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Higher low, lower high system

  • #2,621
  • Aug 23, 2010 5:49am Aug 23, 2010 5:49am
Possibly H/L on EU 15R

don't know how the 5m 15m etc looks for it though
  • #2,622
  • Aug 23, 2010 6:31am Aug 23, 2010 6:31am
Quoting Musashi
Possibly H/L on EU 15R

don't know how the 5m 15m etc looks for it though
Low vol and small ranges so I'm taking a back seat. We'll see what US does soon.

Mrs V has already clocked off work for the day. I'm just pottering around, got the gardener here so we'll have a walk around the place and discuss pruning!!! Life is tough in Africa.
  • #2,623
  • Edited 9:12am Aug 23, 2010 8:59am | Edited 9:12am
A nice LH trade numers are on the chart
1. A bear TL overshoot and double top price should test extreme.
2. Breakout of bearflag.
3. LH off bear flag lower channel line and 50.
4. Exit of half incase test of extreme fails which it did at the days low and 25 level also 61% of fridays low to todays high.

probably should have took all at 25 but I thought we could get to 500 when NY opened all together got +10.

I also forgot to look at the composite index which had divergence if I saw that I more then likely would have took all profit at 25.
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  • #2,624
  • Aug 23, 2010 10:29am Aug 23, 2010 10:29am
Vantage do you think the afternoon can be traded like the europian open?
Does it work in sort of the same way like be quick to bank profits between 1.00pm-2.30pm then wait for NY open fakeout and then look for a bigger run.
That could have been my mistake today
we faked out the low of the day at 2.00pm just like a FO fakeout the when NY opened we faked out up to the Asian high, 50% of days move,weekly pivot and 75 psych level.
After this we started moving in the true direction of NY with a LH at 15.05 to traget of 15500.

Cheers
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  • #2,625
  • Aug 24, 2010 1:48am Aug 24, 2010 1:48am
Quoting reflex
Vantage do you think the afternoon can be traded like the europian open?
Does it work in sort of the same way like be quick to bank profits between 1.00pm-2.30pm then wait for NY open fakeout and then look for a bigger run.
That could have been my mistake today
we faked out the low of the day at 2.00pm just like a FO fakeout the when NY opened we faked out up to the Asian high, 50% of days move,weekly pivot and 75 psych level.
After this we started moving in the true direction of NY with a LH at 15.05 to traget of 15500.

Cheers
Sorry cannot comment at all on NY open to trade same manner.

I do know that good candles, vol, 100% system OK any time.
  • #2,626
  • Aug 24, 2010 1:56am Aug 24, 2010 1:56am
We did not take 30 min 2b buy set up as we wanted to stay with trend. 15 min had a high vol hammer.

I don't know how much this is stretching the rules, feel free to comment.

5 min chart, vol is falling off on the move up to 25 psych level. In the big picture we're still on a lh, however we are running above the last 5 min lh with a few pips. FH half hour reversal time (thanks Islander).

We took the trade FH reversal, low vol move up against the trend, psych level break failed, supp/res level obvious, a 2b possible set up on the last high 8 candles earlier (5 min chart).

Exit when break below RN hesitated and my auto +20 bank indi was going crazy, +23.
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  • #2,627
  • Aug 24, 2010 1:58am Aug 24, 2010 1:58am
Quoting Vantage
We did not take 30 min 2b buy set up as we wanted to stay with trend. 15 min had a high vol hammer.

I don't know how much this is stretching the rules, feel free to comment.

5 min chart, vol is falling off on the move up to 25 psych level. In the big picture we.re still on a lh, however we are running above the last 5 min lh with a few pips. FH half hour reversal time (thanks Islander).

We took the trade FH reversal, low vol move up against the trend, psych level break failed, supp/res level obvious, a 2b possible set up.

Exit when break...
If you think you have good reason to stretch your rules rather do it with the trend than against it.
  • #2,628
  • Aug 24, 2010 2:07am Aug 24, 2010 2:07am
Quoting Vantage
We did not take 30 min 2b buy set up as we wanted to stay with trend. 15 min had a high vol hammer.

I don't know how much this is stretching the rules, feel free to comment.

5 min chart, vol is falling off on the move up to 25 psych level. In the big picture we're still on a lh, however we are running above the last 5 min lh with a few pips. FH half hour reversal time (thanks Islander).

We took the trade FH reversal, low vol move up against the trend, psych level break failed, supp/res level obvious, a 2b possible set up on the last high 8...
Nice trade...hesitated due to lengthy bar
  • #2,629
  • Aug 24, 2010 2:08am Aug 24, 2010 2:08am
Reversal Signals Left Right and Center.

Massive down momentum though.
  • #2,630
  • Aug 24, 2010 2:13am Aug 24, 2010 2:13am
Quoting lefteye
Nice trade...hesitated due to lengthy bar
Hi lefteye
That is 1 benefit of a 7RB bar.
  • #2,631
  • Aug 24, 2010 2:13am Aug 24, 2010 2:13am
Yes i am also hesitant to take shorts at the moment. If it breaks up, lets hope it has some power behind it
  • #2,632
  • Aug 24, 2010 2:16am Aug 24, 2010 2:16am
Quoting Musashi
Reversal Signals Left Right and Center.

Massive down momentum though.
GU 15 min had high vol push down and then another 15 min hammer. So yes that is now giving buy signals, I have no confidence in buy ATM, but worried about the reversal signals. Still looking for sell confirmations.
  • #2,633
  • Aug 24, 2010 2:18am Aug 24, 2010 2:18am
Mrs V has just torn me a new one for posting and missing our entry, ouch.
  • #2,634
  • Aug 24, 2010 2:18am Aug 24, 2010 2:18am
Quoting A-game
Yes i am also hesitant to take shorts at the moment. If it breaks up, lets hope it has some power behind it
With trend and momentum is typically best idea...
  • #2,635
  • Aug 24, 2010 2:19am Aug 24, 2010 2:19am
Quoting Vantage
Hi lefteye
That is 1 benefit of a 7RB bar.
Agreed, 21pips~3 x 7RB
  • #2,636
  • Aug 24, 2010 2:39am Aug 24, 2010 2:39am
GU 7R Reversal Setup if you are game !!!
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  • #2,637
  • Aug 24, 2010 2:55am Aug 24, 2010 2:55am
Counter Trend
  • #2,638
  • Edited 3:26am Aug 24, 2010 3:03am | Edited 3:26am
Quoting Musashi
GU 7R Reversal Setup if you are game !!!
You are much braver than I, my friend, but then again I suppose with a name like Musashi that is to be expected. I'm not touching longs until we at least get a HH and hold above 5400. Will need some other signals through VSA and higher TFs as well, most likely. Hope it works out for ya.

Edit: I should also mention that I have a potential support level in here at 5380 (March 17th high) so I am a little wary in both directions right now. I basically want to see something definitive in either direction before I jump in.
  • #2,639
  • Aug 24, 2010 3:25am Aug 24, 2010 3:25am
We had a -4 re-entry on gu and missed ej running its stops.

Did get this lh pullback to psych level for +33.
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  • #2,640
  • Aug 24, 2010 3:27am Aug 24, 2010 3:27am
Quoting Auron112
Edit: I should also mention that I have a potential support level in here at 5380 (March 17th high) so I am a little wary in both directions right now.
Also W M1 right on the 75 level.
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