Yes the large upper wick on D suggests rejection of move up, the 1hr engulfing negative close suggests move lower. All reasons why I was happy to be selling this morning in addition to the aud strength across many pairs.

Higher low, lower high system

Forgot to say that I use this simple idea (with some tweaks from Clives simple as abcd thread) as the basis for trading off 1 min charts.

Higher low, lower high system

Yes exited +60 and +58.

Higher low, lower high system

Gold was making lower highs and lower lows, so what had you convinced it would move up from there?

Higher low, lower high system

Asim looking at the simple idea I suggested you have a look at yesterday on 5 min charts with a 25lwma. Keeping these rules in mind: - Cross and close other side of lwma, - lower high that follows, - agreement across pairs. 6 main pairs to look at, ...

Higher low, lower high system

Hi Clive Might well be now. I also had platform slow down dramatically and was deleting about 15 templates no longer used and missed the gbp weakness across the board. Showing the TT as its a great example of how pairs get in a flow (compare with ...

Trading is as simple as ABCD

Exited +58. The 2nd TT screenshot shows how the eur was getting weaker against other pairs and aud stayed strong (against gbp and eur).

Trading is as simple as ABCD

Have two sells now. EURAUD and GBPAUD still top 2 on TT. EURNZD and GBPNZD now joined the party (no idea why theres a correlation with nzd and aud but moves seem to be good when they do) and theres other eur weakness around.

Trading is as simple as ABCD

Break a leg. I am selling euraud this morning in two trades.

Higher low, lower high system

In euraud sell 1.4523, at the time no 1 on TT with gbpaud 2nd and aud featuring strongly across the board. Will post charts if plays out with move below 1.45.

Trading is as simple as ABCD

Hi dee Not sure how much you have read the thread. Almost as important as gbpcad at the top of the TT is that on your screenshot cad has 5 of 8, so it was strength across the board.

Trading is as simple as ABCD

Dee50 Welcome, you're a class act and I'll be interested to read your contributions.

Trading is as simple as ABCD

The concept of a failed move in one direction then a move in the other in and around LO (green line) will work on 5 min. Instead of trying to capture every trade at the extreme put a 25lwma on 5 min chart and look for HL/LH's after price has crossed ...

Higher low, lower high system

Honestly do not think a currency meter is necessary. It was still early days but I have already deleted, the TT top 2/3 pairs does a great job of a CSM.

Trading is as simple as ABCD

I have added some links to the first post specifically on the 1 min entry we are using in addition to swing trades.

Higher low, lower high system

I got to computer late this morning, pity as these url are perfect example of the LO 1 minute entry. Test or break and test of range in and around LO.

Higher low, lower high system

Please see post 1 for the trading concepts, there are also several links there for posts on items I consider important including trade rules, counter trend rules, avoid weak LO and pre/early US open etc etc. After that there are literally thousands ...

Higher low, lower high system

On somewhat of a roll, excluding 1 min trades closed for +766 pips this week alone. Price came down to W M2 where we exited the sell for 336 pips. This level was resistance from 3-10 Feb '15. It drifted there for hours showing positive divergence on ...

Higher low, lower high system

Only watching a short time, first reaction its amazing how effective the TT top 8 is in matching your strength meter, in particular the top 2-3 slots.

Trading is as simple as ABCD

Thanks I'll take this out for a spin and see how it runs.

Trading is as simple as ABCD