Higher low, lower high system

[Paulirmcf]

Which pair to trade. All 4 pairs GU/GJ, EU/EJ had 3 pub sell signals on the close of the 12.05 or even 12.10 candles. Each of the setups were valid, double tops or lower highs, pairs agreeing. So which to trade? The red lines on the 1 minute charts for GJ and EJ show the close of this 5 min candle which had the 3 pub reversal signal along with the next 1 min lower high at 12.30 chart time. GJ's moving averages are a wreck, EJ gets the great angle and separation which I am looking for. image image image image

And the green and yellow lines mean?

[vctrgrr]

Which pair to trade. All four pairs GU/GJ, EU/EJ'd 3 bar sell signals on the near the 12.05 or 12.10 candles. Each of the setups were valid, double tops or reduced highs, pairs agreeing. So which to trade?

The red lines around the 1 minute charts for GJ and EJ show the close of this 5 min candle that had the 3 bar reversal signal along with the subsequent 1 min reduced high in 12.30 chart time. GJ's moving averages are a wreck, EJ has the great angle and separation which I am searching for.

[vctrgrr]

From left to right Dax with AO.

- X much left the candles beneath the X - yes reduced high, yes under ma but AO indiing up so no trade.
- left treble underside, 3 pub up signal, over ma, AO up, with no true retrace I fought to get entry off 1 minute so commerce.
- X middle initially above ma so no market, moves under ma but then AO suggests buy so no trade.
- once the AO does flip for sell with reduced high/double shirt, 3 pub market, under ma, 1 minute entry for little loss
- far right, higher low, 3 pub buy, AO buy and clean 1 minute higher lows followed.

3 legitimate set ups, two wins 1 little loss (could not get entry on the 1 winner however thats me). There were legitimate set ups elsewhere on the couple pairs I watch.

[vctrgrr]

With a good success rate with filtering trades together with all the Awesome Oscillator in conjunction with the standard higher low/lower high with all the three bar reversal signal buying above/selling under the moving averages.

DAX30 only after London open. The red line on 5 min demones where prerequisites are fulfilled (AO, 3 pub reversal sell, reduced high. The red line on 1 minute demones where the 5 minute setup candle sticks, the very next 1 min negative close confirms the reduced high for entrance only below 12275. Adequate angle and separation on the moving averages.

There are two signals emphasized on GBPJPY 5 minute, 9.10 and 9.45 chart time. GBPUSD was consenting moving in same way as GJ.

The 1 minute red line at 9.14 shows the closing of the 5 min candle, the reduced follows 6 minutes after, Entry only below 137.65, again notice the angle and separation on the moving averages.

The next setup is from 9.49 on the 1 minute which I didn't consider. There was no three bar reversal signal (that occurs occasionally as the 5 min stochastic was under the 50 level) and the 1 minute moving averages didn't possess the angle and separation I search for.

[vctrgrr]

Just as thing of curiosity. . V picked up on your weighted 20 and additional to Clives 10 and 35. .put me into a short in ASX200..also made me 15 pts at open this morn. . Employing same same on UDJY. . Watching 5m and 1. . No enter as yet image

[vanegil]

Just as matter of curiosity. . V picked up in your weighted 20 and added to 35 and Clives 10. .put me into a short in ASX200..also made me 15 pts at open this morn. . Employing identical same on UDJY. . Watching 1 and 5m. . No input as

[vctrgrr]

Missed this one just after US open but 5 minute LH, pa below ma, 3 bar reversal market signal, 1 minute ma cross, excellent ma angle and separation and 1st LH that follows just over 11975. Thats pretty much the trade principles, yes you can add in set up candle little or no lower wick for the market.

[vctrgrr]

As I see Clive popped in I will also affirm 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 a while. Or the very first entries after 1 min price cross of 100lwma (20 5 minutes). I use the 5 min 3 bar reversal as its price action based and highlights lots of HL/LH's.

[vctrgrr]

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 a while now trying to concentrate on a few set ups at a session.

[vanegil]

Is the 5 min preparing the move or can you trade 1 min as standalone? AO research proceeds http://www.vantagefx.blogspot.co.za As can be seen in the 5 min EJ AO is already gold prior to the green line, price goes over the 20lwma, last 3 bar reversal signal a buy, 1 min ma's cross and the first higher low following the cross has the tick mark. Note the angle and separation . Similar story with dax but AO blue for sells, move down occurs right after the 5 min 3 pub reversal sell signal. Subsequently GJ...

Bldy NICE ones V..