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Highest Open / Lowest Open Trade

  • #10,721
  • Mar 14, 2017 6:04am Mar 14, 2017 6:04am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,722
  • Mar 14, 2017 6:13am Mar 14, 2017 6:13am
Quoting frisco
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.
You'll have seen me use the S&P and Oil markets for HOLO but just never really considered the Dow - no logical reason. Saw your post, Frisko and thought I'd keep one eye on it today. Lol...picked a good day to start .

This is, of course not exactly what you will be trading but the spread-betting charts from my UK-Based broker - but they're the same, just different!

Apologies for no heads-up on this, as it snuck up on me and was off before I knew it. I'll do better next time.

Here's how it looked after the dust settled anyway...

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Thanks again, Frisko!
  • #10,723
  • Mar 14, 2017 7:03am Mar 14, 2017 7:03am
10 Trade Challenge EURJPY

Trade #4 = BE + 1 (Watched this one after I had entered and moved stop to BE + 1 just before priced reached previous days low. Turned out to be a good move as price reversed and would have hit my SL had I waited to move it at +5)

Maybe its good to wait for price to clear previous days low/high by a decent amount before taking trades that have just broken previous days high/low?
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  • #10,724
  • Mar 14, 2017 7:39am Mar 14, 2017 7:39am
Quoting Trekker
10 Trade Challenge EURJPY Trade #4 = BE + 1 (Watched this one after I had entered and moved stop to BE + 1 just before priced reached previous days low. Turned out to be a good move as price reversed and would have hit my SL had I waited to move it at +5) Maybe its good to wait for price to clear previous days low/high by a decent amount before taking trades that have just broken previous days high/low? {image}
Yeah, it's always wise to have your head screwed on right when you are looking to take trades near extremes. That's why you should try and get used to looking around at the surroundings before pulling the trigger.
  • #10,725
  • Mar 14, 2017 9:05am Mar 14, 2017 9:05am
Just curious ... for those who have been faithfully using HOLO for a while, what kind if win rate/percentage have you experienced when you follow the rules?

"...when you follow the rules" is an important part of the statement. Keep that in mind with your response.

Thanks in advance.
  • #10,726
  • Mar 14, 2017 9:21am Mar 14, 2017 9:21am
Quoting Hambone
Just curious ... for those who have been faithfully using HOLO for a while, what kind if win rate/percentage have you experienced when you follow the rules? "...when you follow the rules" is an important part of the statement. Keep that in mind with your response. Thanks in advance.
Generally speaking we all follow the rules - for entry. TP is where most of the variables come into play, I'd say. Also there are so many different combinations of pairs to play through any given day, I'd find it impossible to find any two traders with the same results.

So, what I am saying is, it will do whatever you make it do. I'm not trying to be a smart-ass here, I just genuinely think it's an impossible question to answer unless we have all taken exactly the same trades. I am different from TS, we are both different from Hal - Pippy when he is around, ploughs his own unique furrow as well. We are all profitable.

Because of the way I structure my days and run multiple methods, I would find it virtually impossible to even separate out which trades were which, without a lot of legwork.

What I will say is this - would we still be here if it didn't work?

Once you find a handful of pairs that you work with again and again and get to know inside out, you will see how it can perform.
  • #10,727
  • Mar 14, 2017 9:54am Mar 14, 2017 9:54am
Quoting lemercenaire
{quote} What I will say is this - would we still be here if it didn't work? Once you find a handful of pairs that you work with again and again and get to know inside out, you will see how it can perform.
Thanks for your reply lemercenaire. I agree with your comments. Regarding your statement that "...we all are profitable and would you still be here if it didn't work"... I assumed as much by looking through the history of the discussions and seeing some some consistent names/posts. Not questioning the method at all ... and I am doing as you suggested and having success with the same. In time, I'll have enough data to be able to provide a response to others who might want to know.

I agree that we are all unique in how we trade. I run my trading like a business and treat each trading methodology as a "product" of sorts. Just like a business analyzes each product's "sales" and "profits", I do the same with my trading methods by analyzing "wins" and "profitability". It helps me allocate my money smartly .. which is why I am here ... learning from others who may be smarter than me.

At this point, I'm not concerned about the "profitable" part of the equation. I know that varies significantly based on how people take profit. I'm just curious as to what others have experienced on the win rate. A win is a win, regardless of how profitable it ultimately turns out to be. If you are 1 pip positive, then that's a win in my book. In general, are others winning at 85%, 80%, 50%, etc.? Most traders have a pretty good feel for what their win rate is so if anyone is willing to share their thoughts, please feel free.
  • #10,728
  • Mar 14, 2017 10:23am Mar 14, 2017 10:23am
Quoting Hambone
{quote} Thanks for your reply lemercenaire. I agree with your comments. Regarding your statement that "...we all are profitable and would you still be here if it didn't work"... I assumed as much by looking through the history of the discussions and seeing some some consistent names/posts. Not questioning the method at all ... and I am doing as you suggested and having success with the same. In time, I'll have enough data to be able to provide a response to others who might want to know. I agree that we are all unique in how we trade. I run my trading...
Yes, that's fair. I admit I read that as ''profitable'' when talking about ''success'' - no doubt says something about my psyche as a trader, or indeed a competitor in general.

I do like a bit of statistical analysis - a bit too much in past days (paralysis-through-analysis, which is why I tend to keep it ''looser'' these days) and I will try and do a breakdown of sorts into a percentage-based work-up for you and post either later tonight or tomorrow.
  • #10,729
  • Mar 14, 2017 1:50pm Mar 14, 2017 1:50pm
I'm new to this thread, but something I have kept in mind while reading through some things here. The "text book" trade has a 3:1 RR. A few years back I tbrew the text book out. The more important thing is the winning percentage, and moving the stop quickly as is done in HOLO will jack the winning percentage right up.

I'm in the middle of a platform change so trading HOLO myself is on hold till probably next week. Figuring on one pair. My trading time is limited so may take awhile to get in 10. I was one caught in the FXCM mess. The current platform I'm using is clunky. Next week there are supposed to be some improvements.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #10,730
  • Mar 14, 2017 1:57pm Mar 14, 2017 1:57pm
Quoting Rufus
I'm new to this thread, but something I have kept in mind while reading through some things here. The "text book" trade has a 3:1 RR. A few years back I tbrew the text book out. The more important thing is the winning percentage, and moving the stop quickly as is done in HOLO will jack the winning percentage right up. I'm in the middle of a platform change so trading HOLO myself is on hold till probably next week. Figuring on one pair. My trading time is limited so may take awhile to get in 10. I was one caught in the FXCM mess. The current platform...

Who did you end up going with Rufus?
The better looser you are the better winner you are
  • #10,731
  • Mar 14, 2017 2:12pm Mar 14, 2017 2:12pm
The bigest problem for wich i think you (we) can't find the answer that we are locking for is these: if you see the condition from pair to pair change time after time, some pair is ranging some pair is trending. My advice is: If you are in able to make the diference and to be consisten in aplaying method you will see results. Even if to many trades end up in break even +1 that saves you until you catch these move
*PATIENCE IS VIRTUE*
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  • #10,732
  • Mar 14, 2017 2:33pm Mar 14, 2017 2:33pm
All these candles marked was tradble in these pair today 11 trades in 1 pair imagine in every 1H candle per ech at last 2 valid opportunitys, i don't know what els someone look's for
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  • #10,733
  • Mar 14, 2017 2:59pm Mar 14, 2017 2:59pm
I am looking for a way to apply this in binary trading. Will be difficult, because of the fixed expiry time. If someone has an idea, pls share tnx. Maybe i have to switch to 'normal' trading....
  • #10,734
  • Mar 14, 2017 3:19pm Mar 14, 2017 3:19pm
Quoting USCGamecocks
{quote} Who did you end up going with Rufus?
The transfer went to Gain capital. Which is Forex.com. I have left it there and have been working with their own platform which is clunky. They have the option of MT4 but don't want it. It is a little difficult to use with multiple monitors. I will be setting up with 8 soon. I have been on the phone with them often concerning their fxtrader pro platform. From what I can tell there are some very good changes coming soon.

Hope that helps. Typing this on my phone without reading glasses.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #10,735
  • Mar 14, 2017 3:43pm Mar 14, 2017 3:43pm
Quoting Rufus
{quote} The transfer went to Gain capital. Which is Forex.com. I have left it there and have been working with their own platform which is clunky. They have the option of MT4 but don't want it. It is a little difficult to use with multiple monitors. I will be setting up with 8 soon. I have been on the phone with them often concerning their fxtrader pro platform. From what I can tell there are some very good changes coming soon. Hope that helps. Typing this on my phone without reading glasses. Rufus
Thanks Rufus. I let mine transfer to forex.com but couldn't deal with the poor platform so I withdrew all my money. I may take another look at them if what you say is true but right now I opened an account with Finpro.
The better looser you are the better winner you are
  • #10,736
  • Mar 14, 2017 3:48pm Mar 14, 2017 3:48pm
Quoting AceVenturaNL
I am looking for a way to apply this in binary trading. Will be difficult, because of the fixed expiry time. If someone has an idea, pls share tnx. Maybe i have to switch to 'normal' trading....
As you say, the fixed expiry time would be an issue. I don't really see HOLO being suited to binaries at all. Is there any reason why you can't trade fx in the ''usual'' way?
  • #10,737
  • Mar 14, 2017 4:14pm Mar 14, 2017 4:14pm
Quoting USCGamecocks
{quote} Thanks Rufus. I let mine transfer to forex.com but couldn't deal with the poor platform so I withdrew all my money. I may take another look at them if what you say is true but right now I opened an account with Finpro.
Yhey are working with tradervue. Sounds like will be able to trade from the other charts as well. Right now I chart on tradervue and place orders on the other. If things don't improve as much as I am expecting I will be moving as well. Maybe some minions front forex.com are reading this and will take quicker action
I miss FXCMS charting. It was top notch.

Sorry for all the space taken up on non HOLO stuff. Just trader struggles that shouldn't have to be dealt with.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #10,738
  • Mar 14, 2017 6:24pm Mar 14, 2017 6:24pm
Quoting mizi123
All these candles marked was tradble in these pair today 11 trades in 1 pair imagine in every 1H candle per ech at last 2 valid opportunitys, i don't know what els someone look's for {image}

Unfortunately, it's always easier to point out trades after they've happened. And the highs/lows that were blown through are not shown on a chart after it's history. Or we'd all be rich.
Follow the money --Mark Felt (Deepthroat)
  • #10,739
  • Mar 14, 2017 6:43pm Mar 14, 2017 6:43pm
Quoting longfellow
{quote} Unfortunately, it's always easier to point out trades after they've happened. And the highs/lows that were blown through are not shown on a chart after it's history. Or we'd all be rich.
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This shows the highs/lows of the day so you can see when the high was pushed up and the low was pushed down.
We do not point out trades after they have happened.
We alert when a trade may be possible.
Learn HOLO and you will understand.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,740
  • Mar 14, 2017 6:44pm Mar 14, 2017 6:44pm
Quoting longfellow
{quote} Unfortunately, it's always easier to point out trades after they've happened. And the highs/lows that were blown through are not shown on a chart after it's history. Or we'd all be rich.
Attached Image (click to enlarge)
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Here's a wider view so you can see better.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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