Highest Open / Lowest Open Trade

That is not true.
Isn't this covered in POST #1?

Pick your trading session.
Pick the currencies most active during that session.
I know this question has been asked and answered.

THIS THREAD IS OVER 500 PAGES NOW!!

If you have not read this thread and want to ask a question, answer this question first:

DO I REALLY THINK MY QUESTION IS SO UNIQUE THAT NO ONE ELSE HAS ASKED IT IN THE FIRST 500 PAGES OF THIS THREAD?

Perhaps a search of the thread may help you find the answer to your question.
Give it a shot!

sorry, but that is a funny statement.
as long as you get/see a H1 chart of your commodities, there is higher and lower H1 prices to work with...

posting two charts one is Copper on MCX India , lower one is Copper ON mcx...see the difference in charts.....same template....

If the indi does not work then just draw the lines manually. Not really that hard....

Sir, can you post template that you used in last post . There we will get lower open +5,+10,........like these levels.

Regards

kamal

Did you check the attachments?
Did you check the inputs of the indicator?

“I don’t know what to do.” “I’m in a rut.” “I feel stuck.” These are words Marc and I hear frequently from our newest course students. We all struggle with this kind of mindset sometimes, and if you are right now, it’s time to push through. There’s plenty you can do.

The truth is, you have the power to move forward no matter what obstacles block your path. You have the power to live up to your highest vision of how your life can be. You have the power to follow through and make significant progress on your biggest goals. You have all this power because you have the CHOICE. In each moment you can choose what you think, what you do, and who you want to be.

If you're being pulled in every direction by forces beyond your control, take time to realign yourself with what you value most in life.

You don’t have to continue doing things the way you’ve always done them. You don’t have to be held a prisoner by your old, familiar habits and assumptions.

Today is a new day, filled with new possibilities, so remember...

1. Feeling stuck is a FEELING, not a fact. – When we feel stuck, typically our first instinct is to look outside of ourselves for someone or something to blame. In reality, we ought to be looking at how we’re feeling, what we’re thinking, and how we plan to respond. Your life is your responsibility. While you can’t always change what’s outside of you, you can certainly change your perception of it. And the funny thing is, when you change the way you look at things, the things themselves change. (covered in the "Happiness & Positive Living" module of "Getting Back to Happy")

2. Yesterday’s bad news is not worth reliving. – You can’t have a better today if you’re still thinking and worrying about yesterday. Whatever could have been or should have been, doesn’t matter. Even though you may want to move forward in your life, you have one foot on the brakes when you’re thinking about the past. In order to be free, you must learn how to let go of whatever old news is keeping you stuck. Release your regrets. Discard yesterday’s frustrations. Refuse to entertain old pain. The energy it takes to hang onto these things is holding you back from a new beginning. What is it you want to let go of today? Do it!

3. Feeling stuck is a sign that it’s time to make a change. – It could be a change of heart, a change in your perspective, or a change in your habits. But the point in any case is that the way you are doing things is no longer working. Imagine yourself as a river, flowing into a great ocean. Oftentimes, a river grows narrower and appears on the surface to lack movement just before it breaks through to the larger body of water. The same thing happens to us as we prepare for a breakthrough in life. Our flow must contract before it can expand. And the contraction is equally important to the expansion. (covered in the "Pain & Hardship" module of "Getting Back to Happy")

4. What you need to do won’t be easy, but it will be worth it in the end. – If you’ve been asking the same questions for a long time, yet you’re still stuck, it’s probably not that you haven’t been given the answers, but that you don’t like the answers you were given. Remember, it takes a great deal of courage to admit that something needs to change, and a lot more courage still, to accept the responsibility for making the change happen. Growth and change may be painful sometimes, but nothing in life is as painful as staying stuck where you don't belong.

5. An excuse is standing somewhere between you and the next step you need to take. – If you really want to do something, you'll find a way. If you don't, you'll find an excuse. This may be tough to accept, but it’s the truth. Stop making excuses for why you can't get it done and start focusing on all the reasons why you must make it happen. The only person who can truly hold you back is you. So no more excuses – it's time to change. It's time to choose what's best for YOU. Oftentimes when we feel stuck, we are waiting for something magical to happen. We wonder when the winds will change in our favor. We do this instead of embracing the present and admitting the change we need to make. What is keeping you from stepping forward? If not fear of failure, then what? Insecurity? Laziness? What is your excuse? We all have one. And when we focus on our excuses more than our steps forward, we walk in a circle and fall into the familiar pit we call “Stuck.” (covered in the "Goals & Growth" module of "Getting Back to Happy")

- Angel Chernoff

Too Good & A must read.

Thanks for the inspiration....

Economics is messy

We still teach a lot of myths in the intro to economics course, myths that spill over to conventional wisdom.
Human beings make rational decisions in our considered long-term best interest.
Actually, behavioral economics shows us that people almost never do this. Our decision-making systems are unpredictable, buggy and often wrong. We are easily distracted, and even more easily conned.
Every time we assume that people are profit-seeking, independent, rational actors, we've made a mistake.
The free market is free.
The free market only works because it has boundaries, rules and methods of enforcement. Value is created by increasing information flow and working to have as many contributing citizens as possible.
Profit is a good way to demonstrate the creation of value.
In fact, it's a pretty lousy method. The local water company clearly creates more value (in the sense that we can't live without it) than the handbag store down the street, and yet the handbag store has a much higher profit margin. That's not because of value, but because of mismatches in supply and demand, or less relevant inputs like brand, market power and corporate structure.
Profit is often a measure of short-term imbalances or pricing power, not value.
I hope we can agree that a caring nurse in the pediatric oncology ward adds more value than a well-paid cosmetic plastic surgeon doing augmentations. People with more money might pay more, but that doesn't equate to value.
The best way to measure value created is to measure value, not profit.
The purpose of society is to maximize profit
Well, since profit isn't a good measure of value created, this isn't at all consistent. More important, things like a living wage, sustainability, fairness and the creation of meaning matter even more. When we consider how to advance our culture, "will it hurt profits?" ought not to be the first (or even the fifth) question we ask.
The price of a stock represents the value of the company.
It turns out that the price of a stock merely reflects what a few people decided to trade it for today. Tomorrow, it will certainly be different, even if nothing about the company itself changes.
There's very little correlation with how the traders come to value a company in the market and how much value a company actually creates.
The only purpose of a company is to maximize long-term shareholder value.
Says who? Is the only purpose of your career to maximize lifetime income? If a company is the collective work of humans, we ought to measure the value that those humans seek to create.
Just because there's a number (a number that's easy to read, easy to game, easy to keep track of) doesn't mean it's relevant.

- Seth Godin

I would appreciate it if I could have opinion on SL placement.
My question is if a trade fullfills all the requirements however 'Today's High/Low' is too close to entry point for the SL to serve any useful purpose, where should it be placed?
I have tended to just walk away from these trades. Is this a good decision?

Hi Guys. Are there any exceptions when this alert is on the chart: EXTREME CAUTION: PRICE BELOW YESTERDAY LOW ? I found many setups yesterday but didn't trade them because of this alert.

I believe we covered stop loss somewhere in the 500 pages.
Did you do a search on the thread for "stop loss"?

The alert did not stay DO NOT TRADE.
It would say DO NOT TRADE: PRICE BELOW YESTERDAY LOW, if that is what is supposed to happen.
It says EXTREME CAUTION.

I understand these can be tradeable. Rather I would like to clarify what specifically should the trader be cautious of. Is it breakout bars or sudden spikes? And what conditions would make you NOT trade a setup showing this alert?

Thanks for doing a good job keeping this thread in order.

Instead, of a direct answer. Let me turn it back onto yourself if I may.

Think it through - what conditions would lead to price pushing past yesterday's high or low and continue to lead to breakout candles forming today? Are those conditions compatible to the way in which HOLO works?

Answer those two questions and you will have all the information you need to make an informed decision as to whether you want to take a chance and paddle in those waters.

What should a trader always be cautious of?

the rules they set.

Price breaking out the wrong way.

I just love these cryptic replies which make me think. I get it now. As long as the rules are followed during the time of the trade then it's a valid trade. Cheers!