well, I'm wrong, there were two M1 entries, I did not notice coz I was looking at different setup, but they're quite valid and profitable. image

Highest Open / Lowest Open Trade

you could use other entry strategies, you don't have to wait for HOLO here. Gold has been having major swings lately, it would be a shame if you miss out on them as they're profitable almost immediately and they don't stall like currency pairs do ...

Highest Open / Lowest Open Trade

correct, it looks like boasting . it should not be posted here, and if you do then it should be mentioned clearly NOT HOLO or NOT BY THE RULES. I got 4 winning Gold trades today, but they're ...

Highest Open / Lowest Open Trade

again, that's a big bearish engulfing candle right after your entry, get out!!

Highest Open / Lowest Open Trade

There were two bearish candlestick patterns that may have alerted you that this trade will fail (pinbar at the H1 open and two bull 2 bear sequence), to me they're sell signals not buy.

Highest Open / Lowest Open Trade

There's a big difference between the two, in HOLO if a new H1 high or low is formed the next H1 will open at the close of the previous candle ( so a new H1 higher /lower open = a new entry price) unless there's a gap down or up that makes it open at ...

Highest Open / Lowest Open Trade

yes, the difference is the entry, for one it's the highest/lowest open price (which could be next candle or several candles later if you go to lower TF), for the other it's the current candle open price. And for the HOLO you can trade lower TF, but ...

Highest Open / Lowest Open Trade

Both have AOI, the HOLO AOI is between the new H1 open price and the high/low of the day, 1-2-3 AOI is between the current candle open price and the high/low of the day. You cannot trade HOLO if a new high/low is formed, you cannot trade 1-2-3 if ...

Highest Open / Lowest Open Trade

great mate. keep it up.

Highest Open / Lowest Open Trade

@nonibadsha, are we copying signals or what? I got 16 pips out of it, manual SL. image

Highest Open / Lowest Open Trade

ok, I can see that you're following the rules to the letter, I mean certainly the entry rules must not change, however for profit taking, if you get the chance +9 is better than +1, and for the SL, if you have such a far SL (30 pips) and you see ...

Highest Open / Lowest Open Trade

I'm sorry, my bad, I just checked. your SL is exactly where it should be. The only problem is that a new H1 formed at 12:00 so the AOI was redrawn and the H1 open now is higher. it was clear by that time that your trade was failing. and the two ...

Highest Open / Lowest Open Trade

Correct, but... AT THE TIME OF YOUR TRADE!! if a new high is formed you should be out there and then.

Highest Open / Lowest Open Trade

I believe this is how you lost 30.5 pips instead of 17 image (edit: sorry, I drew the wrong high)

Highest Open / Lowest Open Trade

@ TheZen, once you place your entry on M1, zoom out to a higher TF like M15 or H1, this will reduce the noise of M1 and allow you to see where your trade is going, you don't have to wait and take those big losses if you see the trade is sliding in ...

Highest Open / Lowest Open Trade

looks like you decided to let only one trade play, that's ok too. but you had three more chances on the new AOI. image

Highest Open / Lowest Open Trade

Sorry, I just came and saw your post. you can either let the old sell play or if you see a valid setup in the new AOI you can add another sell. up to you and depends on your risk management.

Highest Open / Lowest Open Trade

[quote=PeterCaleb;14036370] So you are answering your own question? Uuuum ok. I don't recall asking any question. sure

Highest Open / Lowest Open Trade

no, not really, you asked why I think it's not possible to tell when a bottom or top is reached and a reversal begins and I answered in my post with 4 consecutive lows.

Highest Open / Lowest Open Trade

@ Peter Caleb 09:00 new H1 lower open, next candle makes a new low and retraces, so I place my stop order which is triggered at the down arrow. next candle retraces back instead of going up, so I close my trade as soon as it crosses the open (-4.5) ...

Highest Open / Lowest Open Trade