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Highest Open / Lowest Open Trade

  • #9,701
  • Jan 8, 2017 4:13pm Jan 8, 2017 4:13pm
Quoting frisco
{quote} Going way back to this chart. Is the rewarding trade taking place on bar 0? Also D1(0) high (todays high) is higher than D1(1) High (yesterdays high), Meaning this pair broke to a new high. CORRECT? and the trade on ar 0 is a sell at the most recent Open High (1.45192) Still don't know what the conversion to pips is. Did a search came up with calculators which ask ME for variables for their calculator which I cannot supply. I will check out babypips as per Michael G's recommendation. I just want to be clear where this profitable 20 pip trade...
You'd trigger a Buy trade on Bar #6 (assuming that a 15 min bar / candle opened in the time that price was below the New Lower H1 Open).

Entry is marked by the red circle as price crossed the line...

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The sell on bar #1 / #0 is more likely to be a 1-2-3 trade (and for the record, you could also have run the buy trade as a 1-2-3). It's unlikely that there would have been enough time for the price to have been above the New H1 Higher Open to have seen a new 15 min bar open to trigger a HOLO trade, though not impossible).
  • #9,702
  • Jan 8, 2017 4:17pm Jan 8, 2017 4:17pm
Quoting frisco
{quote} Love Warren. Great lyrics!
The best there ever was. Was extraordinarily lucky to have seen him live at The Barrowlands in Glasgow back in the day and have everything he ever did (including the original vinyl).
  • #9,703
  • Jan 8, 2017 4:35pm Jan 8, 2017 4:35pm
How To Be Calm Under Pressure: 3 Secrets From A Bomb Disposal Expert

http://www.bakadesuyo.com/2017/01/calm-under-pressure/
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,704
  • Jan 8, 2017 4:37pm Jan 8, 2017 4:37pm
Quoting TooSlow
How To Be Calm Under Pressure: 3 Secrets From A Bomb Disposal Expert http://www.bakadesuyo.com/2017/01/calm-under-pressure/
Hah - I just read that myself! Great read. Very apt...
  • #9,705
  • Jan 8, 2017 4:47pm Jan 8, 2017 4:47pm
Hahahaha - Sunday nights, lol...

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  • #9,706
  • Edited 9:49pm Jan 8, 2017 6:06pm | Edited 9:49pm
TooSlow,

I like simple methods that are profitable. I have read your ideas and MichaelG's visual with interest and initially thought it was your own ideas about trading. And thought this guys is good. I have not read every page as I get eye strain easily. To me this method works well in a ranging market but in a trending market trades are hard to find due to frequent breakouts. Problems are large spreads, slippage, news events. Regurgitation of someone else's trading ideas and bruce lee's philosophies, do you have anything original?



“Don't think. FEEL. It's like a finger pointing at the moon. Do not concentrate on the finger, or you will miss all of the heavenly glory.”


thanks,
RR
You came here for the truth and let me unveil it for you
  • #9,707
  • Jan 8, 2017 6:31pm Jan 8, 2017 6:31pm
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION

Hi All,

After read it and plot all the indicator and run the template. I try to follow price movement on M15 USD/CAD pair.

Kindly advise if my understanding is correct ?
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  • #9,708
  • Edited Jan 9, 2017 9:21am Jan 8, 2017 7:11pm | Edited Jan 9, 2017 9:21am
Thanks Lemercenaire. The good ones have left us. Fortunately their music lives. Great article on staying calm. I was more or less recruited for the SEALS I think in 75 or 76 .At the time I was in training for In Flight Technician (IFT) aircrew on P-3 Orion sub hunters. My Division officer "nominated me. Mandatory meeting somewhere at PAX River NATC. Ist school would be "UDT" Underwater Demolition Team. , then SAR SEAR School, then SEAL. I get bad ear aches if I swim 10 feet underwater, so I bowed out after that first meeting. The other thought was "me playing with bombs...underwater ~ no thank you. " Pic. One of my squadrons Orions.
  • #9,709
  • Jan 8, 2017 7:15pm Jan 8, 2017 7:15pm
PIPFIRST,

Quoting pipfirst
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION Hi All, After read it and plot all the indicator and run the template. I try to follow price movement on M15 USD/CAD pair. Kindly advise if my understanding is correct ? {image}

I tried to read your screenshot. too fuzzy. Would not enlarge when opened. Got a better screenshot (bigger)?
  • #9,710
  • Edited 7:44pm Jan 8, 2017 7:20pm | Edited 7:44pm
Pippy aka PTG uses M30.
Sometimes I use M15.
But until you have mastered HOLO DO NOT CHANGE ANYTHING!!
This is one area of yourself you must master.
Empty your mind.
Leave the rest behind.
Fill it with HOLO.
HOLO is deceptively simple.
You will most likely want to add something.
RESIST THAT URGE!!
Failure to do so will result in hindering your progress


Please make clear TooSlow. When you say beginners use H1, Are you saying H1 and only H1? Does that mean no 15 minute combined with H1 for watching for monitoring the price after it has entered into an H1 area of interest? ? Not clear on what you mean by using M15 & M30. That is how those TF's are used. Do you mean Pippy uses the M30 to mark HOLO levels at 30 minute intervals instead of hourly intervals and newbies should not do that?
  • #9,711
  • Jan 8, 2017 7:58pm Jan 8, 2017 7:58pm
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  • #9,712
  • Jan 8, 2017 8:18pm Jan 8, 2017 8:18pm
Quoting RondaRousey
TooSlow, I like simple methods that are profitable. I have read your ideas and MichaelG's visual with interest. I have not read every page as I get eye strain easily. To me this method works well in a ranging market but in a trending market trades are hard to find due to frequent breakouts. Do you have any statistics? Win Rate? consecutive losses? largest loss, largest win? How does it do when there is a news event and the market goes yo-yo? How does it do when it gaps? Essentially, you wait for the current bar to reverse the previous highest close...
Hi ronda,
This method is works well in any market, ranging and trending... because in trending also have reversal / correction, the problem is waiting.... in trending we must wait longer....
first try it with disiplin and follow the rule, this method need concentration and focus every hour, and cannot set and forget
rule no 4. BE+1 better than a loss, small pips, and use trailing stop when profit, but if you mastered, you can use big lot, to get big profit.... i don't know the statistic result but i think more and more people used this system
this is my opinion, as new member, also waiting TooSlow answer if my opinion wrong....
thanks
  • #9,713
  • Jan 8, 2017 9:45pm Jan 8, 2017 9:45pm
Quoting Santoso777
{quote} Hi ronda, This method is works well in any market, ranging and trending... because in trending also have reversal / correction, the problem is waiting.... in trending we must wait longer.... first try it with disiplin and follow the rule, this method need concentration and focus every hour, and cannot set and forget rule no 4. BE+1 better than a loss, small pips, and use trailing stop when profit, but if you mastered, you can use big lot, to get big profit.... i don't know the statistic result but i think more and more people used this system...
Hi Santoso I was giving thought to one of your observations earlier this morning. I think I am going to make up a special chair cushion with openings right in the middle of the cushion on both left and right sides so HOLO traders have a place to comfortably park their hands whilst they wait & observe their pairs. I am not kidding. I will do this. I think there could be a psychological benefit, otherwise, they will start fooling around with indicators and the KISS aspect of 1-2-3 is gone.
  • #9,714
  • Jan 8, 2017 9:53pm Jan 8, 2017 9:53pm
hi.... this is signal, waiting time 1 hour... profit +10 pips


and the result:
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  • #9,715
  • Jan 8, 2017 10:13pm Jan 8, 2017 10:13pm
Quoting frisco
{quote} Hi Santoso I was giving thought to one of your observations earlier this morning. I think I am going to make up a special chair cushion with openings right in the middle of the cushion on both left and right sides so HOLO traders have a place to comfortably park their hands whilst they wait & observe their pairs. I am not kidding. I will do this. I think there could be a psychological benefit, otherwise, they will start fooling around with indicators and the KISS aspect of 1-2-3 is gone.
Right frisco, i already known this system 6 months ago, but i just looking other systems again and again, and not find a system that fit in my trading style, i also order a cushion with quotes like this.....
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  • #9,716
  • Jan 8, 2017 10:28pm Jan 8, 2017 10:28pm
Quoting RondaRousey
TooSlow, I like simple methods that are profitable. I have read your ideas and MichaelG's visual with interest and initially thought it was your own ideas about trading. And thought this guys is good. I have not read every page as I get eye strain easily. To me this method works well in a ranging market but in a trending market trades are hard to find due to frequent breakouts. Problems are large spreads, slippage, news events. Regurgitation of someone else's trading ideas and bruce lee's philosophies, do you have anything original? “Don't...
Hey Rhonda that eye strain might be from that 48 second beat down you took from Nunez.
The better looser you are the better winner you are
  • #9,717
  • Jan 8, 2017 11:10pm Jan 8, 2017 11:10pm
Quoting frisco
Thanks Lemercenaire. The good ones have left us. Fortunately their music lives. Great article on staying calm. I was more or less recruited for the SEALS I think in 75 or 76 .At the time I was in training for In Flight Technician (IFT) aircrew on P-3 Orion sub hunters. My Division officer "nominated me. Mandatory meeting somewhere at PAX River NATC. Ist school would be "UDT" Underwater Demolition Team. , then SAR SEAR School, then SEAL. I get bad ear aches if I swim 10 feet underwater, so I bowed out after that first meeting. The other thought was...
Hey frisco, remind me never to upset you or get on your ignore list. I would spend the rest of my life looking over my shoulder.lol.
Beautiful aircraft. My Dad was in the Royal Australian Air Force (after he came out from the UK after WW2 from the RAF). He was an armaments fitter and explosives "guru" I fell in love with aircraft at a very young age (for obvious reasons). The RAAF are still using the AP-3C Orion for surveillance and maritime search and rescue. Love them. (I love the smell of kerosene in the morning!!)......sorry TooSlow, a bit off thread topic. Blame the yank.
  • #9,718
  • Jan 9, 2017 12:23am Jan 9, 2017 12:23am
Quoting RondaRousey
TooSlow, I like simple methods that are profitable. I have read your ideas and MichaelG's visual with interest and initially thought it was your own ideas about trading. And thought this guys is good. I have not read every page as I get eye strain easily. To me this method works well in a ranging market but in a trending market trades are hard to find due to frequent breakouts. Problems are large spreads, slippage, news events. Regurgitation of someone else's trading ideas and bruce lee's philosophies, do you have anything original?...
My goal in trading is to make money.
Originality is not on my radar.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,719
  • Jan 9, 2017 12:26am Jan 9, 2017 12:26am
Quoting frisco
Pippy aka PTG uses M30. Sometimes I use M15. But until you have mastered HOLO DO NOT CHANGE ANYTHING!! This is one area of yourself you must master. Empty your mind. Leave the rest behind. Fill it with HOLO. HOLO is deceptively simple. You will most likely want to add something. RESIST THAT URGE!! Failure to do so will result in hindering your progress Please make clear TooSlow. When you say beginners use H1, Are you saying H1 and only H1? Does that mean no 15 minute combined with H1 for watching for monitoring the price after it has entered into...
Yes, H1 and only H1.
You don't buy on red H1 candles.
You don't sell on green H1 candles.
Easy to see when you are looking at H1.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,720
  • Jan 9, 2017 12:48am Jan 9, 2017 12:48am
Hi... found signal on USDCAD
Attached Image (click to enlarge)
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