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Higher low, lower high system

  • #4,701
  • Aug 19, 2011 8:26am Aug 19, 2011 8:26am
Quoting Delite
Hi V

Sorry to keep bombarding you with questions - but its the only way to learn!

I note on my charts y high, low, daily roll and London Open. Do you do this, or do these levels tend to give you reasons not to take trades?

Also, I notice from your trade today that you weren't too bothered about the timing. Does it matter to you, what time the signal occurs?

All the best.
Y's high low days open. Yes these levels can give reasons not to take trades. Frankie's hour/LO we would trade carefully around these levels.

After LO more into the Lon morning session and closer to pre US session these levels are more likely to get taken out, or used as a SR level.

We used to be very aware of pre US open pa can drift, now it seems to be LO is poor and mid Lon morning right through US news times are the best. This might change in future. For now we are fans of pre US moves and happy to take trades then.
  • #4,702
  • Aug 19, 2011 8:34am Aug 19, 2011 8:34am
Quoting Vantage
Y's high low days open. Yes these levels can give reasons not to take trades. Frankie's hour/LO we would trade carefully around these levels.

After LO more into the Lon morning session and closer to pre US session these levels are more likely to get taken out, or used as a SR level.

We used to be very aware of pre US open pa can drift, now it seems to be LO is poor and mid Lon morning right through US news times are the best. This might change in future. For now we are fans of pre US moves and happy to take trades then.
Thanks for your seemingly never-ending patience!
  • #4,703
  • Aug 19, 2011 8:40am Aug 19, 2011 8:40am
Quoting Delite
I note on my charts y high, low, daily roll and London Open. Do you do this, or do these levels tend to give you reasons not to take trades?
The pivots indi in post one will do y's high/low + days open automatically for you. It also has an adjustable start time if your charts are not like fxpro's with their days open time.
  • #4,704
  • Aug 19, 2011 8:50am Aug 19, 2011 8:50am
OK I am done for the day despite gu looking like it wants to go higher. Didn't trade after eurchf buy.

The battle continues Mon and we'll see if gu can get to next big R level on D chart 6700-6740. Then its 7050 (W chart for that one Nov '05 + Aug '09).
  • #4,705
  • Aug 19, 2011 9:27am Aug 19, 2011 9:27am
hi, Vantage,
have you made your 40% every month?
this thread started 3 years ago, so it 36 months!

1.4^36=???

Would you please show your performance in FF's trade explorer? that will encourage everyone?

I just wonder why all the famous guys who claimed very successful just can't show the successful performance. that really disappointed me.
  • #4,706
  • Aug 19, 2011 10:08am Aug 19, 2011 10:08am
Hi Vantage,

Just to say I have traded in a very similar fashion for near on 8 years (first 2 years spent getting to grips with things in general). Then my own strategy followed. Par for the course.

Not sure if we do everything the same (for instance I do not consult candlesticks) but each to their own and does it matter how we arrive at our destinations.

New and aspiring traders should study this thread hard/carefully and get to grips with it. Lots of gems, common sense and insight.

Congratulations on seeing and using what most can spend a lifetime looking for and never finding.

Happy Trading

makingpips
  • #4,707
  • Aug 19, 2011 11:06am Aug 19, 2011 11:06am
Quoting bobowang
hi, Vantage,
have you made your 40% every month?
this thread started 3 years ago, so it 36 months!

1.4^36=???

Would you please show your performance in FF's trade explorer? that will encourage everyone?

I just wonder why all the famous guys who claimed very successful just can't show the successful performance. that really disappointed me.

That thread was the silly utterances of someone that at the time did not know better. 40% pm, every month, no not even close, had several months in a row of figures at that level, then fluctuations. Then consistency again.

Part of problem is trying to trade other methods at same time that hits your overall returns. Some success and you think you can trade everything. The other part of the problem to be honest is the mental pressure you put on yourself, I can care less for any comment like it disappoints you (or anyone else). If you had a bad month then some guy you've never heard of pops into your life and his first post on your thread is you had a crap month, he did better, its not worth the aggro.

I have traded on my own acc for almost 4 yrs with no other source of income. Every time I have tried to trade a bigger acc, trade others funds, or feel great 'cos I've done x, y, z % I've come back to earth with a resounding crash. Those games mess with my head just a little too much. I know my limitations, I think.

So now if I make -5%, +5% or yes 40% I am happy, I trade my little acc my own little way, picking up further knowledge along the way. Nowadays I only try 2 things: help others a little here and there and be happy with my general consistency. I make no claims whatsoever.
  • #4,708
  • Aug 19, 2011 11:09am Aug 19, 2011 11:09am
Quoting makingpips
Hi Vantage,

Just to say I have traded in a very similar fashion for near on 8 years (first 2 years spent getting to grips with things in general). Then my own strategy followed. Par for the course.

Not sure if we do everything the same (for instance I do not consult candlesticks) but each to their own and does it matter how we arrive at our destinations.

New and aspiring traders should study this thread hard/carefully and get to grips with it. Lots of gems, common sense and insight.

Congratulations on seeing and using what most can spend...
Cheers mate, feel free to add comments charts set ups etc etc. Detailed trade histories, tax returns, bank statements not a requirement.
  • #4,709
  • Aug 19, 2011 11:54am Aug 19, 2011 11:54am
Quoting Vantage
That thread was the silly utterances of someone that at the time did not know better. 40% pm, every month, no not even close, had several months in a row of figures at that level, then fluctuations. Then consistency again.
Quote
Part of problem is trying to trade other methods at same time that hits your overall returns. Some success and you think you can trade everything. The other part of the problem to be honest is the mental pressure you put on yourself, I can care less for any comment like it disappoints you (or anyone else). If you had a bad month then some guy you've never heard of pops into your life and his first post on your thread is you had a crap month, he did better, its not worth the aggro.

Quote
I have traded on my own acc for almost 4 yrs with no other source of income. Every time I have tried to trade a bigger acc, trade others funds, or feel great 'cos I've done x, y, z % I've come back to earth with a resounding crash. Those games mess with my head just a little too much. I know my limitations, I think.

Quote
So now if I make -5%, +5% or yes 40% I am happy, I trade my little acc my own little way, picking up further knowledge along the way. Nowadays I only try 2 things: help others a little here and there and be happy with my general consistency. I make no claims whatsoever.

  • #4,710
  • Aug 19, 2011 12:45pm Aug 19, 2011 12:45pm
Quoting makingpips
Hi Vantage,

Just to say I have traded in a very similar fashion for near on 8 years (first 2 years spent getting to grips with things in general). Then my own strategy followed. Par for the course.

Not sure if we do everything the same (for instance I do not consult candlesticks) but each to their own and does it matter how we arrive at our destinations.

New and aspiring traders should study this thread hard/carefully and get to grips with it. Lots of gems, common sense and insight.

Congratulations on seeing and using what most can...
I couldn't agree more.
Follow, don't anticipate.
  • #4,711
  • Aug 19, 2011 12:48pm Aug 19, 2011 12:48pm
Quoting Vantage
So now if I make -5%, +5% or yes 40% I am happy, I trade my little acc my own little way, picking up further knowledge along the way. Nowadays I only try 2 things: help others a little here and there and be happy with my general consistency. I make no claims whatsoever.
Massive understatement I think.
Follow, don't anticipate.
  • #4,712
  • Aug 19, 2011 10:41pm Aug 19, 2011 10:41pm
Ian - I second your comments. For many years V. has been exceptionally generous with his time and advice. Oh...he has developed a bloody good strategy BTW. Throw in a bit of humour and Mrs. V. and his thread is a good read.
  • #4,713
  • Aug 22, 2011 6:52am Aug 22, 2011 6:52am
Eu looking to buy this 4450.. with rite chart patten.. not before.. cause i see..strong resistance between 4439/50..note chart patten and volume would indicate to me hier ground..but if it doesnt happen in next 3/4 hr i am in bed.Note its trading above day and weekly pivotspoints..
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  • #4,714
  • Aug 22, 2011 7:16am Aug 22, 2011 7:16am
Quoting danc
Eu looking to buy this 4450.. with rite chart patten.. not before.. cause i see..strong resistance between 4439/50..note chart patten and volume would indicate to me hier ground..but if it doesnt happen in next 3/4 hr i am in bed.Note its trading above day and weekly pivotspoints..
I got -15 on that last hl, my first trade of day after being busy with other stuff this am.
  • #4,715
  • Aug 22, 2011 7:20am Aug 22, 2011 7:20am
Mrs V spotted the closed bodies on 4hr charts around 4420, pity I was already in. I missed that. Don't know if it would have made a diff though with such a small range done we should be going higher? Unless of course we are in for a big down move. TWT.
  • #4,716
  • Aug 22, 2011 7:31am Aug 22, 2011 7:31am
Quoting Vantage
Mrs V spotted the closed bodies on 4hr charts around 4420, pity I was already in. I missed that. Don't know if it would have made a diff though with such a small range done we should be going higher? Unless of course we are in for a big down move. TWT.
Do you mean highlighted area on chart? Possible resistance area?

Attachment
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Follow, don't anticipate.
  • #4,717
  • Aug 22, 2011 7:33am Aug 22, 2011 7:33am
Quoting Ian
Do you mean highlighted area on chart? Possible resistance area?

Attachment
Yes thats the one.
  • #4,718
  • Aug 22, 2011 7:35am Aug 22, 2011 7:35am
doesnt look like my wish will come true.. bed time for me..rain on my old tin roof..
  • #4,719
  • Edited 4:49pm Aug 22, 2011 7:35am | Edited 4:49pm
Quoting Vantage
Yes thats the one.
We'd just had a bullish engulfing 4 hr candle closing just below the 4420 level.

If you had noticed the closed candles before your entry would the 4hr BE candle have given you extra confidence to still take the hl? The trade was set up from the 1 hr which closed above the level and all the subsequent action until the hl was above 4420. Would you still have been worried that 4420 would hold as 4hr resistance (which it did in the event)?
Follow, don't anticipate.
  • #4,720
  • Edited 4:48pm Aug 22, 2011 4:17pm | Edited 4:48pm
Had to go out and missed two possible system entries during NY session.

1 hr closed negative after several upper wicks.

15 min negative close, 5 min lh below all ma's little/no lower wick. Entry would have been 4410 (left arrow). Trading down towards double POC/RN combo but room to get to B/E on a bounce. Probably would have gone to B/E after hammer off those levels but a 15 pip stop would have held through the next LH.

Price bounced back up to the 4420 level and formed a 15 min SS/doji. 5 min bearish engulfing with no lower wick. Entry would have been 4407 (right arrow). Support gave way for a nice run down below weekly pivot to 75 level.

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Follow, don't anticipate.
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