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Highest Open / Lowest Open Trade

  • #7,821
  • Oct 13, 2016 4:27am Oct 13, 2016 4:27am
Quoting lemercenaire
EURJPY The BreakOut leaves us with a bit of room South, so maybe potential here for later. {image}
it's way too cruel :'(

and here what I want to ask,
1. when I want to go long, I need Ask price to around LO while Bid has open below LO, or do I still use Bid price like when I'm going to go short?
2. about a certain picture above which is replied by 'use common sense', can you help me no, advice some explanation about it? well, I'd some knowledge about S and R, but, I just can't seem understand the 'proper' common sense of market price , so that...
3. I can avoid some of the so-called 'freight train', is it due prev price big momentum? but then, how do I tell when I can "set" the proper "this is H1 potential HO/LO" (because perhaps it'll be an impossible way to know).

thanks
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  • #7,822
  • Oct 13, 2016 4:32am Oct 13, 2016 4:32am
Quoting aosora
{quote} it's way too cruel :'( and here what I want to ask, 1. when I want to go long, I need Ask price to around LO while Bid has open below LO, or do I still use Bid price like when I'm going to go short? 2. about a certain picture above which is replied by 'use common sense', can you help me no, advice some explanation about it? well, I'd some knowledge about S and R, but, I just can't seem understand the 'proper' common sense of market price , so that... 3. I can avoid some of the so-called 'freight train', is it due prev price big...

Hi aosora

Can you share the indi with positive and negative pips count pls?


Thnks alot
  • #7,823
  • Oct 13, 2016 6:48am Oct 13, 2016 6:48am
^____ what indi? I only use Fibo though

okay, miss BE gain
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  • #7,824
  • Oct 13, 2016 6:52am Oct 13, 2016 6:52am
Quoting aosora
{quote} it's way too cruel :'( and here what I want to ask, 1. when I want to go long, I need Ask price to around LO while Bid has open below LO, or do I still use Bid price like when I'm going to go short? 2. about a certain picture above which is replied by 'use common sense', can you help me no, advice some explanation about it? well, I'd some knowledge about S and R, but, I just can't seem understand the 'proper' common sense of market price , so that... 3. I can avoid some of the so-called 'freight train', is it due prev price big...
1)
Bid = Highest open = Sell
Ask = Lowest open = Buy

2) GBP was going up that day. Some call it DEAD CAT BOUNCE.
We do not discuss S and R or any other trading concept here.
We only discuss trading reality.

3) A big (bigger than usual) candle sometimes (usually) is followed by a candle closing in the same direction.
Trade accordingly.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,825
  • Oct 13, 2016 6:58am Oct 13, 2016 6:58am
Quoting aosora
^____ what indi? I only use Fibo though okay, miss BE gain {image}
The one that plots the BLACK DASHED LINES: _ _ _ _ _ +n
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,826
  • Oct 13, 2016 7:28am Oct 13, 2016 7:28am
Woop Woop!!
So far so good. 4 Trades today - all green pips!
Thank you TooSlow and all the others that's teaching.
For the first time I am actually understanding what I am doing and I am enjoying trading.
  • #7,827
  • Oct 13, 2016 8:14am Oct 13, 2016 8:14am
Quoting Rocket101
Woop Woop!! So far so good. 4 Trades today - all green pips! Thank you TooSlow and all the others that's teaching. For the first time I am actually understanding what I am doing and I am enjoying trading.
Well done, Rocket101
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,828
  • Oct 13, 2016 8:23am Oct 13, 2016 8:23am
What's money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do.

- Bob Dylan

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,829
  • Oct 13, 2016 8:54am Oct 13, 2016 8:54am
EURJPY Heads-Up...Teasing us again...

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  • #7,830
  • Oct 13, 2016 8:55am Oct 13, 2016 8:55am
EURJPY Heartbreaker...1-2-3?

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  • #7,831
  • Oct 13, 2016 8:59am Oct 13, 2016 8:59am
eurjpy and usdjpy got 2 losses ....no mistakes from my side ?
trying to make everyday the best risk/reward decisions possible
  • #7,832
  • Oct 13, 2016 9:10am Oct 13, 2016 9:10am
And if there is WARNING: H1 LOW BREAKOUT; we do not enter the trade? Am I correct?
  • #7,833
  • Oct 13, 2016 9:12am Oct 13, 2016 9:12am
Quoting Rocket101
Woop Woop!! So far so good. 4 Trades today - all green pips! Thank you TooSlow and all the others that's teaching. For the first time I am actually understanding what I am doing and I am enjoying trading.
Nicely done. Rocket101. How did you bag your trades? On the same pair? Different pairs? Are you trading the same pairs all the time? Answering these questions can help new-to-HOLO traders. Although every trader is different, seeing a successful approach can help with others' confidence. Cheers. Well done again! Enjoying your trading is such a good feeling, eh?
  • #7,834
  • Oct 13, 2016 9:21am Oct 13, 2016 9:21am
Quoting slowbrain
eurjpy and usdjpy got 2 losses ....no mistakes from my side ?
Price action would suggest EURJPY and USDJPY are showing signs of being about to turn. It's a phase on HOLO where you should perhaps expect to take a couple of hits before coming good. However, even without this analysis, HOLO stands on its own. Trust the method. You will not - cannot - win every trade. Run your set-ups and be ready. There is a lot going on with the JPY just now.

It's more 1-2-3 territory at the moment, it seems.
  • #7,835
  • Oct 13, 2016 9:25am Oct 13, 2016 9:25am
Quoting lemercenaire
{quote} Price action would suggest EURJPY and USDJPY are showing signs of being about to turn. It's a phase on HOLO where you should perhaps expect to take a couple of hits before coming good. However, even without this analysis, HOLO stands on its own. Trust the method. You will not - cannot - win every trade. Run your set-ups and be ready. There is a lot going on with the JPY just now. It's more 1-2-3 territory at the moment, it seems.

its in the wick zone. I have been selling it all night. It's time for the 1-2 punch and buy it up.
  • #7,836
  • Oct 13, 2016 9:27am Oct 13, 2016 9:27am
Quoting dominus
And if there is WARNING: H1 LOW BREAKOUT; we do not enter the trade? Am I correct?
You kind of answered your own question. There is a warning.

Rule #1 No entry on H1 BreakOut.

This is not to say you cannot enter if you are running 1-2-3 trades alongside HOLO. This is not recommended for traders new to HOLO.

Is it not better to heed the warning and look for a better set-up?
  • #7,837
  • Oct 13, 2016 9:29am Oct 13, 2016 9:29am
Quoting wannalearn12
{quote} its in the wick zone. I have been selling it all night. It's time for the 1-2 punch and buy it up.
Ditto - you gotta love a good surf in the Wick-Zone!
  • #7,838
  • Oct 13, 2016 9:31am Oct 13, 2016 9:31am
Quoting TooSlow
What's money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do. - Bob Dylan
...Oh, so, so, true...I cannot imagine working for someone else ever again.
  • #7,839
  • Oct 13, 2016 9:33am Oct 13, 2016 9:33am
GBPCAD A bit cramped but showing a possible set-up...

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  • #7,840
  • Oct 13, 2016 9:37am Oct 13, 2016 9:37am
Bingo! 1-2-3 Trailing stop hit
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