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Highest Open / Lowest Open Trade

  • #10,701
  • Mar 13, 2017 7:20am Mar 13, 2017 7:20am
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  • #10,702
  • Mar 13, 2017 8:16am Mar 13, 2017 8:16am
10 Trade Challenge EURJPY

Trade #1 = +7.4 pips
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  • #10,703
  • Mar 13, 2017 10:14am Mar 13, 2017 10:14am
GJ: Took a -7 hit on the first bite but the 2nd move has me pretty much covered.
  • #10,704
  • Mar 13, 2017 10:16am Mar 13, 2017 10:16am
Hello guys, I have taken 6 trades and 5 of them closed at +1 pip profit. and 1 was in loss. And still I have minus because stop loss is much larger than potential profit. How do you guys handle it?
  • #10,705
  • Mar 13, 2017 10:45am Mar 13, 2017 10:45am
Quoting BroX
Hello guys, I have taken 6 trades and 5 of them closed at +1 pip profit. and 1 was in loss. And still I have minus because stop loss is much larger than potential profit. How do you guys handle it?
It's one of the aspects that most traders new to HOLO find the hardest to handle for sure. This is why those of us who have traded it longest have pretty much moved to closing a proportion of your trade at, for instance, BE+5 and letting the rest run. You will also begin to find that some pairs do operate more consistently than others as well, so instead of scanning for every possible set up, you will stick to one, two, maybe three pairs you know inside out.

You will also see that we move between HOLO and 1-2-3 as the set-up warrants it.

All of this is not to take away from HOLO and especially not to say that those taking the 10-Trade Challenge should do this - you shouldn't, it's simply an indication of how you can / will progress as you get more and more into it.

In the meantime, be brutal with those stops. Don't begin to be tempted to let them run more ''just in case''. Trust the method - it'll get you there.

(I would also really suggest that you find the post that mentioned how three pairs brought in >90% of the profit and see if there is anything of use to you there).

Stick with it - we've all been there!
  • #10,706
  • Mar 13, 2017 11:34am Mar 13, 2017 11:34am
Quoting BroX
Hello guys, I have taken 6 trades and 5 of them closed at +1 pip profit. and 1 was in loss. And still I have minus because stop loss is much larger than potential profit. How do you guys handle it?
# lemercenaire (I would also really suggest that you find the post that mentioned how three pairs brought in >90% of the profit and see if there is anything of use to you there).

See posts 9895 and 9896

Cheers
Don't limit yourself!!
  • #10,707
  • Mar 13, 2017 11:43am Mar 13, 2017 11:43am
Quoting mosiskv
{quote} # lemercenaire (I would also really suggest that you find the post that mentioned how three pairs brought in >90% of the profit and see if there is anything of use to you there). See posts 9895 and 9896 Cheers
Cheers for that, mosiskv.
  • #10,708
  • Mar 13, 2017 1:12pm Mar 13, 2017 1:12pm
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  • #10,709
  • Edited 10:08pm Mar 13, 2017 7:17pm | Edited 10:08pm
Dow, Four trades, 20,12,10,11,30 pts. I use a two minute chart to exit whoops. five trades two were re-entries into the initial set up when the market pulled back and I took profit. Both re-entries successful.
  • #10,710
  • Mar 13, 2017 7:35pm Mar 13, 2017 7:35pm
The Practice of One Thing at a Time

Posted: 13 Mar 2017 10:01 AM PDT
By Leo Babauta

Theres a Japanese term, ichigyo-zammai, that basically means full concentration on a single act.
Sunryu Suzuki described this practice in his book, Zen Mind, Beginners Mind, and said this practice of being fully in the moment with the activity is enlightened activity.
So instead of having some object of worship, we just concentrate on the activity which we do in each moment, Suzuki Roshi wrote. When you bow, you should just bow; when you sit, you should just sit; when you eat, you should just eat.
He said when we just do that one activity, we express our true nature.
What a beautiful idea, that when we arent present, our true nature cannot fully express itself but when we are truly just doing whatever were doing, we start to express our true selves.
But its easier said than done. How often are we not in the moment?
Think about times when we are:

  1. Jumping between tasks in a browser
  2. Checking our phones while doing other things throughout the day
  3. In a rush to do the next thing while still doing the current thing
  4. Thinking about other things when someone is talking to us
  5. Irritated by someone when they interrupt whatever were doing
  6. Taking whatever were doing for granted, because its dull or routine

It turns out, we are very rarely fully in the moment with any single activity. How can we try this enlightened activity of full concentration on one act?
How to Do One Thing at a Time
These are as much reminders to myself as they are reminders for you, but heres what Ive been practicing with:

  1. When you start an activity, turn to it with your full attention and set an intention to be present with the act, to do nothing but this activity. You might think, Just walk or Just read or Just drink tea.
  2. You might open up a wide-open, sky-like panoramic awareness as you do the activity, being fully engaged with the entire moment.
  3. When you notice yourself thinking about something else, or getting your attention pulled elsewhere, or starting down a pattern of judgment, resentment, etc. just notice. Then return to being fully present with the activity.
  4. Empty your mind of preconceived ideas about the activity, and just be curious about what the activity is actually like, right now, as it unfolds. Allow yourself to be surprised.
  5. Treat every object with reverence, as if it were your own eyesight.
  6. See the brilliance of each moment, of each activity, that underlies everything around us.

Just write. Just shower. Just give someone your full attention.
As we give each activity our full loving attention, we start to appreciate each person, each object, everything around us as something worthy of respect, love, and gratitude.
We start to take life up on the opportunity to fully engage with it, with a smile and a bow.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,711
  • Mar 13, 2017 8:16pm Mar 13, 2017 8:16pm
Very simple and effective system here I will be looking at. I know Too Slow likes Bruce Lee quotes. This may also be buried in the midst of the thread as well. But in light of trading and traders having a tendency to over complicate things, "Be water"

“Be like water making its way through cracks. Do not be assertive, but adjust to the object, and you shall find a way around or through it. If nothing within you stays rigid, outward things will disclose themselves.

Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot, it becomes the teapot. Now, water can flow or it can crash. Be water, my friend.”

Bruce Lee
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #10,712
  • Mar 13, 2017 11:06pm Mar 13, 2017 11:06pm
we don't go in here for lyrical philosophy that one is better to introduce another OTHERS ideas. here, I dare to remind, other life proceeds. and it is necessary to leave beautiful phrases for girls or not to sound them at all.
  • #10,713
  • Mar 13, 2017 11:31pm Mar 13, 2017 11:31pm
Quoting Rufus
Very simple and effective system here I will be looking at. I know Too Slow likes Bruce Lee quotes. This may also be buried in the midst of the thread as well. But in light of trading and traders having a tendency to over complicate things, "Be water" Be like water making its way through cracks. Do not be assertive, but adjust to the object, and you shall find a way around or through it. If nothing within you stays rigid, outward things will disclose themselves. Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it...
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,714
  • Mar 13, 2017 11:32pm Mar 13, 2017 11:32pm
Quoting Ulsemioxa
we don't go in here for lyrical philosophy that one is better to introduce another OTHERS ideas. here, I dare to remind, other life proceeds. and it is necessary to leave beautiful phrases for girls or not to sound them at all.
You may not be in the right place.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,715
  • Mar 14, 2017 12:26am Mar 14, 2017 12:26am
whether you are going to impose sanctions? it is fashionable now. as well as to retell others thoughts... I am just in the right place. also I think that to point to an exit, it is not the best way to communicate.
  • #10,716
  • Edited 3:31am Mar 14, 2017 2:27am | Edited 3:31am
Quoting TooSlow
The Practice of One Thing at a Time Posted: 13 Mar 2017 10:01 AM PDT By Leo Babauta Theres a Japanese term, ichigyo-zammai, that basically means full concentration on a single act. Sunryu Suzuki described this practice in his book, Zen Mind, Beginners Mind, and said this practice of being fully in the moment with the activity is enlightened activity. So instead of having some object of worship, we just concentrate on the activity...
appreciate
  • #10,717
  • Mar 14, 2017 3:25am Mar 14, 2017 3:25am
10 Trade Challenge EURJPY

Trade #2 = BE + 1

Wasn't sure whether to take this trade or not as price barely opened in the zone, but it did meet all the rules, so I took the trade.

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  • #10,718
  • Mar 14, 2017 3:54am Mar 14, 2017 3:54am
Quoting Trekker
10 Trade Challenge EURJPY Trade #2 = BE + 1 Wasn't sure whether to take this trade or not as price barely opened in the zone, but it did meet all the rules, so I took the trade. {image}
That decision shows you are becoming the trader you want to be. No double-think. Well done.
  • #10,719
  • Mar 14, 2017 4:39am Mar 14, 2017 4:39am
ir
Ur thread is v.interesting....I tried and could not understand ..if you have any vedio on this pls post
  • #10,720
  • Mar 14, 2017 4:59am Mar 14, 2017 4:59am
Quoting lemercenaire
{quote} That decision shows you are becoming the trader you want to be. No double-think. Well done.
Cheers lemercenaire

10 Trade Challenge EURJPY

Trade #3 = BE + 1 (entered on M5 this time, however, M15 would have given the same result)
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