I'd definitely recommend caution especially when its hit an obvious area of support. Eur is on a 50% fib from move up from 1.4559. Do I use fibs usually, no, but when theres obviously a problem area I'll check whats there. I'll go and find a nice ...

Higher low, lower high system

Have a look at www.candlesticker.com M2 is just one of the pivots that is calculated every day if you download the pivots indicator in the first post.

Higher low, lower high system

Eur has had 2 slightly higher lows on 1 min so there's obvious support at 1.4620. can it go lower (cigl) of course but its starting to look like it wants to turn, we'll see. GBP has had unconvincing lh's so even if we go lower I'll think hard before ...

Higher low, lower high system

I have set up for sell 5 min looks good so far. The eur 5 min candle ended up being a little large and didn't go lower so that was a no trade. Its still on a lh for now obviously this changes if we move above 1.4643. GBP still also on lh.

Higher low, lower high system

With the fall yesterday and how the candle looks so far I'd be thinking sell. Heres where things can get a little tricky. In and around the London open things can turn around quite easily. So we could have a solid down candle that hits M2 or 1.46 ...

Higher low, lower high system

I was asked about Asian session and flipped some charts and saw a classic example as to what I said to you on this. Heres a classic hl, an 11 pip body so no problems, but the next candle opened lower and just stayed that way. I would have stayed ...

Higher low, lower high system

Just to show more examples as I'm out until after the news. At the same time that I sold gbp, eur showed the same perfect lh set up after an indecision candle on 1hr. Jpy after 2 positive 1 hr candles fell after going sideways for about an hour and ...

Higher low, lower high system

Exiting trades — Back to that same sell on gbp. There's lots of people that are MUCH better at exiting trades than me. I'm getting better though, for me targeting pivots and round numbers has worked well. If I've had a decent run, a 50 pip ...

Higher low, lower high system

Yes it was valid. I had the tick chart up to place the trade and on my chart it just didn't go any lower than the previous candles close. When I say the open of next candle i do want that final 1 pip confirmation.

Higher low, lower high system

This is the trade sold open of 10.25. Its almost lunch time, I have a rare appointment in 10 mins so any kind of bounce up here and I'll take profits. OK I'm out. The beauty of the frequent trades on this system, I missed the lh an hour ago as I was ...

Higher low, lower high system

Just sold gbp lh. If we stay below 1.8550 theres a great chance we'll get down to pivot at 1.8527.

Higher low, lower high system

Hope this will help you.

Higher low, lower high system

I was 2 pips up before it turned around. Got out at -10 didn't see it working so didn't wait for stop to be hit even if it was only a few pips lower. R1 is one of the pivot levels.

Higher low, lower high system

Apart from counter trend bounces off important levels after a big run the main reason I look at what the latest hourly candle has done is to get a set up for the next trade. The eur just had an hourly doji indecision candle, had a nice bounce away ...

Higher low, lower high system

Yes if we can stay above the even number or have a good rejection if it dips below that'll be nice.

Higher low, lower high system

The move to R1 was a break of the lower highs. Can it go down from here of course but I've just bought at +2. And now I'm out!!

Higher low, lower high system

If a candle's body is too big we'll either have a look at 1 min chart to see if there is a HL/LH or wait until price breaks beyond the top/bottom of candle. We avoided the 6.10 trade as we did not like the higher low. The slide in the 9 odd candles ...

Higher low, lower high system

Just though I'd repeat something that should start being obvious from the examples that are being posted. Can you see how many trades when opened are the spread plus a pip or so negative and then just move. When the eur hit just below M4 it had run ...

Higher low, lower high system

Yen was very indecisive for me. My wife and I discussed buying after the half number bounce. We were also looking at buying eur and gbp. We decided I would go and make the tea and missed both!! For the record I have attached what we missed. For the ...

Higher low, lower high system

EU 11am candle had a positive close. Bought last HL at 1.4684 just got out at fall to pivot. Think I'm finished for the day that was largely sideways.

Higher low, lower high system