DislikedRaslph Shell blog today.. Very clear very understandable.. EUCHF.. long.. Aussie a sell..Good stuffIgnored
- #4,446
- Edited 5:24am Jul 8, 2011 5:22am | Edited 5:24am
- Joined Jun 2009 | Status: Trader | 7,795 Posts
What are Higher High, Higher Low, Lower High and Lower Low? 11 replies
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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
DislikedRaslph Shell blog today.. Very clear very understandable.. EUCHF.. long.. Aussie a sell..Good stuffIgnored
DislikedVantage,
please see appended charts.
3 m15 red closes with little/no lower wicks.
LH with m5 solid close.
1. entry, following the hl_lh system, as shown.
2. if we draw a counter TL / bear flag, the entry would be below the low of the next bar OR if we follow the bpc routine, after 3-4 bars.
Question:
Should one wait for the TL break or is the LH entry independent and self-sufficient?
Thanks.Ignored
DislikedBounce off asian lows and 11650.
TL break.
retrace making the LH m15 hammer.
m5 +ve close w/small u/wick taking out the hammer.
entry: 11662
exit 1: 11673(mR1)
exit 2: 11679(yest's high)Ignored
DislikedBounce off asian lows and 11650.
TL break.
retrace making the LH m15 hammer.
m5 +ve close w/small u/wick taking out the hammer.
entry: 11662
exit 1: 11673(mR1)
exit 2: 11679(yest's high)Ignored
DislikedNice one pg.
Mrs V has long since disappeared on NFP day off and I'm catching up on some admin. Haven't really looked at charts although they are up.Ignored
DislikedSome nice opportunities on EU despite NFP looming.
FH closed as a SS which couldn't push above early Asian highs and today's open level. At LO 15 min showed a nice bearish engulfing bar followed by a hammer which couldn't break higher. This produced a 5 min LH little/no lower wick closing below the 4350 level. I didn't take this as overnight range not broken which was a mistake.
Second was a trade I took for a small loss when 4300 appeared to be holding. 1 hr solid down, 15 min inside bar with upper wick rejection of pivot/poc levels. 5 min lh,...Ignored
DislikedNice one PGD.. great chart great enter.. notice a couple of good ones over on the psych thread.. Great stuff..
Looking for the Asian lows as a platform worth watching in my opn..Ignored
DislikedEarlier today around FO/LO I was thinking up if anything for EU after yesterday's daily hammer off S/R level at 4320 seen clearly on 4 hour chart so not expecting a big move down at LO although I did bear in mind the possibility of a test of Wednesday's low at 4285.Ignored
DislikedNice stuff earlier Ian.
Yes in general you have about 70% chance of 1 day pa following the next.
I am currently thinking as a general guide:
a) follow daily
b)if above D rsi 8 50 level + looking to buy even better, if below D rsi 8 50 level selling even better.
So on days like today on eur yes the hammer = up on D chart but we were still below D rsi 50. As was the 4hr also. So eur could have been buy and sell today if set up right.
Or I could be complicating things terribly!!!Ignored
DislikedLooks promising, I'll try incorporating this into my thinking. As always, I suppose, it's advisable to keep thoughts of possible direction at the back of the mind, and under control, whilst watching PA at the levels and allowing that to take precedence over all else.
For example, this morning I allowed the 15 min hammer just after LO to cloud my judgement. Despite the 1 hr and previous 15 min neg engulfing suggesting down I thought - OK maybe up after all - and missed the fact that the hammer had no follow through. Consequently lost focus and...Ignored
DislikedDon't beat your self up on missing a hammer with no follow through signalling a reversal. If I had 25c for every time I've missed one of those, well I wouldn't be rich but a years worth of toll fees would be covered!! Ha not that we use the car much we generally do about 250-300 km's per month!!!
Mrs V has authorised 'counter trend trades' and ones that are just common sense key SR areas with good candles etc. But we are getting more and more aware that above/below D rsi 50 level (you can pick your equivalent ema) will signal trends of 2 - 6 weeks....Ignored
DislikedHi Ian
Have a look at eurchf also, I suppose with the eurozone tanking money also moving to chf. Its 5 day atr for now is stunning, long may it continue.
Perfect set ups today with D, 4hr, 1hr all below 50 rsi (or roughly = to all below their 8 ma's)Ignored
DislikedHi Ian
Have a look at eurchf also, I suppose with the eurozone tanking money also moving to chf. Its 5 day atr for now is stunning, long may it continue.
Perfect set ups today with D, 4hr, 1hr all below 50 rsi (or roughly = to all below their 8 ma's)Ignored