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Highest Open / Lowest Open Trade

  • #10,741
  • Mar 14, 2017 10:11pm Mar 14, 2017 10:11pm
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.
Hi TooSlow. I posted this earlier but a bit of activity has taken place since then which sometimes pushes things back. Since you are the originator of this thread and likely the most experience user in this forum of HOLO, I thought I would just ask you directly. Would you be willing to share your thoughts?

Thanks for considering.
  • #10,742
  • Mar 15, 2017 2:34am Mar 15, 2017 2:34am
Careful out there today - red as far as the eye can see.
  • #10,743
  • Mar 15, 2017 7:03am Mar 15, 2017 7:03am
Minus...
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  • #10,744
  • Mar 15, 2017 7:37am Mar 15, 2017 7:37am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,745
  • Mar 16, 2017 5:00am Mar 16, 2017 5:00am
Good morning ppl intresting setup
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  • #10,746
  • Mar 16, 2017 5:17am Mar 16, 2017 5:17am
Quoting mizi123
Good morning ppl intresting setup {image}
BE +5
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  • #10,747
  • Mar 16, 2017 7:38am Mar 16, 2017 7:38am
Quoting Hambone
{quote} Hi TooSlow. I posted this earlier but a bit of activity has taken place since then which sometimes pushes things back. Since you are the originator of this thread and likely the most experience user in this forum of HOLO, I thought I would just ask you directly. Would you be willing to share your thoughts? Thanks for considering.
Do not concern yourself with others.
Your attention needs to be on what is yours.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,748
  • Mar 16, 2017 7:57am Mar 16, 2017 7:57am
Many distractions during competition affect your ability to focus...

Opposing fans, rival teams, worrying about meeting others' expectations, and poor playing conditions are big distractions for athletes.

If you want to perform to your peak, you find a way to be able to cope well with distractions by being ready for them.

The toughest distractions to cope with are the ones you create for yourself...

Internal distractions are when you have negative thinking, doubts, focus on mistakes, etc. They start within your own mind, not from your surroundings.

They sometimes are about doubt, such as I wont do well because and then you might even make up false evidence in an attempt to give credence to your claims.

However, self-doubt is way more damaging than a distraction because you drain your own confidence...

Negative beliefs or doubts about future performances are self-fulfilling prophecies. And the only way to overcome these is by creating a different story about your ability to perform successfully.

Australian rules football midfielder, Hamish Hartlett, hit the nail on the head when he summed up the relationship between negative thoughts and performances.

HARTLETT: "Im trying to breathe more positivity around the [team]. Im my own harshest critic and have been for a long, long time. It comes the stage where you continue going down the same path, doing the same things and continue to get the same results which is inconsistent performances, not playing to the level you expect of yourself or others expect. Or you change, slightly and hope things change for the better. It seems to be working, so far."

The best way to "change things for the better" is to attack your doubts on two fronts.

First, change the story you tell yourself. When you have a doubt, recognize it as such. Awareness of your own faulty thinking is always the first step.

Second, challenge your doubts when they pop into your head and fact check those thoughts to determine if they are valid.

When you change your story, you save your confidence from taking a big hit.

How to Challenge Your Self-Doubt

1. Write down the top five doubts you've had before and during competition. Keep a log of these if you need to.

2. Challenge the validity of each doubt and fact check yourself: rationalize with your own doubt. How do you know these doubts are true?

3. Change each self-doubt into a statement of confidence. So change, "I just don't have it today," to, "You know how to grind it out and get the job done."

- Dr. Patrick J. Cohn
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,749
  • Mar 16, 2017 8:16am Mar 16, 2017 8:16am
Quoting mizi123
{quote} BE +5 {image}
Hi mizi. Good to see you working it!

I would say though, that unless I am mistaken, you have a wrong entry there. Not that the set-up is wrong (so long as you have gone down to the m5 for candle confirmation) but that the entry is late.

Here's what I mean:

Here's your chart...
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Here are my charts (levels are slightly different due to broker differences).

The big picture...
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On the m15 chart, you can see that there has been no candle opened in the Area-of-Interest...
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Dropping to the m5, would have given you your entry candle set-up. However, you have entered late. You should have entered at the marked level (the new lower open).
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Entry would have been at 1.07092 on my charts, 1.07087 on yours.

Hope this helps (and that I haven't gotten it completely wrong, lol).
  • #10,750
  • Mar 16, 2017 8:51am Mar 16, 2017 8:51am
Quoting lemercenaire
{quote} Hi mizi. Good to see you working it! I would say though, that unless I am mistaken, you have a wrong entry there. Not that the set-up is wrong (so long as you have gone down to the m5 for candle confirmation) but that the entry is late. Here's what I mean: Here's your chart... {image} Here are my charts (levels are slightly different due to broker differences). The big picture... {image} On the m15 chart, you can see that there has been no candle opened in the Area-of-Interest... {image} Dropping to the m5, would have given you your entry...
Yes bro you are right but im fighting with myself to do it as needed but i will succed im sure.... i like these method bro i must master it.
  • #10,751
  • Mar 16, 2017 9:12am Mar 16, 2017 9:12am
Quoting mizi123
{quote} Yes bro you are right but im fighting with myself to do it as needed but i will succed im sure.... i like these method bro i must master it.
I have no doubt of that .

When you see price move into the Area-of-Interest, you can quickly set up a Buy Stop Order at the level of the New Open and give it the go ahead if you see a new candle open. If that candle doesn't open, then cancel the order. (I do know that some brokers will only allow an order to be set up more than a certain distance away from the live price and in that case, yes, you have to trust your trigger-finger). I must admit that I mostly execute by market order.
  • #10,752
  • Mar 16, 2017 9:39am Mar 16, 2017 9:39am
BE+1. By the way, do we open a trade if there is a warning "H1 Low breakout? "
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  • #10,753
  • Mar 16, 2017 10:30am Mar 16, 2017 10:30am
I spend more of my time on the 1-2-3 trades as it takes a bit to focus on both, but I do look at HOLO trades and will take them. Every now and then someone over here will post wanting to know what win %, and profit is. And has been pointed out it really depends on the your individual trade management and whether you decided to pass on a trade as in a one way train move.

Today I thought I would run a simple test on how many trades come up on HOLO and how they do collectively.
My parameters were to watch trade set ups from 3:30a - 11:00a CDT. I monitored the EU, CA, JY, GJ, AU, CF, NZ, EJ, EG, AJ. CJ. I was looking to see how many made at least 5 pips or stopped out. Those that got to +5 were then tallied to how far they ran during the time frame. All trades were taken when they hit the qualified open, no other parameters applied.

There were 35 trades. 21 Long, 14 Short. 10 failed to make +5, for a loss of -64 pips. Subtracting the loss pips from the total pips attained over +5 on the successful trades, the net was +414. Just a one day sample, but not bad for potential pips against stop outs.
  • #10,754
  • Mar 16, 2017 11:37am Mar 16, 2017 11:37am
The Ultimate Guide to Achieving Anything

https://medium.com/personal-growth/t...ada#.1wg1pruxd
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,755
  • Mar 16, 2017 11:42am Mar 16, 2017 11:42am
Quoting hal7
There were 35 trades. 21 Long, 14 Short. 10 failed to make +5, for a loss of -64 pips. Subtracting the loss pips from the total pips attained over +5 on the successful trades, the net was +414. Just a one day sample, but not bad for potential pips against stop outs.
This is why HOLO can work for some traders - POTENTIAL!
When you have statistics on your side, you have an edge.
It is up to you, the trader, to exploit the edge to the best of your abilities.
You have analyzed HOLO properly, hal7.
Well done!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,756
  • Mar 16, 2017 11:50am Mar 16, 2017 11:50am
Quoting BroX
BE+1. By the way, do we open a trade if there is a warning "H1 Low breakout? " {image}
Ultimately, it us up to you...do you feel lucky? As that is what it will be, luck. I personally don't take them - I move over to look at any potential 1-2-3 instead. That in itself will then lead me back to HOLO once that has worked itself out (or not).

It's a warning - a heads-up. HOLO operates at its best in ranging markets, why would you want to try and fight a breakout? Go look elsewhere (I know if you are on the 10-Trade Challenge, you can't but I'm speaking about after that.)

You can take breakout candles - but eventually they will bite you on the ass.
  • #10,757
  • Mar 16, 2017 2:11pm Mar 16, 2017 2:11pm
O man #TooSlow these method in combination with semafor kill's it all day long you can imagine.... im feeling shocked
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  • #10,758
  • Mar 16, 2017 3:44pm Mar 16, 2017 3:44pm
Quoting mizi123
O man #TooSlow these method in combination with semafor kill's it all day long you can imagine.... im feeling shocked {image}
Shocked?
Yes, I can imagine.
Makes me feel sorry for all those traders who are lost in the WIGGLY LINE JUNGLE.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,759
  • Mar 16, 2017 4:53pm Mar 16, 2017 4:53pm
Quoting TooSlow
{quote} Do not concern yourself with others. Your attention needs to be on what is yours.
This is pretty much a mechanical system, why complicate it with some phycological expression the thread has more than 500 pages and there is no evidence, statement of what is the win %?? Come guys dont lie yourself be realistic, tooslow if you really using the system and are following the rules tha you create why always using those phycology answer to a simple question? What the point f this thread if there is no evidence. Dont over complicate thing keep it simple.
Ariel
  • #10,760
  • Mar 16, 2017 4:59pm Mar 16, 2017 4:59pm
Quoting mizi123
O man #TooSlow these method in combination with semafor kill's it all day long you can imagine.... im feeling shocked {image}
Again you enter late on that trade, question are u new in forex, just because u have 1 good win doesnt mean anything. Is not how much u make in 1 trade is how long you can stay trading and the winning % of the strategy u are using.
Ariel
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