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Highest Open / Lowest Open Trade

  • #9,001
  • Nov 24, 2016 10:55am Nov 24, 2016 10:55am
more or less, i like to apply a somewhat similar "24 hour" like rule to deal with my losing days
eliminate the initial urge to revenge trade.
there is always, always another trade!!
  • #9,002
  • Nov 24, 2016 11:15am Nov 24, 2016 11:15am
Quoting profitfarmer
more or less, i like to apply a somewhat similar "24 hour" like rule to deal with my losing days eliminate the initial urge to revenge trade.
Revenge trading is a scary green monster! We all tangle/ed with it.
  • #9,003
  • Nov 24, 2016 12:40pm Nov 24, 2016 12:40pm
For the record - update to the heads-up charts I posted early today:

EURJPY
+ pips.

GBPJPY
+ pips.

AUDCAD
Went into a BreakOut, so I took a 1-2-3. Took a loss (very small stop).
That bar carried on into a second BreakOut. Into another 1-2-3...this one did the job for + pips. Covered the loss and more on top.

As an aside, GBPJPY added another short for those who stuck around...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.ecnM15forthosewhohungaround24thnov16.png Size: 33 KB
  • #9,004
  • Nov 24, 2016 12:43pm Nov 24, 2016 12:43pm
Quoting TooSlow
How One Pro Team Deals with Losing: The 24 Hour Rule Get over it... Move on... Turn the page... It's in the past... All of which are good advice after a loss. These common expressions are often no consolation to athletes and coaches after the sting of defeat. You already know you need to move on... You know there is zero benefit in replaying the game in your mind and wallowing in misery. You know you need to get ready for the next game on the schedule. You just dont know how to turn the page. Think of all the words spoken to you after a loss......
Had to coach my sophomore kicker through his own ''24-hr rule'' last week after a horrific game. The problem with kickers is that their psyches can be so wired that you are often forced to apply a ''24-second rule'' during the game!
  • #9,005
  • Nov 24, 2016 3:09pm Nov 24, 2016 3:09pm
Quoting lemercenaire
{quote} Hi Menle. As it's Thanksgiving Day in the US today, TooSlow may not be here today. As such, I will try and talk you through the process for you, if that's ok. That's a great variant of the indicator to use, as it is stripped own and without a lot of distractions. Good choice. You can add extras as you progress. Anyway, here's the drill: Download the template and MQL4 file from that post. Open your downloads folder on computer - they will now be in there. Open your platform. Go to File...click on Open Data Folder. Open MQL4...place that file...
Hi lemercenaire,
Thank you for the speedy reply and info concerning the drill. I will make use of this in the morning.
It will certainly help to master the HiLo work posted by TooSlow here.
Thanks again
Menle
  • #9,006
  • Nov 24, 2016 3:19pm Nov 24, 2016 3:19pm
Quoting TooSlow
{quote} http://www.luckscout.com/how-to-inst...-metatrader-4/ http://www.forexfactory.com/showthread.php?t=67529
Hi TooSlow, first of all my best wishes for your Thanksgiving Holiday in the US.

Thank you for the info concerning the installation of the HiLo indicator.
You have a great team, ready to help.

Blessings to you and the other willing members.

Best Regards and many Pips,

Menle
  • #9,007
  • Nov 24, 2016 3:49pm Nov 24, 2016 3:49pm
Quoting Menle
{quote} Hi lemercenaire, Thank you for the speedy reply and info concerning the drill. I will make use of this in the morning. It will certainly help to master the HiLo work posted by TooSlow here. Thanks again Menle
You're welcome. I cannot recommend highly enough the document attached from MichaelG. Reading this again and again in your down time, alongside the HOLO rules, will immerse you in the method.

As I said earlier also, take the time to learn HOLO on the bare indicator. I posted very early on after joining TooSlow here, that I first learned the method by running a ''naked'' H1 chart and two lines, simply watching how price moved up and down over those lines. By having to move these new H and L lines as they formed, it planted the guts of the method in my head. I'm not saying you have to do this, simply that it shows how effective keeping it simple is.

Welcome to the thread.
  • #9,008
  • Nov 24, 2016 5:11pm Nov 24, 2016 5:11pm
Quoting lemercenaire
{quote} You're welcome. I cannot recommend highly enough the document attached from MichaelG. Reading this again and again in your down time, alongside the HOLO rules, will immerse you in the method. As I said earlier also, take the time to learn HOLO on the bare indicator. I posted very early on after joining TooSlow here, that I first learned the method by running a ''naked'' H1 chart and two lines, simply watching how price moved up and down over those lines. By having to move these new H and L lines as they formed, it planted the guts of the...
This ^ talk about learning how a pair moves.
  • #9,009
  • Nov 25, 2016 1:40am Nov 25, 2016 1:40am
Where can I get the HOLO rules?
  • #9,010
  • Nov 25, 2016 4:00am Nov 25, 2016 4:00am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH111-25.png Size: 42 KB


The day after Thanksgiving and cautiously trading under the influence of tryptophan from excessive turkey consumption. Yet after taking nearly 300 pips the other day from this bad boy GBP/JPY, thought I would have another go at it to the upside again.

I have been using two TP strategies. One just takes 5 pips and they mostly win. The second is taking off the bulk of the trade at +5 and letting it ride with my stop fixed at 3 below the low. This time it shot right up to the open interestingly enough and got up around 70 pips or so before backing off a bit. Now it has reloaded and appears to be moving higher.

...Houston we have liftoff!
  • #9,011
  • Nov 25, 2016 7:02am Nov 25, 2016 7:02am
Quoting menek
Where can I get the HOLO rules?
It's all in Post #1, with a bullet-point eg on the top right of this example chart:

Attached Image (click to enlarge)
Click to Enlarge Name: TooSlowegchart.png Size: 66 KB


If you are still having to ask these kind of questions, then you really should be taking the time to read and re-read post #1 before going any further.
  • #9,012
  • Nov 25, 2016 7:58am Nov 25, 2016 7:58am
Quoting menek
Where can I get the HOLO rules?
Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,013
  • Nov 25, 2016 10:10am Nov 25, 2016 10:10am
Just a critical question: Was that HOLO thing your idea, TooSlow, or was it the idea of TRO or someone else?
  • #9,014
  • Nov 25, 2016 11:21am Nov 25, 2016 11:21am
Quoting AntiCre
Just a critical question: Was that HOLO thing your idea, TooSlow, or was it the idea of TRO or someone else?
Please read POST #1 to find the answer to your question.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,015
  • Nov 25, 2016 12:59pm Nov 25, 2016 12:59pm
Surely, I've read post #1 and also many other posts. However, I couldn't find any answer.
  • #9,016
  • Nov 25, 2016 1:20pm Nov 25, 2016 1:20pm
Quoting AntiCre
Surely, I've read post #1 and also many other posts. However, I couldn't find any answer.
Well, just to remind myself I hadn't imagined it, I looked at Post #1 and it took me all of two seconds to find the answer.
  • #9,017
  • Nov 25, 2016 1:25pm Nov 25, 2016 1:25pm
Quoting AntiCre
Surely, I've read post #1 and also many other posts. However, I couldn't find any answer.
Read slowly and carefully.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,018
  • Edited 2:18pm Nov 25, 2016 2:00pm | Edited 2:18pm
I have expected to see something like "this idea originated by ..." or "I have developed ...".
  • #9,019
  • Nov 25, 2016 2:40pm Nov 25, 2016 2:40pm

Private mail I received from TS...REALLY ??


TooSlow
How goes it?How goes it?
Nov 23, 2016

  1. Nov 23, 2016 9:54am
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PLEASE STAY ON TOPIC IN MY THREADS or I will have to put you on ignore.
Use PMs for side chatter or start your own thread.
Thank you for your cooperation.
Cheers!

  • #9,020
  • Nov 25, 2016 4:40pm Nov 25, 2016 4:40pm
Quoting AntiCre
I have expected to see something like "this idea originated by ..." or "I have developed ...".
And I'm sure you are asking this on every other thread too, right ?

Attached Image


Not much is new in trading.

Price goes up, price goes down.

In going up and down, it passes a value.

If price goes down at that particular value, you go short the instrument.

If price goes up at that particular value, you go long the instrument.

Attached Image (click to enlarge)
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It takes courage to grow up and become who you really are - E.E. Cummings
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