Leoheart wrote:LeMercenaire wrote:I'll try and find some examples and that'll show the move clearly.
The issue of the big mono bar throwing the Plopper under the bus is why the 1-2-3 works instead of waiting for the bar to close and taking that Plopper play.
I have to stop saying Plopper now...
Lem had a serious case of indigestion when he came up with that name ( ok now I have to stop).
HOLO - Highest Open / Lowest Open Trade
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Re: HOLO - Highest Open / Lowest Open Trade
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Re: HOLO - Highest Open / Lowest Open Trade
brettnchrism wrote:
AU HOLO trade...looks correct made a small mistake putting in limit order it kicked back to market entry why there is a entry above the open...
Don't get HOLO and 1-2-3 mixed up.
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Re: HOLO - Highest Open / Lowest Open Trade
brettnchrism wrote:brettnchrism wrote:
AU HOLO trade...looks correct made a small mistake putting in limit order it kicked back to market entry why there is a entry above the open...
-7 well not a great way to start the week, let try it again next hour
Unfortunately it looks like you chose the only one of the four 1-2-3 set-ups on the day that didn't work. Trading's great that way, isn't it
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Re: HOLO - Highest Open / Lowest Open Trade
LeMercenaire wrote:brettnchrism wrote:
AU HOLO trade...looks correct made a small mistake putting in limit order it kicked back to market entry why there is a entry above the open...
Don't get HOLO and 1-2-3 mixed up.
Ok I need to get some clearing on this I’ve read the threads. I can see hour made new high and new higher close, then price tested the high without making new high and I enter at second bar open area Is that 1-2-3 or holo?
I’m confused!
Your friend Brett
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Re: HOLO - Highest Open / Lowest Open Trade
brettnchrism wrote:LeMercenaire wrote:brettnchrism wrote:
AU HOLO trade...looks correct made a small mistake putting in limit order it kicked back to market entry why there is a entry above the open...
Don't get HOLO and 1-2-3 mixed up.
Ok I need to get some clearing on this I’ve read the threads. I can see hour made new high and new higher close, then price tested the high without making new high and I enter at second bar open area Is that 1-2-3 or holo?
I’m confused!
Ok Im a little slow as I get older . In this picture is a 1-2-3 set up. What I see is a new higher high but hour candle close lower than previous high. Enter on close of the now red candle or where your red circle is? And 9 candles back I see the same entry set up? With a HOLO price has to close between the highest close and the highest high then come through the highest close without making a new high?
Your friend Brett
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Re: HOLO - Highest Open / Lowest Open Trade
brettnchrism wrote:brettnchrism wrote:LeMercenaire wrote:Don't get HOLO and 1-2-3 mixed up.
Ok I need to get some clearing on this I’ve read the threads. I can see hour made new high and new higher close, then price tested the high without making new high and I enter at second bar open area Is that 1-2-3 or holo?
I’m confused!
Ok Im a little slow as I get older . In this picture is a 1-2-3 set up. What I see is a new higher high but hour candle close lower than previous high. Enter on close of the now red candle or where your red circle is? And 9 candles back I see the same entry set up? With a HOLO price has to close between the highest close and the highest high then come through the highest close without making a new high?
So a 123 happens when the bar makes a NEW HIGH, but not necessarily a new highest open. You would trade the OPEN of the next hour bar as long as it tests the high before it falls.
A HOLO trade is when a bar has made a new highest H1 OPEN but NOT a new high. Wait for a 5 minute close between the daily extreme and the highest open and trade back across the Open.
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Re: HOLO - Highest Open / Lowest Open Trade
achooblessyou wrote:brettnchrism wrote:brettnchrism wrote:
Ok I need to get some clearing on this I’ve read the threads. I can see hour made new high and new higher close, then price tested the high without making new high and I enter at second bar open area Is that 1-2-3 or holo?
I’m confused!
Ok Im a little slow as I get older . In this picture is a 1-2-3 set up. What I see is a new higher high but hour candle close lower than previous high. Enter on close of the now red candle or where your red circle is? And 9 candles back I see the same entry set up? With a HOLO price has to close between the highest close and the highest high then come through the highest close without making a new high?
So a 123 happens when the bar makes a NEW HIGH, but not necessarily a new highest open. You would trade the OPEN of the next hour bar as long as it tests the high before it falls.
A HOLO trade is when a bar has made a new highest H1 OPEN but NOT a new high. Wait for a 5 minute close between the daily extreme and the highest open and trade back across the Open.
Thanks for that. I just couldn't get back on last night to answer.
Once things are done-and-dusted today and I have a mo, I will bang on a quick summary of the rules to both 1-2-3 and HOLO.
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Re: HOLO - Highest Open / Lowest Open Trade
brettnchrism wrote:LeMercenaire wrote:brettnchrism wrote:
AU HOLO trade...looks correct made a small mistake putting in limit order it kicked back to market entry why there is a entry above the open...
Don't get HOLO and 1-2-3 mixed up.
Ok I need to get some clearing on this I’ve read the threads. I can see hour made new high and new higher close, then price tested the high without making new high and I enter at second bar open area Is that 1-2-3 or holo?
I’m confused!
Ok I need to get some clearing on this I’ve read the threads. I can see hour made new high and new higher close, then price tested the high without making new high and I enter at second bar open area Is that 1-2-3 or holo?
On that chart, you are in a 1-2-3.
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Re: HOLO - Highest Open / Lowest Open Trade
brettnchrism wrote:brettnchrism wrote:LeMercenaire wrote:Don't get HOLO and 1-2-3 mixed up.
Ok I need to get some clearing on this I’ve read the threads. I can see hour made new high and new higher close, then price tested the high without making new high and I enter at second bar open area Is that 1-2-3 or holo?
I’m confused!
Ok Im a little slow as I get older . In this picture is a 1-2-3 set up. What I see is a new higher high but hour candle close lower than previous high. Enter on close of the now red candle or where your red circle is? And 9 candles back I see the same entry set up? With a HOLO price has to close between the highest close and the highest high then come through the highest close without making a new high?
Ok Im a little slow as I get older . In this picture is a 1-2-3 set up. What I see is a new higher high but hour candle close lower than previous high. Enter on close of the now red candle or where your red circle is?
You enter at the level of the red circle.
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Re: HOLO - Highest Open / Lowest Open Trade
achooblessyou wrote:brettnchrism wrote:brettnchrism wrote:
Ok I need to get some clearing on this I’ve read the threads. I can see hour made new high and new higher close, then price tested the high without making new high and I enter at second bar open area Is that 1-2-3 or holo?
I’m confused!
Ok Im a little slow as I get older . In this picture is a 1-2-3 set up. What I see is a new higher high but hour candle close lower than previous high. Enter on close of the now red candle or where your red circle is? And 9 candles back I see the same entry set up? With a HOLO price has to close between the highest close and the highest high then come through the highest close without making a new high?
So a 123 happens when the bar makes a NEW HIGH, but not necessarily a new highest open. You would trade the OPEN of the next hour bar as long as it tests the high before it falls.
A HOLO trade is when a bar has made a new highest H1 OPEN but NOT a new high. Wait for a 5 minute close between the daily extreme and the highest open and trade back across the Open.
So a 123 happens when the bar makes a NEW HIGH, but not necessarily a new highest open. You would trade the OPEN of the next hour bar as long as it tests the high before it falls.
A HOLO trade is when a bar has made a new highest H1 OPEN but NOT ([color=#FFFF00]necessarily) a new high. Wait for a 5 minute close between the daily extreme and the highest open and trade back across the Open.[/color]
The added ''necessarily'' is mine but other than that, yep, that's it.
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