Higher low, lower high system | Page 353 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What are Higher High, Higher Low, Lower High and Lower Low? 11 replies

How to program Higher-High Higher-Low 19 replies

Higher High/Higher Low indicator conversion from 4 to 5 decimals. Help anyone? 2 replies

Can u point me to code 2 show each bar with a higher high & higher low? 2 replies

High to High and Low to low time cycles 1 reply

Attachments: Higher low, lower high system
Exit Attachments

Higher low, lower high system

  • #7,041
  • May 30, 2014 5:25am May 30, 2014 5:25am
Quoting mt2
{quote} Thats clear now. Wow that was really early.
Haha you get old and sometimes out of the blue these things happen. Every so often wide awake from about 2-5 and sleep again like a baby for an hour or so!!
  • #7,042
  • May 30, 2014 8:11am May 30, 2014 8:11am
Quoting Vantage
{quote} I'm in from 1.6725 after a bout of insomnia this morning very early local time, the hammer Asian session. Not at BE yet but getting very close to that decision.
We survived and moving back up to W M1 at 1.6756.
  • #7,043
  • May 30, 2014 8:19am May 30, 2014 8:19am
EJ D closed a long legged doji with divergence, 4hr hl, 1hr hl (no surprise considering the 4hr) 3 bar reversal. We had a base at the RN/W M1 then the 1hr hl bounce off W S1. In at 1.3840. Will post charts if trade follows through.

Same as gu in the absence of D chart 'confirming' change of trend this counts as a CT trade as per our rules.
  • #7,044
  • May 30, 2014 8:30am May 30, 2014 8:30am
Quoting Vantage
EJ D closed a long legged doji with divergence, 4hr hl, 1hr hl (no surprise considering the 4hr) 3 bar reversal. We had a base at the RN/W M1 then the 1hr hl bounce off W S1. In at 1.3840. Will post charts if trade follows through. Same as gu in the absence of D chart 'confirming' change of trend this counts as a CT trade as per our rules.
EJ is struggling at some of the D lows from last week, 19, 20, 23 May the first obvious resistance area for this trade. Hoping we push up through as would love this not to be a scalp. At the moment currency meter showing eur as strongest and jpy close to weakest.
  • #7,045
  • May 30, 2014 8:41am May 30, 2014 8:41am
Sitting here twiddling thumbs so posting this one that we didn't take in favour of ej.

D oversize neg close into a SR level. No follow through lower which should always raise an eye brow. 1hr hl 3 bar reversal into US session.

I thought ej was better choice with the D hammer/long legged doji.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 35 KB
Click to Enlarge Name: euraudh1.png Size: 35 KB
  • #7,046
  • May 30, 2014 8:44am May 30, 2014 8:44am
Quoting Vantage
{quote} We survived and moving back up to W M1 at 1.6756.
I am closing down for the week and exited GU for +25 really struggling with this mornings high.
  • #7,047
  • May 30, 2014 8:47am May 30, 2014 8:47am
Quoting Vantage
{quote} EJ is struggling at some of the D lows from last week, 19, 20, 23 May the first obvious resistance area for this trade. Hoping we push up through as would love this not to be a scalp. At the moment currency meter showing eur as strongest and jpy close to weakest.
Decided to exit also at +29 done for the week.
  • #7,048
  • May 30, 2014 9:03am May 30, 2014 9:03am
Well done on trades, not the worst for a Friday. If you have time, I would like to see your EJ entry.

Enjoy the weekend.
  • #7,049
  • May 31, 2014 1:37am May 31, 2014 1:37am
Quoting Vantage
EJ D closed a long legged doji with divergence, 4hr hl, 1hr hl (no surprise considering the 4hr) 3 bar reversal. We had a base at the RN/W M1 then the 1hr hl bounce off W S1. In at 1.3840. Will post charts if trade follows through. Same as gu in the absence of D chart 'confirming' change of trend this counts as a CT trade as per our rules.
After this hammer.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 47 KB
  • #7,050
  • May 31, 2014 2:10am May 31, 2014 2:10am
Quoting mt2
EurAud I have placed a pending order as per chart. Daily has now turned below MA on RSI. 4 Hr has lower H/L flow. Rejection of W pivot. Previously closed 1 Hr candle has a lower H, with a close below the close of the previous 2 bars, thus completing the 3 bar reversal pattern. Waiting for low of candle to be taken out. {image}
Looking back at some of those opportunities that got away (or not) to see if methods can be improved. On this trade mt2 you were right in your assessment but your stop would have been hit.

The D pos close on 26th was just a pause in move down but there had been a lot of support around 1.4730. We discussed that this could well be a 4hr signal that starts a move down. The neg close on 27th gave a clearer direction for a move down but unfortunately there weren't 1hr entries we liked in the times we were in front of the computer.

Is this a set up that would give me pause to reconsider methods, no not this time. Even the news that caused the big move down on 29th had more 2 way volatility that is often the case.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 38 KB
Click to Enlarge Name: euraudh4.png Size: 44 KB
Click to Enlarge Name: euraudh1.png Size: 43 KB
  • #7,051
  • Edited 3:00am Jun 2, 2014 2:58am | Edited 3:00am
Quoting Vantage
{quote} After this hammer. {image}
Thanks for showing entry and the next post and charts.

EA now retracing after strong start to the week, will see what NY open brings.
  • #7,052
  • Jun 2, 2014 3:09am Jun 2, 2014 3:09am
Quoting mt2
{quote} Thanks for showing entry and the next post and charts. EA now retracing after strong start to the week, will see what NY open brings.
If EA was trending strongly might trade on a Mon morning otherwise we rarely trade now.
  • #7,053
  • Jun 2, 2014 7:17am Jun 2, 2014 7:17am
Took this entry. After retrace 2 Dojis showed price could not go lower followed by a nice 3 Bar Reversal. I am targeting highs at weekly pivot, for closure of 1/2 my position. Will monitor the other 1/2 thereafter.

Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1.png Size: 43 KB
  • #7,054
  • Jun 2, 2014 7:22am Jun 2, 2014 7:22am
Quoting mt2
Took this entry. After retrace 2 Dojis showed price could not go lower followed by a nice 3 Bar Reversal. I am targeting highs at weekly pivot, for closure of 1/2 my position. Will monitor the other 1/2 thereafter. {image}
Nice one.
  • #7,055
  • Edited Jun 4, 2014 12:03am Jun 3, 2014 11:44pm | Edited Jun 4, 2014 12:03am
We have a SR level for euraud around 1.4730 (Apr body lows), sold off from there Asian session yesterday. Mrs V sold the 15 min 3 bar reversal yesterday US session 1.4728. Currently around +40. Yesterday closed a massive spinning top and we have reacted to its high 1.4730 ish and low this morning 1.4640 ish, we are on 1hr lower high lower low so hope the flow still down.

Will post charts if trade plays out.
  • #7,056
  • Jun 4, 2014 12:58am Jun 4, 2014 12:58am
Eur / Aud goes to 1.42000

Attached Image (click to enlarge)
Click to Enlarge Name: vantage.jpg Size: 112 KB


Attached Image (click to enlarge)
Click to Enlarge Name: vantage1.jpg Size: 113 KB
  • #7,057
  • Jun 4, 2014 2:48am Jun 4, 2014 2:48am
Quoting thomi
Eur / Aud goes to 1.42000 {image} {image}
Thanks for the charts I certainly hope you are right and that the head and shoulders plays out. There some strong SR areas to get through to hit 1.4200 and whilst we are not scalping those areas will test my intestinal fortitude to hold on.
  • #7,058
  • Jun 4, 2014 2:59am Jun 4, 2014 2:59am
Quoting Vantage
We have a SR level for euraud around 1.4730 (Apr body lows), sold off from there Asian session yesterday. Mrs V sold the 15 min 3 bar reversal yesterday US session 1.4728. Currently around +40. Yesterday closed a massive spinning top and we have reacted to its high 1.4730 ish and low this morning 1.4640 ish, we are on 1hr lower high lower low so hope the flow still down. Will post charts if trade plays out.
There are numerous short term SR levels that will affect a trade whilst the bigger pic plays out. A person scalping with a 10 pip stop has the least pain threshold and ability to withstand these inevitable bounces making entry crucial. Y's low 1.4640 gave a big reaction up this morning then price settled for a time and moved up from 1.4663 area, you'll clearly see it from a 15 min chart. We are now hitting that 4663 level and bouncing up.
  • #7,059
  • Jun 4, 2014 3:17am Jun 4, 2014 3:17am
Quoting Vantage
{quote} There are numerous short term SR levels that will affect a trade whilst the bigger pic plays out. A person scalping with a 10 pip stop has the least pain threshold and ability to withstand these inevitable bounces making entry crucial. Y's low 1.4640 gave a big reaction up this morning then price settled for a time and moved up from 1.4663 area, you'll clearly see it from a 15 min chart. We are now hitting that 4663 level and bouncing up.
Yes, no surprise reaction at that area, 1.4663, looking back at lows from 10th, 14th and 15th May.
Follow, don't anticipate.
  • #7,060
  • Jun 4, 2014 3:25am Jun 4, 2014 3:25am
Quoting Ian
{quote} Yes, no surprise reaction at that area, 1.4663, looking back at lows from 10th, 14th and 15th May.
Cheers Ian, its also the W pivot so a reaction must be expected, now we have to trust the reaction is minimal and lower high flow down continues.
4 traders viewing now