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Higher low, lower high system

  • #4,061
  • Apr 18, 2011 5:44am Apr 18, 2011 5:44am
Vantage, Thoughts are with you and your family at this sad time.
Follow, don't anticipate.
  • #4,062
  • Apr 18, 2011 6:19am Apr 18, 2011 6:19am
Very sorry to hear that, Vantage. My condolences to you and your family.
If you don't risk, you don't ever have to lose.
  • #4,063
  • Apr 18, 2011 6:21am Apr 18, 2011 6:21am
My thoughts and prayers are with you and your family mate.
What you do is a reflection of you....what I do is a reflection of me.
  • #4,064
  • Apr 18, 2011 7:17am Apr 18, 2011 7:17am
Thanks to all that posted, pm'd or just stopped for a second with a nice thought its much appreciated.
  • #4,065
  • Apr 19, 2011 2:31am Apr 19, 2011 2:31am
Quoting Vantage
My mum passed away yesterday and I'm off to make arrangements, no idea when I'll be back trading.

Her op went well but she wasn't strong enough to recover. She made an unbelievable recovery from her op 14 months ago and had a year with us when she was as well as could be expected. I prayed she wouldn't suffer and she didn't, that was a good thing.
I decided to pop into your thread to say 'hi' after a long time away only to see this sad news. I wish you the very best during this difficult time.
  • #4,066
  • Apr 19, 2011 7:21am Apr 19, 2011 7:21am
Quoting Auron112
I decided to pop into your thread to say 'hi' after a long time away only to see this sad news. I wish you the very best during this difficult time.
Hi A
Thanks.

I trust all well with you?
  • #4,067
  • Apr 19, 2011 7:26am Apr 19, 2011 7:26am
I was out arranging stuff at church. Mrs V got this one, entry 6263. 1hr positive close after a doji, 15 min engulfing close. Nice hl little/no upper wick move up from 50 psych level/D pivot (purple dash).
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  • #4,068
  • Apr 19, 2011 7:31am Apr 19, 2011 7:31am
We did not get this one just showing because its pretty straight forward.

1hr pos close above the immediate range. Pulls back to the SR level, POC (brown line)/25 psych level combo. 15 min pos close. 5 min hl.
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  • #4,069
  • Edited 10:14am Apr 19, 2011 9:19am | Edited 10:14am
Quoting Vantage
I was out arranging stuff at church. Mrs V got this one, entry 6263. 1hr positive close after a doji, 15 min engulfing close. Nice hl little/no upper wick move up from 50 psych level/D pivot (purple dash).
Nice trades as usual Vantage. I completely missed the GU move and wasn't watching EU this am. I did consider this 1 hr hammer rejection of pivot and 50% of yesterday's move. 15 min pos close and 5 min hl. I left as I wasn't completely happy with the upper wick on the 5 min. Also entry would have been 6292 and would have been trading into 1.63/MR1/POC combo.

Turned into a perfect 85/15 trade. could have made 20 on it as it turns out. Anyway I'm concentrating on leaving the iffy trades. If I can be successful at that my trading will turn around!

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Follow, don't anticipate.
  • #4,070
  • Apr 19, 2011 1:38pm Apr 19, 2011 1:38pm
Quoting Vantage
We did not get this one just showing because its pretty straight forward.

1hr pos close above the immediate range. Pulls back to the SR level, POC (brown line)/25 psych level combo. 15 min pos close. 5 min hl.
Hi Dave

Thanks for posting all three charts (1h, 15min, and 5min) in one post (as I requested earlier on this thread). Beautiful - now I can see the picture(s) and visualise the reasons for entering. Like I said - a picture is worth more than a thousand words for me.

Still following your thread and trying your system every now and then (when I do have the time to look at the screen) but hopefully I would be more active with my trading after May 2011 when I am finishing THIS other thing of mine. Then I'll study your thread from page 1. Because I am still not familiar with all the terms and abbreviations used on this thread. But I'll get there.

In the mean time, I do study each chart your posted in detail because I really like this approach of yours.

Thanks and enjoy.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,071
  • Apr 19, 2011 3:53pm Apr 19, 2011 3:53pm
Quoting Vantage
Hi A
Thanks.

I trust all well with you?
Quite well, thanks. Still doing the trading grind but I've been working on a lot of research and development stuff lately that has kept me away from posting (not that I was ever prolific, anyways). Good to see that not much has changed here as yours was always a very solid approach. I'll post a chart or two if I have some good HL/LH trades, though a lot of my trading right now is focused on levels around FO/LO using M1/M5 so they might be sporadic.

Cheers.
  • #4,072
  • Apr 20, 2011 2:29am Apr 20, 2011 2:29am
Quoting Ian
Nice trades as usual Vantage. I completely missed the GU move and wasn't watching EU this am. I did consider this 1 hr hammer rejection of pivot and 50% of yesterday's move. 15 min pos close and 5 min hl. I left as I wasn't completely happy with the upper wick on the 5 min. Also entry would have been 6292 and would have been trading into 1.63/MR1/POC combo.

Turned into a perfect 85/15 trade. could have made 20 on it as it turns out. Anyway I'm concentrating on leaving the iffy trades. If I can be successful at that my trading will turn around!

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Hi Ian
If you're not comfortable leave it.

One thing I'll add, if you have a move above the immediate range and a pullback into/to top of prev range and then hl sets up right ie 1hr pos, good 15 min candle, that's normally a good set up.
  • #4,073
  • Apr 20, 2011 2:32am Apr 20, 2011 2:32am
Quoting Golfer
Hi Dave

Thanks for posting all three charts (1h, 15min, and 5min) in one post (as I requested earlier on this thread). Beautiful - now I can see the picture(s) and visualise the reasons for entering. Like I said - a picture is worth more than a thousand words for me.

Still following your thread and trying your system every now and then (when I do have the time to look at the screen) but hopefully I would be more active with my trading after May 2011 when I am finishing THIS other thing of mine. Then I'll study your thread...
Cheers, and yes I have to admit when I do post all 3 charts it does make more sense for others and then of course in future when people look and don't have to go back for ages in their own charts to see what candles looked like.
  • #4,074
  • Apr 20, 2011 2:35am Apr 20, 2011 2:35am
Quoting Auron112
Quite well, thanks. Still doing the trading grind but I've been working on a lot of research and development stuff lately that has kept me away from posting (not that I was ever prolific, anyways). Good to see that not much has changed here as yours was always a very solid approach. I'll post a chart or two if I have some good HL/LH trades, though a lot of my trading right now is focused on levels around FO/LO using M1/M5 so they might be sporadic.

Cheers.
Cheers.
  • #4,075
  • Apr 21, 2011 2:04am Apr 21, 2011 2:04am
Quoting Vantage
Cheers, and yes I have to admit when I do post all 3 charts it does make more sense for others and then of course in future when people look and don't have to go back for ages in their own charts to see what candles looked like.
An alternative to the trouble of posting three separate charts could be to use something like Stratman's Mini-chart indi on a separate template, specifically for your examples. Could be kind of a nuisance marking up, saving, and posting three charts every time but this could be a good compromise.

I'm pretty sure you've already used the indi in the past, but I'll post it just in case or if anyone else wants to give it a try.
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File Type: ex4 Stratman_MiniChart_v12.ex4   37 KB | 290 downloads
  • #4,076
  • Apr 21, 2011 2:08am Apr 21, 2011 2:08am
Quoting Auron112
An alternative to the trouble of posting three separate charts could be to use something like Stratman's Mini-chart indi on a separate template, specifically for your examples. Could be kind of a nuisance marking up, saving, and posting three charts every time but this could be a good compromise.

I'm pretty sure you've already used the indi in the past, but I'll post it just in case or if anyone else wants to give it a try.
Thanks with all my changes of computers recently I don't think this is an indi I backed up.
  • #4,077
  • Apr 21, 2011 2:20am Apr 21, 2011 2:20am
1hr up, 15 min up, 5 min hl little/no upper wick. Entry 6473 I was aware of the psych level etc that was ahead of me. Got to +11 or so then a doji and a neg close, then back to +11. With 15 min and 5 min sell divergence put stop to BE which got taken out.

It also means that I missed a potential 2b sell but thems the breaks. Whilst I wanted to protect myself against a downside move I'm so far not too interested in selling into this $ weakness.
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  • #4,078
  • Apr 21, 2011 2:30am Apr 21, 2011 2:30am
Quoting Vantage
It also means that I missed a potential 2b sell but thems the breaks. Whilst I wanted to protect myself against a downside move I'm so far not too interested in selling into this $ weakness.
Agreed. Just look at those H1 and H4 mini-charts. Hard to try and counter that right now. Plus with it being a heavy news day relative to the rest of the week, I would guess that IF sellers want to come in they will be waiting until after those releases. TWT, as a wise man once said.
  • #4,079
  • Apr 21, 2011 2:45am Apr 21, 2011 2:45am
Quoting Auron112
I would guess that IF sellers want to come in they will be waiting until after those releases. TWT, as a wise man once said.
My stop would have held but I stuck to my BE rules but darn it thems the rules.

Mrs V is in bed I think the events of last week caught up with her. I was making the tea and toast (me apricot jam Mrs V peanut butter, why I write this stuff goodness only knows) and missed the next hl move up. It was against a 15 min neg close and don't know if I would have taken it. If you are going to break/stretch things do it with the trend.
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  • #4,080
  • Apr 21, 2011 2:50am Apr 21, 2011 2:50am
Just wondering if these are the sorts of levels we are headed to over next few days/weeks.
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