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Higher low, lower high system

  • #7,201
  • May 8, 2015 2:00am May 8, 2015 2:00am
Quoting BrasilForex
Interesting and simple system. Just found this in EURUSD and testing in demo. {image}
OK engulfing negative close at a W pivot with divergence. I don't watch this pair so haven't looked to see if there was historical support/resistance which would be the cherry on top.
  • #7,202
  • May 8, 2015 4:02am May 8, 2015 4:02am
Some general thoughts on agreement across pairs to identify which pair to trade. http://vantagefx.blogspot.com/2015/0...oss-pairs.html
  • #7,203
  • May 10, 2015 2:03am May 10, 2015 2:03am
+101 pips is probably not the worst ending this trade could have had. http://vantagefx.blogspot.com/2015/0...-101-pips.html
  • #7,204
  • May 11, 2015 7:18am May 11, 2015 7:18am
Quoting Vantage
Some general thoughts on agreement across pairs to identify which pair to trade. http://vantagefx.blogspot.com/2015/0...oss-pairs.html
Hi Vantage,

How do you handle your SL, TP and BE at those LO M1 trades?
  • #7,205
  • May 11, 2015 7:26am May 11, 2015 7:26am
Quoting GodFire
{quote} Hi Vantage, How do you handle your SL, TP and BE at those LO M1 trades?
Stop beyond the last swing high/low typically 15-20 pips depending on the pair (my gbpnzd spread with comm is around 5 pips). TP target is 50 pips or the next RN, pivot, SR level etc if there is one just a little further than 50. Moving to BE. Trying to leave at BE for longer particularly where there is strong agreement across pairs. Failing that on closed candles once there has been another a b c move that has come back to test entry.

There are some disadvantages to the 50 pips target. Like this morning earlier Clive had banked 60 pips and I had a BE, but on other days obviously works better than scalping. Having said that I did miss the move up about 40 mins whatever after LO. Anyway its about being comfortable with your set up I suppose.
  • #7,206
  • May 11, 2015 10:07am May 11, 2015 10:07am
Quoting Vantage
{quote} OK engulfing negative close at a W pivot with divergence. I don't watch this pair so haven't looked to see if there was historical support/resistance which would be the cherry on top.
Which pairs do you monitor?
  • #7,207
  • May 11, 2015 10:52am May 11, 2015 10:52am
Quoting BrasilForex
{quote} Which pairs do you monitor?
GBPAUD, GBPNZD, GBPJPY, EURAUD, EURNZD, EURJPY. I'll look at gbpcad and eurcad if cad if is showing strong on TT indi. Fave pairs the aud crosses.
  • #7,208
  • Edited 12:47pm May 11, 2015 10:58am | Edited 12:47pm
Why no US pairs? What session(s) do you prefer to trade the AUD crosses?
  • #7,209
  • May 12, 2015 12:07am May 12, 2015 12:07am
Quoting mary4x
Why no US pairs? What session(s) do you prefer to trade the AUD crosses?
These pairs feature most often on the TT indi and that's what I'm basing my entries on when trade set up rules in place.

UK and US sessions fine, a quick look at GBPAUD on a 1hr chart to see what it does will be very quick for you to do to prove this for yourself. I keep on saying that I'll wake up a few hours early to trade AUD high news events but haven't needed to so far.
  • #7,210
  • May 12, 2015 9:51am May 12, 2015 9:51am
Thanks, Vantage.
  • #7,211
  • May 13, 2015 1:40pm May 13, 2015 1:40pm
GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 58 KB
  • #7,212
  • Jun 11, 2015 6:57am Jun 11, 2015 6:57am
We have 2 euraud sells in, currently bouncing around the (candle body on 1hr) lows from 5 + 8 June 1.4550-ish. US session yesterday had little reaction higher, Asian move up quickly rejected this morning. So far UK and now US open little reaction higher. Hopefully this means level will fail for decent move lower.
  • #7,213
  • Sep 27, 2015 10:40am Sep 27, 2015 10:40am
Hi,

really interesting thread,but really difficult to read and understand . Your explanantion is very un clear in every details
  • #7,214
  • Sep 28, 2015 1:10am Sep 28, 2015 1:10am
Quoting baavgai
Hi, really interesting thread,but really difficult to read and understand . Your explanantion is very un clear in every details
The first post has a lot of general market view points in but the basics of a higher low or lower high (there are attachments to view pics with explanations), if thats unclear then I can't help you. The thread has literally hundreds of trade pics, are they not clear?
  • #7,215
  • Oct 20, 2015 5:51am Oct 20, 2015 5:51am
This is a standard set up. NZD was very strong across multiple pairs earlier. I had a late sell in initial move off 1 min that was a BE. My fault for missing the early move below 5 min 20lwma just after LO green line 2.2733 ish. Anyway the CT move up was relatively weak compared to the move down, price goes into the area below the WP gives a LH for a straight forward sell back into major direction of morning. GBPAUD also showing it didn't want to move higher with dble/treble top.

Exited at yesterdays days low for +44 and 8% return. So LH back into move down resumption of trend rejecting the W pivot round number combo.

This is a trade from my current 2112 - 46 set up.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 31 KB
  • #7,216
  • Oct 20, 2015 6:01am Oct 20, 2015 6:01am
Quoting Vantage
{quote} GBPAUD, GBPNZD, GBPJPY, EURAUD, EURNZD, EURJPY. I'll look at gbpcad and eurcad if cad if is showing strong on TT indi. Fave pairs the aud crosses.
good play on gbpnzd, really like a glove

concerning CAD..your post is from may. yeah, CAD is a player and a runner lately. up and down runner. this week is crucial and we will be spanking the floor on CADx
atm looks CAD is weak
gl
  • #7,217
  • Oct 20, 2015 6:05am Oct 20, 2015 6:05am
Quoting 21vs7
{quote} good play on gbpnzd, really like a glove concerning CAD..your post is from may. yeah, CAD is a player and a runner lately. up and down runner. this week is crucial and we will be spanking the floor on CADx atm looks CAD is weak gl
I only really look at CAD when it comes up strongly on TT indi and will be honest that when in front of charts I haven't picked up that it has featured. Because of time limitations my main focus is on GN EN GA EA and if JPY features I'll put up GJ and EJ. Likewise when in trade I use 1 screen to carry on working and sneak a peak at charts on the other and that doesn't have TT on so can be missing a lot. Basically making the best of the current situation.
  • #7,218
  • Oct 20, 2015 6:17am Oct 20, 2015 6:17am
Taking the above gbpnzd chart a little further.

Left arrow down the lower high move below 2.2750 and the 20lwma 10.20 chart time. GBPAUD topped out and EURNZD also. So that would have the 2 pair rule met. We have moved below our 1 indi with nice LH engulfing closes, really good entry and a little miffed I missed but I think work got in the way. The run down would have more than met the 2112 - 46 rule.

Left arrow up is a HL but its CT, breaks the LH LL cycle with move to 2.2700. Right arrow down is the LH back into trend as per the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 30 KB
  • #7,219
  • Oct 20, 2015 6:21am Oct 20, 2015 6:21am
Quoting Vantage
Taking the above gbpnzd chart a little further. Left arrow down the lower high move below 2.2750 and the 20lwma 10.20 chart time. GBPAUD topped out and EURNZD also. So that would have the 2 pair rule met. We have moved below our 1 indi with nice LH engulfing closes, really good entry and a little miffed I missed but I think work got in the way. The run down would have more than met the 2112 - 46 rule. Left arrow up is a HL but its CT, breaks the LH LL cycle with move to 2.2700. Right arrow down is the LH back into trend as per the trade. {image}...
Forgot to mention one of the old trade rules, when LO has a strong quick move either way thats often it for an hour or two. I think dropping 80-90 pips in 15 mins qualifies.
  • #7,220
  • Nov 10, 2015 12:58am Nov 10, 2015 12:58am
Jem if you are reading.

Test of range and pairs agreeing. After some chop just before FO (yellow line) both gbpaud and euraud have clean moves lower to 2.1242 and 1.5200 respectively. They are agreeing clearly both moving nicely lower (angle and separation on ma's an easy visual) and just test/break their ranges from earlier in Asian session. The LH's follow at LO green line.

So some sideways rubbish, clean move, test of range, in this case LH's, nice A+S on ma's.

Hope it helps.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDM5 2.png Size: 42 KB
Click to Enlarge Name: EURAUDM5 2.png Size: 39 KB
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