Higher low, lower high system | Page 150 | 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

  • #2,981
  • Sep 24, 2010 7:44am Sep 24, 2010 7:44am
Quoting reflex
Retraces off the 15717-729 area seem to be getting weaker and weaker and time between touches is getting closer. So we may see that level it get taken out today.
We took it out but had to stick to my rules and close long before news. Entry was a HL off 15706 of S/R on 5min from yesterday and strong again today.
Shame that would have been a nice amount of pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-24_1343_001.jpg Size: 96 KB
  • #2,982
  • Sep 24, 2010 8:34am Sep 24, 2010 8:34am
h1 2b with div, what a beauty
Attached Image (click to enlarge)
Click to Enlarge Name: eu24.gif Size: 23 KB
  • #2,983
  • Sep 24, 2010 8:43am Sep 24, 2010 8:43am
Quoting reflex
We took it out but had to stick to my rules and close long before news. Entry was a HL off 15706 of S/R on 5min from yesterday and strong again today.
Shame that would have been a nice amount of pips.
Nice trade reflex, there was a h1 vantage hl shortly before you entered as well, a 2b pattern with CI divergence too.
  • #2,984
  • Sep 24, 2010 11:19am Sep 24, 2010 11:19am
Quoting jag1966
Nice trade reflex, there was a h1 vantage hl shortly before you entered as well, a 2b pattern with CI divergence too.
Hi jag I really can't beleive how clear trading is becoming these days I swear it 90% psychological!
shame about all the news out today all the technicals were saying price was going to 824 but had to leave all trades becasue of news.
  • #2,985
  • Sep 24, 2010 11:37am Sep 24, 2010 11:37am
another couple of good trade examples.

No.1 on the 5min was the trade I took and had to close before news the reason I personally wouldn't have took the HLs before the one I did take was becasue we had just hit strong resistance on the H1 at 15729 and I wanted to see how price was going to react to that area before I got in again. The fact it stayed up near the level without a big retrace was the reason I took the long when I did and also the H1 was indicating a breakout through the 15717-15729 level as posted earlier. The trade was took off of strong S/R on the 5min at 15706 been used alot today and yesterday.

Target on this was 15773 next H1 resistance but like I said had to close before news.

No.2 on the 5min was another entry in to longs after the H1 closed above the 15773 level came back used it as support then went off again with a HL entry target on this trade was the 15824 next H1 resistance took a while but eventually got there. Now the H1 has closed above 15824 you can see that is now being used as support.

My reason for not taking short off any of the areas are
1. they would be counter trend.
2. the break of 15729 was to strong for me to go against.
3. the H1 closed above the resistance at 15773 and 15824 this is something I pay alot of attention to.

Again all entrys are using Vanatges HL/LH method.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-09-24_1723.jpg Size: 95 KB
Click to Enlarge Name: 2010-09-24_1722_001.jpg Size: 105 KB
  • #2,986
  • Sep 24, 2010 11:38am Sep 24, 2010 11:38am
PAGE 200!!!
  • #2,987
  • Sep 24, 2010 11:42am Sep 24, 2010 11:42am
Quoting reflex
Hi jag I really can't beleive how clear trading is becoming these days I swear it 90% psychological!
shame about all the news out today all the technicals were saying price was going to 824 but had to leave all trades becasue of news.
You have a PM mate.
  • #2,988
  • Sep 24, 2010 11:48am Sep 24, 2010 11:48am
Quoting reflex
another couple of good trade examples.

No.1 on the 5min was the trade I took and had to close before news the reason I personally wouldn't have took the HLs before the one I did take was becasue we had just hit strong resistance on the H1 at 15729 and I wanted to see how price was going to react to that area before I got in again. The fact it stayed up near the level without a big retrace was the reason I took the long when I did and also the H1 was indicating a breakout through the 15717-15729 level as posted earlier. The trade was took off of...
Haha reflex you are on fire mate, good res becomes support trading. Like you said what could be simpler?
  • #2,989
  • Sep 24, 2010 11:48am Sep 24, 2010 11:48am
Quoting reflex
another couple of good trade examples.

No.1 on the 5min was the trade I took and had to close before news the reason I personally wouldn't have took the HLs before the one I did take was becasue we had just hit strong resistance on the H1 at 15729 and I wanted to see how price was going to react to that area before I got in again. The fact it stayed up near the level without a big retrace was the reason I took the long when I did and also the H1 was indicating a breakout through the 15717-15729 level as posted earlier. The trade was took off of...
Very nice stuff guys.

Jag I missed the ej version of the 2b you posted, it had a 15 min hammer preceeding it and was a gimme, just like the eu trade.

Reflex nice charts. Nice spot on gu with the smaller bounces giving away the move up.

The gu chart, the top one in your post. Often hl/lh's that are so small they are hard to spot preceed a decent move. See the trade marked 1 and the 2/3 marginally hl's that preceeded the 1. Like smaller bounces from a key level will often see that level fail, this is a little trick worth remembering.

I was actually sleeping after a late night last night. Nice stuff.
  • #2,990
  • Sep 24, 2010 12:10pm Sep 24, 2010 12:10pm
Quoting Vantage
Very nice stuff guys.

Jag I missed the ej version of the 2b you posted, it had a 15 min hammer preceeding it and was a gimme, just like the eu trade.

Reflex nice charts. Nice spot on gu with the smaller bounces giving away the move up.

The gu chart, the top one in your post. Often hl/lh's that are so small they are hard to spot preceed a decent move. See the trade marked 1 and the 2/3 marginally hl's that preceeded the 1. Like smaller bounces from a key level will often see that level fail, this is a little trick worth remembering.

I was...

Hi Vantage I have been using this alot lately you posted a few setups a while ago and I have been watching for this closely.
Watching for the weaker bounces has kept me in a lot of tardes that went on to do big runs. Like you say definetly worth watching.
  • #2,991
  • Sep 25, 2010 2:04am Sep 25, 2010 2:04am
Quoting reflex
Hi Vantage I have been using this alot lately you posted a few setups a while ago and I have been watching for this closely.
Watching for the weaker bounces has kept me in a lot of tardes that went on to do big runs. Like you say definetly worth watching.
Whilst I was sleeping Mrs V said she was also watching the smaller bounces but also left the gu trade due to US news.
  • #2,992
  • Edited 3:29am Sep 25, 2010 3:07am | Edited 3:29am
Quoting reflex
another couple of good trade examples.

No.1 on the 5min was the trade I took and had to close before news the reason I personally wouldn't have took the HLs before the one I did take was becasue we had ....

Target on this was 15773 next H1 resistance but like I said had to close before news.

...

Again all entrys are using Vanatges HL/LH method.
Hi Reflex,
where did you get 15773 and 15823 from?

Thanks!
  • #2,993
  • Sep 25, 2010 5:34am Sep 25, 2010 5:34am
Quoting lefteye
Hi Reflex,
where did you get 15773 and 15823 from?

Thanks!
Hi lefteye

I got those levels by looking back on the H1 chart sometimes the daily chart aswell and just plotting the S/Rs and then try to trade from one to the other with the trend watching H1 closes and 5min PA carefully around these levels to see if it will continue or reverse.

On counter trend trades I don't look to trade back to the next S/R on the H1 I usually only take 15-20 on these closing at 5-15min S/R for smaller targets but am starting to think its not worth the stress of going counter trend for me.

When price bounces off one of these levels to quick for me to get an entry I am always looking for price to pullback to 5-15min S/Rs for a Vantage entry (HL/LH) to ride to target to next H1 S/R.

The chart below is where I got the 15824 and 15773 it should have been 15775 but I had the S/R in the wrong place by a few pips. The month in the chart is august

One last thing I always watch for S/Rs to conincide with TLs, pivots, big fibs and RNs ect cause these are usually worth most pips.

Cheers.
Reflex
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-25_1115.jpg Size: 104 KB
  • #2,994
  • Sep 27, 2010 4:31am Sep 27, 2010 4:31am
EU and GU were hard for me to read today, EJ gave a nice clue with the H1 vantage reversal. Dropped to m5 and waited for the retest of old supp becomes new res then took the m5 vantages.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej1.gif Size: 29 KB
Click to Enlarge Name: ej5.gif Size: 29 KB
  • #2,995
  • Sep 27, 2010 5:12am Sep 27, 2010 5:12am
Quoting jag1966
EU and GU were hard for me to read today, EJ gave a nice clue with the H1 vantage reversal. Dropped to m5 and waited for the retest of old supp becomes new res then took the m5 vantages.
Hi I also found GU hard to read today had a -15on trade No.1 and got my self back up to BE on the day with trade No.2

Trade No.2 was the much better setup for me as I was seeing it as LO fake with a 2B setup entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-27_1112.jpg Size: 86 KB
  • #2,996
  • Sep 27, 2010 5:20am Sep 27, 2010 5:20am
Pound might be a good short intraday off of this level.

7R showing some resistance around.
  • #2,997
  • Sep 27, 2010 7:28am Sep 27, 2010 7:28am
Just got back had to pop out. Did get this lh earlier. EJ 1 hr down, 15 min had a hammer, pos close on lower vol and then a neg close doji. Suggesting buyers not yet interested.

5 min had had lower highs, lower lows and we were still on lh. Target was RN out +16 when that failed to reach.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.gif Size: 25 KB
Click to Enlarge Name: 3.gif Size: 21 KB
  • #2,998
  • Sep 27, 2010 7:36am Sep 27, 2010 7:36am
I also found gu hard to read this am which is why we traded ej.

Whats interesting (pity I was out) is that both ej and gu had great hl buys in line with 1hr. EJ was perfect, gu did go against the 15 min shooting star but the 5 min vol gave the clue away.

If the candles are junk, trades prob will be I suppose is the moral of the story.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4.gif Size: 23 KB
Click to Enlarge Name: 5.gif Size: 23 KB
  • #2,999
  • Edited 12:29pm Sep 27, 2010 12:07pm | Edited 12:29pm
I should have stayed on my comp an hour longer.
This was a nice trade (white arrow up) no 15min with it but a bullish IB on the H1 closing above 15824 which is H1 S/R and the line in the sand over night.

The entry on the 5min was a HL off the TL running up from fris low to todays low also price came off the 15824 area near 25 psych level. Target as usual next H1 S/R at 15862 watching 15844 carefully.

Once at 15862 we had a 15min SS at an extreme and key area. On the 5min we had a LH to enter on off of 15862 level. with target again next H1 S/R 15824 this time I would be very carefull of 15844 (overnight high) and the bullish TL the 1st trade was took off of.

Cheers
Reflex.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-09-27_1802.jpg Size: 90 KB
Click to Enlarge Name: 2010-09-27_1754.jpg Size: 101 KB
  • #3,000
  • Sep 27, 2010 12:32pm Sep 27, 2010 12:32pm
Quoting reflex
I should have stayed on my comp an hour longer.
This was a nice trade (white arrow up) no 15min with it but a bullish IB on the H1 closing above 15824 which is H1 S/R and the line in the sand over night.

The entry on the 5min was a HL off the TL running up from fris low to todays low also price came off the 15824 area near 25 psych level. Target as usual next H1 S/R at 15862 watching 15844 carefully.

Once at 15862 we had a 15min SS at an extreme and key area. On the 5min we had a LH to enter on off of 15862 level. with target again next H1 S/R...
This TL was not shown on 1st chart there were two TL coinciding for the 1st trade and the second one was close to the 15844 that why I would have been very carefull of the 15844 area on the short.

Chart below with other TL on.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-27_1831.jpg Size: 85 KB
13 traders viewing now