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Highest Open / Lowest Open Trade

  • #10,441
  • Feb 17, 2017 11:49am Feb 17, 2017 11:49am
Quoting Hairi
{quote} Lol..come back stronger. ;p
We abductees know one when we see one ...
  • #10,442
  • Feb 17, 2017 1:03pm Feb 17, 2017 1:03pm
TooSlow and All HOLO Experts

I am trying to study HOLO almost all day today. I am enjoying this and I think I am getting it finally. I still 1 more missing piece. Can someone kindly explain it?

So I am drawling a line at the highest price for today. I am also drawing a link at the highest Open for today on H1 chart. This creates me an "Area of Interest"

Unlike suggested in this thread, I do not see why looking at M1 would be more difficult than looking at M15 or M30. All you need now is 1 candle that opens in the area of interest. Isn't that correct? Am I getting this part right? If that is the case, can we enter a "Pending Order" at this point to take the "Sell" trade when the price drops to the "Highest Open" line?

Can someone kindly please help me with this missing piece I am still having trouble to understand.
  • #10,443
  • Feb 17, 2017 1:13pm Feb 17, 2017 1:13pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,444
  • Feb 17, 2017 1:16pm Feb 17, 2017 1:16pm
Quoting yalgaar
TooSlow and All HOLO Experts I am trying to study HOLO almost all day today. I am enjoying this and I think I am getting it finally. I still 1 more missing piece. Can someone kindly explain it? So I am drawling a line at the highest price for today. I am also drawing a link at the highest Open for today on H1 chart. This creates me an "Area of Interest" Unlike suggested in this thread, I do not see why looking at M1 would be more difficult than looking at M15 or M30. All you need now is 1 candle that opens in the area of interest. Isn't that correct?...
You must empty your mind.
Rather than questioning the method, learn the method AS IS.

Take the 10 TRADE CHALLENGE next week.
You learn trading by trading.
You learn HOLO by trading HOLO.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,445
  • Feb 17, 2017 1:20pm Feb 17, 2017 1:20pm
Quoting TooSlow
{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.

Hi TooSlow

Somehow I missed this reply. Thank you very much. This is what I thought as well and just need a confirmation that it does not matter which time frame as long as there is 1 candle that opens in that area...we can enter the trade at the "fixed" price and it is OK to enter a "Pending Order" for the same so that you don't miss it even by 1 single pip.

Also wanted to ask/confirm....what about M1 timeframe? Is that acceptable as well in this scenario? That will technically give you 60 chances. I am also curious what timeframe do you personally use once you have the "Area of Interest"


Regards
Yalgaar
  • #10,446
  • Feb 17, 2017 1:24pm Feb 17, 2017 1:24pm
Quoting TooSlow
{quote} You must empty your mind. Rather than questioning the method, learn the method AS IS. Take the 10 TRADE CHALLENGE next week. You learn trading by trading. You learn HOLO by trading HOLO. {image}
That is exactly what I am trying to do.....learn HOLO AS-IS. But how do I take the challenge without knowing valid entry? I am not questioning the method. I am really wondering which part of my posts suggest that?
  • #10,447
  • Feb 17, 2017 1:58pm Feb 17, 2017 1:58pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,448
  • Feb 17, 2017 10:29pm Feb 17, 2017 10:29pm
Quoting yalgaar
{quote} That is exactly what I am trying to do.....learn HOLO AS-IS. But how do I take the challenge without knowing valid entry? I am not questioning the method. I am really wondering which part of my posts suggest that?
 
Hi Yalgaar,
My best repond to you is : 
Dont worry my friend.
SL will always be the highest /lowest point of the day.
SL also is used to lock some profit.
HOLO will take care of itself.
Enjoy the processes.
SL hit , refocus . move on to next setup.
TS say 10 , i do 30 trades per set
Simply put you have to create your own reality. 
Rinse and repeat.
The more you practice, the more you comprehend,the more you adapt,its becomes second nature
 
Happy trading guys
 
 
  • #10,449
  • Feb 17, 2017 10:34pm Feb 17, 2017 10:34pm
Quoting yalgaar
{quote} Hi TooSlow Somehow I missed this reply. Thank you very much. This is what I thought as well and just need a confirmation that it does not matter which time frame as long as there is 1 candle that opens in that area...we can enter the trade at the "fixed" price and it is OK to enter a "Pending Order" for the same so that you don't miss it even by 1 single pip. Also wanted to ask/confirm....what about M1 timeframe? Is that acceptable as well in this scenario? That will technically give you 60 chances. I am also curious what timeframe do you...
Do you want to learn HOLO
Or do you want to trade one minute charts?
Choose the former and you're welcome to stay
Otherwise leave immediately.
Either way Green pips to you.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,450
  • Feb 18, 2017 2:28am Feb 18, 2017 2:28am
Quoting TooSlow
{quote} Do you want to learn HOLO Or do you want to trade one minute charts? Choose the former and you're welcome to stay Otherwise leave immediately. Either way Green pips to you. Cheers!
I like your way of respond exellent 1+1=2
  • #10,451
  • Feb 18, 2017 8:10am Feb 18, 2017 8:10am
Quoting TooSlow
{quote} Do you want to learn HOLO Or do you want to trade one minute charts? Choose the former and you're welcome to stay Otherwise leave immediately. Either way Green pips to you. Cheers!
I WANT TO LEARN HOLO! Thought this was already super clear already!
It would be nice if some of the very basic questions were answered about a system rather than being rude!


Would be nice if the Post # 1 had some mention about which time frame to be looking at for a candle open between the area of interest. Would be saved so much trouble to many.
  • #10,452
  • Feb 18, 2017 8:13am Feb 18, 2017 8:13am
Quoting merah678
{quote}  Hi Yalgaar, My best repond to you is : Dont worry my friend. SL will always be the highest /lowest point of the day. SL also is used to lock some profit. HOLO will take care of itself. Enjoy the processes. SL hit , refocus . move on to next setup. TS say 10 , i do 30 trades per set Simply put you have to create your own reality. Rinse and repeat. The more you practice, the more you comprehend,the more you adapt,its becomes second nature  Happy trading guys  Â
Merha678,

This is awesome that you are able to do 30 trades especially over the phone! Please tell me more. How many pairs are you trading? What times do you trade? Also do you get more trades for a certain currency pair as compared to others?
  • #10,453
  • Feb 18, 2017 8:27am Feb 18, 2017 8:27am
Quoting yalgaar
{quote} I WANT TO LEARN HOLO! Thought this was already super clear already! It would be nice if some of the very basic questions were answered about a system rather than being rude! Would be nice if the Post # 1 had some mention about which time frame to be looking at for a candle open between the area of interest. Would be saved so much trouble to many.
Post#1
"Added May 27 2016"
  • #10,454
  • Feb 18, 2017 8:30am Feb 18, 2017 8:30am
Quoting yalgaar
{quote} Merha678, This is awesome that you are able to do 30 trades especially over the phone! Please tell me more. How many pairs are you trading? What times do you trade? Also do you get more trades for a certain currency pair as compared to others?
I would imagine that he means he has done 30 trades in the challenge, more even than 10 as TS asks for.
  • #10,455
  • Feb 18, 2017 9:51am Feb 18, 2017 9:51am
Quoting lemercenaire
{quote} Post#1 "Added May 27 2016"
Thank you! It does mention M15. But no mention of M5 which TS mentioned about it on another post. I was merely asking if it is OK to do M1 as well. But apparently TS rather be rude to me for merely asking question to clarify so I can follow this AS-IS.

I guess I will ignore the mention of M5 and just follow the Post # 1 which states only about M15.

Thanks again for your reply.
  • #10,456
  • Feb 18, 2017 10:20am Feb 18, 2017 10:20am
I tested this system. Loose and loose again. http://s018.radikal.ru/i521/1702/88/aad863ff409b.gif
maybe i cant understand something... sorry for my english
  • #10,457
  • Feb 18, 2017 10:50am Feb 18, 2017 10:50am
Quoting yalgaar
{quote} Merha678, This is awesome that you are able to do 30 trades especially over the phone! Please tell me more. How many pairs are you trading? What times do you trade? Also do you get more trades for a certain currency pair as compared to others?
 
how many pairs : 1 EUR/USD 
i do check  but not trading GBP/USD,EUR/JPY,GBP/JPY,USD/JPY
what times : every day,every session, when ever the setup mada available, i may take it, i may skipped it
how many trade : 1 trade at time , somedays more,somedays less. 
how do i do it? :
a) according to HOLO/123 setup rules
b) rinse and repeat
c) i had posted a refference for you earlier
d) as it is, as shown by othets
e) SL hit, refocus,moved on, next setup please 
time frames : H1
why?
a) personal preference
b) its does not matter. price is a flow, no begining,middle,ending. the price still move even the market is closed. ever wonder gap happened on Monday?
c) if the price now is X, every tf will show X. why bother?
do i get more for a certain pair ? :
a) only market would validate my action
b) i dont care, i just trade the setups available
 
hope that would clarify your interest .As i mention before rinse and repeat until its becomes a second nature. Like Nike slogan : Just Do It 
 
go easy on yourself learning is building knowledge, applying the knowledge build up skills
happy trading guys
  • #10,458
  • Feb 18, 2017 11:06am Feb 18, 2017 11:06am
Quoting yalgaar
{quote} Thank you! It does mention M15. But no mention of M5 which TS mentioned about it on another post. I was merely asking if it is OK to do M1 as well. But apparently TS rather be rude to me for merely asking question to clarify so I can follow this AS-IS. I guess I will ignore the mention of M5 and just follow the Post # 1 which states only about M15. Thanks again for your reply.
Do not confuse terse for rude.

terse
tərs/
adjective

  1. sparing in the use of words; abrupt.
    "a terse statement"
    synonyms:brief, short, to the point, concise, succinct, crisp, pithy, incisive, trenchant, short and sweet, laconic, elliptical;

You have not even tried a HOLO trade.
The HOLO rules are on the charts I post.
MichaelG has created not one but two documents to help traders understand HOLO.
Lem goes out of his way to give detailed answers to questions.
What have you done to learn HOLO?
Have you read the 500+ pages of the thread?
If you have, then you will see others are successful trading HOLO.
Did any of them mention M1?
Why are you insisting on asking about M1 when HOLO does not mention M1?
Your next posts should contain charts showing your HOLO trades.
If they don't then I will have to put you on ignore.
TOUGH LOVE!

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,459
  • Feb 18, 2017 11:30am Feb 18, 2017 11:30am
Hi! I have been reading this thread with interest. To make sure I got this right, can you please validate these setups? (I placed check signs on the candles that I believe should be traded). It I'm not correct, please explain why. Thanks.
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  • #10,460
  • Feb 18, 2017 1:55pm Feb 18, 2017 1:55pm
Quoting yalgaar
{quote} I WANT TO LEARN HOLO! Thought this was already super clear already! It would be nice if some of the very basic questions were answered about a system rather than being rude! Would be nice if the Post # 1 had some mention about which time frame to be looking at for a candle open between the area of interest. Would be saved so much trouble to many.
Yalgaar, Did you see the PDF download at the very very bottom on POST 1? Michael G. posted it. Click on it, save it and study it. Just another description of what TooSlow already provided. Maybe it will help.
We have had record highs in the stock indexes, so I have been avoiding the DOW futures index, (which works really well with HOLO) . I did not take any DOW trades this past week because of the break-out rule...however, If I had only taken 1-2-3 Buy signals...They did very well.
I am wondering if TS ever uses HOLO or 1-2-3 for entries into strong trend pullbacks such as seems the case with the DOW this past week. It appears that one could establish a position in the market when it is in a strong trend using these methods.

I am still training myself to identify 1-2-3 and HoLo patterns using only H1 bars. Having stated that, I have noticed that these patterns appear in other time frames including daily bars. I am not trying to distract anyone with these observations. It is just that the pattern seems to be universally robust over virtually any time frame and in many markets.
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