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Highest Open / Lowest Open Trade

  • #10,461
  • Feb 18, 2017 5:30pm Feb 18, 2017 5:30pm
Quoting emadmax001
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. {image}
Hi there. These are good calls. I have marked two previous candles for potential buy trades. Why would these not have been traded? The only way they would not have been is if they were contained inside an H1 breakout candle...is this the case?

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  • #10,462
  • Feb 18, 2017 5:52pm Feb 18, 2017 5:52pm
Quoting lemercenaire
{quote} Hi there. These are good calls. I have marked two previous candles for potential buy trades. Why would these not have been traded? The only way they would not have been is if they were contained inside an H1 breakout candle...is this the case? {image}
Thanks for your reply. Indeed those 2 other candles do qualify as well. I didn't consider them because I was fully following TooSlow's indicator - when I took this screenshot, the indicator mentioned candle #39 as the Lower Open one, which is 3 candles to the right from the last one you have marked.
  • #10,463
  • Feb 18, 2017 5:55pm Feb 18, 2017 5:55pm
Quoting emadmax001
{quote} Thanks for your reply. Indeed those 2 other candles do qualify as well. I didn't consider them because I was fully following TooSlow's indicator - when I took this screenshot, the indicator mentioned candle #39 as the Lower Open one, which is 3 candles to the right from the last one you have marked.
Cool. On to the next set up!
  • #10,464
  • Feb 18, 2017 8:47pm Feb 18, 2017 8:47pm
Quoting frisco
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...
Trend exists only in your mind.
Does the market make a daily high?
Does the price reverse off of that daily high?
Does this happen each and every trading day?
Why fix something that is not broken?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,465
  • Feb 18, 2017 9:55pm Feb 18, 2017 9:55pm
Quoting TooSlow
{quote} Trend exists only in your mind. Does the market make a daily high? Does the price reverse off of that daily high? Does this happen each and every trading day? Why fix something that is not broken?
 
personally,that is why i love HOLO so much. pass is pass,future will come,just keep focusing on the now moment rinse and repeat
  • #10,466
  • Feb 19, 2017 2:39am Feb 19, 2017 2:39am
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.
Pretty sure it says M5 must open in the area of interest right in the first pic on the top right hand corner
  • #10,467
  • Feb 19, 2017 5:11am Feb 19, 2017 5:11am
Quoting TooSlow
{quote} Trend exists only in your mind. Does the market make a daily high? Does the price reverse off of that daily high? Does this happen each and every trading day? Why fix something that is not broken?
This is good Too Slow. What this in effect is saying is you can short the SPX although it is making all time highs in the HO AoI as long as you don't step in front of an H4 freight train.
  • #10,468
  • Feb 19, 2017 10:56am Feb 19, 2017 10:56am
From Post #1:

HIGHEST OPEN / LOWEST OPEN TRADE

Place a line at the highest H1 open and lowest H1 open for the current day.

Sell short at the highest H1 open after price goes up through it and comes back down.

Buy at the lowest H1 open after price goes down through it and comes back up.


Is there anything ambiguous in the above?
You place 2 lines on the chart at specified locations.
You enter a trade when price crosses one of the lines in the specified direction.
What could be simpler?

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,469
  • Feb 19, 2017 10:59am Feb 19, 2017 10:59am
Who is taking the 10 trade challenge the week of FEBRUARY 19, 2017?

During the challenge you are only to trade the same pair.
Beginners do not get to trade multiple pairs until they have mastered trading one single pair.
GREEN PIPS TO ALL.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,470
  • Feb 19, 2017 11:05am Feb 19, 2017 11:05am
This One Easy Trick Can Limit Your Losing Trades

https://moneymorning.com/2015/10/16/...losing-trades/
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,471
  • Feb 19, 2017 3:05pm Feb 19, 2017 3:05pm
Hi all - remember it's Presidents' Day in the US tomorrow (Monday 20th), so it's a Bank Holiday.
  • #10,472
  • Feb 20, 2017 7:31am Feb 20, 2017 7:31am
Heads up - for those trading today...

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  • #10,473
  • Feb 20, 2017 7:35am Feb 20, 2017 7:35am
Maybe something later...

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  • #10,474
  • Feb 20, 2017 7:43am Feb 20, 2017 7:43am
This has already given us one, maybe two, good entries today, so caution on that but this kind of shallow range look can be fertile ground for HOLO set-ups...

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  • #10,475
  • Feb 20, 2017 7:47am Feb 20, 2017 7:47am
I should say that for those doing the 10-Trade Challenge this week, I appreciate that these pairs will be about as much use as a chocolate teapot, as no one will be using them as their single pair - but as it's quiet today due to all those dead presidents, it can just be a bit of educational fun to keep an eye on them to see what happens (or doesn't happen, as the case may be).
  • #10,476
  • Feb 20, 2017 7:50am Feb 20, 2017 7:50am
Another narrow-range funster...

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Might be a bit more ''up'' before ''down'' to come here though...
  • #10,477
  • Feb 20, 2017 7:53am Feb 20, 2017 7:53am
This is another one that could bring fun later...

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Do you see the similarities in these set-ups?
  • #10,478
  • Feb 20, 2017 7:58am Feb 20, 2017 7:58am
Breakout, so one for HOLO potential later...

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  • #10,479
  • Feb 20, 2017 8:01am Feb 20, 2017 8:01am
One more narrow-range to watch...

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  • #10,480
  • Feb 20, 2017 8:10am Feb 20, 2017 8:10am
I know absolutely nothing about this pair...but let's face it, the CHF and the JPY - hardly what you'd call the most mentally stable of them all, right?

Attached Image (click to enlarge)
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However just in this little snapshot of a move, is it a small H4 Dead-Cat-Bounce we can take advantage of?

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