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Highest Open / Lowest Open Trade

  • #10,421
  • Feb 16, 2017 8:40am Feb 16, 2017 8:40am
Quoting merah678
{quote}I tried multiple pairs before, and found that I'm all over the place, I can't justify almost 3/4 of the trades taken. As a result i can't improve my trading skills. What worked for me may not worked for you. Adjustments can only be made after you got the root cause.
Well done.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,422
  • Feb 16, 2017 8:45am Feb 16, 2017 8:45am
Quoting TooSlow
{quote} Please read the thread. You will learn changing time frames has no effect on the price.
So if if the stop is 10 pips from HO to DH and my spread is 6pip, I just make my SL 16 pips?
  • #10,423
  • Feb 16, 2017 8:51am Feb 16, 2017 8:51am
Quoting Kakmaker
{quote} So if if the stop is 10 pips from HO to DH and my spread is 6pip, I just make my SL 16 pips?
Maybe 17, 18, 19,...
Adjust position size to maintain same risk level.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,424
  • Feb 16, 2017 8:55am Feb 16, 2017 8:55am
Quoting Kakmaker
{quote} So if if the stop is 10 pips from HO to DH and my spread is 6pip, I just make my SL 16 pips?
If you're running with a spread of 6 pips on anything other than the most exotic pairs, then you really need a new broker. Click on your post above or no doubt in this one, on the word ''spreads'' or go direct to the ''Brokers'' tab above and you will get a good place to start your research.
  • #10,425
  • Feb 16, 2017 9:41am Feb 16, 2017 9:41am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,426
  • Feb 16, 2017 11:27pm Feb 16, 2017 11:27pm
Hi Yalgaar,
For your refference. Several HOLO and 123 were available. Its totally up to you to trade it or not. We could not trade the past, we could not trade the future. We only can trade the now moment. Take it or leave it  
 
Please be advised, please get fimiliar with the setups. TooSlow has provided all the relevent template together with guidelines.
 
Wish you all happy trading sessions. 
 
 
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  • #10,427
  • Feb 17, 2017 3:02am Feb 17, 2017 3:02am
Attached Image (click to enlarge)
Click to Enlarge Name: 2-16-17 holo eg.png Size: 22 KB

Yesterday I took the EG long red arrow, took some profit and let it run, +80
  • #10,428
  • Feb 17, 2017 3:14am Feb 17, 2017 3:14am
Quoting hal7
{image} Yesterday I took the EG long red arrow, took some profit and let it run, +80
Would not your first entry be four bars to your left ( another green bar)
What is that line (84947) sitting on the open of your trade (red arrow) -and the line at low of pinnish bar (next red bar left of your entry arrow)?
Thanks in advance.
T
every Saint has a past. Every Sinner has a Future
  • #10,429
  • Feb 17, 2017 3:37am Feb 17, 2017 3:37am
Attached Image (click to enlarge)
Click to Enlarge Name: 2-16-17 holo eg-a.png Size: 24 KB

I don't think so turnip15. Going back I inserted the red line to show the lower open line. The red bar before my entry was the new lowest open and I triggered off that.

The first line you mention is a horizontal alert line I it sounds when price hits it to alert me when to enter a trade, I just happen to have it sitting there at my entry. I have been searching for a sound alert horizontal line that will not sound when placed on an active bar after the initial alert. If anyone knows of one I would like to know. This gives a constant signal which is annoying and has to be moved off the bar. It doesn't have any settings. Oh, to be a programmer.

The other blue line is simply the low of the previous day which of course shows now because we are on a new day, yesterday would have not been there.
  • #10,430
  • Feb 17, 2017 4:43am Feb 17, 2017 4:43am
Quoting hal7
{image} I don't think so turnip15. Going back I inserted the red line to show the lower open line. The red bar before my entry was the new lowest open and I triggered off that. The first line you mention is a horizontal alert line I it sounds when price hits it to alert me when to enter a trade, I just happen to have it sitting there at my entry. I have been searching for a sound alert horizontal line that will not sound when placed on an active bar after the initial alert. If anyone knows of one I would like to know. This gives a constant signal...
Ah -thanks Hal. Much appreciated.
every Saint has a past. Every Sinner has a Future
  • #10,431
  • Feb 17, 2017 6:56am Feb 17, 2017 6:56am
Tooslow and Other HOLO experts

Reading most of the threads here, I noticed mention of using 15m chart to see if you can get a candle open in the "Area of Interest" (area between Highest Open and Highest price of the day and Lowest Open and Lowest price for the day on H1 chart)

Is there a logical reason for watching 15m chart? I also read its easy for the beginners but I am wondering if you are in front of your chart what is difference is makes if you are watching 15m or 1m charts and just looking for a candle Open in the area of interest?

I am trying to understand if I have missed something critical.
  • #10,432
  • Feb 17, 2017 7:19am Feb 17, 2017 7:19am
Quoting yalgaar
Tooslow and Other HOLO experts Reading most of the threads here, I noticed mention of using 15m chart to see if you can get a candle open in the "Area of Interest" (area between Highest Open and Highest price of the day and Lowest Open and Lowest price for the day on H1 chart) Is there a logical reason for watching 15m chart? I also read its easy for the beginners but I am wondering if you are in front of your chart what is difference is makes if you are watching 15m or 1m charts and just looking for a candle Open in the area of interest? I am trying...
If you drop to the m1 chart you will be a nervous wreck very quickly (especially if you are only learning HOLO) as price will whip in-and-out of the Area of Interest numerous times before settling, usually too quickly for you to enter at the exact entry level. Using the m15 gives you time to breathe a little easier while you set your trade entry up.
  • #10,433
  • Feb 17, 2017 7:23am Feb 17, 2017 7:23am
Quoting lemercenaire
{quote} If you drop to the m1 chart you will be a nervous wreck very quickly (especially if you are only learning HOLO) as price will whip in-and-out of the Area of Interest numerous times before settling, usually too quickly for you to enter at the exact entry level. Using the m15 gives you time to breathe a little easier while you set your trade entry up.
Thank you very much for quick reply. It makes 100% sense.
  • #10,434
  • Feb 17, 2017 8:12am Feb 17, 2017 8:12am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,435
  • Feb 17, 2017 8:14am Feb 17, 2017 8:14am
Quoting yalgaar
Tooslow and Other HOLO experts Reading most of the threads here, I noticed mention of using 15m chart to see if you can get a candle open in the "Area of Interest" (area between Highest Open and Highest price of the day and Lowest Open and Lowest price for the day on H1 chart) Is there a logical reason for watching 15m chart? I also read its easy for the beginners but I am wondering if you are in front of your chart what is difference is makes if you are watching 15m or 1m charts and just looking for a candle Open in the area of interest? I am trying...
Changing time frame does not change the price.
What changing time frame does is increase/decrease the number of opportunities per hour/day.
M15 gives you 4 chances per hour.
M5 gives you 12 chances per hour.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,436
  • Feb 17, 2017 8:17am Feb 17, 2017 8:17am
Hi TooSlow,
I make some indicator for this HOLO.
Hope to "see" it clearly.. ;P

Attached Image (click to enlarge)
Click to Enlarge Name: HOLOM15.JPG Size: 57 KB

Attached Image (click to enlarge)
Click to Enlarge Name: HOLO.JPG Size: 58 KB
Attached File(s)
File Type: ex4 HOLO.ex4   8 KB | 1,049 downloads
File Type: mq4 HOLO.mq4   4 KB | 1,900 downloads
  • #10,437
  • Feb 17, 2017 8:47am Feb 17, 2017 8:47am
[quote=TooSlow;9570507]{quote} Changing time frame does not change the price. What changing time frame does is increase/decrease the number of opportunities per hour/day. M15 gives you 4 chances per hour. M5 gives you 12 chances per hour.[/quote]
M1 makes your head explode...
  • #10,438
  • Feb 17, 2017 8:49am Feb 17, 2017 8:49am
Quoting Hairi
Hi TooSlow, I make some indicator for this HOLO. Hope to "see" it clearly.. ;P {image} {image} {file} {file}
Mmmmm...visited another galaxy recently by any chance, lol?
  • #10,439
  • Feb 17, 2017 9:17am Feb 17, 2017 9:17am
Quoting lemercenaire
{quote} Mmmmm...visited another galaxy recently by any chance, lol?
Lol..come back stronger. ;p
  • #10,440
  • Feb 17, 2017 9:26am Feb 17, 2017 9:26am
Too slow, tell me please, let heighest open is formed by the current hour candle, do we need to wait for the closing of the candle, or we can go inside the candle, because it is in any case can be bullish and then fall below its opening and become the bear, can we trade in this candles? thanks in advance and sorry for my english
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