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Higher low, lower high system

  • #7,381
  • Jul 20, 2017 2:41am Jul 20, 2017 2:41am
As good an example of test of range that you will ever see. At LO double top, then a LH, price comes down to the low at 1.3014, small reaction up (which I love) another lh. Good ma angle + separation, little/no lower wick. If you search test of range http://vantagefx.blogspot.co.za you'll see several posts similar set ups.
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  • #7,382
  • Jul 20, 2017 2:42am Jul 20, 2017 2:42am
Quoting Vantage
As good an example of test of range that you will ever see. At LO double top, then a LH, price comes down to the low at 1.3014, small reaction up (which I love) another lh. Good ma angle + separation, little/no lower wick. If you search test of range http://vantagefx.blogspot.co.za you'll see several posts similar set ups. {image}
Same chart without the trade manager.
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  • #7,383
  • Jul 20, 2017 3:28am Jul 20, 2017 3:28am
dax 1 min just enterd..10/75
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  • #7,384
  • Jul 20, 2017 4:11am Jul 20, 2017 4:11am
Quoting danc
dax 1 min just enterd..10/75 {image}
got 2 enters 75/10..1 min cht
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  • #7,385
  • Jul 20, 2017 4:18am Jul 20, 2017 4:18am
Quoting danc
{quote} got 2 enters 75/10..1 min cht {image}
Great stuff, with the interest rate decision coming I had mentally switched off and pottered around doing other stuff.

Thought I might add that the 5 min 3 bar reversal 11.50 chart time close 12532 (the white arrow down posts on the open of next candle) as intended shows and alerts the LH brilliantly (IMHO).
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  • #7,386
  • Jul 20, 2017 4:22am Jul 20, 2017 4:22am
The red lines refer to the closed candles that the 3 bar reversal has alerted (white arrow shows up on the next candle). All in all does a pretty decent job.
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  • #7,387
  • Jul 20, 2017 4:24am Jul 20, 2017 4:24am
Link for 3 bar reversal https://www.forexfactory.com/showthr...22#post8878722 alert.
  • #7,388
  • Jul 20, 2017 4:33am Jul 20, 2017 4:33am
And with above chart in mind just a reminder:

Looking to enter the HL/LH's in and around the 15lwma, either a HL/LH that crosses the lwma or after price crossed the first HL/LH that follows. Typically we like candles with little/no wick in the direction of the trade.

As you will see from the chart the first hl just before LO is the cross of lwma. Thereafter you can decide if you want in on the continuation moves. The lh's around R2 also comply with those rules. The first lh for the move down a losing trade with a small stop.
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  • #7,389
  • Jul 20, 2017 5:12am Jul 20, 2017 5:12am
Quoting Vantage
As good an example of test of range that you will ever see. At LO double top, then a LH, price comes down to the low at 1.3014, small reaction up (which I love) another lh. Good ma angle + separation, little/no lower wick. If you search test of range http://vantagefx.blogspot.co.za you'll see several posts similar set ups. {image}
Small reaction up v not so small. In the blue block left 145.64 up to 145.92 then 145.74 to 145.98 not so small. In the move up to 145.98 the LH/LL cycle also broken.

Blue block right price bounces from 145.74 (same as before) to 145.86, less than half the previous bounces. LH/LL cycle intact and almost no lower wicks on this move.
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  • #7,390
  • Jul 20, 2017 7:45pm Jul 20, 2017 7:45pm
Quoting Vantage
Link for 3 bar reversal https://www.forexfactory.com/showthr...22#post8878722 alert.
THKS..I didnt really understand what a three bar reverse was..
  • #7,391
  • Aug 3, 2017 3:14am Aug 3, 2017 3:14am
clive again..dax.. long..just love his bldy stuff
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  • #7,392
  • Aug 3, 2017 3:33am Aug 3, 2017 3:33am
Quoting danc
clive again..dax.. long..just love his bldy stuff {image}
Love it. I have just switched computer on now so haven't traded at all, high vol on the first push below 12100 that failed, 2nd HL in a short period that followed. Nice one.
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  • #7,393
  • Aug 3, 2017 4:09am Aug 3, 2017 4:09am
Quoting danc
clive again..dax.. long..just love his bldy stuff {image}
And now I'm on my way out again. With int rates coming in an hour or two probably wouldn't have traded anyway. Just thinking out loud that now Dax has done something that it may have some of its sideways chop that you need to be careful of. TWT.
  • #7,394
  • Aug 3, 2017 8:47pm Aug 3, 2017 8:47pm
Quoting Vantage
{quote} Love it. I have just switched computer on now so haven't traded at all, high vol on the first push below 12100 that failed, 2nd HL in a short period that followed. Nice one. {image}
Thats all you have gotta do..isnt it V..? just turn the comput on and follow the rules and focus..you can all ways get some thing..
  • #7,395
  • Aug 4, 2017 12:13am Aug 4, 2017 12:13am
Quoting danc
{quote} Thats all you have gotta do..isnt it V..? just turn the comput on and follow the rules and focus..you can all ways get some thing..
5 min entry rules from 1st post:

OK so current set up focus on GU and GJ, 5 min 15lwma, 3 bar reversal indi with 9 9 1 stoch filter. GU and GJ to agree (both on same side of their lwma). Looking to enter the HL/LH's in and around the 15lwma, either a HL/LH that crosses the lwma or after price crossed the first HL/LH that follows. Added AO and looking for that to either have changed colour in direction of trade or already be agreeing trade direction.

Yesterdays GU GJ charts highlight most of the 15lwma crosses. So going through the rules list:

- Do GU GJ agree both on same side of lwma?
- Is there a HL LH DT DB?
- Is AO agreeing (if 1 pair AO agreeing would trade that one)
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  • #7,396
  • Aug 7, 2017 8:51am Aug 7, 2017 8:51am
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...
Clive - greetings.
Are you using Renko charts now?
I would like to compare to Range bars -do you have link for Renko chart download please?
Cheers old friend :-)
every Saint has a past. Every Sinner has a Future
  • #7,397
  • Aug 7, 2017 11:51am Aug 7, 2017 11:51am
Quoting turnip15
{quote} Clive - greetings. Are you using Renko charts now? I would like to compare to Range bars -do you have link for Renko chart download please? Cheers old friend :-)
CLIVE -scrub that.
I just downloaded them from OVO.CZ -dead easy to set up both Range bars and Mean Renko. :-)
every Saint has a past. Every Sinner has a Future
  • #7,398
  • Aug 21, 2017 9:02am Aug 21, 2017 9:02am
Didn't get a trade this morning and waited a long time for the sideways junk to finish. Were every day this good, 1st trade was less that a minute and 2nd not much longer +25 and +19. First trade was running so strong couldn't move TP quick enough. 2nd trade just missed the TP and exited manually.
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  • #7,399
  • Aug 29, 2017 2:42am Aug 29, 2017 2:42am
Kicking myself for missing the earlier move but wasn't in front of computer at the time.

High volume just after London open on the move down to 12011. That area then will always be a concern buyers obviously around. There was a LH that stalled just above S2 at 12013 giving a HL and a small HH just under W S1 12032. Another push down to 12011 gave a small LH and a chance for entry. Because of the high vol candle 4/5 mins after LO would not have given this trade much room to fail. Got what I hoped for which was enough room to get to BE and if S2 and RN failed knew a good trade would come (especially if at BE already).

Had TP at +25 but when we moved through the RN price moved strongly and I moved TP just above S2. Vol kicked in on the move down to 119700 area and exited manually after candle closed for +40.
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  • #7,400
  • Aug 29, 2017 2:57am Aug 29, 2017 2:57am
Quoting Vantage
Kicking myself for missing the earlier move but wasn't in front of computer at the time. High volume just after London open on the move down to 12011. That area then will always be a concern buyers obviously around. There was a LH that stalled just above S2 at 12013 giving a HL and a small HH just under W S1 12032. Another push down to 12011 gave a small LH and a chance for entry. Because of the high vol candle 4/5 mins after LO would not have given this trade much room to fail. Got what I hoped for which was enough room to get to BE and if S2 and...
And as a friend pointed out the 20 minute (almost in this case) idea applied.
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