Looking at your entry against mine. Mine gave a first bite earlier, the 2nd higher low opportunity looks to be around the same area you would have entered. Just goes to show there's more than 1 way to skin a cat.

Higher low, lower high system

Daytrading can I be so bold as to ask what this would have looked like if you'd traded it the way I do. I'll bet the entry would have been earlier? If I lose I'll buy you a coffee next time you're in my area!! Cheers

Higher low, lower high system

Whilst I was away gbp 1 hr had a piercing line (engulfing/outside candle whichever name you use) followed by a hammer with nice bounce from the pivot. Hit the resistance level being todays open (at least the time frame I use). This one would have ...

Higher low, lower high system

5 ema is definitely worth looking at. On longer quick moves it will keep you in as it will take some time for the ema to catch up with price. On shorter moves say 30-40 pips you could easily see 50-70% of the trade given back if you exit on a close ...

Higher low, lower high system

Right now I'm thinking 2 things, lunch (I'm outta here in 2 mins) and pre US session lull which can happen round about now. Watch jpy fall 100 pips as I leave the room!! I think things are just too weak for jpy today and thats what I'll be looking ...

Higher low, lower high system

I have no mechanical way of taking a profit if you mean a fib ext or similar. Once in I'm focusing on the next problem area which for example on the jpy sell at 154.80 is the previous low at 154.50. The next target was S2 which if I recall wasn't a ...

Higher low, lower high system

Looks like jpy is going to have one of those ultra weak days, falling after posting a higher high. This is not a system trade but its a sell if you believe that fact. If 153.50 fails it could get interesting again.

Higher low, lower high system

Hi daytrading A simple question excuse the long answer. You should have put me down on a couch and charged me a few hundred bucks!! Its quite difficult to answer because in my results are news trades (different system) and I've only seen the no ...

Higher low, lower high system

Hi VBro My wife pulled a muscle and shes in bed so I've been on the making tea and is everything OK routine. I wasn't even looking at this. On the 1hr S1 is right on yesterdays low. If you look at daily this was support towards the end of Aug so yes ...

Higher low, lower high system

Another thing, if you are up 100 pips on this move its very easy to sell every 1 min bounce risking 10-15 pips. If you're starting to get in after a 200 pip run thats a different story. LH's/HL's work but nobody knows when the run will be over.

Higher low, lower high system

You can as it looks like this could be one of those very, very weak days where you just sell everything in sight. If it doesn't turn out to be one of those ultra weak days then you've got to look at the 200 pip drop jpy has had already this am. Its ...

Higher low, lower high system

I do trade very narrow channel break outs. Those I like but I don't have as much success when the channels are a bit wider as the eur was this am. Here's a comparison between a larger channel eur break south this am and the jpy sell. Eur moved 50 ...

Higher low, lower high system

My pleasure.

Higher low, lower high system

Do I regret getting out of Jpy at 154.00 when it looks like going lower, no (well OK just a little). Its been a great morning so far and I could just easily say cheers and go do something else. My personal views. Trading naked with this system, ...

Higher low, lower high system

Got out of 2nd leg down right on 154.00 lets see if i regret it. Re-entry off 1 min chart.

Higher low, lower high system

Out already looking at 1 min for another sell just below S2. Jpy can easily bounce 30 pips so if it comes back around 10-12 or so I'll get out. Just sold again, very tight stop here.

Higher low, lower high system

If I smile any more the top of my heads gonna fall off. More importantly did you? Cheers.

Higher low, lower high system

Jpy struggled here at 154.30 area on 22nd. If we break down from here next pivot is right on 154.00.

Higher low, lower high system

Yes its a valid lh even though the 1 hr was indecisive. 154.50 would be a good area to exit. If it looks strongly down you'd then look to target the next pivot below 154.50.

Higher low, lower high system

Written into the indicator are potential levels that price may hit during the course of the day based on previous days prices. Said to work around 50% of the time. Sound vague enough to you? If you say yes I'd agree. So I don't worry about that. I ...

Higher low, lower high system