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Highest Open / Lowest Open Trade

  • #7,541
  • Oct 7, 2016 11:05am Oct 7, 2016 11:05am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,542
  • Oct 7, 2016 11:35am Oct 7, 2016 11:35am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,543
  • Oct 7, 2016 11:38am Oct 7, 2016 11:38am
Wow , my best day so far, patience patience and more patience pays off , thank you all. That's enough for me today I just positive pips for my first week which I very happy with. A few silly mistakes at the start of the week being to eager to get involved. I can only trade a couple of days next week but will report back ☺
A pleasant weekend to all !
  • #7,544
  • Oct 7, 2016 11:52am Oct 7, 2016 11:52am
Quoting rockanore
Wow , my best day so far, patience patience and more patience pays off , thank you all. That's enough for me today I just positive pips for my first week which I very happy with. A few silly mistakes at the start of the week being to eager to get involved. I can only trade a couple of days next week but will report back ☺ A pleasant weekend to all !
Glad to hear that, rockanore.
Success breeds success.
What were your mistakes?
Others may learn from them.
Thank you.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,545
  • Oct 7, 2016 12:17pm Oct 7, 2016 12:17pm
I don't have any charts to show however here's my thoughts.
I tried to make some trades Monday pre London open as I was going to work and wasn't focused. I made a trade when the daily range was to tight. I had one trade where I was in profit +5 and didn't lock in profit, the trade went back into negative around -7 before I decided to close? Little things that I WILL learn from.
I apprieciate all the advice from the more experienced guys here
  • #7,546
  • Oct 7, 2016 1:07pm Oct 7, 2016 1:07pm
Quoting rockanore
I don't have any charts to show however here's my thoughts. I tried to make some trades Monday pre London open as I was going to work and wasn't focused. I made a trade when the daily range was to tight. I had one trade where I was in profit +5 and didn't lock in profit, the trade went back into negative around -7 before I decided to close? Little things that I WILL learn from. I apprieciate all the advice from the more experienced guys here
Good feedback.
Positive attitude.
Well done
It takes courage to grow up and become who you really are - E.E. Cummings
  • #7,547
  • Oct 7, 2016 1:09pm Oct 7, 2016 1:09pm
Quoting hornet
5m entry on USDSGD {image} edit: BE+1
Hi Buddy - just catching up. You do seem to trade some ''interesting'' pairs, lol. How do you find the Singapore Dollar pairs up for HOLO trades?
  • #7,548
  • Oct 7, 2016 1:27pm Oct 7, 2016 1:27pm
promising.subscribed
  • #7,549
  • Oct 7, 2016 1:29pm Oct 7, 2016 1:29pm
hi tooslow thank you for the system .this method can trade any time of the day?
  • #7,550
  • Oct 7, 2016 1:40pm Oct 7, 2016 1:40pm
Quoting rockanore
Wow , my best day so far, patience patience and more patience pays off , thank you all. That's enough for me today I just positive pips for my first week which I very happy with. A few silly mistakes at the start of the week being to eager to get involved. I can only trade a couple of days next week but will report back ☺ A pleasant weekend to all !
Great stuff, rockanore. Patience really is the key. Well done and thanks for the feedback. Learning to be honestly and calmly self-analytical is really helpful and will do a lot to take you forward.

From the looks of your comments later, you are following the same path as many of us (all of us?) here when we began trading, in being over-eager, getting the timing wrong, over-thinking things and getting a bit overwhelmed by it all. There is nothing wrong with all of that - silly mistakes are part of growth. The main thing is that you learn from them. You're doing nothing fundamentally or horrendously wrong, it's just a case of tidying things up a bit. You'll get there! Have a great weekend.
  • #7,551
  • Oct 7, 2016 1:47pm Oct 7, 2016 1:47pm
Quoting learn2fly
{quote} price move not more than 5 pips. so not moving the sop loss according to rule 4 am i right? master {image} patience works {image}
Nicely done, learn2fly - isn't it really satisfying to know that you took what you have learned so far and put it to work, not needing to be spoon-fed the answers?

Nice, clean, chart, eh PtG?!
  • #7,552
  • Oct 7, 2016 1:54pm Oct 7, 2016 1:54pm
Quoting wealthpro
hi tooslow thank you for the system .this method can trade any time of the day?
Welcome wealthpro.

If it doesn't specify specific time in post #1, you can trade it any time of the day.

Post #1 is the go-to place for answers to questions
It takes courage to grow up and become who you really are - E.E. Cummings
  • #7,553
  • Oct 7, 2016 1:56pm Oct 7, 2016 1:56pm
Quoting lemercenaire
{quote} Nicely done, learn2fly - isn't it really satisfying to know that you took what you have learned so far and put it to work, not needing to be spoon-fed the answers? Nice, clean, chart, eh PtG?!
Love it !
It takes courage to grow up and become who you really are - E.E. Cummings
  • #7,554
  • Oct 7, 2016 2:05pm Oct 7, 2016 2:05pm
Quoting wealthpro
promising.subscribed
Welcome aboard, wealthpro. Good to see you here. As for your question about time of day - it's like anything else in trading, busy times move the price more. Ranges will narrow at other times. This isn't necessarily a bad thing except that the space for your ''area of interest'' may become pretty shallow and as a result the distance between your entry and stop loss may be really tight and need some adjustment.

The only other thing to consider is that early in your broker's trading day, you will find your indi won't have a lot of info to work with. That is why it can be an idea to add the indicator to a broker that has an earlier open time and then you will have a bit of breathing room on your chart. This seems to be an issue those who live and trade the Asian session have in particular.

Are you taking the 10-Trade Workout? Go for it! Plus to keep Pippy happy, use the weekend to read Post #1, lol
  • #7,555
  • Oct 7, 2016 2:20pm Oct 7, 2016 2:20pm
Quoting lemercenaire
{quote} Welcome aboard, wealthpro. Good to see you here. As for your question about time of day - it's like anything else in trading, busy times move the price more. Ranges will narrow at other times. This isn't necessarily a bad thing except that the space for your ''area of interest'' may become pretty shallow and as a result the distance between your entry and stop loss may be really tight and need some adjustment. The only other thing to consider is that early in your broker's trading day, you will find your indi won't have a lot of info to...
thank you for the info
  • #7,556
  • Edited 3:05pm Oct 7, 2016 2:33pm | Edited 3:05pm
Quoting lemercenaire
{quote} Welcome aboard, wealthpro. Good to see you here. Plus to keep Pippy happy, use the weekend to read Post #1, lol
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It takes courage to grow up and become who you really are - E.E. Cummings
  • #7,557
  • Oct 7, 2016 2:35pm Oct 7, 2016 2:35pm
i cant find safe broker which have low cost of commission. if stoploss is at be+1, every that be+1 trade will be loser beacuse of commission... can you help me guys..?

and, broker will allow to have so much 1pip profit?
thanks
if posting about broker here on forum isnt allowed, you can pm me if you want
  • #7,558
  • Oct 7, 2016 4:58pm Oct 7, 2016 4:58pm
Really interesting thread , I'm going to test this system as rules in page #1
Is there any updates for the trading rules or trading at higher time frames (H1 and M15) ?
also where can i find the indicator with H1 shadow?

Thanks in advance and green pips to all
  • #7,559
  • Oct 7, 2016 5:16pm Oct 7, 2016 5:16pm
Quoting wealthpro
hi tooslow thank you for the system .this method can trade any time of the day?
Welcome to the thread, wealthpro.
Yes you can trade this method during any session.
Select the appropriate pairs for the session you are trading.
NZD, AUD and JPY pairs are best in the Asian session.
GBP, EUR, USD pairs are best during London and NY sessions.

You appear to be an experienced trader.
Let me offer a word of caution.
Do not let the simplicity of HOLO fool you.
For you to have success with HOLO you need to leave what you know behind.
Otherwise you will be tempted to tinker and never truly master HOLO.
When you study karate, you leave judo at the door.
When you study judo, you leave karate at the door.
You will be tempted to add your favorite indicators to the chart, DON'T.
We have supplied all the indicators you need for FREE.
You will be tempted to use chart formations to assess the setups, DON'T.
Use the HOLO setups.
Learn HOLO.
Follow the rules.
Take the 10 trade, 0.01 lot challenge.
You will be pleasantly surprised.
Green pips to you.
Cheers.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,560
  • Oct 7, 2016 5:27pm Oct 7, 2016 5:27pm
Quoting kasrafx
Really interesting thread , I'm going to test this system as rules in page #1 Is there any updates for the trading rules or trading at higher time frames (H1 and M15) ? also where can i find the indicator with H1 shadow? Thanks in advance and green pips to all
Welcome to the thread, kasrafx.
Your question makes it obvious you have not read the thread.
Time frames are an illusion.
The highest H1 open is the same on all time frames.
You can use a monthly chart and the H1 highest open for the day would still be the same.
The candle shade indicators can be found around FF.
Now, start reading the trade.
Take the 10 trade challenge next week.
And start banking the pips.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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