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Higher low, lower high system

  • #4,601
  • Aug 11, 2011 10:43am Aug 11, 2011 10:43am
Quoting Ian
Here's my secret source..

http://www.forexfactory.com/news.php
lol...
not secret any more.
  • #4,602
  • Aug 12, 2011 2:57am Aug 12, 2011 2:57am
Quoting danc
traded this twice on way down .. as per break of trend lines and w8..5and 34 Expodential.. tally of 58..good day for me total 165++--Minus.. 30.. EU UD looks a lot lower to me ..thinking 4073/26.. ish..thats using Fibo pivot projections.. with weekly data..
Great stuff danc
16% in one day from 1.5% risk and about 12% in 1 day from 1% risk. Outstanding.

Don't know how long I'm here for might jump into bed again and try for US session, twt.
  • #4,603
  • Aug 12, 2011 3:24am Aug 12, 2011 3:24am
That is indeed a great daily return Danc. Congratulations from a fellow Aussie, and yes, V's strategy is fantastic and I have been using it for several years now.
  • #4,604
  • Aug 12, 2011 4:45am Aug 12, 2011 4:45am
Quoting orientos
That is indeed a great daily return Danc. Congratulations from a fellow Aussie, and yes, V's strategy is fantastic and I have been using it for several years now.
Just been checking your 27 attachments.. Bldy nice examples.. have put on desk top and will browse hard over weekend..Notice u trade Euro open.. I have been doing same same and has been quit kind to me.. i also watch Aussie /jy..somtimes good..But this V stuff really sharpened me up.. makes me focus more..my biggest prob is trying to see things there that are not.. trying to force the trade or will it to happen..I find if i continualy go back over Vs stuff it brings me back to reality..mixed bag for me tonite so far..
  • #4,605
  • Aug 14, 2011 7:44pm Aug 14, 2011 7:44pm
Just took this one.. based on 1 hr before JPY open.. h15 min chart and 5 min.. hier low,, breaking of consolidation as per hoz line and angle o f em 5 and 8 w.. closed now.. for 28.. also watching 5/10 m live DXY with day and week pivots marked on..Actualy was watching from.. the open in NZ.. at 7.30 am aussie time..
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  • #4,606
  • Aug 15, 2011 12:25am Aug 15, 2011 12:25am
Watching.. EUJPY.. 4 hr and 1 hr look like hier btms to me.. last 5.. 1 hr bars consolidate inside 1 single bar.. currently contained between.. daily and weekly mid pivot points .. w.. 110.00 and day 109.70.. my bias is long so will look for break above weekly mid point then consolidation for hier low enter point..
  • #4,607
  • Aug 15, 2011 12:48am Aug 15, 2011 12:48am
Watching to buy above 4300.. noticed it is trading abovelast 2 week pivot center lines and above daily pivot.. trading above 4300 would be a break of trend line and clear hier low.. just my opnion of course..and at this point would be trading above daily fibo pivot R3..
  • #4,608
  • Aug 15, 2011 6:39pm Aug 15, 2011 6:39pm
Extract from Ralph Shells latest.. on USD..

The TIC Long Term Purchases was only $3.7B down from last period's $24.2B. Since this data is two months old, we only have a glimpse of what the bankers have done, not what they are now doing. Probably more important is the gigantic surge of M2, up $420B in the last six weeks. In Seeking Alpha, the Calafia Beach Pundit says:

"Something big is going on, and it can only be the financial panic that is sweeping Europe, as money flees a banking system that is loaded to the gills with PIIGS debt. In short, it looks like there is a run on the European banks, and the U.S. banking system is the safe haven of choice."

The money flow from Europe says the USD, not the pound is the haven of choice. We have had a three day rally in the pound versus the USD, taking us up from a low of 1.6111 to today's high of 1.6408. Currently we are trading at 1.6384. We want to sell the pound versus the USD at current levels. The logical stop point is 1.6550, but logical stop points are not always the best place. Often everyone has stops there, low hanging fruit for the market makers.
Also lower tops on....EU/UD Daily.. notice were trend line is if u run trendline off first 2 ?? possible Shortish i think??
  • #4,609
  • Aug 15, 2011 7:10pm Aug 15, 2011 7:10pm
Am short at 4426.. based on daily lower tops.. about 5 fibos coming in on current hi... and shape of current 15m and 5 mincharts,,.. stop is above current daily hi.. havnt time to pst chart will later..also below daily PPX and weekly pivot resistance of .618% at 4435..which i see as very significant.. just my thinking ..
  • #4,610
  • Aug 15, 2011 9:32pm Aug 15, 2011 9:32pm
Quoting danc
Am short at 4426.. based on daily lower tops.. about 5 fibos coming in on current hi... and shape of current 15m and 5 mincharts,,.. stop is above current daily hi.. havnt time to pst chart will later..also below daily PPX and weekly pivot resistance of .618% at 4435..which i see as very significant.. just my thinking ..
Obviously no lower his as per V method.. but i am short and my bias is short and i am hunting lower his as per Vs method.. to add to.. using as well 8w.. 5and 34.. and a 96 w on 15/5 min charts..
  • #4,611
  • Aug 16, 2011 1:42am Aug 16, 2011 1:42am
A classic example of why some people do not like indi's.

I missed this yesterday, watched the charts all morning, didn't see anything I liked. We had an out of season storm so I switched the charts off went upstairs and ended up having a 3 hr snooze (trying to get rid of last bits of flu).

Anyway a perfect eur hammer on 1hr, obviously after that buys is the way to go. 5 min chart, the red line shows the close of the hammer, there were several hl, little/no upper wick opportunities to enter.

Anyway back to indi's the hammer is a perfect set up but doesn't lead to a fozzy cross upwards or in this case even the rsi itself turning up. That 1hr hammer too good to have ignored.
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  • #4,612
  • Aug 16, 2011 1:47am Aug 16, 2011 1:47am
Quoting danc
Extract from Ralph Shells latest.. on USD..

The TIC Long Term Purchases was only $3.7B down from last period's $24.2B. Since this data is two months old, we only have a glimpse of what the bankers have done, not what they are now doing. Probably more important is the gigantic surge of M2, up $420B in the last six weeks. In Seeking Alpha, the Calafia Beach Pundit says:

"Something big is going on, and it can only be the financial panic that is sweeping...
I'm not even trying to figure what the big boys are doing at this stage. There are lots of places this can turn, just hoping for some clean candles like Y on eur.
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  • #4,613
  • Aug 16, 2011 1:52am Aug 16, 2011 1:52am
When a D chart has this many potential SR areas anything can happen. Eur D is on a hl, we broke last SR level 4400, hit the upper TL so that might just be a bounce lower. Normally I'd be thinking up from here, but like I say haven't got a clue.
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  • #4,614
  • Aug 16, 2011 1:59am Aug 16, 2011 1:59am
Quoting Vantage
When a D chart has this many potential SR areas anything can happen. Eur D is on a hl, we broke last SR level 4400, hit the upper TL so that might just be a bounce lower. Normally I'd be thinking up from here, but like I say haven't got a clue.
Thanks, I thought it was just me..
Follow, don't anticipate.
  • #4,615
  • Aug 16, 2011 2:08am Aug 16, 2011 2:08am
GU for now has just posted a nice hammer off M2, a high vol line (brown) and just above the 12 Aug high. So for now I'd be thinking the move down is the LO head fake and we are moving up.

If there's a hl buy problems could be D P at 6350, Asian lows just above that.

Anyway we have to wait and see what follows this hammer.

Its time consuming to post these live as it were, risking missing a trade, but I've been asked before what I look for as day progresses. This is pretty much it, good candles, poss SR levels if I make a trade and where It could get into pooh.
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  • #4,616
  • Aug 16, 2011 2:20am Aug 16, 2011 2:20am
Quoting Vantage
GU for now has just posted a nice hammer off M2, a high vol line (brown) and just above the 12 Aug high. So for now I'd be thinking the move down is the LO head fake and we are moving up.

If there's a hl buy problems could be D P at 6350, Asian lows just above that.

Anyway we have to wait and see what follows this hammer.

Its time consuming to post these live as it were, risking missing a trade, but I've been asked before what I look for as day progresses. This is pretty much it, good candles, poss SR levels if I make a trade and where It could...
Forgot to mention rsi, 8 lwma still heading sharply down but I'm not going to sell against that hammer.
  • #4,617
  • Aug 16, 2011 2:21am Aug 16, 2011 2:21am
Quoting Vantage
Forgot to mention rsi, 8 lwma still heading sharply down but I'm not going to sell against that hammer.
Could this be another LO session does nothing much until we get closer to US early morning???
  • #4,618
  • Aug 16, 2011 2:28am Aug 16, 2011 2:28am
Sure looks like it. Yesterday we had some European bank holidays, but there appears to be no reason today. TWT.
  • #4,619
  • Aug 16, 2011 2:32am Aug 16, 2011 2:32am
Quoting Vantage
GU for now has just posted a nice hammer off M2, a high vol line (brown) and just above the 12 Aug high. So for now I'd be thinking the move down is the LO head fake and we are moving up.

If there's a hl buy problems could be D P at 6350, Asian lows just above that.

Anyway we have to wait and see what follows this hammer.

Its time consuming to post these live as it were, risking missing a trade, but I've been asked before what I look for as day progresses. This is pretty much it, good candles, poss SR levels if I make a trade and where It could...
Vantage, just wondering if you still consider volume in your analysis at all? I noticed that the hammer was on falling volume. Would that lessen your confidence in it at all?
Follow, don't anticipate.
  • #4,620
  • Aug 16, 2011 2:33am Aug 16, 2011 2:33am
Quoting orientos
Sure looks like it. Yesterday we had some European bank holidays, but there appears to be no reason today. TWT.
GU just closed a 5 min lh, still not selling if it goes lower quite prepared to miss out this one. Even comparing the 1hr lwma which is sharply down and comparing the 1hr lwma on eur chart above which was pretty much flat not interested in a sell here.

Gu right on 50% of Y's range and hammer low around 62%.
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