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Higher low, lower high system

  • #3,061
  • Sep 30, 2010 1:30am Sep 30, 2010 1:30am
Short EU using h1 then m5 Vantage lh. Marked h1 supp, wait for it to be used as res.
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  • #3,062
  • Sep 30, 2010 1:33am Sep 30, 2010 1:33am
Some support levels to break around 5810 before this will go lower.
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  • #3,063
  • Sep 30, 2010 1:55am Sep 30, 2010 1:55am
Can't stop the market ranging.

Still holding firm with resistance steady.
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  • #3,064
  • Sep 30, 2010 1:56am Sep 30, 2010 1:56am
EJ some Lower Highs.
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  • #3,065
  • Sep 30, 2010 2:10am Sep 30, 2010 2:10am
Appears that London going to shake me out...

  • #3,066
  • Sep 30, 2010 2:35am Sep 30, 2010 2:35am
Hi all nice 2B to start the day off of key area (15862) after LO fake took profit at 15825.
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  • #3,067
  • Sep 30, 2010 2:49am Sep 30, 2010 2:49am
Quoting reflex
Hi all nice 2B to start the day off of key area (15862) after LO fake took profit at 15825.
I waited for the bounce off yesterdays low and used m1 reversals off recent H1 support. Beautiful.
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  • #3,068
  • Sep 30, 2010 3:11am Sep 30, 2010 3:11am
Quoting jag1966
I waited for the bounce off yesterdays low and used m1 reversals off recent H1 support. Beautiful.
Nice! I don't think I will ever be good enough to trade the 1min it tempts me into too many trades lol.
  • #3,069
  • Edited 4:34am Sep 30, 2010 3:44am | Edited 4:34am
Quoting reflex
Nice! I don't think I will ever be good enough to trade the 1min it tempts me into too many trades lol.
The Vantage m15 reversal , the 9.30 candle (fxpro time), gave me the confidence to keep scalping longs, trends within trends and fractals at work.
  • #3,070
  • Sep 30, 2010 6:59am Sep 30, 2010 6:59am
Great trades! Can I ask you both, how often do you get faked out?
  • #3,071
  • Sep 30, 2010 7:10am Sep 30, 2010 7:10am
I thought I would post this one here aswell as EVs thread.
GU done 100pip run broke bull TL on the 5min then formed a LH SS under the 900 psych exiet 75 psych level and S/R from earlier.
big 15min bear bar before the 15min bar for this trade.

Cheers
Reflex
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  • #3,072
  • Sep 30, 2010 7:15am Sep 30, 2010 7:15am
Quoting Delite
Great trades! Can I ask you both, how often do you get faked out?
Hi delite I don't really know to be honest I watch the candles and area to give me clues as to weather its a fake.
But I think V might know the actuall percenatges.

Cheers
  • #3,073
  • Sep 30, 2010 7:18am Sep 30, 2010 7:18am
Quoting reflex
I thought I would post this one here aswell as EVs thread.
GU done 100pip run broke bull TL on the 5min then formed a LH SS under the 900 psych exiet 75 psych level and S/R from earlier.
big 15min bear bar before the 15min bar for this trade.

Cheers
Reflex
Nice trade again Luke, is it your Birthday?
  • #3,074
  • Sep 30, 2010 7:36am Sep 30, 2010 7:36am
Quoting reflex
Hi delite I don't really know to be honest I watch the candles and area to give me clues as to weather its a fake.
But I think V might know the actuall percenatges.

Cheers

thanks! It was more of a 'feel' I wanted than exact stats. The reason for my question came about from a trade I had going in my head. On GU I had a mental entry at 15892 (the 1-2-3 reversal from the extreme high). It seemed not to be working and I thought maybe the uptrend was too strong, but then it worked beautifully. Should have been a real trade!
  • #3,075
  • Sep 30, 2010 8:46am Sep 30, 2010 8:46am
Quoting jag1966
Nice trade again Luke, is it your Birthday?
Yep but probably should have held on for bit longer like Musashi did.
Haha yep 20 today.

Cheers.
  • #3,076
  • Sep 30, 2010 8:50am Sep 30, 2010 8:50am
Quoting Delite
thanks! It was more of a 'feel' I wanted than exact stats. The reason for my question came about from a trade I had going in my head. On GU I had a mental entry at 15892 (the 1-2-3 reversal from the extreme high). It seemed not to be working and I thought maybe the uptrend was too strong, but then it worked beautifully. Should have been a real trade!
Nice I'm not at charts at the moment but I think I know the setup you mean. Bet you wish you really did do it know after GU did that drop!!

Cheers
Reflex.
  • #3,077
  • Sep 30, 2010 9:09am Sep 30, 2010 9:09am
Quoting reflex
Nice I'm not at charts at the moment but I think I know the setup you mean. Bet you wish you really did do it know after GU did that drop!!

Cheers
Reflex.

Story of my life at the moment! It will all come together, I'm sure!
  • #3,078
  • Oct 1, 2010 3:30am Oct 1, 2010 3:30am
Hi Delite
Your results will depend on how closely you want to follow the rules.

This is a typical day actually.

Left arrow down, price is at an extreme for the session and a key level, reject of psych level. 15 min turn candle and 5 min lh little/no lower wick.

Left arrow up, hl in line with 1 hr and 15 min pos closes. A gimme, we did this one.

The x is a 2b trade. We did not consider as gu had broken range ie above 50 level but had not gone close to its session range. With 2 15 min hammers chance of a loss here would be high so whilst we didn't take this trade lets say system loss OK.

Right arrow up, a nice hl back in direction of trend, this might not have been taken due to the 15 min hammers but this is a solid turn in direction of days move and a decent trade to take. But lets say again that you didn't take as it was against the 15 min candles.

That means system has given 3 trades 2 winners, 1 loser. Likely net for day around 40 pips using the MM we suggest 3-4% return for the day. If you took the last mentioned trade a lot more obviously.
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  • #3,079
  • Oct 1, 2010 5:30am Oct 1, 2010 5:30am
Quoting Vantage
Hi Delite
Your results will depend on how closely you want to follow the rules.

This is a typical day actually.

Left arrow down, price is at an extreme for the session and a key level, reject of psych level. 15 min turn candle and 5 min lh little/no lower wick.

Left arrow up, hl in line with 1 hr and 15 min pos closes. A gimme, we did this one.

The x is a 2b trade. We did not consider as gu had broken range ie above 50 level but had not gone close to its session range. With 2 15 min hammers chance of a loss here would be high so whilst...
Hi V glad you got that 1st arrow up trade I made the mistake of reading my emails at London open and missed it!
  • #3,080
  • Oct 1, 2010 5:39am Oct 1, 2010 5:39am
Quoting reflex
Hi V glad you got that 1st arrow up trade I made the mistake of reading my emails at London open and missed it!
Mrs V has a blunt spoon handy to remove whats left if I do emails etc in trading time!! She doesn't even warm it up!! I live in a constant state of fearbut after last months performance she is quite right.

Trading time is trading time.
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