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Highest Open / Lowest Open Trade

  • #8,141
  • Oct 20, 2016 4:44am Oct 20, 2016 4:44am
Quoting lemercenaire
{quote} Yeah, that range just put me off - however, it's looking a bit more promising now that it's possibly pushed as high as it's going to go for now (yesterday's High)...however you're on a BreakOut now, so wait...be patient... EURGBP {image} I'm actually thinking it's all about the Southern Hemisphere for me today though...
I'm waiting... I am practicing 1 kick 1000 times...
  • #8,142
  • Oct 20, 2016 6:22am Oct 20, 2016 6:22am
Trying the template and finding my way around.
Hi folks -is the green candle far left (with a part smiley face? ) an entry long after a lower low ?
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every Saint has a past. Every Sinner has a Future
  • #8,143
  • Oct 20, 2016 7:00am Oct 20, 2016 7:00am
Quoting turnip15
Trying the template and finding my way around. Hi folks -is the green candle far left (with a part smiley face? ) an entry long after a lower low ? {image}
I must be going completely blind! I can't see any smiley face, part or whole
  • #8,144
  • Oct 20, 2016 7:10am Oct 20, 2016 7:10am
Quoting lemercenaire
{quote} I must be going completely blind! I can't see any smiley face, part or whole
@ turnip15

Right, I guess someone means their other left If you mean the green candle on the far right which seems to have a smiley face, then unless you have some weird start time going on, then no, there is no entry on any kind of new H1 Low anywhere there.

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LL 1.31136
NH 1.31697
  • #8,145
  • Oct 20, 2016 8:03am Oct 20, 2016 8:03am
Quoting turnip15
Trying the template and finding my way around. Hi folks -is the green candle far left (with a part smiley face? ) an entry long after a lower low ? {image}
Turnip, strongly advise you to stick with the HOLO template AS IS until you master HOLO.
Do not add anything to it.
Do not remove anything from it.
Feel free to change the colors.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,146
  • Oct 20, 2016 8:04am Oct 20, 2016 8:04am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,147
  • Oct 20, 2016 8:06am Oct 20, 2016 8:06am
Quoting turnip15
Trying the template and finding my way around. Hi folks -is the green candle far left (with a part smiley face? ) an entry long after a lower low ? {image}
Not a smiley face.
Ask and Bid dots.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,148
  • Oct 20, 2016 8:11am Oct 20, 2016 8:11am
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Adding indicators will not make you money.
Practicing HOLO will make you money.







Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,149
  • Oct 20, 2016 8:15am Oct 20, 2016 8:15am
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What happened to spike the markets?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,150
  • Oct 20, 2016 8:19am Oct 20, 2016 8:19am
THE COMMON DENOMINATOR OF SUCCESS

"The common denominator of success the secret of success of every person who has ever become successful lies in the fact that he or she formed the habit of doing things that failures don't like to do."

Albert E.N. Gray


My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,151
  • Oct 20, 2016 8:24am Oct 20, 2016 8:24am
Quoting turnip15
Trying the template and finding my way around. Hi folks -is the green candle far left (with a part smiley face? ) an entry long after a lower low ? {image}
OOPS ! Green Candle on the far RIGHT
So - is it an entry candle ?
every Saint has a past. Every Sinner has a Future
  • #8,152
  • Oct 20, 2016 8:28am Oct 20, 2016 8:28am
Quoting lemercenaire
{quote} @ turnip15 Right, I guess someone means their other left If you mean the green candle on the far right which seems to have a smiley face, then unless you have some weird start time going on, then no, there is no entry on any kind of new H1 Low anywhere there. {image} LL 1.31136 NH 1.31697
My fault -Thanks Lem.
Forget post 8151 -you have answered it above. Thanks again -you make a good teacher :-)
every Saint has a past. Every Sinner has a Future
  • #8,153
  • Oct 20, 2016 8:48am Oct 20, 2016 8:48am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,154
  • Oct 20, 2016 8:50am Oct 20, 2016 8:50am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,155
  • Oct 20, 2016 9:16am Oct 20, 2016 9:16am
Nice thread, I am trying to catch what I misunderstood. Highest open and lowest open on an hourly chart for this day. Is there a minimum candles behind to take the open ? If no then it can be the first 2 candles of the day. Am I right ?
Because as someone mentioned there can always be a new high open and low open.
Thanks
  • #8,156
  • Oct 20, 2016 10:23am Oct 20, 2016 10:23am
Making a new decision based on new information


This is more difficult than it sounds.

To some people, it means admitting you were wrong.

(But of course, you weren't wrong. You made a decision based on one set of facts, but now you're aware of something new.)

To some people, sunk costs are a real emotional hot button, and walking away from investments of time, of money, and mostly, of commitment, is difficult.

(But of course, ignoring sunk costs is a key to smart decision making).

And, to some people, the peer pressure of sticking with the group that you joined when you first made a decision is enough to overwhelm your desire to make a better decision. "What will I tell my friends?"

A useful riff you can try:

Sure, I decided that then, when I knew what I knew then. And if the facts were still the same, my decision would be too. But the facts have changed. We've all heard them. New facts mean it's time for me to make a new decision, without regard for what I was busy doing yesterday, without concern for the people who might disagree with me. My guess is that once they realize these new facts, they're likely to make the same new decision I just did.


This decision is more important than my pride.

- Seth Godin

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,157
  • Oct 20, 2016 10:24am Oct 20, 2016 10:24am
Quoting semi
Nice thread, I am trying to catch what I misunderstood. Highest open and lowest open on an hourly chart for this day. Is there a minimum candles behind to take the open ? If no then it can be the first 2 candles of the day. Am I right ? Because as someone mentioned there can always be a new high open and low open. Thanks
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,158
  • Oct 20, 2016 10:25am Oct 20, 2016 10:25am
Quoting semi
Nice thread, I am trying to catch what I misunderstood. Highest open and lowest open on an hourly chart for this day. Is there a minimum candles behind to take the open ? If no then it can be the first 2 candles of the day. Am I right ? Because as someone mentioned there can always be a new high open and low open. Thanks
Hi semi. Welcome to the thread. No, there is no minimum number of candles - however there is common sense. Of course the first candle of the day will set H+L marks and then the next candle could bang on through. Would you take that trade based on that info? That's entirely up to you. Me, not so much...

Of course, you could take note of the price-action earlier, see how the land lies. That might make a decision easier.

This is a situation a couple of guys here from the Southern Hemisphere have posed before. (I haven't checked your location, sorry). There is a way round it, again, as I have answered before - if you wish...It's what I do and I trade in the UK. You open a broker demo account with a start day time which will give you some info before your actual day opens. Put the indi on there but place trades on your live broker. It's an option. Use it, don't use it, your call.

When I started out with HOLO, I would wait until an hour or so before the US Open before really paying attention, as that gave me, as I said, additional info from the earlier part of the day. Now I don't bother.
  • #8,159
  • Oct 20, 2016 10:26am Oct 20, 2016 10:26am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,160
  • Oct 20, 2016 10:28am Oct 20, 2016 10:28am
Is there something missing in Post #1?

New people to the thread keep asking questions I swear are answered in Post #1.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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