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Highest Open / Lowest Open Trade

  • #11,181
  • Apr 5, 2017 8:42am Apr 5, 2017 8:42am
Quoting samsha786
{quote} Today has been a good day for me. Have another running now on EURGBP, which also seems to be going my way.
Awesome I've only been on the charts for the last hour or so. So I am still waiting for an opportunity. A few trending pairs at the moment so probably will wait for a 123 on those.
  • #11,182
  • Apr 5, 2017 8:54am Apr 5, 2017 8:54am
Quoting lemercenaire
In a breakout just now and a candidate for a 1-2-3 but still worth watching for later... {image}
A little unlucky not to get an original early entry - salved by the fact that I grabbed it as a 1-2-3 instead.

By the time we got a candle opening in the Area of Interest, it formed a new H1 Higher Open. Ce'st la vie. It's still an interesting shape to the chart that could provide opportunities later if anyone's willing to hang around.

There is red news for the Greenback, so caution advised.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1asHOLOabitunluckybutinto1-2-3April5th17maybelater.png Size: 34 KB
  • #11,183
  • Apr 5, 2017 8:57am Apr 5, 2017 8:57am
Quoting Hazza88
Hi lemercenaire, are you trading this with fixed lot sizes of a fixed percentage? cheers
Hi Hazza. As I am trading multiple methods across the day, I allocate each one with a percentage of total bank. However in those mini-banks, I have a rough idea how much of a percentage overall I will make available. However, to keep it as simple an answer as I can outside of that, I use fixed lot sizes.
  • #11,184
  • Apr 5, 2017 9:09am Apr 5, 2017 9:09am
Another observation:
HOLO performs better when market conditions are less volatile - at least for me. When it's less volatile, they seem to obey the rules and when it is volatile, lots of break outs.
  • #11,185
  • Apr 5, 2017 9:13am Apr 5, 2017 9:13am
Quoting Hazza88
Lost 9.5 pips on the current bar {image} Entry on the last green candle, 5 candles back {image}
Sorry, I am not entirely sure I see your entry, however, using my own chart, I think I have an idea of what you would have been looking at.

Working from left-to-right obviously, there would have been an entry short in the yellow square area very early on but there would have been next-to-no range at this time.

You could have argued for an entry at the first roughly marked level but I would have said that the range was still too narrow, plus you'd be trying to trade a pair from markets that weren't open.

I would say that the only area of entries of any worth would have come around the 2nd marked level.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURUSDH1egforentries5thApril17_LI.jpg Size: 295 KB


You would have then looked to go short from anywhere after the long-range-candle.
  • #11,186
  • Apr 5, 2017 9:16am Apr 5, 2017 9:16am
Quoting samsha786
Another observation: HOLO performs better when market conditions are less volatile - at least for me. When it's less volatile, they seem to obey the rules and when it is volatile, lots of break outs.
HOLO thrives in ranging markets.
  • #11,187
  • Apr 5, 2017 9:19am Apr 5, 2017 9:19am
Quoting lemercenaire
{quote} HOLO thrives in ranging markets.
Do you think using ATR as filter would help in keeping out of a potentially bad trade?
  • #11,188
  • Apr 5, 2017 9:27am Apr 5, 2017 9:27am
Quoting samsha786
{quote} Do you think using ATR as filter would help in keeping out of a potentially bad trade?
No.

This method has been around since god was a boy. If ATR had any positive effect on results, we'd be using it.
  • #11,189
  • Apr 5, 2017 9:27am Apr 5, 2017 9:27am
Quoting samsha786
{quote} Do you think using ATR as filter would help in keeping out of a potentially bad trade?

I haven't posted much here but getting a good understanding of the system.

To me the beauty of HOLO is its simplicity. If you start adding things simplicity becomes obscured. That's not to say maybe it would help with your understanding of the market structure as a whole. I look at bigger picture stuff before trading a HOLO set up. But when it comes down to placing an order the simplicity is what I thrive on.

Hope that makes sense.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #11,190
  • Apr 5, 2017 9:30am Apr 5, 2017 9:30am
Quoting Rufus
{quote} I haven't posted much here but getting a good understanding of the system. To me the beauty of HOLO is its simplicity. If you start adding things simplicity becomes obscured. That's not to say maybe it would help with your understanding of the market structure as a whole. I look at bigger picture stuff before trading a HOLO set up. But when it comes down to placing an order the simplicity is what I thrive on. Hope that makes sense.
That's exactly right. The only thing I would consider is to take a step back and look at your surroundings, so as you say, H4 and even Daily PA and I have used pivots in the past along with that.

Nothing else is needed.

The absolute last thing a trader needs is to be overcome with paralysis-through-analysis.
  • #11,191
  • Apr 5, 2017 9:32am Apr 5, 2017 9:32am
Some reading material on that subject:

https://blog.todoist.com/2015/07/08/...-productivity/
  • #11,192
  • Apr 5, 2017 9:36am Apr 5, 2017 9:36am
"No man can fight his way to the top and stay at the top without exercising the fullest measure of grit, courage, determination, resolution. Every man who gets anywhere does so because he has firmly resolved to progress in the world and then has enough stick-to-it-tiveness to transform his resolution into reality..."

B.C. Forbes

There comes a time where it is just "Go for It" Analysis will become Anal......Asses.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #11,193
  • Apr 5, 2017 9:40am Apr 5, 2017 9:40am
Quoting Rufus
"No man can fight his way to the top and stay at the top without exercising the fullest measure of grit, courage, determination, resolution. Every man who gets anywhere does so because he has firmly resolved to progress in the world and then has enough stick-to-it-tiveness to transform his resolution into reality..." B.C. Forbes There comes a time where it is just "Go for It" Analysis will become Anal......Asses.
''stick-to-it-tiveness''

I'm stealing that!
  • #11,194
  • Apr 5, 2017 9:50am Apr 5, 2017 9:50am
Quoting lemercenaire
Some reading material on that subject: https://blog.todoist.com/2015/07/08/...-productivity/
Good article.
Thanks Mate.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,195
  • Apr 5, 2017 1:16pm Apr 5, 2017 1:16pm
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,196
  • Apr 5, 2017 1:23pm Apr 5, 2017 1:23pm
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,197
  • Edited 4:44am Apr 6, 2017 4:29am | Edited 4:44am
Really enjoying this system on a 15M chart. Yesterday, US Market Open wiped out my gains for the day, so today I will pause before US Market Open and resume trading an hour after that. Also, all my losses yesterday were on JPY pairs. The system performs better on less volatile pairs - in my limited experience. Anyone care to share what their most successful instruments are on this system?
  • #11,198
  • Apr 6, 2017 4:58am Apr 6, 2017 4:58am
Quoting samsha786
Really enjoying this system on a 15M chart. Yesterday, US Market Open wiped out my gains for the day, so today I will pause before US Market Open and resume trading an hour after that. Also, all my losses yesterday were on JPY pairs. The system performs better on less volatile pairs - in my limited experience. Anyone care to share what their most successful instruments are on this system?
Remember US unemployment out at 13.30 uk time...
  • #11,199
  • Apr 6, 2017 5:12am Apr 6, 2017 5:12am
Quoting lemercenaire
{quote} Remember US unemployment out at 13.30 uk time...
Thanks for the heads up!
  • #11,200
  • Apr 6, 2017 5:49am Apr 6, 2017 5:49am
Attached Image (click to enlarge)
Click to Enlarge Name: 4617 holo gj.png Size: 21 KB

Post most of my trades over on 123. But today I thought I would venture over here and post a HOLO trade. I decided to focus on the GJ. Took a +5 profit on the first hit, then got stopped. Second time around got in a netted +23.
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