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Higher low, lower high system

  • #4,361
  • Jun 17, 2011 6:45am Jun 17, 2011 6:45am
OK forgot to mention I turn off the histogram/value area etc so just the POC line is showing, same as V does.
Follow, don't anticipate.
  • #4,362
  • Jun 17, 2011 6:53am Jun 17, 2011 6:53am
Quoting king pippin
Firstly thanks Vantage,
Can this indy be used on any time frame and also if you look at my picture that I have attached am I correct in what I say!

Many thanks
King Pippin
Absolutely.

I see some funny squiggly lines at the bottom of your chart, what are they?

Just joking, they won't get you banned!!
  • #4,363
  • Jun 17, 2011 6:58am Jun 17, 2011 6:58am
Ian, T some great trades there. I was out and Mrs V also got the same trade. I just love it.

Anyway in between eating lunch (some of yesterdays chicken, salad and toast) I'm going to post today's perfect set up and how I hope to use 4hr fozzy in conjunction with our methods. May take a little while (Arnie Swaaaarzanigggggers voice) "i'll be baaaaack!".
  • #4,364
  • Jun 17, 2011 7:08am Jun 17, 2011 7:08am
I'm watching eur and gu now on left screen.

Trade 1 first post, hl at extreme of recent session at an important level with good 15 min turn candles.

From these 15 min charts you'll see eur was great, a hammer and then pos close, a much better option than gu.

5 min hl on eur little/no upper wick off the POC line M2 pivot support level.

If that trade missed what's next .......................
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  • #4,365
  • Jun 17, 2011 7:09am Jun 17, 2011 7:09am
Quoting Vantage
Ian, T some great trades there. I was out and Mrs V also got the same trade. I just love it.

Anyway in between eating lunch (some of yesterdays chicken, salad and toast) I'm going to post today's perfect set up and how I hope to use 4hr fozzy in conjunction with our methods. May take a little while (Arnie Swaaaarzanigggggers voice) "i'll be baaaaack!".
Can't wait, don't be long..

Just beautiful how the 1 hr pulled back to R1 and support from Wednesday before pushing higher. One day I'll develop the patience to leave my stop alone to allow moves like this to play out.

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Follow, don't anticipate.
  • #4,366
  • Jun 17, 2011 7:13am Jun 17, 2011 7:13am
Quoting Vantage
I'm watching eur and gu now on left screen.

Trade 1 first post, hl at extreme of recent session at an important level with good 15 min turn candles.

From these 15 min charts you'll see eur was great, a hammer and then pos close, a much better option than gu.

5 min hl on eur little/no upper wick off the POC line M2 pivot support level.

If that trade missed what's next .......................
Trade 2 as per 1st post.

1hr closes positive. It looks like the move down to 4125 was the head fake. 15 pos and 5 min hl little/no upper wick exactly as Ian and T have posted.
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  • #4,367
  • Jun 17, 2011 7:18am Jun 17, 2011 7:18am
The trade taken from the 1hr has also got the 4hr set up confirming. 4hr has had a strong run down, it also has had its own hl turn confirmation. The likelihood now that this move up could go for 3 to 8 4hr candles. Of course it might not so any reasonable taking partial profits move stop somewhat would be perfectly acceptable. There is a potential R area at 4331 easily seen and that might be a good target.

Anyway Mrs V wasn't going to let that go whilst she was on her own, fair enough.

That in a nutshell like I said the perfect example on what I'm looking to do with these methods.
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  • #4,368
  • Jun 17, 2011 7:21am Jun 17, 2011 7:21am
Quoting Ian
Same one as Vantage posted here, standard settings.

http://www.forexfactory.com/showthre...89#post4680789
Same as the templates I posted. http://www.forexfactory.com/showthre...86#post4684086

T thanks for changing the colours on your charts much easier to see them now.
  • #4,369
  • Jun 17, 2011 9:11am Jun 17, 2011 9:11am
Quoting pgd
a.
entry: 1.4189
exit: 1.4167 near pivot

b.
entry: 1.4165 below pivot
exit : 1.4142 near mS1

PS

Vantage,

re. entry a.

I took the break of the m5 candle that confirmed the m5 LH within the last bearish m15 candle at the end of the last h1 candle. however, at the time of break (2 candles later), the last formed m5 candle was green though with a big upper wick.

was this correctly done?
any other comments?

thanks.
No comments trade a was fine. Green candle in between the candle to its left (setting up the lh) and your entry candle on the right (that was obviously not yet closed) was a small inside candle and shouldn't have given any scares to not take trade.

trade b was perfect 100% system.

Sorry I missed earlier very nice trades.
  • #4,370
  • Jun 17, 2011 9:14am Jun 17, 2011 9:14am
I was wanting to take this as an 85/15 trade, but with news coming out soon who knew what would happen. Of course it was the news that did the trick.
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  • #4,371
  • Jun 17, 2011 10:39am Jun 17, 2011 10:39am
Hi V, I was just wondering what times (GMT) do you look for reversals ? and what time do you look for trend trades (100% system trade). You mentioned in and around london open for reversals - any specific times e.g. 8am to 9am GMT ?

Thanks
Dan
  • #4,372
  • Jun 17, 2011 10:53am Jun 17, 2011 10:53am
Quoting dan89
Hi V, I was just wondering what times (GMT) do you look for reversals ? and what time do you look for trend trades (100% system trade). You mentioned in and around london open for reversals - any specific times e.g. 8am to 9am GMT ?

Thanks
Dan
Sorry was chatting on google.

15 min candles, from frankies open through to 60-90 mins from LO. So 7-9/9.30 gmt. Anything else pretty much follow hourly as a general rule. There are always odd exceptions eg a SR level that is so strong that its just common sense or when pa has been split between 1hr candles eg price has been hanging around for 45-60 mins but overlapping 1hr and its not clear on 1hr.
  • #4,373
  • Jun 17, 2011 11:00am Jun 17, 2011 11:00am
I was debating taking this one with one of threads regulars before it happened. 100% system trade, 1hr up 15 min pos close and 5 min hl little/no upper wick. Was happy to let it go due to atr exceeded already at that point. However IF we had a bigger piece of todays trading pie I would have, quite happy to risk 15 pips if 75 or more up, not happy to risk 15 of Mrs V's hard won pips when we have less than 30. PROVIDED its 100% system trade, which it was.

Higher low, ie smaller bounce lower from that key level, 100% system trade = good chance key level will fail.
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  • #4,374
  • Jun 17, 2011 11:39am Jun 17, 2011 11:39am
Quoting Vantage
Sorry was chatting on google.

15 min candles, from frankies open through to 60-90 mins from LO. So 7-9/9.30 gmt. Anything else pretty much follow hourly as a general rule. There are always odd exceptions eg a SR level that is so strong that its just common sense or when pa has been split between 1hr candles eg price has been hanging around for 45-60 mins but overlapping 1hr and its not clear on 1hr.
Hi V, thanks for the reply. So am i correct in saying that you are looking for reversals around 7 - 9:30 gmt following the 15 min candles and any time after that your looking for trend trades following 1hr candles ?

How do you look for reversals ? Do you look for 15 min candle patterns which signal a reveral e.g. pin bar ?

Thanks
Dan
  • #4,375
  • Jun 17, 2011 11:49am Jun 17, 2011 11:49am
Quoting dan89
Hi V, thanks for the reply. So am i correct in saying that you are looking for reversals around 7 - 9:30 gmt following the 15 min candles and any time after that your looking for trend trades following 1hr candles ?

How do you look for reversals ? Do you look for 15 min candle patterns which signal a reveral e.g. pin bar ?

Thanks
Dan
Hi Dan
Yes pin bars, engulfing at a key level of some sort (proven SR areas, pivots, psych levels, POC etc) and the 5 min hl/lh little/no wicks in direction of move.
  • #4,376
  • Jun 17, 2011 5:02pm Jun 17, 2011 5:02pm
Quoting Vantage
The trade taken from the 1hr has also got the 4hr set up confirming. 4hr has had a strong run down, it also has had its own hl turn confirmation. The likelihood now that this move up could go for 3 to 8 4hr candles. Of course it might not so any reasonable taking partial profits move stop somewhat would be perfectly acceptable. There is a potential R area at 4331 easily seen and that might be a good target.

Anyway Mrs V wasn't going to let that go whilst she was on her own, fair enough.

That in a nutshell like I said the perfect example...


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Follow, don't anticipate.
  • #4,377
  • Jun 20, 2011 5:14am Jun 20, 2011 5:14am
A fairly quiet day so far. Took this eur hl, little/no upper wick which never followed through. Out just above BE.
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  • #4,378
  • Jun 20, 2011 5:23am Jun 20, 2011 5:23am
Quoting Vantage
A fairly quiet day so far. Took this eur hl, little/no upper wick which never followed through. Out just above BE.
Noticed that it stopped at the 4 hr 8lwma.
Follow, don't anticipate.
  • #4,379
  • Edited 7:35pm Jun 20, 2011 7:19pm | Edited 7:35pm
Just got a nice 38.. out of Cable ..using Aussie open and Vantage5 min template..approx 55 min..That will do me for the morning.. will go have a cuppa with my broder..
  • #4,380
  • Jun 20, 2011 7:34pm Jun 20, 2011 7:34pm
Same pattens on Euro and Aussie.. also Euro and Cable.. show clear 4 hr bars above 8 weighted.. Ma..clear hier lows.. Dragon and Aussie 4 hr bar pattens..crappy.. in my opn..
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