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Higher lows lower highs

This is a discussion on Higher lows lower highs within the General Forex Strategies forums, part of the Forex Strategies category; GU, we missed the lh sell around 4960 and had to wait for this lh. Exited at +20 at round ...


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  #11  
Old 06-25-10, 11:08 AM
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GU, we missed the lh sell around 4960 and had to wait for this lh. Exited at +20 at round number, Mrs V going ape to bank (we missed out on some ej pips and we haven't traded well this month and are way below target).

I had target at 4850 with 4885 a tough area (high from 18th I think it was) and thought we should at least stay in for 4885. Mrs V won that one. No worries we can always buy another rolling pin.
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  #12  
Old 06-27-10, 11:11 AM
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Default 1st post amended

Our results are down this month prompting a look at the charts for the month. Whilst I had a lot of personal/family issues this month fx is my business and it needed some fact checking. Another trade will be added:

(3)Between 7 and 9 am gmt where a decent range is around 50 pips, we will look for 1 min hl/lh's at key levels (round numbers, psych 75/25, prior session proven supp/res levels, pivots etc). Numbers show something like 80% of the time these are the London open head fake moves. Looking to bank anything from 20+ pips when a key level hit.

Each time there is a stall and turn that extreme becomes the starting point potentially for the 125 pip session move. This bigger move is more likely to happen after 9.30 gmt than before.
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  #13  
Old 06-29-10, 04:34 PM
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2 trades today, one of which is an example of trade 3 see 1st post. Price moved up to clear supp area in early London session we sold 1 min lh for +18.

Had another 100% system trade before UK news, hit +20 briefly but news took us up, out at BE.
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  #14  
Old 06-29-10, 04:35 PM
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Sorry above chart had the 5 min BE trade, this is the 1 min entry.
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  #15  
Old 07-01-10, 12:28 PM
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Nice system buy out at +20, much too early but my +20 auto bank indi was going crazy (aka Mrs V).
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  #16  
Old 07-01-10, 12:30 PM
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Quote:
Originally Posted by Vantage View Post
Nice system buy out at +20, much too early but my +20 auto bank indi was going crazy (aka Mrs V).
I missed the system sell a few candles earlier, it closed right on even number so we left it. This system buy also closed right on EN and we weren't going
to let another system trade pass by.
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  #17  
Old 07-01-10, 12:33 PM
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Haven't traded eur for ages but had up this morning and for whatever reason (focusing on gu or just because we haven't traded it for a while) we saw this and let go. 100% system trade.
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  #18  
Old 07-08-10, 12:38 PM
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I am careful trading in the first 15 mins of Frankies Open (FO) but this was 100% system with good candles. Got out too early and it ran up to strong resistance but +20 good on UK/Euro int rate days which I used to avoid is fine.
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  #19  
Old 07-09-10, 11:55 AM
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100% system sell on ej. 1hr down, 15 min down, nice 5 min lh shooting star no lower wick. Tried to exit +19 when move below RN failed, didn't take eventually no follow through out at BE.
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  #20  
Old 07-14-10, 10:31 AM
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We did take this hl. 15 min had a pos close, key level Y's high had rejected. Looks like we got in a pip or so late but thats the max dev I have set in mt4 orders. Exited at +28 near the top of range. It did go further but that was a nice trade.
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