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Higher low, lower high system

  • #6,721
  • Sep 11, 2013 11:42pm Sep 11, 2013 11:42pm
Quoting Vantage
11 Sep 2013 GBPAUD - D closed negative at the June/early July highs. 1hr shows the multiple bottoms. We'll need to see the reaction today but the US session did not take us lower yesterday. The past few days has been 1 day down 1 day up. Bias down until price action confirms otherwise (and it looks likely). EURAUD - D closed negative at the identified support level. Clear support at 1.4240 and the US session could not take us lower. 1hr shows the multiple bottoms. Bias...
The most important piece of the analysis I think was, the US session (when London still open) could not take us lower and the question would be why not?
  • #6,722
  • Sep 11, 2013 11:54pm Sep 11, 2013 11:54pm
12 Sep 2013
GU - D closed positive stopping at the Nov '12 lows. Could react lower from here but bias up.

GBPAUD - Aus employment much worse than forecast causing a big move higher this morning. It seems the Big Boys that stopped selling knew more than the news agencies.

EJ - D closed small negative inside bar. The 4hr RSI cross lower and lower high after divergence played out nicely. Short term bias down until D confirms.

EURAUD - Aus employment much worse than forecast causing a big move higher this morning. It seems the Big Boys that stopped selling knew more than the news agencies.

AUD - Aus employment much worse than forecast causing a big move lower this morning.We'll have to see if move can follow through.
  • #6,723
  • Sep 12, 2013 3:59am Sep 12, 2013 3:59am
EURUSD 15 min closed for 16 clear.. GOOD Aussie day for me ..also snipped some out of Dragon and UDJY..seem to be getting good with UDJY.. only just happening.. almost like feeling.. I finished now....USDX throu resistance.. looks go hier.. no need for greed thou Hey.. that's bought me undone so many times
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  • #6,724
  • Sep 12, 2013 4:03am Sep 12, 2013 4:03am
USDX.. 15 min.. look at this baby GO..
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  • #6,725
  • Sep 12, 2013 4:07am Sep 12, 2013 4:07am
mite hang around and see if I can scalp on 1 mi and 5.. the EUUD that is.. good short side on 5 min EUAD but missed it
  • #6,726
  • Sep 12, 2013 4:16am Sep 12, 2013 4:16am
Quoting danc
mite hang around and see if I can scalp on 1 mi and 5.. the EUUD that is.. good short side on 5 min EUAD but missed it
Yes the CT short on euraud would have given some pips. We have seen a reasonable but no panic retrace lower and think the market is probably waiting for ECB press conference this afternoon. We won't look to add on to our buy until after that is out of the way
  • #6,727
  • Sep 12, 2013 8:22am Sep 12, 2013 8:22am
watching close ADUD.. and have taken small possie .. 9240 ish stop below hour spike low.. I like basing patten and have price pivot cluster at or around base..bit of a punt.. off to bed
  • #6,728
  • Sep 12, 2013 8:33am Sep 12, 2013 8:33am
Quoting danc
watching close ADUD.. and have taken small possie .. 9240 ish stop below hour spike low.. I like basing patten and have price pivot cluster at or around base..bit of a punt.. off to bed
I hear what you say. But AUD going up will not be good news for our EURAUD buy.

The EURAUD buy we have is Mrs V's trade and she has the say on the exit. So far we are 100% still in no taking half off. Seen a 4hr low taken out looking at lower high lower low on 15 min so its not looking good. I don't suppose I can complain we wouldn't be in it if it wasn't for her but that won't make me feel better if we come back to BE and have nothing to show for it. I suspect I'm gonna be very unhappy over this one, oh well.

She is confident though of EURAUD's ability to follow through and views this as a normal retracement before what she regards as the real US open in about 20 mins. I hope she is right. I would have been quite happy taking half off at +100 moving stop up and re-entry if candles presented themselves correctly.
  • #6,729
  • Sep 12, 2013 11:50am Sep 12, 2013 11:50am
Quoting Vantage
{quote} I hear what you say. But AUD going up will not be good news for our EURAUD buy. The EURAUD buy we have is Mrs V's trade and she has the say on the exit. So far we are 100% still in no taking half off. Seen a 4hr low taken out looking at lower high lower low on 15 min so its not looking good. I don't suppose I can complain we wouldn't be in it if it wasn't for her but that won't make me feel better if we come back to BE and have nothing to show for it. I suspect I'm gonna be very unhappy over this one, oh well. She is confident though of...
Took a small speculative short on EURAUD after the large 4 hr candle failed to follow through and we had exceeded 5 day ADR. There was a 1hr candle with a large upper wick followed by two hanging men. Took the 15 min LH at the bottom of the range. In at 1.4365, price couldn't break the MR3 at 1.4343 also I was AMV (against Mrs V) so closed out for a couple of pips eventually when the top of the small range looked like breaking.
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Follow, don't anticipate.
  • #6,730
  • Sep 12, 2013 8:20pm Sep 12, 2013 8:20pm
Quoting danc
watching close ADUD.. and have taken small possie .. 9240 ish stop below hour spike low.. I like basing patten and have price pivot cluster at or around base..bit of a punt.. off to bed
. out of this with a few points 9268 ish.. am watching for another enter..
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  • #6,731
  • Sep 12, 2013 9:28pm Sep 12, 2013 9:28pm
ADUD 15 min short this scalping only
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  • #6,732
  • Sep 12, 2013 10:43pm Sep 12, 2013 10:43pm
Quoting danc
ADUD 15 min short this scalping only {image}
out of AUzz fot 10 clear..now short this UDJY.. 9970.. good to see below 20 ema.. 15 min chart.. scalping only any danger of reverse I out..
Attached Image (click to enlarge)
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  • #6,733
  • Sep 12, 2013 11:09pm Sep 12, 2013 11:09pm
Quoting Ian
{quote} Took a small speculative short on EURAUD after the large 4 hr candle failed to follow through and we had exceeded 5 day ADR. There was a 1hr candle with a large upper wick followed by two hanging men. Took the 15 min LH at the bottom of the range. In at 1.4365, price couldn't break the MR3 at 1.4343 also I was AMV (against Mrs V) so closed out for a couple of pips eventually when the top of the small range looked like breaking. {image} {image}
and nice CT trade.
  • #6,734
  • Sep 12, 2013 11:14pm Sep 12, 2013 11:14pm
Quoting Vantage
In EURAUD buy at 1.4272. Proven support level, price showing it does not want to go lower for hours. 4hr had 3 bar reversal close, RSI crossed above signal line. Will post charts if trade goes on and breaks up.

Trade update, with profit floating around +100 stop to +40.
  • #6,735
  • Sep 12, 2013 11:48pm Sep 12, 2013 11:48pm
V.......I reckon u spot on direction of.....EURAD.. 4 hr picture I have no possie but reckon setting up to go HARD hi side.. I reckon above 14400 ish she will Go
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  • #6,736
  • Sep 12, 2013 11:48pm Sep 12, 2013 11:48pm
13 Sep 2013
GU - D closed a hanging man at the end of a run up at a proven turning point in the past (Nov '12 low). 4hr RSI crossed lower suggesting scalp sells possible until D turns. This can be start of move down or just a pause in uptrend so no bias.

GBPAUD - D closed positive with a large upper wick, RSI crossed up. 4hr now on higher high higher low, RSI above 50 level. Bias up based on 4hr, failure to move above 1.7135 could flip move lower.

EJ - D closed negative with a large lower wick, RSI touched signal line for cross lower. 4hr asking am I a higher low or lower high. Not sure no bias.

EURAUD - D closed positive with an upper wick in the area of the June highs, RSI crossed up and we are above the 8lwma. 4hr not conclusive, Asian session push up failing to get anywhere near yesterdays high. 4hr above RSI 50 level. Retaining bias up but I am far from convinced and we could easily flip lower.

AUD - D closed lower with a lower wick. 4hr on a lower high and to test yesterdays lows. Short term bias down but we could easily flip back into uptrend.
  • #6,737
  • Sep 12, 2013 11:51pm Sep 12, 2013 11:51pm
just had a short in it for 10..++.. pic 15 mi chart.. if it comes down to 4330... I will look for buy signal.. I see this area as very strong resistance.. so short side AUzzzz D.. ?????? maby??
Attached Image (click to enlarge)
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  • #6,738
  • Sep 12, 2013 11:54pm Sep 12, 2013 11:54pm
Quoting danc
V.......I reckon u spot on direction of.....EURAD.. 4 hr picture I have no possie but reckon setting up to go HARD hi side.. I reckon above 14400 ish she will Go {image}
The question will be if trade survives.

Just have to be in when one of those big Asian session moves follows through. If not now we'll be one trade closer to the big run which is always around the corner with EURAUD.
  • #6,739
  • Sep 12, 2013 11:59pm Sep 12, 2013 11:59pm
Quoting danc
just had a short in it for 10..++.. pic 15 mi chart.. if it comes down to 4330... I will look for buy signal.. I see this area as very strong resistance.. so short side AUzzzz D.. ?????? maby?? {image}

Yes todays open 1.4339 and the pivot just below it 1.4325 very important for EURAUD bulls, so yes that = AUD sells.
  • #6,740
  • Sep 13, 2013 12:00am Sep 13, 2013 12:00am
Quoting danc
just had a short in it for 10..++.. pic 15 mi chart.. if it comes down to 4330... I will look for buy signal.. I see this area as very strong resistance.. so short side AUzzzz D.. ?????? maby?? {image}
Oh yes that was a very nice scalp there.
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