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Higher low, lower high system

  • #1,561
  • Jun 28, 2010 8:38pm Jun 28, 2010 8:38pm
Well thought I would give the indi a try and shorted E/U after a lower high. Since it was slow asia I took a +10 profit.
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  • #1,562
  • Jun 28, 2010 10:50pm Jun 28, 2010 10:50pm
Quoting sharpster
nice system guys, gonna try this one myself.

Sharpster.
Hi, any questions just shout.
  • #1,563
  • Jun 28, 2010 11:02pm Jun 28, 2010 11:02pm
Quoting tdeu
Hi Vantage,

Were there entries according to the system at 14:30 and 15:25? Both candles with very small upper wicks and the second one crossing the 8lwma?

Cheers

Thomas
Hi Thomas
If you mean these 2.

The red line on left is after a 1hr shooting star, a 15 min neg close on its low then a doji. So no its not a '100% system' trade and not at an extreme so doesn't qualify there either.

The red line on right is a hl from a key level but it follows a 1hr shooting star and a 15 min neg close. It worked but not a system trade.

With any system you tend to remember the trades that bent the rules and worked and not remember all those that failed.
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  • #1,564
  • Jun 28, 2010 11:04pm Jun 28, 2010 11:04pm
Quoting bpips
Hi Vantage Im doing very well with your method on EU thank you for all the information you have provided.

I dont remember reading anywhere what is the indicator at the bottom of your chart the three rows of squares. Im guessing a mtf indi of some sort and not sure if you incorporate this into your trade plan.

thanks much
See the link in 1st post to Royston's indi's and how to load them.
  • #1,565
  • Jun 28, 2010 11:06pm Jun 28, 2010 11:06pm
Quoting ozmacca
Hi Vantage,



Like this ?
I think I've seen this one before but I'll have a look, as a rule though one thing my charts don't need is more lines. LOL.
  • #1,566
  • Jun 29, 2010 1:30am Jun 29, 2010 1:30am
Hi Vantage,

Thanks for the explanation. The first candle I meant was 4 candles to the left. In the upper half of the shooting star while it was forming.

Cheers

Thomas

Quoting Vantage
Hi Thomas
If you mean these 2.

The red line on left is after a 1hr shooting star, a 15 min neg close on its low then a doji. So no its not a '100% system' trade and not at an extreme so doesn't qualify there either.

The red line on right is a hl from a key level but it follows a 1hr shooting star and a 15 min neg close. It worked but not a system trade.

With any system you tend to remember the trades that bent the rules and worked and not remember all those that failed.
  • #1,567
  • Edited 6:16am Jun 29, 2010 1:35am | Edited 6:16am
Quoting tdeu
Hi Vantage,

Thanks for the explanation. The first candle I meant was 4 candles to the left. In the upper half of the shooting star while it was forming.

Cheers

Thomas
Candle 4 to left definitely not as 1hr and 15 min candles going against.
  • #1,568
  • Jun 29, 2010 1:38am Jun 29, 2010 1:38am
1st trade of day push up to 5100 where price had stalled previously, 5 min inside candle, 1 min lh see trade 3 1st post. +18 out.
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  • #1,569
  • Jun 29, 2010 1:40am Jun 29, 2010 1:40am
2nd trade of day, 5 min chart nice lh. Tried to exit at +20 just before the news and it was jumpy and couldn't exit. Then news took us up to exit at BE.
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  • #1,570
  • Jun 29, 2010 2:27am Jun 29, 2010 2:27am
Hi V watched both your trades go couldn't click the button for some reason having a nervous day! just did this one out +2 when it pulled back up through yesterdays low didn't want to take a loss on it really. bearish 15min and hourly.
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  • #1,571
  • Jun 29, 2010 2:48am Jun 29, 2010 2:48am
Hi Vantage,

sorry to bother again. The bearish 15M candle before 16:40 setup - did you consider this a pullback in the bullish 1h, that was forming?

Cheers

Thomas


Quoting Vantage
I'm posting this as hindsight is a great tool.

We had 3 BE buys where we looked for the 5065 level to break. As a result we got scared off the trade. We were trying to buy into what proved to be a tough area with lots of 1hr upper wicks which is why the upper line in the indi window was solid red (when we were trying to buy).

When the 100% system trade eventually comes (including my often discussed small bounce from key area, 5075 in this case) we had long since lost belief in this move.

For the record 100% system trade right on that tough...
  • #1,572
  • Jun 29, 2010 2:56am Jun 29, 2010 2:56am
was 10:28 the setup bar?

Quoting Vantage
1st trade of day push up to 5100 where price had stalled previously, 5 min inside candle, 1 min lh see trade 3 1st post. +18 out.
  • #1,573
  • Jun 29, 2010 3:00am Jun 29, 2010 3:00am
you should have sold the break of the low of bar4 to the left as at the time of break it was a failed second entry

Quoting reflex
Hi V watched both your trades go couldn't click the button for some reason having a nervous day! just did this one out +2 when it pulled back up through yesterdays low didn't want to take a loss on it really. bearish 15min and hourly.
  • #1,574
  • Jun 29, 2010 3:06am Jun 29, 2010 3:06am
was in the same
faded the bullish IB before your setup candle (entry was at 5060)

had another trade - setup candle was 11:40 (not exactely LH - but stop run for the 10:45 traders)

lets see, if we can take out 5061

if we stay below this could be a double top bear flag

Quoting Vantage
2nd trade of day, 5 min chart nice lh. Tried to exit at +20 just before the news and it was jumpy and couldn't exit. Then news took us up to exit at BE.
  • #1,575
  • Jun 29, 2010 3:19am Jun 29, 2010 3:19am
Quoting tdeu
you should have sold the break of the low of bar4 to the left as at the time of break it was a failed second entry
not sure I understand.
  • #1,576
  • Edited 3:45am Jun 29, 2010 3:20am | Edited 3:45am
Quoting reflex
Hi V watched both your trades go couldn't click the button for some reason having a nervous day! just did this one out +2 when it pulled back up through yesterdays low didn't want to take a loss on it really. bearish 15min and hourly.
do you think this was a good entry Vantage? As per the system.
  • #1,577
  • Jun 29, 2010 4:04am Jun 29, 2010 4:04am
not according to Vantage's system

1st entry LONG would be the PA at the low
2nd entry LONG is the first HL

the bullish candle at 8:50 trapped a lot of buyers - I bet (stops go below that)
You enter short, when they're stopped


Quoting reflex
not sure I understand.
  • #1,578
  • Jun 29, 2010 4:58am Jun 29, 2010 4:58am
Quoting tdeu
not according to Vantage's system

1st entry LONG would be the PA at the low
2nd entry LONG is the first HL

the bullish candle at 8:50 trapped a lot of buyers - I bet (stops go below that)
You enter short, when they're stopped
I still don't understand becasue I was doing a short not a long and are you saying my short wasn't according to the system or the two long entrys you show above? I am pretty sure my enrty was a system trade.

The hourly close looked indecisive but the 15min was showing short so I went with the direction of the 15min.
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  • #1,579
  • Jun 29, 2010 5:50am Jun 29, 2010 5:50am
Hi,

sorry for the confusion.

not according to Vantage's system was only meant for this part of the message: 1st entry LONG would be the PA at the low / 2nd entry LONG is the first HL (8:50 candle)

your entry was good - but I would have entered SHORT, when the low of the 8:50 candle broke (4 pips higher)
this was at 9:05 (this bar too had a nice bearish momentum)

you increase the success rate of your trades a lot, if you enter at places, where other traders are forced to give up their positions

cheers

thomas

Quoting reflex
I still don't understand becasue I was doing a short not a long and are you saying my short wasn't according to the system or the two long entrys you show above? I am pretty sure my enrty was a system trade.

The hourly close looked indecisive but the 15min was showing short so I went with the direction of the 15min.
  • #1,580
  • Jun 29, 2010 6:08am Jun 29, 2010 6:08am
Quoting tdeu
Hi Vantage,

sorry to bother again. The bearish 15M candle before 16:40 setup - did you consider this a pullback in the bullish 1h, that was forming?

Cheers

Thomas
Not in the bullish 1 hr forming but simply the 15.00 1 hr was a positive close, there was a small 15 min neg close but the 5 min hl took out the top of the 15 min neg close = system buy.
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