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Higher low, lower high system

  • #6,781
  • Oct 10, 2013 3:16am Oct 10, 2013 3:16am
Quoting Ian
EJ D making lower highs, Y was green candle with large upper wick closing below 8lwma, RSI below 50/MA and heading down. Broke below the Asian range during FO, price was making LL/LH on the 1 hr chart, I entered at LO using the TMS method and trying out the HA candles which seem to give an appearance of a smoother ride down. Closed out at the W_M1 for +50. http://www.forexfactory.com/showthre...08#post7006908 {image} {image}
Very nice trade Ian. Sorry for not replying earlier been tied up and Mrs V still completely out of action trading wise as she has been for weeks now.

I am in my only my 2nd trade in as many weeks sold GU and got to about +40 but shy of TP and came back to BE when I was away from computer.

Sold EA this morning on the 15 min lh at 1.4331. Will post charts as usual if it plays out. At the moment we are in the general area of Tuesday's low and there are several levels we have bounced from that are potential problems, not least the recent double bottom at W S1 1.4280.
  • #6,782
  • Oct 10, 2013 3:17am Oct 10, 2013 3:17am
Quoting money89
To Dave and all the member's in here.. Like we have personalities for inspiration in almost all the field's like sport's,Business or whatsoever. Who is your inspiration in trading ? Do we really have inspirational figures in trading business ?
Never looked at trading like that, don't have.
  • #6,783
  • Oct 10, 2013 8:35am Oct 10, 2013 8:35am
Quoting Vantage
{quote} Very nice trade Ian. Sorry for not replying earlier been tied up and Mrs V still completely out of action trading wise as she has been
Sold EA this morning on the 15 min lh at 1.4331. Will post charts as usual if it plays out. At the moment we are in the general area of Tuesday's low and there are several levels we have bounced from that are potential problems, not least the recent double bottom at W S1 1.4280.
Was very worried about the trade but we have come back down to todays open/bounce level from 5 hrs ago 1.4315. If we fail to go lower now I will look to move stop to reduce risk.
  • #6,784
  • Oct 11, 2013 2:04am Oct 11, 2013 2:04am
EURAUD is at a clear support level most recently back to the 23 Sep low. London close yesterday did not push up, Asian session tried and failed to hold a move up. D closed a doji failing to move below the support level from 9 Oct and we like good closes to follow through (in this case lower). 4hr is clearly making lower highs and for now with the previously mentioned base.

Want to give trade some room to try and move lower, sitting around +45 at the moment and will have to accept that it may fail and I'll then look to bank a smaller amount.
  • #6,785
  • Oct 11, 2013 3:12am Oct 11, 2013 3:12am
Quoting Vantage
EURAUD is at a clear support level most recently back to the 23 Sep low. London close yesterday did not push up, Asian session tried and failed to hold a move up. D closed a doji failing to move below the support level from 9 Oct and we like good closes to follow through (in this case lower). 4hr is clearly making lower highs and for now with the previously mentioned base. Want to give trade some room to try and move lower, sitting around +45 at the moment and will have to accept that it may fail and I'll then look to bank a smaller amount.
Exited at +47, base looked like holding.
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  • #6,786
  • Oct 12, 2013 11:45am Oct 12, 2013 11:45am
Quoting Vantage
{quote} I will try and help anybody as much as I can. But questions like this have no place in this thread (or any other) and make me think that you are one of those people that deliberately tried to disrupt the Another Simple System 15 min TF thread. If I'm wrong my apologies but sometimes reading charts certain set ups spring out at you that something is going to happen, reading this post just springs out at me.
Tks for reply. I was successful. resulting testing my EA from $1.000->$1.500.000 /year.
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File Type: rar V51kReStop.rar   19 KB | 481 downloads
MQL4, Amibroker
  • #6,787
  • Oct 13, 2013 1:32am Oct 13, 2013 1:32am
Quoting TieuHo
{quote} Tks for reply. I was successful. resulting testing my EA from $1.000->$1.500.000 /year. {file} {image}
Please stop posting this rubbish on the thread. If you want to contribute fine but this is not the way to go about it. Apart from the fact your page says do not consider the results or something like that your complete lack of definition as to what the thing does is not helpful.
  • #6,788
  • Oct 15, 2013 4:20am Oct 15, 2013 4:20am
Sold the 15 min lh on EURAUD in the downtrend, 1.4193. Missed the earlier entry and then waited for it to move through the RN.

At the moment we are right on the Sep lows. Will post charts if we push through and trade plays out.
  • #6,789
  • Oct 15, 2013 6:14am Oct 15, 2013 6:14am
Quoting Vantage
Sold the 15 min lh on EURAUD in the downtrend, 1.4193. Missed the earlier entry and then waited for it to move through the RN. At the moment we are right on the Sep lows. Will post charts if we push through and trade plays out.
EJ nice 4 hr divergence, perfect 1 hr LH in Asian session, too early for me, another solid negative close followed no lower wick below the pivot, I reckoned Asian session low was going to fail sold 132.43 just closed out for +50.
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Follow, don't anticipate.
  • #6,790
  • Oct 15, 2013 7:15am Oct 15, 2013 7:15am
Quoting Ian
{quote} EJ nice 4 hr divergence, perfect 1 hr LH in Asian session, too early for me, another solid negative close followed no lower wick below the pivot, I reckoned Asian session low was going to fail sold 132.43 just closed out for +50. {image} {image}
Very nice trade Ian.

AUD falling had me spooked with our EURAUD sell. Not sure what was going on so with AUD falling still got out at BE when EURAUD had the push up.
  • #6,791
  • Oct 16, 2013 9:15am Oct 16, 2013 9:15am
Quoting Vantage
{quote} Very nice trade Ian. AUD falling had me spooked with our EURAUD sell. Not sure what was going on so with AUD falling still got out at BE when EURAUD had the push up.
Cheers, EJ again today. 1 hr positive divergence at Y's low, price moved up during Asia and pulled back 50% at LO. Not a very nice looking 1 hr candle but I took a 15min HL off the pivot at 133.20. Didn't go straight away and tested the pivot again before taking off. Closed just short of Y's high for +50.
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Attached Image
Follow, don't anticipate.
  • #6,792
  • Oct 17, 2013 3:55am Oct 17, 2013 3:55am
Quoting Ian
{quote} Cheers, EJ again today. 1 hr positive divergence at Y's low, price moved up during Asia and pulled back 50% at LO. Not a very nice looking 1 hr candle but I took a 15min HL off the pivot at 133.20. Didn't go straight away and tested the pivot again before taking off. Closed just short of Y's high for +50. {image} {image}
That was a very nice trade. We had a sell on EURAUD a little after, didn't get the shooting star rejection of WS1 around 1.4215 but the break below the next 1hr candle below 1.4180. The lows held and we exited at BE.

EURAUD and AUD not playing nicely so no trades yet this morning.
  • #6,793
  • Oct 17, 2013 11:06am Oct 17, 2013 11:06am
EURAUD D neg close but couldn't go lower with a base around 1.4150. 1hr shooting star lh, sell 1.4186. Will post charts if trade follows through.
  • #6,794
  • Oct 18, 2013 5:38am Oct 18, 2013 5:38am
Quoting Vantage
EURAUD D neg close but couldn't go lower with a base around 1.4150. 1hr shooting star lh, sell 1.4186. Will post charts if trade follows through.
Currently 1.4157, stop now at BE.
  • #6,795
  • Oct 22, 2013 3:08am Oct 22, 2013 3:08am
Quoting Vantage
{quote} Currently 1.4157, stop now at BE.
We exited that trade on Fri at +32. Not such a great trade that I'm fussed about posting a pic.
  • #6,796
  • Oct 22, 2013 3:12am Oct 22, 2013 3:12am
Bought EURAUD at 1.4142 yesterday after the 1hr positive close just before London close. We have an obvious base over several days, 4hr RSI crossed up, base tested again then 1hr closed positive. Stop at BE already as this is obviously counter to the D trend (below RSI 50 level, below D 8lwma).
  • #6,797
  • Oct 22, 2013 3:20am Oct 22, 2013 3:20am
Quoting Vantage
Bought EURAUD at 1.4142 yesterday after the 1hr positive close just before London close. We have an obvious base over several days, 4hr RSI crossed up, base tested again then 1hr closed positive. Stop at BE already as this is obviously counter to the D trend (below RSI 50 level, below D 8lwma).
Be careful with euraud , is going down at 1.4040
Trade only what i see
  • #6,798
  • Oct 22, 2013 3:31am Oct 22, 2013 3:31am
Quoting TRFoti
{quote} Be careful with euraud , is going down at 1.4040
I suspect you are completely right.

This one was a Mrs V trade that I actually disagreed with as the 1hr had not yet made a HH HL to confirm a change in direction (also D has not yet turned). But we did have 4hr CT signal and a base so it was within our rules.

Whilst at BE so no risk, other than of course the eye might be off a decent entry for reverting to trend so the risk is a possible missed opportunity for a sell.
  • #6,799
  • Oct 24, 2013 4:56am Oct 24, 2013 4:56am
Quoting Vantage
Bought EURAUD at 1.4142 yesterday after the 1hr positive close just before London close. We have an obvious base over several days, 4hr RSI crossed up, base tested again then 1hr closed positive. Stop at BE already as this is obviously counter to the D trend (below RSI 50 level, below D 8lwma).
Stop got hit at BE and then shot up yesterdays Asian session. Did not trade at all yesterday.

EURAUD base held D positive engulfing close RSI above 50 level. Bought 1.4321 after the 15 min hl positive close little/no upper wick about 2 hrs ago. Will post charts if trade follows through.
  • #6,800
  • Oct 24, 2013 5:57am Oct 24, 2013 5:57am
Quoting Vantage
{quote} Stop got hit at BE and then shot up yesterdays Asian session. Did not trade at all yesterday. EURAUD base held D positive engulfing close RSI above 50 level. Bought 1.4321 after the 15 min hl positive close little/no upper wick about 2 hrs ago. Will post charts if trade follows through.
Hopefully we will now move higher and the small retrace lower was just a natural reaction to last weeks high being tested and the pre US session stutter.
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