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Higher low, lower high system

  • #1,361
  • Jun 15, 2010 6:42am Jun 15, 2010 6:42am
Quoting Auron112
but the trouble with that one is that it coincided with GBP news and there was a lot of tick volume on the charts.
Sorry didn't look at news.
  • #1,362
  • Jun 15, 2010 6:45am Jun 15, 2010 6:45am
Quoting Vantage
See 1st post, 15 pips give or take. I enter manually with a 2 pip max deviation so it can be a little different. If its too much I'll go in and change once in trade.

Yes but does that include spread? Or do you mean 15 plus spread? Thanks...
  • #1,363
  • Jun 15, 2010 9:42am Jun 15, 2010 9:42am
Quoting Auron112
Took this GU long....
Auron,

what is the indicator that is light blue and is stair stepping up on your screen shot. Thanks
  • #1,364
  • Jun 15, 2010 2:32pm Jun 15, 2010 2:32pm
Quoting bpips
Auron,

what is the indicator that is light blue and is stair stepping up on your screen shot. Thanks
It's a MTF MA that replicates the 1hr 8LWMA. See this post:

http://www.forexfactory.com/showpost...postcount=1226

Vantage, just a suggestion but maybe you should modify the second post on the first page in this thread to include the current indicators you're using and the various settings. Since they do change from time to time it would be useful to have a complete rundown all on one post.
  • #1,365
  • Jun 15, 2010 11:37pm Jun 15, 2010 11:37pm
Nice little HL early in the European session with E/J. Both M60 and M15 were in agreement and I exited at the RN for +15, and a good exit, for a change.
Attached Image
  • #1,366
  • Jun 16, 2010 12:04am Jun 16, 2010 12:04am
I re-entered E/J again based on the next HL (second arrow). However I waited until Yesterdays High was broken and grabbed a quick 12 pips. There was no target above me to aim for, except R1, which was a long way north.
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  • #1,367
  • Jun 16, 2010 12:50am Jun 16, 2010 12:50am
Nice pair of trades. I got in late this evening (morning for some of you) and missed those ones. EJ has been very kind so far today. Lots of easy pips on offer...
  • #1,368
  • Jun 16, 2010 1:33am Jun 16, 2010 1:33am
Quoting A-game
Yes but does that include spread? Or do you mean 15 plus spread? Thanks...
Fxpro spread usually below 2 so I mean inclusive if you're at an expensive broker add on.
  • #1,369
  • Jun 16, 2010 1:34am Jun 16, 2010 1:34am
Quoting Auron112
It's a MTF MA that replicates the 1hr 8LWMA. See this post:

http://www.forexfactory.com/showpost...postcount=1226

Vantage, just a suggestion but maybe you should modify the second post on the first page in this thread to include the current indicators you're using and the various settings. Since they do change from time to time it would be useful to have a complete rundown all on one post.
OK will do.
  • #1,370
  • Jun 16, 2010 3:45am Jun 16, 2010 3:45am
Nice 100% system trade, entry 4791 for +26 looking to exit at the green pivot M3 at the earlier highs. We didn't enter the prev hl a couple of candles earlier as the set up 5 min was a little large.

1hr had pos close, 15 min hammer nice hl.
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  • #1,371
  • Edited 4:55am Jun 16, 2010 4:54am | Edited 4:55am
Didn't take the first arrow as I was called away. Came back in time to grab the second arrow and got out prematurely just below the DPV for around 20 pips.

Edit: Apologies....first arrow should have been right above the doji, 4 candles back from the second arrow.
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  • #1,372
  • Jun 16, 2010 5:20am Jun 16, 2010 5:20am
Quoting eyevoltage
Didn't take the first arrow as I was called away. Came back in time to grab the second arrow and got out prematurely just below the DPV for around 20 pips.

Edit: Apologies....first arrow should have been right above the doji, 4 candles back from the second arrow.
Thats a lovely trade, I was away from computer, nice one. As EV has shown 1 hr negative, 15 min neg for an easy 35 pips down to the even number. Almost no pullback against the stop.

The reason I'm going on here is that this with above gu buy would be 70 odd pips or 7% for the day. A little patience waiting for good set ups, again nice one.
  • #1,373
  • Jun 16, 2010 5:28am Jun 16, 2010 5:28am
Vantage im looking at concentrating on a single pair until i have mastered the method. Which pair would you say provides the most opportunities? Im leaning towards GU because of the low trading cost, and also because past experiences have shown me that there is more pip potential. What would you suggest?
  • #1,374
  • Jun 16, 2010 5:29am Jun 16, 2010 5:29am
Quoting Vantage
A little patience waiting for good set ups, again nice one.
Thanks, mate, although I'm still having a bit of a problem with entry points. Never too sure when to pull the trigger, in other words. Would it be fair to say, for instance, that a good entry point would be under the low of the LH candle? That would seem logical to me. What do you reckon, V? (I'm still busy catching up with previous posts!)
  • #1,375
  • Jun 16, 2010 5:31am Jun 16, 2010 5:31am
Quoting A-game
Vantage im looking at concentrating on a single pair until i have mastered the method. Which pair would you say provides the most opportunities? Im leaning towards GU because of the low trading cost, and also because past experiences have shown me that there is more pip potential. What would you suggest?
I'd go with your leaning ie gu.
  • #1,376
  • Jun 16, 2010 5:32am Jun 16, 2010 5:32am
Quoting eyevoltage
Thanks, mate, although I'm still having a bit of a problem with entry points. Never too sure when to pull the trigger, in other words. Would it be fair to say, for instance, that a good entry point would be under the low of the LH candle? That would seem logical to me. What do you reckon, V? (I'm still busy catching up with previous posts!)
EV we go in when price goes beyond the extreme of entry candle by a pip or so.
  • #1,377
  • Jun 16, 2010 5:35am Jun 16, 2010 5:35am
Quoting Vantage
EV we go in when price goes beyond the extreme of entry candle by a pip or so.
Gotcha! Thanks, V, me old mate.
  • #1,378
  • Edited 7:02am Jun 16, 2010 5:56am | Edited 7:02am
I think I'm getting the hang of this! I didn't actually trade this one, but it's a lovely example of V's method. Strong bearish candles at 1H and 15m, and an entry right under the DPV/xx00 psych-line confluence for around 12 pips or so.
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  • #1,379
  • Jun 16, 2010 6:21am Jun 16, 2010 6:21am
Ever considered a live trading room vantage? It looks like we would have a good sized group.
  • #1,380
  • Jun 16, 2010 6:54am Jun 16, 2010 6:54am
Quoting A-game
Ever considered a live trading room vantage? It looks like we would have a good sized group.
Mrs V would remove parts of the anatomy with a blunt spoon, I get distracted enough posting here!!
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