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Higher low, lower high system

  • #1,741
  • Jul 7, 2010 7:55am Jul 7, 2010 7:55am
Quoting Vantage
We have had lots of connection problems and didn't get any FF emails to say there were posts, wierd.

Took this 100% system trade fairly quickly hit stop -11.
It was a short while after that connection went down.

Missed the earlier lh but did get this 100% system trade on ej, happy just to exit at +10.
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  • #1,742
  • Jul 7, 2010 7:57am Jul 7, 2010 7:57am
I have it on great authority that a relatively poor 5 weeks () of trading is going to turn around from tomorrow.
  • #1,743
  • Jul 7, 2010 7:59am Jul 7, 2010 7:59am
I've marked the setups since the low

all without spread

is this coincidence?
Attached Image (click to enlarge)
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  • #1,744
  • Jul 7, 2010 8:04am Jul 7, 2010 8:04am
the candle was too big for me ... 17pips


Quoting Vantage
We have had lots of connection problems and didn't get any FF emails to say there were posts, wierd.

Took this 100% system trade fairly quickly hit stop -11.
  • #1,745
  • Jul 7, 2010 8:09am Jul 7, 2010 8:09am
according to the book

the failed final flag often determines the slope of the new trend

beautiful
Attached Image (click to enlarge)
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  • #1,746
  • Jul 7, 2010 8:12am Jul 7, 2010 8:12am
Sorry, only the 2nd one was a system trade - I think

Quoting tdeu
I've marked the setups since the low

all without spread

is this coincidence?
  • #1,747
  • Jul 7, 2010 8:23am Jul 7, 2010 8:23am
Quoting Vantage
We have had lots of connection problems and didn't get any FF emails to say there were posts, wierd.

Took this 100% system trade fairly quickly hit stop -11.
I must have got a lucky there than on my chart the siganl bar was a 20pips bar and price didnt trade below it and I hope you right about the 5 weeks thing I have yet to be in a big move for a big chunk of it lol
usually my fault though for losing my nerve!
  • #1,748
  • Jul 7, 2010 8:26am Jul 7, 2010 8:26am
Quoting Vantage
I have it on great authority that a relatively poor 5 weeks () of trading is going to turn around from tomorrow.
I know how you feel. Just the last week and a half or so has been really poor compared to usual but I also hear whispers in important circles that things are about to make a turn.
  • #1,749
  • Jul 7, 2010 8:29am Jul 7, 2010 8:29am
Quoting tdeu
Sorry, only the 2nd one was a system trade - I think
The second trade was a 15min reversal at an extreme. Had a couple good hammers at support so this would have been the first HL after that on 5min. Prior to this we had a 15min shooting star so we wouldn't have traded the arrow. However, if you waited 5 more minutes for the next bar to close we now have a 15min suggesting that price does not want to move lower. This would have been the entry.

Personally, I passed on this one mainly because our last swing up had not gone high enough to create a HH. Just personal preference, but had that last swing gone above 5116 before setting up this signal I would have taken it.
  • #1,750
  • Jul 7, 2010 8:43am Jul 7, 2010 8:43am
Hi Vantage,

how do you handle the large 45 pips retrace from 5148.

Do you trade it as a short, if a system trade short occurs?

What are you doing with your long (from the bottom) in between? Second account? Or close?

BTW. this retrace tested the HL reversal entry long almost to the pip

Cheers

Thomas
  • #1,751
  • Jul 7, 2010 10:37am Jul 7, 2010 10:37am
Hi Auron,

I marked the first trade as a 2B bottom reversal. The others except number two are just normal pullback entries

Quoting Auron112
The second trade was a 15min reversal at an extreme....
  • #1,752
  • Edited 12:03pm Jul 7, 2010 11:05am | Edited 12:03pm
Hi Vantage,

are the yellow marked candles the entries from today?

Cheers

Thomas
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ej today 5min.gif Size: 32 KB
  • #1,753
  • Jul 8, 2010 1:27am Jul 8, 2010 1:27am
Hey V.

Interesting setup this morning at FO and wanted to get your take. I passed on this due to:

- Right at FO, possible fake off 5200 (no big deal, 100% system)
- Primary reason, 4hr triple top / shooting star on high volume

Just wondering what your take is when you've got a setup that is this nice per "100% System" rules but has a strong higher timeframe reason that it could fail. My thinking is that it is better to err on the side of caution with something like this but given your HL/LH experience perhaps you could provide a bit more insight. I've decided I won't be going long unless we break that 5225-5230 level, so we shall see...

As I type this we have shot through the triple top.
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  • #1,754
  • Jul 8, 2010 1:28am Jul 8, 2010 1:28am
I'll look at above Q's when I can.

Yes I know FO trade but 100% system. 1hr 2 hammers + 2nd higher close, 15 min 2 hammers off the DO. Nice 5 min hl.

Out too early popped right through W M3 which was at 15 level/high of Asian session and a nice target short term.
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  • #1,755
  • Jul 8, 2010 1:37am Jul 8, 2010 1:37am
Quoting Auron112
Hey V.

Interesting setup this morning at FO and wanted to get your take. I passed on this due to:

- Right at FO, possible fake off 5200
- 4hr triple top / shooting star on high volume

Just wondering what your take is when you've got a setup that is this nice per "100% System" rules but has a strong higher timeframe reason that it could fail. My thinking is that it is better to err on the side of caution with something like this but given your HL/LH experience perhaps you could provide a bit more insight. I've decided I won't be going long...
We moved stop to BE asap just in case 5200 held as a move down would have surely hit the stop.
  • #1,756
  • Jul 8, 2010 1:39am Jul 8, 2010 1:39am
Quoting Vantage
We moved stop to BE asap just in case 5200 held as a move down would have surely hit the stop.
Exactly what I was considering. Thought about it for 10-15 minutes until FO 1hr close and finally decided to not fight that 4hr candle. Oh well, sometimes you miss the good ones...
  • #1,757
  • Jul 8, 2010 1:51am Jul 8, 2010 1:51am
Quoting tdeu
Hi Vantage,

how do you handle the large 45 pips retrace from 5148.

Do you trade it as a short, if a system trade short occurs?

What are you doing with your long (from the bottom) in between? Second account? Or close?

BTW. this retrace tested the HL reversal entry long almost to the pip

Cheers

Thomas
There are a couple of opp's to enter. You have a 5 min lower high at the extreme and great candles shooting stars no lower wicks. A good 15 min SS also. Against the 1hr but that did have hl/lh at extreme.

Or a classic 15 min SS at a key level at an extreme, next 1 min lh also a possibility.
  • #1,758
  • Jul 8, 2010 1:52am Jul 8, 2010 1:52am
Quoting tdeu
the candle was too big for me ... 17pips
Yep I missed that (and paid for it) my mistake.
  • #1,759
  • Jul 8, 2010 2:54am Jul 8, 2010 2:54am
morning,

was there another 100% system setup long at 6:15GMT

the pullback to 5200?

cheers

Thomas
  • #1,760
  • Jul 8, 2010 3:21am Jul 8, 2010 3:21am
Quoting tdeu
morning,

was there another 100% system setup long at 6:15GMT

the pullback to 5200?

cheers

Thomas
You'll need to post chart not sure what you mean.
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