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Highest Open / Lowest Open Trade

  • #11,461
  • Jun 1, 2017 10:57am Jun 1, 2017 10:57am
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AFTER
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,462
  • Jun 1, 2017 2:50pm Jun 1, 2017 2:50pm
Quoting bojack34
1,2,3 ....... {image}
HOLO?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,463
  • Jun 1, 2017 2:53pm Jun 1, 2017 2:53pm
Quoting TooSlow
{quote} HOLO?
1,2,3......I thought Set New Daily Low, next candle fails to make a New Daily Low and reverses, Buy when price rises Above Open price...........This was my thought process at least.
  • #11,464
  • Jun 1, 2017 3:45pm Jun 1, 2017 3:45pm
Waiting... Trade #8 (this will be a good one)

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  • #11,465
  • Jun 1, 2017 3:53pm Jun 1, 2017 3:53pm
Quoting bojack34
{quote} 1,2,3......I thought Set New Daily Low, next candle fails to make a New Daily Low and reverses, Buy when price rises Above Open price...........This was my thought process at least.
Put 1-2-3 in 1-2-3 thread unless using it to illustrate a point relevant to HOLO, please.
  • #11,466
  • Jun 1, 2017 3:56pm Jun 1, 2017 3:56pm
Quoting Abade
Waiting... Trade #8 (this will be a good one) {image}
SO......you're entering at the H1 Higher Open line on the reversal ....rather than the "open" of the candle that "entered" the zone ????
"
  • #11,467
  • Jun 1, 2017 4:09pm Jun 1, 2017 4:09pm
Quoting lemercenaire
{quote} Put 1-2-3 in 1-2-3 thread unless using it to illustrate a point relevant to HOLO, please.
I"M SORRY......Honest Mistake!!!
  • #11,468
  • Jun 1, 2017 4:36pm Jun 1, 2017 4:36pm
Quoting bojack34
{quote} SO......you're entering at the H1 Higher Open line on the reversal ....rather than the "open" of the candle that "entered" the zone ???? "
Well, that's how it is traded (unless i am wrong) . Use the HoLo indicator provided, it helps a lot. If you want i can send you the tool i use for trailing (as the rules command).
  • #11,469
  • Jun 1, 2017 5:37pm Jun 1, 2017 5:37pm
Quoting bojack34
{quote} SO......you're entering at the H1 Higher Open line on the reversal ....rather than the "open" of the candle that "entered" the zone ???? "
Abade is right. Entry is as marked. Be careful jumping back and forward between HOLO and 1-2-3, it's easy to get confused, especially in the heat of battle!

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  • #11,470
  • Jun 1, 2017 5:40pm Jun 1, 2017 5:40pm
Quoting lemercenaire
{quote} Abade is right. Entry is as marked. Be careful jumping back and forward between HOLO and 1-2-3, it's easy to get confused, especially in the heat of battle! {image}
I got it now. I went back over my notes and it's written down correctly....since i copied it straight from the page......but I just interpreted it the wrong way. I TOTALLY understand the difference now. One uses the Previous Candle Open and the other uses the H1 Highest/Lowest Open Line. Thank you very much for the clerification.
  • #11,471
  • Jun 1, 2017 6:08pm Jun 1, 2017 6:08pm
Quoting bojack34
{quote} I got it now. I went back over my notes and it's written down correctly....since i copied it straight from the page......but I just interpreted it the wrong way. I TOTALLY understand the difference now. One uses the Previous Candle Open and the other uses the H1 Highest/Lowest Open Line. Thank you very much for the clerification.
No. 1-2-3 uses current candle open.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,472
  • Jun 1, 2017 6:17pm Jun 1, 2017 6:17pm
Quoting TooSlow
{quote} No. 1-2-3 uses current candle open.
Ok so when price "reverses" and goes beyond the Current Candle's "Open" price......that is when we Enter....TYVM!! Notes Taken!!
  • #11,473
  • Jun 1, 2017 6:34pm Jun 1, 2017 6:34pm
Trade #8 completed, +5 pips . Will see if i can complete the challenge before friday!

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Doing well so far, but it is hard to resist NOT entering suspicious looking setups, specially when the SL's seem to be hunted.
  • #11,474
  • Jun 2, 2017 5:37am Jun 2, 2017 5:37am
Need to be cautious of the 500 (and the 30) the closer it gets to the US Open but here's one sitting up and begging just now...

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  • #11,475
  • Jun 2, 2017 8:19am Jun 2, 2017 8:19am
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  • #11,476
  • Jun 2, 2017 8:26am Jun 2, 2017 8:26am
Quoting bojack34
{quote} Ok so when price "reverses" and goes beyond the Current Candle's "Open" price......that is when we Enter....TYVM!! Notes Taken!!
NO!!
PLEASE READ THE ENTRY RULES.
The rules are posted on each one of my charts and in Post #1

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,477
  • Jun 2, 2017 8:49am Jun 2, 2017 8:49am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,478
  • Jun 3, 2017 2:20pm Jun 3, 2017 2:20pm
Trade #9 Tried to take a short early, but got sweeped away for a 2 pip loss (thursday)

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Later i went long (trade #10), but didn't take a screenshot as i went partying, it was a nice win for +20 pips.

I am doing the challenge again next week as i was not using the tools for the first trades.
  • #11,479
  • Jun 3, 2017 5:57pm Jun 3, 2017 5:57pm
Quoting Abade
Trade #9 Tried to take a short early, but got sweeped away for a 2 pip loss (thursday) {image} Later i went long (trade #10), but didn't take a screenshot as i went partying, it was a nice win for +20 pips. I am doing the challenge again next week as i was not using the tools for the first trades.
Hi Abade, what tools are you talking about?

Cheers
  • #11,480
  • Jun 3, 2017 6:29pm Jun 3, 2017 6:29pm
Quoting keen246
{quote} Hi Abade, what tools are you talking about? Cheers

Hi, i am talking about the HoLo indicator (the one that plots the lines and HoLo zone), i was using manual lines and starting the day on London Open (instead of 00:00). . You can find it on the post attachements (look for the paper clip on the top right).
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