DislikedTooSlow / 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 its open level, open the trade (price can be viewed at any timeframe; price...Ignored
''...creating a doji/bear H1 candle for sell and doji/bull H1 candle for buy''. You don't need to think about candle shapes, Nowhere in TS' rules will you ever find mention of looking for candle shapes.
''M5 candle must open between H1 open and extreme Does this mean M5 candle must open between HOLO level and daily high/low?''. If you think about it, this is obvious - as if the candle opens above / below the extreme, you'd be in a BreakOut and you don't trade BreakOuts.