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Higher low, lower high system

  • #4,481
  • Jul 27, 2011 4:42am Jul 27, 2011 4:42am
Quoting Vantage

Anyway on a completely different topic Mrs V is now on DAY 23 not smoking. Even better both of us are alive and well. There have been no threats to use sharp sticks or blunt spoons.
Hey Dave, tell the missus that I'm absolutely over the moon for her!! 23 days without a ciggy after a 50 a day habit!! She's cracked it now, me old mate, and it's good to see that you're still alive! I'm coming up to my 6th year, so if I can do it, SHE can!!!
  • #4,482
  • Jul 27, 2011 4:55am Jul 27, 2011 4:55am
Quoting eyevoltage
Hey Dave, tell the missus that I'm absolutely over the moon for her!! 23 days without a ciggy after a 50 a day habit!! She's cracked it now, me old mate, and it's good to see that you're still alive! I'm coming up to my 6th year, so if I can do it, SHE can!!!
Cheers guys.

I've seen the film 28 days later so whilst I think the subject matter is just a touch different I think I might get eaten alive any minute. Just kidding shes doing really well.
  • #4,483
  • Jul 27, 2011 5:52am Jul 27, 2011 5:52am
EJ 1 hr large upper wick bounce off ms1/Mon's POC combo. 15 min had two lower wicks, waited for a solid neg close. 5 min lh close below 50 psych level. Short at 112.46. 50% out at just above S2 112.37, remainder out at BE +1.

Attached Image (click to enlarge)
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Follow, don't anticipate.
  • #4,484
  • Jul 27, 2011 6:33am Jul 27, 2011 6:33am
Quoting Vantage
I was almost going batty for a while. 2 weeks ago today I had trades on the Mon and Tues then 6 days no trades at all till Thurs/Fri last week. No trades again Y!! Obviously this debt issue is causing markets to drift a little.

Anyway on a completely different topic Mrs V is now on DAY 23 not smoking. Even better both of us are alive and well. There have been no threats to use sharp sticks or blunt spoons.
vantage,

great news to hear mrs. v has reverted to fresh air !
great achievement from 50/day to nil !
do congratulate her for me.
did my ebook help?

cheers.
  • #4,485
  • Jul 27, 2011 7:31am Jul 27, 2011 7:31am
Quoting Ian
EJ 1 hr large upper wick bounce off ms1/Mon's POC combo. 15 min had two lower wicks, waited for a solid neg close. 5 min lh close below 50 psych level. Short at 112.46. 50% out at just above S2 112.37, remainder out at BE +1.

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Hi Ian
Nice trade, I was out, just got back in. Just wondering if I'd have considered the lh 2 candles earlier which took out the low of the small 15 min hammer.

Pity it never followed through a little more, but hey, last few days pips is pips!!
  • #4,486
  • Jul 27, 2011 7:35am Jul 27, 2011 7:35am
Quoting pgd
vantage,

great news to hear mrs. v has reverted to fresh air !
great achievement from 50/day to nil !
do congratulate her for me.
did my ebook help?

cheers.
Will do.

Yes it did, mainly with the decision, she got in her head that this time she did want to give up. I suppose like anything thats 90% of the battle.

Thanks again.
  • #4,487
  • Jul 27, 2011 7:42am Jul 27, 2011 7:42am
Posted my D eur chart earlier. Heres my D ej chart with poss SR areas highlighted. At the moment we have stalled at the D S1 and W pivot combo.

Looks to me like we are headed lower TWT.
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  • #4,488
  • Jul 27, 2011 9:24am Jul 27, 2011 9:24am
Just got back from lunch and walk and saw this.

EU 1 hr rejection of daily pivot, 15 min neg close, 5 min lh no lower wick, entry at 4442. Was mindful of recent support but that was taken out easily.
50% out at 4422 for +20, stop on remainder at BE+1.

There is space to fall further if Friday's high will give way.

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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Follow, don't anticipate.
  • #4,489
  • Jul 27, 2011 9:28am Jul 27, 2011 9:28am
Quoting Ian
Just got back from lunch and walk and saw this.

EU 1 hr rejection of daily pivot, 15 min neg close, 5 min lh no lower wick, entry at 4442. Was mindful of recent support but that was taken out easily.
50% out at 4422 for +20, stop on remainder at BE+1.

There is space to fall further if Friday's high will give way.

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Very nice Ian, I was waiting for that and got distracted, missed out, oh well tomorrow is another day.
  • #4,490
  • Jul 27, 2011 10:44am Jul 27, 2011 10:44am
Quoting Vantage
Very nice Ian, I was waiting for that and got distracted, missed out, oh well tomorrow is another day.
Added on at 4421, 1hr still neg, another solid 15 min neg close, 5 min lh rejection of MS1, closed below 25 psych level.

All out too early at S1/4400 combo. Should have waited to see if 15/85 would play out. Never mind +6.3% on account for the day so I'm not really too upset.

Attached Image (click to enlarge)
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Follow, don't anticipate.
  • #4,491
  • Jul 27, 2011 10:54am Jul 27, 2011 10:54am
Quoting Vantage
Will do.

Yes it did, mainly with the decision, she got in her head that this time she did want to give up.
I'm glad the ebook came in handy.

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I suppose like anything thats 90% of the battle.

very true.

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Thanks again.

you're most welcome.
  • #4,492
  • Edited 11:18am Jul 27, 2011 11:07am | Edited 11:18am
Quoting Vantage
Hi Ian
Nice trade, I was out, just got back in. Just wondering if I'd have considered the lh 2 candles earlier which took out the low of the small 15 min hammer.

Pity it never followed through a little more, but hey, last few days pips is pips!!
Yes I did think about that. Probably being a bit conservative but I worry that if you do that before having a solid 15 min close you might get just triggered into a trade and then a reversal happens and you get another 15 min hammer which would suddenly make the trade look altogether different and much less appealing.

I suppose if you get a solid 5 min close below the hammer as in this case it's worth a shot. It would have given an entry about 5 pips better by my reckoning although that would have meant an entry above the 50 level.
Follow, don't anticipate.
  • #4,493
  • Jul 27, 2011 11:09am Jul 27, 2011 11:09am
Just noticed PAGE 300, Thanks, V for all your continued input/feedback/valuable info combo.!!
Follow, don't anticipate.
  • #4,494
  • Jul 27, 2011 11:47am Jul 27, 2011 11:47am
Quoting Vantage
Posted my D eur chart earlier. Heres my D ej chart with poss SR areas highlighted. At the moment we have stalled at the D S1 and W pivot combo.

Looks to me like we are headed lower TWT.
Daily SR for GU and ECHF.

Attached Image (click to enlarge)
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Click to Enlarge Name: ec_daily_sr.gif Size: 17 KB
Follow, don't anticipate.
  • #4,495
  • Jul 28, 2011 1:43am Jul 28, 2011 1:43am
Quoting Ian
Never mind +6.3% on account for the day so I'm not really too upset.

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How could you be, +6.3% for a day!!
  • #4,496
  • Jul 28, 2011 1:47am Jul 28, 2011 1:47am
Quoting Ian
Yes I did think about that. Probably being a bit conservative but I worry that if you do that before having a solid 15 min close you might get just triggered into a trade and then a reversal happens and you get another 15 min hammer which would suddenly make the trade look altogether different and much less appealing.

I suppose if you get a solid 5 min close below the hammer as in this case it's worth a shot. It would have given an entry about 5 pips better by my reckoning although that would have meant an entry above the 50 level.
Thats where things can get debatable. Are there degrees of hammers? If the 15 min hesitation/counter trend candle appears weak, small inside bar, small 15-ish pip hammer then I'd be more into continuing to trade the 5 min hl/lh trend. Especially if up for the day.
  • #4,497
  • Jul 28, 2011 1:52am Jul 28, 2011 1:52am
Quoting Ian
Daily SR for GU and ECHF.

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Cheers, I'll add a few more levels onto my gu chart.

I see ej stopped right on the 111.48 S level posted yesterday. When they work they work like a charm.
  • #4,498
  • Jul 28, 2011 1:54am Jul 28, 2011 1:54am
Quoting Ian
Just noticed PAGE 300, Thanks, V for all your continued input/feedback/valuable info combo.!!
A pleasure but you're going like a star, I'll be coming and asking you for tips!!
  • #4,499
  • Jul 28, 2011 2:18am Jul 28, 2011 2:18am
At this stage eur, gu, ej and ec all have neg D closes. All have built bases after big US session drops. Asia as is often the case did not want to break those base levels.

EJ and ec appear better sells to me, D neg candles more in trend. Both eu and gu broke TL's to upside and have had reversal days, I don't see D chart divergence so don't know if this is a top.
  • #4,500
  • Jul 28, 2011 2:39am Jul 28, 2011 2:39am
I have an overseas visitor coming over for coffee and a trading chat. We are dangerously low on snacks so I have to pop out chop chop. He's here in 20 mins!!

Still not decided if eur base will hold or fail, the candles will make all clear, I think twt.
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