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Higher low, lower high system

  • #3,261
  • Oct 21, 2010 2:48am Oct 21, 2010 2:48am
CRB's will sometimes probide HL/LH entries that do not occur on M5 charts. This was one example (at least on my charts). Very nice trade.
  • #3,262
  • Edited 3:12am Oct 21, 2010 2:49am | Edited 3:12am
Tks V , M & O
sorry but ... what is "ivo" and "TS" ?
Tks
David

Quoting Vantage
Very nice buy, like that one! 60 pip moves in FH for eur is an above normal move for that time. As it bumped up against Y's highs and the 75 psych level ivo time of day all I could say is take profits there and don't wait for TS to get hit.
  • #3,263
  • Oct 21, 2010 3:14am Oct 21, 2010 3:14am
Quoting david4u
Tks V , M & O
sorry but ... what is "ivo" and "TS" ?
Tks
David
In view of and trailing stop.
  • #3,264
  • Oct 21, 2010 3:37am Oct 21, 2010 3:37am
I have been asked what trades are staying, we look at 6 potential set ups at the moment.

I think this will be staying. For in and around the LO, never really looked at other times. This is an entry if there isn't a 2b or hl/lh around or as a 2nd chance if thats been missed.

Typically there'll be a decent 15 min candle and this would be 1st 1 min move after that.

1 min chart. We got 1 of these but there were many more chances around.

The ma's are an 8 lwma on close and 30 ema on close.

Trade 1st hl/lh after the ema cross. You need good angle on 30 ema in direction of trade. Set up candle, must not be too large around 7/8 pips max, look for little/no upper wick (for a buy opp for sell obviously) and price must go 1 pip or so above set up candle.

All these are from this am gu, eu, au.
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  • #3,265
  • Oct 21, 2010 3:49am Oct 21, 2010 3:49am
Quoting Vantage
Set up candle, must not be too large around 7/8 pips max, look for little/no upper wick (for a buy opp for sell obviously) and price must go 1 pip or so above set up candle.
Could you please elaborate what signifies a set up candle for us newbies to this trading style?

  • #3,266
  • Oct 21, 2010 3:58am Oct 21, 2010 3:58am
Quoting Musashi
Could you please elaborate what signifies a set up candle for us newbies to this trading style?

For buys see the arrow ups. The first positive close candle after the retracement down.

For the sell, arrow down, the first neg close candle after the retracement up.

If you've see me mention good 15 min candle next 1 min move this is what I've meant.
  • #3,267
  • Oct 21, 2010 4:00am Oct 21, 2010 4:00am
Ok, I seen the arrow pointing to the candle, I knew why just wanted to make sure.

  • #3,268
  • Oct 21, 2010 4:01am Oct 21, 2010 4:01am
Quoting Vantage
For buys see the arrow ups. The first positive close candle after the retracement down.

For the sell, arrow down, the first neg close candle after the retracement up.

If you've see me mention good 15 min candle next 1 min move this is what I've meant.
If it goes wrong we look to exit around -6 pips and as often gives 15-25 it needs a lot of losing trades to make up for 1 winner.
  • #3,269
  • Oct 22, 2010 12:48am Oct 22, 2010 12:48am
Entered Long just after I opened my PC and saw uptrend .
Could/should have close the trade for +30 , atm , when price was not able to break the 50 retracement of last swing low.
Closed for +20 .
Looking for next opportunity .
Comments are welcome
David
Attached
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  • #3,270
  • Oct 22, 2010 1:35am Oct 22, 2010 1:35am
Quoting david4u
Entered Long just after I opened my PC and saw uptrend .
Could/should have close the trade for +30 , atm , when price was not able to break the 50 retracement of last swing low.
Closed for +20 .
Looking for next opportunity .
Comments are welcome
David
Attached
Very nice, it looks like you're finding this methodology hard to grasp!!!

It also appears we have discovered the grail, when you put your computer on!!

Jokes aside, very very nice stuff.
  • #3,271
  • Oct 22, 2010 1:37am Oct 22, 2010 1:37am
Quoting Vantage
Very nice, it looks like you're finding this methodology hard to grasp!!!

It also appears we have discovered the grail, when you put your computer on!!

Jokes aside, very very nice stuff.
Nice work David.
  • #3,272
  • Oct 22, 2010 2:06am Oct 22, 2010 2:06am
Quoting orientos
CRB's will sometimes probide HL/LH entries that do not occur on M5 charts. This was one example (at least on my charts). Very nice trade.

Jag and Vantage - thanks for your replies - always appreciated.

Now - CRB's - are they the range bars?

David - great trades!
  • #3,273
  • Oct 22, 2010 2:36am Oct 22, 2010 2:36am
Quoting Delite
Now - CRB's - are they the range bars?
Yes...

Currently about +40 Pips
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  • #3,274
  • Oct 22, 2010 2:47am Oct 22, 2010 2:47am
this move started with a reversal on the daily, a Vantage HL on H4. What a beauty. Then a re-entry using the 2b this morning.
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  • #3,275
  • Oct 22, 2010 2:52am Oct 22, 2010 2:52am
After triple top... price retraced to 3950+DP 3947.
Wanted to enter at candle A , BUT atm , BBMACD was still blue , so waited for the 1st bar to close with BBMACD on red and entered short. I prefer to enter on retracements but in this case it was a 123 BO of point 2.
Closed for +19 at RN 3900.
Q: would u have entered earlier like at bar A ? exit ?
Tks
David
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  • #3,276
  • Oct 22, 2010 3:04am Oct 22, 2010 3:04am
taken out...
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  • #3,277
  • Oct 22, 2010 3:10am Oct 22, 2010 3:10am
Great entry Musashi
Are you still using the 2pips CRB (only) ?
2 pips bar are really fast ...you need to think very quick :nerd:
Do you look at the same time at other TF's
or other CRB sizes ?
Tks

Quoting Musashi
Currently about +40 Pips
  • #3,278
  • Oct 22, 2010 3:14am Oct 22, 2010 3:14am
Quoting david4u
Great entry Musashi
Are you still using the 2pips CRB (only) ?
2 pips bar are really fast ...you need to think very quick :nerd:
Do you look at the same time at other TF's
or other CRB sizes ?
Tks
Nope, back onto 7 and 15.

Another possible short entry which i didn't get...
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  • #3,279
  • Oct 22, 2010 3:19am Oct 22, 2010 3:19am
Quoting david4u
After triple top... price retraced to 3950+DP 3947.
Wanted to enter at candle A , BUT atm , BBMACD was still blue , so waited for the 1st bar to close with BBMACD on red and entered short. I prefer to enter on retracements but in this case it was a 123 BO of point 2.
Closed for +19 at RN 3900.
Q: would u have entered earlier like at bar A ? exit ?
Tks
David
7RB won't load on my charts on anything other than gu so I have taken off. On your chart yes bar A a great entry. David if you hadn't exited that big eu spike would no doubt had you at BE, you've had a good trade and pips in the bank.

I sold gu earlier just after LO moved to BE and of course there was a spike and I got taken out.

A nice 15 min shooting star on eu (yes I was worried about the dble btm ie it couldn't close lower) then we had this 1 min lh below the SS low. Exited just above RN, gave it a few chances to go and it didn't seem like it wanted to.

AU and GU had same type moves at the same time.
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  • #3,280
  • Oct 22, 2010 3:23am Oct 22, 2010 3:23am
Mrs V did her back yesterday and I have to go get some medicine and goodies (biltong and droe wors - don't ask, been here 30 years and still can't take that stuff! Imagine eating dried uncooked rat, our US friends will know biltong as beef jerky, droe wors = dry sausage also not cooked just left to shrivel up).
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