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Higher low, lower high system

  • #1,381
  • Jun 16, 2010 9:02am Jun 16, 2010 9:02am
Hmmmm. Parts of your anatomy you really need? Or just the annoying spare parts? lol
  • #1,382
  • Jun 16, 2010 9:24am Jun 16, 2010 9:24am
Quoting Vantage
Mrs V would remove parts of the anatomy with a blunt spoon, I get distracted enough posting here!!



PS Kind regards to Mrs V.........
Trading Levels with WRBs
  • #1,383
  • Jun 17, 2010 1:55am Jun 17, 2010 1:55am
There was a pre FH move up from S1 red dot line 4685, Islander no doubt was all over that. As is often the case the initial 15 mins of FH was a fake out move up that quickly failed. The top of range was 4715 or so.

Whilst the entry was from a 1 min lh the set up Mrs V took was from the 5 min lh. She just waited for the last 1 min shake out as we were on the even number. We did think that initial move up was a (first 15 min) FH fake out and although we were on even number we were selling a FH (half hour that is) reversal and we were following Y's strong move down.

Mrs V traded half normal trade size, stop move to BE at +12 and exited at +25. The +20 Hall of Fame are having an enquiry as to why she slipped 5 pips past mandatory exit point. We do not feel her induction to this Hall of Fame is at risk.

1 min chart attached.
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  • #1,384
  • Jun 17, 2010 2:28am Jun 17, 2010 2:28am
Quoting Vantage
There was a pre FH move up from S1 red dot line 4685, Islander no doubt was all over that. As is often the case the initial 15 mins of FH was a fake out move up that quickly failed. The top of range was 4715 or so.

Whilst the entry was from a 1 min lh the set up Mrs V took was from the 5 min lh. She just waited for the last 1 min shake out as we were on the even number. We did think that initial move up was a (first 15 min) FH fake out and although we were on even number we were selling a FH (half hour that is) reversal and we were following...
With W M3 at 4653 and 62% ext of Y's range at 4645 we didn't take any further sells off 1 min.
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  • #1,385
  • Jun 17, 2010 2:40am Jun 17, 2010 2:40am
I regret to say that I got suckered into that pre FH fake-out. ( and this after all that Islander taught me.) I should know better by now. Thank God I am on the other side of the Indian Ocean and safe from Mrs V. and her blunt spoon!
  • #1,386
  • Jun 17, 2010 2:50am Jun 17, 2010 2:50am
GM guys....the high volume before FO alerted me and I took a buy off the S1 level that had been support for several hours.

I was looking for the 4750 area, BUT as we can see, the volume dropped right off and the rally failed - so I banked a few and got short after The Frankfurters started selling.

The S2 area held and so back long for the retrace towards S1 / 50% area....

Now waiting for a sell signal - anyone for S3 at 4554......http://cdn.forexfactory.com/images/icons/icon12.gif.....TWT
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #1,387
  • Jun 17, 2010 3:08am Jun 17, 2010 3:08am
Which pivot indi are you using Islander?
  • #1,388
  • Jun 17, 2010 3:15am Jun 17, 2010 3:15am
Quoting Islander
GM guys....the high volume before FO alerted me and I took a buy off the S1 level that had been support for several hours.

I was looking for the 4750 area, BUT as we can see, the volume dropped right off and the rally failed - so I banked a few and got short after The Frankfurters started selling.

The S2 area held and so back long for the retrace towards S1 / 50% area....

Now waiting for a sell signal - anyone for S3 at 4554......http://cdn.forexfactory.com/images/icons/icon12.gif.....TWT
Hi Islander
Your contributions are always welcome. Thanks.

The pivots indi I use see 1st post worked well today. The 38% fibs retrace are same it seems as an indi Geppyg uses (tro forexgreenland) and today the rally down hit the fib ext virtually to the pip, handy to have as an auto draw on Y's range.
  • #1,389
  • Jun 17, 2010 3:16am Jun 17, 2010 3:16am
Quoting A-game
Which pivot indi are you using Islander?
See 1st post for 1 of best around, adjustable start time, plus fibs, prev days high/low todays open, nice one.
  • #1,390
  • Jun 17, 2010 3:28am Jun 17, 2010 3:28am
Yes ive been using that one. I have plenty but they all display different pivots, and none display the the same as Islanders pivots. Perhaps i am using the wrong settings or something.
  • #1,391
  • Jun 17, 2010 3:41am Jun 17, 2010 3:41am
Quoting A-game
Yes ive been using that one. I have plenty but they all display different pivots, and none display the the same as Islanders pivots. Perhaps i am using the wrong settings or something.
Try adjusting your start time to this 1hr, I think thats same as Islanders.
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  • #1,392
  • Jun 17, 2010 3:53am Jun 17, 2010 3:53am
Thanks vantage. Which input values do i change? I tried a few different settings with no success?
  • #1,393
  • Jun 17, 2010 3:57am Jun 17, 2010 3:57am
Quoting A-game
Thanks vantage. Which input values do i change? I tried a few different settings with no success?
Not sure where you are starting from, try changing the local time zone the top line.
  • #1,394
  • Jun 17, 2010 4:16am Jun 17, 2010 4:16am
Thank you sir
  • #1,395
  • Jun 17, 2010 4:39am Jun 17, 2010 4:39am
Just completed this one on cable. Strong hourly and 15m candles and an entry just above the xx00 psych-line.
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  • #1,396
  • Edited 7:07am Jun 17, 2010 4:55am | Edited 7:07am
Quoting eyevoltage
Just completed this one on cable. Strong hourly and 15m candles and an entry just above the xx00 psych-line.
I'm posting this for a reason and its not pretty. The V's are way below normal performance levels which has made us a little timid this month. A little dirty laundry needs to be aired.

One of our strongly held beliefs is trade London session until its done 125 pips range. Obviously you won't get all but you can get a big piece from hl/lh's. OK this happens roughly 75% of the time or around 14 times a month (on the research I've done if in doubt pls check yourself). The maths is easy on numerous days a month 7% plus days are not only possible but likely. This month we haven't had 1 such day, very dissapointing.

OK when the initial London move went down about 60 pips, failed, turned had a nice hl see arrow up THEN THE LIKELIHOOD was for a 125 pip move from 4650.

We didn't get the hl entry for whatever reason and watched it move up into news which took it further not really giving a nice entry.

We did try getting in after news got a re-quote it moved too far and has since run up 50 pips at least from there (I think it was the same trade EV got). The damage was done by NOT getting in on the 1st hl and then letting run for the 75% chance it'll go on its major move from there.

If I forget (getting old and I've gotten that way) anyone pls feel free to jump in with "trade till London's done 125 pips". Mrs V has accepted the research done and is happy (for now) to withdraw from the 20 pips bank Hall of Fame. NB this is for the counter move when an initial move has not done its full range and reverses.

OK thats the laundry done, there are still going to be lots of chances to turn this months +10% to a more reasonable number.
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  • #1,397
  • Jun 17, 2010 5:59am Jun 17, 2010 5:59am
V, this method of yours is spot on. I never realized how easy it was. A real K.I.S.S. method. This cable steal is self-explanatory.....massive 1H candle, 15m candles showing a pull-back and an entry again just above a psych-line. I was surprised at price actually punching through the confluence formed by the R1 line and the xx00 Psych-line, and bailed out at once, counting my blessings!
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  • #1,398
  • Jun 17, 2010 6:10am Jun 17, 2010 6:10am
Quoting eyevoltage
V, this method of yours is spot on. I never realized how easy it was. A real K.I.S.S. method. This cable steal is self-explanatory.....massive 1H candle, 15m candles showing a pull-back and an entry again just above a psych-line. I was surprised at price actually punching through the confluence formed by the R1 line and the xx00 Psych-line, and bailed out at once, counting my blessings!
Thanks EV, rare praise indeed from a guy that epitomises K.I.S.S. Oh nice trade.
  • #1,399
  • Jun 17, 2010 7:08am Jun 17, 2010 7:08am
Hi V - as you know, these are the move's that I'm trying to catch and from my work in my thread with Medici, I posted frequently about the timing of the short term swings.

When trying to catch the morning's main move - from FO - there are really three Time Zones which will form the high or low.....Early to mid FH, late FH to around LO and around 9:30 UK time.

Thus a simple HL / LH, confirmed by the 30 ema will frequently allow us to capture a good portion of this move and since we dont KNOW which TZ will give us the true move, I usually try to trade all of them http://cdn.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #1,400
  • Jun 17, 2010 7:10am Jun 17, 2010 7:10am
Today was a classic.....and I'm still exiting too early...http://cdn.forexfactory.com/images/icons/icon11.gif
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Trading Levels with WRBs
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