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Highest Open / Lowest Open Trade

  • #7,841
  • Oct 13, 2016 9:40am Oct 13, 2016 9:40am
Quoting dominus
And if there is WARNING: H1 LOW BREAKOUT; we do not enter the trade? Am I correct?
Yes.
Better to wait.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,842
  • Oct 13, 2016 9:42am Oct 13, 2016 9:42am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,843
  • Oct 13, 2016 9:42am Oct 13, 2016 9:42am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,844
  • Oct 13, 2016 9:51am Oct 13, 2016 9:51am
I think RED US NEWS is coming out at next hour ( 10:00 CST ) pending orders will typically get filled bc of crazy broker spreads. Be careful
  • #7,845
  • Oct 13, 2016 9:51am Oct 13, 2016 9:51am
EURUSD Trying hard to give us something...not sure, tbh...

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  • #7,846
  • Oct 13, 2016 9:53am Oct 13, 2016 9:53am
Quoting wannalearn12
I think RED US NEWS is coming out at 10:00 pending orders will typically get filled bc of crazy broker spreads. Be careful
Good warning - cheers. PAY ATTENTION TO THE MAN, GUYS!
  • #7,847
  • Oct 13, 2016 10:01am Oct 13, 2016 10:01am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,848
  • Oct 13, 2016 10:06am Oct 13, 2016 10:06am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,849
  • Oct 13, 2016 10:13am Oct 13, 2016 10:13am
Just picked up +10 pips on EURJPY.
  • #7,850
  • Oct 13, 2016 10:14am Oct 13, 2016 10:14am
Quoting dominus
Just picked up +10 pips on EURJPY.
Good work. The entry exploded up. I've always been curious if a single thread could effect price even a little.
  • #7,851
  • Oct 13, 2016 10:16am Oct 13, 2016 10:16am
I personally doubt that, but who knows..

Quoting wannalearn12
{quote} Good work. The entry exploded up. I've always been curious if a single thread could effect price even a little.
  • #7,852
  • Oct 13, 2016 10:20am Oct 13, 2016 10:20am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,853
  • Oct 13, 2016 10:21am Oct 13, 2016 10:21am
Quoting dominus
Just picked up +10 pips on EURJPY.
Well done!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,854
  • Oct 13, 2016 10:21am Oct 13, 2016 10:21am
How about a setup on NZDUSD?
  • #7,855
  • Oct 13, 2016 10:22am Oct 13, 2016 10:22am
It looks like I've easily could have done more, but better safe than sorry in the beginning.

Quoting TooSlow
{quote} Well done!
  • #7,856
  • Oct 13, 2016 10:27am Oct 13, 2016 10:27am
An Important Question for Active Traders

http://traderfeed.blogspot.com/2016/...e-traders.html
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,857
  • Oct 13, 2016 10:43am Oct 13, 2016 10:43am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,858
  • Edited 11:14am Oct 13, 2016 11:01am | Edited 11:14am
Quoting lemercenaire
{quote} 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?

Hi Lemercenaire,

Thank you! It is not by my expert trading. It is because of the teachings on this thread.

I am a novice. Started about 6 months ago on demos. So, no special skills here!

How did you bag your trades?
I cannot watch the trader constantly. I am using the smHiLO DashBoard EA_v2.3 that SwingMan created (Thank you SwingMan!)

I trade multiple pairs but only 1 trade per pair.
1) The Dashboard signals a potential trade.
2) Click on the pair on the Dashboard to open the chart.
3) Load the template that TooSlow created. (Thank you TooSlow!)
4) Follow the rules. http://www.forexfactory.com/showthre...58#post9007658 (Thank you MichaelG!)
5) I only use pending orders (Buy stop/Sell stop on the open price of the H1. ( Use the bar chart - the open price is easy to see on the bar chart).
6) Immediately after the pending order creation - trailing stop to the lowest setting on the MT4. (If it starts at 15 - I use 15). It depends on the pair and the broker. This is to limit the risk of opening an order, running into profit, and then retrace to negative. I am covered by the trail.
7) Stop loss as per the rules. Some trades may be stopped out; however, the loss is not as huge as the profits.

My trades for the day - 12 trades.
1 closed out by the stop and 11 winning trades.

Hope this will help somebody. Again.. I am a novice.
The feeling of getting it right! Awesome!


Rockie.
  • #7,859
  • Oct 13, 2016 11:18am Oct 13, 2016 11:18am
Can you post V2.3 for the dashboard?

Quoting Rocket101
{quote} Hi Lemercenaire, Thank you! It is not by my expert trading. It is because of the teachings on this thread. I am a novice. Started about 6 months ago on demos. So, no special skills here! How did you bag your trades? I cannot watch the trader constantly. I am using the smHiLO DashBoard EA_v2.3 that SwingMan created (Thank you SwingMan!) I trade multiple pairs but only 1 trade per pair. 1) The Dashboard signals a potential trade. 2) Click on the pair on the Dashboard to open the chart. 3) Load the template that TooSlow created. (Thank you...
  • #7,860
  • Oct 13, 2016 11:42am Oct 13, 2016 11:42am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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