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Higher low, lower high system

  • #3,081
  • Oct 1, 2010 5:45am Oct 1, 2010 5:45am
Quoting Vantage
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.
Haha! Yep a mistake I won't make again!
This month I am going to try and make it a 20% month I'm still not on full % but as if I were risking 1.5% thats my goal for this month. Already missed out on about 10% of that today!lol
  • #3,082
  • Oct 1, 2010 6:08am Oct 1, 2010 6:08am
Quoting reflex
Haha! Yep a mistake I won't make again!
This month I am going to try and make it a 20% month I'm still not on full % but as if I were risking 1.5% thats my goal for this month. Already missed out on about 10% of that today!lol
Days like today come along more regularly than we think but entries may get missed, news interferes etc etc. There are still many good opportunities though to get a few of these each month, helping that ROI significantly.

Just glad last months poor start (slow 1st week US holidays, NFP day) which develped into a shocker month is behind us.
  • #3,083
  • Oct 1, 2010 6:12am Oct 1, 2010 6:12am
Nice LH off an extreme and S/R on the H1 big 15min SS had formed one candle before the 15min bar that you would have had for entry but when the doji like bar on the 15min hit long it instantly sold off into the LH ss on the 5min.
once the 50 level broke went straight to 25 level. Yellow lines are psych levels.
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  • #3,084
  • Edited 6:39am Oct 1, 2010 6:28am | Edited 6:39am
Quoting Vantage
Days like today come along more regularly than we think but entries may get missed, news interferes etc etc. There are still many good opportunities though to get a few of these each month, helping that ROI significantly.

Just glad last months poor start (slow 1st week US holidays, NFP day) which develped into a shocker month is behind us.
Yep and most of the time these HL/LHs at key areas like psych levels pivots ect get you into the big move of the day. Like I just write on acumens/EVs thread I tend to after a couple of consistent weeks drift off into looking for massive runs and always end up making less than I was before and going back to doing what you have said to do all along take 20-30 at keys areas and leave rest running if you think its London move.

Cheers.
  • #3,085
  • Oct 1, 2010 8:20am Oct 1, 2010 8:20am
Quoting reflex
Nice LH off an extreme and S/R on the H1 big 15min SS had formed one candle before the 15min bar that you would have had for entry but when the doji like bar on the 15min hit long it instantly sold off into the LH ss on the 5min.
once the 50 level broke went straight to 25 level. Yellow lines are psych levels.
We looked at that 5 min lh shooting star. Whilst the 15 min shooting star set the tone for move down as you show the doji/hammer that followed kept us out. There was a trade later when 15 min flipped over. We had already decided to leave for the day as we got a nice piece of the move up.
  • #3,086
  • Oct 1, 2010 8:40am Oct 1, 2010 8:40am
Nothing clear for me first thing so I went back to bed.

Got up and shorted UJ from 83.37 for 20 pips.

Was hoping to catch EJ after it closed above old monthly res from June and August. Lovely 2b pattern and Res became Sup.
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  • #3,087
  • Edited 12:51pm Oct 1, 2010 10:41am | Edited 12:51pm
H4, H1 and M15 all still looked bullish. So I had another go using Daves HL on m5.

P.S. I put a hard stop at 114.25 to be safe, my mental stop was 114.30, 8 pips is insanely small but that is why I love Daves HL LH entry soooo much.

I closely watch EU GU and EJ all together and pick the best looking entry / setup to trade with.
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  • #3,088
  • Oct 1, 2010 2:42pm Oct 1, 2010 2:42pm
Quoting jag1966
H4, H1 and M15 all still looked bullish. So I had another go using Daves HL on m5.

P.S. I put a hard stop at 114.25 to be safe, my mental stop was 114.30, 8 pips is insanely small but that is why I love Daves HL LH entry soooo much.

I closely watch EU GU and EJ all together and pick the best looking entry / setup to trade with.
Nice trades jags!
Thought I would post the two 100% system trades on GU today there may have been some more after 12.00pm but I haven't looked.

the 1st one dead on LO had a possible 143pips in it and the 2nd had a possible 51pips in it. So today a possible 194pips in two trades both 100% system.
I know its pretty much impossible to take all of them but I wanted to show how many pips are there on these trades. If you only did one of those trades and ony took 20pips on it doing that everyday like V says you will make 40% a month.

Have a good weekend all.

Cheers.
Reflex.
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  • #3,089
  • Edited 3:36am Oct 2, 2010 3:21am | Edited 3:36am
Quoting reflex
Nice trades jags!
Thought I would post the two 100% system trades on GU today there may have been some more after 12.00pm but I haven't looked.

the 1st one dead on LO had a possible 143pips in it and the 2nd had a possible 51pips in it. So today a possible 194pips in two trades both 100% system.
I know its pretty much impossible to take all of them but I wanted to show how many pips are there on these trades. If you only did one of those trades and ony took 20pips on it doing that everyday like V says you will make 40% a month.

Have a good...
We took the LO trade as you point out. Like FO if its 100% according to rules we're taking them.

Nice stuff jag and reflex.
  • #3,090
  • Oct 4, 2010 3:27am Oct 4, 2010 3:27am
Hi all
there was a nice 2B trade off the 50 psych level and the bar closed above daily mid support 1.
I was out at 15783 but it could have been traded to the 800 psych level.
yellow lines are 15750 and 15800.

cheers.
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  • #3,091
  • Edited 4:38am Oct 4, 2010 3:57am | Edited 4:38am
Quoting reflex
Hi all
there was a nice 2B trade off the 50 psych level and the bar closed above daily mid support 1.
I was out at 15783 but it could have been traded to the 800 psych level.
yellow lines are 15750 and 15800.

cheers.
Nice one reflex.

Mrs V did 2 trades this am, I was in the background on the gu sell just to say it looked good. Went away and came back to some nice pips banked. Could have been more but she is a 20 pips bank Hall of Fame inductee.

OK 1st trade a 15 min shooting star co-incided with this 1 min lh.
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  • #3,092
  • Oct 4, 2010 4:04am Oct 4, 2010 4:04am
Again a Mrs V trade (sorry she doesn't know how to take pics when in trade).

Eur did not retrace anything like gu did. 15 min had a pos close on the purple D P 3733. That move was in the first 5 mins of that candle and for almost 20 mins could not break the pivot.

Waited patiently for a 1 min lh which came. Nice move down to RN.

Again out early but heck I'm not complaining. I wasn't around.

We used to do a lot of 1 min entries and the 7RB charts have brought those set ups back to us.

Trading key levels, good 15 min candles next 1 min move, 2nd 1 min hl/lh were set ups we liked.

Yes abve gu trade the 1 min lh coincided with the close of the 15 min candle, that happens sometimes.
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  • #3,093
  • Oct 4, 2010 4:07am Oct 4, 2010 4:07am
How's this for an interesting way to look at the Higher Lows and Lower Highs.

EU 2 Pip Range Bars.
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  • #3,094
  • Oct 4, 2010 4:09am Oct 4, 2010 4:09am
ej m1 chart
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  • #3,095
  • Oct 4, 2010 4:09am Oct 4, 2010 4:09am
5 trades this month 4 winners 1 losing, a good start to the month.

I have to go out again, Mrs V finished for the day (in bed now trying to stop sniffles getting hold ) so this it for a while.
  • #3,096
  • Oct 4, 2010 4:12am Oct 4, 2010 4:12am
Quoting Musashi
How's this for an interesting way to look at the Higher Lows and Lower Highs.

EU 2 Pip Range Bars.
I mean this in the nicest possible way - sometimes you scare me my friend. 2 pip range bars!!!!!!!!!!!
  • #3,097
  • Oct 4, 2010 4:13am Oct 4, 2010 4:13am
Quoting Vantage
5 trades this month 4 winners 1 losing, a good start to the month.

I have to go out again, Mrs V finished for the day (in bed now trying to stop sniffles getting hold ) so this it for a while.
Nice! Hope it continues.

I just had one more GU sell at 9.40 off the DP and RN LH but exited at BE it took a while to go then 15min closed as doji on the hour so didn't want to risk it.
  • #3,098
  • Oct 4, 2010 4:13am Oct 4, 2010 4:13am
Possible Higher Low on EU.

Moved stops right down now...
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  • #3,099
  • Oct 4, 2010 4:17am Oct 4, 2010 4:17am
Quoting Vantage
I mean this in the nicest possible way - sometimes you scare me my friend. 2 pip range bars!!!!!!!!!!!
It's not as dumb as it sounds.

You are not trading using a 2pip stop now are you.
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  • #3,100
  • Oct 4, 2010 4:21am Oct 4, 2010 4:21am
Quoting Musashi
Possible Higher Low on EU.

Moved stops right down now...
Eur 14 ATR 130 something and its done 115 ish so prob a good idea.

Very nice trading.

I'm trying to get Mrs V to OK scaling in (without taking anything off), max 1.5% risk each trade prob 1% though, looking to target closer to ATR. Thats a biggie for us, she being inducted into the 20 pips bank hall of fame, she ain't biting yet.
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