Higher low, lower high system | Page 168 | 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

  • #3,341
  • Oct 28, 2010 3:47am Oct 28, 2010 3:47am
Sell Stop on pound under swing low on 7R

If it breaks and makes a new high then i'll remove it.

Otherwise it's a short for me.

Already made +1.5% today.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.jpg Size: 95 KB
  • #3,342
  • Oct 28, 2010 4:03am Oct 28, 2010 4:03am
well it went higher.... scratch that...
  • #3,343
  • Oct 28, 2010 4:11am Oct 28, 2010 4:11am
Quoting saylu
Hi,

Post 1 type 1 turn trade today. H1 run up then a SS that closed at LO time, checked 15M candle was also down. 5M started to form a LH. Price broke TL, paused and continued past the (by then) closed 5M LH candle. Got out at +13. (could have had +20 or more but that would have required more guts )

Inviting any comments particularly if I've done something not quite right and hence taken unnecessary risk.

I'm happier with turn trades this week than the type 2 100% system continuations.

Thanks.

Attachment
I didn't see that as a lh as such, as it was a straight move down (no candle attempting to go up again) perhaps more a 2b trade. In any event with that classic 15 min shooting star a nice trade.
  • #3,344
  • Oct 28, 2010 5:00am Oct 28, 2010 5:00am
Quoting Vantage
I didn't see that as a lh as such, as it was a straight move down (no candle attempting to go up again) perhaps more a 2b trade. In any event with that classic 15 min shooting star a nice trade.
Hi Vantage,
There's what I think is a LH to the left of my down arrow on the M5 chart. High at 5811 compared to previous high at 5828. Or am I misunderstanding something?

(The arrow is marking the candle where I entered, after the LH)
  • #3,345
  • Oct 28, 2010 5:00am Oct 28, 2010 5:00am
CRB7 . Price moving in an up channel.
1.3816 was res. , thought after ret. may become supp.
After some hesitation , price was again above 3816 .
Saw atm , price making a 3T and it was 15m before LO ,
witch can become a reversal...
so exited with +16p
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1 +16.jpg Size: 112 KB
  • #3,346
  • Oct 28, 2010 5:33am Oct 28, 2010 5:33am
Short >>>
Price break up channel and try to retest HH , making LH at point 3. Waited for price to break prev. low (2)/confluence with 3825 .
Exited as price was not able to break RN 3800 for +16.

Long >>>
entered 1m after closing the short ...
Price making rev. patterns around 3800 ,shooting star+ hammer . Ret. of 50% of big swing up , was not away
Did NOT wait for price to make a HL
Exited for +20 (Mrs V style ?)
("natural" target was at 3850 but ...)
Attached Image (click to enlarge)
Click to Enlarge Name: EU 2 tr.jpg Size: 115 KB
  • #3,347
  • Oct 28, 2010 6:04am Oct 28, 2010 6:04am
Quoting saylu
Hi Vantage,
There's what I think is a LH to the left of my down arrow on the M5 chart. High at 5811 compared to previous high at 5828. Or am I misunderstanding something?

(The arrow is marking the candle where I entered, after the LH)
Sorry arrow was so small I didn't see it, thats a lh indeed. I thought you meant the round top at 5825.

Thats very close to the entry we took, we did a 1 min entry, 1st swing lh after ema's crossed.
  • #3,348
  • Oct 28, 2010 6:11am Oct 28, 2010 6:11am
Quoting david4u
Short >>>
Price break up channel and try to retest HH , making LH at point 3. Waited for price to break prev. low (2)/confluence with 3825 .
Exited as price was not able to break RN 3800 for +16.

Long >>>
entered 1m after closing the short ...
Price making rev. patterns around 3800 ,shooting star+ hammer . Ret. of 50% of big swing up , was not away
Did NOT wait for price to make a HL
Exited for +20 (Mrs V style ?)
("natural" target was at 3850 but ...)
Very nice david. I found my hammer alert for eur had been deleted and missed that move completely (see 15 min chart where that warning would have been given in plenty of time).
  • #3,349
  • Oct 28, 2010 6:16am Oct 28, 2010 6:16am
Vantage
Can you pls post a chart of this LH trade ... entry+exit
Tks
David

Quoting Vantage
we did a 1 min entry, 1st swing lh after ema's crossed.
  • #3,350
  • Edited 6:48am Oct 28, 2010 6:26am | Edited 6:48am
Vantage
Do you suspect in anybody ?
Do you mind posting this indicator ?
How would you call this setup ? hammers at extreme ?
Is this one of your setups ?
I have just stopped out on the 2nd trade for -10p.
They look very similar : hammers , shooting stars at extreme (3800,3850)
1st one worked , 2nd failed...(depends in your SL)
So isn't it better to wait for HL/LH ?
Tks
David
Quoting Vantage
I found my hammer alert for eur had been deleted and missed that move completely (see 15 min chart where that warning would have been given in plenty of time).
Attached Image (click to enlarge)
Click to Enlarge Name: hammers.jpg Size: 102 KB
  • #3,351
  • Oct 28, 2010 6:29am Oct 28, 2010 6:29am
Quoting david4u
Vantage
Can you pls post a chart of this LH trade ... entry+exit
Tks
David
2 trades. 15 min shooting star, 1 min 8lwma/30 ema cross, next 1 min lh, 1 min candle little no lower wick. The entry candle was a close just above the RN but the reject of bounce up seemed solid to us and we took the move just below the RN.

We were aware of LO but this trade has been pretty good for us in last few days so we took it.

We targeted 75 psych level it went through and got out when bounced up from DO at 5767.

Again sold after lh at 5775 out at BE when move below DO failed.

We didn't try the 3rd time.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 19 KB
  • #3,352
  • Oct 28, 2010 6:31am Oct 28, 2010 6:31am
Quoting david4u
Vantage
Do you suspect in anybody ?
Do you mind posting this indicator ?
How would you call this setup ? hammers at extreme ?
Is this one of your setups ?
Tks
David
15 min candle at extreme next 1 min entry. Yes its one of our trades.

Mrs V asked that we trade this one on gu only earlier this week. Eur and AU can give decent enough trades but generally as mentioned gu 1st choice. So for now gu is only 1 min chart we have up.
  • #3,353
  • Oct 28, 2010 6:40am Oct 28, 2010 6:40am
Same set up on move up.

We didn't get these can't for the life of me remember what we were doing but same set up. Perhaps the small pos close 15 min candles didn't get our attention, perhaps I was making one of those cups of tea that turn out to be very expensive (whatever you'll never get them all and of late we are very happy with a couple of trades and pips in the bank).

Anyway ema cross, good angle up, next 1 min hl with entry candle little/no upper wick. Two chances here.

The 8 lwma can flatten out and come back to the 30, thats fine.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 17 KB
  • #3,354
  • Oct 28, 2010 6:47am Oct 28, 2010 6:47am
Quoting david4u
Do you suspect in anybody ?
Do you mind posting this indicator ?
I have just stopped out on the 2nd trade for -10p.
They look very similar : hammers , shooting stars at extreme (3800,3850)
1st one worked , 2nd failed...
So isn't it better to wait for HL/LH ?
Tks
David
Yes I suspect me.

Indi attached.

I always wait for a hl/lh (or2b) from a 5 min or 1 min chart. See above post for 1 min ideas. 5 min set ups as per 1st post.

I do not take any 1 candle touch trades, haven't in years that I can recall.
Attached File(s)
File Type: ex4 Pattern_Recognition_Master_v3.ex4   24 KB | 576 downloads
  • #3,355
  • Oct 28, 2010 6:59am Oct 28, 2010 6:59am
Quoting Vantage
I do not take any 1 candle touch trades, haven't in years that I can recall.
Just clarifying, a 15 min candle could touch a key level and close, the entry will then be from a 5 min hl/lh or 1 min hl/lh. 1 min entries as posted above, see 1st post its trade 4.

We ALWAYS want to see the hl/lh as that confirmation that price has tested a move. Always, honest. Mrs V made mistake of taking a trade without that (yes I also have no idea what see was thinking) recently, I was peed off for almost 10 mins!!
  • #3,356
  • Oct 28, 2010 7:58am Oct 28, 2010 7:58am
Vantage , thanks for your great explanations .
Can I assume that if the retracement goes bellow ema34 like in the chart , then the setup is cancelled and you wait for the next one ?
Tks
David

Quoting Vantage
Just clarifying, a 15 min candle could touch a key level and close, the entry will then be from a 5 min hl/lh or 1 min hl/lh. 1 min entries as posted above, see 1st post its trade 4.

We ALWAYS want to see the hl/lh as that confirmation that price has tested a move. Always, honest. Mrs V made mistake of taking a trade without that (yes I also have no idea what see was thinking) recently, I was peed off for almost 10 mins!!
Attached Image (click to enlarge)
Click to Enlarge Name: canc.jpg Size: 122 KB
  • #3,357
  • Oct 28, 2010 8:13am Oct 28, 2010 8:13am
Vantage
Can you pls explain what is exactly your trigger in the trades you have posted today and generally.
At point #1 we have a potential LH.
- Some may enter when price crosses bellow #1 low (58050)
so bar #2 is the entry.
- some may enter when prices closes bellow #1 low.
In this example bar #2 close = bar #1 close , so the entry would have been at the close of bar #3 (58000) ... that's a big difference .
- some may wait (not always) for price to close bellow a significant level (5800 in this case).
- I think you have mentioned to wait for a "positive" bar close after the potential LH , so the close of bar # 2 , could have been the entry .(regardles where #1 Low ?)
Hope I express myself clear.
Is your entry trigger always the same ? or it depends if you have a significant level close to the possible entry .
Tks again
David
Attached Image (click to enlarge)
Click to Enlarge Name: lh entry.jpg Size: 105 KB
  • #3,358
  • Oct 28, 2010 11:01am Oct 28, 2010 11:01am
Quoting david4u
Vantage , thanks for your great explanations .
Can I assume that if the retracement goes bellow ema34 like in the chart , then the setup is cancelled and you wait for the next one ?
Tks
David
If the retracement goes below the 30 ema then the 8 will likely have crossed down which would mean wait for the next one yes.

We don't watch 1 min a lot, its more a case of we didn't get a 5 min entry this is an alternative. We use much smaller stops on 1 min entries 6-8 pips.
  • #3,359
  • Oct 28, 2010 11:32am Oct 28, 2010 11:32am
Quoting david4u
Vantage
Can you pls explain what is exactly your trigger in the trades you have posted today and generally.
At point #1 we have a potential LH.
- Some may enter when price crosses bellow #1 low (58050)
so bar #2 is the entry.
- some may enter when prices closes bellow #1 low.
In this example bar #2 close = bar #1 close , so the entry would have been at the close of bar #3 (58000) ... that's a big difference .
- some may wait (not always) for price to close bellow a significant level (5800 in this case).
- I think you have mentioned to wait for...

We want a candle that crosses 1 min 8 lwma (or be so close that to argue the point is being really idiotic). Mrs V prefers the candle that we trade on to open the other side of 8 lwma, but like I said if its really so close to call I don't fuss about that.

OK so theres cross of 1 min 8lwma, a neg close candle for sells, pos close for buys, the set up candle needs to have no/little wick in direction of trade, entry candle shouldn't be overly large, good angle on 30 ema, price must go that 1 pip beyond extreme of the set up candle.

Also in the trade shown we would wait for a negative close bar after the potential lh, not a positive close bar as you said. So entry would be after candle 3. Candle 2 had too much of a lower wick, the wick needs to be virtually none existant.

Do we slip with some of these issues, of course, do we miss some trades of course, do we get some great entries yes.
  • #3,360
  • Oct 28, 2010 11:50am Oct 28, 2010 11:50am
Quoting david4u
Pls find the indicator
Thanks David
2 traders viewing now