve been asked if I view dealmaking as an art or a science. It’s an interesting question. While it’s true that some of the basics are scientific, dealmaking, on the whole, is an art form. And the only way to excel at an art is to learn the best techniques possible, then practice those techniques over … and over … and over again.

Problem: Unlike dancing, painting, or playing a musical instrument, you can’t practice dealmaking at home. The only way to become a profit-producing dealmaker is to jump in and “do deals.” There’s no spring training, no preseason, no practice sessions. You can do a certain amount of preparation for each deal — which you should — but you cannot practice the art of dealmaking itself. When it comes to dealmaking, it’s strictly baptism by fire.

And that means being willing to jump in and get your feet wet … which, in turn, translates into rejection, embarrassment, and, yes, lots of failure. The willingness to fail is important because no matter how good you become at the nuances of dealmaking, your bottom-line results are tied to the law of averages. Which is to say that the more you work at dealmaking, the better you get at it and the more deals you close.

In other words, there is no shortcut to dealmaking success. No sitting at the kitchen table in your underwear, pecking away on a laptop and watching the money roll in. (The only thing that should roll when you read ads filled with such tripe is your eyes.) Professional dealmaking is a finely honed skill and should be approached in a serious manner.

Now, go back and reread the ad but substitute trading for dealmaking.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,568
  • Sep 17, 2016 7:21pm Sep 17, 2016 7:21pm
For those who failed to reread:

On more than one occasion, Ive been asked if I view TRADING as an art or a science. Its an interesting question. While its true that some of the basics are scientific, TRADING, on the whole, is an art form. And the only way to excel at an art is to learn the best techniques possible, then practice those techniques over and over and over again.

Problem: Unlike dancing, painting, or playing a musical instrument, you cant practice TRADING at home. The only way to become a profit-producing dealmaker is to jump in and do deals. Theres no spring training, no preseason, no practice sessions. You can do a certain amount of preparation for each deal which you should but you cannot practice the art of TRADING itself. When it comes to TRADING, its strictly baptism by fire.

And that means being willing to jump in and get your feet wet which, in turn, translates into rejection, embarrassment, and, yes, lots of failure. The willingness to fail is important because no matter how good you become at the nuances of TRADING, your bottom-line results are tied to the law of averages. Which is to say that the more you work at TRADING, the better you get at it and the more deals you close.

In other words, there is no shortcut to TRADING success. No sitting at the kitchen table in your underwear, pecking away on a laptop and watching the money roll in. (The only thing that should roll when you read ads filled with such tripe is your eyes.) Professional TRADING is a finely honed skill and should be approached in a serious manner.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,569
  • Sep 17, 2016 7:37pm Sep 17, 2016 7:37pm
4 Steps to Profit from Reversal Trades

http://chartexperts.com/articles/?ID=20
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,570
  • Sep 17, 2016 8:10pm Sep 17, 2016 8:10pm
Quoting TooSlow
{quote} PTG, did you forget to take your meds today?
LOL

What can I say. Sometimes I feel the need to make a point. No meds were eaten alive in the process

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It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,571
  • Sep 17, 2016 8:18pm Sep 17, 2016 8:18pm
Small piece from another (binned) thread:

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Why do I post this at all ?

Post your answers please. Thank you.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,572
  • Sep 17, 2016 11:24pm Sep 17, 2016 11:24pm
Quoting PippyTheGrt
Small piece from another (binned) thread: {image} Why do I post this at all ? Post your answers please. Thank you.
Please post link to thread.
Thank you.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,573
  • Sep 18, 2016 12:34am Sep 18, 2016 12:34am
TooSlow,
Your system doesn't work, I wrote an EA and here is test on GBPUSD M15

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TooSlow,
You are flooding here all the time and showing us a screens in history, but
can you show us your real monitoring on myfxbook with this system????
  • #6,574
  • Sep 18, 2016 4:07am Sep 18, 2016 4:07am
Quoting PippyTheGrt
{quote} DING DING DING WE HAVE A WINNERRRRR ! Read post #1 if you would please. The answer is right there. Have you done that ? Read post #1 ? Have you ? HAVE YOU ?? You're asking for help and you don't even read post #1. What's wrong with you ? I can't effin' believe this. People enough here who are wanting to help but YOU don't even read POST #1. {image} I have a warning for you. If you don't shape up, those who are being serious about the trading BUSINESS (yes, a BUSINESS) will take your money away. Think about that before you (and without a...
hi ptg. i ask tooslow how he trade breakout not reversal. and he say to me buy at high sell at low, my next question is where he set stoploss.
my question is about how tooslow trade breakout.
maybe its my mistake beacuse i ask tooslow about breakout and this thread is about reversal.

i undertsant holo method.
  • #6,575
  • Sep 18, 2016 5:23am Sep 18, 2016 5:23am
Quoting TooSlow
{quote} Please post link to thread. Thank you. Cheers!
http://www.forexfactory.com/showthread.php?t=302007
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,576
  • Sep 18, 2016 5:39am Sep 18, 2016 5:39am
Quoting ipsula
TooSlow, Your system doesn't work, I wrote an EA and here is test on GBPUSD M15 {image} TooSlow, You are flooding here all the time and showing us a screens in history, but can you show us your real monitoring on myfxbook with this system????
Just because your EA doesn't give you the results that you like, doesn't mean that the system doesn't work. It merely means that your EA doesn't work for you.

For starters, you have without a shadow of doubt read Post #7. Should that not be the case, for your convenience, here is the link: http://www.forexfactory.com/showthre...61#post8921461

Do you know what a straw man is ?

Flooding indeed. It's his thread. You don't like it ? Free to leave.

Real monitoring - ahh I see. You have spent time to write a piece of software that doesn't conform to what you'd like to see (profit ?), so it isn't your software that is wrong of course, it must be something else. "Can't be me, I am infallable". Right-o. And because of that, the OP needs to prove that it works. How pathetic.

Why don't you post your code for starters so people who know can give feedback.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,577
  • Sep 18, 2016 5:52am Sep 18, 2016 5:52am
Quoting spongetrap
{quote} hi ptg. i ask tooslow how he trade breakout not reversal. and he say to me buy at high sell at low, my next question is where he set stoploss. my question is about how tooslow trade breakout. maybe its my mistake beacuse i ask tooslow about breakout and this thread is about reversal. i undertsant holo method.
Hi spongetrap,
Indeed, HOLO is a reversal method, not a breakout method. If you want a breakout method, you will have to look elsewhere.
Try this thread (example): http://www.forexfactory.com/showthread.php?t=302007
You could also look for mechanical systems. In my profile I keep several authors with "good ideas". You could have a look at them too.
The stop loss for HOLO is answered in post #1.
Hope that helps
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,578
  • Sep 18, 2016 8:45am Sep 18, 2016 8:45am
Hi all!

I got just done reading through all the 329 pages in this thread, over a span of week, and all I can say is, what an amazing read!

I actually had to register just for this topic, to tell you how I feel after consuming all this amazing knowledge! Will be taking part of this topic from now on

This thread has literally changed the way I see trading, and the saying KISS (Keep it stupid simple) clicks with this so well, it's like an epiphany.

TooSlow: I love the way how you make us think for ourselves when asking questions, sometimes you give us a direct answer, sometimes a hint, but more often than not, you make us work our own brains and either think for the answer by ourselves by reading through all the pages(mostly by reading post 1#).
And guys, there are plenty of hidden gems within the 329 pages, so get on reading!

Conclusion, you don't spoonfeed and that is great, our mind will become much more confident with this system when our mind actually realizes the potential of it.

Starting from next week, I will take on the 10 trades challenge and will be posting my results here, I have to work from 9 to 5 pm (gmt+3), so I can only trade during the evenings, but thankfully with this system, time of the day matters none, but the pair does (not to be trading pairs that are sleeping).

Thank you for all your knowledge so far TooSlow and especially for the system you have taught to all of us! Also thank you for all the major contributors of this topic: PippyTheGrt, lemercenaire, MichaelG and many others for making the path towards understanding that much easier!

Cheers all and green pips to all of you for the upcoming week and the weeks and months and years to come!
  • #6,579
  • Sep 18, 2016 9:37am Sep 18, 2016 9:37am
Quoting ipsula
TooSlow, Your system doesn't work, I wrote an EA and here is test on GBPUSD M15 {image} TooSlow, You are flooding here all the time and showing us a screens in history, but can you show us your real monitoring on myfxbook with this system????
Welcome to the thread, ipsila.
It took Edison over 10,000 attempts to invent the lightbulb.
How many attempts have you made at creating an EA for this method before arriving at your conclusion?
My wild assumption is you haven't read most of this thread.
Have you taken the 10 trade challenge?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,580
  • Sep 18, 2016 9:42am Sep 18, 2016 9:42am
Hi,

I'm also trying to write EA to this strategy. It looks promising but I have question to you. I don't know the BE+1 shortcut. What does it mean?
I saw in one of answer:
"You didn't move your stop to BE+1?"
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