Highest Open / Lowest Open Trade

Freight train reached END OF THE LINE.

One for later, possibly...

Do you have to take every trade?
NO.
Of course not.
Best to trade one pair.
Just like dancing, stick with one partner.

Do you have to take every trade?
NO.
Of course not.
Best to trade one pair.
Just like dancing, stick with one partner.

Yes, of course - for those of you learning HOLO out there, I am having a somewhat playful day after an early big score has given me breathing room. TS is absolutely right, please do not attempt to cover the bases. Pick your favourite pair and work it properly. What do they say? ''Do not try this at home!''

GbpUsd SL -12
it isnt yet the turning point...

update:
just without all the charts, ( include the one to show the large SL "dilemma")
EurJpy +1
UsdChf +7
EurUsd +8

a rather hectic day on the chart, some SL values being extremely large and made me uncomfortable to put on a trade with stop being 20-50 pips away. i know the rules dont include hints on this matter, so, take as personal preference... + as TooSlow said, we dont have to take all the trades.
that brings the day to an end.
1 loss -12; 3 win +1, +7,+8....for a total of +4

1-2-3 off and running now.

it was a HOLO trade...few SLs posted here, why not include some to give shades to the thread...pretty much all my trades from the last 3 days posted, with a little stat round up.

as for the GU pair, no worries, i scalped the sh@t out of it ( and EU) today, but those were not HOLO

"Missed it by that much"


Here's an interesting choice that most people leave unmade:

How comfortable are you engaging in projects where there's a likelihood that you'll lose by just a hair?

What makes a project worthwhile and interesting is that it might not work. All the this-is-sure-to-work projects are taken.
Given that you're taking a risk, what kind are you up for?

Are you seeking out areas where there's no competition, true longshots where few people see you fail?

Or are you okay with the daring near misses?

- Seth Godin

Mindsets and Habits for Success in Sports

Success all comes down to mindset:
--How well you prepare.
--The intensity of your training.
--The manner you respond to adversity.
--Your ability to focus under pressure.
--How you deal with competing when you are tired.
--A multitude of other aspects that contribute to optimal performance.
What direction is your mindset leading you?
If you aren’t moving closer to your goals, maybe it’s time to take a closer look at your habits.
Villanova's Men’s basketball team is the defending NCAA national champion and every collegiate basketball team will seek to dethrone the Wildcats.
The Wildcats know the road to repeating as national champions will not be easy physically or mentally so the team has committed to forge positive habits.
“If you don’t bring it every night, if you don’t make it your habit, somebody’s going to get you,” is the motto Villanova basketball coach Jay Wright has been preaching to his team since pre-season.
And because it will not be easy come tournament time, Coach Wright decided to challenge his team early with a tight schedule just like it will be during March Madness.
Villanova played its first six games over a 15-day span, only two of those games were at the home and those home games were sandwiched around a trip to Purdue and three games in four days in the Charleston (S.C.) Classic.
If you want to perform well during the grind of the playoffs, then you should focus on developing that habit early in the season.
It's your mindset that will take over when you are weary or late in the season.
So if you do not pay attention to the mindsets about habits, consciously or unconsciously, then you may not achieve what you set out to accomplish early in the season.
Though the Wildcats are off to a 6-0 start, Coach Wright believes his team still needs to be more prepared mentally to deal with defending their title.
Wright knows there are no off nights, therefore the Wildcats need to bring their A-game each and every night. This tough early schedule may be mentally taxing but it is developing the positive mental habits needed as the schedule gets tougher throughout the season.
WRIGHT: “I think [playing so many games early] paid off well for us. I think we were prepared, but on the other hand I don’t know if we were mentally prepared for this many games back-to-back.”
Are you mentally prepared for your season?
Have you focused on developing the mindset you need to succeed?
If not, what are you waiting for... Let’s get going!
Tips for developing your success mindset:
First, what are the mindsets associated with successful athletes or teams including high intensity and energy, laser-sharp competitive focus, resilient in the face of adversity, strong work ethic and will to prepare, ability to close out games, etc?
Name 2-3 positive habits you need to develop. Create a plan on how you intend to work on these habits.
What's the plan to help you focus on these habits? How will you evaluate your progress?
Remember new mindsets don’t form overnight. In fact, recent research by a team at the University College London determined it takes about 66 days to create a habit.
If your goals are important, so too should be your habits and your mindset about habits.

- Dr. Patrick J. Cohn

TooSlow,

i think from the FF.com experience of traders, following any posted system can be categorized as "there's a likelihood that you'll lose by just a hair".
most often the only question how wide that hair is?
following any posted system is, in a way, a leap of faith, time and/or money wise.

It is faith when there are no data and statistics to back it up.
With data and statistics, it is a calculated risk.

And how many system posted has exactly data posted as well to back it up?

Trading systems, page #1...
on my display show up 40 thread....out of the 40 there is 1! ( yes, one) posted system with a trade explorer...there goes backing up with data.

even your thread, how many volunteer to take the 10 trade challenge, and how many posted even a text evidence of the results?

like to reiterate what i just wrote, here on ForexFactory, it is indeed a leap of faith to follow any ( or the least most; 1 out of 40 with a TE?) system!

Trade results are not the data/statistics you need.
You need to know what the opportunity is.
One trader may lose but there was an opportunity to take profit.
Happens all the time with HOLO.
Instead of taking 3 pips some traders get stopped out for a loss.
Next time, they take 3 pips and miss out on 20.
Next time, instead of taking 3 pips some traders get stopped out for a loss.
Another trader, made 9 pips by taking 3 pips profit, 3 times.
This is only an example and not a recommendation to take 3 pips.

since still up, a late night one, really last for today.

EurJpy +5
that brings total for today to +9.
with the SL-12 at the start, decent HOLO day in the end.

TooSlow / anyone else,

I'm really trying to get 1-2-3 and HOLO down (I think I'm getting close!) so I wrote this out comparing the two, does this look ok?
(Yes I've read everything multiple times lol)

1-2-3 vs. HOLO

1-2-3:
- We are trading the H1 bar directly after the H1 bar where a new Daily high/low was made
- Price must go from the current H1 open towards the daily high/low and fail to reach it (test)
- At any point during the current 1H candle that price returns to it’s open level, open the trade (price can be viewed at any timeframe; price must simply return to the 1H open level within an hour after it was created)

HOLO:
- We are trading following a new H1 HOLO level (which will serve as our entry point)
- After a new H1 HOLO level is created, a lower timeframe (15M, 5M or 1M) must be viewed (15M gives us 4 chances to enter per hour, 5M gives us 12, 1M gives us 60).
- Price of a candle must open passed the HOLO level (and possibly create a new Daily high/low), and return to the HOLO level or beneath it (creating a doji/bear H1 candle for sell and doji/bull H1 candle for buy). We then enter the trade.
- M15 candle must open passed HOLO level before you can enter (this means we can’t enter a trade until at least 15 minutes after a new HOLO level is created)

My only question now is about this rule, which I used to think I understood but now am not so sure about just just trying to make sure lol.. : “M5 candle must open between H1 open and extreme”
Does this mean M5 candle must open between HOLO level and daily high/low? Is the purpose of this rule like a less-strict version of the M15 rule?

Empty your mind, be formless, shapeless - like water

hahah just kidding
seems to me you got it right! If you didn't, neither did I

The M5 candle is the filter for the trigger happy. Or the confirmation.

Edit: grammar