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Vantage replied Oct 3, 2008Nice. Just after this all 3 currencies have made lower lows and then lh's so sells on from here. Where price touched the pivot/34 ema at 145.90, that low is lower than the previous low at 146.00. The first indication that up cycle may be broken. ...
Higher low, lower high system
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Vantage replied Oct 3, 2008Did a quick grab of 8 pips here lh bounce from a round number off 1 min.
Higher low, lower high system
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Vantage replied Oct 3, 2008If using mt4 right click on the chart go to save as picture. This saves to my desktop. When posting a reply scroll down to manage attachments, once thats open click on browse, search desktop and click on the saved file. Click upload, once its ...
Higher low, lower high system
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Vantage replied Oct 3, 2008Hi ithorror Welcome, if you've got any set ups etc or anything else to contribute please feel free. I did have UJ and UC up at a stage and watched 5 currencies. I just got better results when I cut from 4 and then to 3 currencies. I felt that EJ ...
Higher low, lower high system
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Vantage replied Oct 3, 2008Asian session. Eur and gbp were a mess in Asian session. Jpy was the pick but had a loser if we use -15 for stop and approx 70 pip winner bouncing on the half number 144.50. Whilst all currencies had nice bounces in later Asian session Jpy had a ...
Higher low, lower high system
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Vantage replied Oct 2, 2008Its a pleasure. Cheers, careful though in the next hour or so it could be very choppy. This narrow channel didn't work, yet, nothings 100%, but a narrow channel break out is way up there on the % winners scale. Ok taking a break be back later.
Higher low, lower high system
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Vantage replied Oct 2, 2008I bought jpy and got out at BE. I'll probably now wait until after Eur news in about 2 hours.
Higher low, lower high system
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Vantage replied Oct 2, 2008All 3 currencies are pretty much the same with hl's and lh's right after each other, they can go either way. They'll break out and then probably run in whatever direction they go. I'll pick a currency and go either way.
Higher low, lower high system
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Vantage replied Oct 2, 2008What that will mean of course if it doesn't fall from here, there will be hl's and the buy chance will be missed. So far so good though.
Higher low, lower high system
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Vantage replied Oct 2, 2008Eur and jpy have both had some hl's which makes the possible sells here a lot more tricky. I would much prefer they both have another move up from here fail to make their last highs - 1.3933 and 1.4678 - and then fall.
Higher low, lower high system
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Vantage replied Oct 2, 2008Yes I use FF for news. When I started looking more and more at the simple idea of 'first retracement' thats when things really clicked and I could ditch indicators. Don't get fired reading fx stuff at work!! Cheers
Higher low, lower high system
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Vantage replied Oct 2, 2008Hi Nutmg12 Are you currently trading with indicators still?
Higher low, lower high system
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Vantage replied Oct 2, 2008If you are new to this style of trading not to worry, either start trading demo or with very small lots micro even until you're comfortable. There's no rush. I'll wait to see what the medium UK news brings in 15 mins. The more we drift up, at the ...
Higher low, lower high system
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Vantage replied Oct 2, 2008Re-entry 1 min after the 5 candle hesitation. Out at +33. There'll be a lot of volatility here with the low from 9 Sep.
Higher low, lower high system
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Vantage replied Oct 2, 2008Sold eur. Its gone to sleep a little out at +13. Can someone poke me with a sharp stick please! Hit 1.39 for another 28 pips and looks like it still going.
Higher low, lower high system
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Vantage replied Oct 2, 2008Have a look right now at eur, if we stay below 1.3963 we are still on lh. 1 min has lh with a break on ema. I'm not in yet but its a current example of what I meant. In this case the 1 min confirmed the 5 min lh by having a lh of its own.
Higher low, lower high system
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Vantage replied Oct 2, 2008Its pretty much all trades. Price must just go lower, I said 1 tick but I'm not glued to the screen to say OK thats 1 tick I'm in. The 1 min chart can at times show a hl/lh within the 5 min candle and I'll also look at that. More often than not ...
Higher low, lower high system
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Vantage replied Oct 2, 2008I've had some pm's to give examples of Asian session lh's, hl's. Jpy seemed about the best. The even number was a good target for around 50 pips. There was another lh but price never went below the candles low so no trade.
Higher low, lower high system
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Vantage replied Oct 1, 2008I wasn't looking at jpy but it also had a perfect lh set up.
Higher low, lower high system
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Vantage replied Oct 1, 2008My eagerness for a win after missing trading this morning caused me to exit a little early, 24 pips is 24 pips however but me thinks I have to write 100 times - 'don't exit trades too early', I'll work on it.
Higher low, lower high system