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Higher low, lower high system

  • #2,681
  • Aug 25, 2010 5:17am Aug 25, 2010 5:17am
Quoting reflex
Hi Vantage took same trade entered two bars back from yours though posted in islander and medici as looked like no one was on here earlier.

2 quite nice sells earlier aswell posted in islander and medici one in Frankies and other on London open.

All LHs still not confident to anything but HL/LH but will def start doing 2Bs soon though.

Cheers
Nice.

You can still post here even if its quiet, we'll see it!!
  • #2,682
  • Aug 25, 2010 5:19am Aug 25, 2010 5:19am
Just got into a long on ej potential 2:1 trade

107.10 ish for exit area..

Alll momentum died here... might reconsider and not take a full loss if it decides to find resistance at 107.00

Decision we make.
  • #2,683
  • Aug 25, 2010 5:23am Aug 25, 2010 5:23am
Quoting Musashi
Just got into a long on ej potential 2:1 trade

107.10 ish for exit area..

Alll momentum died here... might reconsider and not take a full loss if it decides to find resistance at 107.00

Decision we make.
Bit of a dicey one to me this may just be a pause in move down. Good luck.
  • #2,684
  • Aug 25, 2010 5:25am Aug 25, 2010 5:25am
Quoting Vantage
Nice.

You can still post here even if its quiet, we'll see it!!
Is there a way I can set up ff to email me when your thread is being posted on I'v heard you say that they have emailed you before.

And I will in future I have also gone down alot i'm on 0.20% risk as it august and plus I want my full account to still all be there when I have proved to myself I can be consistent for atleast 3-4 months or even a year then I will go up to 1.5% risk.
  • #2,685
  • Aug 25, 2010 5:27am Aug 25, 2010 5:27am
Quoting Vantage
Bit of a dicey one to me this may just be a pause in move down. Good luck.
Yes it is a bit dicey....

Most likely a decision I will have to analyze later.
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  • #2,686
  • Aug 25, 2010 5:33am Aug 25, 2010 5:33am
Quoting reflex
Is there a way I can set up ff to email me when your thread is being posted on I'v heard you say that they have emailed you before.

And I will in future I have also gone down alot i'm on 0.20% risk as it august and plus I want my full account to still all be there when I have proved to myself I can be consistent for atleast 3-4 months or even a year then I will go up to 1.5% risk.
Under thread tools, click on subscribe and choose the immediate email option.

Absolutely nothing wrong with your strategy on risk and proving profitability. In fact thats 100%.
  • #2,687
  • Aug 25, 2010 5:33am Aug 25, 2010 5:33am
Just going into chop mode now it seems.

Oh well that's the breaks.

Notice the higher level of support.

If it breaks that level I will be looking to exit before hitting my sl.
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  • #2,688
  • Aug 25, 2010 5:43am Aug 25, 2010 5:43am
Ok I exited.

Some possible resistance here. I have yet to find a perfect exit system

1.2:1 trade
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  • #2,689
  • Aug 25, 2010 5:47am Aug 25, 2010 5:47am
Quoting Vantage
Under thread tools, click on subscribe and choose the immediate email option.

Absolutely nothing wrong with your strategy on risk and proving profitability. In fact thats 100%.
Cheers I will do that now.
  • #2,690
  • Aug 25, 2010 6:31am Aug 25, 2010 6:31am
Quoting Musashi
Ok I exited.

Some possible resistance here. I have yet to find a perfect exit system

1.2:1 trade

Counter trend nothings perfect and pretty much anything you bank is an absolute bonus.

With the trend the day you get 100% of move is the day you fluke it. Just ask yourself what did market reasonably give according to your system in the time you were at the computer.

Then if all else fails you say wow I did 3% from 0.5% risk, what do I reasonably expect to do?
  • #2,691
  • Aug 25, 2010 6:34am Aug 25, 2010 6:34am
Nice price action signal to short EJ right after I exited my long.

Don't want to over trade however.

It's a curse
  • #2,692
  • Aug 25, 2010 6:37am Aug 25, 2010 6:37am
Quoting Musashi
Nice price action signal to short EJ right after I exited my long.

Don't want to over trade however.

It's a curse
Hey M don't mean this in a bad way just a Q.

Was the overtrade the counter trend or the with trend reject of 107?
  • #2,693
  • Aug 25, 2010 6:39am Aug 25, 2010 6:39am
Quoting Vantage
Hey M don't mean this in a bad way just a Q.

Was the overtrade the counter trend or the with trend reject of 107?

Well the over trade was the rejection at the 107.00, I seriously considered the short, but I have to stop sometime...

At that point the intraday trend was still bullish, so that was enough of a reason not to take the trade.

I know the overall trend on EJ is down however.
  • #2,694
  • Aug 25, 2010 6:42am Aug 25, 2010 6:42am
It was a key level at which something was going to happen.
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  • #2,695
  • Aug 25, 2010 7:18am Aug 25, 2010 7:18am
This was my first day of trading with CRB7 live. I got 35 pips out of 3 trades which is fine for me. I like to be in & out as quick as possible. I'd rather use more lots than more time. I used the CRB7 instead of M5 as an hl/lh entry after identifying an opportunity using my regular M15 method (basically 3 bar breakout with trend).

The CRBs help to refine entries but I'm not so sure how well they might perform on their own. Does anyone trade using only CRBs? At the moment it seems to me that you could end up in a lot of low probability trades (although they might work out, it would be very stressful!)

I like the potential of CRBs but need to put in a lot more screen time to really get on top of them. There doesn't appear to be any resources on the net. I really admire your skill with them, Musashi, how did you aquire it?

Will CRBs get a write up the first post of this excellent thread? I continue to learn so much from evryone one here.

Steve
  • #2,696
  • Aug 25, 2010 7:28am Aug 25, 2010 7:28am
Quoting zhdeef
This was my first day of trading with CRB7 live. I got 35 pips out of 3 trades which is fine for me. I like to be in & out as quick as possible. I'd rather use more lots than more time. I used the CRB7 instead of M5 as an hl/lh entry after identifying an opportunity using my regular M15 method (basically 3 bar breakout with trend).

The CRBs help to refine entries but I'm not so sure how well they might perform on their own. Does anyone trade using only CRBs? At the moment it seems to me that you could end up in a lot of low probability trades...
How did i learn ??

About 2-3 years of screen time.

Last 12mnths using Range Bars.

Observing how price behaves at round numbers, fibonacci levels, support resistance zones.

Probability of trade depends on time of day, support resistance zone, round numbers.

Pleased that you like the potential.



Maybe I should write a .pdf explaining how to use range bars and all the things that I have locked away in my memory banks.

Now that would be worth a read.
  • #2,697
  • Aug 25, 2010 7:37am Aug 25, 2010 7:37am
Quoting Musashi
How did i learn ??

About 2-3 years of screen time.

Last 12mnths using Range Bars.

Observing how price behaves at round numbers, fibonacci levels, support resistance zones.

Probability of trade depends on time of day, support resistance zone, round numbers.

Pleased that you like the potential.



Maybe I should write a .pdf explaining how to use range bars and all the things that I have locked away in my memory banks.

Now that would be worth a read.


Thanks for the info, I'm definitely going to make the effort. I look forward to the pdf. I'll bet writing such a document would also refine your skills even further as it forces you to examine your methods in greater details.

Steve
  • #2,698
  • Aug 25, 2010 7:42am Aug 25, 2010 7:42am
Quoting zhdeef
Will CRBs get a write up the first post of this excellent thread? I continue to learn so much from evryone one here.

Steve
Hi Steve
I'm sure they will but apart from a limited number of situations I don't feel confident enough just yet to do that.
  • #2,699
  • Aug 25, 2010 7:43am Aug 25, 2010 7:43am
Quoting Musashi

Maybe I should write a .pdf explaining how to use range bars and all the things that I have locked away in my memory banks.

Now that would be worth a read.
And it would be greatly appreciated by many I'm sure.
  • #2,700
  • Aug 25, 2010 7:47am Aug 25, 2010 7:47am
My number one post to FX Factory prompted by Musashi"s
excellent contributions to Vantages thread. I have learned
a great deal from your postings and would appreciate any thoughts you can muster on CRB"s which I use for my trading? Anyway keep up the good work.
Georgec.
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