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Higher low, lower high system

  • #7,261
  • Apr 29, 2016 3:49am Apr 29, 2016 3:49am
I still look at Clives simple as ABCD top 8 indi for family strength/weakness across pairs. When gbp signaled a buy around LO there wasn't any general strength on gbp crosses so I left. GJ and GU then gave sell signals.

2 other often mentioned things:

GU 1 min, used to time entry after 5 min signal. Red line was the LO low, test of lower range small retrace nice LH signal.
After a quick move 70 or so pips in/around LO thats often it for a while until pre US, so done for now.
Attached Image(s) (click to enlarge)
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  • #7,262
  • Apr 29, 2016 3:58am Apr 29, 2016 3:58am
Quoting Vantage
Red line was the LO low, test of lower range small retrace nice LH signal. After a quick move 70 or so pips in/around LO thats often it for a while until pre US, so done for now. {image} {image} {image}
Just for emphasis, LO jumped from 4634 area, so if buyers genuine at that level when price came down why no solid move up? Instead small retrace for the LH.
  • #7,263
  • Apr 29, 2016 8:39am Apr 29, 2016 8:39am
Because of the high correlation with gj I have added ej into the mix. At the US open red line neither gu/gj above 1.5650 signaled but ej did (2 candles earlier). The idea is to focus on gj though with ej agreement. Adding ej might just add to the chances of the 3 bar reversal signaling, looking at same set ups but signals now from the 3 pairs.
Attached Image(s) (click to enlarge)
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  • #7,264
  • May 2, 2016 7:49am May 2, 2016 7:49am
V.. Have you done much work on the CCI ?? and if so do you agree with Clives thinking on it..??.. I know you use a bar CCI or candle CCI .. do you really think its superior to the line??
  • #7,265
  • May 2, 2016 1:29pm May 2, 2016 1:29pm
Quoting danc
V.. Have you done much work on the CCI ?? and if so do you agree with Clives thinking on it..??.. I know you use a bar CCI or candle CCI .. do you really think its superior to the line??
Hi Danc

No not done work recently. Not using the cci on 1 min just volume. The bars might just be an easier visual when the cci has turned.
  • #7,266
  • May 3, 2016 3:32am May 3, 2016 3:32am
Quoting Vantage
{quote} Hi Danc No not done work recently. Not using the cci on 1 min just volume. The bars might just be an easier visual when the cci has turned.
Vol on min Hey..MMM thks
  • #7,267
  • May 3, 2016 3:39am May 3, 2016 3:39am
High vol after a run down would be a good place to consider TP or tightening stops. More aggressive traders (or those much better than me) could look for CT bounces or signs of turns. I typically would look for signs of pause and continuation i.e. usually expecting trend to continue. 5 min only now signalling possible turn so wouldn't have considered the previous CT bounces.
Attached Image(s) (click to enlarge)
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  • #7,268
  • May 3, 2016 3:45am May 3, 2016 3:45am
Quoting Vantage
High vol after a run down would be a good place to consider TP or tightening stops. More aggressive traders (or those much better than me) could look for CT bounces or signs of turns. I typically would look for signs of pause and continuation i.e. usually expecting trend to continue. 5 min only now signalling possible turn so wouldn't have considered the previous CT bounces. {image} {image}
I look for agreement on Dow also and that is not suggesting buy yet. Had a DB and potentially another coming, TWT.

Not an expert at all on vol but know just enough to be dangerous.
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  • #7,269
  • May 3, 2016 3:48am May 3, 2016 3:48am
If you are interested in looking at vol on 1 min check out Islanders posts.
  • #7,270
  • May 3, 2016 4:16am May 3, 2016 4:16am
Here vol kicks in twice on the moves up to 9975 and not the 9950 lows, perhaps suggesting some more downside to come. Lots of vol coming in above the last move 9925 suggesting the 200 odd pip move down today has run its course. For now at least.
Attached Image (click to enlarge)
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  • #7,271
  • May 3, 2016 4:17am May 3, 2016 4:17am
Quoting Vantage
Here vol kicks in twice on the moves up to 9975 and not the 9950 lows, perhaps suggesting some more downside to come. Lots of vol coming in above the last move 9925 suggesting the 200 odd pip move down today has run its course. For now at least. {image}
But there is no crystal ball so high vol is just a warning. As always whats the reaction to the higher vol?
  • #7,272
  • May 3, 2016 7:10am May 3, 2016 7:10am
Whilst the early action was all Dax some nice 3 bar reversal signals (link to indi on page 1) when move up failed. Again the hour or so before US open good for currencies.
Attached Image(s) (click to enlarge)
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  • #7,273
  • May 3, 2016 7:36pm May 3, 2016 7:36pm
MMM Thks,...just sitting here at mo watching it on ASX 200.. looks like the vol is there to push up..off support.. will wait for 123 thou certainly am very interested thou
  • #7,274
  • May 5, 2016 4:01am May 5, 2016 4:01am
Changed Dax to stoch 9 9 1 for the 3 bar reversal alert. Chart attached, the red lines refer to the first signals that apply to direction changes. Looks pretty good.

Still using 12 12 1 for currencies.
Attached Image (click to enlarge)
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  • #7,275
  • May 5, 2016 4:05am May 5, 2016 4:05am
The other notable thing on dax this morning was the bounce off the 12/13 April gap that was closed.
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  • #7,276
  • May 5, 2016 5:06am May 5, 2016 5:06am
Wasn't in front of computer for this one but a very nice signal off the double top.
Attached Image (click to enlarge)
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  • #7,277
  • May 5, 2016 5:33am May 5, 2016 5:33am
My attention was elsewhere. Neither gu or gj signaled here. But ej did and if you were then looking at gj/gu charts the 1 min set up looked pretty clean. The red line on 1 min shows where the ej 5 min would have closed. Clean lh's follow.
Attached Image(s) (click to enlarge)
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  • #7,278
  • May 5, 2016 5:35am May 5, 2016 5:35am
GU just as clean. Looking for the 1 min lh/hl's after 5 min signal.
Attached Image (click to enlarge)
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  • #7,279
  • May 11, 2016 2:44am May 11, 2016 2:44am
Does not get cleaner than this. Both gj and gu signal 3 bar reversals just before LO (green line). GJ multiple tops below the D pivot, gu marginally lower highs. 1 min show clean lh's and my preferred small retrace, both pairs agreeing nice confirmation.
Attached Image(s) (click to enlarge)
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  • #7,280
  • May 26, 2016 4:22am May 26, 2016 4:22am
Made some other posts here http://vantagefx.blogspot.co.za/ did not trade at all this morning just got to computer. Continue to be amazed at the quality signals the 3 bar reversal is giving in and around the 20lwma.

Focused more on GJ these days than GU. The blue areas highlight the HL/LH's in and around the 20lwma and white arrows where the previous 3 bar reversal signaled.
Attached Image(s) (click to enlarge)
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