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Highest Open / Lowest Open Trade

  • #11,401
  • May 26, 2017 1:47pm May 26, 2017 1:47pm
Quoting gabesz65
{quote} I think I'm trading based on the HoLo strategy, but I'm not sure. Could you explain to me the difference between them, please....
See Post above: #11,382
  • #11,402
  • May 26, 2017 1:57pm May 26, 2017 1:57pm
Quoting bojack34
Trade Set up on NZD JPY ???? {image}
Your entry needs to be an m15 or m5 candle opening in the area I have marked with the yellow lines, between the new High and the newest higher open - the ''Zone of Interest''.

Drop to the m15 chart for entry.

There is no entry at the green hashed line if that's what that is.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedmoreinfoforHOLOentrycrop_LIdetail.jpg Size: 602 KB
  • #11,403
  • May 26, 2017 1:59pm May 26, 2017 1:59pm
I would also have said that that Area of Interest is really shallow and doesn't leave your trade room to breathe.

ALSO...why are you trading at this time of night on a Friday, lol?!
  • #11,404
  • May 26, 2017 2:00pm May 26, 2017 2:00pm
Quoting lemercenaire
{quote} Your entry needs to be an m15 or m5 candle opening in the area I have marked with the yellow lines, between the new High and the newest higher open - the ''Zone of Interest''. Drop to the m15 chart for entry. There is no entry at the green hashed line if that's what that is. {image}
Would this still qualify as a vaild 123 entry? Previous bar closed setting a new HH and current bar tested but did not set a new HH and is now reversing and crossing the OPEN of the Previous candle?
  • #11,405
  • May 26, 2017 2:01pm May 26, 2017 2:01pm
Quoting lemercenaire
I would also have said that that Area of Interest is really shallow and doesn't leave your trade room to breathe. ALSO...why are you trading at this time of night on a Friday, lol?!
Demo account and......IT'S PRACTICE!!! ..........and I'm HIGHLY MOTIVATED TO LEARN!
  • #11,406
  • May 26, 2017 2:05pm May 26, 2017 2:05pm
There seems to be a little level of confusion around with the newer guys. I think due in no small part to some excitement at finding something that actually works, lol.

I would suggest that some time spent over the weekend sitting down and reading and re-reading the base rules of HOLO would be time well spent. It's a long Bank-Holiday weekend here in the UK, so trading will be limited and potentially weird on Monday, so you even have an extra day of study.

Get HOLO down pat before you start trying to move back and forward between it and 1-2-3.

Take your time - the markets will be there for you when you're ready.
  • #11,407
  • May 26, 2017 2:06pm May 26, 2017 2:06pm
Quoting bojack34
{quote} Would this still qualify as a vaild 123 entry? Previous bar closed setting a new HH and current bar tested but did not set a new HH and is now reversing and crossing the OPEN of the Previous candle?
Yes, it's a 1-2-3 trade.
  • #11,408
  • May 26, 2017 2:08pm May 26, 2017 2:08pm
Quoting bojack34
{quote} Demo account and......IT'S PRACTICE!!! ..........and I'm HIGHLY MOTIVATED TO LEARN!
I get that - but if you're practicing in an unnatural environment then you will get skewed results. Practice when you would actually be trading - but hey, maybe you've found a niche that will work! Just bear it in mind.
  • #11,409
  • May 26, 2017 2:10pm May 26, 2017 2:10pm
Quoting lemercenaire
{quote} I get that - but if you're practicing in an unnatural environment then you will get skewed results. Practice when you would actually be trading - but hey, maybe you've found a niche that will work! Just bear it in mind.
You're right! I closed down my MT4 for now. I created my Holo / 123 template using the indicator. I will go into research and note taking mode now. Thanks for all your help!!!
  • #11,410
  • May 26, 2017 3:35pm May 26, 2017 3:35pm
Who is taking the 10 trade challenge the week of May 28, 2017?

During the challenge you are only to trade the same pair.
Beginners do not get to trade multiple pairs until they have mastered trading one single pair.
GREEN PIPS TO ALL.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,411
  • May 26, 2017 3:46pm May 26, 2017 3:46pm
I have a question on the HOL0 trade. After the area of interest has been formed price falls away. How long is this area good for? Let's say three hours later a m15 candle closes in the area of interest and then crosses the close. Is this ok to enter?
  • #11,412
  • May 26, 2017 6:23pm May 26, 2017 6:23pm
Quoting Southernkid
I have a question on the HOL0 trade. After the area of interest has been formed price falls away. How long is this area good for? Let's say three hours later a m15 candle closes in the area of interest and then crosses the close. Is this ok to enter?
Yes, it's still valid. There was a trade just like that posted above today.
  • #11,413
  • May 26, 2017 6:24pm May 26, 2017 6:24pm
571 pages! good lord. TooSlow hope all is well
  • #11,414
  • May 26, 2017 6:30pm May 26, 2017 6:30pm
Quoting wannalearn12
571 pages! good lord. TooSlow hope all is well
Were your ears burning?

Imagine how many pages we'd be at if you weren't off exploring the galaxy!
  • #11,415
  • May 26, 2017 6:35pm May 26, 2017 6:35pm
Quoting lemercenaire
{quote} Were your ears burning? Imagine how many pages we'd be at if you weren't off exploring the galaxy!
HAHAH! but I learned so much (it's like the boy grows up and moves out to college) lolol! Check your email.
  • #11,416
  • May 26, 2017 6:42pm May 26, 2017 6:42pm
Quoting wannalearn12
{quote} HAHAH! but I learned so much (it's like the boy grows up and moves out to college) lolol! Check your email.
Lol. No doubt, no doubt
  • #11,417
  • May 26, 2017 6:43pm May 26, 2017 6:43pm
Quoting wannalearn12
{quote} HAHAH! but I learned so much (it's like the boy grows up and moves out to college) lolol! Check your email.
No worries! There is a new class coming in! Class of 2018!
  • #11,418
  • May 26, 2017 7:28pm May 26, 2017 7:28pm
Quoting bojack34
{quote} No worries! There is a new class coming in! Class of 2018!
Oh I am still very much a student always will be.
  • #11,419
  • May 26, 2017 7:39pm May 26, 2017 7:39pm
Quoting wannalearn12
{quote} Oh I am still very much a student always will be.
I've actually followed your Journy a little bit in the other galaxy. I'll be able to travel one of these days.
  • #11,420
  • May 27, 2017 8:43am May 27, 2017 8:43am
Quoting lemercenaire
{quote} Yes, it's still valid. There was a trade just like that posted above today.

Thank you you for the answer.
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