Higher low, lower high system | Page 193 | 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

  • #3,841
  • Jan 30, 2011 3:47am Jan 30, 2011 3:47am
Evening doji star pattern, lower high, macd histo turning over. Seems like good reason to expect some falls coming.

We'll see if tl holds.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
  • #3,842
  • Jan 31, 2011 12:12pm Jan 31, 2011 12:12pm
I saw the pinbar (also negative close, lower high at the daily extemely, move was already 120pips (120% of Ave daily range)) on the 15min and I entered below the low of that pinbar. The pinbar also formed the right shoulder of a Head and Shoulder formation. Just a bit late in the day.

I also looked at the 5min chart where a lower high was formed - also a Head and Shoulder formation, even clearer.

Just ignore the comment refering to Phillip's system (not applicable for this system) on the chart.

Result is 30pips profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 20110131 2.1.jpg Size: 105 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #3,843
  • Jan 31, 2011 11:29pm Jan 31, 2011 11:29pm
Quoting Golfer
I saw the pinbar (also negative close, lower high at the daily extemely, move was already 120pips (120% of Ave daily range)) on the 15min and I entered below the low of that pinbar. The pinbar also formed the right shoulder of a Head and Shoulder formation. Just a bit late in the day.

I also looked at the 5min chart where a lower high was formed - also a Head and Shoulder formation, even clearer.

Just ignore the comment refering to Phillip's system (not applicable for this system) on the chart.

Result is 30pips profit.
Nice one, bit late in the day for me.
  • #3,844
  • Feb 1, 2011 11:47pm Feb 1, 2011 11:47pm
Hammer, HL bounce from 50/M3 combo. We'll see if it pops. Stop to BE if it doesn't.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
  • #3,845
  • Feb 2, 2011 12:11am Feb 2, 2011 12:11am
Seems you got in a bit earlier that what I did. I'm aiming for just under that next 00 level.

Nice trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 101 KB
  • #3,846
  • Feb 2, 2011 12:12am Feb 2, 2011 12:12am
Well, she's popped V. and I hope you are still in. The M15 wasn't strong enough for me - nice trade.
  • #3,847
  • Feb 2, 2011 12:15am Feb 2, 2011 12:15am
Close enough for me...

+1.75 x risk.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 105 KB
  • #3,848
  • Feb 2, 2011 12:15am Feb 2, 2011 12:15am
Quoting orientos
Well, she's popped V. and I hope you are still in. The M15 wasn't strong enough for me - nice trade.
BE got hit.

Nov highs 6290 next target on D so will be look for dips and hl entries.
  • #3,849
  • Feb 2, 2011 12:16am Feb 2, 2011 12:16am
Quoting Musashi
Close enough for me...

+1.75 x risk.
Nice one.
  • #3,850
  • Feb 3, 2011 12:30am Feb 3, 2011 12:30am
Intraday reversal setup here...
  • #3,851
  • Feb 3, 2011 12:48am Feb 3, 2011 12:48am
Quite possible some support here... scale out some and move stops down..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 93 KB
Click to Enlarge Name: 2.jpg Size: 93 KB
  • #3,852
  • Feb 3, 2011 12:56am Feb 3, 2011 12:56am
Currently watching EU for a resistance candle at this 00 level... Possible short from here..
  • #3,853
  • Feb 3, 2011 1:05am Feb 3, 2011 1:05am
Quoting Musashi
Currently watching EU for a resistance candle at this 00 level... Possible short from here..
I'm watching 6200 for hl on gu in line with D trend.

We haven't had a decent fall for a few days, its gotta happen sometime.
  • #3,854
  • Feb 3, 2011 1:13am Feb 3, 2011 1:13am
Just waiting to see which way price is likely to go from here..... need some rejection before doing anything..
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 88 KB
  • #3,855
  • Feb 3, 2011 1:33am Feb 3, 2011 1:33am
I take it that was good news for the pound just then... Shorted EU after I saw some resistance evident.

Remaining lots got stopped out on GU...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 96 KB
Click to Enlarge Name: 4.jpg Size: 98 KB
  • #3,856
  • Feb 3, 2011 1:42am Feb 3, 2011 1:42am
Well found support at that 75 level... if it is indeed going to trend then finding resistance in this region is a necessity..

Otherwise the typical ranging rubbish...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6.jpg Size: 98 KB
Click to Enlarge Name: 7.jpg Size: 104 KB
  • #3,857
  • Edited 2:10am Feb 3, 2011 1:54am | Edited 2:10am
One more push maybe... showing some significant bidding at this level... just have to wait and see...

Reversal back up above that level will see me get out of short position...

The giving back on an open position is always difficult...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7.jpg Size: 88 KB
Click to Enlarge Name: 8.jpg Size: 92 KB
Click to Enlarge Name: 0.jpg Size: 93 KB
Click to Enlarge Name: 9.jpg Size: 95 KB
  • #3,858
  • Edited 2:33am Feb 3, 2011 2:23am | Edited 2:33am
Price descending still... continuation or reversal... guess will just have to hold out and see...

Nothing to do.. equal chance of going up as it has of going down... momentum is down still...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11.jpg Size: 88 KB
Click to Enlarge Name: 12.jpg Size: 89 KB
  • #3,859
  • Feb 3, 2011 2:37am Feb 3, 2011 2:37am
Quoting Vantage
I'm watching 6200 for hl on gu in line with D trend.

We haven't had a decent fall for a few days, its gotta happen sometime.
It was the news that took it up so no entry for me.

Am thinking seriously of placing limit orders in direction of daily trend for news events. UK news generally goes in 1 direction. It seems when trend is clear as it pretty much has been for Jan to date news seems to go in direction of trend.

If anyone has solid info on this I'm listening.
  • #3,860
  • Edited 7:01am Feb 3, 2011 2:39am | Edited 7:01am
Quoting Musashi
Price descending still... continuation or reversal... guess will just have to hold out and see...

Nothing to do.. equal chance of going up as it has of going down... momentum is down still...
Break a leg M, I have to go out shortly so with poss quiet time coming I'm done.

This has not been a stunning start to month just a few pips here and there.
1 trader viewing now