thread: Higher low, lower high system

The hammer question. The pattern recognition just gives amounts to hammers based on size of human anatomy, upper/lower wicks, a HMR 4 or 2 has no bearing on trades.

Great price action trading.
What's M2/M4 ? And what are the numbers alongside stars and hammers? 2,3,4? What's the difference?
So basicly if I know you every hour you look just for one direction long or short depending on the closing of prior hour (lower or higher close) not taking into consideration the direction of this trend in larger TF (4 hr, daily)?

M2 M4 are only 2 of the pivots and show possible areas that price may strike during the course of their day. I really don't place any reliance for looking at trades on this.

If the 1 hr setup candle only happens to be in the course of the daily tendency good, I will correct my profit expectations up so. I really don't avoid trades if the 1 hr candle is moving against the daily tendency. The 3 currencies I exchange move sufficient to accomodate counter (into the daily) trend trades.

As long as the hourly closes are staying favorable for buys, negative for sells I will either stay in targeting another pivot/round number for an exit, or reevaluate on following higher low/lower high if I did shoot profits.

Of course a higher low/lower high on 5 min chart which goes against my commerce is a signal to get out, as would a close on the other side off the 5 ema.

Fantastic price action trading.
What is M2/M4 ? And what are the figures alongside hammers and celebrities? 2,3,4? What is the difference?
So basicly if I understand you each hour that you look only for one direction long or short depending on the final of prior hour (lower or higher near) not taking into consideration the management of the tendency in bigger TF (4 hr, daily)?

The first post is looking to loe the fad for daily. Once price has moved around 100 pips eurusd and gbpusd can have good counter trend trade bounces off round numbers and pivots.

This morning gbpusd fell 100 pips to the central pivot, bounced, had a higher low just above 1.8500. I look off 5 and one min charts.

DAX 5 minutes 75/10 cross image

I use 15 on 5 minutes and 10/75 about 1 min.

For goodness sake (trying not to swear) I missed the GU move down before, sat and watched DAX for just how long waited through the chop. Got a transfer to the lows, 1 favorable close but upper wick, there was not large volume on that candle, so when the non failed got in. Clearly my changed stop and TP settings on the TM which I changed are not perfect. Not a happy chappie right now. OK $50 is $50 however mannnnnnnn!!!!

DAX 5 minutes 75/10 cross

quote Hi Dave Probably should not of posted it here, should be on the simpler is impossible thread, but the charts are so sterile thought I'd just share it with you as you've helped me in the past. . .By the method by which in which the trade manager works on Renko charts too where its really useful when trying to ch a quick move and place a pending order with only a push of a button. Catch up after....

Its all good Clive, cheers.

Hi Clive, Danc Clive I'll have another look at the Renko with your trade assistant. The TM one click ea submitted on your ribbon is very good by the way. Will touch base soon. Danc some nice trades there. I saw a lower high you emphasized before the 10/75 cross which is of course fine that the 75 (5 minutes 15) just gives a good general basis for transactions.

Hi Dave

Probably shouldn't of posted it should be about the more simple is impossible thread, however, the charts are so clean thought I'd just share it with you while you've helped me previously. . .By the method by which in which the trade manager functions on Renko charts too where its very useful when attempting to ch a quick move and put a pending order with just a push of a button.

Grab up later...

Hi Clive, Danc

Clive I Will have another look at the Renko with your Commerce Helper. The TM one click ea submitted on your thread is fantastic by the way. Can touch base soon.

Danc some nice trades there. I saw a lower high you emphasized before the 10/75 cross that is of course fine the 75 (5 min 15) only gives a fantastic general foundation for transactions.