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Higher low, lower high system

  • #6,141
  • Mar 8, 2013 3:27am Mar 8, 2013 3:27am
Quoting Vantage
Mrs V out of action this morning but if she had been in front of the computer I am sure she would have been totally fixated on EJ. A thing of beauty when she is running, EJ I mean.
Previously we treated EJ the same as EUR and GU when it came to stops and moves to BE. Now we give her a little more room on stops and only move to BE much later as a general rule when in trend (banging CT against a proven SR level a different issue).

Having made that small tweak results with EJ have been much better.
  • #6,142
  • Mar 8, 2013 3:29am Mar 8, 2013 3:29am
Post 5500, better make it a good one. Darn blew it!!
  • #6,143
  • Mar 8, 2013 3:33am Mar 8, 2013 3:33am
Taken my medcine am out minus 12
  • #6,144
  • Edited 3:39am Mar 8, 2013 3:38am | Edited 3:39am
Quoting danc
Taken my medcine am out minus 12
It could have gone of course and your payoff would have been big on a 12 pip loss.

Still whilst pa can obviously change from the early time I post my days view, I would not have been happy to see that kind of D candle and 6 day pattern not have some follow through higher.

Forgot the main reason for post. If we had EUR up bias and EJ up bias we would have left a possible EUR CT to focus on EJ which is going in direction of bias.
  • #6,145
  • Mar 8, 2013 5:13am Mar 8, 2013 5:13am
Quoting Vantage
It could have gone of course and your payoff would have been big on a 12 pip loss.

Still whilst pa can obviously change from the early time I post my days view, I would not have been happy to see that kind of D candle and 6 day pattern not have some follow through higher.

Forgot the main reason for post. If we had EUR up bias and EJ up bias we would have left a possible EUR CT to focus on EJ which is going in direction of bias.
Yeah u rite... I do think the EU is going hier.. but thought UDX would go hier first.. and of course still can.. good week for me.. think an early nite.. i usualy stuff up friday s any how.. u think i would learn.. got some good points out of NZJy..and other
  • #6,146
  • Mar 8, 2013 7:18am Mar 8, 2013 7:18am
Quoting Vantage
Post 5500, better make it a good one. Darn blew it!!
LOL, never mind V., there's always the edit button and, anyway, the other 5499 were all fabulous !
Follow, don't anticipate.
  • #6,147
  • Mar 10, 2013 8:17pm Mar 10, 2013 8:17pm
Hi Vantage,
Trying to download the Reversal_3bars(2).mq4 indicator but it says I don't have privileges to use it. Is it copyrighted by any chance?
Big fan of your trading method, btw.
Best,
Rav_For
Enter Signature
  • #6,148
  • Mar 10, 2013 11:10pm Mar 10, 2013 11:10pm
Quoting Rav_For
Hi Vantage,
Trying to download the Reversal_3bars(2).mq4 indicator but it says I don't have privileges to use it. Is it copyrighted by any chance?
Big fan of your trading method, btw.
Best,
Rav_For
No not copyrighted, no idea why that should be. Try download from the paper clip top right of page and not the 1st post, see if that works.
  • #6,149
  • Mar 10, 2013 11:35pm Mar 10, 2013 11:35pm
EUR GU EJ 11 Mar

EUR - Last week closed a long legged doji with the support level that goes back to Feb/Mar/Apr '12, Jan '13 being respected. D closed negative after the better than expected NFP numbers. Bias down but can bounce up from the lows of last week.

GU - Making new lows after the NFP numbers. D showing divergence. 4hr on lower high lower low flow also showing divergence. Bias down but there can be a reaction higher on the divergence that has been showing for about 2 weeks now.

EJ - D closed a shooting star as a reaction to the NFP numbers. Possibly a reaction to the 18/20 Feb highs. If 4hr closes negative its on a lower high and short term bias would then be down. Other than that bias remains up.
  • #6,150
  • Mar 11, 2013 1:24am Mar 11, 2013 1:24am
Thanks, sir. Tried that. Crashed my MT4 platform. Trying to troubleshoot. Don't mean to clutter your thread with my technical woes but am still a junior here and not allowed PM privileges.
Enter Signature
  • #6,151
  • Mar 11, 2013 7:12am Mar 11, 2013 7:12am
Mrs V won't be trading today (health issues), pity as this is a perfect set up. Bias down, 1hr doesn't want to have a CT move up. 1hr 3 bar reversal, 15 min lower high, little/no lower wick. 60 odd pip move down.

Anyway not taken, just posting as it was such a good set up.
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  • #6,152
  • Mar 11, 2013 7:34am Mar 11, 2013 7:34am
Quoting Vantage
Mrs V won't be trading today (health issues), pity as this is a perfect set up. Bias down, 1hr doesn't want to have a CT move up. 1hr 3 bar reversal, 15 min lower high, little/no lower wick. 60 odd pip move down.

Anyway not taken, just posting as it was such a good set up.
Yeah.. GOOD move V.. I was longing it up abt 16 points.. turned my back out break even.. will the bldy thing EVER go up again????
  • #6,153
  • Mar 11, 2013 7:47am Mar 11, 2013 7:47am
Quoting danc
Yeah.. GOOD move V.. I was longing it up abt 16 points.. turned my back out break even.. will the bldy thing EVER go up again????
With UK's dismal economy and better than expected US jobs numbers might not be soon. Obviously there'll be ups and downs but don't see any reason to buy (so it will prob shoot up).

We are on a low going back to May 1996 and that couldn't budge it. I don't see too many potential support levels, Oct '93 to Jan '94 perhaps, then May '10. '000's of pips away. Will be watching COT for signs of big boys unloading but cannot imagine its anytime in the near future.

Seems to be sell rallies as per the last few months.
  • #6,154
  • Mar 11, 2013 12:40pm Mar 11, 2013 12:40pm
Price couldn't close below the pivot all day. We had a 1hr hl and a 15min hl little/no upper wick on the close of the hourly candle. Entry was 125.06 and closed out for +32 at the confluence of the W_M3 and MR1 at 125.38.
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Follow, don't anticipate.
  • #6,155
  • Mar 11, 2013 1:44pm Mar 11, 2013 1:44pm
Quoting Ian
Price couldn't close below the pivot all day. We had a 1hr hl and a 15min hl little/no upper wick on the close of the hourly candle. Entry was 125.06 and closed out for +32 at the confluence of the W_M3 and MR1 at 125.38.
Couldn't have said that any better, nice one.
  • #6,156
  • Mar 11, 2013 6:33pm Mar 11, 2013 6:33pm
Quoting Vantage
With UK's dismal economy and better than expected US jobs numbers might not be soon. Obviously there'll be ups and downs but don't see any reason to buy (so it will prob shoot up).

We are on a low going back to May 1996 and that couldn't budge it. I don't see too many potential support levels, Oct '93 to Jan '94 perhaps, then May '10. '000's of pips away. Will be watching COT for signs of big boys unloading but cannot imagine its anytime in the near future.

Seems to be sell rallies as per the last few months.
Thanks reply.. got a few out on way back up..
  • #6,157
  • Mar 11, 2013 11:21pm Mar 11, 2013 11:21pm
Recap 11 Mar

EUR - View was: Bias down but can bounce up from the lows of last week.
The lows held and price moved up in US session.

GU - View was: Making new lows after the NFP numbers. D showing divergence. 4hr on lower high lower low flow also showing divergence. Bias down but there can be a reaction higher on the divergence that has been showing for about 2 weeks now.
London session moved down in line with bias.

EJ - View was: D closed a shooting star as a reaction to the NFP numbers. Possibly a reaction to the 18/20 Feb highs. If 4hr closes negative its on a lower high and short term bias would then be down. Other than that bias remains up.
We moved up in US session in line with bias.
  • #6,158
  • Mar 11, 2013 11:35pm Mar 11, 2013 11:35pm
EUR GU EJ 12 Mar

EUR - D positive close inside bar, higher low. We'll see the reaction at London open, so far the move up is significantly weaker than 7 March. Bias down to the previous lows.

GU - D closed a doji and the divergence is still showing. 4hr flow still lower high lower low. Bias down.

EJ - D positive close. 4hr shows the pause at the previous high with sell negative divergence. We'll see the reaction at London open. Bias remains up, we can obviously move lower from the highs.
  • #6,159
  • Mar 12, 2013 10:54am Mar 12, 2013 10:54am
Quoting Vantage
EUR GU EJ 12 Mar
EJ - D positive close. 4hr shows the pause at the previous high with sell negative divergence. We'll see the reaction at London open. Bias remains up, we can obviously move lower from the highs.
The divergence and the move lower from the highs won out. Mrs V missed out on the picture perfect 15 min lh this morning around London open.

This afternoon neg close 1hr, 15 min 3 bar reversal. Out a tad early for +30.
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  • #6,160
  • Mar 12, 2013 11:20pm Mar 12, 2013 11:20pm
Recap 12 Mar

EUR - View was: D positive close inside bar, higher low. We'll see the reaction at London open, so far the move up is significantly weaker than 7 March. Bias down to the previous lows.
We did move down in line with bias to the previous low and had a bounce from 1.2990.

GU - View was: D closed a doji and the divergence is still showing. 4hr flow still lower high lower low. Bias down.
Down bias played out after London open, after which a significant bounce up.

EJ - View was: D positive close. 4hr shows the pause at the previous high with sell negative divergence. We'll see the reaction at London open. Bias remains up, we can obviously move lower from the highs.
A strong move down during late Asia/London morning.
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