Fairly quiet this am so I was happy to take this trade and be out with 20 pips. 1hr candles showing down, 5 min was showing a lh, entry off 1 min lh.
How to program Higher-High Higher-Low 19 replies
What are Higher High, Higher Low, Lower High and Lower Low? 10 replies
Higher High/Higher Low indicator conversion from 4 to 5 decimals. Help anyone? 2 replies
Can u point me to code 2 show each bar with a higher high & higher low? 2 replies
DislikedAlso Harold4x's the key to the mint has some interesting points http://www.forexfactory.com/showthread.php?t=57116 have a look around see what grabs your fancy. There are aspects of Harold4x that I like and some that I don't.
I do like the idea of using the Stoch DiNapoli on the 5 min waiting for a crossing and using 1 min 34 ema slope for entries.
Buys = 5 min stoch cross up. 1 min entry hl with 34 ema slope 45 degrees (approx) up (think of 45 degrees up as buys and 45 degrees down as sells) and price crossing 5 ema.
Sells = 5 min stoch cross down. 1 min entry lh with 34 ema slope down and price crossing 5 ema.
Yes you might say just wait for 1 min to slope and then trade, fair enough its whatever works visually for you.
Hl's and lh's remains the visual trigger for me and I'm happy to tinker here and there if anything jumps up and grabs me. So no changes to system as yet.Ignored
DislikedHi jtrade
You could have virtually anything as a trigger but if you wait for 1 min 34 ema sloping up or down and trade the lh's and hl's as has been shown numerous times here and by Islander (psych levels, pivots and trendlines revisited), its a winner.
So for me personally its business as usual from the original system i.e. I want a 1hr candle to give me direction for 1st trade of day hl/lh from 5 min candle. Thereafter re-entry generally off 1 min chart where you'll inevitably see a good angle up/down on 34 ema.Ignored
DislikedI was doing some other work and on a couple of threads and missed these. They do however give a fantastic illustration of the simplicity of the hl/lh trades.
It wouldn't have mattered what the set up was from a higher chart, the outcome was a good angle up on 34 ema 1 min chart and a series of hl's that provide great entries with small stops. These kinds of runs happen several times per day.
This is just 1 trading idea that works well and should be in the arsenal of any trader, well thats my opinion.
As I say if my wife wants my opinion she'll give it to me!!!Ignored
DislikedVantage,
Currently Im up on my account since the 20th October by 167 pips with only one loss of 20 pips.
Yeah all right its not much by many peoples standards but I only go for a 20/20 risk reward ratio, its just that I like to see the account grow steadily instead of massive ups and downs!Ignored
DislikedI have been enjoying this thread. I thought I would share 2 trades that I made this morning on GBP/USD using your system. As the 8:00 am (NY time) one hour bar closed I noticed it was an Inside Bar. I went to the 5 minute chart and the 9:00 5 minute bar closed below the 5 ema. I entered and hit my target of 20 pips. Then the 9:00 am one hour bar closed and it was a lower low and a lower high than the 8:00 one hour bar. So I once again switched to the 5 minute chart and entered at the close of the 10:00 am 5 minute bar which was below the 5 ema. Again my 20 pip target was hit. A nice 40 pip morning. Thanks VantageIgnored