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Higher low, lower high system

  • #2,301
  • Aug 12, 2010 6:38am Aug 12, 2010 6:38am
This is the main pattern that everyone should be very familiar with....

It's a ripper if i do say so myself.
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  • #2,302
  • Aug 12, 2010 6:39am Aug 12, 2010 6:39am
Quoting Vantage
Forgot to mention earlier Mrs V also got 2b sell at the top at 110.65, 5 min chart, also exited way too early though. Set up from 15 min lower close/spinnng top. She entered at 11.05.

In hindsight (oh isn't that perfect) we could have entered a little earlier when price went below 75 level.
Great to see you and Mrs V getting those 2b setups Dave. You gotta love those reversals in these morning sessions.

I am so glad I found your thread. Great work as always guys.
  • #2,303
  • Aug 12, 2010 6:40am Aug 12, 2010 6:40am


Higher Lows very evident in this chart.
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  • #2,304
  • Aug 12, 2010 6:43am Aug 12, 2010 6:43am
Quoting jag1966
Great to see you and Mrs V getting those 2b setups Dave. You gotta love those reversals in these morning sessions.

I am so glad I found your thread. Great work as always guys.
Thankyou so much for pointing 2b out, that helped big time.

Between typical hl/lh's and 2b the only set up we should miss is the touch and run (price touches a level and runs and I never get the level right) and I'm NOT INTERESTED in those at all. As casual visitors to the thread MUST have picked up now are the number of opportunities to trade from the 2 we mostly watch (ej and gu) with small stops.
  • #2,305
  • Aug 12, 2010 6:47am Aug 12, 2010 6:47am
Quoting Musashi
This is the main pattern that everyone should be very familiar with....

It's a ripper if i do say so myself.
Yes we have that one on 1st post + continuation trades which you are familiar with even if set ups are perhaps a little different (thats trade 2), 2b variation, some specifics for early London and Mrs V and I like 00, 25, 50, 75 trades in trend (trade 5). All in 1st post.

We traded a couple of other set ups but for now we have left off our daily read/check list.
  • #2,306
  • Aug 12, 2010 6:53am Aug 12, 2010 6:53am
Looked like a potential trade right there... but didnt take it... dead zone...
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  • #2,307
  • Aug 12, 2010 6:54am Aug 12, 2010 6:54am
Quoting Vantage
Thankyou so much for pointing 2b out, that helped big time.

Between typical hl/lh's and 2b the only set up we should miss is the touch and run (price touches a level and runs and I never get the level right) and I'm NOT INTERESTED in those at all. As casual visitors to the thread MUST have picked up now are the number of opportunities to trade from the 2 we mostly watch (ej and gu) with small stops.
Haha, touch and run, Medici has devised the perfect tool by the looks of it Dave, look at that 2b reversal, m5 HL in conjuction with his C11 divergence indi.

It helped me spot this one earlier.

It seems to work a treat.
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  • #2,308
  • Aug 12, 2010 6:54am Aug 12, 2010 6:54am
I've added the Constant range bar expert to first post. Too early to re-write a change from 5 min but I think its official we like our first day with range bars, thanks Musashi.
  • #2,309
  • Aug 12, 2010 6:58am Aug 12, 2010 6:58am
Quoting jag1966
Haha, touch and run, Medici has devised the perfect tool by the looks of it Dave, look at that 2b reversal, m5 HL in conjuction with his C11 divergence indi.

It helped me spot this one earlier.

It seems to work a treat.
Divergence, I love divergence, can we have more indi's pleeeeeeaaaaaaaaaassssssssssse. I've just had a total rant on indi's and now I'm gonna look!! For divergence purposes only.

I will say in my defence oh stuff it.

Cheers jag.
  • #2,310
  • Aug 12, 2010 7:01am Aug 12, 2010 7:01am
Quoting Vantage
Divergence, I love divergence, can we have more indi's pleeeeeeaaaaaaaaaassssssssssse. I've just had a total rant on indi's and now I'm gonna look!! For divergence purposes only.

I will say in my defence oh stuff it.

Cheers jag.
Talking seriously we have had macd, rsi, cci and every indi known to man for divergence and ended up saying leave them the candles are clear as they were in your post.

So for now I'm not biting.
  • #2,311
  • Aug 12, 2010 7:01am Aug 12, 2010 7:01am
This version of MACD is quite pretty with the change in colour of the bars on the histogram.

Might be useful... somehow... not too sure...

Attached File(s)
File Type: ex4 #ZeroLag MACD_colors.ex4   5 KB | 402 downloads
  • #2,312
  • Aug 12, 2010 7:04am Aug 12, 2010 7:04am
Absolutely Brilliant !!!!!

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  • #2,313
  • Aug 12, 2010 7:05am Aug 12, 2010 7:05am
Quoting Vantage
Talking seriously we have had macd, rsi, cci and every indi known to man for divergence and ended up saying leave them the candles are clear as they were in your post.

So for now I'm not biting.
Haha, sorry mate, I absolutely hate indis having spent ages cleaning up my charts, I held out for two days
  • #2,314
  • Aug 12, 2010 7:07am Aug 12, 2010 7:07am
Quoting Musashi
This version of MACD is quite pretty with the change in colour of the bars on the histogram.

Might be useful... somehow... not too sure...

Now I'm normally a sucker for macd histo bars that have different colours for up and down bars but still don't think you need it.

Trend works, hl/lh's work, reversals at important levels with hl/lh/2b's work. Don't distract yourself from this, try it see how it works for you.
  • #2,315
  • Aug 12, 2010 7:07am Aug 12, 2010 7:07am
Quoting Musashi
Absolutely Brilliant !!!!!

Nice indi, Oh dear I've started something now.
  • #2,316
  • Aug 12, 2010 7:08am Aug 12, 2010 7:08am
Well well... would of been a brilliant trade
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  • #2,317
  • Aug 12, 2010 7:09am Aug 12, 2010 7:09am
Quoting Vantage
Now I'm normally a sucker for macd histo bars that have different colours for up and down bars but still don't think you need it.

Trend works, hl/lh's work, reversals at important levels with hl/lh/2b's work. Don't distract yourself from this, try it see how it works for you.
Wise words Dave, especially for beginers, trend is king on all timeframes.
  • #2,318
  • Aug 12, 2010 7:10am Aug 12, 2010 7:10am
Quoting Vantage
Now I'm normally a sucker for macd histo bars that have different colours for up and down bars but still don't think you need it.

Trend works, hl/lh's work, reversals at important levels with hl/lh/2b's work. Don't distract yourself from this, try it see how it works for you.
I wont be distracted by indicators buddy... no worries there... they're there to look pretty and that's all... and to show new traders how to use them
  • #2,319
  • Aug 12, 2010 7:12am Aug 12, 2010 7:12am
Quoting Musashi
Absolutely Brilliant !!!!!

Hi Musashi
A close really close look at charts means the DIVERGENCE sell was earlier and not when the 2b trade happened, so a small stop would have been taken out. The 2b entry safe and in the money almost immediately.

The divergence buy would have kept you out of the great last leg down as div had already appeared.

Not arguing, love your contributions but don't think this adds to set ups already shown by candles. THIS COMING FROM SOMEONE THAT LOVES DIVERGENCE, been there done that.
  • #2,320
  • Aug 12, 2010 7:16am Aug 12, 2010 7:16am
I think that we need to hit the indi debate on the head. Post whatever charts you like with whatever indi's you like but I'd prefer to keep discussions 'naked'.
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