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Highest Open / Lowest Open Trade

  • #7,581
  • Oct 8, 2016 3:51pm Oct 8, 2016 3:51pm
Someone suggested having a FAQ.
I asked them to go through the thread and create one.
Guess they really don't want a FAQ.
Or they want someone else to do the work.
My notes include charts and posts valuable to me from other threads and traders.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,582
  • Oct 8, 2016 3:56pm Oct 8, 2016 3:56pm
Quoting lemercenaire
{quote} Indeed. You ended the week on a pretty good run. How are you feeling with HOLO? Are there any aspects you are still unsure about?
To be honest the "devil" stays in these daily high and lows. What i have done for myself i repeat for myself i have put the semafor and when he gives me a signal for the hh or LL and i em insede rules i swich on 5 min charts and i em waiting for entry. I know that some will say that semafor moves but i em waiting like a hunter to price stop make new HH and waiting for that holo lines to repaint and there i feel safty to enter. What i like the most these system is one if i can say the only who gives the erly entry signals were sl are the tight posible wich in most of the time are respected from price action! With other words i love these system, thanc you guys
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  • #7,583
  • Oct 8, 2016 3:59pm Oct 8, 2016 3:59pm
Quoting TooSlow
{quote} 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.

Thanks again for your reply but still haven't got one of my question's answer . As i saw in your last posts , you are using an indicator or EA by which you can select differrent time frames and pairs to trade from one chart . I'd like to know if it is some thing to share or not?
  • #7,584
  • Oct 8, 2016 5:09pm Oct 8, 2016 5:09pm
Quoting mizi123
{quote} To be honest the "devil" stays in these daily high and lows. What i have done for myself i repeat for myself i have put the semafor and when he gives me a signal for the hh or LL and i em insede rules i swich on 5 min charts and i em waiting for entry. I know that some will say that semafor moves but i em waiting like a hunter to price stop make new HH and waiting for that holo lines to repaint and there i feel safty to enter. What i like the most these system is one if i can say the only who gives the erly entry signals were sl are the...
SEMAFOR

One of the most misunderstood indicators available.
When a semafor appears for the first time, a breakout is under way.
Do not enter a reversal on a candle showing a semafor.
When the next candle opens, prepare for a reversal.
A next candle reversal is not guaranteed.
Notice I wrote prepare for a reversal.
Semafors usually occur in groups of 2 or more.
The semafor indicator does not repaint.
The semafor display is real time.
The indicator does not leave the old semafor when a new one follows it.
People mistake that feature as repainting.
I considered adding semafors on the chart but didn't want to confuse the masses or clutter the chart.
HOLO lines do not repaint either.
Plotting them by hand would require you to move the HOLO lines when a new H1 high/low was established.
Does that make you a repainter?


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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,585
  • Oct 8, 2016 5:15pm Oct 8, 2016 5:15pm
Quoting kasrafx
{quote} Thanks again for your reply but still haven't got one of my question's answer . As i saw in your last posts , you are using an indicator or EA by which you can select differrent time frames and pairs to trade from one chart . I'd like to know if it is some thing to share or not?
kasrafx, you are batting 1000 when it comes to questions that have been asked and answered.
I know you want to do this but you really need to read the thread.
The indicators you inquire about are from another galaxy.
They are not necessary.
At this stage in your HOLO training you should be focusing on one pair, one chart, one time frame.
No need to switch.
Following the path laid out in this thread is the one of least resistance.
Blazing your own path may not get you where you want to be.
As you read the thread, you will probably laugh when you see how many others have come before you with the same questions.
Green pips to you.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,586
  • Oct 8, 2016 5:17pm Oct 8, 2016 5:17pm
Quoting TooSlow
Someone suggested having a FAQ. I asked them to go through the thread and create one. Guess they really don't want a FAQ. Or they want someone else to do the work. My notes include charts and posts valuable to me from other threads and traders.
Would have thought Michael_G's doc would have answered pretty much any question anyone would need answered.
  • #7,587
  • Oct 8, 2016 5:53pm Oct 8, 2016 5:53pm
Quoting lemercenaire
{quote} Would have thought Michael_G's doc would have answered pretty much any question anyone would need answered.
But you have to read Post #1 to know the document exists!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,588
  • Oct 8, 2016 6:47pm Oct 8, 2016 6:47pm
Quoting TooSlow
{quote} But you have to read Post #1 to know the document exists!
Post #1 ??

Are you MAD ?!?

No need to read that.

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It takes courage to grow up and become who you really are - E.E. Cummings
  • #7,589
  • Oct 8, 2016 6:54pm Oct 8, 2016 6:54pm
Quoting TooSlow
{quote} SEMAFOR One of the most misunderstood indicators available. When a semafor appears for the first time, a breakout is under way. Do not enter a reversal on a candle showing a semafor. When the next candle opens, prepare for a reversal. A next candle reversal is not guaranteed. Notice I wrote prepare for a reversal. Semafors usually occur in groups of 2 or more. The semafor indicator does not repaint. The semafor display is real time. The indicator does not leave the old semafor when a new one follows it. People mistake that feature as repainting....
People hear of "experts" complaining about "repainting". Sooooo - it must be true.

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It takes courage to grow up and become who you really are - E.E. Cummings
  • #7,590
  • Oct 8, 2016 6:59pm Oct 8, 2016 6:59pm
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It takes courage to grow up and become who you really are - E.E. Cummings
  • #7,591
  • Oct 8, 2016 7:05pm Oct 8, 2016 7:05pm
Quoting PippyTheGrt
{image}
YOUR BEST WORK!!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,592
  • Oct 8, 2016 7:10pm Oct 8, 2016 7:10pm
What follows is the one pager 0f the Meta-Learning chapter of Tim Ferriss Four Hour Chef (the first part of CaFE is one-paging whatever you’re learning).

http://sebastianmarshall.com/community/110017
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,593
  • Oct 8, 2016 7:31pm Oct 8, 2016 7:31pm
hi guys
may be this expert advisor help.in the input section if you put lock 5 pips once your profit reach 5 pips it will lock 1 pip.afterwards each pip increase it will lock 1 pip. 5 pip reversal will stop out the trade
Attached File(s)
File Type: ex4 EAServant12.ex4   12 KB | 719 downloads
  • #7,594
  • Oct 8, 2016 7:39pm Oct 8, 2016 7:39pm
DiSSS and CaFE: Tim Ferriss’ approach to quick mastery of any topic

http://www.kevinhabits.com/disss-and...-of-any-topic/
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,595
  • Oct 9, 2016 4:42am Oct 9, 2016 4:42am
Quoting TooSlow
{quote} FXCM is safe. Sure hope so!
yes, FXCM is safe. but they have commision 0.08 per 1k plus spread.

so if trade hit sl be+1 which will be $0.1 profit if i trade 0.01 lot, and commission is 0.13 like on picture below, then i am not in profit but in minus.

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  • #7,596
  • Oct 9, 2016 4:55am Oct 9, 2016 4:55am
Quoting TooSlow
{quote} YOUR BEST WORK!!
Simple does it, buddy
Cheers.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #7,597
  • Oct 9, 2016 5:59pm Oct 9, 2016 5:59pm
Attached Image (click to enlarge)
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Found a buttons indicator I can share.
Attached File(s)
File Type: mq4 BUTTONS.mq4   6 KB | 1,003 downloads
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,598
  • Oct 9, 2016 7:25pm Oct 9, 2016 7:25pm
I'm considering starting the 10 trade challenge.

However, there is something in post #1 that seems to me to be a misstatement, if my understanding of the rules is correct:
Quoting TooSlow
We can see how many days price closes above the highest H1 open and below the lowest H1 open. Zero will mean there would not have been a loss when the rules were followed.
Since the rules for this method are so precise, and everything is set out so clearly and logically, my only conclusion is that I may not understand the method completely.

Let's say that in hour X, a new highest open is created, and a new daily high.
In hour Y, price:
-- opens below the highest open, then
-- rises above the highest open (from hour x),
-- does not breach the daily high,
-- remains poised between the highest open and the daily high for 15 minutes, and then
-- falls below the highest open.

I enter short when price passes down through the highest open.
My trade goes in my favor 3 pips, and then reverses upward, breaching the daily high.
Since the trade did not move 5+ pips in my favor I did not set a stop at BE+1.
If I follow the rules faithfully, I take a loss when the daily high is taken out.
Price may SUBSEQUENTLY close below the highest open, but I have still taken a loss that day.

Quoting TooSlow
We can see how many days price closes above the highest H1 open and below the lowest H1 open. Zero will mean there would not have been a loss when the rules were followed.
Is this statement correct? If so, can someone please point out where my misunderstanding lies?
This may come across as nit-picking, but I am in fact interested in testing this methodology, and I would simply like to be sure that I understand post #1 correctly before proceeding.

Thanks.
Student of the Markets
  • #7,599
  • Oct 9, 2016 7:48pm Oct 9, 2016 7:48pm
Quoting dchristi
I'm considering starting the 10 trade challenge. However, there is something in post #1 that seems to me to be a misstatement, if my understanding of the rules is correct: {quote} Since the rules for this method are so precise, and everything is set out so clearly and logically, my only conclusion is that I may not understand the method completely. Let's say that in hour X, a new highest open is created, and a new daily high. In hour Y, price: -- opens below the highest open, then -- rises above the highest open (from hour x), -- does not breach...
You are correct.
Learn to dance with the market.
The market always leads.
When you are at BE+3 you are waiting for BE+5 to move your stop to BE+1.
Market dances against you.
Market is telling you which way to dance.
Allowing BE+3 to become BE- is not dancing with the market.
No shame in exiting at BE+1 or BE when the market dances in that direction.
Please remember, the rules are guidelines.
Cheers!

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,600
  • Oct 9, 2016 8:43pm Oct 9, 2016 8:43pm
Quoting TooSlow
{quote} You are correct. Learn to dance with the market. The market always leads. When you are at BE+3 you are waiting for BE+5 to move your stop to BE+1. Market dances against you. Market is telling you which way to dance. Allowing BE+3 to become BE- is not dancing with the market. No shame in exiting at BE+1 or BE when the market dances in that direction. Please remember, the rules are guidelines. Cheers! {image}
Okay, thanks.

That works for me.
Student of the Markets
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