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Higher low, lower high system

  • #6,101
  • Mar 3, 2013 5:32am Mar 3, 2013 5:32am
Hello Vantage,
I am a newbie. I'm trying to learn trading methods and understand things about Price Action. Your thread seemed interesting and helpful to me after reading some comments and I started to read. After a while I couldn't cope up with the discussion as it seemed to me complex i.e. the words and way of description are too heavy for a newbie like me. And it is also quite hard to cover a 400+ pages thread.
So, I wanted to know that is there any post by you describing the principles of this strategy and it's working conditions like what indicators, time frame etc have to use and for what situation what decisions have to be made in simple words with examples?
If yes, then it'll be great if you could provide the link. And if there is no such post then would you like to write a summary of what you have done in simpler word thus I and many other newbies can continue exact from here?
Regards,
Arav
  • #6,102
  • Mar 3, 2013 6:07am Mar 3, 2013 6:07am
Quoting Islander
I have this page set up for 5m, 15m & 60m charts to give me a quick overview. I can then maximize or minimize individual charts as required
Please, can you tell me what indicator is this? (seems like 2 MA and the zone between them is red or green, when the price is up it is green and when the price move down is red)
Do you use this indicator only in 5 min or in another TF too?
  • #6,103
  • Mar 3, 2013 10:11pm Mar 3, 2013 10:11pm
Hi all

I found something informative about TVI indy

TVI, or the Trade Volume Index, uses price and volume to demonstrate if a security is being sold or purchased; this is why it resembles the On Balance Volume indicator. The OBV method (On Balance Volume) functions effectively with daily prices but does not function as well with intraday tick prices. The TVI takes into consideration intraday tick data while the OBV takes into consideration the end of day data, which is the distinction between them.
The TVI is able to identify if a security is being distributed or accumulated. It shows that trades are taking place at the bid price as sellers distribute the security if the TVI is moving down. Trades are taking place at the asking price as buyers accumulate the security if the TVI is moving up. The prices start to move to the upwards if prices are flat and the TVI is rising. The prices decrease if prices are flat and the TVI is falling.
Tick prices, especially stock prices, often demonstrate trades at the ask or bid price for extended periods without changing which makes a resistance level or flat support in the chart. During these periods of unchanging prices, the TVI goes on accumulating this volume on the purchase or sell side, which all depends on the last price change.
The Trade Volume Index is measured by adding each trade's volume to a joint total when the price shifts up by a specified amount (which is known as the "Minimum Tick Value") and subtracting the trade's volume when the price shifts down by a specified amount.
Change = Price - Last Price
MTV = Minimum Tick Value
Accumulation when Change > MTV or Distribution when Change < MTV
With direction determined, calculate the TVI:
Accumulation: TVI = TVI + Today's Volume
Distribution: TVI = TVI - Today's Volume


frank
  • #6,104
  • Mar 3, 2013 10:26pm Mar 3, 2013 10:26pm
Quoting frank.david
Hi all

I found something informative about TVI indy

TVI, or the Trade Volume Index, uses price and volume to demonstrate if a security is being sold or purchased; this is why it resembles the On Balance Volume indicator. The OBV method (On Balance Volume) functions effectively with daily prices but does not function as well with intraday tick prices. The TVI takes into consideration intraday tick data while the OBV takes into consideration the end of day data, which is the distinction between...
That would take an increadible calculation.. wouldnt it?? and would it be accurate?? there is such an increadible volume varience on all these diffrent plat forms..AND then there is the volume we dont even see.. ?? not that i really know.. i am just asking the question??just seems to me very iffy and butty.. just my opnion of course..
  • #6,105
  • Mar 3, 2013 10:27pm Mar 3, 2013 10:27pm
4 Mar

EUR - The attempt below the Feb-Apr '12, Jan '13 lows failed for now. D closed a hammer, still below the 8lwma and below RSI 50 level, divergence showing. 4hr showing divergence, still on lower high lower low but a positive close here would flip that to a higher low. 1hr can go either way. It remains to be seen whether the bounce around London close was due to the US sequester discussions or start of a move up. We are at a key support level so can move up from there, until this is confirmed by price action bias down.

GU - D negative lower high 3 bar reversal close, showing signs of divergence. 4hr flow still lower high lower low. Bias down.

EJ - D positive close, higher low 3 bar reversal. 4hr flow higher high higher low. We have a base today at the D pivot 121.50 and if that holds bias up. failure to hold would give a 1hr lower high and flip short term bias down.
  • #6,106
  • Mar 3, 2013 10:40pm Mar 3, 2013 10:40pm
I have taken long possie this one.. stop below 2 white hoz lines.. its sorta hi er lows..picture 4 hrs ...if it shows bit of price action above top yellow line will add to..just my opn of course..
Attached Image (click to enlarge)
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  • #6,107
  • Mar 3, 2013 10:46pm Mar 3, 2013 10:46pm
Quoting Arav007
Hello Vantage,
I am a newbie. I'm trying to learn trading methods and understand things about Price Action. Your thread seemed interesting and helpful to me after reading some comments and I started to read. After a while I couldn't cope up with the discussion as it seemed to me complex i.e. the words and way of description are too heavy for a newbie like me. And it is also quite hard to cover a 400+ pages thread.
So, I wanted to know that is there any post by you describing the principles of this...
Hi Arav

Welcome here, good luck with your journey. The first page has been updated with the method, basically we are trying to assess the flow and likely direction of the day from a basic analysis of the D, 4hr, 1hr candles with entry from 15 min. We would go counter trend (CT) only when the CT rules are in place. The 1st post has the indi's used and a template. For 15 min just change 50 ema to 200 ema and add the round numbers indi for 00 and 50 levels.

Have a good read of the 1st post, then read it again and again and again. At the bottom look at the links and read those items several times. For example if you do a blog search for lower high and higher low following divergence or avoid weak pre/early US candles you'll probably get 6-12 hits. Read each post. The language used should be pretty consistent. Do that for all the links multi time frame analysis etc etc.

I won't presume to know which bits you don't understand and certainly won't try and re-write 400 pages of posts on that assumption. You are about to start a 'business' that is lots of hard work plain and simple, it will take time and a great deal of effort on your part. There is very little general 'discussion' on this thread so a very high % of posts are directly trading related, might be worth the effort to read.

If you have any specific questions about anything that is not clear to you I'll do my best to answer and help.
  • #6,108
  • Mar 3, 2013 10:54pm Mar 3, 2013 10:54pm
Quoting danc
That would take an increadible calculation.. wouldnt it?? and would it be accurate?? there is such an increadible volume varience on all these diffrent plat forms..AND then there is the volume we dont even see.. ?? not that i really know.. i am just asking the question??just seems to me very iffy and butty.. just my opnion of course..
Hi danc

For some reason the vol on certain platforms as a snap shot of the market is remarkably good. The vsa threads had their fave sources of data and I found fxpro very close to them. If a person like Islander has found a very simple use, high vol spike at the end of a run, as a warning of a possible turn then putting doubts aside its definitely worth checking out.
  • #6,109
  • Mar 4, 2013 12:19am Mar 4, 2013 12:19am
Quoting danc
That would take an increadible calculation.. wouldnt it?? and would it be accurate?? there is such an increadible volume varience on all these diffrent plat forms..AND then there is the volume we dont even see.. ?? not that i really know.. i am just asking the question??just seems to me very iffy and butty.. just my opnion of course..
Absolutely incredible which is done by TVI indy.yes volume variation on all different platform so indication comes on indy according to volume on that platform.here is indy

frank
Attached File(s)
File Type: mq4 TVI_v2.mq4   9 KB | 267 downloads
  • #6,110
  • Mar 4, 2013 12:29am Mar 4, 2013 12:29am
Quoting Vantage

If you have any specific questions about anything that is not clear to you I'll do my best to answer and help.
Thanks a lot that you have taken the time to answer my post generously. Actually it seemed to me a bit tougher to understand some terms and also the difference between the approach of English of our regions made it like that.
But yes, I'll go through the first post and other links given there and try my best to get the concept.
Regards
  • #6,111
  • Mar 4, 2013 2:55am Mar 4, 2013 2:55am
Quoting frank.david
Absolutely incredible which is done by TVI indy.yes volume variation on all different platform so indication comes on indy according to volume on that platform.here is indy

frank
As I've mentioned before - I think both here and in my own thread - there is little difference in TVI from broker to broker. However, as FXCM has larger tick volumes than the others that I've used and it runs on GMT - that's what I use.

BTW, you can also drag the On Balance Volume indy onto Sonic's Vol to see what that's showing you
Trading Levels with WRBs
  • #6,112
  • Mar 4, 2013 5:22am Mar 4, 2013 5:22am
Quoting Vantage
Hi danc

For some reason the vol on certain platforms as a snap shot of the market is remarkably good. The vsa threads had their fave sources of data and I found fxpro very close to them. If a person like Islander has found a very simple use, high vol spike at the end of a run, as a warning of a possible turn then putting doubts aside its definitely worth checking out.
Thanks..V
  • #6,113
  • Mar 5, 2013 9:58am Mar 5, 2013 9:58am
Don't ask me why Mrs V didn't take the GU buy this morning?? She had it set up and then didn't press. It was a straight forward buy I think. Short term bias was up per assessment this morning. 1hr shooting star confirming the move failed down (Asian range break). That automatically increasing the likelihood of a buy succeeding, i.e. back into bias.

After an EJ BE trade grabbed 17 pips and disappeared off to make dinner. GU 1hr lh shooting star then a neg close. 15 min lower high.
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  • #6,114
  • Mar 5, 2013 10:16am Mar 5, 2013 10:16am
Quoting Vantage
Don't ask me why Mrs V didn't take the GU buy this morning?? She had it set up and then didn't press. It was a straight forward buy I think. Short term bias was up per assessment this morning. 1hr shooting star confirming the move failed down (Asian range break). That automatically increasing the likelihood of a buy succeeding, i.e. back into bias.

After an EJ BE trade grabbed 17 pips and disappeared off to make dinner. GU 1hr lh shooting star then a neg close. 15 min lower high.
Hi V, just wondering if you meant this one? I didn't take it but that news spike down to the W_M3 might have got me! Really enjoying the thread atm with the 15min trades btw
Attached Image (click to enlarge)
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Follow, don't anticipate.
  • #6,115
  • Mar 5, 2013 12:57pm Mar 5, 2013 12:57pm
Quoting Ian
Hi V, just wondering if you meant this one? I didn't take it but that news spike down to the W_M3 might have got me! Really enjoying the thread atm with the 15min trades btw
Hi Ian

Glad to hear you're enjoying the thread. I must say I have really enjoyed keeping it ticking along!!

There was a clear base above the Y's high/todays open combo around 1.5115. When the break lower out of that range failed the chances are much better that it will go the other way. Sure it could give a lower high and fall but how likely is it after that 1hr hammer? That seemed to be a LO head fake lower and would have been looking for entry about 1.5123 into the (admittedly short term) bias up.

A great 2b trade.

The other simple golden rule is getting into a move as close to the extreme of pa that your trade rules allow.
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  • #6,116
  • Mar 5, 2013 4:50pm Mar 5, 2013 4:50pm
Quoting Vantage
Hi Ian

Glad to hear you're enjoying the thread. I must say I have really enjoyed keeping it ticking along!!

There was a clear base above the Y's high/todays open combo around 1.5115. When the break lower out of that range failed the chances are much better that it will go the other way. Sure it could give a lower high and fall but how likely is it after that 1hr hammer? That seemed to be a LO head fake lower and would have been looking for entry about 1.5123 into the (admittedly short term) bias up.

A great 2b trade.

The other simple...
Yes, very nice. That level also was a well-defined s/r last week.
Attached Image (click to enlarge)
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Follow, don't anticipate.
  • #6,117
  • Mar 5, 2013 10:34pm Mar 5, 2013 10:34pm
EUR GU EJ 6 Mar

EUR - D closed positive in line with the short term bias up, still on lower high lower low cycle. No bias can go either way today.

GU - D closed a shooting star, lower high lower low cycle in tact. Bias down.

EJ - The tight sideways price action continues, no bias.

Very difficult trading conditions at the moment and it looks like entering as close as possible to the extremes of ranges will be more important than ever.
  • #6,118
  • Mar 5, 2013 10:47pm Mar 5, 2013 10:47pm
Quoting Ian
Yes, very nice. That level also was a well-defined s/r last week.
Yes Mrs V said she wanted to sell that GU high after the 15 min didn't follow through at W R1 about 1.5176 but thought she was straying too far from system. Thats fair enough can't complain about that. Your chart and identified high does highlight that support and resistance levels are key (always will be).

Anyway after a record month last month Mrs V has gone the other way from reckless, she is over cautious. Missed a good buy in the morning and then exited too early in the afternoon trade. It all comes down to carry on doing what you're been doing and the system trades (and results) will come.

Of course my job is to gently remind her of that and nudge her in the right direction.
  • #6,119
  • Mar 5, 2013 10:57pm Mar 5, 2013 10:57pm
Quoting Vantage
EUR GU EJ 6 Mar

EUR - D closed positive in line with the short term bias up, still on lower high lower low cycle. No bias can go either way today.

GU - D closed a shooting star, lower high lower low cycle in tact. Bias down.

EJ - The tight sideways price action continues, no bias.

Very difficult trading conditions at the moment and it looks like entering as close as possible to the extremes of ranges will be more important than ever.
Well, I have one. It is ranging, accumulating energy for breakout. This will push at least one major currency pair like 50 pip, if until that no major movement.
I want to buy PATIENCE
  • #6,120
  • Mar 5, 2013 11:02pm Mar 5, 2013 11:02pm
Quoting matheszabi
Well, I have one. It is ranging, accumulating energy for breakout. This will push at least one major currency pair like 50 pip, if until that no major movement.
Yes it might well do that. Hopefully the candles will be clean (as opposed to spikey all over the place no idea where this can go rubbish) allowing an entry.
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