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Higher low, lower high system

  • #161
  • Oct 3, 2008 12:30am Oct 3, 2008 12:30am
Hi all. Vantage, nice work here! I'm also using almost same system with a good result about 2 years. BTW don't you think of using UJ pair for the round number?
  • #162
  • Oct 3, 2008 1:02am Oct 3, 2008 1:02am
Quoting ithorror
Hi all. Vantage, nice work here! I'm also using almost same system with a good result about 2 years. BTW don't you think of using UJ pair for the round number?
Hi ithorror
Welcome, if you've got any set ups etc or anything else to contribute please feel free.

I did have UJ and UC up at a stage and watched 5 currencies. I just got better results when I cut from 4 and then to 3 currencies. I felt that EJ runs well so kept that.

If you see likely set ups on UJ or others again you're welcome to post.
  • #163
  • Oct 3, 2008 1:24am Oct 3, 2008 1:24am
Anybody help. How can I attach a pics here?
  • #164
  • Oct 3, 2008 1:25am Oct 3, 2008 1:25am
thx for sharing ur system
  • #165
  • Oct 3, 2008 1:32am Oct 3, 2008 1:32am
Quoting ithorror
Anybody help. How can I attach a pics here?
If using mt4 right click on the chart go to save as picture. This saves to my desktop. When posting a reply scroll down to manage attachments, once thats open click on browse, search desktop and click on the saved file. Click upload, once its showing as uploaded close manage attachments window and submit reply.
  • #166
  • Oct 3, 2008 1:36am Oct 3, 2008 1:36am
Quoting fxaus
thx for sharing ur system
Did a quick grab of 8 pips here lh bounce from a round number off 1 min.
Attached Image
  • #167
  • Oct 3, 2008 1:48am Oct 3, 2008 1:48am
Quoting Vantage
If using mt4 right click on the chart go to save as picture. This saves to my desktop. When posting a reply scroll down to manage attachments, once thats open click on browse, search desktop and click on the saved file. Click upload, once its showing as uploaded close manage attachments window and submit reply.
Thx Vantage. Looks like my browser doesn't want to upload images. So use IE.
Ok. Here I take 20 pips on EJ. H1 and M5 tf
Attached Image (click to enlarge)
Click to Enlarge Name: ejm5.gif Size: 15 KB
Attached Image
  • #168
  • Edited 2:42am Oct 3, 2008 2:06am | Edited 2:42am
Quoting ithorror
Thx Vantage. Looks like my browser doesn't want to upload images. So use IE.
Ok. Here I take 20 pips on EJ. H1 and M5 tf
Nice.

Just after this all 3 currencies have made lower lows and then lh's so sells on from here. Where price touched the pivot/34 ema at 145.90, that low is lower than the previous low at 146.00. The first indication that up cycle may be broken. When it failed to make a new high then sells are on.
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  • #169
  • Edited 2:22am Oct 3, 2008 2:11am | Edited 2:22am
Sold jpy.

Sorry loaded the wrong chart earlier, as mentioned all 3 had lh's so sells were on. Sold break on 1 min chart. When eur was struggling to go through 1.38 this caused bounce on jpy, exit 33 pips.
Attached Image
  • #170
  • Oct 3, 2008 2:45am Oct 3, 2008 2:45am
Hi Vantage - just found your thread - lol, we're trading similar ideas here:

http://www.forexfactory.com/showthre...25#post2256125

I was late getting up this morning and so missed the great sell at the mini double top....http://www.forexfactory.com/images/icons/icon8.gif

I'm now long from the bounce off the daily pivot....

Edit: I too drop down to the 1 min that makes my 34 ema (aqua) useful for picking up an early reversal if I've missed it - it also helps keep me in a trade.

The 1 min showed a clear double bottom at the low....
Attached Image (click to enlarge)
Click to Enlarge Name: oct 3 gbpusd 5m 0940.gif Size: 12 KB
Trading Levels with WRBs
  • #171
  • Oct 3, 2008 3:18am Oct 3, 2008 3:18am
Quoting Islander
Hi Vantage - just found your thread - lol, we're trading similar ideas here:

http://www.forexfactory.com/showthre...25#post2256125

I was late getting up this morning and so missed the great sell at the mini double top....http://www.forexfactory.com/images/icons/icon8.gif

I'm now long from the bounce off the daily pivot....

Edit: I too drop down to the 1 min that makes my 34 ema (aqua) useful for picking up an early reversal if I've missed it - it also helps keep me in a trade.

The 1 min showed a clear double bottom at the low....
Thanks for stopping by. Come back anytime.

In this threads short but sweet history I've put in 2 references to the above thread which has a couple of good traders (yourself included) posting good naked trades.

I have focused on lh's and hl's here (with bounces from pivots, round numbers) and will continue to do so but I love what you're doing there and will pop in regularly and would encourage others to do so.

Nakeds the way to go!!

Cheers.
  • #172
  • Oct 3, 2008 5:11am Oct 3, 2008 5:11am
Just got back to my 'puter and thought I'd post this chart 'cause of the lower highs.....http://www.forexfactory.com/images/icons/icon12.gif

The 34 ema works well here too.....

Edit: FYI, the thicker red and green lines are alarmed TLs and the thin red and blue are also on chart alarms - helps me tracking multiple pairs...
Attached Image (click to enlarge)
Click to Enlarge Name: oct 3 gbpusd 1m 1010.gif Size: 19 KB
Trading Levels with WRBs
  • #173
  • Oct 3, 2008 5:20am Oct 3, 2008 5:20am
Quoting Islander
Just got back to my 'puter and thought I'd post this chart 'cause of the lower highs.....http://www.forexfactory.com/images/icons/icon12.gif

The 34 ema works well here too.....

Edit: FYI, the thicker red and green lines are alarmed TLs and the thin red and blue are also on chart alarms - helps me tracking multiple pairs...
Very nice.

I've also been out, after a more than acceptable morning I was taking a break ahead of NFP.
  • #174
  • Oct 3, 2008 9:20am Oct 3, 2008 9:20am
Vantage,

Thanks for an informative thread.

I wonder if you would expand a bit on your use of the 34 EMA.

Also, unlike the 5 EMA, you don't appear to have offset it to right 3 bars. Correct?

Regards.

dwt
  • #175
  • Oct 3, 2008 4:14pm Oct 3, 2008 4:14pm
Quoting Vantage
Hi Nutmg12
Are you currently trading with indicators still?

Sorry Vantage,
I couldn't wake up last night after the debate here in the US. I'll be back on Sunday night.

I must have missed this post the other night. I have never traded with indicators. I've tried as many of them as I could find over the last couple years but I've never been comfortable with them.

Trend lines, Fibs, MA's are more in my comfort zone.

Oh and price.
  • #176
  • Oct 4, 2008 1:27am Oct 4, 2008 1:27am
Quoting dwt
Vantage,

Thanks for an informative thread.

I wonder if you would expand a bit on your use of the 34 EMA.

Also, unlike the 5 EMA, you don't appear to have offset it to right 3 bars. Correct?

Regards.

dwt
Pleasure, hope it helps.

Its a straight 34 ema on close, the 5 ema has 3 shift applied to close.

The hl, lh remains the basis of the system but as per this example the gold 34 ema gives some great visual help seeing this. Its just an aid. If everything lines up as per the first post I'll trade if the 34 ema is supporting like the example shown all the better.
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  • #177
  • Oct 4, 2008 1:30am Oct 4, 2008 1:30am
Quoting nutmg12
Sorry Vantage,
I couldn't wake up last night after the debate here in the US. I'll be back on Sunday night.

I must have missed this post the other night. I have never traded with indicators. I've tried as many of them as I could find over the last couple years but I've never been comfortable with them.

Trend lines, Fibs, MA's are more in my comfort zone.

Oh and price.
OK, feel free to weigh in with fibs as retracements especially where they coincide with pivots, round numbers as possible hl, lh counter trend trades.
  • #178
  • Oct 5, 2008 10:55pm Oct 5, 2008 10:55pm
Hi Van,

Did a bunch of VHands on this system over the weekend, and starting to demo trade it.

This is a picture of EJ in Asian session, it was in freefall mode, I looked for 1 min pullbacks on the way down, and this one brought up a question...

Sell or no sell? I like the strong down market for yen, so I wanted to sell, but I held off because of the higher high. Your thoughts, please.

Thanks for your input.

VBro
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 9 KB
  • #179
  • Oct 5, 2008 11:02pm Oct 5, 2008 11:02pm
Hi Van,

Having some issues with the candle pattern indicator, it doesn't update recent candles, unless I open up the 'edit preferences' window and then close it.

Any ideas?

Tanks,

VBro
  • #180
  • Oct 6, 2008 12:41am Oct 6, 2008 12:41am
Quoting vbro
Hi Van,

Having some issues with the candle pattern indicator, it doesn't update recent candles, unless I open up the 'edit preferences' window and then close it.

Any ideas?

Tanks,

VBro
Just delete the indicator and reload or if you have saved as a template just reload the template again.
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