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Higher low, lower high system

  • #5,081
  • Oct 17, 2011 5:04am Oct 17, 2011 5:04am
There was divergence on the 1 hr...

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Follow, don't anticipate.
  • #5,082
  • Oct 17, 2011 5:08am Oct 17, 2011 5:08am
Nice Diverg Ian....
  • #5,083
  • Oct 17, 2011 5:20am Oct 17, 2011 5:20am
Quoting danc
Nice Diverg Ian....
Yes, shame I didn't notice it earlier...
Follow, don't anticipate.
  • #5,084
  • Oct 17, 2011 5:43am Oct 17, 2011 5:43am
Great trades guys.

I just wanted to share my own little tweak to Vantage's excellent method. Bear in mind that I am pretty conservative so it may not suit everyone.

I use the hourly candle for direction, but look to the close of that candle to be the line in the sand ie the 5 minute candle must close above/below that level (and close convincingly ie little wick). This candle is then the setup bar and I enter one pip above/below it.

I would really welcome anyone's views on this. It seems to me that it keeps you out of trades when price is whipsawing, but an objective critique would be great!
  • #5,085
  • Oct 17, 2011 5:54am Oct 17, 2011 5:54am
Quoting Delite
Great trades guys.

I just wanted to share my own little tweak to Vantage's excellent method. Bear in mind that I am pretty conservative so it may not suit everyone.

I use the hourly candle for direction, but look to the close of that candle to be the line in the sand ie the 5 minute candle must close above/below that level (and close convincingly ie little wick). This candle is then the setup bar and I enter one pip above/below it.

I would really welcome anyone's views on this. It seems to me that it keeps you out of trades when price is...
Hi Delite, applying your tweak to the last trade I posted, the 1 hr closed at 3892 on my chart and the 5 min lh closed at 3896 therefore you wouldn't have taken the trade in this case. Just checking I am understanding you correctly.
Follow, don't anticipate.
  • #5,086
  • Edited 6:13am Oct 17, 2011 6:03am | Edited 6:13am
Quoting Ian
Hi Delite, applying your tweak to the last trade I posted, the 1 hr closed at 3892 on my chart and the 5 min lh closed at 3896 therefore you wouldn't have taken the trade in this case. Just checking I am understanding you correctly.
No, I would have taken the trade, but at the close of the next candle, which closed at 3888. Will rustle up a chart, bear with me!
  • #5,087
  • Oct 17, 2011 6:12am Oct 17, 2011 6:12am
Okay. The red horizontal line represents the close of the 1hr shooting star. as you can see, the 10.20 M5 candle closes below it and so entry would be one pip beneath that candle.
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  • #5,088
  • Oct 17, 2011 6:32am Oct 17, 2011 6:32am
Quoting Delite
Okay. The red horizontal line represents the close of the 1hr shooting star. as you can see, the 10.20 M5 candle closes below it and so entry would be one pip beneath that candle.
Got it, thanks.

I've probably not thought about it in those exact terms but I think, subconsciously, I would be preferring to take an entry in this area near or below the close/low of the 1 hr candle . I'll look back over some of my previous trades to see where the entry was in relation to the line in the sand you mention.

Did you notice your %age winning trades increased after applying the tweak?
Follow, don't anticipate.
  • #5,089
  • Oct 17, 2011 6:34pm Oct 17, 2011 6:34pm
Quoting Delite
Okay. The red horizontal line represents the close of the 1hr shooting star. as you can see, the 10.20 M5 candle closes below it and so entry would be one pip beneath that candle.
NICE...I like it... Clear thinking>>>>
  • #5,090
  • Oct 17, 2011 6:37pm Oct 17, 2011 6:37pm
EUUD.. 1 hr.. Check CCI... A diverg.... ?? or potential Diverg?? How would u read this Ian..??
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  • #5,091
  • Oct 17, 2011 6:51pm Oct 17, 2011 6:51pm
Cable 1 hr clear diverg on RSI and CCI.. on weekly PPX..MMM..??
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  • #5,092
  • Oct 17, 2011 11:59pm Oct 17, 2011 11:59pm
Cable 15 min.. took this one as per last post based on DIV and weekly PPX and raw chart..closed as per this picture.. and hoz line for 60++
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  • #5,093
  • Oct 18, 2011 2:26am Oct 18, 2011 2:26am
Quoting danc
EUUD.. 1 hr.. Check CCI... A diverg.... ?? or potential Diverg?? How would u read this Ian..??
Hmm... bit difficult to read when it is long and drawn out like that. RSI didn't show div, I don't use CCI but CII did potentially show div.

I prefer it when price makes a more definite attempt at a low/high followed by a decent pullback then another attempt to break the low/high. I think div is easier to read then... as per second chart.

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Follow, don't anticipate.
  • #5,094
  • Oct 18, 2011 2:36am Oct 18, 2011 2:36am
EU at potential support level.

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Follow, don't anticipate.
  • #5,095
  • Oct 18, 2011 2:37am Oct 18, 2011 2:37am
Ian thanks for reply..

Check EUUD 4 hr chart...just wanted to show one of these Fozzy divergs in acytion.... very reliable.. Divergs on Fozzy and CCI... same same on Cable and Dragon..I got this short for 60.. on a 15..and 5 min..
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  • #5,096
  • Oct 18, 2011 2:39am Oct 18, 2011 2:39am
Gees i am a dummy... u have been talking abt a CII... i dont even know what a CII is..Must look..
  • #5,097
  • Oct 18, 2011 2:47am Oct 18, 2011 2:47am
Hi Dan - Ian posted the CII indic. on page 337. Cheers.
  • #5,098
  • Edited 3:06am Oct 18, 2011 2:47am | Edited 3:06am
Quoting danc
..u have been talking abt a CII... i dont even know what a CII is..Must look..
Check out Medici in this thread, not so much a thread for a light read but more for a serious study.. check also post's by Islander and V amongst others.

Definitely recommended.

http://www.forexfactory.com/showthre...37#post3931637
Follow, don't anticipate.
  • #5,099
  • Oct 18, 2011 2:47am Oct 18, 2011 2:47am
EU..4 hr Fozzy..CCI..CII....all diverg..MMMM
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  • #5,100
  • Oct 18, 2011 3:18am Oct 18, 2011 3:18am
V. - I see you have a big (Australia v South Africa) cricket match on there tomorrow. My invitation to your corporate box must still be in the mail! LOL.
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