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Highest Open / Lowest Open Trade

  • #10,581
  • Mar 3, 2017 8:38am Mar 3, 2017 8:38am
Quoting TooSlow
Does Adversity Really Make You Mentally Stronger? Is your mental toughness challenged when you have to perform under adverse circumstances? If you want to perform your best, you'll need to learn how to anticipate and cope with challenges. Coping means having a way to respond to adversity so you can perform with a level head. Sports has its ups and downs and there is nothing you can do to prevent occasional unforeseen circumstances, but you can control how you respond to those situations. For example, the story of Melvin Upton is one of great success...

seems like confirming my weekly routine
what 3 things that i did good this week
how do i repeat them
what 3 things that i could do better
how do i pursue them

for preparation for trade
S-top thinking thinking to much
T-ake a deep breath
O-pen up,acknowledge that feeling
P-ursue action as planned
  • #10,582
  • Mar 4, 2017 11:19am Mar 4, 2017 11:19am
Who is taking the 10 trade challenge the week of MARCH 5, 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
  • #10,583
  • Mar 4, 2017 11:27am Mar 4, 2017 11:27am
Quoting merah678
{quote} seems like confirming my weekly routine what 3 things that i did good this week how do i repeat them what 3 things that i could do better how do i pursue them for preparation for trade S-top thinking thinking to much T-ake a deep breath O-pen up,acknowledge that feeling P-ursue action as planned
Stop, Think, Observe, Plan
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,584
  • Mar 4, 2017 1:39pm Mar 4, 2017 1:39pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 50 KB


Noticed a trader posted a HOLO indicator to shade the HOLO areas.
Modified the indicator from Swingman to include this feature.
Indicator and template attached.
Attached File(s)
File Type: mq4 smHiLoOpen Lines_v1.2.mq4   40 KB | 6,569 downloads
File Type: tpl tooslow_holo_share.tpl   18 KB | 4,187 downloads
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,585
  • Mar 4, 2017 1:49pm Mar 4, 2017 1:49pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 30 KB


Look at the chart.
Isn't HOLO obvious?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,586
  • Mar 4, 2017 3:48pm Mar 4, 2017 3:48pm
Quoting TooSlow
{image} Look at the chart. Isn't HOLO obvious?
Less is more...
  • #10,587
  • Edited 10:05pm Mar 4, 2017 8:03pm | Edited 10:05pm
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION

Hi TooSlow,

Great stuff. May I inquire the following:
- Do you trade the method on all 28 major pairs?
- Does the method work on exotic pairs or other markets e.g. gold or oil?
- Do I need to wait for at least two candles to form FOR THE NEW CURRENT DAY before looking for valid setups? I live in Asia and I wake up at 5 AM, which is about the time brokers print a new day.
- What is the difference between the HOLO method and the 123 method (your other thread)?

Thank you!

Edit #1: additional question - who's your broker? Oanda apparently prints Sunday bars.
Edit #2: additional question - What if:
1) Price opens within our area of interest on our trigger timeframe (let's say M15)
2) It did not pass through our highest H1 open for current day (for short trades)
3) Four M15 candles has already passed and sell stop order has not been triggered yet
4) A new candle prints on the H1 chart and shows a new higher open (which then makes it the new highest H1 open for current day)
- Will this result into cancelling the pending sell stop order? Will this in turn minimize our area of interest, since the new highest open is now closer to the current daily high?

Hope I made sense and hoping for some enlightenment. Thanks!
  • #10,588
  • Mar 5, 2017 8:33pm Mar 5, 2017 8:33pm
my day starts early. HO was made available. SL inplaced. will it go up making new high? will it go down making new low? no body knows.Just do it. Moved the SL to lock some profit
Attached Image (click to enlarge)
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  • #10,589
  • Mar 6, 2017 3:45am Mar 6, 2017 3:45am
Am I doing this right? Buy stop order on EURAUD

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 26 KB
  • #10,590
  • Mar 6, 2017 7:23am Mar 6, 2017 7:23am
So far so good

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 25 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 26 KB


Attached Image (click to enlarge)
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  • #10,591
  • Mar 6, 2017 7:37am Mar 6, 2017 7:37am
Quoting DavidApol
Am I doing this right? Buy stop order on EURAUD {image}
You are new to HOLO.
You should only be trading ONE PAIR.
Your entries look late.
Download the latest HOLO indicator and template.
Use them!!
HOLO does not use wiggly lines.
If you expect to learn HOLO then reread POST #1 and follow ALL OF THE INSTRUCTIONS.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,592
  • Mar 6, 2017 8:18am Mar 6, 2017 8:18am
Quoting TooSlow
{quote} You are new to HOLO. You should only be trading ONE PAIR. Your entries look late. Download the latest HOLO indicator and template. Use them!! HOLO does not use wiggly lines. If you expect to learn HOLO then reread POST #1 and follow ALL OF THE INSTRUCTIONS.
Pardon me for suddenly jumping the charts sensei. I will follow your instructions. But may I please ask for some enlightenment on post #10,587?

Thank you.
  • #10,593
  • Mar 6, 2017 8:50am Mar 6, 2017 8:50am
Quoting DavidApol
{quote} Pardon me for suddenly jumping the charts sensei. I will follow your instructions. But may I please ask for some enlightenment on post #10,587? Thank you.
Enlightenment will come with time and repetitive practice.
You need to learn HOLO first.

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,594
  • Mar 6, 2017 12:22pm Mar 6, 2017 12:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 55 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,595
  • Mar 6, 2017 12:24pm Mar 6, 2017 12:24pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 66 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,596
  • Mar 6, 2017 1:00pm Mar 6, 2017 1:00pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 50 KB


Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,597
  • Mar 6, 2017 5:49pm Mar 6, 2017 5:49pm
Quoting TooSlow
{quote} Enlightenment will come with time and repetitive practice. You need to learn HOLO first. {image}
Alright sensei. But may I reiterate on my question that has confused me (when I set an order and a new highest/lowest open occurs I tend to cancel if it is outside the new area of interest. Below is the scenario that boggles me:

What if:
1) Price opens within our area of interest on our trigger timeframe (let's say M15)
2) It did not pass through our highest H1 open for current day (for short trades)
3) Four M15 candles has already passed and sell stop order has not been triggered yet
4) A new candle prints on the H1 chart and shows a new higher open (which then makes it the new highest H1 open for current day)
- Will this result into cancelling the pending sell stop order? Will this in turn minimize our area of interest, since the new highest open is now closer to the current daily high?
  • #10,598
  • Mar 6, 2017 7:00pm Mar 6, 2017 7:00pm
Quoting DavidApol
{quote} Alright sensei. But may I reiterate on my question that has confused me (when I set an order and a new highest/lowest open occurs I tend to cancel if it is outside the new area of interest. Below is the scenario that boggles me: What if: 1) Price opens within our area of interest on our trigger timeframe (let's say M15) 2) It did not pass through our highest H1 open for current day (for short trades) 3) Four M15 candles has already passed and sell stop order has not been triggered yet 4) A new candle prints on the H1 chart and shows a new...
Follow the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,600
  • Mar 6, 2017 8:24pm Mar 6, 2017 8:24pm
Quoting gelbear
Hidden
Did you enter on a green bar or red bar?
Red bar entry would have netted plus pips.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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