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Higher low, lower high system

  • #1,921
  • Jul 20, 2010 5:56am Jul 20, 2010 5:56am
Good outlier day today. Pretty much couldn't lose on the LHs in these 1hr moves. Made over 6R which should pay for a couple days of chop down the road. Nice to get one of these days on multiple pairs, finally. Got a good day on EJ last week which was 5R+ (the day your internet connection went down, V) but this was the best day I've seen in weeks.

Hope others caught a good chunk of the moves as well.
  • #1,922
  • Jul 20, 2010 5:57am Jul 20, 2010 5:57am
Quoting jag1966
Hi Vantage and all,

my choice was UJ this morning, it was the earliest H1 possible reversal I could see. Sorry it isn't a chart you follow V. It turned out to be a bit of a grinder but quite pleasant to trade.

Vantage trades all over the place I see again this morning, ej, eu, cable and AJ to mention a few that I now watch.

Thanks again for this thread V, it has inspired me to trade totally naked charts (daily hi lo fibs excluded) and read everything I can about price action and reversal setups, just brilliant.
Cheers jag
Really happy to hear from you again and that its working for you, cheers.

UJ whats that??? Just joking of course.
  • #1,923
  • Jul 20, 2010 5:59am Jul 20, 2010 5:59am
Quoting Auron112
Good outlier day today. Pretty much couldn't lose on the LHs in these 1hr moves. Made over 6R which should pay for a couple days of chop down the road. Nice to get one of these days on multiple pairs, finally. Got a good day on EJ last week which was 5R+ (the day your internet connection went down, V) but this was the best day I've seen in weeks.

Hope others caught a good chunk of the moves as well.
Love it, great stuff!!
  • #1,924
  • Jul 21, 2010 1:24am Jul 21, 2010 1:24am
Target areas that I have, 5350 may be important and after that the 5400/62% ext of Y's range.
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  • #1,925
  • Jul 21, 2010 1:32am Jul 21, 2010 1:32am
Just got to computer a few minutes too late for this one, 100% system. 1hr hammer, 15 min hammer with increasing vol, perfect 5 min hl close with little upper wick. Buy at 5288.

For me that was a bad miss, 40 pips there and I'd almost be happy to switch off computer for the morning. MPC minutes in 2 hrs, can be wierd.
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  • #1,926
  • Jul 21, 2010 1:47am Jul 21, 2010 1:47am
Was asked if I'd confirm why arrow down is not a trade. 1hr was a hammer, 15 min was a hammer (but a lower close to the prev 15 min candle). We've already had a dble bttm/hl at 112.10 and a slightly hh around 112.30. The red line at 112.27 shows where the prev lh got taken out to break lh cycle.

With all that much too iffy to consider.
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  • #1,927
  • Jul 21, 2010 2:48am Jul 21, 2010 2:48am
Hi Vantage I wouldn't do this one now becasue of that huge move and the news at 9.30 being quite big but would this one be a continuation or do they need to be inside the previous bar?
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  • #1,928
  • Jul 21, 2010 3:27am Jul 21, 2010 3:27am
Quoting Vantage
Just got to computer a few minutes too late for this one, 100% system. 1hr hammer, 15 min hammer with increasing vol, perfect 5 min hl close with little upper wick. Buy at 5288.

For me that was a bad miss, 40 pips there and I'd almost be happy to switch off computer for the morning. MPC minutes in 2 hrs, can be wierd.
Hi Vantage,

could you please state, which pair are you trading? I cannot figure it out from your screenshots, the symbol name is not displayed.

Thanx.
Oliver
  • #1,929
  • Jul 21, 2010 3:35am Jul 21, 2010 3:35am
Quoting reflex
Hi Vantage I wouldn't do this one now becasue of that huge move and the news at 9.30 being quite big but would this one be a continuation or do they need to be inside the previous bar?
Hi reflex
In the bigger pic you have a lh 4 candles back to the peak around 5318 (prior to the big fall). I don't see what you have shown (arrow down) as a lh simply as its been going up from the lowat 5180. So whilst you may want to sell based on other methods the 4 candle fall you show is not a lh ito this system. Its a straight move down.
  • #1,930
  • Jul 21, 2010 3:36am Jul 21, 2010 3:36am
Quoting Olarion1975
Hi Vantage,

could you please state, which pair are you trading? I cannot figure it out from your screenshots, the symbol name is not displayed.

Thanx.
Oliver
Welcome, gu and ej are my faves.
  • #1,931
  • Jul 21, 2010 3:54am Jul 21, 2010 3:54am
Quoting Vantage
Hi reflex
In the bigger pic you have a lh 4 candles back to the peak around 5318 (prior to the big fall). I don't see what you have shown (arrow down) as a lh simply as its been going up from the lowat 5180. So whilst you may want to sell based on other methods the 4 candle fall you show is not a lh ito this system. Its a straight move down.
Yeah I was doing at as a bigger picture LH with the 15min not a setup I would do. My post probs didn't make any sense what I was wondering was if the candes 4 bars back from the arrow was a perfect system trade with hour 15min and LH on the 5min could the arrow down be seen as a continuation or do continuation bars have to be inside the previous bar?

Cheers Reflex
  • #1,932
  • Jul 21, 2010 4:00am Jul 21, 2010 4:00am
Quoting reflex
Yeah I was doing at as a bigger picture LH with the 15min not a setup I would do. My post probs didn't make any sense what I was wondering was if the candes 4 bars back from the arrow was a perfect system trade with hour 15min and LH on the 5min could the arrow down be seen as a continuation or do continuation bars have to be inside the previous bar?

Cheers Reflex
Its not a trade under any hl/lh method (that I use) and its not a continuation. I'll post a continuation move, it must have a counter trend candle(s) and move back in direction of prev trend. Back soon.
  • #1,933
  • Jul 21, 2010 4:10am Jul 21, 2010 4:10am
Quoting Vantage
Its not a trade under any hl/lh method (that I use) and its not a continuation. I'll post a continuation move, it must have a counter trend candle(s) and move back in direction of prev trend. Back soon.
OK Continuation trades, you'll see theres a definite move up in the down trend and then falls below the 8 lwma see the arrows down. The left x is a lh but price doesn't go 1 pip lower than the set up candle, no trade. The right x has made a hh over the last move so thats not a sell either. The lh sequence has been broken.

NB Just taken from 5 min I haven't looked at 15 min for problem candles.
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  • #1,934
  • Jul 21, 2010 4:12am Jul 21, 2010 4:12am
Quoting reflex
Yeah I was doing at as a bigger picture LH with the 15min not a setup I would do. My post probs didn't make any sense what I was wondering was if the candes 4 bars back from the arrow was a perfect system trade with hour 15min and LH on the 5min could the arrow down be seen as a continuation or do continuation bars have to be inside the previous bar?

Cheers Reflex
Sorry for the confusion I read my post again and it did sound like I was calling it a system trade I wasn't. I was literally only pointing out the candle to see if it would be a continuation candle if there was a 100% system HL/LH trade before it.

Cheers Reflex
  • #1,935
  • Jul 21, 2010 4:19am Jul 21, 2010 4:19am
Quoting Vantage
OK Continuation trades, you'll see theres a definite move up in the down trend and then falls below the 8 lwma see the arrows down. The left x is a lh but price doesn't go 1 pip lower than the set up candle, no trade. The right x has made a hh over the last move so thats not a sell either. The lh sequence has been broken.

NB Just taken from 5 min I haven't looked at 15 min for problem candles.
Cheers Vantage.
  • #1,936
  • Jul 21, 2010 8:00am Jul 21, 2010 8:00am
Hi V,

wasn't the LH cycle broken already a couple of candles before the last arrow?

Cheers

Thomas

Quoting Vantage
OK Continuation trades, you'll see theres a definite move up in the down trend and then falls below the 8 lwma see the arrows down. The left x is a lh but price doesn't go 1 pip lower than the set up candle, no trade. The right x has made a hh over the last move so thats not a sell either. The lh sequence has been broken.

NB Just taken from 5 min I haven't looked at 15 min for problem candles.
  • #1,937
  • Jul 21, 2010 8:13am Jul 21, 2010 8:13am
Quoting tdeu
Hi V,

wasn't the LH cycle broken already a couple of candles before the last arrow?

Cheers

Thomas
Well spotted, that'll teach me trying to post examples toooooo quickly.
  • #1,938
  • Jul 21, 2010 8:20am Jul 21, 2010 8:20am
Thomas like the above posts, x breaks the lh run but the arrow down brings the lh back into play when the hammer (2 candles left of arrow down) fails to follow through higher.
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  • #1,939
  • Jul 21, 2010 5:06pm Jul 21, 2010 5:06pm
Hi guys,

here is again "High/Low 1/2 trading with Al Brooks" from today GU.

1-2-3-4 defines the trend and the rest is just plain L1 and L2 trading.

All marked candles are setup candles. Entry when low breaks. The green marked setups ran at least to R/R=1. The red ones are losers.
Oops - the first green is a L1 too.

I think key is, that if a TWO legged correction/retrace (which in today's case is a small uptrend with a L1 and L2) is NOT taking out the previous major swing high we're still in the major down trend on the day.

Cheers

Thomas

P.S. I'm giong on holiday for a week
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  • #1,940
  • Jul 22, 2010 1:15am Jul 22, 2010 1:15am
Quoting tdeu
Hi guys,

here is again "High/Low 1/2 trading with Al Brooks" from today GU.

1-2-3-4 defines the trend and the rest is just plain L1 and L2 trading.

All marked candles are setup candles. Entry when low breaks. The green marked setups ran at least to R/R=1. The red ones are losers.
Oops - the first green is a L1 too.

[b][color=red]I think key is, that if a TWO legged correction/retrace (which in today's case is a small uptrend with a L1 and L2) is NOT taking out the previous major swing high we're still in the major down trend on the...
Thanks for your contributions.

Cheers Thomas, enjoy.
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