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OHLC Strategy

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  • #1
  • First Post: Nov 15, 2016 10:42pm Nov 15, 2016 10:42pm
Hello Folks,

I opening this thread to discuss and share how to HUNTING PIPS (or be hunted) using the Open-High-Low-Close data of previous day and The running data of the day(forecast and trade it).

We don't talk about forecast/prediction/trade what you see not what you think subject as it good or not because all your rules might be useful or useless.

i don't want to rush and flooding information how to trade , example, rules etc...it will flow naturally.

For now if any of you have anything to share or interesting about the subject...please comment and you are welcome.

Time Frame to use :
Daily Candlestick
M30 Candlestick

Thanks and Best Regards
Yen bodho ki ojo nemen nemen...
  • #2
  • Nov 16, 2016 12:29am Nov 16, 2016 12:29am
UJ study case
Previous high sit @109.38 .today open @ 109.19 and today high so far [email protected]

I have short bias for corection of up trend..waiting to short @ today high forecast or buy when break today open for scalp

Will see price action of today high too
Yen bodho ki ojo nemen nemen...
  • #3
  • Nov 16, 2016 1:58am Nov 16, 2016 1:58am
Quoting Rollsnowball
UJ study case Previous high sit @109.38 .today open @ 109.19 and today high so far [email protected] I have short bias for corection of up trend..waiting to short @ today high forecast or buy when break today open for scalp Will see price action of today high too
Just close long for 28 pips from 109.15 to 109.43....
Waiting PA weak for short or cancel as yesterday high break.

Will see with patience
Yen bodho ki ojo nemen nemen...
  • #4
  • Nov 16, 2016 2:29am Nov 16, 2016 2:29am
you ever try using weekly levels?
Look Sharp/Trade Tight
  • #5
  • Nov 16, 2016 2:50am Nov 16, 2016 2:50am
Quoting PayTheLimit
you ever try using weekly levels?
No i dont try that...i am more focus on day trading with the strategy.

Your view and experience with weekly level will add valuable source,Sir.

Thanks
Yen bodho ki ojo nemen nemen...
  • #6
  • Nov 16, 2016 3:05am Nov 16, 2016 3:05am
Quoting Rollsnowball
{quote} No i dont try that...i am more focus on day trading with the strategy. Your view and experience with weekly level will add valuable source,Sir. Thanks
yes, you can use the weekly levels for intraday also, sure you will get less trades, but that's not always a bad thing...anyway just throwing it out there...
Look Sharp/Trade Tight
  • #7
  • Nov 16, 2016 7:31am Nov 16, 2016 7:31am
Quoting Rollsnowball
{quote} Just close long for 28 pips from 109.15 to 109.43.... Waiting PA weak for short or cancel as yesterday high break. Will see with patience
If the today high confirm...we just need to see the low or new low and the closing for today will be.

UJ study case close for today...
Yen bodho ki ojo nemen nemen...
  • #8
  • Nov 16, 2016 7:35am Nov 16, 2016 7:35am
Quoting PayTheLimit
{quote} yes, you can use the weekly levels for intraday also, sure you will get less trades, but that's not always a bad thing...anyway just throwing it out there...
Yes, thanks you for your kind suggest
Will learn from your past post as well.
Yen bodho ki ojo nemen nemen...
  • #9
  • Nov 16, 2016 5:17pm Nov 16, 2016 5:17pm
Quoting Rollsnowball
{quote} If the today high confirm...we just need to see the low or new low and the closing for today will be. UJ study case close for today...
Finally got some pips from UJ .
[email protected] &109.40 for 109.17
Add and keep short from 109.40 after daily high respected and daily open break.
Yen bodho ki ojo nemen nemen...
  • #10
  • Nov 16, 2016 6:08pm Nov 16, 2016 6:08pm
Dear readers,
To make clear what i am posting as it related with time perspective.
The OHLC data we use is yesterday data to make projection or analysis of today trade.

Today high or low is based asumption as it still running. Its might be broken to make new today high or low...so we call it today high or low forecast.

Today data will use for tomorrow trade and so on.

Thanks you.
Yen bodho ki ojo nemen nemen...
  • #11
  • Nov 16, 2016 7:48pm Nov 16, 2016 7:48pm
Study case for today with AU

daily open break for short and if yesterday low strong break happen will make today low forecast.
0.7500 set for stop

Will see, time will tell
Yen bodho ki ojo nemen nemen...
  • #12
  • Nov 16, 2016 9:55pm Nov 16, 2016 9:55pm
Dear Snowball

Can you explain how to enter looking yesterday high low. I am confused on your entry.

Thanks
  • #13
  • Nov 16, 2016 10:27pm Nov 16, 2016 10:27pm
Quoting mpradeep
Dear Snowball Can you explain how to enter looking yesterday high low. I am confused on your entry. Thanks
Hello Mpradeep,
Thanks for your question.
First all confusing is first step to understand something new.
Yesterday daily data you need are Open High Low and Close.it for determine level of price action and your set up for today.
One sure thing that will happen for today is new level of OHLC which still running or forming.
Your task is to predict or estimate where it will reach.
If i have more time i will explain more detail with picture..but not today.
Yesterday high or low if breakout succeed will got decent movement (PIPS) for today.
We trade probabilities so worst case intact.

Thanks
Yen bodho ki ojo nemen nemen...
  • #14
  • Nov 16, 2016 10:45pm Nov 16, 2016 10:45pm
Quoting Rollsnowball
{quote} Hello Mpradeep, Thanks for your question. First all confusing is first step to understand something new. Yesterday daily data you need are Open High Low and Close.it for determine level of price action and your set up for today. One sure thing that will happen for today is new level of OHLC which still running or forming. Your task is to predict or estimate where it will reach. If i have more time i will explain more detail with picture..but not today. Yesterday high or low if breakout succeed will got decent movement (PIPS) for today. We...
Add note:
UJ first study case as an example of how we use previous OHLC data for the day set up.

We do long for the day high and short when the high of the day(asumption) reach to find the day Low or Close.

In simple word we trade the wave or price action from Open to High or from the Low to the High in up trend and vice versa .
There are others variation about this...just follow the update
Yen bodho ki ojo nemen nemen...
  • #15
  • Nov 17, 2016 12:03am Nov 17, 2016 12:03am
Quoting Rollsnowball
Study case for today with AU daily open break for short and if yesterday low strong break happen will make today low forecast. 0.7500 set for stop Will see, time will tell
I smell fish around and predict the low will coming in the next hours (the oposite move can happen too).
High probability many pending short order below yesterday low.

Somehow aud news this morning didnt send much volalility.

Trade safe.
Yen bodho ki ojo nemen nemen...
  • #16
  • Nov 17, 2016 4:52am Nov 17, 2016 4:52am
We have red news in new york time.
It probably send new High Low level for today.

The wise actkon is to wait till the dusts settled. We have much time to trade.

Regarding AU set up...yes its not running as expected. What we can learn from the set up guys?
Discipline for entry,stop,and target expected.
Patience while action taken.
Yen bodho ki ojo nemen nemen...
  • #17
  • Nov 17, 2016 5:08am Nov 17, 2016 5:08am
Quoting Rollsnowball
{quote} Hello Mpradeep, Thanks for your question. First all confusing is first step to understand something new. Yesterday daily data you need are Open High Low and Close.it for determine level of price action and your set up for today. One sure thing that will happen for today is new level of OHLC which still running or forming. Your task is to predict or estimate where it will reach. If i have more time i will explain more detail with picture..but not today. Yesterday high or low if breakout succeed will got decent movement (PIPS) for today. We...
Thanks for explaining. i am waiting more explanation with pic.Take your own time.
  • #18
  • Nov 17, 2016 5:10am Nov 17, 2016 5:10am
If you check your chart, aussie set up is really work on aussie cross i.e euraud gbpaud.

Weak of aussie ...Break of yesterday high really happen.
Yen bodho ki ojo nemen nemen...
  • #19
  • Nov 17, 2016 5:16am Nov 17, 2016 5:16am
yea post some charts with your thoughts, it will be helpful...
Look Sharp/Trade Tight
  • #20
  • Nov 17, 2016 10:34am Nov 17, 2016 10:34am
Tomorrow will be interesting to study for eurousd.
We have draghi speech agenda.

Note:
Will add explanation with some picture too @ weekend
Yen bodho ki ojo nemen nemen...
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