Not a lot of great price action today although I did have a few trades, mostly around the opens. Was watching EJ to get on a trend simply because I liked the way it was moving over other pairs and had a good LH trade.
How to program Higher-High Higher-Low 19 replies
What are Higher High, Higher Low, Lower High and Lower Low? 10 replies
Higher High/Higher Low indicator conversion from 4 to 5 decimals. Help anyone? 2 replies
Can u point me to code 2 show each bar with a higher high & higher low? 2 replies
DislikedHey V,
Was wondering what you're exit strategy has been lately? Looks like you have been pulling out half of position at some point sometimes. I've been trying to monitor trade on a 1m chart and soon as a new HL or LH has been made against trade direction I try to get out. Problem is that is pulls you out early on some trades. Which might not be too bad if because it is showing a pull-back, and you should be able to get enter on another HL / LH on the 5m. Just wondering your thoughts.
Also what times are you trading and what instruments? If...Ignored
DislikedFeeling almost human again. Just put on computer didn't trade these just showing as another example.
Firstly the daily chart below. These obvious supp/resistance areas have been well respected for some time now.
1hr (not shown) had a doji and a shooting star so its sell in line with trend. 15 min (top) had a positive close and then a no follow through up hammer, then a neg close. See the arrow down.
5 min (middle) had a nice lh, perfect system trade, see arrow down.Ignored
DislikedSince it was after noon GMT I'm guessing you wouldn't have been around for that one? I pretty much pack it up by 11GMT so that's why I missed it. Too bad since I felt like I was waiting all morning for something good out of GU. EJ was a little better and I did get a trade in line with this methodology out of it.Ignored
So if its marginal/close to lwma but a good higher low or lower high with right candles don't let price being on wrong side of lwma stop you from trading.
Roystons indi's.
Vantage positive closes roy 05 - gives a blue square if the price closes above the 8 lwma on the 60 min time frame, and a red if it closes under. (I have made green for above, red below in line with green buy red sell).
Vantage positive closes roy 06 - gives a blue square if the Close is in the upper half of the candle designated by the TImeFrame parameter, and a red if the close is in the lower half of the candle. I change to red and green for 60 min and orange, lime for 15 min.
Drag the indicators into the SAME subwindow. Altering the line_ht parameter between 0 and 100 for each indicator drag, will place the lines of blue squares at differing heights. This is just a way of getting more information into one window, rather than spreading it over more windows. (V's comment, I use 60, 40 for the 1hr and 15 min respectively on Roy 06 indi and 20 for the above below 8 lwma Roy 05 indi).
Attached 2 indicators which let you see a higher time frame condition on the 5 min chart. Which are:
#MTF Moving Average - which, (when set to TimeFrame 60, MAPeriod 8, ma_shift 0, ma_method 3, applied_price 0 )shows the position of the 8 lwma on the 60 min time frame,
and
CustomCandle6, which when set to 15 shows the 15 min candle on a 5 min time frame.
Attached a 5 min chart.
Left highlighted trade. Top line red so 1hr is down. Middle line orange so 15 min is down. Bottom line green so we are above 1hr 8 lwma. Overall we are in downtrend, perfect lh. I'd sell, you decide.
Highlighted trade on right. 1hr top line and 15 min showing green so why sell. 1hr was a small hammer and 15 min a spinning top where closes were marginally in upper half. 5 min was a close with no lower wick on edge (slightly below) immediate range. Overall the current trend is just down. If not in of strong trend you might re-consider. If in doubt stay out.
So in summary, if all three red/green prob good trades. Still keep an eye out for upper/lower wicks and use common sense on candles and volume. Trade good candles, always.
DislikedThanks for all the work you (and Royston) have done on refining this strategy. I'll watch the new indicators over the next few days. Just mad at myself for having missed that big run down.Ignored
DislikedSorry to hear about the flues....
what were your entry levels on the 2 trades you highlighted in the drawings?Ignored
DislikedThink I'll stay away from Centurion for a while! V. -I am having problems matching your new chart setup. When you have some time, any chance you could post a template please. Thanks.Ignored
DislikedThink I'll stay away from Centurion for a while! V. -I am having problems matching your new chart setup. When you have some time, any chance you could post a template please. Thanks.Ignored
DislikedWithin MT4, right click as though to save the template and when the dialogue box opens up, press the "Up one level" option, which will take you up through the directory hierarchy one level at a time (if it is the same as XP, that is...). You should be able to work out where it keeps them from that.Ignored