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Higher low, lower high system

  • #3,701
  • Dec 16, 2010 11:58am Dec 16, 2010 11:58am
Hi pipfirst
Yes it is MTF ma of 1hr 8 lwma. The indi settings 60, 8, 0, 3, 0.

The 'ma' currently on my 5 min charts is the supertrend indi (same as trend magic but doesn't repaint apparently) with the BBMACD settings as per Paulus' thread.

IF I were starting from scratch I cannot off hand think of anything better to begin with, trading (short term) trend with Paulus' above set up + 5 min hl/lh's. Ooops not forgetting in line with 15 min!!

Cheers.
  • #3,702
  • Dec 16, 2010 12:57pm Dec 16, 2010 12:57pm
I'm new to Forex Factory and I just found this trading system here and pretty much impressed by it. I don't have the idea before that things as simple as this could get us enough pips. This is really great.

I was wondering though, what is the percentage of win lose ratio using the system and does any one ever try this with some more volatile pair?
  • #3,703
  • Dec 16, 2010 2:54pm Dec 16, 2010 2:54pm
Hi Vantage,

Thanks for putting out ur trading strategy here, i hope i can learn from you.

I have been trying out various strategies all to no avail, I just need some help especially in identifying the 15 mins candles.

I have read your first post and have been doing some practice and trying to develop some discipline.
  • #3,704
  • Dec 16, 2010 2:57pm Dec 16, 2010 2:57pm
Quoting Vantage
Hi pipfirst
Yes it is MTF ma of 1hr 8 lwma. The indi settings 60, 8, 0, 3, 0.

The 'ma' currently on my 5 min charts is the supertrend indi (same as trend magic but doesn't repaint apparently) with the BBMACD settings as per Paulus' thread.

IF I were starting from scratch I cannot off hand think of anything better to begin with, trading (short term) trend with Paulus' above set up + 5 min hl/lh's. Ooops not forgetting in line with 15 min!!

Cheers.

Hi Vantage

I have been practicing the hl/lh but cant seem to tie it up with the 15min chart
  • #3,705
  • Dec 16, 2010 4:07pm Dec 16, 2010 4:07pm
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
IMHO this is one of the best methods to learn to trade, just remeber hl and lh work on every timeframe.

one of many trades today, cable h1 and then m30 HLs, you can wait for m15 or m5 HLs to enter or just hit them, thanks Dave
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  • #3,706
  • Edited 12:34am Dec 17, 2010 12:29am | Edited 12:34am
EU m30 HL longs late last night and 10 minutes ago too, almost identical to Cable previous setups from yesterday.
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  • #3,707
  • Dec 17, 2010 1:45am Dec 17, 2010 1:45am
Quoting jag1966
EU m30 HL longs late last night and 10 minutes ago too, almost identical to Cable previous setups from yesterday.
Nice, looks like TL's might make a comeback when I see how efficiently you are using them.

Care to clarify the indi top right hand corner?
  • #3,708
  • Dec 17, 2010 1:57am Dec 17, 2010 1:57am
Top right indi is lawgirls mtf rsi indi. I am reluctant to use any indis so I am just testing it, however it does appear to give added weight to direction. It filtered out two failed m30 reversals very clearly this moring.

A work in progress.
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  • #3,709
  • Dec 17, 2010 2:33am Dec 17, 2010 2:33am
Not my best trade ever, at least at +10 and at BE.

15 min had a neg close but a bit of a lower wick. With a nice shooting star on 4 hr and the neg close 15 min and this 5 min lower high shooting star I thought I was OK.

In hindsight perhaps too much sideways pa and I've got lucky. Either that or it was an inspired bit of analysis. I'm sticking with I got lucky.
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  • #3,710
  • Dec 17, 2010 2:39am Dec 17, 2010 2:39am
Quoting jag1966
Top right indi is lawgirls mtf rsi indi. I am reluctant to use any indis so I am just testing it, however it does appear to give added weight to direction. It filtered out two failed m30 reversals very clearly this moring.

A work in progress.
Cheers jag.

We bounced from D pivot at 9879, having another go at it.
  • #3,711
  • Dec 17, 2010 2:42am Dec 17, 2010 2:42am
That 4hr shooting star sure looks good.
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  • #3,712
  • Dec 17, 2010 2:55am Dec 17, 2010 2:55am
15 min doji doesn't seem to want to go lower out at +14. Better than -14.
  • #3,713
  • Dec 17, 2010 2:58am Dec 17, 2010 2:58am
I have a lot of running around today so this might be my only trade unless US session is kind.
  • #3,714
  • Dec 17, 2010 3:43am Dec 17, 2010 3:43am
Quoting Vantage
I have a lot of running around today so this might be my only trade unless US session is kind.
Have a good weekend Dave.

Take a look at EU, it hit H4 res to the pip. I didn't take another entry long I had shorted USDSEK instead.
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  • #3,715
  • Dec 21, 2010 5:55am Dec 21, 2010 5:55am
I am still banging out HL LH trades every day thanks to your thread Dave.

It is quiet here so I just wanted to take the opp to wish you and yours a happy xmas.

Cheers.
  • #3,716
  • Dec 22, 2010 12:16am Dec 22, 2010 12:16am
Quoting jag1966
I am still banging out HL LH trades every day thanks to your thread Dave.

It is quiet here so I just wanted to take the opp to wish you and yours a happy xmas.

Cheers.
Great to hear jag.

Not been a good week. Mrs V's BP has been all over the place. She was taken to hospital last night and was put into ICU.
  • #3,717
  • Dec 22, 2010 1:58am Dec 22, 2010 1:58am
Quoting Vantage
Great to hear jag.

Not been a good week. Mrs V's BP has been all over the place. She was taken to hospital last night and was put into ICU.

Vantage - I am sorry to hear about Mrs V. I hope her BP stabilises soon and you can have her home.

Sending you both good wishes and prayers.
  • #3,718
  • Dec 22, 2010 2:08am Dec 22, 2010 2:08am
Quoting Vantage
Great to hear jag.

Not been a good week. Mrs V's BP has been all over the place. She was taken to hospital last night and was put into ICU.
I hope she gets well soon Dave, my thoughts are with you both.
  • #3,719
  • Dec 22, 2010 3:26am Dec 22, 2010 3:26am
Quoting Vantage
Great to hear jag.

Not been a good week. Mrs V's BP has been all over the place. She was taken to hospital last night and was put into ICU.
Dave, very sorry to hear about Mrs.V's problems. I do hope and pray that she's well enough to get home in time for Christmas. Please give her my very best regards.
  • #3,720
  • Dec 22, 2010 4:07am Dec 22, 2010 4:07am
Hello Dave. Very sorry to learn that the wonderfull Mrs V. is in ICU. Our thoughts are with you and we hope she make a speedy recovery. Cheers and all the best.
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