Attachments: Highest Open / Lowest Open Trade

Highest Open / Lowest Open Trade

#7,801
Oct 12, 2016 2:30pm Oct 12, 2016 2:30pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,316 Posts

Quoting dominus

Disliked

Hi TooSlow! Well, this is a simple method if I understood it correctly and an interesting one as well, thanks for sharing. Basically I just wait for the M15 Bar to open between the High line and the Open High line and enter short when the price reaches the line of Open High? For how long have you been using this method? Cheers

Ignored

Welcome, dominus.
Yes this is an extremely simple method.
Too simple for many.
Interesting?
Don't know.
Profitable?
Yes, I know.
Doesn't have to be the M15.
Can be M5, M30, H1.
Or even M1.
This method has been deployed for years.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#7,802
Oct 12, 2016 2:45pm Oct 12, 2016 2:45pm

dominus
| Joined Apr 2014 | Status: Trader | 55 Posts

Quoting TooSlow

Disliked

{quote} Welcome, dominus. Yes this is an extremely simple method. Too simple for many. Interesting? Don't know. Profitable? Yes, I know. Doesn't have to be the M15. Can be M5, M30, H1. Or even M1. This method has been deployed for years.

Ignored

The most difficult part I think is to sit and wait for the price to reach the needed levels. Will try this system out.

#7,803
Oct 12, 2016 2:52pm Oct 12, 2016 2:52pm

mizi123
Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts

Quoting dominus

Disliked

{quote} The most difficult part I think is to sit and wait for the price to reach the needed levels. Will try this system out.

Ignored

1 advice from me to don't do these (to seet and wait) start to trade in end of every sesion

#7,804
Oct 12, 2016 2:58pm Oct 12, 2016 2:58pm

dominus
| Joined Apr 2014 | Status: Trader | 55 Posts

You mean I should wait for the end of the London session and then trade? For example.

Quoting mizi123

Disliked

{quote} 1 advice from me to don't do these (to seet and wait) start to trade in end of every sesion

Ignored

#7,805
Oct 12, 2016 3:01pm Oct 12, 2016 3:01pm

mizi123
Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts

Quoting dominus

Disliked

You mean I should wait for the end of the London session and then trade? For example. {quote}

Ignored

Exactly

#7,806
Oct 12, 2016 3:07pm Oct 12, 2016 3:07pm

dominus
| Joined Apr 2014 | Status: Trader | 55 Posts

Thanks for the tip!

Quoting mizi123

Disliked

{quote} Exactly

Ignored

#7,807
Oct 12, 2016 3:39pm Oct 12, 2016 3:39pm

kunz78
| Joined Jan 2007 | Status: Trader | 156 Posts

Quoting doerpn

Disliked

nice 27 pips.... {image}

Ignored

How do u show the other pairs graphic on the lower section of the chart?

Thanks!

#7,808
Oct 12, 2016 5:55pm Oct 12, 2016 5:55pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting LinFX

Disliked

{quote} Â Oh, okay thanks TooSlow! That freight train is not in your rules. It's my fault to trade blindly with rules. I should have put common sense as well. Cheers dude. Your reply is damn helpful.Â

Ignored

Hi LinFX - On top of everything else, it always pays to be cautious of playing in markets after a big move in a short time.

I always like to think of it like the waters around the base of a huge waterfall, the way they swirl and boil before they eventually decide to move on. Not a safe place to swim.

Confusing, if nothing else.

#7,809
Oct 12, 2016 6:14pm Oct 12, 2016 6:14pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting dominus

Disliked

You mean I should wait for the end of the London session and then trade? For example. {quote}

Ignored

This is not a bad angle, as the US Session usually (often...could do...might...sometimes...) reverses the direction seen through the UK Session, at least to some extent. However be careful of confirmation bias in that.

However, if you are new to HOLO, concentrate first on learning the method before trying to filter trades, as doing so too early (or at all) will inevitably lead to you doing nothing but filtering out the winning trades and keeping the losers - such is the law of sod!

#7,810
Oct 12, 2016 11:58pm Oct 12, 2016 11:58pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,316 Posts

[quote=Rocket101;9194160]{quote} Thank you! My word - there's no medicine for stupidity! Please pardon the stupid novice questions.[/quote]

This is a friendly thread.

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