Higher low, lower high system

I was not in front of the computer for this but I do like the hour or so before the US open.

Multiple tops at today's open 1.3555, move through the ma, then a few LH's 3 bar reversal sells, GJ agreeing. Gotta love it.

OK so you have the move down through the ma from 1.3560 to 1.3541. At that stage you are still arguably on a HH HL cycle but you are below the ma so that may give you pause if you wanted to buy again (no close above ma, no 3 bar buy signal). There are three highlighted closes below the ma that confirm a move up has failed and signal lower highs (also have little/no lower wicks) that give an opportunity to sell. 3 bar reversal sell signals all over the place.

I have an alarm on my phone (11.30 chart time) specifically to check IF London open moves have been minimal then a move from that time is a high probability. There is no high impact news at the time 11.30. Anyway a great example, not taken I was not in front of the computer for this one.

Lower high, 3 bar sell, GU agreeing, little lower wick sell around 145.22.

A friend asked me to post a trade I did get and not just the example of what I didn't (he is taking the p*ss) even if it was per the rules. I haven't traded this morning but yesterday I got 75 ish from Dax moves (he did more, trades longer than I do).

Right on LO green line there is a hammer and price moves back up to 145.50 area. Sideways/down drift follows to 11.20 chart time with another hammer giving a double bottom to the LO low. If there are really buyers there why no move back up to 145.50 and higher? The 11.30 negative close lower confirms the lower high for me. I don't care if the test of the range has held IMHO if there is no move up from there its a sell (if rules agreeing). If there were really buyers here why no move up again? In this case the fact that the LO moves have been small adds weight to the sell.

You might choose to sell the break of the low at 145.20.

I wasn't in front of the computer for the LH at the LO green line. Did get the one shown for +15 exited after volume came in.

The RSI 3 is there for a reason looking to automate a scalp method in (short term) trend.

Musings on how I view the market. Apart from the fact that we are below the MA's and had another LH at LO, when price comes down to 12500 and has a positive close 12508 ish I don't know if we are headed up and the 12500 level will be a HL. The close below 12500 10.03 chart time forms a mini LH which would give me hope of a move down.

Same thing with the trade I entered. Between 10.07 and 10.18 we have several HL's so I have no idea if the move lower is finished. The 10.19 negative close candle made another DT/LH and suggested the move lower was not finished.

RSI,,3 Hey ???

Early days yet but at least it can be automated fairly easily. I am baby steps in ea journey.

A combo of lower highs and breaking through key levels.

Playing around with RSI 3 move below 60 level for a sell or RSI 13 break below 40 level for the sell.

On the subject of RSI entry options.

When I get a little time I'll try and write this ea. Don't know with my useless skills but will be looking for correctly stacked ma's (75 and 10 lwma's) separation between ma's (8 pips/10 pips no idea if thats possible), maybe need to say 75 lwma must have moved up for each of last (say) 10 candles (can be back tested and by definition if 75 moving up and there is an X pip gap between 10 + 75 ma's then you must have angle and separation - I think), then the options (1 or both), 9 RSI move above 60 level and/or RSI 3 move above 40 level. We'll see.

Obviously this is the perfect example.

TDI ??looks to work with rsi 3/9 ?? just looking..just saying ..not poking my nose in

No idea what the tdi settings are. Of course I am looking for rsi to cross a level as opposed to tdi crossing a (I'm guessing) a ma.

Nice angle up on the 75lwma, pull back below + break above the 10lwma, RSI level cross up, exit after the pause at R1 for +30.

I did try and stack another entry after the close above 450 but there was a spike, didn't get a good price and exited at the same time as above for a couple of pips only.

Stacking works better some days than others. My first (and perhaps only as D targets more than met) trades for the day.

5 min 15lwma clearly showing way down and LH LL in tact. 2 x 5 min hammers gave me pause and at that stage 1 min was in a triangle. Price could not follow through higher and 5 min closed with 3 bar rev down indicated by the red line (white arrow down next to it). LH again and clearly also on 1 min. 1 min triangle break lower - in trend - so was happy to sell. Small LH followed on 1 min at 12000, waited for break below RN for stacked entry. Moved first trades TP lower, 2nd trade TP was just above S2 and I was happy to exit 1st trade there also. +24 and +52 for $852. Missed the re-entry sell typing this but no worries done for now due to the size of mornings move and gapped open.

As it happens 1st entry TP 11956 (you might just make out the blue line below 1st sell) did get hit but heck not complaining.

A friend asked why I took the 2nd trade below 12000 right on the previous low 10.36 chart time. A combo of the clear 5 min LH LL, 25 ish pips up on 1st trade, the small bounce at 12000 that failed immediately, 5 min neg close with no lower wick. Here it worked well but there are obviously times when it doesn't and then you have full lots (here was 2 x 10 on DAX) that reverse against you.

using monday bar ..using h/l/o/c..worked well on 5 min ..just as matter of interest..

Not following what you mean here.