thread: Higher low, lower high system

Hello, couple of pics to make certain I am on the perfect path! Reduced top breaks ma with pink arrow and set up to look for 1min retrace back to ma for short gbpusd. Perhaps not the very best trading conditions with it being so slow but only trying to get the hang of it.

Thanks dabs

HI ,

Great Articles thanks a lot. How would you proceed with a daily downtrend and hourly uptrend and 4h likely down as well? Looking at eurousd today.

cheers
dabs

quote So sorry I only saw this today. As you can gather I have not been active. No I don't generally exit half and allow run but it does happen from time to time, it is the exception not the rule. I still use the greater TF charts to get a view of trend and possible SR levels. Not using divergence any more. I'll take 5 min trades if CT to D view because the cross of the lwma in most cases provides the type of time wait for change of trend to have a fair opportunity to work. Todays Dax is as good an example as any. We gapped up into the area of...

Hope you are doing well , I was imagining my query may have mist you.
Your chart makes complete sense, thank you very much for your clear explanation.

This afternoon following LO in case you did buy the GJ HL that has been a losing trade. GU was not really confirming since it could not 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 with no GU confirming is whether TT indi from Clives easy as abcd is revealing jpy strength/weakness across the board. Having said that I cannot recall the last GJ trade I took with no GU agreeing.

-- Above all, I hope that your neurosurgeon has worked wonders at your house! I understand this forum is mainly quiet now, but there is nothing quiet about your content that's simple, logical and clearly profitable. Thank you for your very clear presentation and many examples. I'm sure if you fully knew the degree of benefit to other traders it would be gratifying. I hope you will at least occasionally check in and provide a current chart or 2. With appreciation, FS

Thanks for the kind words, the concept is to keep things going.

Thanks for your response, it's extremely helpful info. Recently I have been promoting 50% at 1:1 and allowing the remainder, just so I'm save. Is this something that you do or would you always let your entire 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 principal trend, until you take these trades in the M5/M1? -I read that you don't take counter trend trades, but you have to see apparent S/R levels and divergence, will you take counter...

So sorry I just saw this now. As you can gather I haven't been active.

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

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

Didn't show 1hr but if you're after that lots of upper wicks confirming the suggestion sellers were around before/after LO.

--

Above all, I hope that your neurosurgeon has worked miracles at your house!

I know this forum is mainly quiet today, but there's nothing quiet about your content which is simple, logical and clearly successful.

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

I trust you will at least occasionally check in and provide a current chart or two.

With appreciation, FS

It is extremely useful information. Lately I have been promoting 50% at 1:1 and letting the rest run, just so I'm save. Is this something that you do or would you always let your entire position run to your target?

I have a few questions, I hope you don't mind:
-Would you still reevaluate the Daily (using the 50 percent RSI and 8 LWMA) to ascertain the principal trend, before you take these trades from the M5/M1?
-I read that you don't take counter trend trades, but you need to see apparent S/R amounts and divergence, will you take counter trend trades when you have divergence on a minimum of the H1 period frame?

Made some other articles here http://vantagefx.blogspot.co.za/ did not exchange at all this morning simply got to pc. Continue to be amazed at the quality signals the 3 bar reversal is providing in and around the 20lwma.

Focused more on GJ these days than GU. The blue regions highlight the HL/LH's in and around the 20lwma and white arrows where the previous 3 pub reversal signaled.

doesn't 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 minute reveal clean lh's and also my favorite small retrace, both pairs agreeing nice affirmation.