HOLO - Highest Open / Lowest Open Trade

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LeMercenaire
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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Tue Nov 14, 2017 7:23 pm

I watched this long develop but didn't pull the trigger as I wanted to concentrate on the UC. The large zone was also a bit of a concern...

S&P500M5watchedbutdidntpull14thNov17.png
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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Tue Nov 14, 2017 11:12 pm

This was the last one of the day. A perennial favourite for throwing up a set-up at that time - and so it did...

USDJPYM5asHOLO14thNov17.png
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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Wed Nov 15, 2017 10:21 am

Nice start to the day.

Had been scalping DAX but once that had reached exhaustion-point, the GU option is always an attractive one :D ...

Took the drop (though it was in a breakout, admittedly) and then the bounce off the bottom.

As always, micro S+D adds weight to the decision.

GBPUSDM5HOLOoutthetopandoutthebottom15thNov17.png
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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Wed Nov 15, 2017 2:28 pm

A kind of combo-trade. A mix of TooSlow 1-2-3, HOLO and RAT...pretty good combo to have, lol...

USDJPYM5akindofcombotrade15thNov17.png
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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Wed Nov 15, 2017 2:34 pm

The third of the triumvirate featuring the Greenback today...

NZDUSDM5NicecleandropNov15th17HOLO.png
NZDUSDM5NicecleandropNov15th17HOLO.png (41.26 KiB) Viewed 535 times


I missed the earlier move. Hey, ho.

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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Wed Nov 15, 2017 3:15 pm

Holy idiot-features, Batman!!!

I was in on this and had forgotten the trade was running as got distracted. Sometimes you just get lucky. Too many balls in the air can get nasty if you're not careful! (I'm sure there's a joke in there, somewhere that the mods would censor :D ).

EURUSDM5asaHOLOIforgotaboutLOL15thNov17.png
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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Wed Nov 15, 2017 3:17 pm

Being an ass meant I missed out on the chance to add in at the obvious points but hey...at least I still have my ass!

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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Wed Nov 15, 2017 3:30 pm

I've been sitting on CJ for what seems like an age, waiting for a high tf move. It's finally getting there today, so felt it was ok to nab a little taster here...

CADJPYM5asHOLOquick-hitter15thNov17.png
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Re: HOLO - Highest Open / Lowest Open Trade

Postby TheRumpledOne » Wed Nov 15, 2017 3:36 pm

Nice charts there BareFoot...LOL!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: HOLO - Highest Open / Lowest Open Trade

Postby TheRumpledOne » Wed Nov 15, 2017 4:04 pm

THE ORIGINS OF HOLO

TheRumpledOne wrote:Image

Working on a new indicator... TRO_HOLO

HO = Highest Open

LO = Lowest Open

Remember the 3 Level ZZ Semafor indicator? Lots of people didn't like it because they thought it "repainted".

TRO_HOLO determines the highest and lowest OPEN PRICE over the last 34 bars (User Input) and plots a line there. I use 34 because the 3 of the 3 Level ZZ Semafor is the 34 period High/low. TRO_HOLO also determines the highest and lowest OPEN PRICE over the last 34 bars starting with the bar that precedes the bar it just found and plots a line there.

So you have 2 low opens and 2 high opens.

Q1) What do you see?

Q2) How can you use that to be profitable?

HINT: The OPEN PRICE is the ONLY price of a bar/candle that DOES NOT MOVE once it has been plotted!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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