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Higher low, lower high system

  • #7,401
  • Aug 29, 2017 2:58am Aug 29, 2017 2:58am
Hard down..Hey V..???..i got a good earn on way down..got this area marked as strong resistance so took a possie.... a bit of a punt.. got stop 9535.. wot the hell.... any how your chart .. easy to see wasnt it??
  • #7,402
  • Aug 29, 2017 2:59am Aug 29, 2017 2:59am
Quoting Vantage
{quote} And as a friend pointed out the 20 minute (almost in this case) idea applied.
As it did again after the move down to 11970 area.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M1.png Size: 43 KB
  • #7,403
  • Aug 29, 2017 3:04am Aug 29, 2017 3:04am
Quoting danc
Hard down..Hey V..???..i got a good earn on way down..got this area marked as strong resistance so took a possie.... a bit of a punt.. got stop 9535.. wot the hell.... any how your chart .. easy to see wasnt it??
A quick look at D chart shows why this is a tough area to break. I have 9535 as a D low so bounce could be anywhere around here. For now I will just watch what happens but if that low breaks (and your stop area) could see some big stops tripped.
  • #7,404
  • Aug 29, 2017 3:13am Aug 29, 2017 3:13am
Quoting Vantage
{quote} A quick look at D chart shows why this is a tough area to break. I have 9535 as a D low so bounce could be anywhere around here. For now I will just watch what happens but if that low breaks (and your stop area) could see some big stops tripped.
Mmmh bounce not happening and vol not spiking as you would expect to see below 11950. Still waiting................
  • #7,405
  • Aug 29, 2017 3:17am Aug 29, 2017 3:17am
Quoting Vantage
{quote} Mmmh bounce not happening and vol not spiking as you would expect to see below 11950. Still waiting................
OK for now I think I am done until an hour or so before US session. When DAX decides it wants to drift better to avoid the chop. GU and GJ not agreeing at the mo so will do a little work.
  • #7,406
  • Aug 29, 2017 3:26am Aug 29, 2017 3:26am
Quoting Vantage
{quote} A quick look at D chart shows why this is a tough area to break. I have 9535 as a D low so bounce could be anywhere around here. For now I will just watch what happens but if that low breaks (and your stop area) could see some big stops tripped.
I didn't have the guts to sell again but obviously the stops got taken out.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M1.png Size: 37 KB
  • #7,407
  • Aug 29, 2017 3:27am Aug 29, 2017 3:27am
Quoting Vantage
{quote} Mmmh bounce not happening and vol not spiking as you would expect to see below 11950. Still waiting................
And now we know why this was happening. Danc your buy was a little early and suspect the bounce will come from 11900.
  • #7,408
  • Aug 29, 2017 3:45am Aug 29, 2017 3:45am
so much for that...
  • #7,409
  • Sep 29, 2017 5:40am Sep 29, 2017 5:40am
I was asked if I can (a) post a little more frequently and (b) give an idea of what my daily routine is.

(a) OK will try.
(b) routine is check FF for high news events. Have a look at D chart for SR levels for turns or to try and assess a direction for the day (HL/LH's, candle breaking range for example). Have a look at 1hr for shorter term SR areas. Today on D GU I have a possible SR general area 1.3350 from the body highs from July 16, high from Aug 16. The 1hr shows a possible S area at todays D pivot/low from the 26th, S1/W M1/low from 27th and of course Y's low. Because this is done every day its not a major thing most days its literally a minute or two.

Please note it does not mean I won't sell into a SR level but I do want my entry rules to be there and I'd like a little gap e.g. 10 pips or so that I can hopefully get to BE. I will also look at the Asian range for test of range/break and test of range entries.

Then its waiting for trade rules to line up from 5 min charts GU/GJ agree, HL/LH, 1st trade cross of LWMA, 3 bar reversals, candles with little/no wick in direction of trade.
Attached Image(s) (click to enlarge)
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  • #7,410
  • Sep 29, 2017 10:32am Sep 29, 2017 10:32am
Exactly how many times does this setup happen in a 10 year period? I suspect not many. At least it conserves capital because you'll be making very few trades per year.
  • #7,411
  • Sep 29, 2017 2:14pm Sep 29, 2017 2:14pm
Quoting RFMagus1
Exactly how many times does this setup happen in a 10 year period? I suspect not many. At least it conserves capital because you'll be making very few trades per year.
The items from my point b above post are merely to look at the SR areas. The trade rules are GU/GJ agree, HL/LH, 1st trade cross of LWMA, 3 bar reversals, candles with little/no wick in direction of trade.

Even just looking at GU/GJ its pretty much every day.
  • #7,412
  • Sep 29, 2017 2:25pm Sep 29, 2017 2:25pm
Monday. 10.40 chart time and then just after US open.

GU/GJ agree, HL/LH, 1st trade cross of LWMA, 3 bar reversals, candles with little/no wick in direction of trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY+M5.png Size: 37 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 37 KB
  • #7,413
  • Sep 29, 2017 2:40pm Sep 29, 2017 2:40pm
Tuesday after Frankies open HL's, after LO its LH's all the way. US open its HL's.

GU/GJ agree, HL/LH, 1st trade cross of LWMA, 3 bar reversals, candles with little/no wick in direction of trade.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPY+M5.png Size: 41 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 35 KB
  • #7,414
  • Sep 29, 2017 2:48pm Sep 29, 2017 2:48pm
Wednesday. Could have been a frustrating day. GU ran much better down on the LH after Frankies open, then 11.30 chart time nice HL on GJ but GU below ma still so not quite agreeing.

GU/GJ agree, HL/LH, 1st trade cross of LWMA, 3 bar reversals, candles with little/no wick in direction of trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY+M5.png Size: 36 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 42 KB
  • #7,415
  • Sep 29, 2017 2:52pm Sep 29, 2017 2:52pm
Thursday 11 chart time LH. 12.45 and 13.20 HL's.

GU/GJ agree, HL/LH, 1st trade cross of LWMA, 3 bar reversals, candles with little/no wick in direction of trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY+M5.png Size: 42 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 37 KB
  • #7,416
  • Sep 29, 2017 2:57pm Sep 29, 2017 2:57pm
Quoting RFMagus1
Exactly how many times does this setup happen in a 10 year period? I suspect not many. At least it conserves capital because you'll be making very few trades per year.
And today, nice LH's after the UK news (11.30 chart time).

GU/GJ agree, HL/LH, 1st trade cross of LWMA, 3 bar reversals, candles with little/no wick in direction of trade.

Thats a lot of trade chances in a week and thats just GU/GJ.
Attached Image(s) (click to enlarge)
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  • #7,417
  • Sep 30, 2017 8:33pm Sep 30, 2017 8:33pm
hi guys

I have a one quick question - if you're looking for a higher low or lower high, price must break a previous swing or not? because if I'm looking for a higher low for example, for me price must break the previous high, make a pullback and if a higher lower is made, then I enter the trade, but sometimes it's too late or against the trend

is this correct or we just enter on the first higher / lower swing?

I also tried to trade H1 candlestick patterns on M5, but there aren't too many good setups...



thanks in advance for the answer
Trade or not to trade - that is the question...
  • #7,418
  • Oct 1, 2017 12:45am Oct 1, 2017 12:45am
Quoting freakout
hi guys I have a one quick question - if you're looking for a higher low or lower high, price must break a previous swing or not? because if I'm looking for a higher low for example, for me price must break the previous high, make a pullback and if a higher lower is made, then I enter the trade, but sometimes it's too late or against the trend is this correct or we just enter on the first higher / lower swing? I also tried to trade H1 candlestick patterns on M5, but there aren't too many good setups... thanks in advance for the...
See the two "attached image" links on the first post. The first HL/LH is at a turn in price at the end of a run (or at London open after a small fake out move), those that follow will more than likely be a break of a swing high/low. Even after a bit of a run if there is a weak CT move pre/early US session a resumption of the London session trend can just as easily resume. After US open (red line on above charts a different issue).

What H1 candle stick patterns do you mean? I looked at many many patterns and got down to the 3 bar reversal (description in 1st post) which became a decent catch many patterns solution.
  • #7,419
  • Oct 1, 2017 2:20am Oct 1, 2017 2:20am
Hi Mr V

Just read your update to post 1 and its now, as far as I'm concerned, officially the best thread ever to grace the pages of FF.......

if anyone wants to know how to become a successful trader then study the new post 1 on this thread, it will work on any timeframe and any market you care to mention, its all you need to trade any market. However you will need a few hours of chart time with the right mindset and then add a spoonful of money management and you will have the perfect recipe for success...

Bravo Mr V awesome thread......
Feel the Fear and do it anyway!!!
  • #7,420
  • Oct 1, 2017 3:08am Oct 1, 2017 3:08am
Quoting clivepackham
Hi Mr V Just read your update to post 1 and its now, as far as I'm concerned, officially the best thread ever to grace the pages of FF....... if anyone wants to know how to become a successful trader then study the new post 1 on this thread, it will work on any timeframe and any market you care to mention, its all you need to trade any market. However you will need a few hours of chart time with the right mindset and then add a spoonful of money management and you will have the perfect recipe for success... Bravo Mr V awesome thread.........
You are way to kind Clive but cheers never the less.
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