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Higher low, lower high system

  • #2,401
  • Aug 16, 2010 1:53am Aug 16, 2010 1:53am
Quoting Vantage
Hi it is indeed a lh/123 sell on increasing vol. I see you didn't take and got the hl buy that followed, nice one.
We are looking at sell poss here around reject of 5640 area, TWT.
  • #2,402
  • Aug 16, 2010 1:54am Aug 16, 2010 1:54am
Nice trade on the EJ continuation pattern (1-2-3 breakout), Musashi. I'm lurking in your stats page to get a feel for how you trade these range bars. Hope you don't mind.
  • #2,403
  • Aug 16, 2010 2:02am Aug 16, 2010 2:02am
That's my trades done for today i think.

+3% increase in equity.
  • #2,404
  • Aug 16, 2010 2:08am Aug 16, 2010 2:08am
Quoting Vantage
We are looking at sell poss here around reject of 5640 area, TWT.
V, what's the importance of these levels that make up yr anticipation?
MR1+retracement 61.8 of previous day....anything I left?
  • #2,405
  • Aug 16, 2010 2:15am Aug 16, 2010 2:15am
Quoting Auron112
Nice trade on the EJ continuation pattern (1-2-3 breakout), Musashi. I'm lurking in your stats page to get a feel for how you trade these range bars. Hope you don't mind.
I don't mind. Some resistance in this region on the chart. Let's see some price action to confirm this fact.

Next resistance level is around next round number funny enough 110.50
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  • #2,406
  • Aug 16, 2010 2:34am Aug 16, 2010 2:34am
Quoting lefteye
V, what's the importance of these levels that make up yr anticipation?
MR1+retracement 61.8 of previous day....anything I left?
I don't have a M pivot there but 62% retrace as you say and M3, also the general lows of 11th may provide res area and the hgh vol 15 min shooting star.

I've just sold so we'll see how it goes, at 5623.
  • #2,407
  • Aug 16, 2010 3:31am Aug 16, 2010 3:31am
well resistance evident at that level for sure... i didn't really get any sort of price action entry however until now... however too close to possible intraday support zone so i'll pass.
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  • #2,408
  • Aug 16, 2010 3:44am Aug 16, 2010 3:44am
This was 3rd sell of the day, 1st as mentioned above at 5623, 2nd sell 5584 nice lh below the RN. Last sell exit target the 50 psych level.

All in all a great morning for system.
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  • #2,409
  • Aug 16, 2010 3:46am Aug 16, 2010 3:46am
Hi all 1st trade of the day really don't know why I exited so soon especially as the hour was just about to close short.
+28pips again could be alot more.
Forgot to say I didn't take the 2nd entry I point out.
just saw you got the same one but entered on the 1min Vanatge a few times. Like you say a good day.

Sorry just noticed what I thought was you 1min was range bars.
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  • #2,410
  • Aug 16, 2010 3:53am Aug 16, 2010 3:53am
Quoting Musashi
well resistance evident at that level for sure... i didn't really get any sort of price action entry however until now... however too close to possible intraday support zone so i'll pass.


Intraday pivot, psych level and it bounced perfectly off the previous high @ 110.27. Nice time to short if you were quick enough. I wasnt lol. It looks like i may get the next one and even though there is a big support area @ 109.250, its looking like it will blow through this time due to the nice pinbar forming on H4. Let us see...
  • #2,411
  • Aug 16, 2010 4:00am Aug 16, 2010 4:00am
Quoting reflex
Hi all 1st trade of the day really don't know why I exited so soon especially as the hour was just about to close short.
+28pips again could be alot more.
Forgot to say I didn't take the 2nd entry I point out.
just saw you got the same one but entered on the 1min Vanatge a few times. Like you say a good day.

Sorry just noticed what I thought was you 1min was range bars.
Hi reflex, nice work.

Mrs V and I are really battling to let run and not bank once the LO head fake has happened. We continue to have long chats about this and work on this mentally.

Anyway the 3rd trade target of 5550 is OK as gu has run almost 100 pips.
  • #2,412
  • Aug 16, 2010 4:10am Aug 16, 2010 4:10am
Support becoming resistance.
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  • #2,413
  • Aug 16, 2010 4:11am Aug 16, 2010 4:11am
Took the LH off previous resistence/support. Moved stop to break even now.
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  • #2,414
  • Aug 16, 2010 4:13am Aug 16, 2010 4:13am
Quoting Vantage
Hi reflex, nice work.

Mrs V and I are really battling to let run and not bank once the LO head fake has happened. We continue to have long chats about this and work on this mentally.

Anyway the 3rd trade target of 5550 is OK as gu has run almost 100 pips.
I think that is the hardest part of trading for me aswell as soon as I'm in a profit I start looking for reasons to get out. I have got a lot better in the last couple of weeks though.
I was reading somewhere and someone said if he's short and it hasn't yet hit his target he will only exit if he's going to do a long other than that he will wait for target to be hit.
I have been trying to think a bit more like this after London fake.
  • #2,415
  • Aug 16, 2010 4:14am Aug 16, 2010 4:14am
Gu after a 15 min low vol positive close sold 2nd 7M shooting star 5571, never followed through lower out at BE.
  • #2,416
  • Aug 16, 2010 4:17am Aug 16, 2010 4:17am
Out EJ BE. If this turns around it should be a nice run up to the H4 trendline and possibly beyond. Will look for longs now thanks to the M15 pin.
  • #2,417
  • Aug 16, 2010 4:26am Aug 16, 2010 4:26am
This is why round numbers are very good levels to take profits.
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  • #2,418
  • Aug 16, 2010 4:33am Aug 16, 2010 4:33am
Quoting Musashi
This is why round numbers are very good levels to take profits.
Thats strange my psych level was not reached on either of my feeds...
  • #2,419
  • Aug 16, 2010 6:43am Aug 16, 2010 6:43am
I took this short off previous support + psych line. Almost wiggled me out a few times but stop at BE now. Lucky i fell asleep so it wasn't too stressful lol. Hopefully we will see a break to the downside now but this is a heavy support area so we will see.
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  • #2,420
  • Aug 16, 2010 6:48am Aug 16, 2010 6:48am
Took a long on pound off of this HL pattern.

Now for the higher High...
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