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Higher low, lower high system

  • #7,161
  • Feb 18, 2015 9:48am Feb 18, 2015 9:48am
On somewhat of a roll, excluding 1 min trades closed for +766 pips this week alone.

Price came down to W M2 where we exited the sell for 336 pips. This level was resistance from 3-10 Feb '15. It drifted there for hours showing positive divergence on both 4 and 1hr charts. Bought 1.9626 exited for +200.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 45 KB
  • #7,162
  • Feb 18, 2015 11:22pm Feb 18, 2015 11:22pm
Quoting Vantage
On somewhat of a roll, excluding 1 min trades closed for +766 pips this week alone. Price came down to W M2 where we exited the sell for 336 pips. This level was resistance from 3-10 Feb '15. It drifted there for hours showing positive divergence on both 4 and 1hr charts. Bought 1.9626 exited for +200. {image}
Hi Vantage, this is Asim.

I have observed your method in this thread. But what are the initial steps for taking this trade. I mean did you observed something in the lower time frames?
If yes, then what are those observation. Please post by charts.

Thank you.


Regards.
Price Is The Best Indicator Itself.
  • #7,163
  • Feb 19, 2015 3:14am Feb 19, 2015 3:14am
Quoting asim.iqbal
{quote} Hi Vantage, this is Asim. I have observed your method in this thread. But what are the initial steps for taking this trade. I mean did you observed something in the lower time frames? If yes, then what are those observation. Please post by charts. Thank you. Regards.
Please see post 1 for the trading concepts, there are also several links there for posts on items I consider important including trade rules, counter trend rules, avoid weak LO and pre/early US open etc etc. After that there are literally thousands of posts over years of trading on what to look for on shorter TF entries. Yes I have become a little lazy on taking entry screen shots but thats becoming a time issue for me to go back and take after the event.
  • #7,164
  • Feb 19, 2015 4:10am Feb 19, 2015 4:10am
I got to computer late this morning, pity as these http://vantagefx.blogspot.com/2015/0...bruary-15.html are perfect example of the LO 1 minute entry. Test or break and test of range in and around LO.
  • #7,165
  • Feb 19, 2015 5:03am Feb 19, 2015 5:03am
I have added some links to the first post specifically on the 1 min entry we are using in addition to swing trades.
  • #7,166
  • Feb 19, 2015 7:29am Feb 19, 2015 7:29am
Thank you dear for your Guide. I will study it from the beginning again.

I had visited a few pages of this thread days ago and try to trade in a New Demo Account with Time Frame M15. I was going well But last night I did the same experiment in M5 and loose.

Here are the results.
Attached Image (click to enlarge)
Click to Enlarge Name: Page.PNG Size: 85 KB
Price Is The Best Indicator Itself.
  • #7,167
  • Feb 19, 2015 7:55am Feb 19, 2015 7:55am
Quoting asim.iqbal
Thank you dear for your Guide. I will study it from the beginning again. I had visited a few pages of this thread days ago and try to trade in a New Demo Account with Time Frame M15. I was going well But last night I did the same experiment in M5 and loose. Here are the results. {image}
The concept of a failed move in one direction then a move in the other in and around LO (green line) will work on 5 min. Instead of trying to capture every trade at the extreme put a 25lwma on 5 min chart and look for HL/LH's after price has crossed the lwma. So its cross and close other side of 25lwma, then a HL LH that follows.

Also look for pairs to agree so you are looking at broader strength/weakness e.g. gbpaud and euraud or say gbpaud and gbpnzd.

The charts below show the cross, close and HL's that follow. They show pairs agreeing so there is broader strength eur and gbp/weakness aud and nzd.

You can look for yourself where later in the morning the same rules apply for sells.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 39 KB
Click to Enlarge Name: GBPNZDM5.png Size: 40 KB
Click to Enlarge Name: EURAUDM5.png Size: 38 KB
Click to Enlarge Name: EURNZDM5.png Size: 39 KB
  • #7,168
  • Feb 20, 2015 2:13am Feb 20, 2015 2:13am
Taking new trade in Gold.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.PNG Size: 35 KB
Price Is The Best Indicator Itself.
  • #7,169
  • Feb 20, 2015 2:20am Feb 20, 2015 2:20am
Quoting asim.iqbal
Taking new trade in Gold. {image}
Break a leg.

I am selling euraud this morning in two trades.
  • #7,170
  • Feb 20, 2015 3:07am Feb 20, 2015 3:07am
Gold hit My Stop loss.

There was a very easy and nice setup EURAUD.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.PNG Size: 40 KB
Price Is The Best Indicator Itself.
  • #7,171
  • Feb 20, 2015 3:14am Feb 20, 2015 3:14am
Asim looking at the simple idea I suggested you have a look at yesterday on 5 min charts with a 25lwma.

Keeping these rules in mind:

- Cross and close other side of lwma,
- lower high that follows,
- agreement across pairs.

6 main pairs to look at, does anything jump at you as a trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 30 KB
Click to Enlarge Name: EURJPYM5.png Size: 30 KB
Click to Enlarge Name: EURNZDM5.png Size: 31 KB
Click to Enlarge Name: GBPAUDM5.png Size: 31 KB
Click to Enlarge Name: GBPJPYM5.png Size: 30 KB
Click to Enlarge Name: GBPNZDM5.png Size: 33 KB
  • #7,172
  • Feb 20, 2015 3:16am Feb 20, 2015 3:16am
Quoting asim.iqbal
Taking new trade in Gold. {image}
Gold was making lower highs and lower lows, so what had you convinced it would move up from there?
  • #7,173
  • Feb 20, 2015 3:17am Feb 20, 2015 3:17am
Quoting asim.iqbal
Gold hit My Stop loss. There was a very easy and nice setup EURAUD. {image}
Yes exited +60 and +58.
  • #7,174
  • Feb 20, 2015 3:20am Feb 20, 2015 3:20am
Quoting Vantage
Asim looking at the simple idea I suggested you have a look at yesterday on 5 min charts with a 25lwma. Keeping these rules in mind: - Cross and close other side of lwma, - lower high that follows, - agreement across pairs. 6 main pairs to look at, does anything jump at you as a trade. {image} {image} {image} {image} {image} {image}
Forgot to say that I use this simple idea (with some tweaks from Clives simple as abcd thread) as the basis for trading off 1 min charts.
  • #7,175
  • Feb 20, 2015 3:25am Feb 20, 2015 3:25am
Quoting asim.iqbal
Gold hit My Stop loss. There was a very easy and nice setup EURAUD. {image}
Yes the large upper wick on D suggests rejection of move up, the 1hr engulfing negative close suggests move lower. All reasons why I was happy to be selling this morning in addition to the aud strength across many pairs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 37 KB
Click to Enlarge Name: EURAUDH1.png Size: 41 KB
  • #7,176
  • Feb 23, 2015 2:18am Feb 23, 2015 2:18am
Bought gbpaud 1.9640 earlier this morning. Tied up today so won't have a lot of time to watch charts. Hit RN 1.7 and area of Thurs low and hopefully we will carry on higher. Will post charts if trade plays out.
  • #7,177
  • Feb 23, 2015 3:19am Feb 23, 2015 3:19am
Quoting Vantage
Bought gbpaud 1.9640 earlier this morning. Tied up today so won't have a lot of time to watch charts. Hit RN 1.7 and area of Thurs low and hopefully we will carry on higher. Will post charts if trade plays out.
Nice entry this morning on GBPAUD are you still holding?? Hope so as about 100 pips up by now and looks like theres more room to go higher...Nice one..
Feel the Fear and do it anyway!!!
  • #7,178
  • Feb 23, 2015 6:16am Feb 23, 2015 6:16am
Quoting clivepackham
{quote} Nice entry this morning on GBPAUD are you still holding?? Hope so as about 100 pips up by now and looks like theres more room to go higher...Nice one..
Yes still in, missed the tp and now hoping that US session will continue upward.
  • #7,179
  • Feb 23, 2015 8:43am Feb 23, 2015 8:43am
Taken a couple of trades today during the office time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.PNG Size: 40 KB
Click to Enlarge Name: Gold.PNG Size: 38 KB
Price Is The Best Indicator Itself.
  • #7,180
  • Feb 23, 2015 8:57am Feb 23, 2015 8:57am
Quoting asim.iqbal
Taken a couple of trades today during the office time. {image} {image}
It might help if you state your reasoning for the trades.
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