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Vantage replied May 31, 2014Hi Clive Sorry I don't have Skype but some comments thoughts: Now surely if we can identify possible long term support and resistance levels and enter them on the 1 minute chart with a 10 pip stop we've cracked it. 2 main issues, your system is a ...
Trading is as simple as ABCD
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Vantage replied May 31, 2014Now I don't know where this will go, either taking trades after D has signalled in terms of my rules or from the top 8 as forward testing will reveal, but first reaction these look like pretty good entries to me. Aha V but you are cherry picking the ...
Trading is as simple as ABCD
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Vantage replied May 31, 2014If you are going to trade everything in sight yes I'd say you'll need a lot of luck. If you are going to trade a specific set up with a specific direction taking maybe 2 trades in a session I'd say you are taking what the big boys are doing (moving ...
Trading is as simple as ABCD
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Vantage replied May 31, 2014A good friend of mine is a commodities trader in a hedge fund, doesn't look at technicals at all due to the specifics of commodity markets, seasonality, contango (or however you spell it) this, arbitrage that, what are Chinese doing with wheat ...
Trading is as simple as ABCD
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Vantage replied May 31, 2014Looking back at some of those opportunities that got away (or not) to see if methods can be improved. On this trade mt2 you were right in your assessment but your stop would have been hit. The D pos close on 26th was just a pause in move down but ...
Higher low, lower high system
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Vantage replied May 30, 2014Decided to exit also at +29 done for the week.
Higher low, lower high system
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Vantage replied May 30, 2014I am closing down for the week and exited GU for +25 really struggling with this mornings high.
Higher low, lower high system
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Vantage replied May 30, 2014Sitting here twiddling thumbs so posting this one that we didn't take in favour of ej. D oversize neg close into a SR level. No follow through lower which should always raise an eye brow. 1hr hl 3 bar reversal into US session. I thought ej was ...
Higher low, lower high system
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Vantage replied May 30, 2014EJ is struggling at some of the D lows from last week, 19, 20, 23 May the first obvious resistance area for this trade. Hoping we push up through as would love this not to be a scalp. At the moment currency meter showing eur as strongest and jpy ...
Higher low, lower high system
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Vantage replied May 30, 2014EJ D closed a long legged doji with divergence, 4hr hl, 1hr hl (no surprise considering the 4hr) 3 bar reversal. We had a base at the RN/W M1 then the 1hr hl bounce off W S1. In at 1.3840. Will post charts if trade follows through. Same as gu in the ...
Higher low, lower high system
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Vantage replied May 30, 2014We survived and moving back up to W M1 at 1.6756.
Higher low, lower high system
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Vantage replied May 30, 2014Haha you get old and sometimes out of the blue these things happen. Every so often wide awake from about 2-5 and sleep again like a baby for an hour or so!!
Higher low, lower high system
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Vantage replied May 30, 2014I'm in from 1.6725 after a bout of insomnia this morning very early local time, the hammer Asian session. Not at BE yet but getting very close to that decision. Mrs V and I didn't trade yesterday euraud, gbpaud moved too early in Asian session, ej ...
Higher low, lower high system
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Vantage replied May 30, 2014Hi Clive Yes our posts were crossing but your trades gbpnzd above, 2 and 4 are the moves in and around LO, if you miss those the entry at 5 is starting to get very high risk and should be avoided. Its had its LO run. Having made the decision to ...
Trading is as simple as ABCD
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Vantage replied May 30, 2014Hi Clive If this is getting off base please just tell me and I'll remove this post and the previous one. The gbpjpy is a classic example of what I have been using for years. I'm not talking about catching the top of the market on 27th (separate ...
Trading is as simple as ABCD
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Vantage replied May 30, 2014Hi Clive I hope this will help its certainly done with the best of intentions. Whenever I look at something new to see if I will tweak my existing method or try something new I look back at 20 days uptrend, 20 days downtrend and 20 days sideways ...
Trading is as simple as ABCD
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Vantage replied May 30, 2014On 28th May gu D had an overly large candle with no follow through. Often these are the signal of the end of a run. This was followed by a doji. The move lower stopped at the RN/W M0. The 4 hr chart is showing this with a clear double bottom/higher ...
Higher low, lower high system
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Vantage replied May 29, 2014Aha thanks
whats unfortunate is that this will push my computer skills to the limit
.Trading is as simple as ABCD
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Vantage replied May 29, 2014Very nice words thanks Clive. I gave up trying to catch the exact/as close to as possible turn of the day, or perhaps I need to explain. You might realise I am a big believer in one day follows the next/good D set up candles need to be respected, ...
Trading is as simple as ABCD