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Higher low, lower high system

  • #7,321
  • Mar 14, 2017 3:41am Mar 14, 2017 3:41am
I am choosing to trade the 1 min after 5 min signals fall into place. The above 1 min charts do show clearly the differences between the EJ/Dax good angle/separation and GJ's poor ma angle and separation. Will angle and separation keep you out of some winning trades, again yes of course but it will also keep you out of many false signals.
  • #7,322
  • Mar 14, 2017 6:03am Mar 14, 2017 6:03am
Quoting Vantage
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...
Bldy NICE ones V..
  • #7,323
  • Mar 14, 2017 6:07am Mar 14, 2017 6:07am
Quoting danc
{quote} Bldy NICE ones V..
Cheers Danc. I tried a high number of trades on Dax and it just didn't work for me. Back for some time now trying to focus on a couple of set ups in a session.
  • #7,324
  • Mar 14, 2017 6:11am Mar 14, 2017 6:11am
As I see Clive popped in I'll also confirm again a fair bit is normal higher low/lower high stuff as is the norm here, but 1st trade after ma cross was used a lot on Clives abcd thread for some time. Or the first entries after 1 min price cross of 100lwma (20 5 min). I still use the 5 min 3 bar reversal as its price action based and highlights lots of HL/LH's.
  • #7,325
  • Mar 14, 2017 7:17am Mar 14, 2017 7:17am
Missed this one just after US open but 5 min LH, pa below ma, 3 bar reversal sell signal, 1 min ma cross, good ma angle and separation and 1st LH that follows just above 11975. Thats pretty much the trade rules, yes you could add in set up candle little or no lower wick for the sell.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: DAX30M1.png Size: 32 KB
  • #7,326
  • Mar 15, 2017 8:06pm Mar 15, 2017 8:06pm
Just as matter of interest..V picked up on your weighted 20 and added to Clives 10 and 35..put me into a short in ASX200..also got me 15 pts at open this morn.. using same same on UDJY.. watching 5m and 1.. no enter as yet
Attached Image (click to enlarge)
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  • #7,327
  • Mar 15, 2017 11:48pm Mar 15, 2017 11:48pm
Quoting danc
Just as matter of interest..V picked up on your weighted 20 and added to Clives 10 and 35..put me into a short in ASX200..also got me 15 pts at open this morn.. using same same on UDJY.. watching 5m and 1.. no enter as yet {image}
  • #7,328
  • Apr 5, 2017 4:20am Apr 5, 2017 4:20am
Having a good success rate with filtering trades with the Awesome Oscillator in conjunction with the normal higher low/lower high with the 3 bar reversal signal buying above/selling below the moving averages.

DAX30 just after London open. The red line on 5 min shows where requirements are met (AO, 3 bar reversal sell, lower high. The red line on 1 minute shows where the 5 minute set up candle closes, the very next 1 min negative close confirms the lower high for entry just below 12275. Decent angle and separation on the moving averages.

There are two signals highlighted on GBPJPY 5 minute, 9.10 and 9.45 chart time. GBPUSD was agreeing moving in same direction as GJ.

The 1 minute red line at 9.14 shows the close of the 5 min candle, the lower high follows 6 minutes later, Entry just below 137.65, again note the angle and separation on the moving averages.

The next set up is from 9.49 on the 1 minute which I did not consider. There was no 3 bar reversal signal (that happens sometimes as the 5 min stochastic was below the 50 level) and the 1 minute moving averages did not have the angle and separation I look for.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: DAX30M5.png Size: 35 KB
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  • #7,329
  • Apr 6, 2017 6:44am Apr 6, 2017 6:44am
From left to right Dax with AO.

- X far left the candles below the X - yes lower high, yes below ma but AO suggesting up so no trade.
- left treble bottom, 3 bar up signal, above ma, AO up, with no real retrace I struggled to get entry off 1 min so trade.
- X middle initially above ma so no sell, moves below ma but then AO suggests buy so no trade.
- when the AO does turn for sell with lower high/double top, 3 bar sell, below ma, 1 min entry for small loss
- far right, higher low, 3 bar buy, AO buy and clean 1 min higher lows followed.

3 valid set ups, 2 wins 1 small loss (couldn't get entry on the 1 winner but thats me). There were valid set ups elsewhere also on the few pairs I watch.
Attached Image (click to enlarge)
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  • #7,330
  • Apr 12, 2017 6:25am Apr 12, 2017 6:25am
Which pair to trade. All 4 pairs GU/GJ, EU/EJ had 3 bar sell signals on the close of either the 12.05 or 12.10 candles. All the set ups were valid, double tops or lower highs, pairs agreeing. So which to trade?

The red lines on the 1 min charts for GJ and EJ show the close of the 5 min candle that had the 3 bar reversal signal and the next 1 min lower high at 12.30 chart time. GJ's moving averages are a mess, EJ has the nice angle and separation that I am looking for.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY+M1.png Size: 41 KB
Click to Enlarge Name: EURJPY+M5.png Size: 36 KB
Click to Enlarge Name: GBPJPY+M1.png Size: 40 KB
Click to Enlarge Name: GBPJPY+M5.png Size: 37 KB
  • #7,331
  • Apr 18, 2017 10:35am Apr 18, 2017 10:35am
Quoting Vantage
Which pair to trade. All 4 pairs GU/GJ, EU/EJ had 3 bar sell signals on the close of either the 12.05 or 12.10 candles. All the set ups were valid, double tops or lower highs, pairs agreeing. So which to trade? The red lines on the 1 min charts for GJ and EJ show the close of the 5 min candle that had the 3 bar reversal signal and the next 1 min lower high at 12.30 chart time. GJ's moving averages are a mess, EJ has the nice angle and separation that I am looking for. {image} {image} {image} {image}
And the yellow and green lines mean?
Read in between the price!!!
  • #7,332
  • Apr 18, 2017 1:58pm Apr 18, 2017 1:58pm
Quoting calebfx
{quote} And the yellow and green lines mean?
Frankfurt + London opens.
  • #7,333
  • Apr 26, 2017 4:39am Apr 26, 2017 4:39am
Took a massive amount of stick on another thread (trader with 5 years in but no success and no still system) from some guy. Oh well cannot please everyone.

But virtually every day after LO.

So whats system, lower highs (obviously) GJ/EJ agreeing (from 5 min charts - lower highs, below ma's, 3 bar signal down, AO blue down, pairs agreeing, little/no lower wick for sell) and this time GU/EU also agreeing but AO gold up. Because of GU/EU AO suggesting up the focus is on GJ/EJ and if all OK I normally go for GJ before EJ. Added 1 minute chart great angle and separation if you wanted to time entry.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY+M5.png Size: 33 KB
Click to Enlarge Name: EURUSD+M5.png Size: 32 KB
Click to Enlarge Name: GBPJPY+M5.png Size: 36 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 36 KB
Click to Enlarge Name: GBPJPY+M1.png Size: 35 KB
  • #7,334
  • Apr 27, 2017 3:11am Apr 27, 2017 3:11am
Quoting Vantage
Took a massive amount of stick on another thread (trader with 5 years in but no success and no still system) from some guy. Oh well cannot please everyone. But virtually every day after LO. So whats system, lower highs (obviously) GJ/EJ agreeing (from 5 min charts - lower highs, below ma's, 3 bar signal down, AO blue down, pairs agreeing, little/no lower wick for sell) and this time GU/EU also agreeing but AO gold up. Because of GU/EU AO suggesting up the focus is on GJ/EJ and if all OK I normally go for GJ before EJ. Added 1 minute chart great...
Wouldnt worry too much about that V.. i did see it and crossed my mind to comment..BUT whats the point.. ?? this forum is full of em..all masters of universe..your method and explanation is clean and simple.. if you have one fault you give too much.. bldy lot more than i..Thats for sure..
  • #7,335
  • Apr 27, 2017 4:26am Apr 27, 2017 4:26am
Quoting danc
{quote} Wouldnt worry too much about that V.. i did see it and crossed my mind to comment..BUT whats the point.. ?? this forum is full of em..all masters of universe..your method and explanation is clean and simple.. if you have one fault you give too much.. bldy lot more than i..Thats for sure..
Cheers Danc.
  • #7,336
  • Apr 28, 2017 3:44am Apr 28, 2017 3:44am
Its a long weekend here so not traded just posting this to show yet again the rules.

Pairs agree (GJ/GU just after LO green line)
Above ma's
3 bar buy signal close of 10.10 chart time candle
AO agree (on last closed candle)
Little no upper wick on 5 min set up candle.
1 min charts, GJ ma angle + separation better than GU, arrow up shows where entry would have been in terms of system.
Stop would be just below the last swing low off 1 min charts 143.47 area, exit likely target the RN
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY+M5.png Size: 32 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 31 KB
Click to Enlarge Name: GBPJPY+M1.png Size: 34 KB
Click to Enlarge Name: GBPUSD+M1.png Size: 32 KB
  • #7,337
  • Apr 28, 2017 3:52am Apr 28, 2017 3:52am
And why not EJ above ma, 10.30 chart time candle has a 3 bar up signal. Well AO was blue for sell and ma's on 1 min a mess. EU AO also blue for sell. The arrow up shows where entry would have been on close of 5 min set up candle.

Oh forgot to mention before, looking for initial trade off 5 min set up where price first crosses 5 min 20lwma.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY+M5.png Size: 32 KB
Click to Enlarge Name: EURJPY+M1.png Size: 36 KB
  • #7,338
  • Edited 5:02am May 4, 2017 4:51am | Edited 5:02am
This is a copy of wording from 1st post that describes the trade rules from the charts posted from May 2016 (the only real change now is the addition of the AO):

"Typically we like candles with little/no wick in the direction of the trade. Stops: Last swing high/low. Exits: Up to you. On GJ if LO has a failed move in one direction then the opposite direction should have a solid move. 50 pips on GJ common to target pivots, SR areas and 50/100 levels.

See the attached GJ chart with the blue rectangles. In and around LO, first trade around the lwma cross, HL, GU agreeing, little/no upper wick buy area 161.50. About 90 minutes after LO, lwma cross, LH, GU agreeing, little/no lower wick, sell area 161.88."

So to apply the rules to this morning GJ/GU agreeing, HL, in and around LO and lwma cross, AO agreed, little/no upper wick on set up candle. In this case the trade is around 144.90.
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
  • #7,339
  • May 4, 2017 4:53am May 4, 2017 4:53am
If you like EU/EJ same set up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY+M5.png Size: 30 KB
Click to Enlarge Name: EURUSD+M5.png Size: 31 KB
  • #7,340
  • May 4, 2017 5:13am May 4, 2017 5:13am
It does happen with DAX more than FX pairs it seems. Here AO signaled around R2 '75 level well after the lwma cross 12550 area. In todays case there were successful fx options at the same so so what the heck.
Attached Image (click to enlarge)
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