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Higher low, lower high system

  • #5,061
  • Oct 13, 2011 5:21am Oct 13, 2011 5:21am
Wasn't quick enough to spot this London fakeout setup this morning. EU 1 hr overnight couldn't close above MR1 giving upper wicks. After LO price breaks above MR1 but again closes below, another 1 hr wick.

15 min shows a push up then a spinning top hesitation followed by a solid neg close on the hour with CII divergence.

5 min lh closing below MR1 and crossing the 8lwma.

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Follow, don't anticipate.
  • #5,062
  • Oct 13, 2011 5:31pm Oct 13, 2011 5:31pm
Quoting danc
V.. amm.. Yes i do and i also watch the Futures contract.. DXY.. Both of course mostly lead countrys in the basket.. the largest of course is the EURO... so like last nite with these 2 falling out of the Sky.. there was dynamic longs in the ones i follow.. EURO.. Cable and Dragon..I watch live charts of them both on a second screen.. My chart Source.. is Net Dania.. for the Index..but this can be any thing from at the moment or up to 1 hr delay..and FXpro for live DXY at the moment..I cant post charts from either cause i havent worked out how.....
Dan, thanks for all that info, very interesting.. will check out AmyC's posts/dollar index etc.

Just wondering how you get the DXY on FxPro? Is that available on their mt4 platform? I use FxPro for charting but can't see DXY available anywhere - they do offer a lot of symbols but can't see that one.

Don't know if you've tried IntelliCharts for the Index, I've looked and it appears it may show a current level compared to Netdania, you can find it here...

http://efx.tradesecuring.com/misc/

... be interested to hear what you think.

I noticed that the $Index was banging down on a support level this morning (my time that is) at LO just before that big drop in EU/GU etc. That's got my attention now..
Follow, don't anticipate.
  • #5,063
  • Oct 13, 2011 8:23pm Oct 13, 2011 8:23pm
Thanks.. Ian.. site noted and will look...Re DXY.. web based.. site ..fourexpros.com.....Re INDEX and Amyc pivot numbers...were index is now.. 77.00ish.. well current 1/4 number.. is 77.03.. mid point... or PPX.. week.. 100% point77.08... 100% is last weeks range minus.. center pivot... and month pivot is 77.27.. i reckon if it can close above this point on say 1hr or 4 hr.. it will be game on to the low side for most in the basket.. and visa versa if it breaks below 77.00.. also have been told and have noticed but havnt been following long..USDCAD tends to lead the Index and DXY... also have noticed USD CAD reacts with deadly accurcey to these bigger pivot ranges..or has done since i have been following..Oh and on netdania... is showing that w8 rsi diverge.. on Index.
  • #5,064
  • Oct 14, 2011 2:28am Oct 14, 2011 2:28am
Ian.. see u at RR.. i dont agree my bias is Index..DXY up .. will still look for short trades as per.. V method.. total indecision at the mo thou in my opn... mite be another small range day..Tis friday hey..Check out front page..check.. trendline indicator.. well worth a look i think..
  • #5,065
  • Oct 14, 2011 2:37am Oct 14, 2011 2:37am
Quoting danc
Ian.. see u at RR.. i dont agree my bias is Index..DXY up .. will still look for short trades as per.. V method.. total indecision at the mo thou in my opn... mite be another small range day..Tis friday hey..Check out front page..check.. trendline indicator.. well worth a look i think..
Yes not sure which way EU wants to go atm. There was a 5 min lh after bounce off the upper trend line, I nearly took it but am very wary of trading during FH due to sudden changes of direction catching me out in the past.

$INX shooting up atm.

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Follow, don't anticipate.
  • #5,066
  • Oct 14, 2011 2:40am Oct 14, 2011 2:40am
EU now at lower tl from yesterday afternoon.
Follow, don't anticipate.
  • #5,067
  • Oct 14, 2011 2:42am Oct 14, 2011 2:42am
Quoting Ian
EU now at lower tl from yesterday afternoon.
Will wait to see what it does here...

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Follow, don't anticipate.
  • #5,068
  • Oct 14, 2011 6:08am Oct 14, 2011 6:08am
Short the Euro as per trendline break and cross..
  • #5,069
  • Oct 14, 2011 6:09am Oct 14, 2011 6:09am
Short the EUUD.. as per above post and picture..
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  • #5,070
  • Oct 14, 2011 10:40am Oct 14, 2011 10:40am
Mrs V took this one but it stalled at the high W M4 so no great shakes there.
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  • #5,071
  • Oct 14, 2011 10:45am Oct 14, 2011 10:45am
For some reason she didn't take this one. This is a fave set up of of hers, 25-ish pip counter trend retrace. Nice morning star pattern cross of 8 lwma (the cross of lwma in trend in itself not a shabby trade). Ema's perfect, prev 1hr was a solid pos close.

She was expecting visitors blah blah blah, not the end of the world.
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  • #5,072
  • Oct 14, 2011 10:51am Oct 14, 2011 10:51am
Quoting danc
EUUD.. 4 hr.. The ole Fozzy Cross.. 4 hr diverge... working like a beauty..How GOOD is this signal....Thank You..V..Every time u see this u could just about buy/ sell it and go sit in the sun..
I am again reminded of the story Vic Noble mentioned about a massive (50 full lots at a time) trader who highly successfully traded only gu 4hr divergence. prepared to wait for those few trades in a month.

There is a lesson there.

Thanks for posting them, with that set up (divergence + fozzy cross) no wonder you have that as a direction bias, love it.
  • #5,073
  • Oct 16, 2011 7:14pm Oct 16, 2011 7:14pm
And the 4 hr Fozzy.. and CCI Diverg..EUUD..But all the smart monie says up.. I wonder??
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  • #5,074
  • Oct 16, 2011 10:40pm Oct 16, 2011 10:40pm
Short this EU 15 min as per thumbs.. stop at hi..cross..note 4 hr div on above post,,..
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  • #5,075
  • Oct 16, 2011 11:18pm Oct 16, 2011 11:18pm
4 hr chart Dragon.. not Fozzy anf Rsi div.. i am short at 122.00 based on 15 minlower hi..
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  • #5,076
  • Oct 17, 2011 12:03am Oct 17, 2011 12:03am
4 hr dragon again..besides fozzy RSI div.. note fibo cluster.. 50% and 2 exts..1.618 and 1.50%... well worth following on 15 m and 5 m i reckon..
  • #5,077
  • Oct 17, 2011 12:05am Oct 17, 2011 12:05am
Here is the picture..
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  • #5,078
  • Oct 17, 2011 3:28am Oct 17, 2011 3:28am
EU 1hr pos close above 8lwma, RSI up above 50 level, 15 min spinning top, 5 min hl break of 4 hr resistance and trend line, nice angle and separation on all ma's, entry 3884, out for +20 at 3904 after price stalled above the RN.

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Follow, don't anticipate.
  • #5,079
  • Oct 17, 2011 3:33am Oct 17, 2011 3:33am
Lost monie on both my calls Ian....
  • #5,080
  • Oct 17, 2011 4:44am Oct 17, 2011 4:44am
Quoting danc
Lost monie on both my calls Ian....
That's tough Dan, especially as EU's on it's way down again now.

I didn't take this as 1 hr well above ma and rsi still strongly up.

However a nice setup apart from that, 1 hr SS rejecting Friday's high, 15 min SS, 5 min lh no lower wick.

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Follow, don't anticipate.
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