OK heres the charts for the trade. D strongly neg close on 14th so bias would have been down for the 15th. But we have come into a SR area from Feb/Mar and we are at a W pivot 1.6726. We have in this case macd 4 6 4 divergence on 1hr (and 4hr which ...

Higher low, lower high system

The gu trade we are in. Price comes down to a SR level (Feb body high, Mar highs) in the area 1.6741. On 15 May 1hr has a clear higher low (after divergence at the lows) off the support level. So our counter trend rules apply. We entered above ...

Higher low, lower high system

I have been asked to start posting again. OK here's one that got away. Euraud comes down to an obvious SR level from Oct/Nov '13, makes no progress lower for 3 days then has a positive close 3 bar reversal on 19th (close higher than previous 2 ...

Higher low, lower high system

Didn't like those pre news candles, exited +26.

Higher low, lower high system

And 10 or 11 of them contained some useful info .

Higher low, lower high system

Cheers Zola yes it does when you're having fun. Exited the above euraud sell at BE when the major support level held. I know others (better traders than I) had bought euraud and gbpaud a little earlier but bought euraud 1.4733. We have the proven D ...

Higher low, lower high system

The support level goes back to 30 Oct 2013, a major clear D turn level. Whilst we are on a D lower high and would therefore expect this level to fail we are 850 odd pips into move down so have different expectations, that includes moving to BE ...

Higher low, lower high system

Have been having a discussion with someone on the 3 bar reversal indi and the comment was it doesn't work. It seems they were looking at the numerous signals and thinking this was some kind of take every signal indi. The same trading ideas apply, ...

Higher low, lower high system

Mrs V phoned to confirm EURAUD sell after the last shooting star neg close (counts as a 3 bar reversal as it closed below the last 2 closes). Confirmed its a sell but stop to BE asap as we have a strong support area just below. Will post charts ...

Higher low, lower high system

Nice. Any particular reason you didn't run to the RN or the W pivot just above as the days range was far from done? Just wondering.

Higher low, lower high system

Great trade, lovely set up.

Higher low, lower high system

Mrs V phoned and asked if this was a buy based on 4hr HL from the identified support/resistance level, the top of the positive close 4hr candle was just about cleared 1.5160. Rule 1 - Go against euraud trend at your peril. Rule 2 - See rule 1 Rule 3 ...

Higher low, lower high system

A friend mentioned seeing macd 4 6 4 elsewhere and suggested I have a look. The potential trades are close but not always the same as rsi cross but selling (when D set up/1hr flow sets up) when value is below the signal and buying when value above ...

Higher low, lower high system

One that got away. D lower high, neg close, RSI crossed lower and on the 50 level, 17 Mar. The D set up does not really get much better, the only problem the recent chop and we are just above a S level. One hour tries to go up, rejected at W M2 with ...

Higher low, lower high system

Great trade, continues to amaze me how much aud pairs like the W pivots.

Higher low, lower high system

Sorry there mt2 I have really been tied up. Mrs V has only taken 2 trades in the past few weeks (1 win 1 lose) but I'm hoping with month and year ends close to out of the way that normal business will resume shortly.

Higher low, lower high system

That will be one reason why one currency might trend well against another. Any cheap interest rate currency has the potential for carry trade opportunities and to trend. Looking at SA where we have higher interest rates than the currency majors ...

long-term - do high-yield currencies out-perform?

I hear what you say about not above Y's high. All in all looks about as picture perfect as you're going to get. Nice one.

Higher low, lower high system

Great trade yesterday around 8430 ish and another great gbpaud trade.

Higher low, lower high system

Whilst this can turn at the drop of a hat at the moment 1.8436 currency meter has gbp as the weakest and only jpy is stronger than aud.

Higher low, lower high system