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Higher low, lower high system

  • #7,221
  • Nov 10, 2015 7:48am Nov 10, 2015 7:48am
Jem some other things to watch out for.

Here euraud is making marginally lower highs and the candle with little/no lower wick (for a sell) that closes at or just beyond the range is often nice. This is perfect example of what I mentioned earlier to you. See arrow down.

Here eurnzd is agreeing see arrow down.

A 20lwma on a 5 min is a good general easy visual, watching for a HL/LH that follows price crossing the ma (on closed candles) or causes the cross of the ma.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 38 KB
Click to Enlarge Name: EURNZDM5.png Size: 34 KB
  • #7,222
  • Apr 14, 2016 10:29am Apr 14, 2016 10:29am
Is this thread dead?
I Win, I Lose, It's my Job... And I Love it!
  • #7,223
  • Apr 18, 2016 4:23am Apr 18, 2016 4:23am
Quoting umairsheikh2
Is this thread dead?
I kinda thought so but lets see.

After LO clear HL's for gu and gj. The 3 bar reversal indi showing the way with clear HL's. Pad noter was kind enough to do a filter above/below stoch 50 level, I use 12 12 1 as my short term direction bias. The arrows refer to the prev candle close.

The prev 3 bar reversal indi had no filter and would drive a person crazy, this filter now works really well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY+M5.png Size: 33 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 34 KB
  • #7,224
  • Apr 18, 2016 4:26am Apr 18, 2016 4:26am
As you will see the stoch 12 12 1 is very close to the 5 min 20lwma which I have used for ages now http://www.vantagefx.blogspot.co.za/...ng-20lwma.html
  • #7,225
  • Apr 18, 2016 4:35am Apr 18, 2016 4:35am
Quoting Vantage
{quote} I kinda thought so but lets see. After LO clear HL's for gu and gj. The 3 bar reversal indi showing the way with clear HL's. Pad noter was kind enough to do a filter above/below stoch 50 level, I use 12 12 1 as my short term direction bias. The arrows refer to the prev candle close. The prev 3 bar reversal indi had no filter and would drive a person crazy, this filter now works really well. {image} {image}
The reversal 3 bar is intended to show a reversal based on candle closes. With the filter on its limited to buy above 50 level, sell below.

The 3 bar reversal itself is intended to show HL/LH's. For a sell the alert is for closes below the prev 2 candle closes 1 of which must have been a positive close i.e. a rally in downtrend. A buy is for a candle close above the prev 2 candle closes 1 of which must have been a neg candle close i.e. a dip in uptrend.
Attached File(s)
File Type: mq4 Reversal_3bars_stochfilter (2).mq4   6 KB | 1,415 downloads
  • #7,226
  • Apr 18, 2016 4:41am Apr 18, 2016 4:41am
Quoting Vantage
{quote} I kinda thought so but lets see. After LO clear HL's for gu and gj. The 3 bar reversal indi showing the way with clear HL's. Pad noter was kind enough to do a filter above/below stoch 50 level, I use 12 12 1 as my short term direction bias. The arrows refer to the prev candle close. The prev 3 bar reversal indi had no filter and would drive a person crazy, this filter now works really well. {image} {image}
I thought gj was a clear test of range, sold off 153 between FO and LO, after LO came back up to test 153/MS3, small reaction lower then the HL http://www.vantagefx.blogspot.co.za/...-of-range.html and numerous other posts on test/break and test of range.
Attached Image (click to enlarge)
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  • #7,227
  • Apr 18, 2016 4:44am Apr 18, 2016 4:44am
Cheers back in a mo - well 6 months.
  • #7,228
  • Apr 18, 2016 6:39am Apr 18, 2016 6:39am
I was distracted and didn't take either of these. Often of the view that once LO has had its push then that will be it until an hour or so before US open. These moves lower are in the time slot. The 3 bar reversal has done its job and alerted to the possibility of a trade.

GJ stalled at W pivot and gave a LH, GU agreeing with a stall at the RN/D pivot area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY+M5.png Size: 33 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 35 KB
  • #7,229
  • Apr 19, 2016 5:18am Apr 19, 2016 5:18am
One of my earliest ideas was to trade shorter TF's following good 1hr candles. Still applies.

Here 1hr gj has a nice lower wick rejecting move lower and the 3 bar reversal indi highlights the HL see red line on 5 min.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY+H1.png Size: 37 KB
Click to Enlarge Name: GBPJPY+M5.png Size: 35 KB
  • #7,230
  • Apr 19, 2016 5:21am Apr 19, 2016 5:21am
Similar pic on gu, 1hr lower wick, 5 min HL and 3 bar reversal alerting.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD+H1.png Size: 37 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 34 KB
  • #7,231
  • Apr 19, 2016 5:24am Apr 19, 2016 5:24am
Dax was a little early for me this morning and it keep on running and I didn't try and chase it. 3 bar reversal indi signals early on in the move.
Attached Image (click to enlarge)
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  • #7,232
  • Apr 19, 2016 5:33am Apr 19, 2016 5:33am
So I am looking for closes above/below stoch 12 12 1, HL/LH's (3 bar reversal will signal most) with candles closed with little/no wick in direction of trade and price to go beyond the set up candle with a pip. First trade (that complies with rules) the best trade. There will of course be some HL/LH's that the alert will not sound as stoch 50 level hasn't crossed. But then I never said the alert was perfect (its just really good).
  • #7,233
  • Apr 21, 2016 4:00am Apr 21, 2016 4:00am
Was at the neuro surgeon this morning so no trades done. Did a brain scan and they found one whohoo. That bits a joke obviously but was at neuro surgeon this am for Mrs V's back issues.

5 min the 3 bar reversal signals a sell, lots of upper wicks around the D pivot 1.4354 area. 1 min red line shows the low after LO and a nice little test of the range, small retrace to set up the kind of LH entry talked about hundreds of times over the years.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD+M1.png Size: 44 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 34 KB
  • #7,234
  • Apr 21, 2016 4:05am Apr 21, 2016 4:05am
GJ chart. Looking for crosses of the 20lwma which is a HL/LH in its own right or the moves that follow http://www.vantagefx.blogspot.co.za/...ng-20lwma.html
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY+M5.png Size: 41 KB
  • #7,235
  • Apr 25, 2016 1:35am Apr 25, 2016 1:35am
Didn't trade Fri with trips to doc. Some nice trades signaled in the pre/early US period and then afterwards. Again the 3 bar reversal doing its job well (the arrow refers to the candle close to its left). Nice HL/LH's that occur when price (candle closes) crossing the 20lwma or those following the cross.

We have more doc trips today for injections into the spine so we'll see if we can get any trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY+M5.png Size: 30 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 32 KB
  • #7,236
  • Apr 25, 2016 5:25am Apr 25, 2016 5:25am
Yet another simple, robust and effective system right here that provides you with everything you need to achieve ALL your financial objectives.

Identify a trend, wait for pullbacks, cut your losses and let your winners run.

All you need right here.

No idea why people keep chasing after holy grails and adding endless layers of completely irrelevant complexity to what is really nothing but a simple probability game where you can never know the outcome of the individual trade, but still have a net profitable edge through the law of large numbers.

Btw, ouch, needle in the spine does not sound good ???
Trading is just a probability game.
  • #7,237
  • Apr 26, 2016 4:18am Apr 26, 2016 4:18am
Quoting DashRiprock
Yet another simple, robust and effective system right here that provides you with everything you need to achieve ALL your financial objectives. Identify a trend, wait for pullbacks, cut your losses and let your winners run. All you need right here. No idea why people keep chasing after holy grails and adding endless layers of completely irrelevant complexity to what is really nothing but a simple probability game where you can never know the outcome of the individual trade, but still have a net profitable edge through the law of large numbers. Btw,...
Cheers.

Yes extremely painful but the test injections worked so now to arrange the real thing. Think of it like injecting jam into a doughnut, we're injecting between the vertabrea to cushion them.
  • #7,238
  • Apr 26, 2016 4:22am Apr 26, 2016 4:22am
Another day another successful signaling of the 3 bar reversal http://www.forexfactory.com/showthre...22#post8878722 and of course there comes a point where you say hold on this thing works. GU nice HL, GJ more of a 2b entry but they both alerted on the 2nd candle after LO. Gave confidence that gbp had more than just gu moving.

It didn't get the dax LH reversal off 10375 but if you were watching live .............
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DAX30M5.png Size: 34 KB
Click to Enlarge Name: GBPJPY+M5.png Size: 36 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 30 KB
  • #7,239
  • Apr 26, 2016 4:36am Apr 26, 2016 4:36am
All the best with the treatment and hope it works.

:-)
Trading is just a probability game.
  • #7,240
  • Apr 26, 2016 4:41am Apr 26, 2016 4:41am
Quoting DashRiprock
All the best with the treatment and hope it works. :-)
Thanks .
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