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Higher low, lower high system

  • #4,761
  • Aug 24, 2011 7:08am Aug 24, 2011 7:08am
As per previous post.. 15 min diversion on Fozzy and chart..closed +31
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  • #4,762
  • Aug 24, 2011 7:22am Aug 24, 2011 7:22am
Hi Vantage - don't know if you are around still, but thought I would ask anyway. This morning, the EU posted some pretty postive H1 candles, but primarily on the back of news releases. Would you have traded those pullbacks? I didn't, simply because the H1 candle was formed by 20 minutes of positive movement and the reat was pullback. was that too conservative, on your opinion?
  • #4,763
  • Aug 24, 2011 7:34am Aug 24, 2011 7:34am
Quoting danc
As per previous post.. 15 min diversion on Fozzy and chart..closed +31
Very nice danc, keep those coming!!
  • #4,764
  • Aug 24, 2011 7:45am Aug 24, 2011 7:45am
Quoting Delite
Hi Vantage - don't know if you are around still, but thought I would ask anyway. This morning, the EU posted some pretty postive H1 candles, but primarily on the back of news releases. Would you have traded those pullbacks? I didn't, simply because the H1 candle was formed by 20 minutes of positive movement and the reat was pullback. was that too conservative, on your opinion?
If I'd had the eur up for the arrow left trade I think I'd have taken that in line with pos candle Y + reject of W pivot + US supp area. Had GU up and ended up leaving that one.

Eur arrow right, was right on the news, I would have taken that but again had gu up for buy at break of 2 point 6513. Had another gu buy just below 6525 and got out at BE.

If its medium news I try not to let that bother me too much. The eur arrow left trade was 15 mins after news so that also should be OK by then especially with such good candles.

And whilst I'm here the gu chart red line shows close of 1hr neg candle. Had a bit of a lower wick but the arrow down lh that happened below the RN, below the 1hr lower wick, would have had me interested.
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  • #4,765
  • Aug 24, 2011 9:52am Aug 24, 2011 9:52am
A little bit more of an aggressive pm's trading for us.

Arrow left 1hr neg close 15 min flipped over neg after a long legged doji, lower high little/no lower wick. The exit was a classic right on bottom of wick of a 4hr candle.

Sold the continuation move which was stopped out.

15 min morning star pattern, bought the 6445 hl little/no upper wick got to +14 or so but taken out at BE.

Despite the 1hr hammer sold the lh little/no lower wick after the strong retrace at 6443. This is actually one of Mrs V's fave trades. In strong trend after 100 + pips done trade the retraces 1 psych level to the other. She believes US session loves these moves, I'm not arguing. Exited a little early not waiting to see reaction at days low.

I see days low has failed so good chance of 15/85 trade.

Eur appears to be nowhere near its atr so I'm done for day, no LC trades for me.

2-1 for session with a BE.
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  • #4,766
  • Aug 24, 2011 9:59am Aug 24, 2011 9:59am
Nice work, V!

Thanks also for your wisdom on this morning's session.
  • #4,767
  • Aug 24, 2011 10:06am Aug 24, 2011 10:06am
Quoting Delite
Nice work, V!

Thanks also for your wisdom on this morning's session.
No problem.

The 15/85 trade has followed through, anyway I'm done for the day.
  • #4,768
  • Aug 24, 2011 10:09am Aug 24, 2011 10:09am
I've thinned out the gu D SR levels that I previously had (deleting a chart completely in error will do that) and there seems to be a S level here. Might still go lower than 6385 not fussed, outta here.
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  • #4,769
  • Aug 25, 2011 3:34am Aug 25, 2011 3:34am
Hi All,

Take this trade as a 2b reversal.

Up until a few weeks ago i didnt even know this pattern!!!

Thanks Vantage!!

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  • #4,770
  • Aug 25, 2011 3:43am Aug 25, 2011 3:43am
Quoting xxxxLearner
Hi All,

Take this trade as a 2b reversal.

Up until a few weeks ago i didnt even know this pattern!!!

Thanks Vantage!!

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Certainly seems like a 2b and 4hr showing lots of upper wicks. Take care though today with the Jackson Hole conference today and London session rubbish of last few weeks. So far 4450 giving supp still.

I missed the early move up, wasn't in front of computer, so no trades for me as yet.
  • #4,771
  • Aug 25, 2011 3:44am Aug 25, 2011 3:44am
Sorry about my por images!!

Another trade i am taking on EJ

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  • #4,772
  • Aug 25, 2011 3:47am Aug 25, 2011 3:47am
Quoting xxxxLearner
Sorry about my por images!!

Another trade i am taking on EJ

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Mrs V has threatened removal of extremities with a blunt spoon if I sell ej just above 111.25 ie the prev low. Whilst 1hr is a definite perfect sell candle D, 4hr suggest up, this great 1hr candle could just be a pause in trend. This often happens when move is quick away from ma's. So we are viewing ej reject as pause in move up and not selling.
  • #4,773
  • Aug 25, 2011 3:52am Aug 25, 2011 3:52am
Vantage. Can i trouble you to post a chart of wht u mean?
  • #4,774
  • Aug 25, 2011 3:58am Aug 25, 2011 3:58am
Quoting Vantage
Mrs V has threatened removal of extremities with a blunt spoon if I sell ej just above 111.25 ie the prev low. Whilst 1hr is a definite perfect sell candle D, 4hr suggest up, this great 1hr candle could just be a pause in trend. This often happens when move is quick away from ma's. So we are viewing ej reject as pause in move up and not selling.
1hr ej. Perfect shooting star, but running against the D and 4hr charts. 1hr ran far away from its 8 lwma. This kind of moves cannot be sustained. So as trend is up we are viewing the SS as a pause and quite happy to miss out on moves down hopefully we'll get move back into trend.
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  • #4,775
  • Aug 25, 2011 4:03am Aug 25, 2011 4:03am
Thanks Vantage. Much appreciated.

1hr ej. Perfect shooting star, but running against the D and 4hr charts. OK UNDERSTAND.


1hr ran far away from its 8 lwma. I HAVE READ THROUGH MOST OF THE THREAD, BUT CANT WORK OUT WHAT LWMA IS. WEIGHTED MOV AV....BUT WHAT IS THE L

So as trend is up we are viewing the SS .....FORGIVE ME FOR MY IGNORANCE...BUT WHAT IS AN SS!!
  • #4,776
  • Aug 25, 2011 4:06am Aug 25, 2011 4:06am
Quoting xxxxLearner
Thanks Vantage. Much appreciated.

1hr ej. Perfect shooting star, but running against the D and 4hr charts. OK UNDERSTAND.


1hr ran far away from its 8 lwma. I HAVE READ THROUGH MOST OF THE THREAD, BUT CANT WORK OUT WHAT LWMA IS. WEIGHTED MOV AV....BUT WHAT IS THE L

So as trend is up we are viewing the SS .....FORGIVE ME FOR MY IGNORANCE...BUT WHAT IS AN SS!!
Linear weighted ma. SS shooting star.

Doesn't mean we'll be right these sells could work out nicely, just that its trades we are prepared to pass on and won't beat ourselves up if they work out in hindsight.
  • #4,777
  • Aug 25, 2011 4:11am Aug 25, 2011 4:11am
EU 1min.. trend line and.. hand indicate enter.. movavs cross daily resistance above ..38% resistance weekly fibo pivots.. and clear fozzy 15min diversion... also short Cable.. and also short Gold ..same set up gor 26 d.. will try post chart later..EURO looks to be still going
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  • #4,778
  • Edited 4:39am Aug 25, 2011 4:13am | Edited 4:39am
Quoting Vantage
Linear weighted ma. SS shooting star.

Doesn't mean we'll be right these sells could work out nicely, just that its trades we are prepared to pass on and won't beat ourselves up if they work out in hindsight.

Thanks Again!!

Am out EU.....

But triggered EJ.....Closed for itty bitty 7 pips
  • #4,779
  • Aug 25, 2011 4:23am Aug 25, 2011 4:23am
Just to clarify the x is where Mrs V didn't want us to sell, even if candle was bigger and closed nearer 111.30. The arrow down is a perfect system trade in terms of 1hr upper wicks, 15 min neg close, 5 min lh little/no lower wicks.

I'm not even giving Mrs V any stick over this one.

Just showing the eur chart as well, same set up as ej. As often happens just needed a little more time for the trade to kick in properly. A classic example of waiting for candles to fall into place.

Neeexxxxxt trade pls.
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  • #4,780
  • Aug 25, 2011 4:24am Aug 25, 2011 4:24am
The line were it broke lowerwas 1743.. 50% support level.. of weekly fibo pivot points.. am out of all now cause DXY is hitting resistance at weekly pivot centre level.. on 5 min chart..
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