Highest Open / Lowest Open Trade | Page 575 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

Highest & Lowest Open/Close Price for a Loop 3 replies

I need to highest and lowest SMA 14 replies

how to get yesterday price highest and lowest 7 replies

highest to lowest volume pairs??? 3 replies

Attachments: Highest Open / Lowest Open Trade
Exit Attachments

Highest Open / Lowest Open Trade

  • #11,481
  • Jun 4, 2017 10:31am Jun 4, 2017 10:31am
Who is taking the 10 trade challenge the week of JUNE 4, 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
  • #11,482
  • Jun 4, 2017 2:20pm Jun 4, 2017 2:20pm
Quoting TooSlow
Who is taking the 10 trade challenge the week of JUNE 4, 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!
Me!
  • #11,483
  • Jun 5, 2017 1:45pm Jun 5, 2017 1:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 58 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,484
  • Jun 6, 2017 12:18am Jun 6, 2017 12:18am
Eurusd. The first entry.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 49 KB
  • #11,485
  • Jun 6, 2017 12:19am Jun 6, 2017 12:19am
Eurusd. The second entry.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 2.png Size: 49 KB
  • #11,486
  • Jun 6, 2017 8:24am Jun 6, 2017 8:24am
EURUSD THIRD ENTRY
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 3.png Size: 48 KB
  • #11,487
  • Jun 6, 2017 11:22am Jun 6, 2017 11:22am
Too Slow

Nice thread here. I've been lurking and reading along. Looked at the HOLO pdf.
Quick question.

So once you enter and position closes either in profit or loss, you wouldn't have another setup that day unless your 1h hits a new higher/lower open?
  • #11,488
  • Jun 6, 2017 3:21pm Jun 6, 2017 3:21pm
Quoting spyderman
Too Slow Nice thread here. I've been lurking and reading along. Looked at the HOLO pdf. Quick question. So once you enter and position closes either in profit or loss, you wouldn't have another setup that day unless your 1h hits a new higher/lower open?
If you have a new H1 HO or LO on the day, then that's a new heads-up for a possible HOLO. What has happened before has no bearing. (Of course, as TS asks, if you are new to HOLO, then you should only be trading a single pair initially).
  • #11,489
  • Jun 7, 2017 7:33am Jun 7, 2017 7:33am
Missed the 1-2-3 but there's always the possibility of a HOLO entry on a later bounce today...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1missed1-2-3butmaybelaterHOLO7thJune17.png Size: 26 KB
  • #11,490
  • Jun 7, 2017 9:37am Jun 7, 2017 9:37am
EURUSD FOURTH
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4.png Size: 51 KB
  • #11,491
  • Jun 8, 2017 8:14am Jun 8, 2017 8:14am
Quoting spyderman
Too Slow Nice thread here. I've been lurking and reading along. Looked at the HOLO pdf. Quick question. So once you enter and position closes either in profit or loss, you wouldn't have another setup that day unless your 1h hits a new higher/lower open?
Reread the rules and tell me the answer to your question.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,492
  • Jun 8, 2017 8:54am Jun 8, 2017 8:54am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 59 KB


Just follow the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,493
  • Jun 8, 2017 12:49pm Jun 8, 2017 12:49pm
Quoting TooSlow
{quote} Reread the rules and tell me the answer to your question.
If I am comprehending anything. No re-entries on an H1 bar. One entry only (Win-lose or draw). Barring a breakout, A new high or new low is a valid set=up.

On another note. I noticed that my DAX chart stopped at 06:15 (NY time). There are parliamenary elections today. Is the DAX not trading today? anyone?
  • #11,494
  • Jun 8, 2017 1:58pm Jun 8, 2017 1:58pm
Quoting frisco
{quote} If I am comprehending anything. No re-entries on an H1 bar. One entry only (Win-lose or draw). Barring a breakout, A new high or new low is a valid set=up. On another note. I noticed that my DAX chart stopped at 06:15 (NY time). There are parliamenary elections today. Is the DAX not trading today? anyone?
That is true if you are using H1 charts.
Not true if you are using M5 charts.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,495
  • Jun 8, 2017 2:39pm Jun 8, 2017 2:39pm
Quoting TooSlow
{image} Just follow the rules.
TS. The post you put up (11,492) with instructions indicate, to me, that you are using a 5 minute chart to monitor the set up after a new H1 Hi or Lo has been made.
Also, to qualify, the price (px) must be within the prior days range and have not exceeded previous days hi or lo.
And, px (In the case of a sell trade as you mention in your post) must have opened between the H1 open and the daily high (extreme, you call it) for this to be a valid entry. Do I have this correct?


Truly, I need to clear the following question up. My understanding is that the method trades uses H1 charts. However, it has also been instructed to use a 15 minute chart to monitor the chart for entries. And if I recall correctly, to wait for a 15M chart to complete before the trade being valid.
I see examples posted here with 5 minute charts with H1 bars superimposed over them. SO, are we using H1 bars as we watch for new highs or lows, then switching to 5 minute (or some other smaller time frame; 10M,15M etc.) to watch the trade as it develops, still using the H1 open px for the trigger?
  • #11,496
  • Jun 12, 2017 6:15pm Jun 12, 2017 6:15pm
Who is taking the 10 trade challenge the week of JUNE 11, 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
  • #11,497
  • Jun 12, 2017 6:56pm Jun 12, 2017 6:56pm
Quoting frisco
{quote} TS. The post you put up (11,492) with instructions indicate, to me, that you are using a 5 minute chart to monitor the set up after a new H1 Hi or Lo has been made. Also, to qualify, the price (px) must be within the prior days range and have not exceeded previous days hi or lo. And, px (In the case of a sell trade as you mention in your post) must have opened between the H1 open and the daily high (extreme, you call it) for this to be a valid entry. Do I have this correct? Truly, I need to clear the following question up. My understanding...
Hi Frisco, me again.....no, I am not stalking you lol.
If I might try to answer your question (I am sure TS will reply if I have missed something)

What you have said is correct. Just want to clarify that last "bit" if I may.

The HIGHEST/LOWEST H1 OPEN price is your trade entry price.
That will be used ONLY if you have a lower time frame candle OPEN in the "area of interest".
That lower time frame candle open is your "trigger" to set the trade.

Now....which lower time frame do you use? M1, M5, M15 or M30?

It's up to the individual trader to decide that. What they are comfortable using. How much time they can devote to sitting in front of their charts. Family/work demands? Their is no "must be" time frame!

If you are trading other methods, then the M30 might be the one for you. That will allow you to only have to look at the charts every half an hour.
So you have a look at the M30 candle half an hour after the new High/Low of the day has printed....and if that has opened in the "area of interest", then that's your trigger.
Exactly the same for any other lower time frame.....nothing more....nothing less.

I hope that has answered your question. Please let me know if it does not.
Kind regards
Michael
  • #11,498
  • Jun 13, 2017 7:37am Jun 13, 2017 7:37am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 68 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,499
  • Jun 14, 2017 9:28am Jun 14, 2017 9:28am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 58 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,500
  • Jun 14, 2017 9:56am Jun 14, 2017 9:56am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 60 KB


AFTER
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
22 traders viewing now, 1 is registered: