LeMercenaire wrote:Leoheart wrote:LeMercenaire wrote:
I used to run a very similar method back in Fund-Monkey days. I can vouch for it working on the higher time frames. H4 off of Weekly and Daily of of Monthly.
You run it slightly differently but basically the same concept.
I've also been looking at how you can run it on H4 charts off of the H1 indicator.
Lem, How are you good buddy? Not following here, Care to elaborate?
Hi Buddy, all good. Sure.
On HOLO, we work off the Day's Highest and Lowest H1 Open levels. We enter the trade down on the m5 (or m15).
What I was saying, is that you can also run a HOLO-variant using the Highest and Lowest H4 Open levels over a Weekly Time Frame...and...
The Highest and Lowest Daily Opens over a Monthly Time Frame.
Running it that way, you enter as price breaks and reverses back over the levels (you don't need any candles to open, you can use a line chart).
Thank you LeM!
Could you post a chart-example?
I’m really interested in this method over HTF charts.