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Higher low, lower high system

  • #7,301
  • Jun 11, 2016 7:51am Jun 11, 2016 7:51am
Thanks again for your answer, it is very useful information. Recently I have been selling 50% at 1:1 and letting the rest run, just so I am save. Is this something you do or do you always let your full position run to your target?

I have a couple of more questions, I hope you don't mind:
-Do you still analyse the Daily (with the 50% RSI and 8 LWMA) to determine the main trend, before you take these trades from the M5/M1?
-I read that you do take counter trend trades, but you need to see clear S/R levels and divergence, will you only take counter trend trades when you have divergence on a minimum of the H1 time frame?
  • #7,302
  • Aug 1, 2016 7:08am Aug 1, 2016 7:08am
Vantage --

Most importantly, I hope your neurosurgeon has worked wonders at your house!

I know this forum is largely quiet now, but there is nothing quiet about your content which is simple, logical and obviously successful.

Thank you for your very clear presentation and numerous examples. I'm sure if you fully knew the extent of benefit to other traders it would be gratifying.

I hope you will at least occasionally check in and offer a current chart or two.

With appreciation, FS
  • #7,303
  • Aug 1, 2016 7:23am Aug 1, 2016 7:23am
Quoting Flexo
Thanks again for your answer, it is very useful information. Recently I have been selling 50% at 1:1 and letting the rest run, just so I am save. Is this something you do or do you always let your full position run to your target? I have a couple of more questions, I hope you don't mind: -Do you still analyse the Daily (with the 50% RSI and 8 LWMA) to determine the main trend, before you take these trades from the M5/M1? -I read that you do take counter trend trades, but you need to see clear S/R levels and divergence, will you only take counter...
So sorry I only saw this now. As you can gather I have not been active here.

No I don't generally exit half and let run but it does happen from time to time, it is the exception not the rule.

I still use the higher TF charts to get a view of trend and potential SR levels. Not using divergence any more. I will take 5 min trades if CT to D view as the cross of the lwma in most instances gives the kind of time delay for change of trend to have a reasonable chance to work. Todays Dax is as good an example as any. We gapped up to the area of the April highs and from there the 5 min gave a series of lower highs.

Didn't show 1hr but if you were following that lots of upper wicks confirming the suggestion sellers were around before/after LO.
Attached Image(s) (click to enlarge)
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  • #7,304
  • Aug 1, 2016 7:24am Aug 1, 2016 7:24am
Quoting Forest-Sea
Vantage -- Most importantly, I hope your neurosurgeon has worked wonders at your house! I know this forum is largely quiet now, but there is nothing quiet about your content which is simple, logical and obviously successful. Thank you for your very clear presentation and numerous examples. I'm sure if you fully knew the extent of benefit to other traders it would be gratifying. I hope you will at least occasionally check in and offer a current chart or two. With appreciation, FS
Thanks for the kind words, the idea is to keep things going.
  • #7,305
  • Aug 1, 2016 7:30am Aug 1, 2016 7:30am
This morning after LO if you did buy the GJ HL that was a losing trade. GU wasn't really confirming as it couldn't close above its lwma. The sells that followed with LH's GU/GJ confirming would have more than made up for any GJ loss.

The only time I'll trade GJ without GU confirming is if TT indi from Clives simple as abcd is showing jpy strength/weakness across the board. Having said that I still cannot remember the last GJ trade I took without GU agreeing.
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  • #7,306
  • Aug 3, 2016 5:48am Aug 3, 2016 5:48am
Quoting Vantage
{quote} So sorry I only saw this now. As you can gather I have not been active here. No I don't generally exit half and let run but it does happen from time to time, it is the exception not the rule. I still use the higher TF charts to get a view of trend and potential SR levels. Not using divergence any more. I will take 5 min trades if CT to D view as the cross of the lwma in most instances gives the kind of time delay for change of trend to have a reasonable chance to work. Todays Dax is as good an example as any. We gapped up to the area of...
Hope you are doing well Vantage, I was guessing my question might have mist you.
Your chart makes absolute sense, thank you very much for your clear explanation.
  • #7,307
  • Aug 15, 2016 2:27am Aug 15, 2016 2:27am
HI Vantage,

Great posts thanks a lot. How would you go with a daily downtrend and hourly uptrend and 4h probably down as well? Just looking at eurousd today.

cheers
dabs
  • #7,308
  • Aug 15, 2016 4:06am Aug 15, 2016 4:06am
Hello, couple of pics to make sure I am on the right path! Lower high breaks ma with pink arrow and set up to look for 1min retrace back to ma for short gbpusd. Not the best trading conditions with it being so slow but just trying to get the hang of it.

thanks dabs
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  • #7,309
  • Oct 31, 2016 5:10am Oct 31, 2016 5:10am
OP are you running any YT channel?
I Win, I Lose, It's my Job... And I Love it!
  • #7,310
  • Dec 28, 2016 11:10am Dec 28, 2016 11:10am
hello VANTAGE i am confused on the first page u talk about dax 15 lwma then u say take trades at the 20lwma ..is this correct??? CAN ANYONE TELL ME IF THIS IS CORRECT??
  • #7,311
  • Dec 28, 2016 10:35pm Dec 28, 2016 10:35pm
Quoting bettervolume
hello VANTAGE i am confused on the first page u talk about dax 15 lwma then u say take trades at the 20lwma ..is this correct??? CAN ANYONE TELL ME IF THIS IS CORRECT??
Dax 15lwma and stoch 9 9 1 for the 3 bar reversal alert. I had 20lwma on currencies but switched to 15 also.

I did fix the 20lwma/15lwma typo in same sentence in 1st post. Sorry for that confusion.
  • #7,312
  • Feb 23, 2017 3:25am Feb 23, 2017 3:25am
I have shrunk the charts just to give a clearer picture of support. I have also added the awesome oscillator and shown for first time (been researching a little while) more on that later.

GU this morning had some support in the Asian session at M2 1.2430 area and GJ also at M2. Clearly seen from the charts. GU has a 3 bar reversal buy at the Frankie half hour reversal time, (thanks again for that one Islander) with a 5 min higher low off the M2 Asian lows. Just after that GJ rejects its M2 but no 3 bar reversal candle (wasn't above Stoch 9 9 1 50 level).

I have been looking at AO as a filter and not buying when AO blue and not selling when AO gold. Does this cause some trades to be missed - yes of course. Does it avoid some losing trades - yes of course. This morning the GU higher low around 1.2472 and GJ around 141.18, AO turned blue for both so no continuation trades were considered.

The red line on GJ 1 min shows the first higher low entry after GU 5 min set up (higher low, 3 bar reversal buy signal), GJ agreeing with move up on 5 min, AO both gold. http://vantagefx.blogspot.co.za/
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  • #7,313
  • Feb 23, 2017 3:38am Feb 23, 2017 3:38am
Asked if I'm not going to the dark side with indicators , I don't think so .

The stoch is there purely for the 3 bar reversal indi to work so the audible alerts sound. I don't look at it at all so give it no consideration. I do look at above/below ma's as a trend filter (however short term that may be on these time frames). I have been toying with AO looking at divergence and buy sell agreement (gold buy, blue sell) for existing system (essentially dble top/btm, HL/LH, buy above/sell below ma's, little/no wick in direction of trade off 5 min then going to 1 min for entry).

Don't consider that indi overload.
  • #7,314
  • Feb 23, 2017 3:40am Feb 23, 2017 3:40am
Quoting Vantage
Asked if I'm not going to the dark side with indicators , I don't think so . The stoch is there purely for the 3 bar reversal indi to work so the audible alerts sound. I don't look at it at all so give it no consideration. I do look at above/below ma's as a trend filter (however short term that may be on these time frames). I have been toying with AO looking at divergence and buy sell agreement (gold buy, blue sell) for existing system (essentially dble top/btm, HL/LH, buy above/sell below ma's, little/no wick in direction...
So not relying on AO to take the traditional AO trades, saucer, zero level cross etc.
  • #7,315
  • Feb 23, 2017 4:09am Feb 23, 2017 4:09am
I don't trade the Asian session but applying system with AO filter. X = no trades tick = valid set ups.

Reading between the lines with either cross or ticks. From left to right would be:

- cross far left, higher low, 3 bar buy signal, above ma but AO blue so no buy. There was 1 gold candle and AO bar but no valid entry and then AO went blue again.
- tick far left, lower high, 3 bar sell signal, below ma, AO blue price trades below the set up candles (which have little/no lower wicks)
- tick middle, higher lows, 3 bar buy signal, above ma, AO gold price trades above set up candle (little upper wick)
- cross right, blue AO so no buys, price above ma so no sells with blue AO
- tick right, lower high, 3 bar sell signal, below ma, AO blue price trades below set up candle (little/no lower wick)

Hopefully this gives clear picture.
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  • #7,316
  • Feb 23, 2017 4:19am Feb 23, 2017 4:19am
Quoting Vantage
I don't trade the Asian session but applying system with AO filter. X = no trades tick = valid set ups. Reading between the lines with either cross or ticks. From left to right would be: - cross far left, higher low, 3 bar buy signal, above ma but AO blue so no buy. There was 1 gold candle and AO bar but no valid entry and then AO went blue again. - tick far left, lower high, 3 bar sell signal, below ma, AO blue price trades below the set up candles (which have little/no lower wicks) - tick middle, higher lows, 3 bar buy signal, above ma, AO gold...
And the advantages of indi's is shown in that you can have a fact based rules back test to see if method viable.
  • #7,317
  • Feb 23, 2017 6:55am Feb 23, 2017 6:55am
I wasn't in front of the computer for this move up but I do like the pre/early US open time.

GU GJ agreeing, higher lows, both have 3 bar reversal buy signals, above ma's, AO agreeing.
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  • #7,318
  • Mar 9, 2017 1:45am Mar 9, 2017 1:45am
Not every day is as good as this but the 3 bar reversal did an excellent job of catching the double tops/bottoms/higher lows lower highs around the turns/cross of the 15LWMA (ooops originally posted 10LWMA). See the London open green line and the red lines 12.40, 14.35 and 16.50. Again the white arrows refer to the close of the previous candle. http://vantagefx.blogspot.co.za/

After getting a signal the bias is to trade in that direction.

The unmarked red line is the US open.
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  • #7,319
  • Mar 9, 2017 2:28am Mar 9, 2017 2:28am
Did not consider the HL 11931 area, closed candle entry 11937 ish. 75lwma headed down, ma's not stacked right, the HL happened below the ma's. There are better set ups out there, if it went I'd be happy with the leave.
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  • #7,320
  • Mar 14, 2017 3:37am Mar 14, 2017 3:37am
Is the 5 min setting up the move or can you trade 1 min as standalone? AO research continues www.vantagefx.blogspot.co.za

As can be seen from the 5 min EJ AO is already gold before the green line, price moves above the 20lwma, last 3 bar reversal signal a buy, 1 min ma's cross and the first higher low after the cross has the tick mark. Note the angle and separation on the ma's. Similar story with dax but AO blue for sells, move down happens right after the 5 min 3 bar reversal sell signal. Then GJ shows the poor 1 min ma angle and separation, AO had turned blue for sells on 5 min.
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