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Highest Open / Lowest Open Trade

  • #11,361
  • May 25, 2017 11:57am May 25, 2017 11:57am
Quoting gabesz65
My next trade, maybe the last for today, the position is already protected, my target is 20 pip, we will see :-) {image}

Nice trades, do you think targets work better than the 5 pip trailing?
  • #11,362
  • May 25, 2017 1:46pm May 25, 2017 1:46pm
Quoting Abade
{quote} Nice trades, do you think targets work better than the 5 pip trailing?

Yes, Abade, for me this way is working much more better, than trailing.
  • #11,363
  • May 25, 2017 4:20pm May 25, 2017 4:20pm
Good to see you new guys here and like a duck to water in gabesz65's case for sure! Stick with it, Abade - you got the first one out of the way
  • #11,364
  • May 26, 2017 12:43am May 26, 2017 12:43am
I see on Post #7 that this strategy was originally supposed to be traded for only 4 hours ( 8am est - 12noon est). Is this still the rule?
  • #11,365
  • May 26, 2017 1:33am May 26, 2017 1:33am
Quoting bojack34
I see on Post #7 that this strategy was originally supposed to be traded for only 4 hours ( 8am est - 12noon est). Is this still the rule?
08:00 - noon est would be 13:00 - 15:00 uk, so as I will look for trades from 08:00 - around 15:00 uk time I'd say no. I would say that those hours originally listed were because TS is in the US and simply covered his open in US to UK close - (ish).

It's only common sense, you don't want to be trading when the main markets are closed.
  • #11,366
  • May 26, 2017 2:01am May 26, 2017 2:01am
Quoting lemercenaire
{quote} 08:00 - noon est would be 13:00 - 15:00 uk, so as I will look for trades from 08:00 - around 15:00 uk time I'd say no. I would say that those hours originally listed were because TS is in the US and simply covered his open in US to UK close - (ish). It's only common sense, you don't want to be trading when the main markets are closed.
I thought something was weird there...LOL. I wondered why not trade ALL of London and at least NY until they go to LUNCH!!
  • #11,367
  • May 26, 2017 2:05am May 26, 2017 2:05am
Quoting lemercenaire
Good to see you new guys here and like a duck to water in gabesz65's case for sure! Stick with it, Abade - you got the first one out of the way

Thanks Lemerce, I wish successful pip hunting :-)
  • #11,368
  • May 26, 2017 2:20am May 26, 2017 2:20am
Does this set up look ok to get started with this strategy? I love the simplicity of this strategy and the cleanliness of the charts!
Attached Image (click to enlarge)
Click to Enlarge Name: 4.png Size: 115 KB
  • #11,369
  • May 26, 2017 2:31am May 26, 2017 2:31am
Quoting bojack34
{quote} I thought something was weird there...LOL. I wondered why not trade ALL of London and at least NY until they go to LUNCH!!
Lol. TBH, I have to say I have either never actually read that about those hours or simply forgotten about them, because I don't remember it at all, lol.
  • #11,370
  • May 26, 2017 2:34am May 26, 2017 2:34am
Quoting lemercenaire
{quote} Lol. TBH, I have to say I have either never actually read that about those hours or simply forgotten about them, because I don't remember it at all, lol.
Post #7. Sorry I'm just trying to "play by the rules"
  • #11,371
  • May 26, 2017 2:35am May 26, 2017 2:35am
Quoting bojack34
Does this set up look ok to get started with this strategy? I love the simplicity of this strategy and the cleanliness of the charts!{image}

Hello Bojack, I don't see nowhere your buy stop line in the picture.
Could you change color or something please....
  • #11,372
  • May 26, 2017 2:36am May 26, 2017 2:36am
Quoting bojack34
Does this set up look ok to get started with this strategy? I love the simplicity of this strategy and the cleanliness of the charts!{image}
Looks ok. Only thing to consider is that you are playing at the outer extreme of the day's move down, though looking left, you can see that you may be at an area of resistance.

I'd get rid of the currency power meter though. Waste of time (unless you like getting in on trades a day late and a dollar short).
  • #11,373
  • May 26, 2017 2:37am May 26, 2017 2:37am
Quoting bojack34
{quote} Post #7. Sorry I'm just trying to "play by the rules"
It's all good. Just go by the basic rules of any method - trade when the markets have volume and liquidity. You'll be good.
  • #11,374
  • May 26, 2017 2:40am May 26, 2017 2:40am
Quoting gabesz65
{quote} Hello Bojack, I don't see nowhere your buy stop line in the picture. Could you change color or something please....
I'm sorry there was NO trade in this screen shot. I was merely asking if this "set up" was ok. Sorry for the confusion. Thanks for such a quick reply! I really like this strategy so far. Simple yet Effective!
  • #11,375
  • May 26, 2017 2:42am May 26, 2017 2:42am
Quoting lemercenaire
{quote} Looks ok. Only thing to consider is that you are playing at the outer extreme of the day's move down, though looking left, you can see that you may be at an area of resistance. I'd get rid of the currency power meter though. Waste of time (unless you like getting in on trades a day late and a dollar short).
I will ditch the currency meter and ALWAYS keep in mind the S/R lines and always "look left" LOL. As you can tell I'm new to trading. Thanks for all the help! Any additional advice is appreciated. I have started reading the thread and have a couple pages of notes already. The strategy is SO simple that there is limited notes to be taken...LOL.
  • #11,376
  • May 26, 2017 3:00am May 26, 2017 3:00am
Ok here is my new "set up".....any better?

Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 114 KB
  • #11,377
  • May 26, 2017 3:02am May 26, 2017 3:02am
Quoting bojack34
{quote} I will ditch the currency meter and ALWAYS keep in mind the S/R lines and always "look left" LOL. As you can tell I'm new to trading. Thanks for all the help! Any additional advice is appreciated. I have started reading the thread and have a couple pages of notes already. The strategy is SO simple that there is limited notes to be taken...LOL.
Glad to have you here. Take your time and read through the thread and especially the earlier notes attached by MichaelG. They really break the mechanics down well.

Then it's just a case of doing it.

The way we tend to do things here is post up potential set-ups as and when we see them and then it's up to each individual trader to do their own legwork and take responsibility for their own work. Go through your check-list and make your own decisions. It's a much more satisfying way to learn, honestly.

We don't require anyone post their actual trades - that means nothing and can be extremely distracting to the trader, especially if they are learning. Post up a chart afterwards if you can and if you are looking for any advice or information (that hasn't already been covered a million times earlier in the thread ) then we'll pitch in for you.

I admit to have been slacking a bit re HOLO recently, focusing on other things, however I am planning on making more of an effort to post here moving forward.

Have fun!
  • #11,378
  • Edited 3:25am May 26, 2017 3:06am | Edited 3:25am
Quoting lemercenaire
{quote} Glad to have you here. Take your time and read through the thread and especially the earlier notes attached by MichaelG. They really break the mechanics down well. Then it's just a case of doing it. The way we tend to do things here is post up potential set-ups as and when we see them and then it's up to each individual trader to do their own legwork and take responsibility for their own work. Go through your check-list and make your own decisions. It's a much more satisfying way to learn, honestly. We don't require anyone post their actual...
Awesome! Thanks for being so helpful! So far I have watched all the "Alien Technology" Holo video's I could on youtube and I have read a good number of pages on this thread. I have a couple pages worth of notes and I think I fully understand the "basics". I will try to contribute to the thread with potential setups once I learn more about when to "avoid" certain trades.......breakouts, time of day...etc.
  • #11,379
  • May 26, 2017 3:11am May 26, 2017 3:11am
Quoting bojack34
Ok here is my new "set up".....any better? {image}
Are you deliberately choosing not to show the newest H1 Low / High open?

Attached Image (click to enlarge)
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It's has pretty good-looking set-up potential as well, for sure. Nice catch.
  • #11,380
  • May 26, 2017 3:13am May 26, 2017 3:13am
Quoting bojack34
{quote} Awesome! Thanks for being so helpful! So far I have watched all the TRO Holo video's I could on youtube and I have read a good number of pages on this thread. I have a couple pages worth of notes and I think I fully understand the "basics". I will try to contribute to the thread with potential setups once I learn more about when to "avoid" certain trades.......breakouts, time of day...etc.
Grand. The more you do, the more you will get a feel for the kind of set-ups that work time-after-time.
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