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Higher low, lower high system

  • #5,781
  • Dec 6, 2012 2:55am Dec 6, 2012 2:55am
Quoting SunnyFx2002
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.
Sorry for late reply, never got email showing a post.

Going CT prefer to see higher TF divergence (D or 4hr) at key levels with price action showing over several hours that it clearly does not want to follow through.

When looking at retracement in trend happy to look at lower TF divergence (1hr and 15 min) to get back into trend. This would apply to 2b trades specifically. If you miss the 2b then you'd be looking for entry on the HL/LH that follows the divergence (and the 2b).
  • #5,782
  • Dec 7, 2012 3:57am Dec 7, 2012 3:57am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD Daily DEC 7.png Size: 35 KB


Hi Vantage,

Would love to get your feedback on this possible divergence on GBP USD daily.

RSI still above 50 but below MA.

I won't be trading today but interesting to watch what happens next week.

Regards
Healthy, Wealthy & Steady!!
  • #5,783
  • Dec 11, 2012 10:24pm Dec 11, 2012 10:24pm
Quoting SunnyFx2002
Attachment

Hi Vantage,

Would love to get your feedback on this possible divergence on GBP USD daily.

RSI still above 50 but below MA.

I won't be trading today but interesting to watch what happens next week.

Regards
It is hidden divergence and did play out, price 100 or so pips. Of course its potentially still can apply with 2 pos close D candles.
  • #5,784
  • Dec 12, 2012 3:25am Dec 12, 2012 3:25am
Hi Vantage

could you possible give me your opinion on this trade I just took in cable.
Engulfing 15min 2b at the wr1. I have to admit that early morning is probable my weakest time of the day. I find the pre US fake outs a lot easier.
I am starting to think that in Frankies hr I should only take a 2b’s that have poked out with more volatility than the one I just took,

Cheers

SD
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  • #5,785
  • Dec 12, 2012 5:23am Dec 12, 2012 5:23am
Quoting scurvy dog
Hi Vantage

could you possible give me your opinion on this trade I just took in cable.
Engulfing 15min 2b at the wr1. I have to admit that early morning is probable my weakest time of the day. I find the pre US fake outs a lot easier.
I am starting to think that in Frankies hr I should only take a 2b’s that have poked out with more volatility than the one I just took,

Cheers

SD
Its a difficult one. I don't know if it was luck on our part, Mrs V and I discussed the same trade but decided to leave until LO. Sideways pa just a few pips range right under the days open. We liked the later 15 min hl above RN to get into days bias up. If it had raced up earlier we'd have been crying.

I'll put that down to luck on our part to have avoided that losing trade.
  • #5,786
  • Dec 12, 2012 6:59am Dec 12, 2012 6:59am
Quoting Vantage
Its a difficult one. I don't know if it was luck on our part, Mrs V and I discussed the same trade but decided to leave until LO. Sideways pa just a few pips range right under the days open. We liked the later 15 min hl above RN to get into days bias up. If it had raced up earlier we'd have been crying.

I'll put that down to luck on our part to have avoided that losing trade.

Thanks V, well done for getting the right one
  • #5,787
  • Dec 12, 2012 11:28am Dec 12, 2012 11:28am
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Hmmmm....
A thread that's been open since 2008 and still going strong
I take it Mr.Vantage you are one of the master traders up here
sharing your generosity with the ones willing to listen I just
wonder how many times has this system been revised/tweaked etc..
for the many market conditions that aroused since 2008 I'm signed
in nevertheless and can't wait to go over the material please just
give me a head start on the up to date current system rules
are their specific pages of this thread that I should start with or
should I just go from page 1 on thanks for the update cheers and happy trading
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #5,788
  • Dec 13, 2012 6:49am Dec 13, 2012 6:49am
Quoting Owl
please just
give me a head start on the up to date current system rules
are their specific pages of this thread that I should start with or
should I just go from page 1 on thanks for the update cheers and happy trading
The current rules are on the very first post on page 1 (Last Edited Nov 11, 2012).

  • #5,789
  • Dec 13, 2012 8:11am Dec 13, 2012 8:11am
Quoting Owl
Hmmmm....
A thread that's been open since 2008 and still going strong
I take it Mr.Vantage you are one of the master traders up here
sharing your generosity with the ones willing to listen I just
wonder how many times has this system been revised/tweaked etc..
for the many market conditions that aroused since 2008 I'm signed
in nevertheless and can't wait to go over the material please just
give me a head start on the up to date current system rules
are their specific pages of this thread that I should start with or
should I just go from page...
I don't know about the master trader bit, lets stick with trader.

As owl has said the 1st page covers it. The biggest change was the switch to 15 min charts for entry rather than 5 min. But the concept of taking those trades as 2b's or dble bottoms/higher lows or dble tops/lower highs still applies.
  • #5,790
  • Dec 13, 2012 8:20am Dec 13, 2012 8:20am
Might as well chuck up a trade. 1hr shows 2 big lower wicks rejecting a move below W R2. 15 min shows the entry dble bottom, divergence back into trend, hammer with little/no upper wick. We exited 70% at W M5 for +31 (see arrows on last chart showing the trade). Stop is at BE on the balance and we'll see if we make it back up to 109.50 area.
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  • #5,791
  • Dec 13, 2012 10:31pm Dec 13, 2012 10:31pm
Quoting Vantage
Might as well chuck up a trade. 1hr shows 2 big lower wicks rejecting a move below W R2. 15 min shows the entry dble bottom, divergence back into trend, hammer with little/no upper wick. We exited 70% at W M5 for +31 (see arrows on last chart showing the trade). Stop is at BE on the balance and we'll see if we make it back up to 109.50 area.
Exited bal of trade +60 chart posted here http://www.forexfactory.com/showthre...15#post6291115
  • #5,792
  • Edited 6:30am Dec 14, 2012 6:26am | Edited 6:30am
Hi Vantage,

Thank you for posting these trades, it is really helpful these happening in real time.
I am trying to understand why you took it, have you entered on the break of the hammer and put the initial SL a few pips behind the double bottom?
I can't find the divergence you are talking about, the only divergence i can find is an inverse one that i marked on my chart. Is that the one you mean?

http://www.forexfactory.com/attachme...1&d=1355488203

Thanks in advance, i really appreciate the effort you are putting in this thread, without guys like you our journey's would last a lot longer.
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  • #5,793
  • Dec 14, 2012 8:00am Dec 14, 2012 8:00am
Quoting Sitting duck
Hi Vantage,

Thank you for posting these trades, it is really helpful these happening in real time.
I am trying to understand why you took it, have you entered on the break of the hammer and put the initial SL a few pips behind the double bottom?
I can't find the divergence you are talking about, the only divergence i can find is an inverse one that i marked on my chart. Is that the one you mean?

http://www.forexfactory.com/attachme...1&d=1355488203

Thanks in advance, i really appreciate the effort you...
Took the trade for these reasons as mentioned in the post, "1hr shows 2 big lower wicks rejecting a move below W R2. 15 min shows the entry dble bottom, divergence back into trend, hammer with little/no upper wick. We exited 70% at W M5 for +31 (see arrows on last chart showing the trade). Stop is at BE on the balance and we'll see if we make it back up to 109.50 area."

The attached chart shows the divergence. If I'm going CT I'd like to see higher TF divergence as one of the reasons to rsik CT. If back into trend then 15 min divergence fine. Entry was as price broke above the hammer, arrow up.

cheers.
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  • #5,794
  • Dec 14, 2012 1:35pm Dec 14, 2012 1:35pm
Thank you for the clarification, i didn't know that that was also a valid divergence. Maybe i don't have to take everything to strict and read more between the lines.

cheers, Nik
  • #5,795
  • Dec 15, 2012 1:35am Dec 15, 2012 1:35am
Quoting Sitting duck
Thank you for the clarification, i didn't know that that was also a valid divergence. Maybe i don't have to take everything to strict and read more between the lines.

cheers, Nik
Support and resistance, flow of the market and trend are for me the key issues. Please have a look at these threads to assist:

http://www.forexfactory.com/showthread.php?t=345838 Buy sell line trading
http://www.forexfactory.com/showthread.php?t=345586 Another simple system
http://www.forexfactory.com/showthread.php?t=327972 X Mans Super Simple System
and last but not least
http://www.forexfactory.com/showthread.php?t=216247 Weekly COT analysis and trade ideas

Pick your description of trend, could be as easy as buy above/sell below a certain ma. Be aware of the limitations of a ma. One of which is you could be above a 1hr ma but D/4hr candles or 1hr short term flow suggesting there could be issues that could be solved by waiting for flow to resume in the desired direction. Another limitation of a ma is that price could dip below a 1hr ma but higher TF's have not yet properly signaled sell. Yesterday was a classic example on GU, 1hr dipped below 50 ema but D had not properly signaled sell.

Having said all that as a general rule buy above, sell below 1hr ma is great to follow. The ideas here are then the timing of entry, currently from 15 min (as Mrs V favours this). I would suggest 2b's and HL dble bottoms/LH dble tops. Thats for trend.

Counter trend if you wish to dip your toe into, needs additional info such as proven support/resistance level, higher TF divergence, W pivots, pa proving for some time that it does not want to go further.

Cheers.
  • #5,796
  • Dec 17, 2012 5:05am Dec 17, 2012 5:05am
Thanks for the links vantage, lately i have been trying to identified the trend by looking at higher highs and higher lows. But often it confuses me ,to keep it simple for now i will apply the rule you gave me. Only buy above 200 ema and only sell below.

I will post my demo trades as i see them, please correct me if i am wrong.

I went long on EU: Price is above 200 ema , price got rejected by Daily s1 made a higher high and higher low followed by a candle with HL. I entered on the brake of the HL candle. SL below S1 TP on R1 wich is also close to yesterday's high.

http://www.forexfactory.com/attachme...1&d=1355742344
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  • #5,797
  • Dec 17, 2012 5:34am Dec 17, 2012 5:34am
I am watching EJ for the moment: Price is above 200 ema , price already touched daily 2s which acts also as resistance turned into support.
My local mind tells me that i have to wait for a double bottom or a HL candle or engulfing but my emotions tell to buy because i will miss the move.
Most of the time i enter too early so i guess i have to train my patience.

If you add the 2 candle's that touch the daily s2 together it would be a very nice pinbar.

http://www.forexfactory.com/attachme...1&d=1355744050
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  • #5,798
  • Dec 17, 2012 6:23am Dec 17, 2012 6:23am
Quoting Sitting duck
I am watching EJ for the moment: Price is above 200 ema , price already touched daily 2s which acts also as resistance turned into support.
My local mind tells me that i have to wait for a double bottom or a HL candle or engulfing but my emotions tell to buy because i will miss the move.
Most of the time i enter too early so i guess i have to train my patience.

If you add the 2 candle's that touch the daily s2 together it would be a very nice pinbar.
As previously thought ej fell and closed the gap. So we might move up from here to resume the trend.

EUR rejected twice at the days open M3 1.3166. No volume either way I suppose. If you are going to be buying this range perhaps one of those days where you need to get in as close as possible to the lows in the hope of a breakout or wait for breakout above 3166 to happen and confirm trend.

Either way we're on holiday.

All the best.

At this time of year with lower vol's anything can happen so don't worry if things don't go exactly as planned.
  • #5,799
  • Dec 17, 2012 7:23am Dec 17, 2012 7:23am
Thanks for your insights, i closed the EUR position on BE+1 because i see direction. It made a new higher high but it doesn't look convincing.
The EJ is going up now but unfortunately i missed it.

Enjoy your holiday!!
  • #5,800
  • Dec 18, 2012 12:34am Dec 18, 2012 12:34am
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting zola
The current rules are on the very first post on page 1 (Last Edited Nov 11, 2012).

Thanks zola I will read up to catch up soon
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
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