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Higher low, lower high system

  • #7,361
  • Jul 17, 2017 4:19am Jul 17, 2017 4:19am
Quoting Vantage
Thats a very expensive lesson/reminder. Sat back after the above trade just to see if anything happened at the top of the hour. I had reloaded my 1 min Dax template and forgot to check the TP and stop settings. Great entry out at +2.5 instead of 25. {image}
After the strong initial move down the old adage from Islander wait 20 mins and try again also applied.
  • #7,362
  • Jul 17, 2017 6:29pm Jul 17, 2017 6:29pm
Hi Vantage

Great thread you have here - subscribed and will share my findings after I go through all the pages.
  • #7,363
  • Jul 18, 2017 1:20am Jul 18, 2017 1:20am
Quoting Ivanyo
Hi Vantage Great thread you have here - subscribed and will share my findings after I go through all the pages.
Cheers. The first post has the latest variation which I have used for a while now. Most notably looking for agreement across pairs and adding AO.
  • #7,364
  • Jul 18, 2017 4:45am Jul 18, 2017 4:45am
Was otherwise engaged this morning so have not traded at all.

Just thought I'd put this up as this is pretty much a 1 min system on its own. You can have a look through the last 5 pages or so at many of the 1 min charts shown. 10/75 lwma cross, buy above/sell below, next hl/lh after ma cross, price contained by the 75, angle/separation of ma's, little/no wick in direction of trade.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M1.png Size: 44 KB
  • #7,365
  • Jul 18, 2017 6:42am Jul 18, 2017 6:42am
Quoting Vantage
Was otherwise engaged this morning so have not traded at all. Just thought I'd put this up as this is pretty much a 1 min system on its own. You can have a look through the last 5 pages or so at many of the 1 min charts shown. 10/75 lwma cross, buy above/sell below, next hl/lh after ma cross, price contained by the 75, angle/separation of ma's, little/no wick in direction of trade. {image}
GREAT one.. so simple
  • #7,366
  • Jul 18, 2017 7:56am Jul 18, 2017 7:56am
If you were to look up "wait 20 minutes and try again" in the trading dictionary you'd get this. 3 bar reversals doing a pretty decent job alerting on 5 min.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DAX30M1.png Size: 40 KB
Click to Enlarge Name: DAX30M5.png Size: 36 KB
  • #7,367
  • Jul 18, 2017 4:00pm Jul 18, 2017 4:00pm
Quoting Vantage
If you were to look up "wait 20 minutes and try again" in the trading dictionary you'd get this. 3 bar reversals doing a pretty decent job alerting on 5 min. {image} {image}
Hi Mr v

Good to see your thread nice and busy, always thought it was one of the best on FF.....

Have you seen the Renko charts that are flying around nowadays, made very popular by such threads as More simpler is impossible?? Well i've been giving them a bash this week and its looking good so far..

Heres the same chart you posted above but on a 2.5 pip renko..

Attached Image (click to enlarge)
Click to Enlarge Name: GERMAN30.SBM2 renko chart same.png Size: 45 KB


what do you think?? Entries are so obvious I'm not even going to bother marking them out, notice how the good old CCI even signals early before the renkos turn over?? Crazy how the CCI turns down whilst the renkos are still green but quickly follow suit just after the CCI turns...

been having some great success just taking the renko colour changes in same direction as the higher trend like your 75lwma..

You're have losers for sure but they are small compared to the runs on the Renko charts..

Just thought I'd pop in and say hello....
Feel the Fear and do it anyway!!!
  • #7,368
  • Jul 18, 2017 4:29pm Jul 18, 2017 4:29pm
Great thing about renko charts is their pin bars , they are awesome reversal entries back with the trend...

take the last chart I posted, in a nice down trend with a red 75lwma wait for the CCI to go overbought then watch for a pinbar reversal bar. In this downtrend they are the red ones back with the trend, heres the same chart with some of them marked with yellow arrows, entry is sell pending order 2 pips below the pinbar...

Attached Image (click to enlarge)
Click to Enlarge Name: Down trend wait for cci to go OB take pin bars.png Size: 46 KB


I have a great little trade assistant that alerts me to every pinbar and predicts the close of the next candle so once the CCI goes OB I place my pending orders 2 pips below the predicted close as quite often these renko charts fly....with no chance of hitting a market order..

For those interested heres the little gismo attached below...
Attached File(s)
File Type: ex4 Renko-Trade-Assistant.ex4   26 KB | 680 downloads
Feel the Fear and do it anyway!!!
  • #7,369
  • Jul 18, 2017 4:50pm Jul 18, 2017 4:50pm
Hi Clive, great to see you in action, it's been awhile since I have read your posts. Just to say thanks for your own thread ABCD which I have found very helpful and all the help you have given on skype.
Wishing you all the best.
Galatians VI As you sow so shall you reap.
  • #7,370
  • Jul 18, 2017 5:10pm Jul 18, 2017 5:10pm
Quoting thomond
Hi Clive, great to see you in action, it's been awhile since I have read your posts. Just to say thanks for your own thread ABCD which I have found very helpful and all the help you have given on skype. Wishing you all the best.
Thank you Thomond for your kind words, glad my thread has been of some help to you. Its been a pleasure helping traders like your good self and its certainly helped me to become a better trader in the process..
Feel the Fear and do it anyway!!!
  • #7,371
  • Jul 18, 2017 7:57pm Jul 18, 2017 7:57pm
1 min asx 200.. couple trades this morning..i took using 10/75..lws.. thks V.. yellow line is open line
Attached Image (click to enlarge)
Click to Enlarge Name: AUS200M1.png Size: 44 KB
  • #7,372
  • Jul 18, 2017 8:15pm Jul 18, 2017 8:15pm
here is one i just took.. 10/75.. 1 min.. usdjy.. am holding cause h/s on 1 and 4 hr pinbarish on day
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 61 KB
  • #7,373
  • Jul 18, 2017 9:12pm Jul 18, 2017 9:12pm
Quoting clivepackham
Great thing about renko charts is their pin bars , they are awesome reversal entries back with the trend... take the last chart I posted, in a nice down trend with a red 75lwma wait for the CCI to go overbought then watch for a pinbar reversal bar. In this downtrend they are the red ones back with the trend, heres the same chart with some of them marked with yellow arrows, entry is sell pending order 2 pips below the pinbar... {image} I have a great little trade assistant that alerts me to every pinbar and predicts the close of the next candle so...
Thks Clive
  • #7,374
  • Jul 18, 2017 9:15pm Jul 18, 2017 9:15pm
ASX 200.. long as it went back up for 12.. short order below 75 if it goes back down.. 1 min chart..10/75
Attached Image (click to enlarge)
Click to Enlarge Name: AUS200M1.png Size: 49 KB
  • #7,375
  • Jul 18, 2017 11:56pm Jul 18, 2017 11:56pm
Hi Clive, Danc

Clive I'll have another look at the Renko with your trade assistant. The TM one click ea posted on your thread is great by the way. Will touch base soon.

Danc some nice trades there. I saw a lower high you highlighted before the 10/75 cross which is of course fine the 75 (5 min 15) just gives a good general basis for trades.
  • #7,376
  • Jul 19, 2017 1:25am Jul 19, 2017 1:25am
Quoting Vantage
Hi Clive, Danc Clive I'll have another look at the Renko with your trade assistant. The TM one click ea posted on your thread is great by the way. Will touch base soon. Danc some nice trades there. I saw a lower high you highlighted before the 10/75 cross which is of course fine the 75 (5 min 15) just gives a good general basis for trades.
Hi Dave

Probably shouldn't of posted it here, should be on the "more simple is impossible" thread, but the charts are so clean thought I'd just share it with you as you've helped me so much in the past...By the way the trade manager works on Renko charts too where its very useful when trying to catch a fast move and place a pending order with just a push of a button.

Catch up later....
Feel the Fear and do it anyway!!!
  • #7,377
  • Jul 19, 2017 1:28am Jul 19, 2017 1:28am
Quoting clivepackham
{quote} Hi Dave Probably shouldn't of posted it here, should be on the "more simple is impossible" thread, but the charts are so clean thought I'd just share it with you as you've helped me so much in the past...By the way the trade manager works on Renko charts too where its very useful when trying to catch a fast move and place a pending order with just a push of a button. Catch up later....
Its all good Clive, cheers.
  • #7,378
  • Jul 19, 2017 3:25am Jul 19, 2017 3:25am
DAX 5 min 75/10 cross
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M5.png Size: 55 KB
  • #7,379
  • Jul 19, 2017 3:35am Jul 19, 2017 3:35am
For goodness sake (trying not to swear) I missed the GU move down earlier, sat and watched DAX for how long patiently waited through the chop. Got a move to the lows, 1 positive close but upper wick, there wasn't high volume on that candle, so when the low failed got in. Obviously my changed stop and TP settings on the TM that I changed are not right. Not a happy chappie right now. OK $50 is $50 but mannnnnnnn!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M1.png Size: 44 KB
  • #7,380
  • Jul 19, 2017 3:36am Jul 19, 2017 3:36am
Quoting danc
DAX 5 min 75/10 cross {image}
I use 15 on 5 min and 10/75 on 1 min.
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