Higher low, lower high system | Page 286 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What are Higher High, Higher Low, Lower High and Lower Low? 11 replies

How to program Higher-High Higher-Low 19 replies

Higher High/Higher Low indicator conversion from 4 to 5 decimals. Help anyone? 2 replies

Can u point me to code 2 show each bar with a higher high & higher low? 2 replies

High to High and Low to low time cycles 1 reply

Attachments: Higher low, lower high system
Exit Attachments

Higher low, lower high system

  • #5,701
  • Nov 9, 2012 7:11am Nov 9, 2012 7:11am
Quoting danc
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..
Sorry, I'm not too sure what you mean.
Are you talking about 2b reversals?

  • #5,702
  • Nov 9, 2012 7:19am Nov 9, 2012 7:19am
Quoting zola
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

That really was a toughie. A little early to be a pre US session 2b and on 5 min lh ll flow was broken. Like I said that 1 was a difficult.
  • #5,703
  • Nov 9, 2012 8:37am Nov 9, 2012 8:37am
As mentioned above price moved up to Y's high/5 and 6 Nov lows SR level. Then 4hrs of drift. Upper wicks on 1hr with sell negative divergence. 15 min chart, divergence, lower high, head and shoulders pattern. Shooting star on the right shoulder, little/no lower wick.

Exited 60% at W M1 for approx +40, the balance exited just below the RN at W S2 1.2692 approx +80.

The W pivots and SR continues to do a great job of containing price.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13.gif Size: 18 KB
Click to Enlarge Name: 14.gif Size: 20 KB
  • #5,704
  • Nov 10, 2012 12:51am Nov 10, 2012 12:51am
I think these charts again show the importance of W pivots and identified SR levels.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 19 KB
Click to Enlarge Name: 2.gif Size: 17 KB
  • #5,705
  • Nov 10, 2012 1:36am Nov 10, 2012 1:36am
Quoting Vantage
OK here we go, this is a fairly typical trading day. It is staggering how many days play out exactly like this.
Posted this a day or two back. Again its amazing how many days follow this structure.

1.2775 genuine lower high sets up move for the day. Pause at W M1, falls to RN 1.2700 going into pre/early US we would avoid weak 1hr candle fake out moves up. Resumption of London direction resumes to W S2.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 17 KB
  • #5,706
  • Nov 10, 2012 5:29pm Nov 10, 2012 5:29pm
V.....Look forward to your pictures insights and thinking using 4 hr charts
  • #5,707
  • Nov 10, 2012 5:33pm Nov 10, 2012 5:33pm
picture USDX.. 15 min chart .. similar to first page example..suggest hi prob.. short side EUUD.. Just my opn of course..
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.gif Size: 20 KB
  • #5,708
  • Nov 11, 2012 4:25am Nov 11, 2012 4:25am
Quoting danc
V.....Look forward to your pictures insights and thinking using 4 hr charts
Hi danc

I use every day on blog. Whilst I might not mention each of these items specifically every day, pretty much revolves around SR levels, flow/resumption of trend (hl/lh, engulfing closes), divergence, above below 8 lwma (and bringing that lwma down to 1hr and 15 min as 32 and 128 respectively), rsi cross, rsi above/below 50 level, and of course the magnets that are W pivots.

The more things add up the better.
  • #5,709
  • Nov 11, 2012 4:34am Nov 11, 2012 4:34am
It is amazing how different traders can enter same trades using different reasons or methods Been following your nice thread. Keep it up man.
I entered 1.2770 short.


Quoting Vantage
Posted this a day or two back. Again its amazing how many days follow this structure.

1.2775 genuine lower high sets up move for the day. Pause at W M1, falls to RN 1.2700 going into pre/early US we would avoid weak 1hr candle fake out moves up. Resumption of London direction resumes to W S2.
  • #5,710
  • Edited 5:17am Nov 11, 2012 4:41am | Edited 5:17am
Quoting danc
picture USDX.. 15 min chart .. similar to first page example..suggest hi prob.. short side EUUD.. Just my opn of course..
At some stage there must be a bounce up for eur, even if only by way of some relief rally of sorts. Any move up until proven otherwise would just be a CT scalp and then chance to sell rally in downtrend.

EUR D - on 6 Nov we had a small pos close hammer. Couldn't cause a cross of RSI or a cross of 8 lwma which is a pretty tight ma. So didn't inspire too much confidence. From there D bias was down and still is. There is a major SR turning point going back to Jan at 1.2626, a small reaction up from there would only re-inforce downtrend, the Jan move up lasted for 6 weeks and 800 odd pips. So lets say we hit that level and get a 50 pip bounce, my money will be on 1.2626 failing.

4hr - Whilst we are not exactly rocketing down at the moment the lower high lower low flow is on. We remain below the RSI 50 level. The 48lwma clearly shows the D trend down (D 8 lwma). The London Close bounce was not that high and the 8 Nov lows acting as R.

Pretty much down bias for EUR.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB
Click to Enlarge Name: 2.gif Size: 17 KB
  • #5,711
  • Nov 11, 2012 4:48am Nov 11, 2012 4:48am
Quoting Vantage
Hi danc

I use every day on blog. Whilst I might not mention each of these items specifically every day, pretty much revolves around SR levels, flow/resumption of trend (hl/lh, engulfing closes), divergence, above below 8 lwma (and bringing that lwma down to 1hr and 15 min as 32 and 128 respectively), rsi cross, rsi above/below 50 level, and of course the magnets that are W pivots.

The more things add up the better.
Thanks.. reply
  • #5,712
  • Edited 5:19am Nov 11, 2012 5:00am | Edited 5:19am
Quoting shiko
It is amazing how different traders can enter same trades using different reasons or methods Been following your nice thread. Keep it up man.
I entered 1.2770 short.
Cheers, thats about the same price we got.

Exiting portion at the W pivots on move down. Averaged out around +60 pips per lot for around 6% for the day from 1 trade. Don't get that every day of course but Mrs V is up some 22% for this month, if she can maintain discipline stay on track could be her best month. She watches 5 and 15 min charts side by side for timing of entry and this month traded only from 15 min entries. It appears that's the way she wants to go. Tried synergy candles on 15 min but reverted to trad candles.

Why do I say this, with all due respect (and I know she'll never read this so on safe ground) Mrs V is a newb. Due to work commitments I do blog, we discuss possible set ups each morning before I pop off and she presses the button. She'll give me the odd call to say she sees this X and Y, be quick, what do I think? She trades then, or not.

Theres a good chance will have to do a tweak and put something up for 15 min entries. The usual stuff is all the same, trying to assess SR, likely direction of day from D and 4 hr charts. If lwma's in line with good angle up/down entry from classic lh/lh's and 2b's (those engulfing closes also). If CT then a lot more info. Need as much as poss from SR, price proving for some time it does not want to follow through (and so giving double tops/bottoms hl/lh), divergence, pivots daily and W.

You popped over to say hi, not sure where all the above came from???
  • #5,713
  • Nov 11, 2012 5:04am Nov 11, 2012 5:04am
Danc forgot to mention that D moves above below RSI 50 can run for 4-6 weeks with small retraces along the way. We are headed down since 18 Oct so we are getting to that 4 week window. Maybe another good down week, we'll see?
  • #5,714
  • Nov 11, 2012 5:14am Nov 11, 2012 5:14am
Danc I thought you'd mention the poss buy/positive 4hr divergence. At the moment whilst we are making new lows I'm happy to follow the moves down. Looking for sell divergence on 1hr and 15 min back into down trend.
  • #5,715
  • Nov 11, 2012 6:49am Nov 11, 2012 6:49am
Nice thread.. thanks for your thoughts..
I agree for those trading with very short term charts or views it's sell on failed rally with the trend and counter scalp long with careful MM..

While my short & medium term Bias for EURUSD had been bearish since mid October..
There are signs now flashing for more consolidation prior to a widely expected break below 1.2650 or continuation of the M/T up trend from July..

Since last week's impulsive break below the 2 month support, daily & weekly PA had been confined to historical ATR & now clustering at the confluence of the May~July 23.6 fibo & the June/July range highs..
mini term PA may still under-shot down to 1.2680~50 but the failure to close below 1.27 last week suggest there may be short & mid term accumulations here at this confluence zone..

My latest EURUSD D1 & H1 charts are here..
have a nice day..


Quoting Vantage
At some stage there must be a bounce up for eur, even if only by way of some relief rally of sorts. Any move up until proven otherwise would just be a CT scalp and then chance to sell rally in downtrend.

EUR D - on 6 Nov we had a small pos close hammer. Couldn't cause a cross of RSI or a cross of 8 lwma which is a pretty tight ma. So didn't inspire too much confidence. From there D bias was down and still is. There is a major SR turning point going back to Jan at 1.2626, a small reaction up from there would only re-inforce downtrend, the Jan move...
  • #5,716
  • Nov 11, 2012 9:01am Nov 11, 2012 9:01am
I popped up as I saw your thread as active currently at trading systems. Nice returns. I am still short. actually closed all positions before Greek vote which I think was a mistake but this kind of news can turn trend so had to protect nice profits. been short with 4 positions form 1.2970.
It is an important level we are at now. so, will be looking if price breaks it to add on pull back. Might be a mighty nice run.

Quoting Vantage
Cheers, thats about the same price we got.

Exiting portion at the W pivots on move down. Averaged out around +60 pips per lot for around 6% for the day from 1 trade. Don't get that every day of course but Mrs V is up some 22% for this month, if she can maintain discipline stay on track could be her best month. She watches 5 and 15 min charts side by side for timing of entry and this month traded only from 15 min entries. It appears that's the way she wants to go. Tried synergy candles on 15 min but reverted to trad candles.

Why do I say this,...
  • #5,717
  • Nov 11, 2012 9:13am Nov 11, 2012 9:13am
Quoting shiko
I popped up as I saw your thread as active currently at trading systems. Nice returns. I am still short. actually closed all positions before Greek vote which I think was a mistake but this kind of news can turn trend so had to protect nice profits. been short with 4 positions form 1.2970.
It is an important level we are at now. so, will be looking if price breaks it to add on pull back. Might be a mighty nice run.
I agree we are at a tough level in and around the June '12 highs. If that resistance level was now to act as support the big boys would have had their orders in place. Yes they could be playing with us but don't think so, cannot believe a 40 pip rally is big boys buying a key level. The euro zone is in such a mess and there is no end in sight. That of course didn't stop the Aug/Sep rally.

Anyway if there is little buying overnight in Asian session that will reinforce my down bias.
  • #5,718
  • Nov 11, 2012 9:19am Nov 11, 2012 9:19am
Quoting cdndollar

Since last week's impulsive break below the 2 month support, daily & weekly PA had been confined to historical ATR & now clustering at the confluence of the May~July 23.6 fibo & the June/July range highs..
mini term PA may still under-shot down to 1.2680~50 but the failure to close below 1.27 last week suggest there may be short & mid term accumulations here at this confluence zone..
Weekly close was solid with little/no lower wick. Applying same simplistic logic that I do to any other TF means that good candles with solid closes should follow through. If this was a key level as mentioned above there should have been a bigger reaction.

Yes it can still happen but for now view is down.

Perfectly happy for pa to prove me wrong may just mean I'm happy to miss some CT trades until daily confirmed up. We'll see.
  • #5,719
  • Nov 11, 2012 9:45am Nov 11, 2012 9:45am
Quoting Vantage
I agree we are at a tough level in and around the June '12 highs. If that resistance level was now to act as support the big boys would have had their orders in place.
I am quite happy to believe (what I see in charts) that the somewhat sluggish pa down the last day or two has been a reaction to some buying of June SR level. The reaction to US election sold off quickly as did Fri's move up.

Still not seeing anything to convince me otherwise.
  • #5,720
  • Nov 11, 2012 11:28am Nov 11, 2012 11:28am
Yeah, one of the reasons I got spooky and closed everything. Did not pay attention In July Draghi speech. Thought it was just a spike.
I hope guys in Congress will take their responsibilities seriously this time. Bar some crazy sh*t like last time I see eur going down a lot.
Oanda is open in 2 1/2 hours. will be interesting to see how things start unfolding.

Quoting Vantage
I agree we are at a tough level in and around the June '12 highs. If that resistance level was now to act as support the big boys would have had their orders in place. Yes they could be playing with us but don't think so, cannot believe a 40 pip rally is big boys buying a key level. The euro zone is in such a mess and there is no end in sight. That of course didn't stop the Aug/Sep rally.

Anyway if there is little buying overnight in Asian session that will reinforce my down bias.
24 traders viewing now