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Higher low, lower high system

  • #1,321
  • Jun 10, 2010 8:10am Jun 10, 2010 8:10am
Quoting zhdeef
I don't have MT4 so can't use the system indicators. Could someone with MT4 put ema21close & ema89close on a M5 chart and verify that it follows the mtf indicators for ema8 as per M15 and H1.

Thanks in advance.

Steve
Steve if your platform does not have linear weighted ma's have a look at this dog's dinner.

OK the blue is the normal 8 lwma. To approx this try a 9 ema on close - red ma. Or try a 5 ema 3 shift - light green. Both are quite close.

The yellow is normal 1hr 8 lwma. To approx try a 60 ema on close - white.
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  • #1,322
  • Jun 10, 2010 8:21am Jun 10, 2010 8:21am
Quoting Vantage
Steve if your platform does not have linear weighted ma's have a look at this dog's dinner.

OK the blue is the normal 8 lwma. To approx this try a 9 ema on close - red ma. Or try a 5 ema 3 shift - light green. Both are quite close.

The yellow is normal 1hr 8 lwma. To approx try a 60 ema on close - white.

Many thanks. My broker has good spreads but not so versatile platform as MT4.

I think I'll try those emas & see how it goes.

Steve
  • #1,323
  • Jun 10, 2010 8:57am Jun 10, 2010 8:57am
Bullish 1hr.Entered on break of highs.
Entry-1.46469
Close-1.46512
Attached Image (click to enlarge)
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  • #1,324
  • Jun 10, 2010 10:28am Jun 10, 2010 10:28am
Quoting khairul81
Bullish 1hr.Entered on break of highs.
Entry-1.46469
Close-1.46512
Tough luck, the next hl is the one that went.
  • #1,325
  • Jun 10, 2010 10:38am Jun 10, 2010 10:38am
so true Van..market having lunch i guess..haha
  • #1,326
  • Jun 11, 2010 6:22am Jun 11, 2010 6:22am
Over indulged a little in a late night pre World Cup thing. Not a good day by the looks of things for system didn't miss much. The opening ceremony is on soon and then SA play their 1st game. I hope they'll do well (normally a rugby/cricket person) fingers crossed.
  • #1,327
  • Edited Jun 12, 2010 2:48am Jun 11, 2010 6:55am | Edited Jun 12, 2010 2:48am
Quoting Vantage
Over indulged a little in a late night pre World Cup thing. Not a good day by the looks of things for system didn't miss much. The opening ceremony is on soon and then SA play their 1st game. I hope they'll do well (normally a rugby/cricket person) fingers crossed.
I really want South Africa to get out of its group, and the way France is playing it certainly seems possible. I'm really want all the African nations to do well, so hopefully they get off to a good start today!
  • #1,328
  • Jun 13, 2010 3:07am Jun 13, 2010 3:07am
Quoting Auron112
Second GU trade of the day. Interesting one so I thought I would share.

Tough day today. Three trades, all winners, but as anyone trading today knows it was very difficult to get a good number of pips on a single trade. No good runners today, but hopefully the lack of movement the last few days means some strong moves ahead. Getting my trailing stops ready...
Dear Auron,
I just realised that your o.p (1.4452) is different from mine (1.4469)
Am I confused? Anyone....pls commend.
Cheers.
  • #1,329
  • Jun 13, 2010 4:01am Jun 13, 2010 4:01am
Quoting lefteye
Dear Auron,
I just realised that your o.p (1.4452) is different from mine (1.4469)
Am I confused? Anyone....pls commend.
Cheers.
I set my pivots and daily open calculations for NY close rather than midnight, so that's probably the reason. I've seen cases made for both but the thinking is that the new day starts with Asia so those are the pivots they would use and those numbers would transfer over along with the order book to Europe and UK. Pretty sure I got the idea and initial explanation from Islander, who in turn got it from someone else. Seems to work for me.
  • #1,330
  • Jun 13, 2010 4:16am Jun 13, 2010 4:16am
Quoting Auron112
I set my pivots and daily open calculations for NY close rather than midnight, so that's probably the reason. I've seen cases made for both but the thinking is that the new day starts with Asia so those are the pivots they would use and those numbers would transfer over along with the order book to Europe and UK. Pretty sure I got the idea and initial explanation from Islander, who in turn got it from someone else. Seems to work for me.
Ok thanks, which indicator r u using then? that allow u to set? mind uploading it?

Oh Hang on, Is that SDX-Tzpivots?
  • #1,331
  • Jun 13, 2010 4:30am Jun 13, 2010 4:30am
Quoting lefteye
Ok thanks, which indicator r u using then? that allow u to set? mind uploading it?

Oh Hang on, Is that SDX-Tzpivots?
Yes, SDX-Tzpivots.
  • #1,332
  • Jun 14, 2010 1:32am Jun 14, 2010 1:32am
Took this GU long. Came up 15 minutes before FO. The 1hr had a shooting star followed by a doji, so I was fairly neutral there. 15min had two hammers in a row, both closing near the highs. Quite bullish. Lastly, what sold me was the series of HLs and the recent HH on 5min. Thought given the 5min candle close this was worth a shot long. Would have likely killed before a full stop if it came against me. Anyways, it took off, plowed through the 25 level with a strong 1min candle and kept on it's way to the 50 level. Given the psych number, FH and 61.8 of Fri I took my pips here. 39 pips on 15 risk. 2.6R (2.6 times risk) return. Good start to the week. Oh, and if anyone hasn't checked out the COT data, do so. Interesting stuff with the Euro which may come into play...
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  • #1,333
  • Jun 14, 2010 3:12am Jun 14, 2010 3:12am
Quoting Auron112
Took this GU long. Came up 15 minutes before FO. The 1hr had a shooting star followed by a doji, so I was fairly neutral there. 15min had two hammers in a row, both closing near the highs. Quite bullish. Lastly, what sold me was the series of HLs and the recent HH on 5min. Thought given the 5min candle close this was worth a shot long. Would have likely killed before a full stop if it came against me. Anyways, it took off, plowed through the 25 level with a strong 1min candle and kept on it's way to the 50 level. Given the psych number, FH and 61.8...
Nice trade.

Big boys increased their GBP shorts and 5:1 long US$. So looking for sells on GU.
  • #1,334
  • Jun 14, 2010 3:13am Jun 14, 2010 3:13am
GU LH sell 4653 just taken out at BE.
  • #1,335
  • Jun 14, 2010 3:46am Jun 14, 2010 3:46am
Spotted this nice one on EJ, managed +30odd pips and then proceeded to exit far too early. You live and learn. Maybe........
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  • #1,336
  • Jun 14, 2010 3:51am Jun 14, 2010 3:51am
Morning all,
+9 for the first trade of the day. Not strictly System, but EU was getting ready to pop. Probably would have been better taking the EU trade in hindsight.

Nice trade, Auron well before my start time.
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  • #1,337
  • Jun 14, 2010 4:07am Jun 14, 2010 4:07am
0813GMT Long 1.4662
0824GMT Closed 1.4663

I lost confidence in this trade & bottled out after 10 mins for 1 pip. Of course it then took off (I knew it would)!

Steve
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  • #1,338
  • Jun 14, 2010 4:08am Jun 14, 2010 4:08am
Quoting eyevoltage
Spotted this nice one on EJ, managed +30odd pips and then proceeded to exit far too early. You live and learn. Maybe........
Only saw this one well after the event. Very nice, 1hr was up, 15 min hammer, nice hl. Love it.
  • #1,339
  • Jun 14, 2010 4:11am Jun 14, 2010 4:11am
Quoting zhdeef
0813GMT Long 1.4662
0824GMT Closed 1.4663

I lost confidence in this trade & bottled out after 10 mins for 1 pip. Of course it then took off (I knew it would)!

Steve
We didn't see an entry on gu that we liked so we've just been watching the move up and now hoping that US session will turn things around.

We have gone through M pivot at 4699 I have W R1 at 4756 ie Fri's high. A failure here just above 4700 or W R1 would both provide good turn points.
  • #1,340
  • Jun 14, 2010 4:14am Jun 14, 2010 4:14am
Two more trades. One small loss and a win. Up 5.1R for the day.
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