Higher low, lower high system | Page 49 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What are Higher High, Higher Low, Lower High and Lower Low? 11 replies

How to program Higher-High Higher-Low 19 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

High to High and Low to low time cycles 1 reply

Attachments: Higher low, lower high system
Exit Attachments

Higher low, lower high system

  • #961
  • May 13, 2010 3:56am May 13, 2010 3:56am
Yes - I have often seen Islander talk about the fake-outs. And I have got to work on understanding candles better. Thanks again.
  • #962
  • May 13, 2010 3:56am May 13, 2010 3:56am
We have now run down 140 pips so whilst we have another poss hammer low failure after that run down and missing the 2nd portion of it I'm a lot more concerned to take it now.

Being 35 up and risking 15 is a lot different from being 85 up and risking 15 - when a 140 pip run has already happened.

Might be done till US in a couple of hours.
  • #963
  • May 13, 2010 4:15am May 13, 2010 4:15am
Quoting orientos
Yes - I have often seen Islander talk about the fake-outs. And I have got to work on understanding candles better. Thanks again.
A pleasure.

Believe me the list of things I'm useless at trading wise is massive. There are a few things I can do and it took a long, long time to mould them into a system (dabbled prob about 5 years before going full time and thats actually where the learning curve kicked up big time). Trading comes easy to some, it didn't for me, it was tough.

I'm pretty happy that the boss (Mrs V) and I have pretty much got there with something that with a little patience and discipline really can give pips every day (almost). For us at least it works.

One of my failings is I can run chicken too easily as the last 30 pip move down just demonstrated. I have a rule of take every one if you've taken every one. Having missed a big portion of move wasn't happy to take last one after 140 pip run.

Anyway Mrs V sick and wants coffee/snack. My 83 odd diabetic brain tumour surviving mum (still gotta say wow at that one) wants coffee and a snack so I'm outta here for a little while.
  • #964
  • May 13, 2010 4:36am May 13, 2010 4:36am
If you are still in 4710-20 could be a very tough area. Fairly clear on D chart.
  • #965
  • May 13, 2010 5:23am May 13, 2010 5:23am
Finished trading for the day, or night in my case, here in Australia. Nice to see you are looking after the 2 most important females in you life. Good stuff.
  • #966
  • May 13, 2010 8:31am May 13, 2010 8:31am
Quoting orientos
Finished trading for the day, or night in my case, here in Australia. Nice to see you are looking after the 2 most important females in you life. Good stuff.
But I lost my Staffie Bull terrier some time ago, oh now I get you ........
  • #967
  • May 13, 2010 7:41pm May 13, 2010 7:41pm
V. could you clarify a comment from #963. Is your rule to take only the first HL/LH in a trend? (Of course you never know how long the trend will run - it might have 2/3/4 pullbacks, but every trend must end sometime.)
  • #968
  • May 14, 2010 1:33am May 14, 2010 1:33am
Quoting Vantage
I have a rule of take every one if you've taken every one. Having missed a big portion of move wasn't happy to take last one after 140 pip run.
Hi O
I think you mean the above.

The opposite of I only want to take the 1st one. If I have taken every hl/lh move in a series I'll keep on taking every correct set up risking 15 pips. The risk increases with every hl/lh taken as the run progresses and you are generally assured of the run ending in a counter hl/lh. You'll either get stopped out straight away or maybe get BE if the run ended as a dble bottom/top.

So yesterday got the 1st move, tried for 2nd and lost connection and missed out. If I HAD got in on the 2nd I'd have taken the 3rd even though the move had at that time gone 140 odd pips. However as I missed out on the 2nd trade I was reluctant to take the next lh even though it was a valid set up as the move down was so large at that time.

Thats what I meant by I'll take every move if I've taken every move ie I'm more comfortable risking 15 the more I'm up. Thats just me, I suspect I'm more conservative than many.
  • #969
  • May 14, 2010 1:45am May 14, 2010 1:45am
Got it now, thanks V. Explained so that even I can understand it.
  • #970
  • May 14, 2010 2:12am May 14, 2010 2:12am
Quoting Vantage
Just tried to sell again and got no connection, crappy SA overpriced crappy internet. So many things here are world class (you'd be surprised sometimes world leading) but crappy monolopy style rip off internet isn't one of them.

I just wish I'd jump off the fence on this issue.
Morning all,

Just fyi, I think it was an FXPro issue as the same thing happened here, ie lack of data at UK news time.
Attached Image (click to enlarge)
Click to Enlarge Name: 100513 0811 GU loss of data.png Size: 18 KB
  • #971
  • May 14, 2010 2:16am May 14, 2010 2:16am
Same gap here with FXPro. My other MT4 charts with FXDD were fine.
  • #972
  • May 14, 2010 2:26am May 14, 2010 2:26am
Quoting orientos
Same gap here with FXPro. My other MT4 charts with FXDD were fine.
Ooooooh no I love fxpro thankfully they don't have too many issues. Pls do not use the name FXDD on this thread again, , never lost so much with requotes in my life. I got into every losing trade and requoted out of every winner or so it seemed!! Couldn't get away from them quick enough.
  • #973
  • May 14, 2010 2:30am May 14, 2010 2:30am
I often get asked when I use 1 min lh/hl entries. 2nd lh/hl at a key point is one, 15 min classic good candle eg shooting stars hammers next 1 min h/lh, when we have a move and trades above/below key level is another.

This is an example of the latter. I missed the 5 min shooting star above the even number, this move/wave lh below the even number. Not a system trade here so happy to exit with +21. I don't post these here as its not basis of thread but I've been asked.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 20 KB
  • #974
  • May 14, 2010 2:32am May 14, 2010 2:32am
Quoting Vantage
I often get asked when I use 1 min lh/hl entries. 2nd lh/hl at a key point is one, 15 min classic good candle eg shooting stars hammers next 1 min h/lh, when we have a move and trades above/below key level is another.

This is an example of the latter. I missed the 5 min shooting star above the even number, this move/wave lh below the even number. Not a system trade here so happy to exit with +21. I don't post these here as its not basis of thread but I've been asked.
Oh this trade had 1 of the small things I look for, the 1 min candle that set it up closed on low of range with little/no lower wick then carried on.
  • #975
  • May 14, 2010 2:33am May 14, 2010 2:33am
Quoting Vantage
Oh this trade had 1 of the small things I look for, the 1 min candle that set it up closed on low of range with little/no lower wick then carried on.
Just grabbed another 15 on next 1 min lh.
  • #976
  • May 14, 2010 2:36am May 14, 2010 2:36am
Another thing I get asked from time to time are my ROI's, every time I've done this before, for whatever reason, I go off the rails a little, I'll think about doing again. Those 2 little trades give 3.5% ROI for the morning so far.

The reason I say this yet again is that you don't have to hit a home run to do well. Yes of course when you do with these entries your days ROI becomes 8-14% region.
  • #977
  • May 14, 2010 2:50am May 14, 2010 2:50am
Don't know why we're waiting here 4544 ish, as islander says wait 20 mins and trade again meaning move maybe coming very soon.
  • #978
  • May 14, 2010 2:51am May 14, 2010 2:51am
I suspect we're headed for 4470 area, low from 7 May.
  • #979
  • May 14, 2010 2:57am May 14, 2010 2:57am
Re FXDD. I don't trade with them - just sometimes use their charts. My other broker is FXSolutions.
  • #980
  • May 14, 2010 4:27am May 14, 2010 4:27am
Took this one if it goes it goes, a trade where I wouldn't actually wait to hit a 15 pip stop if it doesn't. Stop at BE +10.

100% system but the 4540 area an issue.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 23 KB
9 traders viewing now