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Highest Open / Lowest Open Trade

  • #6,821
  • Sep 27, 2016 8:34am Sep 27, 2016 8:34am
Quoting hornet;9163754[I
]in two minds about EY, so I will pass even though the level seems interesting[/i].
Seems like a better candidate for a 1-2-3 now. That USDCAD has pushed on to a BreakOut as well, though that may still come good later.
  • #6,822
  • Sep 27, 2016 8:36am Sep 27, 2016 8:36am
So I am testing this system on realtime:
1. AUDUSD:
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2.GBPUSD:
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3. EURGBP:
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And now I've taken:
4. EURUSD:
Attached Image (click to enlarge)
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  • #6,823
  • Sep 27, 2016 8:36am Sep 27, 2016 8:36am
Quoting lemercenaire
{quote} Seems like a better candidate for a 1-2-3 now. That USDCAD has pushed on to a BreakOut as well, though that may still come good later.
quick question:

123: is your #2 first touch of the line and its relative high? entry on break of #2?
(as in the image below)?
Attached Image
The quality of your life is brought about by the quality of your thinking.
  • #6,824
  • Sep 27, 2016 8:37am Sep 27, 2016 8:37am
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,825
  • Sep 27, 2016 8:41am Sep 27, 2016 8:41am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 51 KB


My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,826
  • Edited 9:01am Sep 27, 2016 8:43am | Edited 9:01am
Quoting hornet
{quote} quick question: 123: is your #2 first touch of the line and its relative high? entry on break of #2?
The way I play it, is that I wait for the bar after the high to test that high and enter when price crosses back over the second bar's open.

I will be very dubious/cautious if the test actually pushes higher before falling back, especially if the first bar has closed towards the end of the bar...but can still enter. It's subtle, I pay attention to the surroundings.

It's a work in progress, lol...
  • #6,827
  • Sep 27, 2016 8:51am Sep 27, 2016 8:51am
Quoting hornet
{quote} quick question: 123: is your #2 first touch of the line and its relative high? entry on break of #2? (as in the image below)? {image}
Just to prove it can still work despite my caution...

Again, this is my interpretation of TS's 1-2-3 set-up. I never take it off the H1 chart for a start. Hey, it works for me, what can I say...
Attached Image (click to enlarge)
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  • #6,828
  • Sep 27, 2016 8:53am Sep 27, 2016 8:53am
thank you LM
The quality of your life is brought about by the quality of your thinking.
  • #6,829
  • Sep 27, 2016 8:58am Sep 27, 2016 8:58am
That AUDCAD from earlier just about squeaked a win...

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  • #6,830
  • Sep 27, 2016 9:00am Sep 27, 2016 9:00am
Quoting hornet;9163850[highlight=Yellow
]thank you LM[/highlight]
You're welcome.
  • #6,831
  • Sep 27, 2016 9:03am Sep 27, 2016 9:03am
GBPUSD Heads-Up...

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  • #6,832
  • Sep 27, 2016 10:01am Sep 27, 2016 10:01am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 52 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,833
  • Sep 27, 2016 10:10am Sep 27, 2016 10:10am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 50 KB


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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,834
  • Sep 27, 2016 10:17am Sep 27, 2016 10:17am
''GBPUSD Heads-Up...''

Came good (ish)...Better than a kick in the teeth...

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  • #6,835
  • Sep 27, 2016 11:01am Sep 27, 2016 11:01am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 49 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,836
  • Sep 27, 2016 11:35am Sep 27, 2016 11:35am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 55 KB


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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,837
  • Sep 27, 2016 11:58am Sep 27, 2016 11:58am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 49 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,838
  • Sep 27, 2016 2:23pm Sep 27, 2016 2:23pm
i want to thank you for discussing and disclosing this beautiful strategy. i am following your thread from last few days and i consider your strategy one of the best as it captures the top and bottom of the wave. it can be further a robust to capture a big chunk of pips if we use it for retracement so that trade follow the trend. Otherwise it is good for scalping against the trend with caution.
On the images you show, there is an indicator showing the all time frames with different colour, if you dont mind, can you pl share or tell which one is that as it can be very useful for this strategy.
  • #6,839
  • Sep 27, 2016 6:16pm Sep 27, 2016 6:16pm
Quoting drone
i want to thank you for discussing and disclosing this beautiful strategy. i am following your thread from last few days and i consider your strategy one of the best as it captures the top and bottom of the wave. it can be further a robust to capture a big chunk of pips if we use it for retracement so that trade follow the trend. Otherwise it is good for scalping against the trend with caution. On the images you show, there is an indicator showing the all time frames with different colour, if you dont mind, can you...
Welcome aboard. Don't overthink things. HOLO does what it does. There is no need to try and label it as one thing or another. Forget about trends/counter-trends and retracements, at least initially. Take the time to go read Post #1...Treat the method with respect, don't look for shortcuts here - read the thread...then read Post #1 again. Take the 10-trade challenge and get a real feel for the method. Clear your mind of all else, it's just clutter and noise.

Follow the rules. See what happens. Build on that.

As for indicators, everything you need is in the attachment area. Keep it basic and simple. You don't need all the bells-and-whistles.
  • #6,840
  • Sep 28, 2016 2:48am Sep 28, 2016 2:48am
EURUSD The EURO off on another wander...

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