Recap 25 Mar, EUR GU lower high following divergence EUR - Approaching 1.3050 W R1 to close the gap. D positive close Friday. 1hr flow higher high higher low but we do have negative sell divergence. We can react lower once the gap is closed, if not ...

Higher low, lower high system

After missing out on EUR this morning EJ 1hr gave a lower high to flip the previously bullish flow. Sold the 15 min lower high at 122.87 about 45 mins ago. Currently + 25ish struggling to break below the days open. We are hoping the fall goes lower ...

Higher low, lower high system

EUR GU EJ 25 Mar EUR - Approaching 1.3050 W R1 to close the gap. D positive close Friday. 1hr flow higher high higher low but we do have negative sell divergence. We can react lower once the gap is closed, if not then the next target will be W R2 ...

Higher low, lower high system

Recap 22 Mar EUR - Bias down with potential to bounce up from support. Result: Bounce up from support/W M1 combination. GU - Bias up but watch for reaction lower at resistance levels mentioned. Result: Bias up played out. EJ - I'll say bias down ...

Higher low, lower high system

Yep very nice trade, when all 3 moved in same direction. Sorry couldn't post earlier, terrible connection yesterday. Very frustrating when analysis pans out, great engulfing 3 bar reversal on EJ 1hr, 4hr massive lower wick and you cannot get on the ...

Higher low, lower high system

EUR GU EJ 22 Mar EUR - D negative close back into trend RSI below 50 level, daily lower high lower low flow intact, price stopped at support level. 4 hr strong rejection of the W S1 level 1.2954 with upper wicks. W M1 provided support during the day ...

Higher low, lower high system

Recap 21 Mar EUR - View was: D closed positive but did not break the upper resistance level 1.2980/1.3000. 4hr lots of upper wicks so the upper resistance level W S1 proving an issue still, RSI crossed up and above 50 level. 1hr negative divergence ...

Higher low, lower high system

Very nice. A public holiday here and the V's were otherwise engaged.

Higher low, lower high system

EUR GU EJ 21 Mar EUR - D closed positive but did not break the upper resistance level 1.2980/1.3000. Ralph Shell has posted an article (see blog) and he is looking at the weekend gap to get closed with a move to 1.3050. Anyway D RSI has crossed but ...

Higher low, lower high system

Recap 20 Mar, EUR higher low following divergence EUR - View was: D negative close below the previous low. 4hr flow lower high lower low. Bias down. The down bias never played out. That means we are going counter to the D trend so we have to assess ...

Higher low, lower high system

Forgot to add the simple fact that when the move above the immediate range failed gave the move lower that much more chance of playing out. The fact that it had that long list of items we look for made it a trade and not just a breakout.

Higher low, lower high system

Here is the chart for the trade. Evening star pattern, 3 bar reversal, reject of move above RN in line with bias.

Higher low, lower high system

Mrs V sold GU, partly on the strong conviction of how 4hr looked, at 1.5081 out +31 will post charts later.

Higher low, lower high system

EUR GU EJ 20 Mar EUR - D negative close below the previous low. 4hr flow lower high lower low. Bias down. GU - After the strong push up on 14th no follow through higher. Resistance at W M3 1.5143 and below at 1.5070. Bias down. EJ - Similar picture ...

Higher low, lower high system

Recap 19 Mar EUR - View was: Positive D close to close the gap to Fri's lows, still below RSI 50 level. 4hr is still on lower high after the gap closed price went sideways, 50% retrace, still below RSI 50 level. No bias can go either way today. 50% ...

Higher low, lower high system

Very nice Ian, Mrs V had closed up shop just before. She struggled yesterday not properly considering the lower highs at the extremes of the recent range (easy for me to say). Clearly rattled after her record breaking month last month and struggling ...

Higher low, lower high system

Mrs V sold the EJ lower high, waited for low of hammer to clear, entry 123.43. I said sell the lh at 123.53, she chickened out, could be the diff between BE and a loss when pa is ranging.

Higher low, lower high system

EUR GU EJ 19 Mar EUR - Positive D close to close the gap to Fri's lows, still below RSI 50 level. 4hr is still on lower high after the gap closed price went sideways, 50% retrace, still below RSI 50 level. No bias can go either way today. GU - D ...

Higher low, lower high system

Had some connection issues yesterday and Mrs V missed the EJ move up to close the gap. Oh well next trade please. Recap 18 Mar EUR - View was: We will have to see how the market reacts to Cyprus bailout news. It would not be unusual for the gap to ...

Higher low, lower high system

EUR GU EJ 18 Mar EUR - We will have to see how the market reacts to Cyprus bailout news. It would not be unusual for the gap to be closed before falling suggesting a move up to 1.3000. For now we stopped at the Dec '12 lows/W M1. There could well be ...

Higher low, lower high system