I am in a CAD buy from yesterday after the engulfing 1hr close. We are testing the 29 May highs 1.0420 area. Just over 50 pips up at the moment we'll see how it works out.

Higher low, lower high system

7 Aug 2013 Click on date for D charts. EUR - D closed positive, 4hr several upper wicks rejecting the move above 1.3300 again. The bounces lower from this key area are getting smaller suggesting it may fail and we move up. If I was to buy and take ...

Higher low, lower high system

It happens.

Higher low, lower high system

GU looks like its flipping over. We'll see.

Higher low, lower high system

6 Aug 2013 Click on date for 4hr charts. EUR - D closed negative with a small range. The 1 attempt above 1.3300 last week was quickly rejected. The 4hr chart shows the sideways mess. Whilst I suspect down chances are won't be watching this pair too ...

Higher low, lower high system

See the x where the weak 4hr closes could not cross 8lwma/cause RSI cross.

Higher low, lower high system

Whilst I'm on GU daily. You'll see again how many turns take 3-7 days to play out. Of course Fri was an exception as it was news - NFP - that caused the turn. That can happen but news shocks apart the above chart shows again that 1 candle on 1 TF no ...

Higher low, lower high system

I think you did really well there great trade. D was engulfing positive close. The 4hr evening star didn't really play out as the red hammer was followed by an inside candle that could not cross below its 8lwma or cause RSI cross. The GU ...

Higher low, lower high system

5 Aug 2013 As expected most pairs did very little until NFP numbers came out of Friday. There were some big reactions then, as usual we'll need to see if these moves follow through or re-race back to their starting points. Click on date for 1hr ...

Higher low, lower high system

I'll be quite honest I play around with the ema's a lot because they are not that important in the grand scheme of things. I currently use a gold 8lwma on close on all time frames. Trading above/below that is a good easy visual rule of thumb. Also ...

Higher low, lower high system

2 Aug 2013 Click on date for D charts. General comments: NFP today so there is always the chance of an early move and then erratic/sideways price action. EUR - The move above 1.3300 that was immediately rejected on 31 July did result in a negative ...

Higher low, lower high system

Yes I never looked at EUEAUD before, thanks pgdave I think it was for pointing that one out. When she trends she trends really well. My gu trade ended at BE, yes I managed that one about as poorly as is possible. Perhaps being too critical, left ...

Higher low, lower high system

It will be the same as eur on 1st post with switch of RSI for W's%R. There you go.

Higher low, lower high system

Missed out badly, first 200 pips or so did come on Aussie interest rate news so not a lot could be done there. Also missed out on the US session 1hr hl yesterday. There was also a nice 2b 3 bar reversal yesterday also, 15 min.

Higher low, lower high system

That US news was FOMC that I forgot about.

Higher low, lower high system

I August 2013 UK and EUR interest rates today then NFP tomorrow. Never sure what that will bring with entries. Just hoping news takes my GU sell lower. EUR - D closed a large body doji after a London Close move up that continued higher on the FOMC ...

Higher low, lower high system

This was a normal London close reversal that picked up some or other US news and really spiked.

Higher low, lower high system

Just a few pips below the shooting star as opposed to right below it. I am lucky to be in the trade still. Mrs V said its a different trade to our norm (apart from the odd EURAUD trade we are nowhere near the mentality to leave a trade for days, but ...

Higher low, lower high system

Still holding the rest of your sell? As I speak we are heading to the days low, currently 1.5133 so about 10 pips to go. In a couple of hours we are heading into the London close reversal period. So anything lower from here/small (emphasis on small) ...

Higher low, lower high system

Thank you also for those kind words. Yes we are still in, trade running to plan so far so good. Hopefully we can target the next major support and resistance level which is the May lows in the area 1.5000/5030. Waiting that out will probably make me ...

Higher low, lower high system