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Higher low, lower high system

  • #3,881
  • Feb 8, 2011 7:20am Feb 8, 2011 7:20am
Quoting Vantage
As mentioned earlier watch pa as we approached the S level. Just sold here due to the lower highs and completely different pa now compared to this am. Stop now at BE, +10.
When I compared pa it was from 15 min chart not the 5 min chart posted.

Out +20 and prob done for day, twt.
  • #3,882
  • Feb 8, 2011 7:25am Feb 8, 2011 7:25am
Quoting Vantage
As mentioned earlier watch pa as we approached the S level. Just sold here due to the lower highs and completely different pa now compared to this am. Stop now at BE, +10.
vantage,

we took identical entry on that one!
where are you planning your exit?

thanks.
  • #3,883
  • Feb 8, 2011 7:31am Feb 8, 2011 7:31am
Quoting pgd
vantage,

we took identical entry on that one!
where are you planning your exit?

thanks.
You'll have seen now I'm out already at +20. Yes I know prob early but I missed out this am so I want my 20 pips to tick acc over. We have a W pivot and D S1 at 6068 and that may stall before fall I think. But as I said I'd be upset to have missed out on a day without banking some pips.
Keep that bal ticking over (upwards) is fine by me.
  • #3,884
  • Feb 8, 2011 9:03am Feb 8, 2011 9:03am
Quoting Vantage
You'll have seen now I'm out already at +20. Yes I know prob early but I missed out this am so I want my 20 pips to tick acc over. We have a W pivot and D S1 at 6068 and that may stall before fall I think. But as I said I'd be upset to have missed out on a day without banking some pips.
Keep that bal ticking over (upwards) is fine by me.
vantage,

when i saw it stalling for 2-3 bars at S1, I exited it too.
it's gone down another 50 pips since then
  • #3,885
  • Feb 8, 2011 4:27pm Feb 8, 2011 4:27pm
Quoting pgd
vantage,

when i saw it stalling for 2-3 bars at S1, I exited it too.
it's gone down another 50 pips since then
Well played :=)
  • #3,886
  • Feb 9, 2011 12:12pm Feb 9, 2011 12:12pm
Vantage,

no posts today!
well, except this one

cheers.
  • #3,887
  • Feb 10, 2011 1:26am Feb 10, 2011 1:26am
Mrs V had a -3 and BE when entries never followed through. The only decent moves out of range in US session and we had visitors so yeah not the best day.
  • #3,888
  • Feb 10, 2011 6:28am Feb 10, 2011 6:28am
2 fairly straightforward lh's.

We took at break of the 2 points, exited 1st when move below 50 level looked like failing. 2nd one exited again when the move below 25 level and close to Y's low appeared to be failing.

We have always worked on closed candles so taking break of 2 point new for us, there are a couple of nice threads where guys are trading the breaks and seemingly doing well.

Why eur this am. It was still on nice lh's, gu had broken cycle with a higher high see x.
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  • #3,889
  • Feb 10, 2011 6:33am Feb 10, 2011 6:33am
We chose to leave this one. Did have 1hr hammer, 15 min railway tracks/hammer and perfect 5 min hl's with little/no upper wick.

On an interest rate day, like NFP, happy to bank pips and walk away.
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  • #3,890
  • Feb 11, 2011 3:18am Feb 11, 2011 3:18am
Eur lh, hit +10 pa back to entry level then +10 again. With gu news and a poss dble bottom stop to BE now.
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  • #3,891
  • Feb 11, 2011 3:56am Feb 11, 2011 3:56am
Quoting Vantage
Eur lh, hit +10 pa back to entry level then +10 again. With gu news and a poss dble bottom stop to BE now.
Last weeks low is coming so will TP anywhere below 25 level.
  • #3,892
  • Feb 11, 2011 4:07am Feb 11, 2011 4:07am
Quoting Vantage
Last weeks low is coming so will TP anywhere below 25 level.
Out for 21 might be back for US session.
  • #3,893
  • Feb 14, 2011 3:05am Feb 14, 2011 3:05am
2 straight forward lh sells. 1hr shooting star, 15 min neg close, 5 min lh little/no lower wick. +27.

Re-entry at low of doji but never followed through at RN, BE.
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  • #3,894
  • Feb 14, 2011 5:17am Feb 14, 2011 5:17am
Quoting Vantage
2 straight forward lh sells. 1hr shooting star, 15 min neg close, 5 min lh little/no lower wick. +27.

Re-entry at low of doji but never followed through at RN, BE.


Hi Vantage, some nice trades here well deserved.

What is your MM strategy?
  • #3,895
  • Feb 14, 2011 5:36am Feb 14, 2011 5:36am
Quoting Larseg
Hi Vantage, some nice trades here well deserved.

What is your MM strategy?
Max 2% often around 1%.
  • #3,896
  • Feb 14, 2011 10:34am Feb 14, 2011 10:34am
Hi Vantage,

pl look at the attached chart and let me know if this would have been a technically valid 2B long entry?

thanks.
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  • #3,897
  • Feb 14, 2011 1:49pm Feb 14, 2011 1:49pm
Quoting Vantage
Max 2% often around 1%.
Ok, so you change it a bit around. Or depends on how many pips you have to risk sort of?

I have certain levels where I add or decrease the risk.

example: 10 000 acc. = 200 can be used for 5 trades (risk 1000), if I loose all 5 or vice versa I recalculate... It helps me to never have the biggest position when I am first loosing...
  • #3,898
  • Feb 15, 2011 1:28am Feb 15, 2011 1:28am
Quoting pgd
Hi Vantage,

pl look at the attached chart and let me know if this would have been a technically valid 2B long entry?

thanks.
Looks like 2b to me.
  • #3,899
  • Feb 15, 2011 1:30am Feb 15, 2011 1:30am
Quoting Larseg
Ok, so you change it a bit around. Or depends on how many pips you have to risk sort of?

I have certain levels where I add or decrease the risk.

example: 10 000 acc. = 200 can be used for 5 trades (risk 1000), if I loose all 5 or vice versa I recalculate... It helps me to never have the biggest position when I am first loosing...
More about where the last swing high/low is or if I move stop to past an important level.
  • #3,900
  • Feb 15, 2011 4:53am Feb 15, 2011 4:53am
Quoting Vantage
More about where the last swing high/low is or if I move stop to past an important level.
Ok, are you using that as an absolute stop or just as an exit level

I find the strategy quite interesting though, who made it?
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