My last trade before the UK news was a GU sell at 1.8575. The 8 am candle was indecisive and at 9.05 price dropped back to 1.8550, rose to 1.8594 a LH. This is about as close to news as I'd like to get! Was a little worried when price went to sleep ...

Higher low, lower high system

I haven't really mentioned news events as yet. I'll trade HL's LH's up to 30 mins or so before most Euro, UK news events but will look to tighten stops or exit very quickly. I do tend to stay away much earlier from their interest rate statements or ...

Higher low, lower high system

Yes it can be a little confusing there is the standard trade which follows the hourly candle and the 2nd option which looks to trade bounces off pivots and round/half numbers. If this is in any way unclear pick the one you like the most and run with ...

Higher low, lower high system

HUnter 123 forgot to mention the small losing trades that obviously do happen are heavily outweighed by the good entries that this system gives for the long runs that these currencies have most of the time. Cheers.

Higher low, lower high system

Hi HUnter 123 First of all there was an opportunity earlier on eurusd, again this was just a little too early for me (its a public holiday here and I was a little lazy this am). The double bottom at 6.05 am, yes the previous hourly candle was ...

Higher low, lower high system

One of those do you don't you this morning. The 4 am hourly candle was a positive close and there was a (not shown) higher low when the 6.05 5 min close. This was just a touch too early for me this am. The 5 am had another higher positive close so ...

Higher low, lower high system

Sorry for the delay I've normally finished for the day by now and was away from the computer. Yes the 12:00 candle was still negative and so yes we would still be looking for shorts, but this was a move started from the 10:00 candle. It gave 3 ...

Higher low, lower high system

Look for 1 hr reversal candles but also higher closes for buys and lower closes for sells. The amount of 1 hr higher closes on 22nd Sep is a classic example. The starting trade came from the hammer as mentioned in my first post but there were many ...

Higher low, lower high system

I wouldn't have been looking to buy at 11.30. The 10 am candle was a spinning top and there was a first lower high at 11.05. The cycle for up was therefore most likely broken and the only thing I would be looking for was a sell. The filters are (1) ...

Higher low, lower high system

Hopefully this will help. These charts are current so the following would have been trades. Eurusd had a spinning top on 1hr 3 candles back so thats a good indication that the run up has stalled and an opportunity to look to sell. The first lower ...

Higher low, lower high system

Sorry the hammer question. The pattern recognition just gives different numbers to hammers depending on size of body, upper/lower wicks, a HMR 2 or 4 has no bearing on trades.

Higher low, lower high system

M2 M4 are just 2 of the pivots and show potential areas that price may hit during the course of the day. I don't place any reliance on this for looking at trades. If the 1 hr set up candle just happens to be in the direction of the daily trend ...

Higher low, lower high system

Counter trend high low lower high — The first post is looking to find the trend for the day. Once price has moved around 100 pips eurusd and gbpusd can easily have good counter trend trade bounces off round numbers and pivots. This morning ...

Higher low, lower high system

Could be as easy as 50% of yesterdays move at 1.5700.

Jacko's Forex House of Pleasure and Pain

In this case you were so close to staying in, it was probably the difference in the spread that knocked you out. Its amazing how often a 100 pip stop will get hit but the trade comes back and is a winner. Some options are: accept this as the nature ...

Trend Finder Daily

Could you or Hussin please comment on the candle for 9th which (in my ignorance) I thought was a strong bullish candle but you still have bearish outlook. Thanks in advance.

Daily candle chart

Yes I'm half way through also. Very good. There do seem to be a lot of candle formations that have gaps which you don't see in forex, well so infrequently as to be insignificant. Does anyone have the list for best candles + formations for forex?

Daily candle chart

Thanks for this.

Daily candle chart

Very interesting would you mind sharing which co you use, google seems to show a few.

Daily candle chart