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Higher low, lower high system

  • #3,541
  • Nov 24, 2010 3:32am Nov 24, 2010 3:32am
V. - my wife is also very good at what I call "diversion conversations". but as you point out +20 is +20. Just don't tell her that!
  • #3,542
  • Nov 24, 2010 3:54am Nov 24, 2010 3:54am
Quoting orientos
V. - my wife is also very good at what I call "diversion conversations". but as you point out +20 is +20. Just don't tell her that!
She says in her defence that we had the losses of contact, fair enough. They have been continuing so we have not traded again. Also she is trying to get past 20 pips bank, proving more difficult than expected.

Oh wanted to mention we have for now dropped the 1 min charts, we did a check on what trades are losing money and 1 min trades were disproportionately high. When they work fine but win % wasn't good enough.
  • #3,543
  • Nov 24, 2010 4:55am Nov 24, 2010 4:55am
Quoting Vantage
Will do immediately, this is back up computer after other one took a dive a few days ago, forgot to put on.
Many thanks, mate. Much appreciated.

  • #3,544
  • Nov 25, 2010 3:24am Nov 25, 2010 3:24am
Not exactly an amazing day so I'm outta here with news etc coming and then US hols. Might come back later we'll see. have a good 'un if you're trading.
  • #3,545
  • Nov 25, 2010 3:42am Nov 25, 2010 3:42am
Quoting Vantage
Not exactly an amazing day so I'm outta here with news etc coming and then US hols. Might come back later we'll see. have a good 'un if you're trading.
Haha you aint kidding Dave. Waiting for a HL on AUD here. Have a good day all.
  • #3,546
  • Nov 26, 2010 2:31am Nov 26, 2010 2:31am
1hr pos close doji, reject of 85 level (15/85 trade down). 15 min positive close. 5 min hl, little no upper wick on entry candle.

Counter trend so out +20 (surprise, surprise). Obviously a realistic target is 5750 but what the heck.
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  • #3,547
  • Nov 26, 2010 3:19am Nov 26, 2010 3:19am
1hr pos close but large upper wick around Y's low. 15 min shooting star. 5 min lh little/no lower wick. Mrs V Freaky Fri I'm not playing with RN +20 bank indi went off. So out +20.

We are also going out in a little bit so 2 x +20 and we are pretty happy. No doubt at least we are going to 5685 and lower from there TWT.
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  • #3,548
  • Nov 26, 2010 5:16am Nov 26, 2010 5:16am
Mrs V just finishing putting on the war paint before we leave.

I was having a review of the trades. 3 trades 1 BE, 2 x 20 pip winners which is great and does the confidence wonders. That made me think of the speed wobble we had trading wise some time ago and nothing seemed to go right resulting in a bad month. I ran around trying to find the reasons, went back added 1 min set up back in the pot with mixed results. Ditched 1 min again, haven't had a losing trade since (yes I know that won't last but whilst its happening I'll take it with gratitude). That made me realise yet again just how important the psych aspect is to this little game we play, even more so if its your primary source of income.

Conclusion 1.
So whilst we exited the 2nd trade too early (OK we are going out now and we did have to get ready and I at least knew we were getting out too early) and thats something we have to work on. Consistently banking pips does wonders for us. The mental aspect of trading is crucial.

Conclusion 2.
Analyse reasons for good and bad performance and stick to your trading plan - unless you have found good reason to change it. For us the odd squiggly line on a chart may change here and there, big deal. Trades at extremes (trade 1 on post 1) thereafter follow 1hr, 15, 5 min hl/lh's at key levels with good candles that are not overly large and little/no wicks in direction of move is the core of trades and stays the same.

Cheers.
  • #3,549
  • Nov 26, 2010 5:26am Nov 26, 2010 5:26am
Quoting Vantage
Mrs V just finishing putting on the war paint before we leave.

I was having a review of the trades. 3 trades 1 BE, 2 x 20 pip winners which is great and does the confidence wonders. That made me think of the speed wobble we had trading wise some time ago and nothing seemed to go right resulting in a bad month. I ran around trying to find the reasons, went back added 1 min set up back in the pot with mixed results. Ditched 1 min again, haven't had a losing trade since (yes I know that won't last but whilst its happening I'll take it with gratitude)....
Great work Dave and thanks for the reminder about having a plan and sticking to it.

Your thread is solid gold and the lh hl method if used correctly is priceless.

Have a great weekend all.
  • #3,550
  • Nov 26, 2010 5:29am Nov 26, 2010 5:29am
Quoting jag1966
Great work Dave and thanks for the reminder about having a plan and sticking to it.

Your thread is solid gold and the lh hl method if used correctly is priceless.

Have a great weekend all.
Nice one, cheers all. You too have a good 'un!!
  • #3,551
  • Nov 29, 2010 3:00am Nov 29, 2010 3:00am
Good start to the week. 15M engulfing off the DP, shooting star then a TL break. 1M LH no wick.

I'm by no means consistent but when I stick to what I've learnt I'm more likely to be successful.

I can't thank you enough V
(and EV for recent 15M examples on acumen's thread).

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  • #3,552
  • Nov 29, 2010 3:20am Nov 29, 2010 3:20am
Quoting saylu
and EV for recent 15M examples on acumen's thread.
Nice trade. And yes for EV's stuff.
  • #3,553
  • Nov 29, 2010 3:22am Nov 29, 2010 3:22am
Counter to the 1hr but a neg 15 min close then a 15 min shooting star. 5 min lh, no lower wick. Gave enough chances to go lower exited +12. Better than nothing.
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  • #3,554
  • Nov 29, 2010 4:12am Nov 29, 2010 4:12am
Saylu and Vantage......

You're too kind.
  • #3,555
  • Nov 29, 2010 4:16am Nov 29, 2010 4:16am
Quoting Vantage
Counter to the 1hr but a neg 15 min close then a 15 min shooting star. 5 min lh, no lower wick. Gave enough chances to go lower exited +12. Better than nothing.
Just as well we would have been out at BE.

Mrs V was just saying she viewed the 15 min up candle on eur as a retracement then we went offline (internet connection not platform) and missed the eur/ej fall.
  • #3,556
  • Nov 29, 2010 6:17am Nov 29, 2010 6:17am
Hey V, Which pairs to you mainly trade ?

Thanks
Dan
  • #3,557
  • Nov 29, 2010 6:20am Nov 29, 2010 6:20am
Quoting dan89
Hey V, Which pairs to you mainly trade ?

Thanks
Dan
GU, eur and ej.
  • #3,558
  • Nov 29, 2010 6:49am Nov 29, 2010 6:49am
Quoting Vantage
GU, eur and ej.
Thanks V
  • #3,559
  • Nov 29, 2010 6:58am Nov 29, 2010 6:58am
Sold the lh evening star pattern 3164. Mrs V apparently wanted me to sell the doji around 3175 which would have been against the 15 min pos close candle.

I failed mind reading at school so I suggested she make her positive mental energies a little clearer and in the traditional manner ie talk woman!!!

It never followed through below 3150 so we got a few pips again.
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  • #3,560
  • Nov 29, 2010 7:29am Nov 29, 2010 7:29am
anyone looking at the 5 min pin bar on G/U 5 min ?
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