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Highest Open / Lowest Open Trade

  • #10,321
  • Feb 6, 2017 9:34am Feb 6, 2017 9:34am
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Rule #5
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,322
  • Feb 6, 2017 11:01am Feb 6, 2017 11:01am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,323
  • Feb 6, 2017 11:01am Feb 6, 2017 11:01am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,324
  • Feb 6, 2017 11:51am Feb 6, 2017 11:51am
Pretty good trade on the USD/CAD. Thanks for posting even if I missed it.

I've made a good trade on NZD/USD.

Both have gone pretty far in terms of profits : a good 20+ pips. I like your strategy as it is based on price and appear to have a pretty good win/loss ratio. Have you tried to optimize the stop loss level? I am simply wondering if there is enough room to accomodate for price swings.
  • #10,325
  • Feb 6, 2017 11:51am Feb 6, 2017 11:51am
Quoting TooSlow
{quote} This is trading. Trading is mostly "maybe" and "sometimes". Rather than debating with those who have been trading HOLO for a while, read and learn the HOLO basics. Do not attempt to bend/break the rules until you have mastered the rules. What is HOLO? HOLO is H1 Highest Open Lowest Open. TooSlow.png;2173551 Above is a H1 candle chart. No indicators. Period separators mark the start/end of day. Mark the highest/lowest opens for each day. Wouldn't you like to have been short at the highest open each day? Wouldn't you like to have been long...
Agreed about Trading being mostly "maybe" and "Sometimes" But nothing wrong with discussing the probabilities or "maybe" and how frequent!!

Nobody is debating here....just asking very basic questions about the strategy and its rules! I have no idea why my question as seen as a debate. I am not suggesting or asking to change any rules....just merely asking "the" rules.

That said....I respect what the strategy is with zero intention to break or bend rules. As a matter of fact...want to follow the strategy "AS IS" first and that is why asking questions for clarifications to ensure I get the exactly as you described and intended it to be.

Note: I do not have the luxury to be watching the charts during the day. I have to understand the strategy in very details so I can setup alerts accordingly to enter the trade or made aware of possible setups.

Thanks again everyone who have tried to help.
  • #10,326
  • Feb 6, 2017 12:01pm Feb 6, 2017 12:01pm
Quoting yalgaar
{quote} Agreed about Trading being mostly "maybe" and "Sometimes" But nothing wrong with discussing the probabilities or "maybe" and how frequent!! Nobody is debating here....just asking very basic questions about the strategy and its rules! I have no idea why my question as seen as a debate. I am not suggesting or asking to change any rules....just merely asking "the" rules. That said....I respect what the strategy is with zero intention to break or bend rules. As a matter of fact...want to follow the strategy "AS IS" first and that is why asking...
Just use the HOLO alert under the paperclip.
  • #10,327
  • Feb 6, 2017 12:02pm Feb 6, 2017 12:02pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,328
  • Feb 6, 2017 12:08pm Feb 6, 2017 12:08pm
Quoting edsudist
Pretty good trade on the USD/CAD. Thanks for posting even if I missed it. I've made a good trade on NZD/USD. Both have gone pretty far in terms of profits : a good 20+ pips. I like your strategy as it is based on price and appear to have a pretty good win/loss ratio. Have you tried to optimize the stop loss level? I am simply wondering if there is enough room to accomodate for price swings.
Focus on the 10 TRADE CHALLENGE.
Do not concern yourself with optimizing at this stage of your learning HOLO.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,329
  • Feb 6, 2017 12:09pm Feb 6, 2017 12:09pm
Quoting yalgaar
{quote} Agreed about Trading being mostly "maybe" and "Sometimes" But nothing wrong with discussing the probabilities or "maybe" and how frequent!! Nobody is debating here....just asking very basic questions about the strategy and its rules! I have no idea why my question as seen as a debate. I am not suggesting or asking to change any rules....just merely asking "the" rules. That said....I respect what the strategy is with zero intention to break or bend rules. As a matter of fact...want to follow the strategy "AS IS" first and that is why asking...
Those who do not have the luxury of watching the charts, in most cases, should not be trading.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,330
  • Feb 6, 2017 12:29pm Feb 6, 2017 12:29pm
Quoting TooSlow
{quote} Focus on the 10 TRADE CHALLENGE. Do not concern yourself with optimizing at this stage of your learning HOLO.
TooSlow,

I don't know what the 10 TRADE CHALLENGE is. I will be willing to participate if it is not too late and I can make myself available. Is there a post where the rules are written?

You're right, first I need to fully grasp the strategy, but knowing how important money management is, I can't help thinking about it.
  • #10,331
  • Feb 6, 2017 12:56pm Feb 6, 2017 12:56pm
Quoting edsudist
{quote} TooSlow, I don't know what the 10 TRADE CHALLENGE is. I will be willing to participate if it is not too late and I can make myself available. Is there a post where the rules are written? You're right, first I need to fully grasp the strategy, but knowing how important money management is, I can't help thinking about it.
I suggest you take some time and read the thread.
Start with POST #1.

Attached Image


Your mind is full of ideas and lessons from other places.
Do you want to learn HOLO?
You can not learn HOLO by holding onto other teachings.
EMPTY YOUR MIND.

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,332
  • Feb 6, 2017 1:03pm Feb 6, 2017 1:03pm
OK. I will concentrate on trading HOLO until I understand all its intricacies.
  • #10,333
  • Feb 6, 2017 1:05pm Feb 6, 2017 1:05pm
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  • #10,334
  • Feb 6, 2017 1:17pm Feb 6, 2017 1:17pm
Quoting edsudist
OK. I will concentrate on trading HOLO until I understand all its intricacies.
There are no intricacies.
HOLO is simple.
Simple works.
Do not complicate HOLO.
Do not add to HOLO.
Embrace HOLO as it is.

Attached Image


HOLO is entering the right way at the right time.
Nothing to think about.
No intricacies of concern.
Wait or enter.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,335
  • Feb 6, 2017 2:31pm Feb 6, 2017 2:31pm
Quoting oily
Many thanks to TooSlow and everyone here , nice lot of people First trade , hope it is correct . Live accountUntitled.jpg;2174765 {image}
Welcome, Oily.

I am not going to answer your question directly - instead I have marked up your chart. I want you to take a look, then read the HOLO rules for entry again. Now answer your own question...Is this a correct entry?

Attached Image (click to enlarge)
Click to Enlarge Name: HOLOegforOily6thfeb17_Ink_LI.jpg Size: 737 KB



EDIT:
Here's the second chart - same deal.

Attached Image (click to enlarge)
Click to Enlarge Name: 2ndegforOily_Ink_LI.jpg Size: 693 KB
  • #10,336
  • Feb 6, 2017 5:00pm Feb 6, 2017 5:00pm
Quoting lemercenaire
{quote} Welcome, Oily. I am not going to answer your question directly - instead I have marked up your chart. I want you to take a look, then read the HOLO rules for entry again. Now answer your own question...Is this a correct entry? HOLOegforOily6thfeb17_Ink_LI.jpg;2175285 EDIT: Here's the second chart - same deal. 2ndegforOily_Ink_LI.jpg;2175297 {image} {image}
TY Lemercenaire ,are you saying i entered late and I should enter on the line (HL HO exact ) ?
regards Oily
  • #10,337
  • Feb 6, 2017 6:27pm Feb 6, 2017 6:27pm
Quoting oily
{quote} TY Lemercenaire ,are you saying i entered late and I should enter on the line (HL HO exact ) ? regards Oily
What does Rule #2 say?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,338
  • Feb 6, 2017 6:33pm Feb 6, 2017 6:33pm
This is one of the few threads where the strategy has not changed over the first 10-20 pages, let alone 200!

Well done TooSlow
  • #10,339
  • Feb 6, 2017 6:57pm Feb 6, 2017 6:57pm
Quoting 2+2=4ex
This is one of the few threads where the strategy has not changed over the first 10-20 pages, let alone 200! Well done TooSlow
This is page 517.
What is there to change?

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,340
  • Feb 6, 2017 7:47pm Feb 6, 2017 7:47pm
Quoting TooSlow
TooSlow.png;2175125 {image}
Hi Too Slow,

What does the Red "X" in your charts refer to?

Thank you,
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