Exit at the 16 Jan highs for +214. Will post charts later.

Higher low, lower high system

Its here url

Higher low, lower high system

If I was a scalper I'd be pretty happy looking at selling euraud on these numbers. Things can go sideways very quickly but for now strength/weakness looks good (ps I have this on my computer Mrs V does not look at this at all).

Higher low, lower high system

Price now at 1.5565. Stop moved to BE. TP set at 1.5514 just above the 16 Jan highs.

Higher low, lower high system

We are sitting on 1.5614 at the moment. My currency strength meter is showing EUR as the 2nd weakest and AUD the strongest at the moment and whilst this can flip it bodes well for the trade.

Higher low, lower high system

Here is a meter I have been watching lately, it is from FF cannot remember the thread to give credit where its due.

Currency meter trading - strongest v weakest

EURAUD got to key levels going back to 2005 and rejected with a 4hr shooting star on Friday. Sold 1.5714, we are since on 1hr lh's/ll's. No signal from D as yet so this is regarded as a CT trade. Initial target is the W pivot/Dec highs around ...

Higher low, lower high system

Classic stack, couldn't find a better example if you tried.

H4 Power

Balance out at +140. Like I said we had a hedge sell in that reduced our risk to 20 + spreads.

Higher low, lower high system

I am obsessed with EURAUD and AUDUSD of late as they trend so well. In EURAUD from 1.5391 and instead of adding with the last 1hr engulf exited two thirds at +100. Reason being 1.5500 is a key level. The whole stacking thing is the issue I have to ...

Simple, Non-subjective, Consistent, Effective

Also agree this is a promising thread and I hope Ap3 decides to stick around, he's been away for a week or 2. I have been using what I call a 3 bar reversal, Ap3 calls a 2 bar engulf, for some time to good effect. Whilst getting decent trades the ...

Simple, Non-subjective, Consistent, Effective

Erring on the side of caution, as this is a key level, exited two thirds at +102.

Higher low, lower high system

We are hovering around the 1.5500 level which has been important in the past and again on 16th Jan. We have had a 200 pip move up today already and whilst EURAUD never ceases to amaze me would have to expect some kind of stall here for now. ...

Higher low, lower high system

All good things come to those that wait. Now nicely in profit and stop 1.5350. We had a hedge sell (this is a very rarely used tactic for us) at 1.5375 that has now been taken out at BE.

Higher low, lower high system

Took a 27 pip knock here. Not a lot considering the size of recent successful trades. EURAUD. As mentioned yesterday the D had not yet signalled a sell, this is based on the close 2 days ago. Yesterday was another weak D close that could not cross ...

Higher low, lower high system

Trade ended up at BE. EURAUD D closed negative but overall not a major reaction to the key 1.5500 level. Sold this mornings 4hr lh negative close/1hr lh 1.5381. There has been a change in flow down but as the D has not yet signalled a sell regarding ...

Higher low, lower high system

I associate a double bottom over a shorter time frame, on D chart say a week or two as happened 18-30 Dec. Personally I wouldn't describe the Aug - Dec lows as a dble btm but rather say its a potential support level i.e. a place where the market ...

Higher low, lower high system

And giving a current example I am in euraud buy at 1.5464. The 1.5500 was a key level historically but this has been broken and my target now in the 1.5550-1.5600 area. the RN has just broken so I'm putting stop to BE and then we'll see how trade ...

Genesis Matrix Trading

Someone else has posted that it depends on the set up which is of course correct. Some specifics/ideas, is the BRN approaching CT i.e. a pullback against trend and more likely to hold. Is BRN approaching in a strong trend? Is there a proven ...

Genesis Matrix Trading

Something kept nagging me about this trade. please see this post url good D set up for a buy, no follow through higher/pa to suggest a buy on 1hr, clear from the chart. Quite the opposite sold CT (within my CT rules). Might be worth a 2nd look DT. ...

Higher low, lower high system