Higher low, lower high system

Thought I'd post this one. Mrs V has been mentally working very hard to shed her membership of the 20 pips bank hall of fame.

This morning on blog down bias was clear.

The 15 min chart angle down on 128 lwma (=1hr 32lwma = 4hr 8lwma) is clear so we are happy with 4hr trend. Price moves into the gap. 15 min 2b, engulfing negative close evening star pattern, with divergence. So we are happy that move up is the head fake and we are back into trend.

60% out at W S1 for +65-ish, balance target is the next W pivot at 1.5928, we'll see if BE stop survives. We are at the moment in London close bounce up time.

4hr RSI crossed up, move up from W SI/support area. 1hr divergence. 4hr and 1hr still on lower high lower low flow. Hopefully any possible push up will be contained by the D pivot 1.5988 or the Y's low/W M2 combo.

Target to exit balance the next W pivot, W M1 1.5928.

Here is my 4 hr.. CCI and RSI div.. couple of strong week pivots.. 2787.. and 2763.. looks very self contained at mo to me..i feel stand aside and wait for it to declare it self.. i realy do think some hier ground..

as a matter of interest.. picture of 4 hr EURx.. if EUUD go hier.. would want above 2 hoz lines.. both week pivot resistance lines and down trend line.. note diverge of sorts.. CCI and Fozzy.. but at mo looks verge of hard down.. IN My opn

Yes we'll see who wins, EUR just bounced up from Y's low again, but 2800/D pivot also held.

Mrs V apparently exited another portion of GU trade last night after my post so now only about 15% still riding.

I thought I'd said this - obviously not.

Ha couldn't have been that good an explanation if it took 10 times to click.

We are heading back down to Y's low/W S1 we'll look to exit the balance. Not that we expect anything dramatic from the US election not in our nature to risk it.

Lol. I've re read the first page about 100 times and I'm still not 100% sure...

OK OK OK I think its post 5659, has a EUR trade that should just about explain all. When I get home I'll re do that chart as it covers just about everything and post Mrs V's 15 min trade from today.

If you are not looking at this thread you should http://www.forexfactory.com/showthread.php?t=345586 well worth checking out.

15 min lh, below 32lwma (4hr 8 lwma). Ran down to W M1 at 5928, she exited short of that when a big storm started here.

OK here we go, this is a fairly typical trading day. It is staggering how many days play out exactly like this.

Top left on chart, you cannot see it but price was falling from Asian session then formed a double top.

Left arrow down marked 1st lower high, trade 1.
See trade 1 in 1st post. This is the first genuine lower high on 5 min. Price made a low, closes above the 8 lwma and then a close below again making a 4 candle (wait 20 minutes and try again) wave. At this stage the 1hr has not yet closed.

Arrow down 2nd from left, trade 2.
See trade 2 in 1st post. This is the 5 min lower high that follows the close of the FIRST decent 1hr candle in the move. If the 5 min lower high happens right on the close of the 1hr candle that's also fine. OK the immediate range low WAS 1.3050, it has broken lower, moves up above the 8 lwma to test the 50 psych level/lows of move. Price then closes below the 8 lwma to confirm the lower high. Its the 2nd lower high in the move. After this i.e. from the 3rd lower high your risk goes up significantly, so take care if its your 1st entry of the day.

Arrow up.
We avoid counter trend moves from what we loosely describe as weak 1hr candles.

Arrow down 2nd from right.
See trade 3 in 1st post. 2b back into trend pre US session.

Arrow down far right.
Genuine lower high back into days trend pre/early US session.

If there is anything else that you are not clear on that the above examples do not cover just shout.

If i could just chime in for a mo..and what took me some time... to put my head around.. its not the first candle at low or hier loe or if u like third hier low.. BUT the BIG bullish or bearish candle after the actual lows.. and then look for break of flat top for final confirmation.. if u like.. go back throu chart and mark all u see .. try to find 50/100.. imprint on your mind.. like it says on first page all most a 100% ter.. Hope this helps.. and excuse me for butting in..

This is one i traded.. may not be PURE.. V .. but good enough for me.. i use lower TF for enter.. hope helps

Here is another of sorts....once again not pure..V.. but clear in my OPN.. could be wrong..

Sorry wrong picture.. And OH.. by way i think bottom taking place so may be worth watch

EUUD..1 hr.. all ready taken long possie.. muti time frames pivots at base.. looking to add 2.. i see Vs patten of sorts 2/3 formed here.. just my opn of course..

Eu 1 mi just got for 20.. second go this morn.. got a 5 previous

Cheers mate looks 100% to me.

Price moves up to Y's high/low of 5 and 6 Nov support becomes resistance. Ihr upper wicks + divergence, didn't want to go up for 4hrs. Mrs V took entry from 15 min, divergence + head and shoulders pattern. Her target exit next W pivot at 1.2726 for about 45. We'll see if we make it.

Personally I think we should have exited 60% at least at the 1.2735 lows.

Anyway charts to come later.

We have for some time been focused on bringing 4hr in more. Also looking at 15 min more and more so we might bring in a 4th trade onto page 1, we'll see.

Thanks, everything is much clearer now.
Just one thing I'm not too sure about is the 2b. Have a look at your image I've edited.

Why wasn't the 2b I've circled not a valid entry?
Cheers