EUR GU EJ 7 May EUR - D closed an inside candle. Range bound trading generally means trading the reaction to the W pivots/support resistance levels. An engulfing negative close on 1hr would set up a move to test 1.3050/1.3000. GU - Has struggled ...

Higher low, lower high system

Recap 6 May EUR - D closed positive and we are above 50 RSI. 4hr appears to be on a lower high with a base at 1.3040. Still bouncing within the bigger range 1.2985/1.3200. No bias. Result: With the UK public holiday a narrow range held by the W ...

Higher low, lower high system

Whilst we are quite happy to take CT trades when our rules permit this is a very good example of a mechanical trend based method. 100pipsaday's D1 - 20 ema + 50 ema. url Well worth a read and taking note of the strict application of the rules. ...

Higher low, lower high system

EUR GU EJ 3 May It took the EUR interest rate decision to bring the pairs down. We didn't get an entry we liked so no trades yesterday. NFP today. EUR - D closed as an evening star pattern which we would expect to follow through lower. Bias down. GU ...

Higher low, lower high system

EUR GU EJ 2 May EUR - D closed a shooting star rejecting an identified resistance level/W R3 1.3235 with divergence. On D chart this can be a pause in uptrend as we are above the 8 lwma and 50 RSI level. 4hr has signaled a sell with engulfing close, ...

Higher low, lower high system

Recap 1 May Was a public holiday here and we had the day off, so no trades for us. EUR - Since the Apr lows we have had 3 decent legs up with yesterday a solid positive close.We are in the region of the Apr highs resistance area (16 Apr D body close ...

Higher low, lower high system

Hadn't seen any of those you highlighted!!

CCiIDT

Aha I thought you had the trade based on the lower divergence. Excuse the RSI 8, used that for ages. I also use a higher low or lower high following divergence as the confirmation for entry. See arrow up, in this case same area as TL break. Added 8 ...

CCiIDT

EUR GU EJ 1 May Bank holidays in Germany, France and Italy should reduce volumes. We will probably focus on US session today. EUR - Since the Apr lows we have had 3 decent legs up with yesterday a solid positive close.We are in the region of the Apr ...

Higher low, lower high system

Recap 30 Apr EUR - D closed positive yesterday at the 1.3100/20 resistance level. 4hr on higher low. Bias up with potential to fall from yesterdays highs. Result: An early move up struggled at yesterdays highs. The move down to W M3 stalled for 5 ...

Higher low, lower high system

EUR GU EJ 29 April EUR - Last week closed a hammer after a shooting star, the W chart clearly showing the indecision in the market. D closed a doji, 4hr last close a doji. 1hr gapped up but has already closed. All in all a mess, no bias. GU - Not ...

Higher low, lower high system

We have sold GU above 1.53 not totally believing the move up in Asian session. 4hr upper wick, 1hr shooting star. Mrs V getting change of season sniffles so this will be a 1 trade day. The 1.5285 area may give support, by then we will be at BE and ...

Higher low, lower high system

EUR GU EJ 24 Apr EUR - D negative close lower high 3 bar reversal, below 8lwma and below 50 level. 4hr lower high lower low flow in tact. Obviously the buyers at 1.30 may not have finished yet so care with entry required as always. We have W S1 at ...

Higher low, lower high system

Recap 23 Apr EUR - D shooting star followed by a hammer, within the identified support/resistance levels.Overall bias down but with the support level 1.3000 holding would look elsewhere until the range breaks. Result: Moved up to the W pivot 1.3084 ...

Higher low, lower high system

We missed out in the morning due to the size of entry candles. Did get this EUR reject of move below 1.30. Price refusing to go lower for 5 hours.

Higher low, lower high system

Hi Ev, mt2 that big upper wick rejection bar at that proven support/resistance level, I'd say great trade.

Psych Levels, Pivots, and Trendlines - Resurrected

The EJ 1hr doji that followed the positive close inside bar, certainly seemed like it was a struggle to go up. We had broken the immediate range lower i.e. below 130.10, came back and tested it. Looking at the 15 min at that time it was all upper ...

Higher low, lower high system

Arrow left is, it closes higher than the previous 2 candle closes. Arrow right is not, only closing higher than the previous candle.

Higher low, lower high system

EUR GU EJ 23 Apr EUR - D shooting star followed by a hammer, within the identified support/resistance levels.Overall bias down but with the support level 1.3000 holding would look elsewhere until the range breaks. GU - D positive close but again not ...

Higher low, lower high system

Recap 22 Apr EUR - The support/resistance levels 1.3000-1.3120 are still containing price. 1hr 50 ema flat signaling a general sideways range. Had no bias, small range day. GU - Lower high lower low flow, bias down. Result: Bias down did not play ...

Higher low, lower high system