Higher low, lower high system

No support found yet... so will remove the order as price has moved past that 75 level in the market...

Certainly expect some sort of support around here.. just need to see it..

Doesn't show well on your chart but gu 15 min supp/rest area at 5575 clear.

I did see the possibility in that region for sure... just didn't see any good reason to get long based on my chart... no matter patience patience patience...

With neg 1 hr and 15 min I wasn't buying either. Rather looking at that as reaction level and for now hoping 5600 holds and we get a lh sell.

TWT my first day in front of computer but also cleaning house on my own, sorting Mrs V out (BP was OK but spiked Y and this am) and its almost time for lunch.

Maybe US will give the best trades as has been the norm for most of last few weeks.

I agree market is most likely going to consolidate now.. take care mate.

then again.... 5600 held perfectly..

Got what I wanted with the 5 min doji but right on news, now a 35 pip candle so I'm still not in.

This 1st trade of year taking a long time to come!!

I don't care what people say about fibonacci but it's useful... 15R chart gave nice entry bar...

Hitting a 38% retracement level... resistance here is a good thing...

Market never moves in a straight line unfortunately...

Well that didn't work out too well... consolidation... time to disappear and do something else now..

Any trades over the last couple of day vantage ?

There were several yesterday all 15-20 pips, just didn't take pics. I missed the big move down from LO so had to wait a bit. All trades were following 1 hr and 15 min closes. No losing trades Y, always a bonus.

Just got here for today so nothing yet. First reaction is the move down may be a head fake and we are on 1hr hl, so perhaps up day today.

Looks like the D pivot 5549/psych level holding. Just below that 5539 50% of Y's range, but no bounce so far. We'll see.

GU. The are 5 min 1 2 3 counts for buys and sells. A 15 min hammer then shooting star, will need another candle or two for clarity, twt.

This is the kind of pa that Mrs V hates (in bed most of last week as BP still hasn't calmed down properly) sideways junk in the middle of immediate range.

Despite the nice 15 min pos close did not take this one from 5 min. If its a miss I'll live with it. 5570 is the days open.

A couple of chances today. Left arrow down, lh came after a 15 min shooting star, didn't take as I thought 15 min candle was marginal.

2nd lh after 15 min shooting star +15.

The generally poor LO sessions of late have us thinking 3 things bank, bank and (you guessed it) bank.

The arrow up on above 15 min chart refers to this trade. 1hr close pos as did 15 min. Nice 5 min hl. Target originally 5570 (we have that as our days open) but as mentioned above and for this time of day we are happy with anything around 20, we got +24.

I just wanted to stop by and show my first trade in a really long time and ask a question I still struggle with. The bottom chart is the 5m EU which shows the trade I took and the one I skipped.

The x shows the trade I skipped and the up arrow shows the trade I took. The reason I skipped the x trade is because if you look to the chart in the upper left(15m) you can see the down arrow shows the candle that closed right before the x candle formed on the 5m chart. So once the 15 min chart closed as a bearish pin bar type bar I wasn't confident in taking the 5m long trade. Also the hour chart (upper right) where the up arrow is, now it looks like a good bullish bar but at the time the hourly candle was very similar to the 15 min chart.

Since both the 15 and hourly showed bearish bars, I skipped the x trade and then waited until a new HL formed on the 5min. However when the 5 min trade I took formed the 15min showed a bearish bar. This time I ignored the bearish 15min because the trend was still up and the previous 15min was a good bullish bar.

So even though I got +1% on the trade I took I'm wondering if you guys would have taken it or not. I'm still trying to figure out if I should look at the 1hr and 15min charts, if i just looked at the 5min charts I would have taken both of the trades, but I'm sure looking at the 15 and hour charts can save you some times.

Sorry for the long post and I hope to stick around more often and post more of my trades again. Hope everyone is doing well.

trublu

Entered again on EU another +1% added to the account.

trublu

In my experience, using the M60 and M15 charts will protect you from many losses (especially the M15 chart).
I never take any old HL/LH and I always look for some supporting confluence. Could be the M60/M15 charts, a significant RN or other form of S/R,etc. For example, price goes up through a RN and then pulls back before advancing. The PB becomes a HL and I will take this, other things being equal.
In the end we all have to find what works for us, but Vantage's HL/LH's certaintly forms the backbone of a profitable strategy.