Higher low, lower high system | Page 289 | 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

  • #5,761
  • Nov 22, 2012 9:59am Nov 22, 2012 9:59am
Posted else where but just to keep HL/LH ticking over. In uptrend (the 200 ema is way below us), 15 min HL above days open and Y's high, little/no upper wick on set up candle.

Exit half at W R2 and bal when 2nd move up failing to hold above R1 for +31 and +39 respectively.

Mrs V is up some 30% odd with 1 losing trade for the month, she has now taken 5 min charts off all together. The influence from Another Simple System time frame 15 min is massive.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
Click to Enlarge Name: 2.gif Size: 18 KB
  • #5,762
  • Nov 22, 2012 5:48pm Nov 22, 2012 5:48pm
Quoting Vantage
Posted else where but just to keep HL/LH ticking over. In uptrend (the 200 ema is way below us), 15 min HL above days open and Y's high, little/no upper wick on set up candle.

Exit half at W R2 and bal when 2nd move up failing to hold above R1 for +31 and +39 respectively.

Mrs V is up some 30% odd with 1 losing trade for the month, she has now taken 5 min charts off all together. The influence from Another Simple System time frame 15 min is massive.
GOOD Stuff V
  • #5,763
  • Nov 22, 2012 11:11pm Nov 22, 2012 11:11pm
Quoting danc
GOOD Stuff V
Cheers danc.

EUR - Pos D close above 50 RSI level. 4hr higher high higher low in tact. 1hr shows first signs of stall. Bias up.

GU - D neg close doji, RSI on 50 line and still above its ma, price still above D 8lwma. 4hr higher high higher low flow still in tact. 1hr has the potential to flip over first to give a lower high. We are at a resistance level. Bias up but a negative engulfing close on 1hr would signal potential scalp sell.

EJ - D pos close, RSI flat. 4hr RSI crossed below its ma. 1hr lower highs showing but we seem to have a base around 105.90. Bias up.

There is potential for scalp sells on all 3 due to 4hr and 1hr, these will be against the D which has not yet confirmed.

Generally we do best Mon - Thurs, we'll see if freaky Fri rears its ugly head today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 20 KB
Click to Enlarge Name: 2.gif Size: 20 KB
Click to Enlarge Name: 3.gif Size: 18 KB
  • #5,764
  • Nov 23, 2012 12:13am Nov 23, 2012 12:13am
tis a GOOD one yr 50% point D RSI.. must be looked at... every time.. Notice.. GOLD.. MTH week day all above this point.. looks hier ground to me
  • #5,765
  • Nov 23, 2012 12:42am Nov 23, 2012 12:42am
Quoting danc
tis a GOOD one yr 50% point D RSI.. must be looked at... every time.. Notice.. GOLD.. MTH week day all above this point.. looks hier ground to me
Just got.. Aussie 16 and ADJY15 using it and other.. a definate add to kit tricks..all jy crosses curent above 50% on hr except ud.. bldy buty.. got enough bucks fo nit all ready..
  • #5,766
  • Nov 23, 2012 4:08am Nov 23, 2012 4:08am
Quoting danc
Just got.. Aussie 16 and ADJY15 using it and other.. a definate add to kit tricks..all jy crosses curent above 50% on hr except ud.. bldy buty.. got enough bucks fo nit all ready..
Yep D rsi above/below 50 level definitely helps identify solid trend which we have been focused on for some time now that Mrs V pressing the buttons. As much as she wants to trade trend at times she can't help herself, got a call for a sell this am and I said no not system, but she is getting there. Said to her it doesn't matter if there is big clean fall (thankfully there wasn't much follow through) if its not system there's no trade. Its almost impossible to argue with her % this month which is on track for her best yet, and she missed about 4 days with health issues. 2 of those were big moves and 100% in line with 15 min trend focus.

The clean ej move up happened a little early and Mrs V has now taken the chance to rest her back up (freaky Fri and all) so there might be no trades for us today. We'll see if we get a chance in US session. In the grand scheme of things not a problem.
  • #5,767
  • Nov 23, 2012 9:34am Nov 23, 2012 9:34am
Quoting Vantage

EJ - D pos close, RSI flat. 4hr RSI crossed below its ma. 1hr lower highs showing but we seem to have a base around 105.90. Bias up.

Generally we do best Mon - Thurs, we'll see if freaky Fri rears its ugly head today.
Vol coming back, 4hr higher low higher high still on with pos close hammer. 15 min solid engulfing close (in terms of our definition close above prev 2 candle closes) little no upper wick on set up candle, higher low into trend.

Its debatable that this entry was late but with such a poor range so far today happy to take. Close week off with +27, exited as soon as move up stalled and rolled over. With some neck/back health issues today keeping computer time limited just happy to have snagged this one.

As long as ej keeps signalling and other TF's not screaming sell happy to keep buying. Some kind of retracement must surely come???
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4.gif Size: 18 KB
Click to Enlarge Name: 5.gif Size: 19 KB
  • #5,768
  • Nov 26, 2012 10:29am Nov 26, 2012 10:29am
Quoting Vantage
Vol coming back, 4hr higher low higher high still on with pos close hammer. 15 min solid engulfing close (in terms of our definition close above prev 2 candle closes) little no upper wick on set up candle, higher low into trend.

Its debatable that this entry was late but with such a poor range so far today happy to take. Close week off with +27, exited as soon as move up stalled and rolled over. With some neck/back health issues today keeping computer time limited just happy to have snagged this one.

As long as ej keeps signalling and other...
Posted on Another simple system thread TF 15 min () posting here to keep HL/LH ticking over.

With the largely sideways junk today just 1 trade for us, +16 pips. The 20 Pips bank Hall of Fame emailed Mrs V asking if we want to renew her membership. She politely declined, bigger TP's will return as soon as normal service resumes. http://1.1.1.2/bmi/www.forexfactory...._the_floor.gif

Genuine 15 min HL near the bottom of range, engulfing close through ma, little/no upper wick on set up candle. Happy to exit when pa reached 106.70 area and showed signs of failing as it had done twice already this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: 11.gif Size: 18 KB
  • #5,769
  • Nov 26, 2012 10:59pm Nov 26, 2012 10:59pm
Still no real reaction on EUR to the Feb-Apr support/resistance level. Bias up but will be looking to see the reaction in London session.
  • #5,770
  • Nov 27, 2012 2:15am Nov 27, 2012 2:15am
Euro i feel it will go up a little hier.. and fail around 3030..here is a picture of 4 hr USDX.. i feel it will go a little lower and bounce hard.around 7985.. white lines are a a cluster of pivots from 7995 to 7970.. 90 and 85 are the strongest.. i feel it must go down there before it can bounce.. Just my thoughts of course..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdx.gif Size: 27 KB
Click to Enlarge Name: eurusd.jpg Size: 152 KB
  • #5,771
  • Nov 28, 2012 7:14am Nov 28, 2012 7:14am
3/4 off at x2 risk, looking to run the rest into the close. after 2 shooting stars on the hourly i found it hard to say no to this one.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp2811 ff.jpg Size: 96 KB
  • #5,772
  • Nov 28, 2012 10:08pm Nov 28, 2012 10:08pm
Quoting scurvy dog
3/4 off at x2 risk, looking to run the rest into the close. after 2 shooting stars on the hourly i found it hard to say no to this one.
Nice one.
  • #5,773
  • Nov 28, 2012 10:14pm Nov 28, 2012 10:14pm
Quoting danc
Euro i feel it will go up a little hier.. and fail around 3030..here is a picture of 4 hr USDX.. i feel it will go a little lower and bounce hard.around 7985.. white lines are a a cluster of pivots from 7995 to 7970.. 90 and 85 are the strongest.. i feel it must go down there before it can bounce.. Just my thoughts of course..
We haven't had a proper sell signal on EUR D, no cross below ma, no RSI cross. Its big decision time. D hammer suggests up, and only TWT if a push up fails near the R level. That would set up a 4-7 day topping pattern for a strong move down.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB
  • #5,774
  • Nov 29, 2012 8:04am Nov 29, 2012 8:04am
Quoting Vantage
We haven't had a proper sell signal on EUR D, no cross below ma, no RSI cross. Its big decision time. D hammer suggests up, and only TWT if a push up fails near the R level. That would set up a 4-7 day topping pattern for a strong move down.
How do you manage your trade once it's started? When do you move your stop to break even etc?

Also what does TWT mean?

  • #5,775
  • Edited 10:02pm Nov 29, 2012 9:06pm | Edited 10:02pm
Quoting zola
How do you manage your trade once it's started? When do you move your stop to break even etc?

Also what does TWT mean?

Will vary between trend and counter trend, CT you need to protect yourself much quicker. Trend, if we have a decent move in our direction with a closed candle, get back to BE and then move in our direction again to around +20 (with 15 min, +10 or so with 5 min) or so will move to BE. So if selling its allowing for another lower high after entry coming back to BE. If buying allowing a higher low back to BE.

TWT time will tell.
  • #5,776
  • Nov 29, 2012 9:55pm Nov 29, 2012 9:55pm
Recap 29 Nov Method expanded multi time frame analysis 2

These were my blog comments from 29 Nov.

EUR - Y closed a strong hammer so we should move up today. 4hr has signaled higher. Only time will tell if a move up will be the last try from the bulls and if we are getting close to a 4-7 day topping out process. Should we get to 1.30 potential for an 85/15 trade.

Please see blog under popular posts Method expanded multi time frame analysis.

We look to follow the daily candles as much as possible. Trying to keep things as simple as possible we:

1) try and identify support and resistance levels
2) look for positive/negative closes to follow through the next day (as we believe this will hold true approx 70% of the time)
3) watch for divergence
4) Look for D chart higher lows/lower highs, double tops/bottoms, engulfing candles, hammers/shooting stars, morning/evening star patterns
5) rsi crossing its moving average or crossing the 50 line

If we are confident that a confluence of the above exists then the next day we will look to trade in 1 direction only. This keeps us out of some head fake moves typically around London open and the US open (weak counter trend 1hr candles in and around US open just as big a fake move as LO).

Now if we apply the above simple concepts to 29 Nov's EUR set up.

1) Resistance level identified, the Feb/Apr lows in and around 1.30.
2) 28 Nov EUR closed a hammer, lower wick suggests failure to go lower. Previous analysis to that suggested D had not yet even closed with a sell signal. RSI had never crossed lower and price had not closed below our 8 lwma. This put together suggests higher on 29th.
3) Not applicable.
4) D higher low hammer.
5) RSI still above its ma and 50 level.

So now we have 2 major pieces of information. First we are looking to buy from 15 min, 2b or higher low/double bottom hopefully with engulfing close (close above 2 previous closes) at the extreme of price range (not the 3rd or 4th higher low in move), on 29th around 1.2950. Second bit of information, we are confident that 1.30 is a key target (so 85/15 has potential).

Some very basic D analysis can increase your odds.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
Click to Enlarge Name: 2.gif Size: 16 KB
  • #5,777
  • Dec 2, 2012 11:29pm Dec 2, 2012 11:29pm
Hi Vantage,

Really like how you approach the market and that you are still willing to share your wealth of experience
even though you've obviously been doing this for awhile.

When you get the chance, can I ask you to share some of your knowledge on
how you in particular see divergence as it applies to your method.

If you have already covered this, as I'm sure you have, please just let me know round about what post number it was
and I'll do some reading.

Thanks in advance.
Healthy, Wealthy & Steady!!
  • #5,778
  • Dec 6, 2012 2:27am Dec 6, 2012 2:27am
I have taken long position in EURUSD BASED ON 1 HR CHART .. SEE PICTURES OF BOTH euud AND usdx.. NOTE usdx IS TRADING ABOVE LAST 2 ..3 dayppxpoints.. while EUUD is trading below llast 2 ..3 day ppxs..position is 3050.. short with stop 3060
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euud.jpg Size: 157 KB
Click to Enlarge Name: usdx.gif Size: 19 KB
  • #5,779
  • Dec 6, 2012 2:35am Dec 6, 2012 2:35am
Quoting danc
I have taken long position in EURUSD BASED ON 1 HR CHART .. SEE PICTURES OF BOTH euud AND usdx.. NOTE usdx IS TRADING ABOVE LAST 2 ..3 dayppxpoints.. while EUUD is trading below llast 2 ..3 day ppxs..position is 3050.. short with stop 3060
stopped out..
  • #5,780
  • Dec 6, 2012 2:50am Dec 6, 2012 2:50am
Quoting danc
stopped out..
Hi danc

Its int rate day UK and EUR, along with NFP and the UK interest rate minutes release are the days I hate to trade.
2 traders viewing now