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Highest Open / Lowest Open Trade

  • #8,401
  • Oct 26, 2016 12:50pm Oct 26, 2016 12:50pm
Is there any rule for a second 10 trade challenge after first completed? maybe allowed 2 pairs?

You will know when you are ready for two or more pairs.
Be honest with yourself.
Do not rush.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,402
  • Oct 26, 2016 1:16pm Oct 26, 2016 1:16pm
Quoting TooSlow
Just happened to notice we are up to page 420! {image}
Nice garden you got there.

Far out man ! :smoking
It takes courage to grow up and become who you really are - E.E. Cummings
  • #8,403
  • Oct 26, 2016 1:18pm Oct 26, 2016 1:18pm
Quoting profitfarmer
Sorry but = not sorry because you got it! of course not sorry really! thought this is a place to ask questions. however the question wasn't referring toward the lower timeframe conformation...it was really asking about the function of the higher one. yes, you can guess it correct, and I had been reading the first post! yet no reference there beyond anything higher than the H1 timeframe. maybe in time it will be, in the meantime I have to ask.
Saved by the bell !!
It takes courage to grow up and become who you really are - E.E. Cummings
  • #8,404
  • Oct 26, 2016 1:19pm Oct 26, 2016 1:19pm
Quoting PippyTheGrt
{quote} Nice garden you got there. Far out man ! :smoking
No garden.
Just a pic from internet search of 420.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,405
  • Oct 26, 2016 1:43pm Oct 26, 2016 1:43pm
Quoting TooSlow
{quote} No garden. Just a pic from internet search of 420.
Don't fib TS! We know you walk among the clouds!
  • #8,406
  • Oct 26, 2016 2:17pm Oct 26, 2016 2:17pm
Quoting wannalearn12
{quote} Don't fib TS! We know you walk among the clouds!
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  • #8,407
  • Oct 26, 2016 2:28pm Oct 26, 2016 2:28pm
Quoting profitfarmer
Sorry but = not sorry because you got it! of course not sorry really! thought this is a place to ask questions. however the question wasn't referring toward the lower timeframe conformation...it was really asking about the function of the higher one. yes, you can guess it correct, and I had been reading the first post! yet no reference there beyond anything higher than the H1 timeframe. maybe in time it will be, in the meantime I have to ask.
A couple of things from my corner of the yard.

Build the foundations first. That's ultimately what counts. Be rock solid on those rules so you don't have to think about decision-making when things start to move quickly.

Second. As re the tf, specifically higher than H1. Here's an insight into my method. I am always aware of the surroundings around a possible trade set up. Usually are we near pivots, are we at the end of a run of same-colour candles, is it just before the US Open, etc? I know the secondary rule about going against the H4 candle...but you know what, I have never checked...ever. Instead I will zoom out on the H1 chart to check the overall picture on the day so far. My thinking is that as we are looking generally at bagging solid +1's and +5's, the market doesn't need to move too far against an H4 direction to get that. H4 candle colour is just one more thing to think about and take me out of the moment.
  • #8,408
  • Oct 26, 2016 3:08pm Oct 26, 2016 3:08pm
Quoting lemercenaire
{quote} {image}
Classic !!

Up in smoke, that's where my money goes
In my lungs and sometimes up my nose
When troubled times begin to bother me
I take a toke and all my cares go up in smok

Read more: Cheech And Chong - Up In Smoke Lyrics | MetroLyrics
It takes courage to grow up and become who you really are - E.E. Cummings
  • #8,409
  • Oct 26, 2016 3:13pm Oct 26, 2016 3:13pm
thanks for the comment Lem.
the TF Q was due the lack of reference to it.
i am a scalper, so, quick moving part isnt new.
but from tomorrow will have a look for this HOLO on the H4 candle color, then decide what.
i am almost sure that once i am done with these 10 trades 0.01 lot, the test will continue with at least 0.02 lots, giving me a chance to partial close
there is always, always another trade!!
  • #8,410
  • Oct 26, 2016 3:43pm Oct 26, 2016 3:43pm
Quoting profitfarmer
thanks for the comment Lem. the TF Q was due the lack of reference to it. i am a scalper, so, quick moving part isnt new. but from tomorrow will have a look for this HOLO on the H4 candle color, then decide what. i am almost sure that once i am done with these 10 trades 0.01 lot, the test will continue with at least 0.02 lots, giving me a chance to partial close
Sounds like a man-with-a-plan, sweet...

I would say that if you are an experienced scalper, you may find richer pickings using 1-2-3 set-ups, rather than pure HOLO. Just a thought.
  • #8,411
  • Oct 26, 2016 3:46pm Oct 26, 2016 3:46pm
Quoting PippyTheGrt
{quote} Classic !! Up in smoke, that's where my money goes In my lungs and sometimes up my nose When troubled times begin to bother me I take a toke and all my cares go up in smok Read more: Cheech And Chong - Up In Smoke Lyrics | MetroLyrics
Lol - the scene where they are wondering if they are driving too fast but are in fact parked by the side of the road cracks me up every time.

Inserted Video


Hahahaha - I'd forgotten about the car reg. number!
  • #8,412
  • Oct 26, 2016 3:49pm Oct 26, 2016 3:49pm
Great thought, Lem, again! lol

I am already using counter-action to scalp, mainly involving pivot and round numbers. Many those 1-2-3s i trade, only to get there another way to pull the trigger.
HOLO seem to fill the blanks better.
But again, early in that journey, time will tell. One thing a time, for now. ( OK, 2, cos i still scalp my way waiting for HOLO on my single pair)
there is always, always another trade!!
  • #8,413
  • Oct 26, 2016 3:56pm Oct 26, 2016 3:56pm
Quoting lemercenaire
{quote} Sounds like a man-with-a-plan, sweet... I would say that if you are an experienced scalper, you may find richer pickings using 1-2-3 set-ups, rather than pure HOLO. Just a thought.
Can you please elaborate on that, since the 1-2-3 is a special case of HOLO and I would therefore have thought less opportunities.
  • #8,414
  • Oct 26, 2016 4:09pm Oct 26, 2016 4:09pm
Quoting ikdenk
{quote} Can you please elaborate on that, since the 1-2-3 is a special case of HOLO and I would therefore have thought less opportunities.
Yes, less opportunities but price tends to move away from the turning/trigger-point faster and further than traditional HOLO, as it is at the end of an often violent breakout move. A scalper wants as little exposure to the market as he can get, so faster moves give him that. HOLO will get you the pips but will (generally) take longer to get there.
  • #8,415
  • Oct 26, 2016 4:15pm Oct 26, 2016 4:15pm
Quoting lemercenaire
{quote} Yes, less opportunities but price tends to move away from the turning/trigger-point faster and further than traditional HOLO, as it is at the end of an often violent breakout move. A scalper wants as little exposure to the market as he can get, so faster moves give him that. HOLO will get you the pips but will (generally) take longer to get there.
Thanks for your response.

Just one more question, please.

Which complimentary break out strategy do you (or TooSlow) recommend for the Asian session?
  • #8,416
  • Oct 26, 2016 4:27pm Oct 26, 2016 4:27pm
Quoting ikdenk
{quote} Thanks for your response. Just one more question, please. Which complimentary break out strategy do you (or TooSlow) recommend for the Asian session?
I don't trade the Asian session myself, except in cases where my EURJPY Daily Break happens early UK time (like last night, as it happens), though I know TS does often venture in with HOLO. I would say that any narrow-range break strategy will work, coupled with a counter-trade/hedge element.

The JPY is correlated with oil, so there may be a way to find an edge there alongside the NZD in some other method. As it happens, I think I will be meeting up with someone tomorrow who used to trade the Asian session extensively, so if I do, I will pick his brain for you.

Trading HOLO over the Asian session should do the job as normal however, assuming you cherry-pick suitable pairs.
  • #8,417
  • Oct 26, 2016 6:52pm Oct 26, 2016 6:52pm
Quoting ikdenk
{quote} Can you please elaborate on that, since the 1-2-3 is a special case of HOLO and I would therefore have thought less opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 45 KB


With 1-2-3, the previous H1 candle has to have made a new daily high or daily low.
Chances are the current H1 candle open is the highest H1 open but it doesn't have to be.
1-2-3 trades on the H1 chart.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,418
  • Oct 26, 2016 6:55pm Oct 26, 2016 6:55pm
Quoting lemercenaire
{quote} Lol - the scene where they are wondering if they are driving too fast but are in fact parked by the side of the road cracks me up every time. https://www.youtube.com/watch?v=kCXqbjo6cb0 Hahahaha - I'd forgotten about the car reg. number!
You guys are really running with the PAGE 420!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,419
  • Oct 26, 2016 11:08pm Oct 26, 2016 11:08pm
Quoting TooSlow
{image} Stop moved to BE+1.
Hi can anybody help me ? I can't find out Indicator & Template .
Thanks In advanced
Any broker, same result
  • #8,420
  • Oct 26, 2016 11:17pm Oct 26, 2016 11:17pm
Quoting mjavedh
{quote} Hi can anybody help me ? I can't find out Indicator & Template . Thanks In advanced
in the paperclip...top, right hand side the thread header, next to subscribe.
there is always, always another trade!!
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