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Higher low, lower high system

  • #3,681
  • Dec 14, 2010 9:23am Dec 14, 2010 9:23am
Hi Vantage

it seems that what you are teaching in this thread, is also what is being discussed over here (123 thread)

http://www.forexfactory.com/showthread.php?t=232466

...it would be great if you could visit this 123 thread and particpate over there....I know for sure your knowledge would be helpful.

PGPB
  • #3,682
  • Dec 14, 2010 5:06pm Dec 14, 2010 5:06pm
Hey V nice charts. Anychance you could start posting some of your 1hr and 15min charts with your trades ?
  • #3,683
  • Dec 14, 2010 10:11pm Dec 14, 2010 10:11pm
Quoting dan89
Hey V nice charts. Anychance you could start posting some of your 1hr and 15min charts with your trades ?
Hi Dave

Thanks for "refering" me to this system of yours. Great system and now it is starting to make sense to me.

I also like to see all three charts (in real live time and not hindsight) next to each other to see all the criteria live as candle as forming.

I know it is asking a lot but like I said before: a picture is worth more than a ....... I'll also try and post such a range of charts for comments in the near future.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #3,684
  • Dec 15, 2010 1:23am Dec 15, 2010 1:23am
Would we consider GU daily chart a valid setup for L/H.. just a thought...
  • #3,685
  • Dec 15, 2010 2:14am Dec 15, 2010 2:14am
Quoting Musashi
Would we consider GU daily chart a valid setup for L/H.. just a thought...
We'll see who wins the nice D neg close or the supp at 5700 over the last week.
  • #3,686
  • Dec 15, 2010 3:56am Dec 15, 2010 3:56am
Didn't get nice post news sell on gu, no lh.

Sold au 9923, 1hr doji, 15 min did have a hammer but overall in downtrend and the 5 min lh took out the 15 min hammer low.

+15 stop to BE we are struggling at the mo with the earlier morning low 9908.

Charts to follow.
  • #3,687
  • Dec 15, 2010 3:57am Dec 15, 2010 3:57am
Quoting Golfer
Hi Dave

Thanks for "refering" me to this system of yours. Great system and now it is starting to make sense to me.

I also like to see all three charts (in real live time and not hindsight) next to each other to see all the criteria live as candle as forming.

I know it is asking a lot but like I said before: a picture is worth more than a ....... I'll also try and post such a range of charts for comments in the near future.
Pleasure.

I'll try with the charts.
  • #3,688
  • Dec 15, 2010 4:04am Dec 15, 2010 4:04am
Quoting Vantage
Didn't get nice post news sell on gu, no lh.

Sold au 9923, 1hr doji, 15 min did have a hammer but overall in downtrend and the 5 min lh took out the 15 min hammer low.

+15 stop to BE we are struggling at the mo with the earlier morning low 9908.

Charts to follow.
+28 the Mrs V auto bank indi appears to be broken.
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  • #3,689
  • Dec 15, 2010 4:19am Dec 15, 2010 4:19am
Nice trade Dave, I took AU twice, the second half was a bit of a grinder. I am loving Lawgirls H1 channel indis at the moment too. It makes spotting the m30 HL LHs very simple.
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  • #3,690
  • Dec 15, 2010 4:23am Dec 15, 2010 4:23am
Quoting jag1966
Nice trade Dave, I took AU twice, the second half was a bit of a grinder. I am loving Lawgirls H1 channel indis at the moment too. It makes spotting the m30 HL LHs very simple.
I have added 4hr candles back, cheers.
  • #3,691
  • Dec 15, 2010 4:25am Dec 15, 2010 4:25am
Quoting Vantage
+28 the Mrs V auto bank indi appears to be broken.
75% out at 25, bal out at 16.
  • #3,692
  • Dec 15, 2010 12:27pm Dec 15, 2010 12:27pm
I saw the double botttom and decided to enter. Luckily I got 22pips out of it. Not sure it is according to your system, Dave.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #3,693
  • Dec 15, 2010 12:44pm Dec 15, 2010 12:44pm
Quoting Vantage
We'll see who wins the nice D neg close or the supp at 5700 over the last week.
Pound destroyed over night...
  • #3,694
  • Dec 16, 2010 5:48am Dec 16, 2010 5:48am
Quoting Vantage
I have added 4hr candles back, cheers.
hi vantage

is this system still profitable or has it lost steam ? is there one post with all the updates on it ?


regards
  • #3,695
  • Dec 16, 2010 5:59am Dec 16, 2010 5:59am
Quoting whatfx
hi vantage

is this system still profitable or has it lost steam ? is there one post with all the updates on it ?


regards
Still profitable, its all I trade. If price just turns and runs at an extreme then I've missed trade (see 1st post hl/lh's at extremes ie 1 2 3 tops/bottoms). After London open head fake then looking to follow the trend what I call 100% system trades in line with 1hr and 15 min candles.

I pay attention to LO when price can turn quickly and also pre/early US session when price can take a couple of hours to turn.

Cheers.
  • #3,696
  • Dec 16, 2010 6:07am Dec 16, 2010 6:07am
Quoting Golfer
I saw the double botttom and decided to enter. Luckily I got 22pips out of it. Not sure it is according to your system, Dave.
Hi Golfer
Having as much rain as us. I left top of bin folded down and after 2-3 days its 75% full!!!! Going to back wash pool now.

Price stalled at 85 area and thats a valid psych level that eur and gu like. Double bottom/hl all good, its the test and failure that I'm interested in. Nice trade.
  • #3,697
  • Dec 16, 2010 6:15am Dec 16, 2010 6:15am
Quoting whatfx
hi vantage

is this system still profitable or has it lost steam ? is there one post with all the updates on it ?


regards
This is most of eur's pa for yesterday. I haven't filtered for 15 min, overly large set up candles etc just showing every dble top/bottom and hl/lh that I can see. Of course not every day would be like this but have a look and see if you think there are enough opportunities to profit.
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  • #3,698
  • Edited 6:53am Dec 16, 2010 6:34am | Edited 6:53am
Hi again what fx
These are the less frequent trades where 15 min candles confirming ie I'm not looking to sell against a hammer or buying against a shooting star etc. No losing trades at all from what I can see. I hope this is not cherry picking but a genuine attempt to show what can happen when waiting to trade decent 15 min candles. It appears to show 100% winners ie trading 5 min hl/lhs either at close or following close of good 15 min candle. When we have the discipline to trade the right 15 min candles our win rate is very high.

I remember chatting to one of regulars here a little while back and our win rate was 8-3 about 2 weeks into the month. 2 of the 3 losing trades were outright error on our part, that also says a lot. I know I've read it somewhere discipline is the bridge between goals and accomplishments. The discipline to trade the right candles knowing that in 9 days out of 10 they're coming. Mrs V often talks about the mental image she has of a nice hl/lh wave, they're coming we just have to be patient.

The gold ma on 15 min is the multi time frame equivalent of 1hr 8 lwma. I trust the effect is clear as to where these trades are in relation to the 1hr 8 lwma.

The 5 min has the supertrend and BBMACD. I do like visual squiggly lines to help me determine trend.

With Mrs V's blood pressure acting up we have discussed trading trend only, no decisions yet. Fewer trades but our win %'s are high.
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  • #3,699
  • Dec 16, 2010 11:33am Dec 16, 2010 11:33am
Didn't have any trades today. Had to go out and buy a scanner/printer/copier thingie. I have to get some doc's done by tomorrow and sent. The one I have decided to pack up and as I only use the thing about every 4 months never knew it was knackered.

Its a public hol here and recession what recession the shops were packed. Bought the thing, salesman gave me the wrong box (looked the same as the thing I wanted). Unpacked loaded software etc etc ooops wrong thing.

Went back to the shop exchanged for right gizmo, Checked what cartridges it needs and of course they're different. Back home collect them and back to shop for 3rd time. Twice in the goods return queue, ouch. Thank goodness I don't have blood pressure problems.

Then the darn thing kept giving error messages, finally it started working goodness knows how as I never did anything except switch off and on for the 5 th time.

Finally got sorted to see this one but was worried about US news pending so left.

15 min shooting star and then a doji. 2 lh's on 5 min each with little/no lower wicks. Just for info not a trade I took.
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  • #3,700
  • Dec 16, 2010 11:50am Dec 16, 2010 11:50am
Hi Vantage,

in your M15 chart it is multi timeframe MA of 1H LWMA 8H ?

How about the MA in your M5 ? it is indicator from paulus thread.


Pls advise

Thanks,


Quoting Vantage
Didn't have any trades today. Had to go out and buy a scanner/printer/copier thingie. I have to get some doc's done by tomorrow and sent. The one I have decided to pack up and as I only use the thing about every 4 months never knew it was knackered.

Its a public hol here and recession what recession the shops were packed. Bought the thing, salesman gave me the wrong box (looked the same as the thing I wanted). Unpacked loaded software etc etc ooops wrong thing.

Went back to the shop exchanged for right gizmo, Checked what cartridges it needs...
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