EUR GU EJ 22 Apr EUR - The support/resistance levels 1.3000-1.3120 are still containing price. 1hr 50 ema flat signaling a general sideways range. GU - Lower high lower low flow 1hr, bias down. EJ - Higher high higher low flow 1hr, bias up.

Higher low, lower high system

Clarification trading against direction of ma's I was asked to clarify when I will trade against the direction of the charts moving averages, i.e. against the trend. So that would be selling when price is above the ma's and buying when price is ...

Higher low, lower high system

Exactly thats why I look at my/Mrs V's trading day, did we trade system, stray from it, have a system losing trade or just simply mis-read the market/candles/support and resistance levels. Have not seen anything that fails to convince me that ...

Higher low, lower high system

Out of time this morning, 4hr charts with pivots and weekly charts on the blog. Some interesting things brewing on those weekly charts.

Higher low, lower high system

Recap 19 Apr EUR - D closed a shooting star off the 1.3000 support level which is proving a tough nut to crack. The bounce up was not significant enough to change my down bias with obvious chance of buyers at the support level. Result: Up and down ...

Higher low, lower high system

I have been asked why do I do recaps of previous days trading. The answer is very simple. It absolutely tells me if my take on trading is working for me or if it needs tweaking. In a nutshell, trade with the trend until counter trend rules apply. ...

Higher low, lower high system

Time of day, London has already closed. The 1hr upper wick earlier then an inside bar thats a lower high. Late US news (interest rate decisions/Fed announcements) sometimes move market but without that I wouldn't look at a trade at that time. You ...

Higher low, lower high system

Don't take anything anyone says as fact, always check it out yourself to make sure that you clearly understand what they meant (when you write something down whats clear in your own head sometimes doesn't come through quite so clearly) and that you ...

Higher low, lower high system

Putting it a slightly different way. If its such a key level why such a small bounce away from it? Yes the big boys are crafty and they have big vol's to push but if there were plenty of sell orders at that level you'd expect a bigger reaction. Also ...

H4 Power

Never traded oil, nice one. Exactly the same set up as I commented on a previous trade of yours. Might be CT to D but a genuine 4hr higher low engulfing close, a thing of beauty. The other thing I'd mention on that chart. The reaction lower from the ...

H4 Power

I don't regard myself as any kind of inside bar expert so that might change the numbers a little. Any method involves some back testing (20 days uptrend, 20 days downtrend 20 days sideways a good basic starting point) but as long as I've been ...

H4 Power

EUR GU EJ 19 Apr EUR - D closed a shooting star off the 1.3000 support level which is proving a tough nut to crack. The bounce up was not significant enough to change my down bias with obvious chance of buyers at the support level. GU - D closed ...

Higher low, lower high system

Recap 18 Apr EUR - D closed negative at the 1.3000 support level (Feb-Apr '12). We have W S1 at 1.3000 also. The EUR can easily go sideways for a week before a good run. This range is bigger than EUR's typical sideways moves. 1hr did have a higher ...

Higher low, lower high system

No I don't agree with the statement. JPY intervention whilst it can ruin 1 trade generally is good for decent runs, days, weeks or months. Ok CHF ruined EURCHF. Sooner or later they'll stop that game also. The market is sometimes tougher. Trading ...

Higher low, lower high system

Again my humble opinion, from a 4hr chart you'll get 3-4 good trades a week, max 5. Cannot recall when I last saw 6 trades from 1 pair.

H4 Power

The flow of the market is basic. Trend = higher highs higher lows or lower highs lower lows. Trend is also TF dependent. For example D can be up but 4hr can be going down. 4hr down 15 min up. These are genuine lower highs and even if against D trend ...

H4 Power

Just seen thread for the first time. Love engulfing closes and glad to see your focus is on higher TF's and 15 min for entry. Great stuff. On this chart in particular I'd just add my 2c that when the 2nd engulf closed it was a genuine lower high and ...

H4 Power

EUR GU EJ 18 Apr EUR - D closed negative at the 1.3000 support level (Feb-Apr '12). We have W S1 at 1.3000 also. The EUR can easily go sideways for a week before a good run. This range is bigger than EUR's typical sideways moves. 1hr did have a ...

Higher low, lower high system

Recap 17 April EUR - The previously identified support level above 1.3000/W M2 1.3038 held. D higher low engulfing close should follow through higher. We have stopped at the Sept highs and there are two W pivots to contend with. Also the over sized ...

Higher low, lower high system

We haven't traded much in the last couple of weeks, its terrible when life gets in the way of trading. One of the few trades snatched for +40. Yes we know full well that it was an early exit as so little was done to the upside (after what 8 hours of ...

Higher low, lower high system