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Higher low, lower high system

  • #441
  • Jun 16, 2009 5:14am Jun 16, 2009 5:14am
V - I'd love to help you, but I am so old that sometimes I forget my name (although that is usually after 27 beers). Any EA needs to trade only in the active times, I believe, and that should include the hour before FO.

Thanks for your continued support for both threads - they have certaintly helped me a lot.
  • #442
  • Jun 16, 2009 5:27am Jun 16, 2009 5:27am
Quoting orientos
V - I'd love to help you, but I am so old that sometimes I forget my name (although that is usually after 27 beers). Any EA needs to trade only in the active times, I believe, and that should include the hour before FO.

Thanks for your continued support for both threads - they have certaintly helped me a lot.
No problem, asian session can be very good also.
  • #443
  • Jun 16, 2009 5:33am Jun 16, 2009 5:33am
Just showing as examples didn't trade eu this am.

1st trade on left a 15 pip stop would have just kept you in. 2nd chance was a nice trade. 3rd from left is a red candle and I wouldn't take a signal for a buy on a red candle.

3rd line from right theres no lh so I wouldn't take that trade, an ea wouldn't know the diff of course. A couple of good chances follow.
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  • #444
  • Jun 16, 2009 5:42am Jun 16, 2009 5:42am
Again I was on gu this am so just showing ej as example.

The left signal went marginally higher but there is divergence on rsi and stoch so its debatable if that trade would have been taken. The next two highlighted possibilities are those where theres a signal and price moves on 1 pip to trigger trade.

All in all hl's, lh's using Mrs V's TLv4 with 1 pip beyond signal candle as entry confirmation worked very well.
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  • #445
  • Jun 18, 2009 4:31am Jun 18, 2009 4:31am
Hi Mr V,
I too was thinking a audio warning would be useful, so I will see if I can find any code that I can add in to do that. However, bear in mind, I am a beginner at programming and forex, so I haven't got as far as the page in the manual (what's one of them?) that covers an EA . So an EA is beyond me for now. And O. , never mind the 27 beers, I am so old that I drink three quarters of a beer, knock over everybody else's, forget my name, and then can't even finish the rest...
  • #446
  • Jun 18, 2009 5:42am Jun 18, 2009 5:42am
..........and I thought I had problems! Anyway R. thanks for your work (although I had a rare loss tonight). Cheers.
  • #447
  • Jun 23, 2009 3:00am Jun 23, 2009 3:00am
Off sick for a week, a nice first trade back.

GU in downtrend on hourly, lower high inverted hammer reject of 1.6300. Entry at 1.6290 from 1 min http://www.forexfactory.com/showthre...=1#post2822107 exit at 1.6250 for 38 pips.
Attached Image (click to enlarge)
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  • #448
  • Jul 6, 2009 10:14am Jul 6, 2009 10:14am
Seeing as I'm new to all this hl lh business, I wonder if you would be kind enough to have a look at these charts from this afternoon?
I've marked 13:00 14:00 and 15:00 candles on the 1H chart, and then the corresponding candles on the 5m chart.
I'd appreciate you running your experienced eye over them and pointing out each (if any) trading opportunity after the relevant hour chart.

I've indicated with a downward candle where I think there's 2 opportunities, so maybe you could correct me if I'm wrong. Also, mate, I'd appreciate a quick analysis of the corresponding volume under each area I've mentioned.

Sorry to bother you, mate, but your valuable insight would be very helpful.
Cheers
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  • #449
  • Jul 7, 2009 3:42am Jul 7, 2009 3:42am
Quoting eyevoltage
Seeing as I'm new to all this hl lh business, I wonder if you would be kind enough to have a look at these charts from this afternoon?
I've marked 13:00 14:00 and 15:00 candles on the 1H chart, and then the corresponding candles on the 5m chart.
I'd appreciate you running your experienced eye over them and pointing out each (if any) trading opportunity after the relevant hour chart.

I've indicated with a downward candle where I think there's 2 opportunities, so maybe you could correct me if I'm wrong. Also, mate, I'd appreciate a quick analysis...
Hi EV
Once my set up is there on hourly I'm not waiting for each hourly candle to close.

I'm also looking in uptrend for a closed green candle (or a hammer, doji but you definitely don't need my help with those!!!). Following the hourly close I've highlighted the 3 hl closed green candles I see.

The first in the move is invariably the 'best' one to take. If it looks like a wave, rolling down/up so much the better.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 5 min 2.gif Size: 24 KB
  • #450
  • Jul 7, 2009 4:45am Jul 7, 2009 4:45am
Quoting Vantage
Hi EV
Once my set up is there on hourly I'm not waiting for each hourly candle to close.

I'm also looking in uptrend for a closed green candle (or a hammer, doji but you definitely don't need my help with those!!!). Following the hourly close I've highlighted the 3 hl closed green candles I see.

The first in the move is invariably the 'best' one to take. If it looks like a wave, rolling down/up so much the better.
Thanks, mate, very helpful and I'm much obliged.
Cheers
  • #451
  • Edited 2:06am Jul 17, 2009 1:49am | Edited 2:06am
When the daily gives such clear direction it does make things much easier. The last few days have been pretty much buys only on gu after the big hammer 4 days ago. With yesterdays doji hesitation candle it could go either way.

The hourly (not shown) has had two big wick shooting stars, so my thinking was down.

First trade of the day, on 5 min the orange 252 ema (roughly = 1 hr 21 ema) is sloping down, a big evening star pattern followed by a shooting star, a sell at 6379. If this was missed there was another lh close at 6366.

Exit at D M1 nice first trade (6325).

With such evidence for a fall I have no interest in buying, that would change if hourlies turn around. So when focus on is one direction it then becomes when do you get in.
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  • #452
  • Jul 20, 2009 5:02am Jul 20, 2009 5:02am
I have posted this trade elsewhere but just showing here to keep this thread ticking over.

GU 1 hr, hammer reject of D M3, price above HAMA (21 ema) so just thinking buy. HL after LO buy at 6435. Exit at 38% ext of Fri's high. Missed the re-entry push up to 62% ext of Fri's high at 6514.
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  • #453
  • Jul 30, 2009 2:46am Jul 30, 2009 2:46am
Eur 1hr chart for yesterday. A very good example of following 1 hr chart. A big hammer suggested up for the day, no trades for an hour or two and the lower close shooting star suggested sells and some good opportunities followed.
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  • #454
  • Jul 30, 2009 2:50am Jul 30, 2009 2:50am
GU 1 hr had a hesitation candle and then a big positive close. We were just looking for buys, bought 6438 after the hammer, exit for + 40.

As we speak with 10 mins to go to hour close we seem to be forming a big shooting star and we'll just be looking to sell (provided it stays that way). We'll see what transpires.
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  • #455
  • Jul 30, 2009 3:05am Jul 30, 2009 3:05am
Shooting star on 1 hr didn't transpire so we have a fib ext of y's high at 6515 and W M3 at 6527 so they are my targets now, just got to find an entry .....................
  • #456
  • Jul 30, 2009 3:13am Jul 30, 2009 3:13am
Afer that the weekly pivots the obvious targets.
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  • #457
  • Edited 4:48am Jul 30, 2009 4:19am | Edited 4:48am
An entry did come after the hammer, exited +31, have a few things to do and coming to possible quiet time so I'm out.

Still looking long with the above mentioned targets unless of course an hourly reversal candle comes along.
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  • #458
  • Jul 30, 2009 4:35am Jul 30, 2009 4:35am
For what its worth I've reworded the 1st post. I hope that I've emphasied the importance of following the 1 hr chart more than may have been the case originally.
  • #459
  • Aug 3, 2009 12:28am Aug 3, 2009 12:28am
Quoting Vantage
Afer that the weekly pivots the obvious targets.
Didn't expect that quite so quickly!!!
  • #460
  • Edited 4:40am Aug 3, 2009 4:26am | Edited 4:40am
First trade eu sell out for -11. Hourly had lower closes and a lh on 5 min, classic system trade that didn't follow through.
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