HOLO - Highest Open / Lowest Open Trade

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LeMercenaire
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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Thu May 17, 2018 12:18 pm

Picture perfect HOLO, with PA on the H1 giving you all the set-up clues you need...

GBPUSDM5asHOLOoffwego17thMay18.png
GBPUSDM5asHOLOoffwego17thMay18.png (29.98 KiB) Viewed 255 times


GBPUSDH1asHOLO17thMay18.png
GBPUSDH1asHOLO17thMay18.png (32.41 KiB) Viewed 255 times
GBPUSDH1asHOLO17thMay18.png
GBPUSDH1asHOLO17thMay18.png (32.41 KiB) Viewed 255 times

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brettnchrism
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Re: HOLO - Highest Open / Lowest Open Trade

Postby brettnchrism » Thu May 17, 2018 3:18 pm

LeMercenaire wrote:Just for info, here's the lay of the surrounding land...

AUDUSDM15asHOLOoverview9thMay18.png

AUDUSDM30asHOLOoverview9thMay18.png

AUDUSDH1asHOLOoverview9thMay18.png


Nice this is so simple, I need to focus on this set up, very clear rules should be able to get a couple per day. Thanks for sharing, I see multiple screens again in my future.:)
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Re: HOLO - Highest Open / Lowest Open Trade

Postby brettnchrism » Thu May 17, 2018 4:34 pm

Image

Ok first attempt in awhile. UJ was traded with caution small stop due to big up move. EU was I think with rules although it was maybe 2 or 3rd entry long. +10 on eu, uj I took 2/3 off at 7 and moved stop to +1 still rolling. Any comments welcom as I am learning.
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LeMercenaire
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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Thu May 17, 2018 7:59 pm

brettnchrism wrote:
LeMercenaire wrote:Just for info, here's the lay of the surrounding land...

AUDUSDM15asHOLOoverview9thMay18.png

AUDUSDM30asHOLOoverview9thMay18.png

AUDUSDH1asHOLOoverview9thMay18.png


Nice this is so simple, I need to focus on this set up, very clear rules should be able to get a couple per day. Thanks for sharing, I see multiple screens again in my future.:)


Remember, that TRO's HOLO indi variant is in the Motherlodes zip.

Also, the secret sauce here is in the trade-management, not the entry.

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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Thu May 17, 2018 8:03 pm

brettnchrism wrote:Image

Ok first attempt in awhile. UJ was traded with caution small stop due to big up move. EU was I think with rules although it was maybe 2 or 3rd entry long. +10 on eu, uj I took 2/3 off at 7 and moved stop to +1 still rolling. Any comments welcom as I am learning.


It's a wee bit awkward trying to see what's going on using only the m15 chart. Is it possible to show the H1 of the set-up as an overview as well?

It looks good though.

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Re: HOLO - Highest Open / Lowest Open Trade

Postby brettnchrism » Thu May 17, 2018 8:13 pm

LeMercenaire wrote:
brettnchrism wrote:Image

Ok first attempt in awhile. UJ was traded with caution small stop due to big up move. EU was I think with rules although it was maybe 2 or 3rd entry long. +10 on eu, uj I took 2/3 off at 7 and moved stop to +1 still rolling. Any comments welcom as I am learning.


It's a wee bit awkward trying to see what's going on using only the m15 chart. Is it possible to show the H1 of the set-up as an overview as well?

It looks good though.


Yes for sure wife has me out shopping, as soon as I can get back to laptop I send the hour set up.
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brettnchrism
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Re: HOLO - Highest Open / Lowest Open Trade

Postby brettnchrism » Fri May 18, 2018 7:44 pm

LeMercenaire wrote:
brettnchrism wrote:
LeMercenaire wrote:Just for info, here's the lay of the surrounding land...

AUDUSDM15asHOLOoverview9thMay18.png

AUDUSDM30asHOLOoverview9thMay18.png

AUDUSDH1asHOLOoverview9thMay18.png


Nice this is so simple, I need to focus on this set up, very clear rules should be able to get a couple per day. Thanks for sharing, I see multiple screens again in my future.:)


Remember, that TRO's HOLO indi variant is in the Motherlodes zip.

Ok here is the hour set up sorry so late, wife wanted to walk on beach, go to dinner, vacation stuff...

Image
Image

I think the UJ hour set up was not good because it made a new high and I should have waited? Is that correct? thanks

Also, the secret sauce here is in the trade-management, not the entry.
Your friend Brett

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brettnchrism
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Re: HOLO - Highest Open / Lowest Open Trade

Postby brettnchrism » Fri May 18, 2018 8:42 pm

Image
Image

Here is a loser on UJ today, the two problems I see is price was above yesterdays high and the hour I traded made a new high so I believe this was a break out bar? -6 loss

I believe I traded it correctly other than the position of price. New high for the day on hour, then price on M5 closed in the zone then crossed back over highest high for entry.
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LeMercenaire
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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Fri May 18, 2018 9:49 pm

brettnchrism wrote:
LeMercenaire wrote:
brettnchrism wrote:
Nice this is so simple, I need to focus on this set up, very clear rules should be able to get a couple per day. Thanks for sharing, I see multiple screens again in my future.:)


Remember, that TRO's HOLO indi variant is in the Motherlodes zip.

Ok here is the hour set up sorry so late, wife wanted to walk on beach, go to dinner, vacation stuff...

Image
Image

I think the UJ hour set up was not good because it made a new high and I should have waited? Is that correct? thanks

Also, the secret sauce here is in the trade-management, not the entry.


Yes, technically - by the rules - there is no HOLO entry inside the H1 bar as it makes a new High, however, that is now a 1-2-3 Set-Up bar and you would enter short on the open of the bar following.

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LeMercenaire
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Re: HOLO - Highest Open / Lowest Open Trade

Postby LeMercenaire » Fri May 18, 2018 9:54 pm

brettnchrism wrote:Image
Image

Here is a loser on UJ today, the two problems I see is price was above yesterdays high and the hour I traded made a new high so I believe this was a break out bar? -6 loss

I believe I traded it correctly other than the position of price. New high for the day on hour, then price on M5 closed in the zone then crossed back over highest high for entry.


Yep, everything was good - it was simply a duff trade. Nothing to have stopped you going in again though :D

Always remember also, that if a HOLO set-up moves onto a new High (or Low, whatever), you can start to look at a 1-2-3 entry.

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