Higher low, lower high system | Page 138 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What are Higher High, Higher Low, Lower High and Lower Low? 11 replies

How to program Higher-High Higher-Low 19 replies

Higher High/Higher Low indicator conversion from 4 to 5 decimals. Help anyone? 2 replies

Can u point me to code 2 show each bar with a higher high & higher low? 2 replies

High to High and Low to low time cycles 1 reply

Attachments: Higher low, lower high system
Exit Attachments

Higher low, lower high system

  • #2,741
  • Aug 26, 2010 1:22pm Aug 26, 2010 1:22pm
Final question for the day and it regards economic news releases.

What if you see a classic setup which comes about 20 minutes before a news release?

Do you take it, thinking that the currency is rising/falling in anticipation of the news

or

Do you steer clear and wait for another entry point when the dust has settled

or

Do you place orders at strategic points above or below the current price thinking that if the news takes the price further in its current direction you can pick up some of the action?
  • #2,742
  • Aug 26, 2010 6:36pm Aug 26, 2010 6:36pm
Hi Vantage,

If we see the 2b pattern, classic 123, M, or W in M5. We need to confirm to M15 or H1 candle ? If M15 show the shooting candle. We can enter the trade.

Or we just find 2b pattern in M5 only and we can enter the trade ?


Thanks,
  • #2,743
  • Aug 27, 2010 1:00am Aug 27, 2010 1:00am
Quoting Delite
Final question for the day and it regards economic news releases.

What if you see a classic setup which comes about 20 minutes before a news release?

Do you take it, thinking that the currency is rising/falling in anticipation of the news

or

Do you steer clear and wait for another entry point when the dust has settled

or

Do you place orders at strategic points above or below the current price thinking that if the news takes the price further in its current direction you can pick up some of the action?
If its the biggest news releases NFP, int rates, GBP monetary policy minutes I'd always steer clear.

I have taken, and seen others take, solid trades 20 mins or so before news with no problems. We are looking to take more trades before news if the set up is right. If I'm in a trade we would look to bank some and have stop at BE in case it goes against us.
  • #2,744
  • Aug 27, 2010 1:03am Aug 27, 2010 1:03am
Quoting pipfirst
Hi Vantage,

If we see the 2b pattern, classic 123, M, or W in M5. We need to confirm to M15 or H1 candle ? If M15 show the shooting candle. We can enter the trade.

Or we just find 2b pattern in M5 only and we can enter the trade ?


Thanks,
I always like to see some supporting info from 15 min, perhaps vol falling away, double top, hammer/shooting star etc etc.

See trade 1 on first post. If its one of trades you mention at extreme, at key level you don't need the 1hr to signal.
  • #2,745
  • Aug 27, 2010 1:37am Aug 27, 2010 1:37am
What's cooking ?
  • #2,746
  • Aug 27, 2010 1:40am Aug 27, 2010 1:40am
Quoting Musashi
What's cooking ?
Nothing and I'm hungry!!
  • #2,747
  • Aug 27, 2010 1:45am Aug 27, 2010 1:45am
Possible longs today on the euro and pound?
  • #2,748
  • Aug 27, 2010 2:31am Aug 27, 2010 2:31am
I sold GU at 1.5495 on basis of lhs on crb7 & break of previous m15 low. It's very slow. I'm waiting for price to drop of the ledge (hopefully).

Steve
  • #2,749
  • Aug 27, 2010 2:41am Aug 27, 2010 2:41am
Stopped out at be+2!

Steve
  • #2,750
  • Aug 27, 2010 2:51am Aug 27, 2010 2:51am
Just hoping for pa to settle down a little, that this push down proves to be the LO head fake. No trades for me yet.
  • #2,751
  • Aug 27, 2010 3:08am Aug 27, 2010 3:08am
Quoting Vantage
Just hoping for pa to settle down a little, that this push down proves to be the LO head fake. No trades for me yet.
Seems to me market is trying to take a decision. I'll decide when it has decided.
Follow the boss always
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #2,752
  • Aug 27, 2010 3:14am Aug 27, 2010 3:14am
Bull glasses are on.... news coming soon though so best to stand aside
  • #2,753
  • Aug 27, 2010 3:18am Aug 27, 2010 3:18am
Quoting Precap2
Seems to me market is trying to take a decision. I'll decide when it has decided.
Follow the boss always
Welcome Precap2.

Yes thats the reason behind trading the test and failures, hopefully the battle has been won when we come along.
  • #2,754
  • Aug 27, 2010 3:20am Aug 27, 2010 3:20am
Quoting Musashi
Bull glasses are on.... news coming soon though so best to stand aside
I don't know who'll win the res at Apr high 5525 or supp at 5490. Just waiting like you say.
  • #2,755
  • Aug 27, 2010 3:25am Aug 27, 2010 3:25am
Quoting Vantage
I don't know who'll win the res at Apr high 5525 or supp at 5490. Just waiting like you say.

5525 is also the open of the Asian session.
  • #2,756
  • Aug 27, 2010 3:26am Aug 27, 2010 3:26am
Quoting Vantage
I don't know who'll win the res at Apr high 5525 or supp at 5490. Just waiting like you say.
Well i'm +1.2% today at this point.

Time to stand aside now.
  • #2,757
  • Aug 27, 2010 4:27am Aug 27, 2010 4:27am
Quoting Musashi
Well i'm +1.2% today at this point.

Time to stand aside now.
Well done, Mrs V has declared this a trading holiday due to the hyper boring pa.

We are up on last 2 months so are happy despite several not very productive days. Roll on Sep and some more volume.
  • #2,758
  • Aug 27, 2010 4:39am Aug 27, 2010 4:39am
Quoting Vantage
Well done, Mrs V has declared this a trading holiday due to the hyper boring pa.

We are up on last 2 months so are happy despite several not very productive days. Roll on Sep and some more volume.
When do the big boys return from their holidays? Will it be the week after next?

Enjoy your impromptu vacation!
  • #2,759
  • Aug 27, 2010 4:49am Aug 27, 2010 4:49am
Quoting Delite
When do the big boys return from their holidays? Will it be the week after next?

Enjoy your impromptu vacation!
Cheers, not a hol for me, I have been volunteered to organise lunch (any min now).

I'm hoping for next week actually, we'll see.
  • #2,760
  • Aug 28, 2010 6:51am Aug 28, 2010 6:51am
Quoting Auron112
Here you go, Steve. I did find the indi here on FF, but admittedly it wasn't easy. There are precious few sources of info here on it. Just put the indicator in your EXPERTS folder and then follow the directions from Musashi a few pages back to get it running. Worked for me by following his instructions.

Just make sure you load it up on a normal live chart first, and then open the offline chart once you've got the settings you want. That's where I went wrong initially. The m1 chart will feed the data to the offline R7, R15 or R25 chart.
Please note that this is copyrighted script and I'm reporting it to admin.
2 traders viewing now